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To: TheStockFairy who wrote (174664)6/23/2002 4:33:56 AM
From: clochard  Read Replies (2) | Respond to of 436258
 
IMHO FNM is different than most. It can "lose" money when people default, but at the same time the defaulted property remains a real asset, unlike the "assets" of the likes of Worldcom. And when the doodoo hits the fan, its bonds will drop in value, allowing FNM to buy them back at a discount, thus removing their only liability simply and cleanly. I wouldn't bet the farm on FNM collapsing.



To: TheStockFairy who wrote (174664)6/23/2002 4:57:44 AM
From: LLCF  Respond to of 436258
 
Could be.... Zulauf has been pretty damn good, and he's calling for short squeeze-O-rama

DAK



To: TheStockFairy who wrote (174664)6/23/2002 1:40:53 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
A fierce debate is raging between economists over whether the authorities should try to let the air out of the market, risking a global property crash and possibly a world recession, or whether they should let the market continue to expand, which risks creating a bubble that would inevitably burst.

news.ft.com