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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (26697)2/18/2005 12:03:24 PM
From: Jim Willie CB  Respond to of 110194
 
a proper value of FNM is 25 to 35 cents

what is the value of bankrupted other firms ?

they go to 25 to 35 cents, then await revaluation

as I stated in a past piece, Fanny Mae is the canary in the bond coal mine
"Queer Eye for the Bond Guy"
321gold.com

I really wonder how long it will take in order to remove the froth from residential housing prices
my guess is it will be noticeable in major metro areas by Sept-October

/ jim