news today

InBev’s offer for Budweiser was accepted, but more importantly Fannie Mae and Freddy Mac edged closer to failure. Even after the Fed’s assurances the stock was down several percentage points. It’s obviously not an adequate corollary but when Bear Stearns was bought out with government backing it gained $8 from its initial purchase price of $10. However today shows that the US Government is itself edging closer to insolvency–it’s word carries half or less of the weight that it did before the subprime crisis hit.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s