Fannie & Freddie Back-Stopped!

Possible reasons why the stocks have not fallen much in after hours:

(1) Specific details of bailout unknown.
("creative use of Treasury's new authority to make a capital injection")

(2) FRE and FNM bailout is just a rumour at this stage, and not confirmed.

(3) Blind hope that the shares may have value.

Does anyone else have any additional ideas?
 
traders trying to get out by bidding up prices with a small amount of shares, uninformed dumb fucks chasing the stock price up while the traders get out lmao
 
If they have to bailout these companies they know something is very wrong and that if proper steps are not taken now its going to get even worse over the next 2-3 years as foreclosures skyrocket and ARMS continue to reset into 2010. How many more billions of writedowns are coming???

:p :p :p :p
 
Quote from m22au:

Possible reasons why the stocks have not fallen much in after hours:

(1) Specific details of bailout unknown.
("creative use of Treasury's new authority to make a capital injection")

(2) FRE and FNM bailout is just a rumour at this stage, and not confirmed.

(3) Blind hope that the shares may have value.

Does anyone else have any additional ideas?
More...

or (4) it was already expected and priced in to a great extent
 
I take your point, but I am thinking of a "value" closer to zero.

The current market cap of these companies is measured in billions, yet on Monday they could be both worth zero.

Quote from theboxer:

or (4) it was already expected and priced in to a great extent
More...
 
Quote from m22au:

I take your point, but I am thinking of a "value" closer to zero.

The current market cap of these companies is measured in billions, yet on Monday they could be both worth zero.
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True.
 
In addition to the initial spike upwards, I'm also surprised that volume isn't higher in the stocks.

I can only think that a lot of people went home / are on vacation and aren't aware of the news.
 
Quote from rodmike9:

Last week, Treasury Secretary Henry Paulson promised that terms and conditions of the package would "protect the taxpayer...
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Hahahahahaha... Good One.
 
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