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Fannie Mae: Plain Vanilla or Chocolate Sundae?

Monday, October 6, 2008

Fannie Mae: Plain Vanilla or Chocolate Sundae?
Market Update: Things are not looking great post Bill passage. I have a funny feeling in the pit of my stomach.

VIX: Not yet open. Closed Friday at 45.14, and speculate we will see 50+ today.

The Ted Spread: 3.89 this morning, up from Friday (higher is not better)

Overseas stock markets are down fairly large, and S&P futures are down large.

"In A System Designed For Plain Vailla, Like Trying To Push A Chocolate Sundae Through Its' Gears"

To see the rest of the story, please go to http://commercialmortgagehotline.blogspot.com .

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Posted by Michael Haltman on 10/06/2008 06:11 AM

Comments (5)

Fannie Mae in the ActiveRain Channel

bailout bill, banks, bipartisan politics, chocolate sundae, fannie mae, futures, gse, mozilo, plain vanilla, stock market, ted spread, vix

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5 Comments on Fannie Mae: Plain Vanilla or Chocolate Sundae?

OCT

2008

Mmmmm......I love chocolate. But I also love my money! Hopefully, I will keep it all.

The bill was a bandaid on a huge wound... It will NOT do what was intended and I suspect that Congress will be trying to pass ANOTHER emergency bailout bill in 6 months or less... Mark my words!

Hang on! Its going to be a wild ride for sure!

Well we all know Wall Street rises on the rumor and falls on the fact. The bailout ,even though we were allowed to believe this, is not going to fix things. What it will do , hopfully is keep the credit markets going and ease the fall. But the fall is here .

JUL

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