streetwise

Nationalizing Fannie and Freddie: Latest Move in the Housing Crisis

the question now is how safe is it to hold equity in cos of similar significance and government interest ? isn't it likely that they too could be stripped of their rights as shareholders to protect the chinas and the pimcos? certainly paulson has learnt a lesson fron the bear stearns collapse ... if the shareholders are not going to have a say, no one can challenge the decisions announced this sun

Bill Gross: 'Pick Me! Pick Me!'

When we go deep into the ownership of the bonds/equity/preferred shares of Freddie and Fannie we realise that the average person on the street is not going to get a bailout ... the tax payer pays for the mistakes of the corporation