This is going exactly as anyone should expect..smoke and mirrors, and the Feds hoping only a few really get what the implications are...the public as usual takes a bath...
If the government-sponsored enterprises fail to raise fresh capital,
the administration is likely to mount its own recapitalization, with
Treasury infusing taxpayer money into the agencies, according to the
Barron's source.
The paper reported the infusion would take the form of a preferred
stock with such seniority, dividend preference and convertibility
rights that Fannie's and Freddie's existing common shares "effectively
would be wiped out, and their preferred shares left bereft of
dividends."
The report called an equity injection by the government a
quasi-nationalization -- without having to put the agencies'
liabilities on the U.S. balance sheet, and thus doubling the U.S. debt.
After accounting for deferred tax assets and generous asset marks,
Fannie and Freddie each may have a negative $50 billion in asset value,
and little prospect of digging themselves out of the hole, Barron's
reported.
0
This is going exactly as anyone should expect..smoke and mirrors, and the Feds hoping only a few really get what the implications are...the public as usual takes a bath...
If the government-sponsored enterprises fail to raise fresh capital,
the administration is likely to mount its own recapitalization, with
Treasury infusing taxpayer money into the agencies, according to the
Barron's source.
The paper reported the infusion would take the form of a preferred
stock with such seniority, dividend preference and convertibility
rights that Fannie's and Freddie's existing common shares "effectively
would be wiped out, and their preferred shares left bereft of
dividends."
The report called an equity injection by the government a
quasi-nationalization -- without having to put the agencies'
liabilities on the U.S. balance sheet, and thus doubling the U.S. debt.
After accounting for deferred tax assets and generous asset marks,
Fannie and Freddie each may have a negative $50 billion in asset value,
and little prospect of digging themselves out of the hole, Barron's
reported.
Yep, Joe Main Street takes it up the ying while Joe Ivory Tower gets a bailout package.
Has always been that way, and always will be that way.
How many gd bailout packages have been shoved down our throats since mid Septemeber last year? Including the unnecessary and "emergency" rate cuts, I'd say close to 9-10, with FNM and FRE being the last 2 back in July of this year.
Bernanke and Paulson are sickening. And the reality is that the gd US Gov't is the largest hedge fund on the farking planet.
0
Yep, Joe Main Street takes it up the ying while Joe Ivory Tower gets a bailout package.
Has always been that way, and always will be that way.
How many gd bailout packages have been shoved down our throats since mid Septemeber last year? Including the unnecessary and "emergency" rate cuts, I'd say close to 9-10, with FNM and FRE being the last 2 back in July of this year.
Bernanke and Paulson are sickening. And the reality is that the gd US Gov't is the largest hedge fund on the farking planet.
Of course this was referenceing Freddie and Fannie which I forgot to mention in the post...this paragraph alone is all I need to know:
The report called an equity injection by the government a
quasi-nationalization -- without having to put the agencies'
liabilities on the U.S. balance sheet, and thus doubling the U.S. debt.
0
Of course this was referenceing Freddie and Fannie which I forgot to mention in the post...this paragraph alone is all I need to know:
The report called an equity injection by the government a
quasi-nationalization -- without having to put the agencies'
liabilities on the U.S. balance sheet, and thus doubling the U.S. debt.
Going to be the lightest 3 weeks of the year coming up. No depth on bids............wild volatility. No one knows wtf is going on.
On this end, just going to sit in cash, drink my sorry ass off, smoke my sorry ass off, and bet a little football.
Unless you got inside info, this stock market trading right now is impossible to remotely gauge.....all based on lies and rumors----why you need inside info to game anything.
The Friday after LD is the "all-important" nonfarm payroll report. The following Monday is going to be a little more important than that farking massaged rubbish.
Long term, I couldn't possibly be more bearish. Short term----all about trading, and that is 100% molten at all times.
0
Going to be the lightest 3 weeks of the year coming up. No depth on bids............wild volatility. No one knows wtf is going on.
On this end, just going to sit in cash, drink my sorry ass off, smoke my sorry ass off, and bet a little football.
