Interesting video discussion by John Authers of the FT:
click for video:
via FT, September 8 2008,
Comparing Fannie to Bear
Interesting video discussion by John Authers of the FT:
click for video:
via FT, September 8 2008,
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Great comparison.
It is sarting to look like the Bear Stearns bottom in march. Markets could rally 4-8 weeks from here, and that would mean that the markets hold up until the election.
Objective acheived!
Objective acheived! AMEN TO THAT BROTHER
Problem with that thinking, blin, is that the market in March was aggressively selling off because of Bear prior to the rescue. While there has been some skepticism regarding FRE/FNM recently, there hasn’t been what I would call a dramatic sell-off induced by the GSEs. Therefore, I don’t see a rebound being anywhere near as strong this time around.