More pain to come …

Still investors cover their short positions before a weekend as manipulation could strike …

But at the end … news is becoming worse every day … so market seemingly has no chance to foot a longer lasting recovery …

As only small banks go bankrupt, the bigger ones get nationalized …

Freddie Mac is about to “ask” for another 35bln$ … just to sqare off Q4 …

Remember they received 14bln$ in November … time flies

Don’t think, that Fannie Mae won’t need money, too …

One thing to be aware of … These 2 companies agreed a 10% interest rate on these government funds … BUT … not even in the GOOD times … they would be able to pay the interest on the already drawn funds … which makes them WORTHLESS … even the few pennies left in stock prices … ARE TOO HIGH!!!

The Washington Post reports … over the weekend …

- that the 700 bln$ bailout package for the financials will need another 300 plus bln$ “upgrade”

- that even the 825 bln$ stimulus package is not big enough and should be “upgraded”

Too be honest … even my self as a BEAR is scared now …

WHY??? I doubt, that my earned money will have any value, when I plan to spend it …

currency reform or hyper inflation … AUTSCH!!!

Tags: bailout, currency reform, Freddie Mac, stupidity

This entry was posted on Sonntag, Januar 25th, 2009 at 19:30 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.