Buffet: “GAME OVER” for Freddie and Fannie

[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.

[peterb]

the Asians own way too much GSE debt for the Fed to let them implode. Shareholders will be killed, but the debt will be serviced to keep our biggest lenders happy or at least not pissed-off at us.

[peterb]

the Asians own way too much GSE debt for the Fed to let them implode. Shareholders will be killed, but the debt will be serviced to keep our biggest lenders happy or at least not pissed-off at us.

[peterb]

the Asians own way too much GSE debt for the Fed to let them implode. Shareholders will be killed, but the debt will be serviced to keep our biggest lenders happy or at least not pissed-off at us.

[peterb]

the Asians own way too much GSE debt for the Fed to let them implode. Shareholders will be killed, but the debt will be serviced to keep our biggest lenders happy or at least not pissed-off at us.

[peterb]

the Asians own way too much GSE debt for the Fed to let them implode. Shareholders will be killed, but the debt will be serviced to keep our biggest lenders happy or at least not pissed-off at us.

[Sandi Egan]

[quote=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).[/quote]

There is “nationalized” and then there “Bear Stearns way”, when taxpayers pay the bills but somebody else owns what’s left of the beat company.

[Sandi Egan]

[quote=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).[/quote]

There is “nationalized” and then there “Bear Stearns way”, when taxpayers pay the bills but somebody else owns what’s left of the beat company.

[Sandi Egan]

[quote=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).[/quote]

There is “nationalized” and then there “Bear Stearns way”, when taxpayers pay the bills but somebody else owns what’s left of the beat company.

[Sandi Egan]

[quote=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).[/quote]

There is “nationalized” and then there “Bear Stearns way”, when taxpayers pay the bills but somebody else owns what’s left of the beat company.

[Sandi Egan]

[quote=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).[/quote]

There is “nationalized” and then there “Bear Stearns way”, when taxpayers pay the bills but somebody else owns what’s left of the beat company.

[Eugene]

I still feel that the whole thing is vastly overblown and 0.7% delinquency rate among non-credit-enhanced mortgages does not qualify as “GAME OVER”. Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

[Eugene]

I still feel that the whole thing is vastly overblown and 0.7% delinquency rate among non-credit-enhanced mortgages does not qualify as “GAME OVER”. Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

[Eugene]

I still feel that the whole thing is vastly overblown and 0.7% delinquency rate among non-credit-enhanced mortgages does not qualify as “GAME OVER”. Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

[Eugene]

I still feel that the whole thing is vastly overblown and 0.7% delinquency rate among non-credit-enhanced mortgages does not qualify as “GAME OVER”. Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

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