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1 point posted on 07/16/08

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Michael Parness:

+0.00%

FNM/FRE - let the rest of the market move on

FNM/FRE - The Fed continues to bumble cluelessly along when it comes to the market and the economy. FNM and FRE are both worthless, so the notion that the Fed is going to buy stock, or try to save them as publicly traded entities is foolish, and won't work. These stocks need to get to 1 PENNY and let the rest of the market move on to other things to fixate on! :)

Michael "Waxie" Parness

Related to:

FNM

Fannie Mae

Comments (2)

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Thomas George

9 %

1 point commented 498 days ago reply

Why are you not adding these picks to your portfolio?After all there is no cost.It would help to create a track record and make it easier to follow your predictions.Just my 2 cents.

ericvk8

29%

0 point commented 498 days ago reply

funny, i was thinking exactly the same. lots of comments but no picks.

allstarinvestor

85%

1 point commented 497 days ago reply

I also question your understanding of the economy and the real estate market, FNM and FRE are involved in 80% of new loans and over half of outstanding loans (5 trillion dollars worth), you have to be pretty stupid to think that just letting them fail is in anyones best interest

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Fannie Mae (FNM)

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