07-13-2008, 02:26 PM
Just wondering what the 5 billion bucks Freddie Mac has due tomorrow, and their ability to raise it, is going to have on the markets. Any guesses before the bell rings?
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Crash tomorrow?
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07-13-2008, 02:43 PM
I think the Federal Reserve and the Treasury have set up some sort of guaranteed purchase of the paper coming up tomorrow. Or so sayeth the ABC news. Still, it probably won't be a pretty day on Wall Street, given all the other stress on the markets.
Cheers, Jerry
07-13-2008, 02:49 PM
I heard the fed was going to bail em out, which won't be good but not a crash!
Gordon J Tilley
07-13-2008, 02:59 PM
gtill -
According to this article, the Feds aren't going to be helping em out. What this means to Hawaii, is less retirees that live off their stocks will be able to move here during this volatile time. ------- Rally For the Plan
07-13-2008, 03:03 PM
As I read it, it doesn't look to me that the Fed can actually afford to bail anybody out at this moment. I fear that may well be consensus. We're going to learn a lot here in a few hours.
07-13-2008, 03:42 PM
Damon, the sink or swim notice is for all but Freddie & Fanny, they're covered.
It's going to be the earnings reports for the rest (basket cases, some down over 50%). The question is will the dow bottom at 10K. It was a situation like this,going broke,need revenue that ended prohibition. Billions saved and a new revenue resourse. Make the pakalolo estimate 300$ + tax!
Gordon J Tilley
07-13-2008, 04:06 PM
Good point, 1 year retroactive on the whole island might pay the national debt!
Gordon J Tilley
07-13-2008, 04:10 PM
If/When they legalize and tax Pakalolo... At $300 an oz, I'm "quitting my day job" and growing weed![:o)]
I'd be happy to pay taxes on a commodity that goes for that price and the demand is that HIGH. [^] ------- Rally For the Plan |
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