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Investment Analysis Clubs / Abe's Road To Ruin
|Subject: Re: FRE||Date: 1/25/2009 1:38 PM|
|Author: dovbaer6||Number: 277 of 281|
do not have anything. just saw german state tv news last night, and they -on a saturday- had space in their 15 min. program for freddie mac and new losses and a need for 40 billion usd in capital. funny that freddie was worth a headline.
and the other day not sure if on cbs or on bloomberg i read an article where some folk was talking about the need to wipe out current shareholder's capital in most us banks in supposed tarp iii and tarp iv.
I've heard that said before. considering that compared to it's peak, freddie has fallen over 99%, there's almost no equity anyway. maybe they will, I don't know why they would bother. maybe for appearance sake.
what do i know. maybe i should buy 10000 fnm for the college of my kids.
I would probably wait a bit. when the disposition of tarp is made known, I bet the share price will still be around 75cents.
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