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To: Giordano Bruno who wrote (373846)9/7/2008 11:45:05 PM
From: Cynic 2005  Read Replies (4) | Respond to of 436258
 
Two possibilities...

1. FRE and FNM essentially failed in July. Whatever the maneuvers they did was to buy time and get congressional authorization for bailout. Now that they have the power, they bailed out FRE and FNM now.

2. Something ominous is on the horizon (probably from China) and today's action is to give China some chance to liquidate FRE and FNM debt.

Since you won't see this in the news for a while, take your pick. -g-