Home› A Moving Train

Freddie Got Fingered - Begs For More

DriftingByTheStormDriftingByTheStorm Posts: 8,684
edited November 2007 in A Moving Train
Yep.

Freddie Mac fell THIRTY percent today!
AND, it is begging for cash whill wanting to cut its 4Q dividend!

So.
Fellas.
Are we looking at a "correction" or are we looking at a downward spiral of lending, housing, and dollar value?

CNBC has been painting it bleakity-bleak all day ...
Maria B. just had Jim Rodgers on on 10 minutes ago, and he basicaly preached absolute dollar destruction and zero confidence in Bernanke. Video to be posted as soon as its up.

I'd like to hear some more comments on what people think is going on.

IMHO, this is CLEARLY not just a simple "correction" ...
this is a massive entanglement of FUBARness.
If I was to smile and I held out my hand
If I opened it now would you not understand?
Post edited by Unknown User on

Comments

  • mammasanmammasan Posts: 5,656
    Well I'm no economist and my knowledge is pretty limited, but from a lay person's point of view I would have to agree that this is definitely FUBAR.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • NoKNoK Posts: 824
    I nominate your thread for best title award. Classic.
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    still no clip of Jim today,
    save for this oil related segment ...

    ... i hope someone gets the whole piece up, because i think seeing real billionaires talking about this shit may bring some people around to see that this nearing catastrophe is very much real.
    (yikes)


    but here is one from earlier this week on bloomberg ...
    does this guy sound off the mark or are you scared yet?
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
Sign In or Register to comment.