monk

Support for Freddie - Fast Money Recap (8/20/08)

FRE FNM is the most manipulated story ever told!

FRE and FNM have been technically insolvent for years. Gross is now all the sudden piping up? and Greenspan (who now works for PIMCO) also pushing for Nationalization!?!

They are simply Seizing an opportunity to talk PIMCO's book. Gross push's the public opinion to panic, FRE and FNM get nationalized and PIMCO makes BILLIONS on a massive spread tightening.

Anyone out there do an honest days work?

Meanwhile the financials get pummeled and sentiment goes south.