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

To: John Vosilla who wrote (95566)	7/11/2008 3:52:47 PM
From: Keith Feral	Read Replies (1) \| Respond to of 110194

The shareholders are pretty much screwed at this point. The only serious question is what happens if the bonds go under. FNM and FRE are now controlled by the bond bullies, just like the auto companies and airlines. FRE would have been a helluva trade from $4 to $8 this morning. I don't see anyway the writedowns in the mortgage sector will end this quarter. WB said they expected $3.8 billion worth of writedowns for the entire year at the end of last quarter. They just preannounced $4 billion worth of writedowns for the second quarter. Even worse, their cash went from $75 billion to $17 billion. How do you lose 75% of your cash in 1 quarter?

To: John Vosilla who wrote (95566)	7/11/2008 4:40:40 PM
From: Robin Plunder	Read Replies (2) \| Respond to of 110194

"that is certainly the story and obviously continue liquidity in the housing market at any cost..I guess most realize no one is going to save the common shareholders regardless. Big question now is will they let the market finally crash or is today the bottom as some bailout plan over the weekend saves the day as with Bear Sterns?" bonds, dollar and dow all down today, which is not a good combination...they will try to bail everything out, but if these 3 keep going down together, it will be an indication that they will fail. Robin

To: John Vosilla who wrote (95566)	7/12/2008 12:25:26 PM
From: posthumousone	Read Replies (5) \| Respond to of 110194

more from message boards on how people are going to not pay for their imb mortgages: No luck needed. It is the law when a back fails people who owe money do not have to pay..the bank is out of existance..Wake up and smell the coffee..If who you owe no longer exist how can you pay them . I have an home equity loan with IndyMac and I owe 250,000 on it. I am not paying a dime more...I have been waiting for this to get off the hook..I know the law...