blondino

Stunning Reversals: Is This a Market or a Casino?

not only are FRE/FNM getting dilluted but the whole friggin market!

Stunning Reversals: Is This a Market or a Casino?

doomsday scenario is good to scare the average hamburger-grown citizen, but koreans/chinese/russia... etc. investors are not stupid - koreans obviously carried out a due-diligence and were prudent enough to say nope. probably they're not lame enough to bail out a piece of crap until the asking price is appropriate. pay for the shiny name in the end at rock bottom price - that's my bet.


Breaking news:
Standard & Poor's will remove Fannie Mae and Freddie Mac from its S&P 500 Index after the close of trading Wednesday.
The minimum market capitalization a company must maintain to be eligible for the S&P 500 Index in $5 billion. At the close of trading on Tuesday, Freddie's market capitalization was $614 million and Fannie's was $1.04 billion.

Oh-oh, is LEH close to removal too???