Great plan......until they re-nationalize them both and wipe out all stock holder equity. What do they care? Those "rich people" own the stock and the next administration and congress certainly will not be friendly towards that segment.
I believe a former democrat treasury secretary was out touting doing just this yesterday.
Fannie & Freddie: Myth vs. Reality, Part 2 [View article]
Long FNM and FRE? What a shocker he'd reach these "conclusions". Sounds like someone's trying to spin a silk purse out of a sow's ear.
Too bad Jim Rogers and Peter Schiff and other heavyweights saw this coming a mile away. Schiff was saying they'd go bankrupt 2 years ago.
Too bad this writer doesn't seem to have a problem with socializing risk via inflation and govn't involvement in private companies so that rich people can keep their private jets. So what if the little people can't afford food or fuel, right?
Fannie & Freddie Are Here to Stay [View article]
I believe a former democrat treasury secretary was out touting doing just this yesterday.
Fannie & Freddie: Myth vs. Reality, Part 2 [View article]
Too bad Jim Rogers and Peter Schiff and other heavyweights saw this coming a mile away. Schiff was saying they'd go bankrupt 2 years ago.
Too bad this writer doesn't seem to have a problem with socializing risk via inflation and govn't involvement in private companies so that rich people can keep their private jets. So what if the little people can't afford food or fuel, right?