Consider how many shares are outstanding and what has happened to their value over the last two years. 1.2 Billion shares of which 15% are held by institutions have been turned to trash by OUR government! Their should be a moster class action shareholders’ lawsuit.
Against Barney Frank? It's his fault but I doubt he has enough money to make it worthwhile.
“Consider how many shares are outstanding and what has happened to their value over the last two years. 1.2 Billion shares of which 15% are held by institutions have been turned to trash by OUR government! Their should be a moster class action shareholders’ lawsuit.”
Good! Shares of frauds and ponzi schemes shouldn’t be sold in the open market.
The left wing socialists and their mediot buddies will blame all of this on Bush.
About ten years ago, I sold all of our PimpCo funds which supported these frauds, and any of their so called AAA bonds. I also sold any mutual funds with a large % of these so called AAA bonds from Freddie and Fannie.
The Fannie and Freddie scams make Madoff look like a piker in the first grade of $crewthe Dumb American investors school.
Liberal frauds posing as investment advisors on tv and radio were pushing these bonds up to the meltdown and some probably even after the meltdown.