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I Am A Concerned Citizen As Well As A Manufacturing Engineer Heavily Involved In Distressed Real Estate. Points To Ponder: Debate Is The Distillation Of Reality. Reality Will Be Reality Whether Believed In Or Not. Pretending In Dire Circumstance Usually Results In Catastrophe. Complexity Favors... More
  • "Derivatives" About To Come Back To The Headlines 0 comments
    Nov 7, 2009 12:09 AM | about stocks: FRE, FNM
    Dumping Trillions Buys Time - but when ill invested => does nothing toward remedy.

    Holy Crap: 2009 3RDQTR Freddie Mac 18.9 Billion Dollar Loss and Fannie May 5 Billion dollar Loss and ...


    "... the government, which forced the company and Fannie Mae into conservatorship in September 2008.

    Freddie Mac has taken $51.7 billion since then while Fannie Mae's draw will rise to $60.9 billion.

    For Freddie Mac, "the positive net worth without the help from the Treasury is significant, but it is too early to say whether an end to conservatorship is ahead," Rao said.

    Starting in 2010, the company will begin accounting for $1.8 trillion in mortgage-backed securities it guarantees on its balance sheet to meet new guidelines. This will increase interest income and interest expenses, and could have a significant negative impact on net worth, it said."

    finance.yahoo.com/news/Freddie-Mac-posts-5-billion-rb-3083454207.html

    When The Pretend Ends => Things Will Not Be Hidden So Easily By "Free Money".


    Themes: Fannie Mae, Freddie Mac, Derivatives, Investment Vehicle Stocks: FRE, FNM
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