Lets see the details of the deal before we move to Canada. That FHA fb bailout turned out to be fairly shrewd, it almost amounts to loan sharking. They may just impress us and set up an eventual profit making enterprise, these companies were profitable for a long time and in the end may have a monopoly. It also might kick the one leg left in the housing bubble out from under itself, causing the air to come out rapidly. Who am I kidding, this will probably be a disaster.
One item that has me curious, the after hours stock prices were tanking yesterday, this morning they have recovered the entire loss and are up from Friday’s pre anouncement close. There’s something more to this story.
