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Federal Home Loan Mortgage Corporation Message Board

  • nkaujnyiag2001 nkaujnyiag2001 Aug 16, 2008 9:38 PM Flag

    Can someone explain?

    http://online.barrons.com/article/SB121884860106946277.html?mod=yahoobarrons&ru=yahoo

    Hello friends, could anyone in here explain what this article mean? The Endgame for Fnm and Fre? Does it mean the two giant-mortgage are finished? How could that be?

    Thanks in advance for your truthful explanation.

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    • Try reading a few posts by organizing them by star ratings to get the gist of what is going on.

      To boost subscriptions, Barron's reposted a four month old gloom and doom article, extorting those who want the rest of that retreaded story to pay subscription to get the rest. The SEC.GOV which investigates such nonsense, has been contacted by members of this board and others, and, has published an article saying it will prosecute market manipulators.

      No one is disputing the article as of six months ago, in Feb, when it first came out before govt guarentees.

      The timing is not just suspect, it goes against the fabric of fair reporting, and no disclaimer about what the writer holds in his investment pool or his Uncle Fred's--means it is worth as much as what I am writing, which is to say, not much IMHO.

      Nothing we write here today, will stop those who invest based on headlines or some guru shaking poofy dust at the issues, and coming to a conclusion they should sell.

      That's an individual decision, for those who daytrade with Atlantic City in their heads.

      But it is nice to know somebody is pissed off at high levels when somebody puts their greasy fingers on the spinning roulette wheel.

    • Yes--here is the explanation:

      SEC.Gov has been complained to about this article amongst others.

      It's a reprint of a Mar 8th gloom and doom article written by a guy named Laingly before the Fed stepped in with liquidity and guarentees.

      The same writer, printed an article in July pointing to housing turnaround!!! that contradicts the underlying premise of this weekend's retread.

      It's provocative and incomplete in the teaser, to make you subscribe to find out more. When you do subscribe, there is no positioning of the writer, that is, no sentiment, no disclosure of his or his family's holdings. It's completely bankrupt morally and ethically, which has nothing to do with the writer, but has more to do with Barrons turning into all the newsworthiness of Joe Blow's blog on the internet.

      If all the firms on the exchanges of the US had to have liabilities equal book value, two thirds of all firms in the United States are belly up. His premise is faulty on the back end comparison.

      It is true, FRE and FNM have all the attributes of a NASDAQ start up, investing too much in too little of its "inventory", but it's cash flow is doing fine thank you, as new homes replace old over time.

      Time is on its side, and yes, there is more downside in the economy over the next year.

      Interestingly, stocks anticipate turnarounds by about a year or so.

      FRE and FNM should stabilize current levels, and should begin their upward assault this Spring.

    • Yes, you can ask eltioaeip2... he's smart ... at least that was he tought!

 
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