madasiwannabe

Ten Banks That Will Be Hurt by the Takeover of Fannie and Freddie

The government has warrants, not stocks. The treasury has said they have no plan to exercise the warrants. What is the real book value? Exactly... no one knows. Until that's figured out, everyone is just speculating what will happen to both the common and preferred stocks.

Mortgage rates are tied to the 10 year T-bill. Current rate plus 2.5%. With the fed just maxing out the credit cards, the T-bill rate is going up not down. No good news for the markets here.