Saturday, October 24, 2009

Weekend Edition, Oct. 24-25, 2009




The Commercial Real Estate Bust Begins
UK commercial mortgage backers face $1.6 billion loss

Unsustainable Earnings
Analyst Bove cuts Wells Fargo from "neutral" to "sell"

Fannie and Freddie Are Worthless
KBW downgrades target price of FNMA and FHLMC common stock from $1.00/share to $0/share.

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