Brace yourself! The U.S. Stock Market May "Crash!" - Page 12 - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #111 of 111 (permalink) Old 07-11-2008, 07:32 AM
BenzWorld Elite
mcbear's Avatar
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Why did my question go unanswered back in January.

Maybe while the market was at 13K it was not as important.

And again, the folks like Fannie Mae [which started this search] was around 35 when the question was asked and we were discussing the Feds bailout of them and RISK/REWARD and how some stockholders were getting a skate. How The sector was getting bailed at taxpayers expense.

But the consensus was that the FED knew what it was doing and that, even at 40, down 30 in just six months, the bailout of Fannie and Freddie would make everything right.

Nevermind that the Quarterly said "there is more shit coming down the road", or words to that effect. But we needed a show, Fannie was at 34. Let's fix it. So we infused cash into the system. Let's see how it did. It has been six months.
01/24/08: 34.19
07/11/08: 08.50

Stock decline as Fannie, Freddie fall sharply
Friday July 11, 10:27 am ET
By Tim Paradis, AP Business Writer
Stocks tumble in early going amid worries about Fannie, Freddie; oil sets fresh records

NEW YORK (AP) -- Stocks tumbled Friday as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further into record territory.

Fannie and Freddie at times each lost more than 40 percent on growing speculation that a government bailout is needed. A collapse of the two financiers would cause further shock to the financial system, and trigger more losses to banks and brokerages with significant holdings of mortgage-backed securities.

Global banks and brokerages have scrambled to sell assets and raise capital in an effort to offset nearly $300 billion of write-downs linked to the credit crisis. Citigroup Inc. announced Friday it will sell its German retail banking operation to France's Credit Mutuel for $7.7 billion.


Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.

Last edited by mcbear; 07-11-2008 at 07:34 AM.
mcbear is offline  
Sponsored Links
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Topic Author Forum Replies Last Post
225/70R14 on stock "bunt" wheel on 500sel, sand traction anybody? chrisW126 W126 S,SE,SEC,SEL,SD,SDL Class 5 02-06-2007 11:24 PM
New Old Stock AMG "Penta" Center Caps brucemendel W126 S,SE,SEC,SEL,SD,SDL Class 46 12-20-2006 07:41 AM
Identify these "stock" MB Head Units? SpitzeStrom_Terp R170 SLK-Class 17 12-10-2006 12:50 PM
For Sale: "stock" springs / shocks / spring pads... like new condition. OJwerks For Sale/Wanted/Trade/Giveaway 13 10-26-2006 01:22 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Title goes here

video goes here
description goes here. Read Full Story
For the best viewing experience please update your browser to Google Chrome