it's got a few bright ones. Now the co-CEO shot off some more toes, looks like it reverb'd over into AGNC (UNLESS Wellington is the female, and this sums it up for you):
10:49 AM "Rates go down you get killed, rates go up you get killed," says hedge fund manager Brad Golding, quickly summing up the situation for mortgage REITs. The days of double-digit yields are over - at least at Annaly (NLY), where new co-CEO Wellington Denihan-Norris calls it "fantasy" to think the company can just jack up leverage to replicate the returns of the past.