Listen all------ buy FRE.... asap!

FNM is all good too!

Fre is my baby! Way over sold!!! Short sqeeze could take place any day now! will move higher!

Peace and stay in touch!  GLTU!!!!

The proposal to place both mortgage giants, which own or back $5.3 trillion in mortgages, into a government-run conservatorship also grew out of deep concern among foreign investors that the companies’ debt might not be repaid. Falling home prices, which are expected to lead to more defaults among the mortgages held or guaranteed by Fannie and Freddie, contributed to the urgency, regulators said.

The details of the deal have not fully emerged, but it appears that investors who own the companies’ common stock will be virtually wiped out; preferred shareholders, who have priority over other shareholders, may also wind up with little. Holders of debt, including many foreign central banks, are expected to receive government backing. Top executives of both companies will be pushed out, according to those briefed on the plan.

Quote Originally Posted by claycourtlesson:

Well, it's official, "Mommy and Daddy" had to come bail out little Fannie and Freddie for their mistakes, rather than let them take their deserved beating in the "free market."

 

How Fabulous!

 

I wonder if 5 Dimes will refund all my money taken on gambling losses this football season?  But oh yeah, I get to keep the gambling winnings.

 

Come on dont you feel better knowing this is who are govt is helping to bail out

"The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.
China owned $376 billion of debt issued by U.S. government agencies, principally Fannie and Freddie, as of mid-2007