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Old 07-13-2008, 08:06 PM
 
655 posts, read 757,913 times
Reputation: 240

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I have a friend who picked up FRE at $3.68, sold at $6.80, bought again at $4.12, sold at $7.12, all on Friday!! He made over $26.800 in one session on one stock. Over the weekend, the government basically assured us FRE won't fail, so the stock will probably be up into the teens tomrrow. Only us small time investors won't get the big ride up this time. I would not hold this stock for more then a day, but there are some serious chances to make some big time cash on this puppy this week. That is if you have the *alls to step up and play.
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Old 07-14-2008, 04:47 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,332,181 times
Reputation: 3816
Democratic presidential contender Barack Obama said the government's main concern should be "to make sure that home ownership remains attainable and affordable for American families. Second, any measures should protect taxpayers and not bailout the shareholders and management of Fannie Mae and Freddie Mac."

Obama doesn't get it. I fear his naive understanding of economics and our financial system. If Fannie and Freddie were to go belly up the whole financial system would get flushed down the toilet. He could forget about affordable home ownership because we would have such mass unemployment and wholesale selling of our country's assets that the American way of life as we know it would cease to exist.
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Old 07-14-2008, 04:57 AM
 
655 posts, read 757,913 times
Reputation: 240
Quote:
Originally Posted by Lincolnian View Post
Democratic presidential contender Barack Obama said the government's main concern should be "to make sure that home ownership remains attainable and affordable for American families. Second, any measures should protect taxpayers and not bailout the shareholders and management of Fannie Mae and Freddie Mac."

Obama doesn't get it. I fear his naive understanding of economics and our financial system. If Fannie and Freddie were to go belly up the whole financial system would get flushed down the toilet. He could forget about affordable home ownership because we would have such mass unemployment and wholesale selling of our country's assets that the American way of life as we know it would cease to exist.
Don't get me wrong, I am not voting for Obama here, but you do realize the solution the fed has to remedy this situation, do you not? They plan to print more money. This will lower the value of the dollar another 15% or more. Inflation will rise, more and be compound. There is no winner here. I agree, to let Fred and Fan fail would be a disaster, but it would be quick and to the point. All the fed is doing by bailing them out is delaying the inevitable. We all pay for this one way or another. It is either we get slowly bled to death, or get our heads chopped off. TheUS economy is in a tail spin and there is little anyone can do at this point that will stop its nose dive.
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Old 07-14-2008, 05:03 AM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,899,112 times
Reputation: 3587
Quote:
Originally Posted by travelmate38 View Post
Don't get me wrong, I am not voting for Obama here, but you do realize the solution the fed has to remedy this situation, do you not? They plan to print more money. This will lower the value of the dollar another 15% or more. Inflation will rise, more and be compound. There is no winner here. I agree, to let Fred and Fan fail would be a disaster, but it would be quick and to the point. All the fed is doing by bailing them out is delaying the inevitable. We all pay for this one way or another. It is either we get slowly bled to death, or get our heads chopped off. TheUS economy is in a tail spin and there is little anyone can do at this point that will stop its nose dive.
We will be fine.
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Old 07-14-2008, 05:34 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,332,181 times
Reputation: 3816
We can't let Fannie Mae and Freddie fail. However, it's time for the Fed to start moving up the Fed Funds rate steadily.

Slow down the cheap money and boost up the value of the dollar. Cheap money has led to sloppy investments.

Good companies do not need a cost of capital that is essentially free to grow their businesses.
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Old 07-14-2008, 06:18 AM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,402,274 times
Reputation: 4544
Quote:
Originally Posted by Lincolnian View Post
We can't let Fannie Mae and Freddie fail. However, it's time for the Fed to start moving up the Fed Funds rate steadily.

Slow down the cheap money and boost up the value of the dollar. Cheap money has led to sloppy investments.

Good companies do not need a cost of capital that is essentially free to grow their businesses.
It was the cheap money after the 2001 recession that caused the real estate bubble, and its the cheap money now that is causing the commodities bubble.
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