OK to invest in Fannie and Freddie? - GoFuckYourself.com

IncaD · 10-01-2008, 11:36 AM

I am kind of new at this.

So Fannie (FNM) is $1.64 and Freddie (FRE) is $1.83.

With this government bailout, could they improve over time or are they like Enron?

crockett · 10-01-2008, 11:56 AM

Hard to say.. I have some stock in them but who knows the govt could still step in and break the companies up and wipe out the share holders. I've heard the rumblings of "if it's too big to fail why let them get so big".

I bought at $6 back when it looked like they weren't going to need the bail out. The stock was doing fine it was up around $10 and I knew I should have sold. Then out of the blue the govt came in and the stock tanked. It was 40 cents a week or so ago.

Just no telling what this govt is going to do these days. You can make money on the short term though, but you just never know if it will go to $3 or .50 cents at this point.

ADL Colin · 10-01-2008, 11:56 AM

More a gamble than anything else.

10-01-2008, 11:36 AM	#1
IncaD Confirmed User Join Date: Jan 2006 Posts: 3,524	OK to invest in Fannie and Freddie? I am kind of new at this. So Fannie (FNM) is $1.64 and Freddie (FRE) is $1.83. With this government bailout, could they improve over time or are they like Enron?

10-01-2008, 11:56 AM	#2
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Hard to say.. I have some stock in them but who knows the govt could still step in and break the companies up and wipe out the share holders. I've heard the rumblings of "if it's too big to fail why let them get so big". I bought at $6 back when it looked like they weren't going to need the bail out. The stock was doing fine it was up around $10 and I knew I should have sold. Then out of the blue the govt came in and the stock tanked. It was 40 cents a week or so ago. Just no telling what this govt is going to do these days. You can make money on the short term though, but you just never know if it will go to $3 or .50 cents at this point. __________________ In November, you can vote for America's next president or its first dictator. Last edited by crockett; 10-01-2008 at 11:58 AM..

10-01-2008, 11:56 AM	#3
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	More a gamble than anything else. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"