Fannie and Freddie Get Some Moola

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July 14, 2008

“It is time to recognize that the GSEs were always dependent upon government support and now we must make the implicit explicit,” said Christopher Whalen, co-founder of independent research firm Institutional Risk Analytics in Torrance, California

Read the word at Bloomberg

The futes are up big on the news which is great for my long trade.

I make I my business not to repeat news, but this is important news that relates to the temporary bottom put in on Friday, plus it relates to my long trade too. Did I mention I’m long?





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