2008-07-10 — typepad.com
"A retail broker I worked with many years ago sends an email asking about Freddie Mac (FRE): "It looks cheap, the government won't let them go bust, its a potential turnaround." Mind you, this guy has been on the wrong side of every disaster known to Wall Street: Bear Stearns (BSC), Fannie FNM), AIG, Lehman (LEH), Ambak (ABK). "
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