Buffet: “GAME OVER” for Freddie and Fannie

[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.

[Arraya]

The US economy is today kept -barely- alive by incest, moral hazard and creative accounting. It won’t be much longer, it’s heading for the center of the sun.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

[Arraya]

The US economy is today kept -barely- alive by incest, moral hazard and creative accounting. It won’t be much longer, it’s heading for the center of the sun.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

[Arraya]

The US economy is today kept -barely- alive by incest, moral hazard and creative accounting. It won’t be much longer, it’s heading for the center of the sun.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

[Arraya]

The US economy is today kept -barely- alive by incest, moral hazard and creative accounting. It won’t be much longer, it’s heading for the center of the sun.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

[Arraya]

The US economy is today kept -barely- alive by incest, moral hazard and creative accounting. It won’t be much longer, it’s heading for the center of the sun.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

[kewp]

Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

Uh, given the amount of leverage involved, I expect they all might implode.

[kewp]

Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

Uh, given the amount of leverage involved, I expect they all might implode.

[kewp]

Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

Uh, given the amount of leverage involved, I expect they all might implode.

[kewp]

Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

Uh, given the amount of leverage involved, I expect they all might implode.

[kewp]

Unless some major PMI providers implode, talking about nationalization of fannie/freddie is premature.

Uh, given the amount of leverage involved, I expect they all might implode.

[KIBU]

They will throw every trick of the trade they can to keep the 2 GSE alive. There will be more significant ways attempting to save these 2 much much before they will ever let “nationalization” occur. The stake is too, too high.

I don’t believe that we will see “nationalization” of these 2 GSE happens. Many things in between will be tried.

[KIBU]

They will throw every trick of the trade they can to keep the 2 GSE alive. There will be more significant ways attempting to save these 2 much much before they will ever let “nationalization” occur. The stake is too, too high.

I don’t believe that we will see “nationalization” of these 2 GSE happens. Many things in between will be tried.

[KIBU]

They will throw every trick of the trade they can to keep the 2 GSE alive. There will be more significant ways attempting to save these 2 much much before they will ever let “nationalization” occur. The stake is too, too high.

I don’t believe that we will see “nationalization” of these 2 GSE happens. Many things in between will be tried.

[KIBU]

They will throw every trick of the trade they can to keep the 2 GSE alive. There will be more significant ways attempting to save these 2 much much before they will ever let “nationalization” occur. The stake is too, too high.

I don’t believe that we will see “nationalization” of these 2 GSE happens. Many things in between will be tried.

[Author]

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