wobatus

Global Growth At Risk; Eye on Joy Global, Terex, Pan American Silver, Dryships, Fluor

Why is the dollar rallying if what you say is true?

A private speculators? Please, Fannie and Freddie common was owned by mom and pops for divvies. Individually or through funds. And the bonds were owned by Pimco, banks and foreign governments. They are getting bailed. The taxpayers, some of them, got cheap mortgagaes due to the implied, now explicit, government backing. Supposedly.

Sure, it all sucks, but the speculators who caused this mess are more likely the commodity funds now selling like mad, looking for the next "bull" market, which is, today, shorting commodities. Hedge funds cause this rapid fire rise and decline. And wall street's structured mortgage products screwed all of us as well. 100 billion or 2 or 3 for fannie bailout is actually chickenfeed compared to the hedge fund dislocations and ruin of our markets. Long term'ism is being destroyed by these jerks.