The Fannie Mae and Freddie Mac Love Triangle (596 hits)
Category: NoneRating: -0.06 on 30 reviews (Rate this item) (V)
Submitted by d'ohnuts (View user info) at 2008-09-09 10:47:18 EDT
It doesn't matter who fucked who, whether Freddie dipped his man bat into the chlamydia trap of Fannie or Fannie sat on the gonorrhea pole of Freddie, but the truth is evident. They are a diseased, festering, stink pot of total corruption. Perhaps you've hidden under a rock for the past few--oh I don't know, years...--days but it was announced that the fed will step in and help the two major mortgage companies out of a tailspin.
The companies are long withstanding in the mortgage world and account for over half of all home loans in the U.S. (probably more, but I'm just here to bitch. I'm not here to research.). The problem is that these companies had made millions and now that there stock is declining the government will step in and give them a pardon.
Pardon? Well pardon fucking me! Foreign bonds, the Canadian Dollar, and now the U.S. government will make money off of Americans filing for bankruptcy, losing their homes, and all this is under the guise that we will strengthen our economy. The housing market will bounce back as will the rest of the economy but instead of helping the individual citizen out we are lining the pockets of these company's executives.
I think that both Fannie and Freddie should have a shooting range for all subprimers, loan recipients, etc. starting with anyone with "VP" in their title on up culminating with "the board." I'd like to build lego popsicles. Sorry, I don't think that had anything to do with the issue at hand.
Truth is, that I didn't lose any money on FRE or FNM stocks. I actually just bought into FRE because I believe that even through the debacle of trial and tribulation these companies will get back on their collective feet. Albeit; this will come directly from our government, whom I suspect will earn preferred stock options to be cashed out at a later date.
Anyone have an opinion?
p.s. I already made a lot of money on FRE, buying when it hit it's low of $0.65 yesterday :)
User Reviews
Submitted by sandmantate (user info) at 2008-09-11 09:38:10 EDT (#)
Ranking: 0
Yay Icarus!
*ejaculates*
Submitted by dohnuts (user info) at 2008-09-10 15:50:26 EDT (#)
Ranking: 0
You win!
Submitted by icarus1987 (user info) at 2008-09-10 15:45:10 EDT (#)
Ranking: -2
Submitted by dohnuts (user info) at 2008-09-10 11:15:20 EDT (#)
Ranking: 0
What part of "I gave them money after they did bad things" are you misinterpreting. Jesus, Debbie, can you play with us or would the monkey bars be a better fit for you?
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Right.
What you did was okay because it was done AFTER the fact.
An unethical company did unethical things. And then you gave them money.
The investors who had money in prior to the debacle were the bad guys.
Becuase they invested before they knew the company was a corrupt pile of shit.
You're different.
Because you want to make money.
Unlike the CEO's and VP's and BOD. Who want to line their pockets.
Which is different than making money.
Because of the motivations involved.
Speaking of playgrounds, you may want to get off this philisophical merry-go-round before you throw up. I know you're making me queasy.
Submitted by sage104 (user info) at 2008-09-10 12:49:31 EDT (#)
Ranking: 2
No Comment
Submitted by dohnuts (user info) at 2008-09-10 11:15:20 EDT (#)
Ranking: 0
What part of "I gave them money after they did bad things" are you misinterpreting. Jesus, Debbie, can you play with us or would the monkey bars be a better fit for you?
Submitted by icarus1987 (user info) at 2008-09-10 10:48:10 EDT (#)
Ranking: 0
No, West. I'm arguing that "They did some bad things. You gave them money to do bad things with. You both made out."
What part of that argument do you have a problem with?
Submitted by dohnuts (user info) at 2008-09-10 10:37:33 EDT (#)
Ranking: 0
If I just invested the money how did I "do bad things" ?? You are missing a time gap and just want to be argumentative, which is fine if you have a point. You are arguing that I caused the collapse of FRE or FNM?
What's that? You don't have a point? Fine, give me my frisbee I'm going home.
Submitted by icarus1987 (user info) at 2008-09-10 10:19:21 EDT (#)
Ranking: -2
Submitted by dohnuts (user info) at 2008-09-09 13:12:36 EDT (#)
Ranking: 0
B) My point, seeing how you missed it, was that the CEO, board, VP's etc. were lining there pockets knowing about the fed getting ready to back them. This is why they continued to issue the same loans without a whim or concern for internal restructuring. Obviously, to everyone with a brain, they were going to capsize. That would be the precise reason why I waited to pump money into FRE.
