OPENING JUMP FOR EUROPE STOCKS ON FANNIE, FREDDIE SEIZURE; UBS LEAPS 8%
Call it a melt upGlobal stocks, U.S. futures surge on Fannie Mae, Freddie Mac seizure
Global rally on back of plan to rescue beleaguered mortgage giants. • U.S. stock futures leap Gold, oil rise
Call it a melt upGlobal stocks, U.S. futures surge on Fannie Mae, Freddie Mac seizure
Global rally on back of plan to rescue beleaguered mortgage giants. • U.S. stock futures leap Gold, oil rise
BAILOUT U.S. seizes Freddie, Fannie Treasury Secretary Henry Paulson (left) and Federal Housing Finance Agency Director James Lockhart announce the FHFA will take control of mortgage giants Fannie Mae and Freddie Mac. Bernanke says move will strengthen housing market.• FDIC to help small banks with exposure to Freddie, Fannie• Reserve debt, reserve judgment? (First Take) Likely fall for Fannie, Freddie
Bottom-line here folks: the people just got screwed, the banks just received an executioner's stay and are still on death row, and you have just witnessed the biggest fleecing of America since the purchase of a $600 toilet seat. Oh the simalarities........
Bottom-line here folks: the people just got screwed, the banks just received an executioner's stay and are still on death row, and you have just witnessed the biggest fleecing of America since the purchase of a $600 toilet seat. Oh the simalarities........
Be VERY careful going long here. Take profits quickly. The SPY chart shows the levels that will be tested.
This rally may be the bulls last stand and plainly conveys the DIRE situation in housing and the continued rise of foreclosures. When the VIX bottoms out the Bulls are DONE....
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