New Maloni blog:

Read this!

Another good one, well worth the time. Send it to your friends!

In.

No, as part of their penance they have to commit to buying MBSs from FnF.

Tim Pagliara. Embarassed to admit to have used an abbreviation earlier 'cause I was unsure of the spelling :)

NO idea on his connection to WB; you?

I think you mean the conference call with Tim P. and 'sponsored' by ShareholderRespect?

It went off- Tim gave a brief presentation and then took questions; there was really no new ground covered IMO (I was on the call) but it was still a valid exercise.

A pair of ideas discussed were that a) ShareholderRespect could distribute some pre-written letters for shareholders to send to their congresspersons, and b)we should hold a shareholder's meeting in exile.

There was also discussion of holding more similar events in the near future.

Hat tip to CatBirdSeat, who posted it on the googleboard.

New shooter! Watch this video.

He's a lawyer AND a hedgie!

You should come, I'd love to speak to you.

You said, "...then the laundry gets hanged on the ropes outside for everyone to see," referring to what's going to happen when the Fairholme lawyers start publicizing what they find during discovery.

I think that information will be very helpful to our long cause, hence my reply: "Show me the laundry!!"

It was wholly supportive, I promise!

Show me the laundry!!

Know thine enemy ;)

I'm not 955 (or 956 for that matter, more like 911...) but I think your question is hard to answer. Certainly Pinto and Wallison have long been anti FnF (lying scum, ahem...) but IIRC there was someone else at AEI with a more moderate opinion.

As a 'think tank' they have a lot of thinkers.

No; MH is just a thoughtful dissenting opinion. I value his input even when I don't agree.

This is more along the lines of a colorful description of how you feel on a down day ;)

Ah, I was hoping our azure (false) prophet was going to be there. Have some words I'd like to share f2f...

Agree 137%. Even if they do try to cover their tracks, that too will leave traces (likely very obvious traces) that "our" legal team will easily detect.

"...something juicy is bound to make national headlines soon." Truth. Look to discovery to provide sp increase and trading opportunities borne of the resulting volatility.

That same issue exists with stop loss orders*, plus those are visible to the mm in the OTC. Pay your money and take your choice; IMO an alert at the $2.50 level would serve about as well (though admittedly neither is great).

(*There's no guarantee of execution at your chosen strike and in times of rapid price motion the chance is dramatically reduced)

In your position you may be better served by arranging for an 'alert' which notifies you if your target price is approached. I use TDAmeritrade, and can set it up so they'll text me if a preset condition (price drops below X, for example) is reached. Then you have the ability to choose whether or not to act based on your full understanding of the situation.

$0.02
fc

Note well that the author, Ed Pinto, is a long-time FnF foe and known liar.

That is an UNSIGNED PROPOSAL.

Sorry.

And that will cause some volatility; a trading opportunity.

Thanks for the analysis, B. I don't have much to add, other than there is still a LOT of uncertainty on how all this will unfold. IMO, the basic tenets remain the same: FnF are critical to the economy, they sling cash, and the gubmint is on very dicey legal ground.

Not a scam.

Did y'all see David Sims' post on the goo gle board? He's setting up some type conference call.

There is at least one suit naming M. Watt as a defendant; possibly the most recent one? (From this month IIRC...)

" I nominate Obit..."

Second. All in favor?

Because of Buffet's potential influence on the outcome of Conservatorship and his (justifiable) sensitivity to scandal. "Prevented" probably wasn't the most precise word; "inhibited" would mebbe be better.

Never said thanks, sorry!

And.... Thanks! :)

Buffett's grandson worked in the White House and he supported Obama openly.

I respectfully disagree. Your bolded headline said, "Berkshire Hathaway analysis recommends Fannie Mae." (emphasis added)

The implication is clearly that the analysis is a BH product, which is simply not the case.

With respect, you guys need to stop this. David published that article, yes. David works for BH Media, yes. The article was not published in his capacity of a BH employee, and to imply otherwise is not only misleading but may have repercussions for David in his professional life. That would be a fine thank you indeed for someone who is not only on the side of longs but is more active than 97% of us.

Has it occurred to anyone that given WB's ties to Obama he may be prevented from buying? Those ties could be used to influence the outcome, even a hint of which could be damaging to BH.

Whoops! Sorry- looks like I was wrong.

Definitely not. I've known David via these investments for several years.

I think it's possible, even likely, that they'll try, but the pro-FnF legal team is sharp, well-funded, and hungry. What you're describing would be impossible to fully conceal, and once the frayed edges are found the entire thing would (will!) unravel in a spectacular fashion.

Beautiful chaos shall ensue.

Ah, that's disappointing but you're probably correct.

Maybe some excerpts ;)

Public humiliation is good for society; print the messages.

Wondering that myself. If it's the best they can do then Uncle Sugar is so boned.

NOT the real Tim Howard

Check Maloni's blog; he knows Tim Howard and has confirmed that TH is NOT posting on iHub.

"The 5 Most Important Opinions..."

Well said. When a guy like Ted Olson isn't in the top 5 you know your team is strong.

New Details Out of Senate

"I have re-committed to...arbitrage"

Can you please expand on this either here or in the g-group? Intellectually I *know* there's going to be Significant Volatility and that I should be trying to take advantage, but I find it hard to break out of the "...better hold so as not to miss the surprise rally..." mentality. My original position was started below a dollar, then I doubled down at around $3 when Corker first admitted that the lawsuits had merit.

Thanks!