Unless you got inside info, this stock market trading right now is impossible to remotely gauge.....all based on lies and rumors----why you need inside info to game anything.
The Friday after LD is the "all-important" nonfarm payroll report. The following Monday is going to be a little more important than that farking massaged rubbish.
Long term, I couldn't possibly be more bearish. Short term----all about trading, and that is 100% molten at all times.
lightest three weeks of the year is right. i will be away for one of them, too.
i will end my XLF put trade tomorrow, one way or the other, most likely. barring a big gap up in XLF, i will have a winning position. hell, i might cash out a lot of my trading money and just spend it on vacation!!
0
lightest three weeks of the year is right. i will be away for one of them, too.
i will end my XLF put trade tomorrow, one way or the other, most likely. barring a big gap up in XLF, i will have a winning position. hell, i might cash out a lot of my trading money and just spend it on vacation!!
It's gotta' be pretty nice to just make a bet, tell a massive lie, and then cover your position once the lie gets out.
EXACTLY how hedge funds work, and EXACTLY why it is impossible for "the little guy" to make serious and consistent money as a stay-at-home day trader.
Yes, "the little guy" can make money, but it's going to come at a rigorous price called "discipline" and it won't be enough to allow "the little guy" to quit his day job.
No way to compete with these crime syndicates.
0
It's gotta' be pretty nice to just make a bet, tell a massive lie, and then cover your position once the lie gets out.
EXACTLY how hedge funds work, and EXACTLY why it is impossible for "the little guy" to make serious and consistent money as a stay-at-home day trader.
Yes, "the little guy" can make money, but it's going to come at a rigorous price called "discipline" and it won't be enough to allow "the little guy" to quit his day job.
Good question. I'd say both have cost the US taxpayer trillions upon trillions of dollars with their egotistical and nonsensical policies.
Bascially, WSC, the future couldn't possibly look worse. And "the future" doesn't mean "today at the stock market casino" or even the next year. The future is like 5 years from now------it won't shock me one bit if we really are in a "Road Warrior" type society dominated by warlords and fiefdoms (slave centers).
My advice is to take what cash you have now, get out of society/markets/hoopla/etc, get a few acres of land with a water well on solid soil, build a solid bunker-like place in which to live, start stock-piling weapons and ammo, stockpile warm clothes, learn to grow your own food, and just get 100% in to a survivalist mentality.
No question about it.....this world is doomed.
0
Good question. I'd say both have cost the US taxpayer trillions upon trillions of dollars with their egotistical and nonsensical policies.
Bascially, WSC, the future couldn't possibly look worse. And "the future" doesn't mean "today at the stock market casino" or even the next year. The future is like 5 years from now------it won't shock me one bit if we really are in a "Road Warrior" type society dominated by warlords and fiefdoms (slave centers).
My advice is to take what cash you have now, get out of society/markets/hoopla/etc, get a few acres of land with a water well on solid soil, build a solid bunker-like place in which to live, start stock-piling weapons and ammo, stockpile warm clothes, learn to grow your own food, and just get 100% in to a survivalist mentality.
Don't laugh, man. I suggest you adopt a bunker mentality, too.
Warlords and fiefdoms.
Not "if," but "when."
And yes, I have spent the better part of the last 3 months reading and watching anything I could find on various barbarian tribes, "The Dark Ages," "The Coming of Armageddon," etc....
It's all fascinating to me, and I think we're headed there sooner than later.
Have a great evening.
0
WSC-
Don't laugh, man. I suggest you adopt a bunker mentality, too.
Warlords and fiefdoms.
Not "if," but "when."
And yes, I have spent the better part of the last 3 months reading and watching anything I could find on various barbarian tribes, "The Dark Ages," "The Coming of Armageddon," etc....
It's all fascinating to me, and I think we're headed there sooner than later.
Ready for drys tomorrow...paid off some debt from my gambling account errr investing account and all I got left is about 3k cash and 1 70 call. Hoping to run this back up to 5 figures soon.
0
Quote Originally Posted by wallstreetcappers:
FRE and FNM teetering....
Goodness look at how many shares capital owns... 64 million and 116 million shares.
