:picard:
http://money.cnn.com/2008/09/18/news/economy/rtc_speculation/index.htm?cnn=yes
can I get free handout?
wow… this seems like the perfect time to buy FRE or FNM right now… or if you had stock from yesterday… the asking/bid price is already .91 (last .49)… thats an 80% jump.
Joe could shed more light on this one obviously, but in my eyes that seems pretty optimistic.
FRE is asking double also
“oh, no problem henry paulson. Here, take my money and bail out a private company that bad bad business practices. I dong think risk should exist anyway.”
I love how people hear “bailout” in the news and think it is bad.
:lol:
Depends what way you look at it…
http://finance.google.com/group/google.finance.12885/browse_thread/thread/6d51d6bb3dcac915 - Fannie mae
They are awfully optimistic about it
Bailout is typically negative word.
I love how people asse everyone gets their opinion from the news. Because it couldn’t be that I have a different view on economic intervention than the current one being implimented.
I think this is another short term fix that will only worsen the problem in the long run.
I still want to know what the plan is for the future.
We are quick to throw money at it(as usual) but, what is the long term solution?
Has anymore oversight been mandated yet or are we going to wait until they blow all of this money now?
Fine.
How about.
I love how peopel think that “bailout” is equal to a short term fix and don’t understand what is happening.
Better?
I still :lol:
It is a short term fix without any change.
Yes, earlier “bailouts” such as the Resolution Trust Corp have been horrible things. :cjerk:
Global economics stems a bit farhter than “hay, they are using my tax dollars to bail out a company”. In fact, the infusion of capital that has been happening from the worlds largest banks (not just the fed) is such a far cry from that it isn’t even funny. People are attached to buzz words, just like your post says.
OOOO Fannie is on its upturn $1 come day end?
Wow, I just woke up and Fannie and Freddie are taking off. Apparently I was up almost double at open, still up over 50% in 24 hours
:party:
Thanks I didn’t know that.
I thought the entire global economy worked on bailouts.
What is a short term fix? Talking about what happened to BS/FM/FM and even AIG isn’t really understanding what is happening to counteract the current issues.
having a “hands off” approach from the government is exactly what made the great depression great. why pray-tell are large scale “bailouts” so bad? Would we prefer the larger economic down turn, reducing spending, reducing tax revenue, resulting in increased tax rates and tax burden? the economic impact would be far greater on the individual. additionally, taking positions such as AIG will likely result in large upsides for the tax payers in the long run.
something is really fucked up
http://finance.google.com/finance?q=AMEX:MOR&client=ft
200,000 percent on the day lol
i want to short that for 200k
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BCOM&date=20080919&id=9166405
The Federal Reserve announced today that it will begin purchasing short-term debt obligations issued by Fannie Mae (FNM 0.49), Freddie Mac (FRE 0.33) and the Federal home loan banks.