Replies to post #8888 on New Century Energy Corp (fka NCRE)

[mildtrans]

Freddie Mac and Fannie Mae are bailed out by US governm. aka. taxpayers.LOL

[Wiseguy_312]

Well damage, freddie and fannie lost a lot of value, but percentage-wise, they didn't come anywhere close to the magnitude of ncey's freefall. We're talking several thousand percent drop in price. I agree with bme though. This stock is traded by a lot of hacks that are just in for a quick buck. That explains some of the drop.

[feinanddandy]

Ummmm, Damage, I wouldn't put Freddie and Fannie near this conversation. Once the government stops stealing billions of dollars from America and hiding it in Mortgages no one can afford, they too will need "Real" financing that no one in their right mind would give to them.

$5 Trillion debt, even the $25 Billion the Government is going to give them for aid is like putting a bandaid on one of those legs you mention being chopped off!

PS They're both down 70% in stock value as well. They fared horribly IMHO.