rip fannie and freddie

[dalakhani]

Originally Posted by philcski

Caused quite of heartache in my markets today, that's for sure.

The gindaloons in government don't really understand the markets and corporations, do they?

They sure dont Philly and they should just keep their mouths shut instead of trying to grandstand all the time. During Senate testimony this past spring you could just watch Bernanke's face in response to some of the questions. If facial expressions formed actual words, his was saying " you ****ing moron, how is an elected official asking a question as stupid as that."

On another note, interest rates should be going through the floor now that the fed gov has taken over the GSE's. The spreads between mbs and treasuries should close rather dramatically in the coming days.

Interesting that the dollar continued to roll against euro and pound and that commodities continue to slide.