Andy May

The Fannie and Freddie Apocalypse Trade

Pretty simple. The lack of regulation on banks makes me ill. The fact that the U.S. govt. is the largest owner of assets in the U.S. and the largest mortgage player and the largest everything is sad. We teach our kids that we're capitalists. We're not. We're really politicos looking for ways to make $200 million a year like Angelo. Way to go Angelo. I hope you're able to take the money with you. 1987 was way worse. Let's not forget that the market was down 35% in 2 days. The market is only have 12% thus far. Bush needs to resign. His speach was pathetic.