Foney and Fraudie

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Submitted by gdcox on August 18, 2008 - 7:15am

Can anyone work out why these stocks have any value in the market. Are they not a howling short opportunity or have I missed something.

‹ surveyor's ROI spreadsheet Investing in foreclosures ›
Fannie, Freddie, and Bernie
Submitted by pencilneck on August 18, 2008 - 8:17am.

Fannie, Freddie, and Bernie Mac are toast.

But then again, I may have missed something.

pssssssst It's all a game And
Submitted by Enorah on August 18, 2008 - 8:26am.

pssssssst

It's all a game

And the game's been fixed

Because the US government in
Submitted by cooprider on August 18, 2008 - 12:49pm.

Because the US government in charge of fixing the housing crisis just set aside $800 Billion in money we don't have to guarantee the inflated value of toilet paper in the form of $5 Trillion in mortgages.

Do the math, and you could say they expect up to 1/5 of the mortgages they own to fail, but that's okay, the US taxpayer will guarantee them anyway.

Congrats, we are now on the hook for reckless investments into subprime mortgages by F&F's biggest investor - China.

You don't want to short a
Submitted by jficquette on August 18, 2008 - 3:39pm.

You don't want to short a stock thats only $6 even something like a FNM that appears to be history. Too much risk. Anything can happen. Carl Ichan could make an offer lol, you never know.

John

If it is worth ZERO, no one
Submitted by Arty on August 18, 2008 - 9:36pm.

If it is worth ZERO, no one especially someone made billions will be stupid enough to buy it.

http://www.ft.com/cms/s/0/01a
Submitted by gdcox on August 19, 2008 - 12:13am.

http://www.ft.com/cms/s/0/01a7f9b2-6d86-...

This is a good write-up.

Looks bad for fixed rate mortgage rates though.