Obama is a disaster in my opinion. The health care bill is a disaster but at least I can be glad that some of Obama's buddies will "...save 3,000%" as he says. The reality is that the bill serves special interests. If it passes those interests will be happy but the economy and Americans will be adversely effected. If it does not pass, Obama's special interests will not be happy and the disappointment and perception of impotence of the government will lay bare for all to see.
In either case, my perception is Obama's/Pelosi's prime time moment = SELL. If the few remaining shorts out there can't deal with it and get taken out on some sort of squeeze - I think that will be a selling opportunity.
What a mess.
Fannie and Freddie: Single Family Serious Delinquency Rates Unchanged in
July
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Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie:
Single Family Serious Delinquency Rates Unchanged in July
Excerpt:
Freddie Mac ...
1 hour ago