Freddie Mac...I Want to Puke

…Freddie’s misfortune is particularly rattling because the company is considered to be protected by an implied government guarantee. The company said it would seek counsel from Goldman Sachs and Lehman Brothers for its short-term efforts to shore up its reserves.

Let’s see…$50 bucks that Goldman and Lehman sell these guys more CDO’s :) …from their own buried portfolio.

It’s impossible to make this shit up.

Gag.