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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89097)	7/26/2009 1:49:04 PM
From: ayn rand	Read Replies (1) \| Respond to of 94695

the demise of FNM was of no surprise to anyone especially the fed. Greenspan in one of his speeches clearly stated sometime in 2007, in the middle of another subject that "we have no desire to save fannie may should they fail, and they do not have the ability to do so if they should fail", and then he continued with his speech. nothing to link this comment in his preceding remarks, and no further mention of it afterward. just a few sentences about FNM and that they could not and would not come to the rescue of fannie should they fail. this was sometime in 2007 i believe, and when FNM was trading in the 60's and continued to soar. at the time it shocked me, "what did he just say?" i said, "did you hear what he just said?" i asked, "what is he saying?" i asked others who were listening ,..., anyone with a business sense could see the handwriting on the wall and nothing was done to warn investors or the general public. anyone w a functioning brain cell knew what was coming, but now they say all was unexpected and without warning. what a crock of .....