government bailout of FNM and FRE

Quote from bgp:

trendy ???? do you work for freddie or fannie??? you must have taken this info off of a government web site. if you believe all this bullshit you wrote , then you should invest in the common stock.
are you familiar with fuzzy math???

bgp :mad:
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No I do not work for them. Just went to the link and selected the "fact or fiction" options to see the answers.
 
Not far fetched at all.

In the short term, I am more concerned about the US Treasury giving the auto companies low-interest loans, with zero shareholder penalty.





Quote from CaptainObvious:

Now that we've socialized the markets, how far fetched is it to think the next government purchase will be GM?
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Quote from CoolTrader:

Could someone explain why government bailout of FNM and FRE causes their shares to plunge? Thanks.
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This probably means we need more deregulation so we can have more S&L's Long-term Cap Mgmts, Enrons, subprimes etc.

Gov't intervention only works when it's time for the public to pay up.
 
I've been wondering if they will use their control of the pursestrings to offer bailouts to individual homeowners. You know, like offer sweetheart deals to folks trapped in ARMs that want to refinance into 30 year fixed or make it super easy for people who are behind on their payments to put their default amount on the back-end of the loan?

If they did this, it would be super great for housing, IMHO.

SM
 
Quote from Eliot Hosewater:

This ought to blow the bottom out of the RE market.

Most likely mortgages will revert to 20% down, proof of income, reasonable DTI ratios, etc, you know like in the good old days.

Problem is no one will be able to qualify until prices come way down.
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Prices SHOULD come down... they were fluffed up by reckless policies, so that "air" should be let out.
 
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