Skip to main content

FREDDY MAC IS HOT FOR FANNY MAE, BUT WHill WILL INDY MAC go down with that ?

IF YOU WERE OBLIVIOUS TO THE  ECONOMIC  AND FINANCIAL NEWS  HAPPENING OVER THE WORLD RIGHT NOW . im sure  you would be wondering what is this all about is this a burger chain gone down...  For all its mighty worth ... these  huge banks  in the us  sound real funny with these sorta names.

ALL IT TAKES IS A  "mac "  and a "fanny"  from the US of A  to bring down the world financial markets  and give everybody a hard time.

Indy mac bank -official website

Last week, a large California-based mortgage lender with loans of about $33 billion, IndyMac Bank, was placed under the regulatory control of the Federal Deposit Insurance Corporation after $1.35 billion in deposits was withdrawn in one month, a run that sent it to the wall. The lender resumed business yesterday under a new name, IndyMac Federal Bank, but the cost to American taxpayers of keeping the bank in business and avoiding any wider fallout will be substantial. About 10 per cent of the corporation's $55.2 billion Deposit Insurance Fund is expected to be spent propping up IndyMac.

FANNIE MAE & FREDDIE MAC -Official website Alarm bells are ringing about the solvency and liquidity of Fannie Mae and Freddie Mac, which together own or guarantee about 40 per cent of America's home loans. Like IndyMac Bank, these two lenders will not be allowed to fail or rather cannot be allowed to fail but the cost of federal intervention, should it be required, will be a severe test of the US economy. Some estimates are that an injection of public capital in the two banks could add up to $5 trillion to the US national debt of about $9 trillion.

If the American economy probably already in technical recession, but certainly labouring under the effects of the credit squeeze, and with consumer confidence hovering at a 28-year-low had to digest a partial or full-scale bail-out of these two mortgage lenders, the shock to the housing and financial markets, and to the already weakened American dollar, would be considerable.Fannie Mae's and Freddie Mac's share prices have collapsed on fears about future losses and the dilution of shareholder value arising from new equity raisings, but some commentators argue the banks are in no immediate danger

Popular posts from this blog

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.