QuickStockAnalysis.com

COMPLETE fraud as U.S. Government takes over two entities that have sufficient reserves to meet obligations for six quarters and are nowhere near bankruptcy.
Major Class Action lawsuits will begin shortly.
Secty of the Treasury Paulson announced two weeks ago that both FRE/FNM had enough in reserves and that there was not a problem. Citi and Lehman also reported their analysis that FNM/FRE had sufficient reserves.
Only warning former FED. RESERVE chairman Greenspan (who works for a hedge fund that earned 12-billion dollars last year shorting financial stocks). We also were privy to a completely unsubstantiated White House and Treasury “leak” via an article in Barons. If White House was aware of a problem…they should have stopped trading two weeks ago instead of having Secty of Treasury Paulson calm investors that FRE/FNM had enough reserves and did not warrant government intervention.
We must initiate CLASS ACTION LAWSUITS or have the government reimburse investors who relied on government issued reports that failed to warn of any impeding government take-over.
Bear Sterns had a $10. bailout….government is responsible for this massive decline in equity position of both FNM/FRE AND should be held accountable.
This is no different then when Russian Government took over privately held oil conglomerate.
SEC must investigate and Supreme Court must rule on this illegal and unauthorize seizure of a privately held entity.