Comments on: Fannie Mae and Freddie Mac: Government Sponsored Entities Finding Their way Back Home with a Bailout.

By: Charles

Charles — Sat, 20 Sep 2008 22:15:08 +0000

Democrats created the Fannie Mae and Freddie Mac problems years ago. They stopped ALL eforts at reform until it was too late. Now they are trying to blame Bush, McCain and Republicans, everyone but themselves. That’s the Gods truth and here is the proof:
http://strategicthought-charles77.blogspot.com/2008/09/democrats-created-fannie-mae-and.html

By: Steamboat

Steamboat — Thu, 17 Jul 2008 03:22:06 +0000

Didn’t we have a similar issue when the car manufacturers petitioned the government to bail them out for their losses because the market crashed for gas-guzzling SUV’s even though the trend had been coming for close to 10 years?

By: SEAN

SEAN — Wed, 16 Jul 2008 23:19:27 +0000

Thank you Lakotawolf, I’m glad that somebody else gets it. The time for Bullshit is over.

By: Chris

Chris — Wed, 16 Jul 2008 21:30:15 +0000

It is now becoming clear at a country wide level that basically we were in a trance state for the last several years and couldn’t see the facts even if they were staring at us in the face.

We assumed that the Feds, the Gov. and private industry experts knew what
they were doing in terms of the housing bubble. As long as they said everything was fine, we were happy to stay asleep.

Now this same trance state exists at all levels of our society. For example after working at the front line of my particular industry for 20 years I can share that we are unconsciously making long term mistakes that will cost society dearly and at the same time are also constantly subjected to new laws and regulations which are extremely expensive, very cumbersome and to a large degree useless in taking care of our real needs. In other words my industry is very tunnel vision in its behavior and the people (gov. and consumers) regulating us have no clue what they are doing either.

The one good news is that by simply growing up and maturing as human beings
we can actually increase our economic productivity tremendously. Imagine actually putting our life force behind processes and projects that actually make a difference to our well being.

By: John S.

John S. — Wed, 16 Jul 2008 17:15:19 +0000

I sold “short” shares of Freddie Mac in January at $31.28 per share. I issued a buy to cover order on Friday for $5.75 per share. I made a nice profit. I am very pleased. I knew this was going to happen because the goverment was forcing Fannie and Freddie to take bad loans and raise the jumbo limits to $720,000. Yesterday the SEC made an “emergency ruling” to limit short sales on Fannie and Freddie stock. To bad for them, because I already got out on Friday. I’m just waiting for the other home related stocks to tank even further, so I can capitalized on my short sales on those as well.