Les and Simon are a couple of “Stock Capitalists” that scour thru literally hundreds of stock market related sites, newsletters, e-mails, blogs, etc… and “siphon” out great ideas, quotes, recommendations, and stock market related information. They have been trading the stock market for more than 20 years and offer some of their insight and best articles of interest.
Fannie & Freddie Govt. Takeover
16th October 2008 by Ken Comments OffThe government’s planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as this weekend. Treasury Department concluded that Freddie’s accounting methods had overstated its capital cushion, according to the New York times. The proposal to place Fannie and Freddie into a government-run conservatorship grew as the fear that foreign investors might not be repaid.