FRE and FNM

mokwit · Jul 11, 2008

Relax, Bernanke and Paulson say that they are adequately capitalised. It is all contained.

How silly to think that they would lie to you and that you would find out on Monday that the entire equity had been written down to $0.01

mokwit · Jul 11, 2008

P.S. they may decide to do it in a job lot over the weekend i.e. FNM, FRE and LEH also.

m22au · Jul 11, 2008

JP Morgan Chase Bear Stearns Lehman Fannie Freddie Got Fingered Inc

Quote from mokwit:

P.S. they may decide to do it in a job lot over the weekend i.e. FNM, FRE and LEH also.

Cutten · Jul 11, 2008

Quote from makloda:

Maybe they will be bailed out but who says equity holders won't be wiped out? What if they do a another take-under for $2.

In a bailout the shareholders would get $0 per share.

capmac · Jul 11, 2008

Not even 0.01/share ?

palenimbus · Jul 11, 2008

Quote from Cutten:

In a bailout the shareholders would get $0 per share.

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 the past week! Really highlights the quote from buffet, "when the tide goes out, you will see who has been swimming naked".. hahahaha

Grandeur · Jul 11, 2008

Not sure if you guys know, but their outstanding debt is humongous, what would happen to that, as of yesterday benchmark was trading t+105.

Daal · Jul 11, 2008

Quote from palenimbus:

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 the past week! Really highlights the quote from buffet, "when the tide goes out, you will see who has been swimming naked".. hahahaha

Bill miller is a textbook example of what the avg intitutional equity manager thinks like, every dip is an 'opportunity', bad things dont happen. You have to understand they lived through a gigantic bull market in stocks so they are conditioned to think good things will always happen. teachings from the church of contrarianism like 'buy when there is blood on the streets' make them blind to identify when the time IS different

This guy cant read and understand a frikking balance sheet, he should be selling hotdogs not running money

dstod · Jul 11, 2008

Quote from Cutten:

Another good Jim Rogers call.

Jim Rogers is the man!

This clip is phenomenal--- at the very end he says don't get an MBA, you'll make more money as a farmer in the years to come.

http://www.youtube.com/watch?v=JYkYF70tUmA

trader_david · Jul 11, 2008

but he may double his account on FRE today. or he may triple his account on DTPI today. that guy may make big money but he may lose shit, he did not grasp trading principle yet.

Quote from Daal:

Bill miller is a textbook example of what the avg intitutional equity manager thinks like, every dip is an 'opportunity', bad things dont happen. You have to understand they lived through a gigantic bull market in stocks so they are conditioned to think good things will always happen. teachings from the church of contrarianism like 'buy when there is blood on the streets' make them blind to identify when the time IS different

This guy cant read and understand a frikking balance sheet, he should be selling hotdogs not running money