Shares of Fannie Mae (FNM) and Freddie Mac (FRE) have been taking it on the chain consistently ever since the short covering rally that occurred in the middle of July exhausted. Shares of these perceived economic indicators took a drubbing prior to that short covering rally as well, so shareholders are used to declines. However, the recen...
Government officials are likely seeking to avoid a full-fledged takeover of the companies, said Bert Ely, an Alexandria, Va.-based banking industry consultant and a longtime critic of Fannie and Freddie. More likely, he said are less-sweeping moves to calm rattled debt investors. Those include having the Federal Reserve or Treasury Department lend to the companies. A government purchase of s...
FNM/FRE - I am 100% not short these stocks.
- FNM/FRE - The Fed has intervened and basically made it hard to stay short these things. While ultimately they will both be at zero, unless the Fed rea...
MI Plummets... Are Bottom Feeders Hungry Yet??
- After watching M&I's deep plunge of over 10% yesterday, I wonder how close they may be in the vacuum behind Fannie & Freddie, and IndyMac (with absolut...
I WOULD NOT BE SHORT THESE TWO
- THEY ARE OPENING FED WINDOW AND THAT IS ONLY IF THEY NEED IT. I THINK THEY HAVE ENOUGH CASH FOR NOW
BE VERY CAREFULL FOLKS ON THIS
Still is a great long term short.
- Dudes and dudesses, when are people going to stop even thinking or dreaming that FNM is worth ANYTHING. Yes, I said it, its WORTHLESS. The stock shoul...
FNE - Think sub-$5 on this one.
- FNE is done. Think sub-$5 on this one. Chart and trading looks very similar to ABK and MBI. No reason to own this, or FMN or most banks here yet. Y...
About Freddie Mac
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