Quote from S2007S:
At this point I don't think you can value these companies. FRE and FNM are sitting as penny stocks right now, they were $70 dollar stocks worth tens of billions, today almost worthless. Do you really think someone is going to pay more than 5 bucks a share. There is no trust left within these companies anymore. The risk they took at the shareholders expense was pathetic. Every one of these firms was filled with greed. How they can be bailed out and helped out by the backing of our tax dollars and help from wallstreet is beyond me. Where is the free market.
