Anyone considering Buying FNM now?

[capeman]

Their accounting includes massive fraud and 200:1 leverage and the government may have to step in to backstop. This company is an eventual ZERO and the only buying I’d do is in leap puts. There is no way that shareholder equity survives in the long term.

[temeculaguy]

I agree with capeman and others, something stinks in denmark. Avoid it, too many variables, shareholders are of little concern to the gov’t and they will be the first to be wiped out when it reorganizes. A real bank would wipe out the fb’s before the shareholders but not this one. They recently released statements to the press that they would dump their inventory, I fear the math will get ugly when they do. They may also be forced to take losses to appease the politicos even if it means losing even more money.

[temeculaguy]

I agree with capeman and others, something stinks in denmark. Avoid it, too many variables, shareholders are of little concern to the gov’t and they will be the first to be wiped out when it reorganizes. A real bank would wipe out the fb’s before the shareholders but not this one. They recently released statements to the press that they would dump their inventory, I fear the math will get ugly when they do. They may also be forced to take losses to appease the politicos even if it means losing even more money.

[temeculaguy]

I agree with capeman and others, something stinks in denmark. Avoid it, too many variables, shareholders are of little concern to the gov’t and they will be the first to be wiped out when it reorganizes. A real bank would wipe out the fb’s before the shareholders but not this one. They recently released statements to the press that they would dump their inventory, I fear the math will get ugly when they do. They may also be forced to take losses to appease the politicos even if it means losing even more money.

[temeculaguy]

I agree with capeman and others, something stinks in denmark. Avoid it, too many variables, shareholders are of little concern to the gov’t and they will be the first to be wiped out when it reorganizes. A real bank would wipe out the fb’s before the shareholders but not this one. They recently released statements to the press that they would dump their inventory, I fear the math will get ugly when they do. They may also be forced to take losses to appease the politicos even if it means losing even more money.

[temeculaguy]

I agree with capeman and others, something stinks in denmark. Avoid it, too many variables, shareholders are of little concern to the gov’t and they will be the first to be wiped out when it reorganizes. A real bank would wipe out the fb’s before the shareholders but not this one. They recently released statements to the press that they would dump their inventory, I fear the math will get ugly when they do. They may also be forced to take losses to appease the politicos even if it means losing even more money.

[NotCranky]

Thanks for posting. This is a first.. no contrarian posts on a Pigg thread.
A friend of mine is considering buying.He ususally makes smart moves. Pretty much has made up his mind. He thinks he will get in later in the year,catching a dip on selling for taking 2008 losses. He obviously does not believe FNM will go bellyup. He is looking at at least a two to three year hold and maybe longer.

[NotCranky]

Thanks for posting. This is a first.. no contrarian posts on a Pigg thread.
A friend of mine is considering buying.He ususally makes smart moves. Pretty much has made up his mind. He thinks he will get in later in the year,catching a dip on selling for taking 2008 losses. He obviously does not believe FNM will go bellyup. He is looking at at least a two to three year hold and maybe longer.

[NotCranky]

Thanks for posting. This is a first.. no contrarian posts on a Pigg thread.
A friend of mine is considering buying.He ususally makes smart moves. Pretty much has made up his mind. He thinks he will get in later in the year,catching a dip on selling for taking 2008 losses. He obviously does not believe FNM will go bellyup. He is looking at at least a two to three year hold and maybe longer.

[NotCranky]

Thanks for posting. This is a first.. no contrarian posts on a Pigg thread.
A friend of mine is considering buying.He ususally makes smart moves. Pretty much has made up his mind. He thinks he will get in later in the year,catching a dip on selling for taking 2008 losses. He obviously does not believe FNM will go bellyup. He is looking at at least a two to three year hold and maybe longer.

[NotCranky]

Thanks for posting. This is a first.. no contrarian posts on a Pigg thread.
A friend of mine is considering buying.He ususally makes smart moves. Pretty much has made up his mind. He thinks he will get in later in the year,catching a dip on selling for taking 2008 losses. He obviously does not believe FNM will go bellyup. He is looking at at least a two to three year hold and maybe longer.

[paranoid]

Rustico, I have been watching FNM and FRE closely. There will be many opportunities to make money from it. they will remanin very volatile and you need to be agile with strict stop-loss. Blood is in the street. there may be more coming. But that’s when you can make some easy money.

[paranoid]

Rustico, I have been watching FNM and FRE closely. There will be many opportunities to make money from it. they will remanin very volatile and you need to be agile with strict stop-loss. Blood is in the street. there may be more coming. But that’s when you can make some easy money.

[paranoid]

Rustico, I have been watching FNM and FRE closely. There will be many opportunities to make money from it. they will remanin very volatile and you need to be agile with strict stop-loss. Blood is in the street. there may be more coming. But that’s when you can make some easy money.

[paranoid]

Rustico, I have been watching FNM and FRE closely. There will be many opportunities to make money from it. they will remanin very volatile and you need to be agile with strict stop-loss. Blood is in the street. there may be more coming. But that’s when you can make some easy money.

[Author]

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