Schweizer

So, Do We Own Fannie and Freddie or Don't We?

Next step, mortgage payments to Uncle Sam will be made through your paycheck, just like FICA and withholding taxes, and you will have no say over it. And since Uncle Sam now owns most of the mortgages in the USA, the majority of Americans are living in government owned housing. Hmmm ... no one seems to be broadcasting that FACT.

What a country. Glad my house is paid off!

Calling a Bottom: It's Time To Party

No one has been successful raising capital lately, so as the financial report next week and admit they are forced to admit they are still in the 3rd inning, timber.

Short Financial ETFs: Watch Out for the Fannie/Freddie Effect

Financials report next week and it won't be pretty. Capital raise in the 3Q has been nonexistant. I think SKF will blast off as the July lows fail to hold. The Financials may have a net ZERO earnings for all of 2008, and I doubt any more bailouts will be supported, so several biggie banks could go under (as they should). SKF is a BUY.

A Closer Look at the Treasury's GSE Preferred Stock Purchase Plan

This is what is going on (vid below from 8/28th) . It's very obvious! Playbook begins at minute 3:00. This bailout is just another pump to have the banks delever a bit more before the collapse.

Playbook:
www.youtube.com/watch?...