Freddie MAC--FMCC

[Skydaemon]

freddie suggests trying multi-family housing if you want a home in the future

Dunno why I find that funny but I do.

Then this from a freddie exec:

Today 10:02am
Freddie Mac Executive says mortgage insurers will probably be cut below AA-, has no 'points of contention' with auditors on ABS
- Says mortgage insurers will be able to pay all claims, and monoline-insured bonds will not produce credit loss and FRE has stopped buying insured bonds
- CFO: FRE is 'so far away' from point where it will recognize impairment on ABS portfolio,



Yeah right. "We're totally hiding it dude!"

Wasn't the downgrade of those guys the whole "end of the economy" scenario we've been walking on eggshells to avoid and lying about.

Here's the full page of freddie quotes for the day, amusing read.

freddie news sheet

[greencat]

FRE- Higher low and could very well make high. Nice set-up.

FRE Chart

[invernyse]

We analyzed FRE yesterday, and the buy signal is accomplished. Stop loss 1,29

[greencat]

Freddie Mack has a very nice setup and I fully expect it to move up and complete the cup patterrn.

FMCC Chart

[BadThad]

Freddy and Fanny still scare the bejesus outta me.

[greencat]

Originally Posted by BadThad

Freddy and Fanny still scare the bejesus outta me.

You have nothing to fear but fear itself..FDR

Freddie Mack has a very nice setup and I fully expect it to move up and complete the cup patterrn.

FMCC Chart