Is Freddie Mac headed to ZERO?

[Fishhead]

I wouldn't bet against it.

 

[G.MONEY]

I would have to say NO as well

 

[Railbird]

The World is headed to Zero

 

[Fishhead]

The World is headed to Zero

TRUE

 

[Anonymous1]

maybe, to be sure, the us treasury will own them, bill gross predicited this a few days ago...

 

[quantumleap]

holy shit, the world is heading to it's impending destruction

wait, let me post my thoughts on the PGA tournament before I go lobby in front of Congress

Post of the Day.

 

[joeybagadonuts]

No, Freddie Mac is not headed to zero, in fact, after they report earning today, and their stock is hammered, I will come in tomorrow morning and buy the shit out of it.

 

[Fishhead]

No, Freddie Mac is not headed to zero, in fact, after they report earning today, and their stock is hammered, I will come in tomorrow morning and buy the shit out of it.

:shocked::shocked:

 

[fhmesq44]

No, both Fannie and Freddie would be bailed out.

 

[TheFunkMonkey]

No, both Fannie and Freddie would be bailed out.

Depends upon the bailout. With certain bailouts, their stock would become worthless.

 

[HuskerFan1]

the only reason anyone would buy that stock is if they have money to GAMBLE with...and thats what it is....

 

[Fishhead]

the only reason anyone would buy that stock is if they have money to GAMBLE with...and thats what it is....

I actually made a trade with this SOB a couple weeks ago and made money. In and out on the same day.

 

[Fishhead]

JUST OFF THE WIRE, news on Freddies sister, Fannie Mae.................


Fannie Mae The funder of mortgages reported a much wider-than-expected loss of $2.3 billion, or or $2.54 a share amid the continuing credit crunch. Analysts surveyed by Thomson Reuters forecast a loss of 68 cents a share.
The news sent Fannie (FNM, Fortune 500) shares down 12% in pre-market trading.
Fannie's results came two days after its fellow government-sponsored enterprise, Freddie Mac (FRE, Fortune 500), posted a $821 million loss, slashed its dividend 80% and warned of further problems in the housing and credit markets.

This is way more brutal than many expected(Dawoof and myself excluded).


THIS COUNTRY IS IN ONE HELLUVA MESS.

It's going to be a very interesting day on Wall Street.

 

[shiz]

Yup.

Depends upon the bailout. With certain bailouts, their stock would become worthless.

 

[Fishhead]

Freddie and Fannie account for 42% of the morgages in this country........WOW!!!

CNBC confirming just now, that nationally, housing is headed down at LEAST another 15-20% over the next 3-12 months.

This is going to be a "real" buyers market in 6-12 months............IT IS NOT, AS MANY REALTORS WILL HAVE YOU BELIEVE, A BUYERS MARKET RIGHT NOW.

 

[Fishhead]

FREDDIE down over 10% today and may go under $5 a share before the day is through!!

 

[nhoj]

Sucks to be a Mac Fressie having a hard time and Bernie is dead. The whole world is mourning the Macs right now.

 

[Fishhead]

FREDDIE down over 10% today and may go under $5 a share before the day is through!!

UNDER $5!

Now down 16% on the day.


If your house is currently up for sale, lower the price 10% right now or you will never get it sold.

 

[G.MONEY]

UNDER $5!

Now down 16% on the day.


If your house is currently up for sale, lower the price 10% right now or you will never get it sold.

It all Depends were you live....I have lost 2% at max on my home in the last 2 years...Just had it appraised 6 months ago....Not going any were so really in no hurry...3 houses in my neighborhood were up for sale in the last 8 months, all sold within 60 days at just about asking price.....

 

[queposkid]

Real estate market down, and people are going bad on mortgages..iff the trend doesnt stop, we could have some trouble in the credit and bank sectors..Life in CR looking better all the time..pura vida