FNM/FRE: 1.6 Trillion questionable !

Discussion in 'Trading' started by Digs, Jul 12, 2008.

  1. Digs

    Digs

    From Mr Mortgage

    http://www.youtube.com/watch?v=WzUjccc9eHQ

    $1.6 trillion questionable value in loans.
    Defaults rising in these:
    ALT A - risk growing
    Prime - risk growing


    Sub Prime crash is over. Defaults falling off.

    Smartest money is hurting bad, as they hold FNM-FRE mortgage backed investments which are loosing value. These guys want government funding to limit there losses ! (Just like the $300bn housing bailout in the senate now!)

    The USA Taxpayer will save the rich boys, just like Bear Sterns shareholders who got paid $10 a share instead of $2.

    The housing market has lost 16% due to price bubble, it will loose another 10% if employment dives. And who says employment wont crash, the ripple in the pond is spreading wide !

    SHORT USD, LONG GOLD, SHORT STOCKS, LONG OIL.