BrunoT

Rant Anniversary - Cramer's Mad Money (8/1/08)

Has Cramer ever gotten anything right? I mean, besides the odds of winning a coin toss now and then?

All these mainstream financial news channel types do is try to foster a sense that investing is like a football game, and you MUST tune in every day to find out what down it is, where the ball is, and what the score is. So they lead idiots into making lots of short term moves. Anything to keep the fools tuning in to watch.

Fannie & Freddie Are Here to Stay

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

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?