Thursday, July 10, 2008

Toast- FNM and FRE

What's another 30 to 50 % between bailouts? The entities themselves "may" be saved-but not the shareholders. I can see low SINGLE digits on both.


Jim Driscoll said...

I think people got confused by the Bear bailout - they now seem to think that Fed bailouts involve a payout to shareholders.

*Shrug* Oh well, can't make money if dumb people aren't in the market.

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.