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Everything on the street goes through ole jimmy
ARrrGreed!
Great post
Yeah, he's correct. I made a mistake.
That O/S is definitely wrong.
The sky is falling!
Does perry capital hold pref or common?
How did you envision these so-called government-sponsored entities, or GSEs, exiting conservatorship?
Mr. Paulson: I had felt that the way you would come out of it is obviously…you would have to wind them down. We made it clear our actions were meant as a timeout and that the GSE’s represented a flawed model, which would have to be fixed. We’d spent a bunch of time thinking about that. To the extent there was a successor, you would set up a new entity. What you would do, and it never ever occurred to me we’d be waiting so long, but I had thought what you do is have a long transition so a private market could develop. So you’d have to come up with something that is crystal clear what the new vehicle would be and the role it would play and then have a transition period to develop the private market.
http://blogs.wsj.com/economics/2013/09/06/henry-paulson-defends-fannie-mae-bailout/
Anyone have any data on short volume in fnma?
Sorry since 2010*
No he's not, he's held his holdings of AIG since 08.
What? Lol I said its already starting to react!
If you look at AIG, BAC, SHLD they all have gone up pretty significantly in a day since berkowitz spoke.
3am pacific is when squawk box starts
No exit, I'll wait for the dividends
Dead stock. Looking for 0.00s
Serious-Delinquency Rates down 36% for multifamily
Serious-Delinquency Rates down 2.5% for single family
might as well just leave then =)
this is a better website to view the institutional holders imo
BMSN http://data.cnbc.com/quotes/BMSN/tab/8.1 BMSN
U.S. Fed buys $14.6 bln of mortgage bonds, sells none
NEW YORK | Thu Aug 29, 2013 3:28pm EDT
Aug 29 (Reuters) - The Federal Reserve bought $14.6 billion of agency mortgage-backed securities from Aug 22 through 28, matching the amount it purchased the previous period, the New York Federal Reserve Bank said on Thursday.
In a move to help the housing market, since October 2011 the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.
The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae, Freddie Mac or the Government National Mortgage Association, or Ginnie Mae, in the latest week. It sold none the prior week.
Last Sept. 14, the Fed increased its purchases of MBS to $40 billion a month in its third round of large-scale bond buying in an attempt to support the housing recovery and boost economic growth.
"Don't feed the bears"
9 mill * 0.0031 = $27,900? extreme dumping, yes....
Fannie Mae can not be liquidated under Conservatorship
$$$ Golden Cross$$$ Setting up with the 100 day MA and the 50 day MA All eyes watching =))
This stock has been overbought for almost a week now, and has had green days 6 of the 7. This is ridiculous, i've never seen something like this without a change in pps.
republican news from a republican state
thats if a (non GSE) stock goes bankrupt, pretty sure it wouldnt happen here. if it did, expect even more lawsuits from boys with big boy bucks.
you mean like now? =))
All I see outta this chart is higher lows =)
Todays date is August 27th, 2013..Just FYI since you seem to be living in the past.
Because its not definitive yet? No offense to PG but big pharma and market makers are not gonna believe someone on a chat message board if its good or not, same with the vast majority of people. Plus PG never even said if it was good or bad. You are just assuming, and you know what happens when you ass-u-me right?
bringing the GSE's out of c-ship would be the epitomy of capitalism.... try and keep up!
Winding Down=Scaling Back You know it doesnt always mean come to an end.... doesnt mean that they are going to completely stop investing, just means they're going to slow it down.
ECONOMYUpdated August 25, 2013, 6:30 p.m. ET
.Bankers Brace for Fed Wind-Down
Around the Globe, Industry Prepares for Volatility as Result of Federal Reserve's Pending Move.Article Video Comments (14) more in Business | Find New $LINKTEXTFIND$ ».smaller Larger facebooktwittergoogle pluslinked ininShare.10EmailPrintSave ? More .
.smaller Larger
By
VICTORIA MCGRANECONNECTJACKSON HOLE, Wyo.—Central bankers around the world are bracing themselves for more financial turbulence as the Federal Reserve prepares to wind down its easy-money policies.
