Cramer: Freddie Mac and Fannie Mae Are "Technically Insolvent"

From Cramer’s "Stop Trading" yesterday. 

Freddie Mac & Fannie Mae are “technically insolvent – and everybody knows it”.

Cramer also said, "I don’t think that America is as concerned as it should be." 

I disagree with Cramer on a lot, but when he says that America is not as concerned as it should be, I’ve got to agree with him.

 

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1 Comment for this entry

  1. Chuck Ponzi says:
    July 10, 2008 at 7:12 AM

    In the words of the late great George Carlin.

    “Nobody seems to notice, nobody seems to care”

    and

    “They’ve got ya by the balls”

    Chuck

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