Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (20261)	6/12/2003 10:19:59 AM
From: Jim Willie CB	Read Replies (4) of 89467

FreddyMac (FRE) officially does below support, breakdown !!! (not an elegant graph, but who cares? shows the effect) finance.yahoo.com at 48, it has broken below 55 (double bottom July02 & Oct02), then below the multi-year low at 51 (March03) this $33B pig is heading for a barbeque probes now by Congress, by federal regulators, and internal sources we might learn some really ugly seamy stuff soon like accounting fraud on derivative books like gold or dollar or other currency derivatives (no basis) we could be seeing the first cracks in the great mortgage bond pyramidded bubble implications to real estate are vast, potentially I expect this bubble to continue expanding though, for a while because the USGovt will provide continued confidence in the "Housing Cover Clause" to the USDollar Asian investors are exiting, but they might return, since their Central Banks are holding firm this is a govt-inspired phenomenon it wont crack easily, plenty of govt funds to cement the cracks / jim p.s. I prefer to focus on other cracks myself yeah yeah, like with gold & silver, he weakly claimed

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