Fannie and Freddie "Doomsday Scenario"

Discussion in 'Trading' started by Clubber Lang, Jul 10, 2008.

  1. I would dare say Fannie and Freddie are insolvent as of right now. Forget write downs, I'm willing to bet revenue next quarter collapses, and they burn up all their free cash to pay the interest on trillions of debt.

    They can't sell shit because all there assetes are no bid level 3.
  2. I put Freddie and Fannie on the same level as IMB and TMA.