Fed to Rescue Fannie Mae, Freddie Mac

[DWCAP]

It doesnt really matter, cause itll do the exact opposit the next day. Up Monday by 150, down Tuesday by 149, or down Monday 150, then down Tuesday by 149. Big whoop. The overall bias will be down till we solve this bank implosion buisness.

[Eugene]

I think it will go up. The announcement is basically that they will bail out Fannie/Freddie if such a need arises, but at the same time they deny that there are any major problems with two companies.

Of course I’m biased (I’m long FNM, entered at $10) but we’ll see. If it drops to 5, I’ll double down.

P.S. Asian markets are sideways, European markets are up. DAX and FTSE are generally well correlated with Dow, they are up 1.1% – 1.3% right now.

[Eugene]

I think it will go up. The announcement is basically that they will bail out Fannie/Freddie if such a need arises, but at the same time they deny that there are any major problems with two companies.

Of course I’m biased (I’m long FNM, entered at $10) but we’ll see. If it drops to 5, I’ll double down.

P.S. Asian markets are sideways, European markets are up. DAX and FTSE are generally well correlated with Dow, they are up 1.1% – 1.3% right now.

[Eugene]

I think it will go up. The announcement is basically that they will bail out Fannie/Freddie if such a need arises, but at the same time they deny that there are any major problems with two companies.

Of course I’m biased (I’m long FNM, entered at $10) but we’ll see. If it drops to 5, I’ll double down.

P.S. Asian markets are sideways, European markets are up. DAX and FTSE are generally well correlated with Dow, they are up 1.1% – 1.3% right now.

[Eugene]

I think it will go up. The announcement is basically that they will bail out Fannie/Freddie if such a need arises, but at the same time they deny that there are any major problems with two companies.

Of course I’m biased (I’m long FNM, entered at $10) but we’ll see. If it drops to 5, I’ll double down.

P.S. Asian markets are sideways, European markets are up. DAX and FTSE are generally well correlated with Dow, they are up 1.1% – 1.3% right now.

[Eugene]

I think it will go up. The announcement is basically that they will bail out Fannie/Freddie if such a need arises, but at the same time they deny that there are any major problems with two companies.

Of course I’m biased (I’m long FNM, entered at $10) but we’ll see. If it drops to 5, I’ll double down.

P.S. Asian markets are sideways, European markets are up. DAX and FTSE are generally well correlated with Dow, they are up 1.1% – 1.3% right now.

[Coronita]

Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”

[Coronita]

Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”

[Coronita]

Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”

[Coronita]

Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”

[Coronita]

Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”

[svelte]

So…why the difference in reaction on this board? When Congress was trying to assist the homeowner, everyone was up in arms and had smoke coming out their ears.

But when the Treasury Secretary outlines steps to prop up Fannie and Freddie or the Fed steps in to take over Indymac, not a peep out of the Hogs and Hogville – only guesses as to who is next.

Quite a difference in reactions. Somebody explain that to me.

[svelte]

So…why the difference in reaction on this board? When Congress was trying to assist the homeowner, everyone was up in arms and had smoke coming out their ears.

But when the Treasury Secretary outlines steps to prop up Fannie and Freddie or the Fed steps in to take over Indymac, not a peep out of the Hogs and Hogville – only guesses as to who is next.

Quite a difference in reactions. Somebody explain that to me.

[svelte]

So…why the difference in reaction on this board? When Congress was trying to assist the homeowner, everyone was up in arms and had smoke coming out their ears.

But when the Treasury Secretary outlines steps to prop up Fannie and Freddie or the Fed steps in to take over Indymac, not a peep out of the Hogs and Hogville – only guesses as to who is next.

Quite a difference in reactions. Somebody explain that to me.

[svelte]

So…why the difference in reaction on this board? When Congress was trying to assist the homeowner, everyone was up in arms and had smoke coming out their ears.

But when the Treasury Secretary outlines steps to prop up Fannie and Freddie or the Fed steps in to take over Indymac, not a peep out of the Hogs and Hogville – only guesses as to who is next.

Quite a difference in reactions. Somebody explain that to me.

[Author]

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