No, it’s not some sort of new dance move. It’s just a little personal commentary on the government’s historic takeover of now penny stocks Fannie Mae (FNM) and Freddie Mac (FRE). Just like my previous post about Freddie Mac, again let me turn to an outsider, someone without an interest in the happenings of Wall [...]
FRE
Freddie Mac
It’s going to be a make or break month for Freddie Mac (FRE). Their existence as a pseudo-public company hangs in the balance depending upon whether or not they can raise enough cash soon. The word in the street is, if they can’t raise that cash from private investors, then the government we taxpayers will [...]
Market Meltdown?
After continued months of financial experts, market pundits, and government reassurances that there is nothing wrong with our economy and that there’s nothing to be concerned about in the marketplace, the Treasury Department and the Federal Reserve convened a weekend meeting with major global financial firms and investment banks to come up with a plan [...]