Is Anybody Out There Watching the FREE FALL of Fannie and Freddy???

By
Real Estate Broker/Owner with Lazarus Realty

Damn!  It's a friggin MARKET MELTDOWN!  Looks like America is going to hell in a handbag.

Right now FRE is down 33% to $5.32 and FNM is down 31% to $9.08

FRE was $63.00 just last October. NOW ITS A PENNY STOCK!

THIS IS NOT GOOD! 

 

 

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Rainer
20,689
Nathan Diones
Regioncy Real Estate - Redlands, CA

Wow! Thats a bummer! Thanks for the information.

Jul 11, 2008 03:32 AM #1
Rainmaker
645,189
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

Nice hat.  There is always opportunity, even when there is a problem!  That is how this country has survived so far.

Jul 11, 2008 03:35 AM #2
Rainer
102,889
Robert Huntsinger
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount

Yup Randy,

It is the end of the world as we know it.  I am very concerned about the short term fall out for our industry.

Jul 11, 2008 03:40 AM #3
Rainer
91,292
Jimmy McCall
JimmyMcCall.com - Cunningham, TN
The Ex-Mortgage Consultant

Randy,  I have not even thought to look at their stock prices.  I have been reading articles about their financial mess but I guess there is no better gauge than stock price.

Jul 11, 2008 03:41 AM #4
Rainer
78,139
Rebecca Schrader
Competitive Insurance of Dundee - Dundee, FL

They are certainly having issues lately.  The government seems to want to keep them solvent but stand back in the shadows.

Jul 11, 2008 04:14 AM #5
Rainmaker
113,573
Jane Wallace
HomeSmart Cherry Creek - Denver, CO
CRS | SRES, Denver Real Estate

The Sky Is Falling (I think the Current Government wants everyone to have at least 1 Foreclosure in Their Lifetime) You've been BUSHED!!

Jul 11, 2008 04:20 AM #6
Rainmaker
79,032
Randy "Lazarus" McAtee
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California

I shoulda bot at least a thousand shares of FRE in the AM that day for the bounce but my butt was too puckered!  It ended the day over 7 bucks!  Now back down to $5.26

 

Jul 15, 2008 02:45 PM #7
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Rainmaker
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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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