HedgeTruth

Fannie May Fail - Barron's

kilroy...can you read...or do you even read...??

fannie common is headed to zero and you think it's cheap at $22...

was that a joke..?..

Fannie May Fail - Barron's

i think the real question is whether the us govt. can AFFORD a bailout of fannie...

this whole mess is still just getting started...i think this week will bring carnage like we have never before seen...

bear stearns is insolvent...

lehman is close...

fannie and freddie common are both going to ZERO...

and commercial banks wamu, wells fargo, national city and several others are headed to ZERO...

there is a reuters story out saying that investment banks could LOSE $325 billion MORE from loans they made to hedge funds...

this has not been factored into anybody's models yet...