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Wednesday, April 08, 2020 6:21:06 PM
I am really sad to see what Bradford is doing, someone needs to tell him to lighten up the leverage:
— Fanniegate Hero (@DoNotLose) April 8, 2020
What do they say about bulls and bears... but pigs get slaughtered? Really sorry to see someone put themself in such a situation for no reason -- plenty to me made if patient.
All you need is for Treasury to say no help for servicers and pref sheds 30%, or some other event (who knows what?) and the market and prefs will shed 30%...
Not a good idea to borrow. And NEVER borrow at 33%...
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