MediaGuy

Fannie & Freddie - and Others - Overstate Their Capital Base

"Some of the hoi polloi with deep pockets should sue the US Treasury Department maybe even use a class action suit." Hopefully there will be a way to do this, because as one of the hoi polli, I lost a good chunk of nest egg in this supposed "safe investment" I made years ago. Ironic as well as pathetic. The former CEOs should be sued and/or go to jail...

Fannie and Freddie: We All Support You!

I am a holder of Fannie Mae common stock. Most of what has transpired in the financial markets over the past 12 months is truly beyond my grasp. What I truly do not understand--and wish someone could explain to me--is the consensus I've heard saying that the shareholders of Fannie and Freddie need to be punished. I'm a little guy who bought shares in the company many years ago because everybody told me how safe an investment it was. I am not a trader, nor a speculator and I'm sure others put a lot of their nest-egg into Fannie for the same reason. Why do I and many others such as myself need to be "punished?"