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US stock futures surge on plan for mortgage giants
yahoo business ^ | Monday September 8, 9:14 am ET | By Tim Paradis

Posted on 09/08/2008 6:31:10 AM PDT by central_va

US stock futures point to huge rally following government bailout of Fannie Mae, Freddie Mac

U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 2 percent.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Business/Economy; Government
KEYWORDS: fanniamae; freddiemac; govwatch; mortgagebailout
I thought we needed a non-Palin story to kick around. (Note: AP excerpt)
1 posted on 09/08/2008 6:31:11 AM PDT by central_va
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To: central_va

+330 in 5 minutes!!!!


2 posted on 09/08/2008 6:36:03 AM PDT by Perdogg (Maverick - Barracuda 2008)
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To: central_va

I think this is the psychological effect I was talking about in another thread.


3 posted on 09/08/2008 6:36:50 AM PDT by refermech
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To: Perdogg
+330 in 5 minutes!!!!

Irrational exuberance.

4 posted on 09/08/2008 6:37:31 AM PDT by Glenn (Free Venezuela!)
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To: central_va

Who was in on the deal?


5 posted on 09/08/2008 6:39:09 AM PDT by dfwgator
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To: central_va

I get to own my neighbors mortgage. Joy.


6 posted on 09/08/2008 6:41:49 AM PDT by BGHater (Democracy is the road to socialism.)
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To: dfwgator

This move by Paulson doesn’t change the fundamentals in any
way, he just slowed the decline for a few days. It’s going
to get ugly.


7 posted on 09/08/2008 6:43:51 AM PDT by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: OregonRancher
It’s going to get ugly.

I have been shorting the entire stock market, all investments are cash now. I am questioning my decision. Am I nuts?

8 posted on 09/08/2008 6:46:21 AM PDT by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
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To: central_va

FNM & FRE off more than 70%.

(No surprise, really).


9 posted on 09/08/2008 6:47:18 AM PDT by Glenn (Free Venezuela!)
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To: central_va
Should have gone with small US Business...they are the baby in the cradle for both parties to get the economy well again.
10 posted on 09/08/2008 6:51:04 AM PDT by Earthdweller
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To: central_va

Oh goody! Now the gubmint can decide who deserves a home loan and who doesn’t without having to go through the middlemen.


11 posted on 09/08/2008 6:52:55 AM PDT by Bob Buchholz
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To: central_va

Timing the FN/FM bailout announcement on a Sunday, so as to tweak the Asian markets opening, is exactly the kind of thing you expect when a Big Con is getting underway.


12 posted on 09/08/2008 6:53:36 AM PDT by Notary Sojac (America's never won a "war" unless the enemy was named using a proper noun.)
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To: central_va

Am I nuts?

Not at all. This is just a smoke screen. The entire bailout
is predicated on the market recovering and there’s not a
chance of that happening until all the toxic paper is gone.


13 posted on 09/08/2008 6:58:19 AM PDT by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: central_va

The gains will all be gone by week’s end


14 posted on 09/08/2008 7:57:16 AM PDT by montag813 (www.BoycottUsWeekly.com | Fight the Smears | Fight the Sexism)
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