Jake Blues

The Fannie and Freddie Anomaly

Just because Fannie and Freddie are worth zero right now doesn't mean that the stock is going to go to zero. If that was the case there would be no airline stocks.

FHFA Five Year Plan: Where's the Exit Strategy for American Taxpayers?

On Jul 10 12:35 PM Bruce Krasting wrote:

> Jake: There are no shareholders. This stuff is trading at 50cent
> because there are so many shorts that can't cover at these prices.
> That will work itself out. The stock is worthless. There is no upside
> to it.
>

I ask because I'm a shareholder. I've been holding since $1.15 and was too stubborn to take my losses when it crossed back over $1 several months ago. I bought this with a long term perspective, but I'm starting to come around to the fact that there may not be a long term. Within a month, FNM will either reverse split or be de-listed and I don't want to be a holder when it happens. I will spend the weekend trying to determine if there is anyway it can make a run to .60-.70 so my loss isn't so devastating. If not, I'll take my punishment on Monday.

Thanks for the reply.

FHFA Five Year Plan: Where's the Exit Strategy for American Taxpayers?

Adam855-

And what of the shareholders in such a scenario?

10 Top Dividend Stocks of the S&P 500

>>>Yep - until Obama (God forbid) gets his dumbass in the WH.


I heard the same nonsense before Bill Clinton was elected. The result? The best economy this country has ever seen. George Bush has destroyed this economy and increased the national debt by over 50% as he borrows $200 million a day to pay for his wars.

I, for one, am looking forward to the day when Obama takes the oath of office and GWB and his cronies are sent packing.