jcfogerty's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/257584/comments http://seekingalpha.com/article/96315-bank-of-america-bank-on-this-opportunity?source=feed#comment-258769 258769 Fri, 19 Sep 2008 07:48:29 -0400 http://seekingalpha.com/article/94579-six-situations-to-monitor-for-the-remainder-of-2008?source=feed#comment-249974 249974 Wed, 10 Sep 2008 00:38:34 -0400 http://seekingalpha.com/article/94305-what-will-fannie-freddie-mean-for-monday?source=feed#comment-247936 247936
This buyout should have come as no surprise to anyone, nor the bullish market reaction that will likely follow.

This action stabilizes a critical element of the US financial system, and as the bondholders from many foreign countries will add, also stabilizes the global financial system.

One last comment - while loose lending practices have trashed mortgage markets, in the end housing is a tangible asset. It has intrinsic value. Yes, current market values may be inflated, depending on whether you live in Ohio or CA. But unlike the CDOs and other derivatives, it is simply not possible for housing to go to zero.

Something to keep in mind.]]> Sun, 07 Sep 2008 23:41:17 -0400
This buyout should have come as no surprise to anyone, nor the bullish market reaction that will likely follow.

This action stabilizes a critical element of the US financial system, and as the bondholders from many foreign countries will add, also stabilizes the global financial system.

One last comment - while loose lending practices have trashed mortgage markets, in the end housing is a tangible asset. It has intrinsic value. Yes, current market values may be inflated, depending on whether you live in Ohio or CA. But unlike the CDOs and other derivatives, it is simply not possible for housing to go to zero.

Something to keep in mind.]]>