Fannie's Turn: Feed Us $16 Billion

Nobody could have possibly foreseen this.

News just hit so no link yet but trust us, it happened.

For our thoughts: here and here

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RBS Stock Down Over 60% in Europe Trading

Probably not that surprising after posting the "biggest ever loss reported by a U.K. company" of $41 billion. Biggest shareholder, the United Kingdom Government with 22.8 billion shares, can not be happy with an $8 billion + loss in 6 hours of trading. Paulson, with 142 million shares short, is very happy.

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