TMA at $1?????????

Quote from DataCruncher:

anybody have access to more detailed explanation of the Bear Stearns upgrade?

Probably something like this...

They're stuck long a boatload and they needed a way out.
 
is anybody here a Bear Stearns client who received detailed client notes on the TMA upgrade? I'd be interested in seeing the full text of what Bear Stearns said.
 
How much does the Fed's $200 billion really help TMA?
Bear Stearns:

"The Fed's move may be ``dramatically'' improving the value of mortgage-backed securities and could add liquidity to the market, Bear Stearns analyst David Hochstim said today in a note to investors."

Fast Money:
Thornburg Mortgage rocketed up 119%. Tim Seymour said the stock is nevertheless down 93% on the year. The Fed move doesn't help Thornburg, he said.
 
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