Replies to post #3168 on Freddie Mac-No Politics (FMCC)

[puffyk]

Question

I am not an expert in what is going down, but if the government comes up with a firm bailout (not counting all the bad debt , i.e. bad mortgages in the system) and gets presidential and congressional approval, would that not make FNM and FRE go up big time, since they will just be counting the revenues and taking off the balance sheet the bad mortgages?

Add in the stop of short-selling until Oct 2nd (which I think will eventually be expanded and the uptick rule put back into place), should this not go up to $3-10 within the next 2 weeks?

I can be way off, but just an average guy reading these things :)

[machcobra]

Securities and Exchange Commission proposed a 10-day ban on short- selling on 799 financial stocks

Here we are again, Cox and his bandaid! 799, why NOT ALL of them and for 10 days? Give me a friggin break!