Axetogrind

Fannie and Freddie Did Not Cause This Crisis

Yea I agree what position in the Democratic party are you looking for? Obama's full name is Obama Freddie and Fannie Barack. But thankfully the Repulicans stripped the control of Fannie and Freddie from the Democrats not able now to give futrure free money to all minorities who don't have the money to pay for the big house they got. Lets see now if the democrats push to lower the cost of these big homes to give minorities more free money to keep their big house for peanuts.


On Oct 05 10:34 AM Art Rimbaud wrote:

> wow. i feel sorry for the 4 daughters being raised by the joseph
> goebbels. but i'm sure they will turn out as well as gov. palin's
> kids. then he'll be "raising 4 grandaughters" in no time.
>
> the actual TRUTH is that it's McCain who's got the party ties to
> Fannie and Freddie.
>
> the smears about obama ties to ex-Fannie and Freddie execs (inc.
> Franklin Raines) are just more Rep. swiftboating LIES.
>
> "The non-partisan fact-check website Snopes.com looked into these
> smears, and their conclusions about Barack and the Fannie Mae executives
> shouldn’t be surprising: “None of them has (or apparently ever had)
> ongoing roles with the campaign as chief economic advisors.”
>
> Not an adviser: Frank Raines
> Barack estimates that he and Raines have talked for “maybe five minutes”
> in their lives, and Frank Raines himself even released a statement
> saying that he is “not an advisor to Barack Obama, nor have I provided
> his campaign with advice on housing or economic matters.”
>
> Not an adviser: Tim Howard
> This supposed connection appears to have been made up completely
> out of thin air. Snopes.com writes, “We haven’t yet found any tangible
> connection between Tim Howard and the Obama campaign, however, much
> less any information supporting the claim that Howard is a ‘chief
> economic adviser’ to Obama.”
>
> Not an adviser: Jim Johnson
> Jim Johnson has never held a paid position with Obama for America.
> He volunteered to help Barack select a vice presidential nominee
> but stepped down after just one week."
>
>
> fightthesmears.com/art...
>
>

So the Perpetrators Are Now Our Saviors?

The bill passed, the Goverment is going to buy FRE and FNM's bad paper, give them a clean slate with better loan acceptance requirements, I was surprised not to see more people buy stock in these two at this price? Possibly people are not use to buying financials? I have been selling everything and anything to buy more shares. Many small banks investments are in these two, they cannot be allowed to fail. I was surprised not to see them both go up a dollar after the annoucement, Anxiouis to see what happens Monday AM. They both were up in after hours. Seems there is a bottom established.


On Oct 03 03:42 PM User 225305 wrote:

> FNM and FRE are buys now since the bailout has been voted in. Their
> portfolios (good and bad) just dramatically jumped in value today.
> I'm surprised to see them trading down today. Maybe they are just
> letting folks in at a really good buy point.

How Much Are Fannie and Freddie to Blame?

Can FRE and FNM climb out of the bad paper when the goverment buys it and become profitable again?

Fannie and Freddie: Finally a Light at the End of the Tunnel?

I would like to read if there is an upside that can come of FRE and FNM in the near future?