Okay, at least now the mainstream media is taking note of this, but…WTF? Investors know this company is going to zero, but they’re willing to throw tons of cash at it? When it has no future??
Truly, we are living in the most manipulated zombie economy in human history.
“Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.
Shares of the two mortgage giants and the insurer have been swept up in a summer rally in financial stocks. Investors have been trading their shares at abnormally high volumes, despite analysts’ warnings that they’re destined to lose their money.
“People have done well by trading them (in the short term), but when it gets to the end of the road, these stocks are going to be worth zero.”
