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Fannie and Freddie
- Thread starter opt789
- Start date
Why in the World did big Value Managers like PZENA, BRANDES and LEGG MASON buy so much of this crap
over the past year? They are getting murdered in these two stocks. Goes to show that Wall Street is making alot of so-called smart people dumb.
OUCH
over the past year? They are getting murdered in these two stocks. Goes to show that Wall Street is making alot of so-called smart people dumb.
OUCH
Quote from opt789:
This is apparently why the futures are going crazy tonight:
http://www.nytimes.com/2008/07/11/business/11fannie.html?_r=1&hp&oref=slogin
"Under a conservatorship, the shares of Fannie and Freddie would be worth little or nothing"
If our government follows through with this, every single representative voting to bail them out should be recalled.
Every last one.
They will add 5 trillion to the debt of the U.S. (taxpayers) with one fell swoop.
I have never, ever seen such utter criminality in my life.
I will personally start a recall petition, and donate and solicit funds to recall any politician that votes to allow this.
Every last one.
They will add 5 trillion to the debt of the U.S. (taxpayers) with one fell swoop.
I have never, ever seen such utter criminality in my life.
I will personally start a recall petition, and donate and solicit funds to recall any politician that votes to allow this.
Deflation is alive and well. Home prices, property prices and least we not forget the purchasing power of the greenback are all going downhill.
Credit will once again return to the real world of banking where only those that do not need credit will get some.
Recipe for stagflation which in itself is better than deflation which are are in midst of now.
SLOW, slow slow for a decade or so. Lets give the whizkids on wall street a hand for screwing things up even more than they could imagine. IDIOTS.
PS: Another sign of the times Chrysler, soon to be in the history books is offering ZERO % for 6 years on the Dodge Ram Gunboat pickemup trucks. If this will not move the "IRON" off the showroom floor you might go to flea mkts and pick one up.
Credit will once again return to the real world of banking where only those that do not need credit will get some.
Recipe for stagflation which in itself is better than deflation which are are in midst of now.
SLOW, slow slow for a decade or so. Lets give the whizkids on wall street a hand for screwing things up even more than they could imagine. IDIOTS.
PS: Another sign of the times Chrysler, soon to be in the history books is offering ZERO % for 6 years on the Dodge Ram Gunboat pickemup trucks. If this will not move the "IRON" off the showroom floor you might go to flea mkts and pick one up.
The fed should just buy out every bank and call it a day, the collapse is happening at this very moment, if FNM and FRE are being taken over by the government then this is the just the beginning. Funny how just 1-2 months ago we were in the late stages of this credit crisis when in reality its just the beginning, no one will believe that its going to take many years for this to unfold. Next thing to start worrying about is credit card debt, nearly $1 Trillion worth and the derivative market, if these 2 start to unwind you will be looking at market levels 50% lower from yesterdays close.