Father loses 100k of son's education value investing in Freddie

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ukyo116_IHB

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I'm speechless....



<a href="http://themessthatgreenspanmade.blogspot.com/2008/09/sorry-about-that-college-money-boys.html">http://themessthatgreenspanmade.blogspot.com/2008/09/sorry-about-that-college-money-boys.html</a>
 
Good man, hard worker, but he made some bad decision. I remember ALOT of people made bad decisions during the tech bubble burst.



joy

-bix
 
As Warren Buffet says, people do stupid things to chase a slightly higher yield.



Also, never put all your eggs in one basket, he should have diversified.
 
Although I feel bad for this guy, he really was stupid. The biggest problem with college savings right now is the people who did the right things and are still losing. Thankfully, my children are small so hopefully the losses will be recovered and will turn to gains by the time they are ready. Those of us investing in 529's and doing things the way we are "supposed" to do it have been losing big for the past two years. I have 25% less in my kid's 529 than I have put in. I'm sure that spells big trouble for the parents whose children will be of college age in the next 1-3 years.
 
defn this guy tried to make some big bucks, but don't u guys think, our US govt is making a big fool out of us. They r saving big players like china, russia, singapore, gulf countries bank but not the US people whom they r suppose to serve, but its other way.

This comments truly said all.

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None of you get it. Since 1938, Fannie Mae has been portrayed as Government backed company. Which has made the entire country feeling safe about the company.



Additionally, they offer the opportunities for people to invest money and earn 8.25% with that belief that the Governement was backing them. But what happens, the Government steps in and wipes out every taxpayer savings and decides that they will be paid 10% interest per year for helping out Fannie Mae. In the past week, I have watched "retiree's" get lose their savings because they were told by the banks, "it's a great investment".



For those who mock and laugh at this guy who felt he was doing right for his family, better take a look at their next 401K statment and see how you will be effected. Oh by they way, not only will American's lose alot of money from this, we will also be left to pay for it.



I just want to say a sarcastic " thank you" to our government for pulling out the rug from underneath us again.



P.S the Super Super Super Rich were not effected by this.
 
Chasing yeald were we?



Okay, seriously. Have you read any of the posts of the topline blog? This is kind of a Real Estate Bears' Den. We all knew what was going to befall F&F, and Indymac, and Countrywide, and WaMu, and...........and most of us had enough brains to follow our own advice.



Seriously, are you the guy they wrote about in the article? Talk about not doing your homework.
 
here we r not talking about the investing? we are talking about the US govt. 1 day Paul comes and tells everybody both F&F r financially sound and just 1 week after, boom, US govt is taking over and all the stock holders r wiped out. also instead of pointing fingers here and there, talk some sense, not whether u r in the article kind of nonsense.
 
[quote author="irvine2010" date=1221539242]here we r not talking about the investing? we are talking about the US govt. 1 day Paul comes and tells everybody both F&F r financially sound and just 1 week after, boom, US govt is taking over and all the stock holders r wiped out. also instead of pointing fingers here and there, talk some sense, not whether u r in the article kind of nonsense.</blockquote>


I don't know. When the government tells me everything is OK, I assume it is a lie because if everything really was OK, they wouldn't need to tell me. In fact, it is probably a safe short strategy to sell short every investment the government says is sound.
 
Bank run tomorrow ;)



Guess the lesson here is if you're going to lever up, do it right. Involve as much money and as many other shaky institutions as possible. Keep it all hush-hush until the regulators show up at your doorstep. Then when they see the scale of the web you've woven, just shrug and wait for a government loan. Lehman apparently F'ed up, or maybe the regulators simply showed up before they had a chance to really get the ball rolling.
 
[quote author="irvine2010" date=1221539242]here we r not talking about the investing? we are talking about the US govt. 1 day Paul comes and tells everybody both F&F r financially sound and just 1 week after, boom, US govt is taking over and all the stock holders r wiped out. also instead of pointing fingers here and there, talk some sense, not whether u r in the article kind of nonsense.</blockquote>


Here's some advice. The Maker gave you a brain. Try using it sometime.



Why am I wasting my time with this donkey?
 
[quote author="no_vaseline" date=1221554815][quote author="irvine2010" date=1221539242]here we r not talking about the investing? we are talking about the US govt. 1 day Paul comes and tells everybody both F&F r financially sound and just 1 week after, boom, US govt is taking over and all the stock holders r wiped out. also instead of pointing fingers here and there, talk some sense, not whether u r in the article kind of nonsense.</blockquote>


Here's some advice. The Maker gave you a brain. Try using it sometime.



Why am I wasting my time with this donkey?</blockquote>


i still don't understand why u have to talk nonsense all the times, when u don't even understand what we r talking about? as far as donkey is concern, only donkey can see others as donkey.
 
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