Discussion in 'Stocks' started by illiquid, Mar 6, 2008.

  1. Anyone have a clue what's going on here?
  2. nverse


    The rumour is that FNM is going to suffer "the mother of all writedowns".

    The reason why NLY has been doing so well recently is the CMBS it holds are all backed by the (up until now) supposedly unimpeachable rating of Fannie and Freddie. I guess people are starting to wonder if they are in fact 100% safe holdings.
  3. Daal


    the chance that the government doesnt bailout the GSEs is just about 0 no matter what they say