i bet he's someone that read the bill which is more than i can say for anyone here?
lol i just got rid of half my position, i don't see it hitting 6 anytime soon with so much uncertainty, if im correct court action is about profits and dividends nothing to do with release from c?
are you sure? maybe that 10% hit is smaller than the money they have been paying back already because of their fraud?
Our ratings on the debt of Fannie and Freddie rely on our assumption of an
"almost certain" likelihood of extraordinary government support from the U.S.
(see "Rating Government-Related Entities: Methodology and Assumptions,"
published on Dec. 9, 2010, on RatingsDirect). We do not view this announcement
as sufficient to change that assumption, for several reasons. One reason is
that the proposal, while apparently enjoying some bipartisan support, still
faces substantial legislative hurdles before becoming law, including passage
by the Senate Banking Committee, the Senate, the House of Representatives
(which has developed a competing proposal), and approval by the president.
the markets are currently over rated imo people have been talking about the next bubble just like the housing crash it took a few years for it to finally collapse
lol that bill announcement didn't do ne thing initially then someone sat there and said hey, now's our chance to cause panic and get cheap shares, nice play!