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FNM and FRE

G

gregdrummeraz

macrumors 6502
Original poster
Jun 7, 2007
396
0
Glendale, az
I can only imagine how bad this will get tomorrow.


I would love to hear your opinions.


personal have 25k shares FNM and 29K shares FRE.


Let's chat.


Who has what? Are you long or short? Selling tomorrow or buying?
 
I'm short financials in ETFs, so I expect some pain in a few hours as the market celebrates on the deck of their Titanic.

I feel bad for the FNM and FRE bagholders. Oh, wait, every single taxpayer just became one, too. :rolleyes:
 
pseudobrit said:
I feel bad for the FNM and FRE bagholders. Oh, wait, every single taxpayer just became one, too. :rolleyes:
Click to expand...

That is exactly the point. Investors choose to take risks in the hope of a reward, whereas taxpayers have no choice in bailing out greedy, and incompetent banks which have made short-sighted (if fashionable) investments.

It is the old idea of privatising profit and nationalising loss. If taxpayers are to be expected to carry the can for the incompetence of the financial sector, surely Government has a role in regulating how taxpayers' money ought to be spent. I don't see how banks can have it both ways in that they seek to privately pocket profits and off load losses publicly.

Yes, there is the argument that the whole integrated system will come tumbling down if rescue (or bailout) is not permitted, but where is the sanction for those at the top? If vast profits are used as the excuse to justify obscene bonuses, what penalty attaches to monumental incompetence and spectacular mis-judgement?
Cheers
 
gregdrummeraz said:
I can only imagine how bad this will get tomorrow.

I would love to hear your opinions.

personal have 25k shares FNM and 29K shares FRE.

Let's chat.

Who has what? Are you long or short? Selling tomorrow or buying?
Click to expand...

Sorry, you yourself have 25k in FNM and 29k in FRE? or am I miss-reading this, this seems a bit fishy coming from someone who posts alot of very elaborate threads... also, didn't you say in another thread that you lost 85k, please, explain that one too us...

Can't wait for jessica. to spot this thread :p
 
NC MacGuy said:
I love your posts Greg - don't let these guys get you down.:D
You a stunna!;)
Click to expand...

Actually, if I'm honest so do I; they make my day - amuse me, appall me, (educate me) and make my fingers itch to hit an aluminium keyboard; so, yes, Greg - keep em coming. You make our lives richer in myriad ways. And disagreements about economic perspectives are always worth airing.
Cheers
 
For some reason when I saw this.. I was thinking "is this a new swinging term". Way to many episodes of "swing town". You know FMM, FFM, FMF etc...

Sorry, back to the topic at hand.
 
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