Ready for drys tomorrow...paid off some debt from my gambling account errr investing account and all I got left is about 3k cash and 1 70 call. Hoping to run this back up to 5 figures soon.
If you had gambled lately the odds are probably 50/50.
I gambled on IMB and lost (even though it looks like Schumer released insider confidential documents and broke the law and will probably get prosecuted but the deed is done) but if you had gambled on UAUA and LCC etc, the gamble paid off.
I dont like the odds on FRE and FNM, they wont go out of business and only the common holder gets smacked if they get a bailout.
If you wanted to gamble I would look at FNM vs FRE, but both are so close price wise..not much difference.
0
Grid,
Thats a tough one.
If you had gambled lately the odds are probably 50/50.
I gambled on IMB and lost (even though it looks like Schumer released insider confidential documents and broke the law and will probably get prosecuted but the deed is done) but if you had gambled on UAUA and LCC etc, the gamble paid off.
I dont like the odds on FRE and FNM, they wont go out of business and only the common holder gets smacked if they get a bailout.
If you wanted to gamble I would look at FNM vs FRE, but both are so close price wise..not much difference.
I have to be honest though, no matter the numbers they have been selling the group all month long. With vessel sales DRYS will show 7 bucks I imagine and 4-5 operating wise, and yet 18-20 bucks earnings this year is not good enough.
I really get the feeling they sell the stock no matter what happens.
Maybe George will have a good CC and update us regarding the OR assets and vessel LTC locks. It doesnt seem to matter that the company will make between 12-20 bucks a share no matter what for the next 5 years, they still want to sell it.
0
Grinder,
Yeah of course..haha
I have to be honest though, no matter the numbers they have been selling the group all month long. With vessel sales DRYS will show 7 bucks I imagine and 4-5 operating wise, and yet 18-20 bucks earnings this year is not good enough.
I really get the feeling they sell the stock no matter what happens.
Maybe George will have a good CC and update us regarding the OR assets and vessel LTC locks. It doesnt seem to matter that the company will make between 12-20 bucks a share no matter what for the next 5 years, they still want to sell it.
FNM and FRE will go to the preferred holders, more than likely.
I'd say you could short either "for a trade" if there is some mularkey run-up in either the next few days or so off bailout rumors.
The "trade" would be just for a fractional point.....maybe like .7ish and then get out.
WSC-
Yeah, I guess I'll look like a farking idiot if 5 years from now, "everything is fine."
I'd like to believe that "everything is fine," but I just can't buy in to that stuff. You yourself have even talked a lot on these threads about M3-----and you're right. I admit, I wasn't worried about it at first, but now I am. The 11 bailout packages of the last 13 months have a way of changing one's outlook.
Have a nice evening.
0
FNM and FRE will go to the preferred holders, more than likely.
I'd say you could short either "for a trade" if there is some mularkey run-up in either the next few days or so off bailout rumors.
The "trade" would be just for a fractional point.....maybe like .7ish and then get out.
WSC-
Yeah, I guess I'll look like a farking idiot if 5 years from now, "everything is fine."
I'd like to believe that "everything is fine," but I just can't buy in to that stuff. You yourself have even talked a lot on these threads about M3-----and you're right. I admit, I wasn't worried about it at first, but now I am. The 11 bailout packages of the last 13 months have a way of changing one's outlook.
Yep I have been worried about M3 for a long time, and it looks like Greenie should be taken to the stockcade if you ask me.
That said, I think they are done printing..especially with the change of leadership, regardless of who I think the M3 issue ends and they start allowing the currency to rebound. Maybe I am wrong again but I really think the bottom for the USD is close and I have given some thought to tossing some money with LOW margin into a currency account and go short the Euro or long the USD..
0
CC,
Yep I have been worried about M3 for a long time, and it looks like Greenie should be taken to the stockcade if you ask me.
That said, I think they are done printing..especially with the change of leadership, regardless of who I think the M3 issue ends and they start allowing the currency to rebound. Maybe I am wrong again but I really think the bottom for the USD is close and I have given some thought to tossing some money with LOW margin into a currency account and go short the Euro or long the USD..
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