fannie mae and freddie mac future ??

Discussion in 'Stock Market' started by grand_dra9on, Jul 24, 2010.

  1. grand_dra9on
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    grand_dra9on Rookie

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    hey guys, what do you think of fannie mae and freddie mac future, considering recent stock price ??

    it keeps sliding down, and even it fell below $0.2 pps last week...
    and China still have $300bil worth bond in fannie and freddie...

    fannie and freddie is too big to fall but on the other side it also to hard to get up again, in my view... :razz:
     
  2. william the wie
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    william the wie Gold Member

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    These GSEs need to be phased out.
     
  3. Baruch Menachem
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    Baruch Menachem '

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    they need to be shut down. Keeping these things around to cause more damage is like using a keg of gunpowder as an ash tray.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Fannie Mae and Freddie Mac weren't included in the recently passed financial reform bill. I wonder why? :confused:
     
  5. Toro
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    Toro Diamond Member

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    They're insolvent and wards of the state. The government is keeping them alive as a conduit to keep credit open in the mortgage markets. They are going to have to be recapitalized and dramatically reformed. If not, then they need to be wound down.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Fannie, Freddie and FHA already control 100% of the market.

    How much more do you want them to have?

    In any event, Obama and the Dems continue to keep their hand on the throat of the American economy and in November 2010 come the first Kote strike and one hand is severed then in 2012 the other Dem hand is severed.
     
  7. BethanyM
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    BethanyM BANNED

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    xxxxxxx
     
    Last edited by a moderator: Dec 20, 2013
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Fannie & Freddie turn profit but future remains questionable...
    :eusa_shifty:
    Fannie Mae And Freddie Mac Face Uncertain Future, Despite Profitability
    March 26, 2014 — While mortgage guarantors Fannie Mae and Freddie Mac have turned profitable in recent months after its epic $187.5 billion taxpayer bailout in 2008, the future of these entities remains nebulous.
     
  9. Politico
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    Politico Gold Member

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    Fannie Mae is shutting down. There is no future. Keep up people.
     
  10. whitehall
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    whitehall Gold Member

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    The oversight responsibility for Fannie Mae was with the House Banking Committee. During the first Bill Clinton term the democrat majority decided that all Americans should have the opportunity of achieving the American Dream of owning their own home regardless of their ability to pay the mortgage. The setup was batter than a Maffia scam. The federal government would threaten banks with civil rights litigation if they didn't make risky loans but the loans would be guaranteed by the federal government. The scam worked for about a decade and democrat activists with no experience were appointed to cushy no-show jobs on the Fannie Mae board. Democrat Barney Frank told Americans that Fannie was in good shape while it was on the brink of disaster. Nobody ever asked Frank what the hell he meant when Fannie Mae collapsed while he was chairman of the House banking committee during the Bush administration.
     

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