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Bank Failures, the FDIC, and Fannie and Freddie

|Includes:FMCC, Fannie Mae (FNMA), SPY
ValuEngine’s “Four In Four”
Featuring Richard Suttmeier, Chief Market Strategist http://www.valuengine.com/pub/main?p=5 Welcome to ValuEngine’s “Four In Four”. I’m Richard Suttmeier, Chief Market Strategist.Bank Failure Friday adds seven with more to come. The FDIC will struggle with future failures. Fannie Mae and Freddie Mac expand, but must contract in 2010. The daily chart for the S&P 500 remains overbought.The FDIC closed another seven small banks on Friday. The FDIC is between a rock and a hard place with regard to handing future bank failures.  My update on Fannie Mae and Freddie Mac - the biggest costs to US taxpayers The daily chart for the S&P 500. For more information on our products and services visit www.ValuEngine.com
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Stocks: FNMA, FMCC, SPY