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And my point, Susan, is that behind all this obfuscating speculation re: motives, you're both out there for the same reason. Greed. You both want money. They did some bad things. You gave them money to do bad things with. You both made out.
Now if you just owned up to that, there'd be no problem. You'd be an ass, but at least you'd be an honest ass.
The problem occurs when you profit from said bad things then get up on your soapbox and gripe about them. Doesn't really matter how you spin it or blather on about your motivations. That's call hipocrisy.
Ya dig?
By the way, Michelle, I'm thinking of selling at $0.91 and earning a quick %30 on my initial investment. What do you think??
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OMG POSTURING ON TEH INTARWEBZ???! Alright, fine. Whip it out if it'll make you feel any better. We'll get a tape rule.
Submitted by polyamorousaj (user info) at 2008-09-10 00:04:26 EDT (#)
Ranking: -2
No Comment
Submitted by dohnuts (user info) at 2008-09-09 13:47:29 EDT (#)
Ranking: 0
Let me clarify. I started out bitching in the post however, I was not bitching in my review.
Cheerio!
Submitted by dohnuts (user info) at 2008-09-09 13:12:36 EDT (#)
Ranking: 0
Submitted by icarus1987 (user info) at 2008-09-09 11:43:38 EDT (#)
Ranking: 0
Submitted by dohnuts (user info) at 2008-09-09 11:30:57 EDT (#)
Ranking: 0
I'm making money off of my own money with an implied risk whereas the executives know well in advance what to make of their stock. The point is that I picked an opportune time to levy a calculated risk on the expense of other people. There's always the possibility that I lose my change too, but that's not going to affect anyone other than me.
You dig?
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Right. So, minus all the lily-gilding, what you're really saying is that you're out just out there to make money, while the suits are out there to do something much more nefarious. Like line their pockets. Which is really just another way of saying "make money".
Without shareholder investments and interest, there would be no CEO, board, or series of VP's to commit treacherous acts. If your argument is that those responsible should be shot, then you should probably get in the line forming in front of execution squad B.
So either put your money into responsible stocks, or stop your bitching, nancy.
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A) My name is Nancy and I'm certainly not bitching. I'm actually more watchful of our current situation and just surprised that this is going on pretty much without a fight.
B) My point, seeing how you missed it, was that the CEO, board, VP's etc. were lining there pockets knowing about the fed getting ready to back them. This is why they continued to issue the same loans without a whim or concern for internal restructuring. Obviously, to everyone with a brain, they were going to capsize. That would be the precise reason why I waited to pump money into FRE.
By the way, Michelle, I'm thinking of selling at $0.91 and earning a quick %30 on my initial investment. What do you think??
Submitted by dohnuts (user info) at 2008-09-09 13:07:36 EDT (#)
Ranking: 0
Submitted by Garrik (user info) at 2008-09-09 12:42:34 EDT (#)
Ranking: 0
Jeanneee I was referring to the epic moron who posted this painfully boring tripe.
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Giving how you haven't supported one single iota of information regarding the post, situation, or any derivative thereof I would be hard pressed to value any of your opinion. Point is that I believe you to be a mid 30 year old with no support system outside of his/her bleak, meager, paycheck-to-paycheck existence.
Start with a savings account, toddler.
Submitted by Jeanneee (user info) at 2008-09-09 12:54:19 EDT (#)
Ranking: 0
I see. My first assumption is always that every comment made is directed at me, since it's all about me, you know
Submitted by Garrik (user info) at 2008-09-09 12:42:34 EDT (#)
Ranking: 0
Jeanneee I was referring to the epic moron who posted this painfully boring tripe.
Submitted by redskieslookfake (user info) at 2008-09-09 12:31:16 EDT (#)
Ranking: -2
No Comment
Submitted by Yozz (user info) at 2008-09-09 12:18:39 EDT (#)
Ranking: 1
My opinion? I like popsicles too. And, no, I am not using "popsicle" here as a euphemism for "penis". Grow up.
Submitted by Jeanneee (user info) at 2008-09-09 12:15:59 EDT (#)
Ranking: 0
Toolpouch? I would kick your roided-up ass for that if I weren't 100% sure that you'd put me in the hospital with one hand tied behind your back.
Submitted by icarus1987 (user info) at 2008-09-09 11:43:38 EDT (#)
Ranking: 0
Submitted by dohnuts (user info) at 2008-09-09 11:30:57 EDT (#)
Ranking: 0
I'm making money off of my own money with an implied risk whereas the executives know well in advance what to make of their stock. The point is that I picked an opportune time to levy a calculated risk on the expense of other people. There's always the possibility that I lose my change too, but that's not going to affect anyone other than me.
