rigel

The Case for Wiping Out Fannie and Freddie Shareholders

Waverly, given the volume on Fannie's stock recently, only truly stubborn investors lost 80% of their wealth. Instead, bottom fishers came in a various (wrong) points. So do *you* believe that the bottom fishers should be rewarded by a government bailout that doesn't wipe out their equity? Taking away the last few dollars does teach them a lesson: don't expect privatization of profit and socialization of loss.