Submitted by ALEX S. GABOR, Nov 12, 2007 15:59

My take on Fremont is that new management is going to find out what the losses really are, it will hit a buck a share and then someone will buy it out at two. But that is my guess only:

http://biz.yahoo.com/prnews/071112/lam040a.html?.v=1

I used to write a newsletter called "Free and Clear Intelligence Review" but it bombed after no one would subscribe to it....but it did accurately predict certain events which I won't go into.

You might remember when I predicted earlier this year that within 6 months two major builders would go bankrupt and two of them would merge before the end of the year...well the end of the year is near and only one major builder has filed for bankruptcy thus setting up the dominoes for a couple more bank failures or runs on some S&L's like countrywide. Maybe my implodometer is off by a few months at least.

Don't tell me you don't see the writing on the walls of the bathrooms of these once fine institutions? So far only one FDIC bailout this year but there might be 100's on the horizon in 2008.

http://online.wsj.com/article/SB119464966458088474.html

The sub prime losses seem to be mounting every week, but my original estimates of $5 trillion being lopped off the US equity market in residential followed by another five trillion lopped off the commerical markets as rental housing collapses from the weight of 30 million vacant homes (including 50,000 currently vacant condos in San Diego alone) in the US. (current official estimates are 18 million with two million foreclosures pending and ten million more foreclosures after the arms ratchet up in 2008.)

The fed will be forced to reduce interest rates again, back to to close to 1% or less much like the Japanese markets suffered for a decade - most analysts are not comparing the US housing crash/depression with the one that hit Japan.

http://www.ft.com/cms/s/0/e8ba4ebc-8f2f-11dc-87ee-0000779fd2ac.html?nclick_check=1

Back when I wrote the article America's Fannie Has Been Spanked but her Name is Mudd, Mr. Mudd was singing a much different tune, but now he is beginning to see the light I shed when I wrote the following articles:

http://portland.indymedia.org/en/2006/06/341267.shtml

http://www.associatedcontent.com/article/98582/mortgage_industry_cratering_under_fraud.html

Even Bernanke agrees with me now.

The Brits however are still fooled if they think High end real estate in Manhattan is good...the knife hasn't even begun to fall in that market yet. Remember 1973 when New York was bankrupted? I give New York City another ten months before 1973 and 1929 are revisited only 100 times worse.

I'm predicting that both Countrywide and WAMU will be forced to merge with other larger healthier banks as they continue to hemorage.

http://online.wsj.com/article/SB119465817460188744.html

http://www.associatedcontent.com/article/206736/washington_mutual_one_of_the_nations.html

It is simply amazing to me how people do not see the massive con games being played by these bankers. Sure, let's create another $100 billion out of thin air, to replace the $400 billion we just announced we are going to lose by the end of the year, and buy back our own assets that are now worth only 50 cents on the dollar and pay sixty cents on the dollar for them like any good smart money investor wanting to buy foreclosure properties in a down buyers market would. It's not going to work this time...there are too many internet savvy investors who are going to see the writing on the walls.

http://www.nytimes.com/2007/11/12/business/12siv.html?_r=1&oref=slogin

What is even more interesting, in light of China's move away from dollar denominated assets are the following two stories which the mainstream media is not really paying attention to:

http://finance.yahoo.com/q?s=CGM.L

http://www.resourceinvestor.com/pebble.asp?relid=37710

I wrote a lot of articles and i was getting a lot of flack from people in 2005 but today I am ready to get paid for my advice at my regular rate of $3,600 an hour except for my friends, they can just donate to me whatever they like if they gain any profit from the knowledge I seem to share...

http://portland.indymedia.org/en/2006/03/336151.shtml

http://publish.portland.indymedia.org/portland/servlet/OpenMir?do=search&search_boolean=and&search_sort=score&language=en&search_content=alex+s+gabor&search_submit=search&search_topic=

Please pass along this little tid bit to any of your friends who have fallen out of favor with Wall Street and the consuming public:

http://losangeles.craigslist.org/sfv/rts/476264758.html

And remember, if you keep thinking like a billionaire, you might just rub shoulders with them some day.

http://portland.indymedia.org/en/2006/04/337319.shtml

And wow! Look at this just in from a friend who says he may just have to move his brokerage account to another Investment Banking House.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aG2e7v8GU3Y8&refer=news

Amazing eh?

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