Global markets have reeled since May, when the Fed began signaling it could soon start scaling back its $85 billion-per-month bond-buying program. U.S. mortgage rates have been rising, and currencies and stocks in many developing economies have been falling. This volatility is "a salient reminder" that the effects of the Fed's pullback "may not be smooth," Charles Bean, deputy governor for monetary policy at the U.K. central bank, said in a speech here this weekend at the Kansas City Fed's research conference.
Central bankers around the world are bracing themselves for more financial turbulence as the Federal Reserve prepares to wind down its easy-money policies. Victoria McGrane has more on the News Hub. Photo: Getty Images.
.The meeting's official title, "Global Dimensions of Unconventional Monetary Policy," became all too real for at least one expected participant. Brazil's top central banker, Alexandre Tombini, canceled his plans to attend the conference at the last minute as the country's currency, the real, tumbled in value. The Brazilian central bank on Friday announced a $60-billion program aimed at halting the real's slide.
In his stead, the central bank's deputy governor Luiz Awazu Pereira da Silva reassured listeners here Saturday that Brazil could manage the situation. "We prepared ourselves" for the effects of the easy-money policies employed by the Fed and other advanced economies to spur stronger growth, he said. "I think we are now also capable of mitigating the risks for the unwinding of these measures."
Investors had plowed money into emerging markets in recent years while the U.S. recovery was sluggish and U.S. interest rates were at historic lows; now they are pulling money out at the prospect of rising U.S. rates and a strengthening U.S. economy.
Adding to the volatility is uncertainty about when and how the Fed will start reducing its bond purchases. Fed officials are weighing whether to move at their next meeting, scheduled for Sept. 17-18.
The bond purchases are aimed at boosting U.S. economic growth by lowering long-term interest rates, which Fed officials hope will spur more spending, hiring and investment.
The economic data have been mixed of late, leaving officials divided over what to do. Some feel the economy has improved enough for them to start pulling back slowly next month. But because the first step could have a big market impact, some officials want to be careful about taking it, which could mean waiting a bit longer.
Given the range of opinions among Fed officials, the lead of Fed Chairman Ben Bernanke—who didn't attend the conference here—will matter greatly, but he hasn't tipped his hand publicly on how he wants to proceed.
Dennis Lockhart, president of the Atlanta Fed, said in an interview in Jackson Hole, "I'm not making a really resounding endorsement of this, but I could certainly be comfortable with a first step" next month that could be quite modest in size. But he also cautioned that an October start is also possible.
St. Louis Fed bank president James Bullard said in an interview here he'd want to see "more data" before deciding what the Fed should do with the program when it meets next month. "I've been saying that I don't think we have to be any hurry to [start scaling back the bond purchases] given the data configuration we face," he said. "We can afford to be patient."
Several academics and policy makers at the conference said smaller and emerging-market economies should act to protect themselves from the effects of the Fed's plans. Recommendations included allowing exchange rates to adjust freely and strengthening their financial systems through regulatory tools, such as requiring financial institutions to beef up capital cushions against losses and restricting excessive credit growth in particular markets.
"Recipient countries have considerable control over how this works out and what the stability conditions are inside their own countries," said Donald Kohn, a former Fed vice chairman who now is a member of the Bank of England's Financial Policy Committee.
Bank of Mexico Gov. Agustín Carstens countered that his country had allowed its exchange rate to adjust and accumulated cash reserves to cope with big capital inflows, "but at some point, too much is too much." He said in an interview that Mexico has fared better than some other economies recently because of the country's strong economic fundamentals, such as low government debt and a healthy banking system. Mexico is implementing structural economic changes to boost growth that are making the country more resilient, he said.
The coming change in global credit conditions will impact all countries, he said, so "it's important to build up your defenses and that's what we've been doing during the last years."
didnt say any new longs did i? long means long, you know invested for a while.... while=long...
you've only posted one fund that is short, what about the other 5 or so that are long?
i wouldnt invest in waterstone then. seems like they are doing terribly and are about to do even worse.
can you answer my question? "Even if Fannie and Freddie were eliminated wouldnt the private investors have to buy the business off of fannie and freddie? Easiest way to do that is to own the highest percentage of them, ie: the highest percentage of shares. Wouldn't that cause a bidding war for Fannie and Freddie making the pps rocket? Correct me if i'm way off."