Government To Take Over Fannie Mae and Freddie Mac
According to MarketWatch, the government will be stepping in on the troubled Fannie Mae and Freddie Mac. The two mortgage giants will fall under consevatorship by the Federal Housing Finance agency. What does this mean to satellite radio. In the short term likely nothing, but in the longer term, the move could be a boost to the markets as a whole.
In today’s economy, stability is something that many people want to see. The financial sector has taken a beating, and the credit markets have dried up to a point that even with the ability of some consumers to pay their notes, there is simply no money to lend. With this, the market and economy are not stable, but rather stagnant.
Having the feds take over will not provide an instantaneous solution, but will give a bit of stability to the financial sector, which will in time, perhaps, let the credit markets begin to flow in a more normalized manner.
When investing in any stock, it is a good idea to have your finger on the pulse of the overall market as well as the overall economy. Fannie Mae and Freddie Mac becoming stabilized is one market worry that can now be set aside. No, there will not be a speedy recovery, but at this point any recovery is what the street is looking for.
Position Long SIRI
I looked into this today. It should help the banks and the secondary bond markets in the short term, but until additional liquidity is given to borrowers, it won’t help much with the overall housing crisis.
The 50 Billion loan at low rates for car manufacturers is a bigger deal to Sirius, so let’s hope this goes through.
Also, why not let Sirius borrow a billion at 4 -5 % straight from the Federal Reserve – yeah right….
futures up huge!
So, how does this relate to SIRI XM?????? Hmmmm?
We can’t even get a dead-cat bounce out of this move. Very discouraging.
What happened to the rally from the Government takeover of Fannie & Freddie? So many other stocks are getting the positive lift…but not Sirius.
And what about the Sirius/Apple buzz about tomorrow? Or Mel speaking?
And come to mention it…what happened to that bold prediction by that “dude” from the “Caymans” on SiriusBuzz radio the other week? Huh?
I’m a long, and I ain’t bailing for nothing. But THATS IT!!! No more EXPECTATIONS. No more allowing myself to get even ALITTLE excited about ANYTHING ANYONE says or that I read about SiriusXM….EVER!!!
The only time I will get excited is when I actually SEE the STOCK RALLY!
No rumor. No NOTHING!
ARGH! I’m a LONG who will act like a SHORT from now on. In that I refuse to believe ANYTHING GOOD about this stock by anyone from this moment forward.
So sick o this crap.
Double ARGH!!
Great. Sirius just went below $1.25. You know…FUCK that CAYMAN dude. Why was EVERYONE so friggin EAGER to lap up his COCK AND BULLSHIT story???
Why are we like MOTHS TO THE FRIGGIN FLAME about ANY positive RUMOR when it comes to Sirius???
Haven’t we learned our lesson? Why can’t we just STOP talking about how it’s going to go up….and just WAIT. Quietly without saying a word?
And from now on, lets just tell ANYONE who PUMPS this stock to SHUT THE F UP!!!
Enough already.
This is going to be a LONG friggin wait. So we all better just accept that fact and BLOCK EVERYTHING ELSE OUT.
INCLUDING MELS SPEECH TOMORROW AND THE GOD DAMN APPLE EVENT….WHICH you just KNOW is not going to mention ONE THING ABOUT SIRIUS.
It’s time to stop all the talk.
Jonesie, probably laughing his ass off somewhere.
is this unbelievable or what? I HATE Cramer, but was he right? Is this stock DEAD and going below $1 until after February?
It defies logic. They merged. They have nearly 20 million subs combined now. They are on their way to becoming a Media giant….and NOTHING?
I can’t believe it. I’ve seen stocks with NO promise move UP more on the fart of a rumor.
UnREAL
Perhaps, the smart money already knows there won’t be any huge announcement/s tomorrow.
Everyone Chill and double down in Feb. when it is trading below a buck.
Hmmmmm
I like the product.
I believe in Mel.
I’m Siri-XM Long
Sirius XM Radio Inc. is rumored to be entering into a strategic partnership with Microsoft to provide its Sirius Satellite Radio service to the Xbox 360, according to VG Chartz.
The feature is planned to be unveiled during the huge New Xbox Experience re-launching event on September 25th, according to reports.
For a “modest monthly fee” users will be able to run Sirius through the Xbox 360 with no additional hardware needed. Users will also be able to pay for the service with Microsoft points.
Additionally, members of Xbox live will get a free week to play with the service, and Sirius is said to be accessible while playing in a game.
Thanks for the post Investor. I’m frustrated like frigginregan but the positive speak is still nice.
Do you really think that will help, i don’t see many 10 year olds playing Xbox that really care about satellite radio
ugh. no more positive speak. i want clear PROOF that we are moving UP. nothing else will do at this point. i refuse to start salivating like Pavlov’s dog at anymore “news”.
seriously. i am taking a pessimistic view of ANY and all news unless it MOVES the stock out of this slump.
i am tired of being a disappointed optimist. at least as a pessimist when i’m right, i won’t be disappointed….and when i am wrong, i’ll be pleasantly surprised! 🙂
I think the important thing if MSFT and/or Apple (we’ll see maybe tomorrow)are interested in partnering with Sirius, then it’s because of the attractiveness of the service/content. I would think that once one major player comes on board, then others would be knocking at Sirius doors so they are not left behind. This would be drastically different than Sirius having to pay subsidies or give it away to expand.
At least this is what I hope and where I see it going. Their exclusive content should start to pay big dividends down the line across all types of devices. Open access should help as well, not hinder.