Cartoon: Fannie Mae & Freddie Mac

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From a Wall Street perspective, is the 3rd quarter looking attractive to you?

Suggested by: HeyChief

Two satellites, one Russian and one American, have collided some 800 kilometers (500 miles) a...

- greggo
The FMs should either be fully private or fully public. The current setup of shareholders get paid when the going is good, but taxpayers paying for the bailout when the so-called private company screws up is not cool.
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- BanMaster
Ten Bear Market Phases

1. A huge 'buy the dip' mentality sets in during the initial decline. Most party goers cannot fathom that party has ended.
2. Moderate concern sets in when 'buy the dip' stops working.
3. Initial panic.
4. Numerous bottom calls are made, all wrong.
5. Search for the guilty.
6. Punishment of the innocent.
7. More panic.
8. Lawsuits fly.
9. Regulatory power is given to those most responsible for spiking the punch bowl.
10. Congress gets in the act and makes things worse

Steps 4-10 are repetitive, may overlap, and may occur in any order during repetition. Certainly there have been numerous bottom calls for months now, but each rally has failed.
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