Seeking Alpha

the_pig_man » Comments » FNM

  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [View article]
    >I am very interested in how people think the markets will react to this when they open in Asia, Europe and the US on Monday. Anyone else want to take a shot at this<


    Dollar down. Spreads vs. Treasuries narrow on every type of debt class for a while. Financials rally (to be
    sold) Might be a watershed event for the credit
    markets but not equities. Be eternally grateful if it is just the former.
    Sep 07 08:10 am |Rating: 0 0 |Link to Comment
  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [View article]
    >Fan-Fred shareholders are just an instrument for the govt. to keep the GSE's debt off the federal budget. Therefore unless the govt. wants to explicitly or implicitly assume all govt. debt. it has to maintain the shareholders.<


    hmmm....not a bad point. Keep the shareholders
    just barely alive enough to maintain the fiction that the debt is theirs alone. It could happen.
    Sep 06 17:46 pm |Rating: 0 0 |Link to Comment
  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [View article]
    >You are a self-serving attention mongering twit. Wiping out the common stock would do more damage to the world then you could imagine<

    When Paulson said 15 times in July his
    first priority was to "protect the taxpayer", a light
    bulb should have gone off in your head. Trust
    me... Joe Six Pack is going to be so angry about
    the debt losses he will be paying for, he's not going to
    be very sympathetic to the shareholder losses.
    Sep 06 14:52 pm |Rating: 0 0 |Link to Comment
  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [View article]
    SWRichmond essentially has it right. They are going
    to dribble the losses into the US budget deficit
    quarterly. Sort of a drip, drip, drip, where the
    dollar is concerned as far as the eye can see.
    We've really done it this time. If we aren't looking
    at a 6-8% deficit to GDP sometime during Obama's or
    McCain's tenure, I'll be happy to eat my hat.
    Bush did a helluva job.
    Sep 06 12:44 pm |Rating: 0 0 |Link to Comment
  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? [View article]
    Gabe Borenstein is dreaming. Fannie Freddie losses
    over the next 3 years will easily run to $200-300B.
    Mercifully, the shares can only go to 0.
    Sep 06 12:28 pm |Rating: 0 0 |Link to Comment
More on FNM by the_pig_man
Comments by Ticker
the_pig_man's
Comments Stats
16 comments
Rating: 0 (2 - 2 )