Fannie Mae (FNM)
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FNM Forum Topics
- All Comments on FNM
- General Discussion on FNM
- Combating Cascading Short Spirals [view article]
- Bond Expert: Tuesday Wrap [view article]
- Can the Banking System Handle Huge New Write-Downs? [view article]
- Should I Buy Fannie or Freddie Stock Today? [view article]
- The Greatest Short Sale in History [view article]
- It's All About Guaranteeing Counter-Party Risk [Housing Tracker] [view article]
- Paulson in a State of Panic [view article]
- How Should The Federal Government Help Homeowners? [Housing Tracker] [view article]
- Freddie Mac CEO: Home Price Drops Only 1/3 Done [view article]
- Fannie and Freddie Did Not Cause This Crisis [view article]
- 6+ Questions About the Government's Stake In Those Bailed-Out Companies [view article]
loading ...Recent FNM Articles
- Where's the Smartest Money Investing?
- Bond Expert: Tuesday Wrap
- Combating Cascading Short Spirals
- Can the Banking System Handle Huge New Write-Downs?
- It's All About Guaranteeing Counter-Party Risk [Housing Tracker]
- Paulson in a State of Panic
- First CDS Bullet Dodged, but Good Luck with Lehman on Friday
- Of October CDS Auctions and Helicopter Ben
- Foreclosure Relief Efforts: Update [Housing Tracker]
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker]
- Full List of Articles »
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Fannie/Freddie’s Insolvency and Gold’s Immediate Outlook [view article]
Absolutely brilliant! I'm reading this in September 2008 and it's more relevent now.Furthermore Iwould like to promote my Obama tattoos at obamatattoos.com where you can get quality Obama Temporary Tattoos that are made in the USA. Hurry over while supplies last to get yours! Reply
Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
256540,You prompted me to look more closely and now I do have an author name and company to associate with this drivel. I missed it the first time through. Thanks! Reply
Rescuing Frannie [view article]
Bill Gross is a CROOK. That geezer face can do no wrong with the government in his pocket.MORAL HAZARD abounds. Reply
Bill Gross: 'Pick Me! Pick Me!' [view article]
good comments and good article. ReplyFannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
p.s. US Treasury bond yields will rise significantly as a result of FNM/FRE bailout. This is exactly what Bill Gross is hoping for (assuming he is still shorting treasurys). ReplyFannie, Freddie Headed for Conservatorship [view article]
palsboss, I've read that a significant number of calls were purchased on the XLF (insiders?) in anticipation of monday morning, so someone in the know must believe the bailout will be received as a positive. It's all about perception and make-believe at this point. ReplyFreddie/Fannie Plans In Motion; Why Are They Being Underplayed? [view article]
Alan,Maybe not directly on the balance sheet, but that is a fact only of accounting. The GSE's prospectus' also clearly stated that they were not government backed, but look where we are now. I'm sure you can see that the difference is meaningless.
The government's interest is now more direct and urgent. They have overtly acknowledged their ownership of housing in a way that even stupid investors can't ignore. This is probably why this isn't being reported by MSM. Yeah, maybe no details to report yet, but also maybe "investor awareness" is not exactly what dot gov has in mind. Reply
Brochstein
Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [view article]
While the details haven't fully emerged yet, this "bail-out" will avoid placing the debt onto the Federal balance sheet I believe. I think the right analogy is that the Federal Government is going to be a minority owner with a strong board presence!As far as "the federal government now has a vested interest in house prices", they did before as well... Reply
l
Hedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
Looking for a hedge fund job? The best way to get one is to contact them directly with your resume and cover letter. Now the hard part - finding a list of hedge funds. There are really no free lists, but there are some very cheap ones at www.hedgefundjoblist.c... ReplyFreddie/Fannie Plans In Motion; Why Are They Being Underplayed? [view article]
Mr. Brochstein,"Let's get something straight - FNM and FRE were a pure off-balance sheet arrangement of our government. They served to keep borrowing rates for mortgages lower than they would be in a free market by minimizing the risk of credit loss to any lender (without bloating the federal debt)."
Absolutely, positively correct, and foreign investors and CB's knew it, and that is why US government must guarantee the debt. Anyone familiar with this game knew this day would come. The GSE's were merely a way to bloat the US economy without direct federal borrowing.
Now that the debt has gone back where it belongs, on the US federal books, what will the impact be? Of course there will be a few days of managed happy reaction in the markets on Monday. But long term, this is dollar-destructive. Federal debt just went up by 50%; federal borrowing costs will ultimately rise accordingly. With federal borrowing increasingly "short", there's lots of federal debt to be reissued on a short schedule, so we might see this impact in weeks or months.
One more thing: the federal government now has a direct vested interest in house prices. Do you think the government will let them continue to fall? What do you think they will do about it to make prices stop falling, and even to rise? Don't ask shedlock, he says we're gonna have deflation. There are only two ways out of this mess: one is default, and the other is massive inflation. Both destroy the dollar.
Where is CLH to tell us how this is dollar-positive? His / her absence is almost creepy. Reply
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
Jeff Macke is a nitwit pretending to be a trader. He said buy POT twice, yet he never did so. Now he says sell it after a one-day pop off the bottom? He is just floundering. I would love to see him with a real trading account, he would not only lose most of his capital but he would lose his job as a pretend expert as well. Put Macke in the Cramer bucket and just ignore him. ReplyFannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
Maybe I've not had enough coffee this morning. What does this mean: Jeff Macke said to take off the Potash (POT) trade.Reply
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
All indications are that current FNM and FRE shareholders will be wiped out. How can preferred be saved without a future dividend? Overall stock market will be up 100-200 points on the open. Huge selloff by mid-week. Good luck. ReplyRescuing Frannie [view article]
By guaranteeing the debt of FNM and FRE, the (mostly sophisticated) investors that purchased this debt are held harmless from their stupid decisions. If these are private sector companies, then the equity and debt are private sector. If the company is allowed to fail, then the debt also should be allowed to fail.If these companies are in fact really owned by the government, then buy out the equity holders at the full value they held before the housing bubble collapsed along with the debt holders.
It appears that the way that this is happening, there will be little market discipline to the "bond investors", therefore they will be willing to try again soon with some other creative financial products that the government will have to bail out.
I need to have Gross teach me how to game the system.
Reply
Bill Gross: 'Pick Me! Pick Me!' [view article]
When we go deep into the ownership of the bonds/equity/preferred shares of Freddie and Fannie we realise that the average person on the street is not going to get a bailout ... the tax payer pays for the mistakes of the corporation Reply