specterchaos

Fannie and Freddie Can't Sell Their Debt

Ho hum, another day, another scare story to keep small investors from buying FRE and FNM at firesale prices. The conspiracy of the year.

Witnessing the Biggest Transfer of Wealth in History

What we are witnessing is not the biggest transfer of wealth in history but the biggest conspiracy of misinformation ever.
For example, almost ever media entity, including this one, has been stating with almost absolute certainty that the GSEs (Fannie and Freddie)
will be privatized. They have contributed greatly to the crashing prices of FNM and FRE and almost everyone is now afraid to buy them at bargain basement prices. Members of the Wall Street, news media, and Washington club (i.e., Buffet, Paulson, Goldman Sachs, etc) are in my opinion the buyers of these shares being literally thrown out the window. Has anyone done any real homework here? There is no current liquidity issue at Freddie or Fannie. Not even close yet.
This bombardment of BS about nationalization of GSEs is one of the biggest scams I have ever seen.