Freddie Mac stock price indicates serious trouble... [Archive]

ron_paul_silver_dollars

11-21-2007, 02:52 AM

Shares of Freddie Mac, the second-largest U.S. mortgage-finance company, suffered a massive drop of over 28% in just a single day on Nov 20, 2007...

http://bigcharts.marketwatch.com/charts/big.chart?symb=fre&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=5744&style=320&time=6&freq=1&nosettings=1&rand=8834&mocktick=1&rand=260

ron_paul_silver_dollars

11-21-2007, 02:59 AM

One of the world's most successful investors, Jim Rogers, says the Fannie, Freddie declines have long way to go yet:

Video: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vTLdQ0wF3FT4.asf

BTW... I think Jim is right... IMO, 100% mortgage financing with no-money down is extremely wreckless financial planning for the broader economy... and the Federal Reserve should be extremely ashamed of itself for encouraging 100% mortgage financing, and in fact, by encouraging such behavior, may lead to it's own downfall and demise.