SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: benwood who wrote (95573)7/11/2008 7:21:05 PM
From: Keith Feral   of 110194
 
LOL! I have to agree with you there. The companies whose sole mission it is to lose money and issue debt have no excuse in the market. GM was pulled by the S & P 100 today and replaced with Masterdcard. At least they aren't dumb enough to handle the debt from their own cards. God knows why FRE and FNM are holding any of their own debt. No difference between the GSE's and the monolines at this point.

I'd rather see Congress take the $300 billion for homeowner relief to save 500K foreclosures and recapitalize all the banks and mortgage companies. It's pathetic that FNM and FRE only have a $2 billion credit line with the Treasury. Give them another $10 billion, and do the same for another 28 banks hoilding mortgages. Here would be the catch - no options or buybacks until they repay the loans.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News