Is Fannie Mae and Freddie Mac Done??

Hello...what is going on in the mortgage world. Fannie Mae and Freddie Mac are publically traded stock companies.

What kind of reasoning is taking these stocks lower and lower??

Speculation is creating a run on the bank so to speak. When Wall Street puts a target on your stock, the market makers will create some action.

Many people don't know you can make money on a stock falling as well as going up. That is what is happening.

I read that less than one percent of their loans are failing, yet we have a near collape of the system because the talking heads on the daily financial news shows have put it in the spotlight. Never mind that the stock holders are loosing thier shorts, thier life savings in some instances.

We have an investor who says he will buy a commercial building in town as soon as GM stock gets back to 17.50. Problem is, today it closed under 10.00. All I can add, is we can purchase property from Bank Portfolios for about 55 cents on the dollar.

So, if the stock market is making you crazy with all of its volitilties, then lets talk. Mike Norvell Sr of Developers Capital Realty has a list of many deals in this price range...We now even are dealing, thru a joint venture, in houses and condos as well.But we are acquiring these in bulk.

I think we should take some of that wasted money I hear about in Congress and place it into Fannie Mae & Freddie Mac. About a a 100 billion to save our system in our own country is a bit smarter than wasting it on some of the Govs pet turkeys. A lot of good money from normal hard working citizens is at stake here...

So my vote is to fund Freddie Mac, and save our banking system. Even Jim Cramer of "Mad Money" feels we canot take another big hit without a collapse.

I know the late night TV is full of internet trading informationals, but this is no time for many of our seniors to be investing in less than a sure thing.

I feel we have a sure thing going on over here..We can offer values of 50 cents on a dollar. We have commercial building that throw off cash every month, and we have industial parks that are also 50 cents on the dollar...Come and get it.....

I'm not Jim Cramer, but I know a good deal when I see it...