Contact Your Senator: Say No To Fannie Bailout

[cv2]

Contact your senator today to stop the bailouts, details at

http://globaleconomicanalysis.blogspot.com/2008/07/contact-your-senator-say-no-to-fannie.html

[ucodegen]

I think the last two paragraphs of that reference say it all.

“Bernanke told lawmakers it’s ‘important’ for Fannie Mae and Freddie Mac bonds and stocks to rise…Paulson said the two companies are ‘essential’ because they represent the only “functioning” part of the home loan market.”

Check that out. Bernanke said it’s important for the stock market to rise (specifically Fannie Mae). How many mandates does the Fed have now?

Bernanke doesn’t seem to understand a basic principle that most stock investors do.. don’t catch a falling knife. It is ok to pick up the pieces after it fell.. but not while it is falling. Looks like he is planning to do this with taxpayer money too.

[ucodegen]

I think the last two paragraphs of that reference say it all.

“Bernanke told lawmakers it’s ‘important’ for Fannie Mae and Freddie Mac bonds and stocks to rise…Paulson said the two companies are ‘essential’ because they represent the only “functioning” part of the home loan market.”

Check that out. Bernanke said it’s important for the stock market to rise (specifically Fannie Mae). How many mandates does the Fed have now?

Bernanke doesn’t seem to understand a basic principle that most stock investors do.. don’t catch a falling knife. It is ok to pick up the pieces after it fell.. but not while it is falling. Looks like he is planning to do this with taxpayer money too.

[ucodegen]

I think the last two paragraphs of that reference say it all.

“Bernanke told lawmakers it’s ‘important’ for Fannie Mae and Freddie Mac bonds and stocks to rise…Paulson said the two companies are ‘essential’ because they represent the only “functioning” part of the home loan market.”

Check that out. Bernanke said it’s important for the stock market to rise (specifically Fannie Mae). How many mandates does the Fed have now?

Bernanke doesn’t seem to understand a basic principle that most stock investors do.. don’t catch a falling knife. It is ok to pick up the pieces after it fell.. but not while it is falling. Looks like he is planning to do this with taxpayer money too.

[ucodegen]

I think the last two paragraphs of that reference say it all.

“Bernanke told lawmakers it’s ‘important’ for Fannie Mae and Freddie Mac bonds and stocks to rise…Paulson said the two companies are ‘essential’ because they represent the only “functioning” part of the home loan market.”

Check that out. Bernanke said it’s important for the stock market to rise (specifically Fannie Mae). How many mandates does the Fed have now?

Bernanke doesn’t seem to understand a basic principle that most stock investors do.. don’t catch a falling knife. It is ok to pick up the pieces after it fell.. but not while it is falling. Looks like he is planning to do this with taxpayer money too.

[ucodegen]

I think the last two paragraphs of that reference say it all.

“Bernanke told lawmakers it’s ‘important’ for Fannie Mae and Freddie Mac bonds and stocks to rise…Paulson said the two companies are ‘essential’ because they represent the only “functioning” part of the home loan market.”

Check that out. Bernanke said it’s important for the stock market to rise (specifically Fannie Mae). How many mandates does the Fed have now?

Bernanke doesn’t seem to understand a basic principle that most stock investors do.. don’t catch a falling knife. It is ok to pick up the pieces after it fell.. but not while it is falling. Looks like he is planning to do this with taxpayer money too.

[bsrsharma]

Fannie Mae and Freddie Mac
End of illusions

THERE is a story about a science professor giving a public lecture on the solar system. An elderly lady interrupts to claim that, contrary to his assertions about gravity, the world travels through the universe on the back of a giant turtle. “But what supports the turtle?” retorts the professor. “You can’t trick me,” says the woman. “It’s turtles all the way down.”

The American financial system has started to look as logical as “turtles all the way down” this week. Only six months ago, politicians were counting on Fannie Mae and Freddie Mac, the country’s mortgage giants, to bolster the housing market by buying more mortgages. Now the rescuers themselves have needed rescuing….

http://www.economist.com/finance/displaystory.cfm?story_id=11751139

[bsrsharma]

Fannie Mae and Freddie Mac
End of illusions

THERE is a story about a science professor giving a public lecture on the solar system. An elderly lady interrupts to claim that, contrary to his assertions about gravity, the world travels through the universe on the back of a giant turtle. “But what supports the turtle?” retorts the professor. “You can’t trick me,” says the woman. “It’s turtles all the way down.”

The American financial system has started to look as logical as “turtles all the way down” this week. Only six months ago, politicians were counting on Fannie Mae and Freddie Mac, the country’s mortgage giants, to bolster the housing market by buying more mortgages. Now the rescuers themselves have needed rescuing….

http://www.economist.com/finance/displaystory.cfm?story_id=11751139

[bsrsharma]

Fannie Mae and Freddie Mac
End of illusions

THERE is a story about a science professor giving a public lecture on the solar system. An elderly lady interrupts to claim that, contrary to his assertions about gravity, the world travels through the universe on the back of a giant turtle. “But what supports the turtle?” retorts the professor. “You can’t trick me,” says the woman. “It’s turtles all the way down.”

The American financial system has started to look as logical as “turtles all the way down” this week. Only six months ago, politicians were counting on Fannie Mae and Freddie Mac, the country’s mortgage giants, to bolster the housing market by buying more mortgages. Now the rescuers themselves have needed rescuing….

http://www.economist.com/finance/displaystory.cfm?story_id=11751139

[bsrsharma]

Fannie Mae and Freddie Mac
End of illusions

THERE is a story about a science professor giving a public lecture on the solar system. An elderly lady interrupts to claim that, contrary to his assertions about gravity, the world travels through the universe on the back of a giant turtle. “But what supports the turtle?” retorts the professor. “You can’t trick me,” says the woman. “It’s turtles all the way down.”

The American financial system has started to look as logical as “turtles all the way down” this week. Only six months ago, politicians were counting on Fannie Mae and Freddie Mac, the country’s mortgage giants, to bolster the housing market by buying more mortgages. Now the rescuers themselves have needed rescuing….

http://www.economist.com/finance/displaystory.cfm?story_id=11751139

[bsrsharma]

Fannie Mae and Freddie Mac
End of illusions

THERE is a story about a science professor giving a public lecture on the solar system. An elderly lady interrupts to claim that, contrary to his assertions about gravity, the world travels through the universe on the back of a giant turtle. “But what supports the turtle?” retorts the professor. “You can’t trick me,” says the woman. “It’s turtles all the way down.”

The American financial system has started to look as logical as “turtles all the way down” this week. Only six months ago, politicians were counting on Fannie Mae and Freddie Mac, the country’s mortgage giants, to bolster the housing market by buying more mortgages. Now the rescuers themselves have needed rescuing….

http://www.economist.com/finance/displaystory.cfm?story_id=11751139

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