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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (30484)3/31/2008 6:26:39 AM
From: Madharry  Read Replies (1) of 78615
 
I am up early with some random thoughts. read another article this am about people likely walking away from upside down mortgages. the fed told fremont general to either raise capital or find a buyer. they own a bank with 20 branches. stock trades for .52. reading the yahoo board the different camps are the company is worth $2.50-$5 and no bank is going to buy them outright they will way till they get take over by the fdic and then buy the branches. It occurs to me that one of the shoes that havent yet dropped are banks being taken over by the feds and people waiting to get their cash out or standing in line to do so. fremont has about $8 billion in deposits i read. I wonder what will happen in the market when these events start to happen.
Meanwhile the japanese market dropped 18% this quarter. Any thoughts?
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