Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (8321)	10/24/2002 3:33:21 PM
From: Jim Willie CB	Respond to of 89467

I foresee at least $1 trillion in future FannyMae losses in some readings, the interval of $500B to $1.5T comes up so far it is very uncertain as to govt obligation I read figures like $20-25B govt gaurantee that figure is being argued now that losses seem likely the next big bubble bust FannyMae is like a one-stop shop for NazDog bonds, supposedly asset-backed but with flimsy loan reqmts, dictated appraisals, lofty minimum income pcts, spotty credit checks... I see a near perfect parallel to tech/telecom/dotcom bullshit the parallel is a tough one though, from stock to bond but it makes sense one could elaborate with some effort on each point earnings for dotcom -- earnings for applicant PE valuation -- min income pcts for applicant earnings accounting, balance sheet -- appraisal of property hidden debt off balance sheet -- spotty credit checks brokerages pumping stocks -- press/media extolling Real Estate extended use of margin -- down payment pct declines a bust is coming, just much different on pace imho / jim