Liquidity may not be overrated, but it most certainly is overpriced these days. Housing Wire’s Jason Philyaw reports on analysis that [de-]lists the government sponsored enterprises Fannie and Freddie as two of the five worst-performing stocks of 2010. “The companies were put into federal conservatorship in September 2008 after amassing losses upward of $12 billion. Some estimate Fannie Mae and Freddie Mac may ultimately cost the government up to $1 trillion, according to CNNMoney.” Calling Tom Cruise for a sequel: Mixed Mission Impossible.
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