Medici

Why I Finally Bought Fannie Mae

The equity is worthless-

Mother of All Short Squeezes?

Naked shorting Legal?? What? Crazzzyyy....It has nothing to do with the "free markets", essentially people could sell short more shares in a company than actually exsist...Thats not good for anyone in the "free markets". shorting is a good, naked shorting = bad.

Short Sales: SEC Turns Back the Clock to 1931

Naked Short Selling as it is called has always been illegal, this will be a BOOM for clearing firms Stock Locate Dept. with borrowing stocks short interest premiums. A hard locate simply means that the "shorter" has to now have the shares of a stock they are shorting, solidly borrowed with interest paid to the lender of the shares, rather than a "best effort" with no interest paid to the specific shareholder. The interesting things are that the Bank Shares have NOT eliminated there dividend as expected and many people shorting at the currently low multiples and share prices also have to pay the dividend to the lending shareholder, and eventual deterent-

Barron's Goes Bullish on Banks, Again

Barrons Loved GM, The Housing Sector and Now Banking? They Will go 3 for 3 with this pick, 3 for 3 to the downside that is.....Maybe there is still a little pop left after last weeks huge run, but the banks are a long way from being outright buys-

Love Notes from Fannie Mae to the Fed, Etc.

Buy??
Sure Buy on a "No Credibility Bail Out", this market is going much lower-
The Fed, Paulson & Fannie/Freddie All have NO Credibility

Parsing Paulson: The Fannie and Freddie Bailout

Gross.....On Friday, Fannie and Freddie say they don't need anything, and the Fed denies any need for action. 2 days later....A Bail Out.
CAN YOU SAY NO CREDIBILITY
And then the SEC is going to go after rumor mongers??? The RUMORs turn out to be true more often then not now a days....
What a joke-

Friday Options Update: FRE, FNM, LEH, WB, AIG, SLM, MER, XLF

People are confusing loan losses at FNM and FRE with SLM, A mistake-