Comments on: Why Investors Are Down on Fannie Mae http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: jest http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae.html#comment-4924 jest Sun, 09 Mar 2008 19:52:00 +0000 http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae/#comment-4924 i'm *amazed* that no one saw this coming. i looked at their numbers a couple years ago and they were a complete DISASTER back then. <br/><br/>and that was when the RE market was still ok.<br/><br/><br/><br/>and as far as a gov't bailout, how? <br/><br/>where is the gov't going to get the money? <br/><br/>these are huge liabilities, and the gov't has enough trouble paying its bills now. i’m *amazed* that no one saw this coming. i looked at their numbers a couple years ago and they were a complete DISASTER back then.

and that was when the RE market was still ok.

and as far as a gov’t bailout, how?

where is the gov’t going to get the money?

these are huge liabilities, and the gov’t has enough trouble paying its bills now.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae.html#comment-4920 Anonymous Sun, 09 Mar 2008 18:36:00 +0000 http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae/#comment-4920 Also, since there is no market to these things currently, how can you mark to market? Also, it is correct that since they intend to hold to maturity, they should not have to mark to market. Also, since there is no market to these things currently, how can you mark to market? Also, it is correct that since they intend to hold to maturity, they should not have to mark to market.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae.html#comment-4918 Anonymous Sun, 09 Mar 2008 18:25:00 +0000 http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae/#comment-4918 It should be noted that the Government pressured Fannie and Freddie to take on these ALT-A loans so the Government should back up Fannie and Freddie It should be noted that the Government pressured Fannie and Freddie to take on these ALT-A loans so the Government should back up Fannie and Freddie

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae.html#comment-4915 Anonymous Sun, 09 Mar 2008 17:26:00 +0000 http://www.nakedcapitalism.com/2008/03/why-investors-are-down-on-fannie-mae/#comment-4915 "Should Fannie or the similarly hobbled Freddie Mac buckle, the government would no doubt bail them out and honor their debt and mortgage guarantee obligations." But the increased spreads with Treasuries indicate that at a minimum the "honoring" would take some time. “Should Fannie or the similarly hobbled Freddie Mac buckle, the government would no doubt bail them out and honor their debt and mortgage guarantee obligations.” But the increased spreads with Treasuries indicate that at a minimum the “honoring” would take some time.

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