James Quinn

The U.S. on the Precipice

The hatchet is buried. I wish this crisis wasn't happening. The greed and mismanagement of these companies infuriates me.

The U.S. on the Precipice

By the quote below, you were not insinuating that I made up the "facts"?

"Makes me wonder about all the other numbers the author has thrown out. I have never owned any FNM stock, but I was seriously considering buying it because in so many articles on this website the authors make up the "facts" to go along with their opinions."

The U.S. on the Precipice

Kinabalu

OOPs. I was quoting William Poole, if you can read. The numbers quoted tie to the fair value balance sheet. You said they were made up. They are in an SEC document. The final outcome says it all. If their balance sheet was so strong, why is the U.S. taxpayer on the hook for all of their losses now?

The U.S. on the Precipice

Kinabalu

Check out page 102 of the 10K for their fair value balance sheet to see the real numbers. I wonder why they bury it on page 102. They were insolvent when the numbers were counted the way an average person has to account for their household balance sheet.

You should have bought the stock. You could have some nice tax loss carryforwards. You're mistrusting the wrong people. It is the CEO's of these crooked institutions that you shouldn't trust.