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Avoid Fannie and Freddie Like the Plague |
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| Jul 11, 2008 03:26 PM UTC |
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Tracked Blogger
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7/11 - "Are Fannie and Freddie worthless? That is the big question crossing the minds of those in the financial and political realms this morning. We said yesterday that bottom-fishing was a fool’s game akin to playing Russian roulette and this is why." "Unfortunately, the collapse of these two giants will have horrendous and widespread effects throughout the entire financial system. Please avoid these stocks like the plague." 
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3 Related Views
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 N/A |
Don't Count on a Government Takeover Of Fannie/Freddie
7/11 - "Truthfully, the government can't afford to take over Fannie and Freddie because their outstanding debt would more than double the federal government debt outstanding, which would further deteriorate the dollar on international markets. Fannie and Freddie own or guarantee about $5.2 trillion dollars of U.S. home mortgages, or nearly half of those outstanding.
Stock investors are runni...
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55% risk: moderate |
Mortgage Insurers to Blame for Fannie/Freddie Debacle
7/11 - "The blowhards and bluff artists and the Gang of Four -- Ambac (NYSE: ABK) (Cramer's Take), MBIA (NYSE: MBI) (Cramer's Take), MGIC (NYSE: MTG) (Cramer's Take) and PMI (NYSE: PMI) (Cramer's Take) -- truly have blood on their hands for this moment...The whole apparatus stinks and we are now seeing the unwinding, but I think that the false assurances created by the Gang of Four and their in...
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N/A risk: conservative |
Fear Begetting Fear Among Fannie/Freddie Investors; Selloff is Overdone
7/11 - "The recent pressure on the shares of FRE (FRE.N; US$8.00; 1H) and FNM (FNM.N; US$13.20; 1H) reflect market concerns/confusion surrounding potential future dilutive capital raises. While the question of capital adequacy has surrounded the GSEs (government-sponsored enterprises) for a while, given their relatively high leverage versus banks, the timing of recent "noise" has been particula...
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