Tag:
Federal Takeover
Latest Headlines
Latest Headlines
Winners and losers in the Fannie, Freddie mess
The news of the federal takeover of Fannie Mae and Freddie Mac spells really bad news for value investors--notably Bill Miller, who just couldn't believe that a beaten down stock wouldn't bounce back. He never learned his lessons, averaging in as financial stocks plummeted. Last week, when Freddie
Does IndyMac presage a slew of failures?
We've been suggesting that a string of bank failures may be around the corner. The federal takeover of Pasadena-based IndyMac--the second largest bank failure ever--serves as a timely reminder. After devastating Wall Street, the credit crunch is starting to hit Main Street in a big way. IndyMac wa
