Gary Lucido

Fannie, Freddie Bailout To Wipe Out Equity Holders?

If the government is going to provide capital that raises the value of the company then the government needs to make sure that they get 100% of that incremental value. If that ends up wiping out shareholders then so be it.

Just How Terrible Is Housing as an Asset Class? Roubini Weighs In

The idea that a home is a great investment is one of these myths propagated by the government and the real estate industry. The government has a vested interest in people owning homes because people who own homes don't launch a revolution against the government. In case you are interested I did a post a while back on housing prices in Chicago (where I live) and what has really happened with them. It's just not a great investment. The story is the same for other cities as well.
blog.lucidrealty.com/2.../

Historic Financial Collapse Underway?

I completely agree with everything you say. What I don't understand is why the GSE's stock is going up right now. I've been buying puts.