Helicopter Ben to the rescue!

I just read this:

"The Post said Treasury officials were considering several options if interest in the sale of Freddie Mac securities is lagging. In one possibility option, the Treasury Department or the Federal Reserve would purchase the securities directly."

My interpretation:

If Freddie is not going to the discount window, Fed will be pro-active and give them a loan anyway!!

Paulson
"...remain shareholder-owned entities. "

My interpretation:

Shareholder-owned, creditor-controlled

Dollar might open sharply lower.

Pardon my ignorance, but why would that make USD sharply lower?

At least it provides some stability. I don't see share-holder owned as a bad thing, it's better than gov't owned.

It only opened marginally lower. I was wrong.

But,

Short-term stability: Yes
Long-term dollar: No, no no. Fed is going to print more dollars to support Fannie and Freddie.

If that idiot Senator Schumer opens his mouth again might see a few more banks down the tubes. Either way I see dollar weakness in the coming week.

Schumer is an idiot regardless of what he is talking about (wait, most politicians are) and Bernanke is simply inheriting the mess from Greenspan - which of course will ultimately be what he is remembered for - complete incompetence.

I have held these views on Greenspan for some time and am not simply jumping on the bandwagon