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Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerPosted Mar 14th 2009 3:45PM by Michael Shulman
Filed under: Federal Natl Mtge (FNM), Stocks to Sell, Financial Crisis
I lump these zombies -- our first zombies -- together because everyone else does.
You and I are now the proud owner of these lifeless monsters, which have hundreds of billions of dollars in obligations on mortgages of declining quality.
What's more, for political reasons, their future will not be resolved for several years.
True shareholder value: zero
Michael Shulman is a contributor to OptionsZone.com.
Find out why more people track their portfolios on AOL Money & Finance then anywhere else.
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Reader Comments (Page 1 of 1)
3-15-2009 @ 9:43PM
Robert Till said...
Does Michael Shulman have any expertise in terms of financial institutions? His comments on JPM seem off base and there is nothing I can see in his background which suggests he has the knowledge, skills or abilities to analyze a financial services company.
3-25-2009 @ 5:19PM
Luckenbach said...
Not such a good call Michael. Regardless of how long FNM or FRE will take to show green long term, does anyone think that The Obama administration will let FNM or FRE fail? Remember that Obama will be campaigning for another 4 years. Great timing on your article. Are you embarrassed that the stocks rose about 28% the following trading day?