# Freddie & Fannie Bailout
**URL:** https://forums.speedlife.net/t/freddie-fannie-bailout/52104
**Category:** NYSpeed Off Topic
**Created:** [July 24, 2008, 1:35pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104 "2008-07-24T13:35:34Z")
**Posts on this page:** 20
**Page:** 5
### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 7, 2008, 12:23pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/81 "2008-09-07T12:23:10Z")
Well, Paulson just fired his bazooka.
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [September 7, 2008, 8:48pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/82 "2008-09-07T20:48:38Z")
Oh. This.
[http://www.bloomberg.com/apps/news?pid=20601103&sid=ajcw4yxxPGJ8&refer=news](http://www.bloomberg.com/apps/news?pid=20601103&sid=ajcw4yxxPGJ8&refer=news)
How about that. David Moffet will be heading up Freddie. Who knew he had time to mod the crap out of 350Z’s and run a major financial institution?
But anyways. We’ll see…
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### Author:  [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)
#### Post date: [September 7, 2008, 9:29pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/83 "2008-09-07T21:29:44Z")
Wait. So the feds basically bought them out?
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [September 8, 2008, 5:01am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/84 "2008-09-08T05:01:29Z")
What have they done to prevent this in the futrue or are we going to bail them out on a regular basis?
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### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 8, 2008, 5:40am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/85 "2008-09-08T05:40:16Z")
the us government now pretty much owns freddie and fannie.
Hurray, nationalized mortgage industry. I can’t wait to see how much this is going to cost the tax payer and whether it will prop the housing sector back up so another bubble can burst and houses are still too expensive to afford…
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 8, 2008, 5:47am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/86 "2008-09-08T05:47:34Z")
what would have been the better option?
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### Author:  [@d3x](https://forums.speedlife.net/u/d3x)
#### Post date: [September 8, 2008, 5:50am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/87 "2008-09-08T05:50:21Z")
> [@evolve](#):
>
> what would have been the better option?
outsourcing it to china? 😛
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### Author:  [@boxxa](https://forums.speedlife.net/u/boxxa)
#### Post date: [September 8, 2008, 6:30am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/88 "2008-09-08T06:30:17Z")
> [@Fry](#):
>
> Oh. This.
> [Bloomberg Politics - Bloomberg](http://www.bloomberg.com/apps/news?pid=20601103&sid=ajcw4yxxPGJ8&refer=news)
>
> How about that. David Moffet will be heading up Freddie. Who knew he had time to mod the crap out of 350Z’s and run a major financial institution?
>
> But anyways. We’ll see…
Based on the recent events in the entire financial and banking market of the US, I would say that time, dedication, and a degree might be optional since no one really knows what they are doing.
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### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 8, 2008, 8:32am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/89 "2008-09-08T08:32:02Z")
> [@d3x](#):
>
> outsourcing it to china? 😛
You want to know the sad part about that statement?
One of the biggest reasons given by the us gov for doing it was to ensure china that our mortgage industry was secure, so they will continue buying our debt…
I didn’t read all the details, but I think if Feddie were truly insolvent then all the shareholders should be eliminated. They made huge profits when the companies were booming because of stupid business tactics, they should lose all their stock when the companies go under for the same reason.
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 8, 2008, 10:01am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/90 "2008-09-08T10:01:16Z")
if they had gone under, what would have happened to all the mortgage holders?
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 8, 2008, 10:19am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/91 "2008-09-08T10:19:59Z")
FNM $0.89 -6.15 (87.36%)
PWNED.
I’ve been watching it all day. As soon as it turns around, for however long, im gonna play the dead cat bounce. Might not be til tomorrow.
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 8, 2008, 10:26am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/92 "2008-09-08T10:26:37Z")
dead cats dont really bounce though
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 8, 2008, 10:42am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/93 "2008-09-08T10:42:44Z")
proof? vid?
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 8, 2008, 11:10am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/94 "2008-09-08T11:10:20Z")
touche
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### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 8, 2008, 2:16pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/95 "2008-09-08T14:16:15Z")
yeah, I guess the treasury still hasn’t decided if they are going to eliminate the shareholders all together.
But from I have read, this is going to screw the derivatives market all up. If that is the case, it was completely pointless to “bail out” bear sterns because a systematic threat to the derivatives market was the reason.
But that is just what I read. I am just sitting back and seeing what actually happens, since no one really knows for sure.
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### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 15, 2008, 7:08pm UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/96 "2008-09-15T19:08:19Z")
[http://www.bloomberg.com/apps/news?pid=20601109&sid=alfBeAKkV.5Y&refer=home](http://www.bloomberg.com/apps/news?pid=20601109&sid=alfBeAKkV.5Y&refer=home)
was I right?
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 18, 2008, 11:15am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/97 "2008-09-18T11:15:38Z")
Just moved in for 1000 shares of each.
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 18, 2008, 11:20am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/98 "2008-09-18T11:20:14Z")
godspeed brother
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### Author:  [@ILCisDEAD](https://forums.speedlife.net/u/ILCisDEAD)
#### Post date: [September 18, 2008, 11:21am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/99 "2008-09-18T11:21:48Z")
lol its been chillin at 1 for the past 7 days lol
Looks kind of grim today… ☹
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 18, 2008, 11:22am UTC](https://forums.speedlife.net/t/freddie-fannie-bailout/52104/100 "2008-09-18T11:22:34Z")
Total cost was just over $700. A year ago, that was $135,000 worth of stock. I figure it only has one direction to go at this point…
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