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yeh dumb luck he pulled a homer http://www.urbandictionary.com/define.php?term=Pulling+a+Homer

If the treasury buys an equity position in the GSEs, it will be preferred equity that converts into debt or something, in any case it will be HUGELY diluting to the common holders. I cannot imagine a different scenario, anything else would be a nightmare scenario for taxpayers.

pretty weak pop if you compare it to the bear stearns announcement

So just to summarize, there are 3 separate proposals that have been authorized: 1. Treasury lending amounts of cash directly, with no pre-subscribed limit. 2. Treasury buying amounts of equity directly, with no pre-subscribed limit. 3. Fed opening up the discount window to FRE and FNM...

Indymac was created along with Countrywide by mozilo then spun off, no wonder it failed, it had the touch of death from mozillo...

at least he lost some dignity and ET cred lol

Yeh if fannie and freddie get bailout it will be an old school nationalization, none of that pseudo-bailout crap at bear stearns. LOL @ Bill miller, his fund is the second largest holder of freddie and it currently ranks dead last on morning star among his peers, imagine now after the rout of...

on a related note, famed fund manager Bill Miller, Freddie's second largest shareholder, has been put on suicide watch this morning.

Um what exactly changed from yesterday? holy crap

I don't know about fortune, I think their debt trades about 75bp above treasuries, so that's the spread that you could profit from if they get nationalized..

Looks good, unfortunately no charts..

indymac (imb) of course

i'm soo happpy I can't describe the happiness i feel

Today is the day! I can feel it! :D :D :D

http://online.wsj.com/article/SB121556016799537453.html?mod=todays_us_opinion

I think you guys might be interpreting the story wrong. They are extending the program through to next year, not the actual duration of the loans..

LOL Stocktra3r back from the dead, impossible to kill him

I should've labeled it with "quotes", that's just what the media calls them.

He's just covering his ass, because when gas is $8/g and the usa is in a huge recession he knows that he's going to be the first one that congress is going to hunt down and give a public execution. He's pretty much the poster boy for the otherwise faceless, nefarious "oil speculators".

dustbin