Search results

Is that where he said it was pressure from the Chinese (and maybe Japan) that forced Paulson to takeover Fannie and Freddie.

Guess what? Conservatorship is a trigger event. http://www.bloomberg.com/apps/news?pid=20601087&sid=ajsxbVS.W2lQ Fannie, Freddie Credit-Default Swaps May Be Settled (Update3) By Oliver Biggadike and Shannon D. Harrington More Photos/Details Sept. 8 (Bloomberg) -- Investors may be...

No reason to buy a CD now and lock up your money. Just buy a FNM or FRE fund and get a higher rate and 100% backed by the US Treasury.

How can this put a floor on housing? There are still plenty of subprime and Alt-A foreclosures in the pipe. This will not fix those. Also, unless they go back to liar loans and 0% down, lending requirements should tighten.

Link was hosed. Here is one that works. http://www.treas.gov/press/releases/reports/pspa_factsheet_090708%20hp1128.pdf

Link to photos would suffice.

This should tank Treasuries, which should increase mortgage rates. ETA: BTW, why would anyone want to buy treasuries now that agency paper has zero risk? Or will the two trade at the same interest rate now?

Why is this news? The news happened in July when Congress passed the legislation and Bush signed it. I guess the "news" is that F&F were in such bad shape that Paulson has to use the bazooka that he promised he wouldn't need, and he couldn't wait until Oct 1, when the law officially takes...

S&P slashes Fannie, Freddie preferred stock to junk Sun Sep 7, 2008 1:35pm EDT NEW YORK, Sept 7 (Reuters) - Standard & Poor's on Sunday cut the ratings on Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) preferred stock to...

CNBC agrees http://www.cnbc.com/id/26588812 BTW, should this be a kick in the gut to the whole market of preferred stocks?

Why would this be good for financials? A lot of regional banks just took one up the ass. Their preferreds just went to zero and now they have to mark them to market. "Call your regulator."

That's why he said if you are a regional bank with enough preferreds to make you insolvent after they go to zero, that you should "contact your regulator". I guess that means the FDIC will cover you if the Treasury can't. As far as Treasuries, Bill Gross has apparently been shorting them for...

Didn't they eliminate dividends for common and existing preferred? That should effectively make them zeros.

This ought to blow the bottom out of the RE market. Most likely mortgages will revert to 20% down, proof of income, reasonable DTI ratios, etc, you know like in the good old days. Problem is no one will be able to qualify until prices come way down.

It's especially lagging when they wait until September to revise the June number up by 100%

It's like that famous Monty Hall problem The probabilities for each of the three doors is 33.3%. The probability that the car is NOT behind the first door you choose is 33.3+33.3=66.6%.

There is a Yahoo group. It was started to discuss thinkscript code but I don't think it is limited to that. It's not very active though. http://finance.groups.yahoo.com/group/TOS_thinkscript/

We are at the point where the coyote looks down and realizes he's gone off the cliff. I think it's called cognitive gravity.

Month Return YTD Assets Jan -4.50% -4.50% $113,000,000 Feb -1.70% -6.12% $96,000,000 Mar -5.10% -10.91% $93,000,000 Apr 0.85% -10.15% $75,000,000 May 1.05% -9.21% $70,000,000 Jun -0.70% -9.85% $70,000,000 Jul 0.01%...

From his website: Is this a change? I thought he used to just sell the puts. IIRC he took a severe hit when the market tanked recently. Also, 'naked' put = covered call is still slightly less risky than naked stock.