Buffet: “GAME OVER” for Freddie and Fannie

[kev374]

Warren Buffet mentioned that these two companies have “no net worth” and will require a government bailout shortly. Meanwhile FRE is now in the $2.x range with an intra day low of $2.52 so far.

http://www.iht.com/articles/2008/08/22/business/22warren.php

[Diego Mamani]

Thanks for sharing. I found the full transcript elsewhere. When asked whether he thought that sovereign funds were “dumb money,” he replied “er… let’s say ‘innocent money’.”

Priceless.

Some news reports quoted the “innocent money” remark out of context and it was hard to figure out what WB meant. He’s right, of course.

[Diego Mamani]

Thanks for sharing. I found the full transcript elsewhere. When asked whether he thought that sovereign funds were “dumb money,” he replied “er… let’s say ‘innocent money’.”

Priceless.

Some news reports quoted the “innocent money” remark out of context and it was hard to figure out what WB meant. He’s right, of course.

[Diego Mamani]

Thanks for sharing. I found the full transcript elsewhere. When asked whether he thought that sovereign funds were “dumb money,” he replied “er… let’s say ‘innocent money’.”

Priceless.

Some news reports quoted the “innocent money” remark out of context and it was hard to figure out what WB meant. He’s right, of course.

[Diego Mamani]

Thanks for sharing. I found the full transcript elsewhere. When asked whether he thought that sovereign funds were “dumb money,” he replied “er… let’s say ‘innocent money’.”

Priceless.

Some news reports quoted the “innocent money” remark out of context and it was hard to figure out what WB meant. He’s right, of course.

[Diego Mamani]

Thanks for sharing. I found the full transcript elsewhere. When asked whether he thought that sovereign funds were “dumb money,” he replied “er… let’s say ‘innocent money’.”

Priceless.

Some news reports quoted the “innocent money” remark out of context and it was hard to figure out what WB meant. He’s right, of course.

[Eugene]

I predict that, 6 months from now, Buffett will own the controlling stake in FNM.

You beat them when they’re down, then, when there’s blood in the streets, you swoop in and start buying.

[Eugene]

I predict that, 6 months from now, Buffett will own the controlling stake in FNM.

You beat them when they’re down, then, when there’s blood in the streets, you swoop in and start buying.

[Eugene]

I predict that, 6 months from now, Buffett will own the controlling stake in FNM.

You beat them when they’re down, then, when there’s blood in the streets, you swoop in and start buying.

[Eugene]

I predict that, 6 months from now, Buffett will own the controlling stake in FNM.

You beat them when they’re down, then, when there’s blood in the streets, you swoop in and start buying.

[Eugene]

I predict that, 6 months from now, Buffett will own the controlling stake in FNM.

You beat them when they’re down, then, when there’s blood in the streets, you swoop in and start buying.

[Diego Mamani]

I think that in 6 months, or less, Freddie and Fannie will be nationalized. The shareholders will be wiped out, but the taxpayer will be left holding the bag (i.e., the billions in paper guaranteed by these two monsters will essentially become part of the national debt, although Uncle Sam will resort to semantics and creative accounting to say otherwise).

The war on savers and the war on the dollar will keep going at full steam. There’s simply too much political pressure not to bail out FBs and FLs by inflating the problem away. And this will probably happen regardless of who takes office in January.

[Diego Mamani]

I think that in 6 months, or less, Freddie and Fannie will be nationalized. The shareholders will be wiped out, but the taxpayer will be left holding the bag (i.e., the billions in paper guaranteed by these two monsters will essentially become part of the national debt, although Uncle Sam will resort to semantics and creative accounting to say otherwise).

The war on savers and the war on the dollar will keep going at full steam. There’s simply too much political pressure not to bail out FBs and FLs by inflating the problem away. And this will probably happen regardless of who takes office in January.

[Diego Mamani]

I think that in 6 months, or less, Freddie and Fannie will be nationalized. The shareholders will be wiped out, but the taxpayer will be left holding the bag (i.e., the billions in paper guaranteed by these two monsters will essentially become part of the national debt, although Uncle Sam will resort to semantics and creative accounting to say otherwise).

The war on savers and the war on the dollar will keep going at full steam. There’s simply too much political pressure not to bail out FBs and FLs by inflating the problem away. And this will probably happen regardless of who takes office in January.

[Diego Mamani]

I think that in 6 months, or less, Freddie and Fannie will be nationalized. The shareholders will be wiped out, but the taxpayer will be left holding the bag (i.e., the billions in paper guaranteed by these two monsters will essentially become part of the national debt, although Uncle Sam will resort to semantics and creative accounting to say otherwise).

The war on savers and the war on the dollar will keep going at full steam. There’s simply too much political pressure not to bail out FBs and FLs by inflating the problem away. And this will probably happen regardless of who takes office in January.

[Author]

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