Briggsy

Fannie and Freddie: We All Support You!

MediaGuy, this resembles a Chapter 11 in its effect for the holders of common stock. Existing equity capital is cancelled and charged off. Why did you ride the price to zero when everyone else was running for the exits? Was it because you misunderstood that the "implicit government guarantee" did NOT pertain to someone's ownership interest in the enterprise?

What Will Fannie / Freddie Mean for Monday?

You didn't mention anything about the effect of this announcement on the dollar, interest rates, and commodity prices.

Isn't the implication that the dollar will be down and that interest rates and commodity prices, including oil, will be up?