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

To: benwood who wrote (95573)	7/11/2008 7:21:05 PM
From: Keith Feral	Respond to of 110194

LOL! I have to agree with you there. The companies whose sole mission it is to lose money and issue debt have no excuse in the market. GM was pulled by the S & P 100 today and replaced with Masterdcard. At least they aren't dumb enough to handle the debt from their own cards. God knows why FRE and FNM are holding any of their own debt. No difference between the GSE's and the monolines at this point. I'd rather see Congress take the $300 billion for homeowner relief to save 500K foreclosures and recapitalize all the banks and mortgage companies. It's pathetic that FNM and FRE only have a $2 billion credit line with the Treasury. Give them another $10 billion, and do the same for another 28 banks hoilding mortgages. Here would be the catch - no options or buybacks until they repay the loans.