The dow is under 11,000

[LiveFree79]

I know just givin' you a hard time

Just seems whenever it's a down day the next day is always a rally and then another down day. This must be stressing people out big time.

 

[Archie]

good time to buy at this low when it goes short of 13 thousand in a month or less its gonna make some poeople alot of money , then they will use that profit to buy gold at the next currection then they hyper shortrend cycle starts again LOL!!!

 

[Maverick]

One of these days, somebody's going to have to explain to me just what the hell Freddie Mac and Fannie Mae are. Are they like another quasi-governmental organization like the Fed?

 

[LiveFree79]

One of these days, somebody's going to have to explain to me just what the hell Freddie Mac and Fannie Mae are. Are they like another quasi-governmental organization like the Fed?

Yes. Government "sponsored" organizations. Not sure whether they are private or in fact federal though.

 

[angelatc]

One of these days, somebody's going to have to explain to me just what the hell Freddie Mac and Fannie Mae are. Are they like another quasi-governmental organization like the Fed?

Essentially it is just the government intervening in the mortgage market. I'm sure your eyes are open enough to read between the lines:

http://useconomy.about.com/od/governmentagencies/p/FNMA.htm

http://useconomy.about.com/od/governmentagencies/p/FHLMC.htm

 

[icon124]

For those of you speaking on the unemployement rates:

you do know that the numbers now are not as low as the dot com crash right? So with that mind do you think they will get that low, or is the Government artifically trying to keep the numbers up?

 

[bucfish]

Notice how none of the Financial News centers talk about how the DOW went below 11k today. Are they scared? I think so. The downturn is happening quickier than I ever thought. Thought we had til at least 2010!

 

[RideTheDirt]

One of these days, somebody's going to have to explain to me just what the hell Freddie Mac and Fannie Mae are. Are they like another quasi-governmental organization like the Fed?

Fannie Mae was created as the Federal National Mortgage Association in 1938, under President Franklin Roosevelt, to ensure that mortgage lenders had sufficient money to lend to home buyers during the Depression.

Just something I found on Google news.FDR-Screwing Americans for decades!

 

[Zippyjuan]

Darn that FDR for helping Americans buy homes instead of paying some landlord. What was he thinking? That could put landlords out of business!

 

[Fox McCloud]

Darn that FDR for helping Americans buy homes instead of paying some landlord. What was he thinking? That could put landlords out of business!

it's not the government's duty nor job to provide tax-payer subsidize loans to people, not to mention that the Great Depression wouldn't have happened if we had just stuck with a gold-backed dollar.