Tag: freddie mac
US Debt Ceiling Negotiations: Off-Budget Spending Vehicles Need Reform Now
I’d be willing to bet most of America is in the dark on this one. And quite honestly, we need to shed some light on the matter. At this moment, Congress is voting on raising the debt ceiling. And the first go around failed to pass the House miserably… as expected. And you should be […]
Your Final Warning
This is it… Right now is your last chance to get out! Fannie Mae (FNM) and Freddie Mac (FRE) stocks are heading to $0. Earlier this week, the two mortgage finance giants were ordered to delist their stocks from the New York Stock Exchange. Both stocks have plunged since the news hit. As I’m writing, […]
Sell Fannie Mae And Freddie Mac Now!
Earlier this week, I was on my way to the office. I stopped at Circle K, a local convenience store, for a cup of coffee. Stepping into line to pay, I was unlucky enough to be stuck behind a lottery junkie. Unfortunately, this wasn’t the first time this has happened. You know the type. Their […]
Former Blue Chips Are Now Penny Stocks
Just this morning I was in line at Starbuck’s. I’d gotten there before the usual morning crowd. It was quiet and peaceful. Still half asleep, I listened to the soothing jazz music. I was really looking forward to that cup of coffee. All of a sudden these two guys barged through the door. Their voices […]
Bailout Impacts Taxpayers And Shareholders
It’s all over the news. BAILOUT! Mortgage giant’s Fannie Mae (FNM) and Freddie Mac (FRE) have been taken over by the Federal Government. I actually think the proper phrase is “placed in a government conservatorship”. Whatever the words are – the result’s the same. The US Federal Government is now the nation’s largest mortgage lender. […]
Federal Reserve Creates Term Securities Lending Facility – Market Rallies
Yesterday the Dow Jones Industrial Average gained more than 400 points. It was truly amazing! I normally don’t encourage people to watch the market minute by minute, but yesterday’s rally was something to behold. Everything on the screen was green. Why the rally? News came out yesterday of a novel way for the Federal Reserve […]
