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Fannie's Loss Is MasterCard's Gain

By Jim Cramer

 About this article:
 I wonder how much MasterCard will be up off the incredibly horrific Fannie Mae news about the losses through 2009 and the dividend cut. It literally is that stupid that MA will go up, in the same way that Apple goes up on any tech disappointment, but that's how its played by the momentum funds that call themselves "growth" funds. These two horses, MasterCard and Apple, are the most thoroughbred plays I have seen in this non-dot-com era. They won't quit. And MA is more appealing than ever when pure financials reveal the depths of the losses. Today could be a very interesting day for MasterCard and its sister Visa , which are the polar opposite from the Fannie and Freddie twins. Fannie and Freddie have become the vast repositories of toxic waste. Lately it has been revealed that Fannie took down...

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