You dig?
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Right. So, minus all the lily-gilding, what you're really saying is that you're out just out there to make money, while the suits are out there to do something much more nefarious. Like line their pockets. Which is really just another way of saying "make money".
Without shareholder investments and interest, there would be no CEO, board, or series of VP's to commit treacherous acts. If your argument is that those responsible should be shot, then you should probably get in the line forming in front of execution squad B.
So either put your money into responsible stocks, or stop your bitching, nancy.
Submitted by indoninja (user info) at 2008-09-09 11:40:09 EDT (#)
Ranking: 1
Glass-Steagall Act, or more importantly Clinton's repeal of it (not pointing fingers at Dems witht his one, this is all about shortsighted politicians listening to banks) caused this shitstorm.
Submitted by Garrik (user info) at 2008-09-09 11:32:16 EDT (#)
Ranking: 0
GET A LIFE YOU FUCKING TOOLPOUCH
Submitted by Jeanneee (user info) at 2008-09-09 11:31:09 EDT (#)
Ranking: 0
Of course, how silly of me. I reckon a spanking is in order.
Submitted by dohnuts (user info) at 2008-09-09 11:30:57 EDT (#)
Ranking: 0
Submitted by icarus1987 (user info) at 2008-09-09 11:17:33 EDT (#)
Ranking: 0
So the company's VP's, board, and ceo should be shot for a lack of ethics, but you, as a shareholder, are somehow exempt for aiding and abetting them? Explain.
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I'm making money off of my own money with an implied risk whereas the executives know well in advance what to make of their stock. The point is that I picked an opportune time to levy a calculated risk on the expense of other people. There's always the possibility that I lose my change too, but that's not going to affect anyone other than me.
You dig?
Submitted by Jack_McCallum (user info) at 2008-09-09 11:30:45 EDT (#)
Ranking: 0
People have always been greedy and stupid.
*freakin hilarious*
v
v
v
Submitted by Jeanneee (user info) at 2008-09-09 11:03:21 EDT (#)
Ranking: 0
It's been a while since Geometry but I'm pretty sure a triangle has 3 points.
Submitted by dohnuts (user info) at 2008-09-09 11:28:38 EDT (#)
Ranking: 0
Submitted by Jeanneee (user info) at 2008-09-09 11:03:21 EDT (#)
Ranking: 0
It's been a while since Geometry but I'm pretty sure a triangle has 3 points.
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The fed is the other "point" toots.
Submitted by icarus1987 (user info) at 2008-09-09 11:17:33 EDT (#)
Ranking: 0
So the company's VP's, board, and ceo should be shot for a lack of ethics, but you, as a shareholder, are somehow exempt for aiding and abetting them? Explain.
Submitted by Garrik (user info) at 2008-09-09 11:09:40 EDT (#)
Ranking: 0
Jesus f-ing Christ whoever posted this knows absolutely nothing about investing.
...or being heterosexual, apparently.
Submitted by skrapmetal (user info) at 2008-09-09 11:08:24 EDT (#)
Ranking: 0
Florida is where a lot of those foreclosures are occurring. I've picked up two empty lots near my house for real cheap in the past two months. I'm looking at two more, and then maybe a half-finished builder house a couple streets over from my place, to finish while labor's cheap and sell once the market comes back. Condo prices are starting to come up a bit in FL. They usually lead house prices by 2-3 months. The Nature Coast is where you want to buy your land, kids.
Submitted by Jeanneee (user info) at 2008-09-09 11:03:21 EDT (#)
Ranking: 0
It's been a while since Geometry but I'm pretty sure a triangle has 3 points.
Submitted by sexualchocolate1984 (user info) at 2008-09-09 11:01:05 EDT (#)
Ranking: -1
Yup, you gotta love modern political policy. It fucks over everyman just to keep the rich executives in the country.
You can blame good old Gordon cockfag Brown for putting this bank bailout idea into peoples heads.
The Northern Rock fiasco has destroyed public banking.
Submitted by Leonore (user info) at 2008-09-09 10:52:58 EDT (#)
Ranking: 1
The housing market, from my understanding, was already in the shitter well before the Freddie/Fannie debacle hit. This is just another symptom in something that pisses me off much more.
+1 because I'm sick to death of hearing the words "Fannie Mae" and "Freddie Mac" coming out of every speaker and mouth for the last two months.