http://www.realestateindustrywatch.com/feds-assume-control-of-fannie-mae-and-freddie-mac/ Real Estate News - Free and Up to the Minute Wed, 08 Feb 2012 11:33:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.realestateindustrywatch.com/feds-assume-control-of-fannie-mae-and-freddie-mac/#comment-377 Ralph N. Ausenhus Mon, 08 Sep 2008 03:02:02 +0000 http://www.realestateindustrywatch.com/?p=108#comment-377 I reckon that it is all well and good that the two mortgage giants are being bailed out but couldn't it have been done without sacrificing shareholders? Shareholders were unsuspecting of these coming events by the Fed. There was no warning whatsoever. I think it even took the two mortgage giants by surprise/maybe. There was nothing to warn investors of the impending doom that was dropped on them after MARKET CLOSE ON THE 5th OF SEPTEMBER, 2008. Talk about stealing. Is this how the big fancy boys from wall street do it. They do it with a suit and tie and an attache case. Whow. I don't know who I have less respect for, these guys or actual bandits with guns going into banks and robbing them. I fail to see the difference. Fannie Mae and Freddie Mac showed no indication they were heading for trouble. Actually both of their stocks were up at the close of markets last Friday. But for the government to come in and rip off the investor-that's pretty low. But when your the supreme law of the land, what is one to do. I think it should be called what it would have been called several years ago/bankruptcy. Now they have a new-fangled word-CONSERVATORSHIP. They have a euphemism for everything now you know. Of course the governments timing of this event worked out well for them and against the investor. The government knew all along how they were going to handle this mess. Wait until after the stock market closes on Friday and do the deal over the weakend and spring it on the investors before opening bell on Monday morning, before the investor can close out their stocks. I reckon that it is all well and good that the two mortgage giants are being bailed out but couldn’t it have been done without sacrificing shareholders? Shareholders were unsuspecting of these coming events by the Fed. There was no warning whatsoever. I think it even took the two mortgage giants by surprise/maybe. There was nothing to warn investors of the impending doom that was dropped on them after MARKET CLOSE ON THE 5th OF SEPTEMBER, 2008. Talk about stealing. Is this how the big fancy boys from wall street do it. They do it with a suit and tie and an attache case. Whow. I don’t know who I have less respect for, these guys or actual bandits with guns going into banks and robbing them. I fail to see the difference. Fannie Mae and Freddie Mac showed no indication they were heading for trouble. Actually both of their stocks were up at the close of markets last Friday. But for the government to come in and rip off the investor-that’s pretty low. But when your the supreme law of the land, what is one to do. I think it should be called what it would have been called several years ago/bankruptcy. Now they have a new-fangled word-CONSERVATORSHIP. They have a euphemism for everything now you know. Of course the governments timing of this event worked out well for them and against the investor. The government knew all along how they were going to handle this mess. Wait until after the stock market closes on Friday and do the deal over the weakend and spring it on the investors before opening bell on Monday morning, before the investor can close out their stocks.

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