Fannie Mae Freddie Mac Bailout
September 5, 2008 7:35 PM Subscribe
This post was deleted for the following reason: deleted until interest rates improve and/or bailouts happen -- mathowie
Hmm, I was wondering when this would get posted. The stock boards are pretty entertaining:
posted by delmoi at 7:44 PM on September 5, 2008
Prefered stock holding is growing. If you have some money to invest, today is the right time to get into FRE and FNM.Of course, preferred stock holders won't actually get wiped out, just the common stock holders. That was posted on monday.
MY RATING ON FRE AND FNM: 4 STARS AND STRONG BUY.
If you invest at this level, you can guarantee at least a 30% return on your investment by week end. How did I come up with this number, Both stocks are almost 40% under their pricing since this Baron article came out and the shorts took controls. After one week of
sound review of all the data, the evidence indicates both will be able to regain their last pricing before the break away uptick coming next week. I believe the negative cloud that stings these stocks will soon pass and the sun will shine again. BUY, BUY, BUY
posted by delmoi at 7:44 PM on September 5, 2008
It's not a bailout, by the way. Common stock holders are getting wiped out, and the board is getting fired.
posted by delmoi at 7:46 PM on September 5, 2008
posted by delmoi at 7:46 PM on September 5, 2008
You could just flag it and move on.
posted by Homeskillet Freshy Fresh at 7:46 PM on September 5, 2008
posted by Homeskillet Freshy Fresh at 7:46 PM on September 5, 2008
I flagged it, I flagged it. Someone please do a better post.
posted by yhbc at 7:47 PM on September 5, 2008
posted by yhbc at 7:47 PM on September 5, 2008
Well, on the bright side, there is a precedent.
On the downside, Britain is facing its worst economy in 60 years.
And the US Presidential candidates are apparently avoiding this discussion like the plague.
Ironically, the S&P500 is outperforming the MSCI, the FTSE, the Bovespa, the Nikkei, and other world indexes, suggesting that our misery is taking down the rest of the world.
And, oh yeah, the dollar has gained on the Euro and Pound in record fashion over the last couple of months, to the chagrin of US exporters, meaning that any sort of export-driven GDP growth just went out the window.
Fascinating times we live in.
posted by SeizeTheDay at 7:52 PM on September 5, 2008
On the downside, Britain is facing its worst economy in 60 years.
And the US Presidential candidates are apparently avoiding this discussion like the plague.
Ironically, the S&P500 is outperforming the MSCI, the FTSE, the Bovespa, the Nikkei, and other world indexes, suggesting that our misery is taking down the rest of the world.
And, oh yeah, the dollar has gained on the Euro and Pound in record fashion over the last couple of months, to the chagrin of US exporters, meaning that any sort of export-driven GDP growth just went out the window.
Fascinating times we live in.
posted by SeizeTheDay at 7:52 PM on September 5, 2008
Wow, the value of the value of the british pound is off by 9% this month.
posted by delmoi at 7:55 PM on September 5, 2008
posted by delmoi at 7:55 PM on September 5, 2008
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Love,
yhbc
posted by yhbc at 7:40 PM on September 5, 2008