Watch Our Government Make Insiders Even Richer

In previous posts I criticized regulators for not shutting down trading in insolvent stocks like Fannie Mae and Freddie mac.

Watch the details of the takeover of those companies. I guarantee the regulators will not do the right thing and take them over the same way as banks are taken over, by eliminating the common stock completely.

We know 9 percent of m ortgages are bad and Fannie and Freddie only have 3 percent capital so they are insolvent by 300 percent, so the stock is worthless.

Watch the regulators do a takeover sufficiently complex that you and I do not dare buy the stock immediately, yet the Wall Street insiders will know the true value and will get even richer by having access to information that you and I don’t.

Put em all in jail.

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