Monday, July 7, 2008

The Iceberg Has Just Been Struck

I could have told you a couple years ago with 100% confidence that this was coming. That is the death of Fannie and Freddie.

Having shorted, with varying levels of success, these names repeatedly over the years to now watch them crater while having no position makes me want to throw myself through a fucking plate glass window. Fuck!

An event of this nature is without question one of my tells on the coming apocalypse. Well, get ready because here it comes. This is going to get extremely ugly in the months ahead ending in a taxpayer bailout the magnitude of which is indescribable.


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