pochovilla

Again ... It Wasn't Fannie and Freddie

They didn't cause the problem but were willing participants. Too much money slooshing around paid a lot of people to look the other way. When you get caught with your pants down blame the "shorts"

Don't Worry, The Banking System is Sound

When Henry speaks people listen. What did he say?
Suppose sound is an acronym for Sucking Out "Ur" New Dollars

Trust vs. Transparency: What the Market Needs Now

Transparency could be provided quickly if the attorney's don't wordsmith too much. Trust takes a long time to build once it is violated.

Paulson Should Remain Treasurer Through the Elections

The score is 56-0 and Hank the coach is feeling the pressure of the BIG GAME. His only remaining quarterback has a concussion, the receivers all have pulled hamstrings. With less than two minutes left in the half his team is on the 10 yard line. It's 4th and 38. The coach sends in "everybody deep" we're going for a Hail Mary.

Paulson and Friends, Translated

When Henry talks people listen. It's just that we have no clue what he is saying when he says it.
Mish does a nice job of translation based on results
Watch him on an extended testimony on CSPAN and see the expression on the committee member's faces. They can't wait until January 09.

The 'Canary in the Coalmine' for Fannie, Freddie

The canary has been dead for some time and is on life support. Due to privacy laws the doctors can only report "the patient is fine and we are optimistic that a recovery is possible"

Love Notes from Fannie Mae to the Fed, Etc.

Paul: You're clairvoyant.
You should also know there is a vicious rumor going around that on Monday the Treasury Dept will introduce a new one dollar bill. On the reverse will be printed:
"IN HENRY WE TRUST" followed in fine print : "When Henry speaks people listen" followed by "I know you believe what I said is true, but I'm not sure you understand that what I said it not what I meant"

One final thought. The history detectives have found evidence that there were insufficient "bailing buckets" on the Titanic.

Paulson's Fannie / Freddie Dance

Enter your comment hereto the investing speculation. I should have added:
"I'm Henry Paulson from the US Government and I'm here to help you."

The ABCs of the Fannie Mae / Freddie Mac Problems

It takes the whole alphabet to describe the problems with Freddie and Fannie. ABC is the condensed version.

Paulson's Fannie / Freddie Dance

Oh, if they could only leverage "hot air", Paulson would be worth a trillion.

Treasury Sec. Paulson Rejects Systemic Approach to Foreclosures

Did Paulson have a good reputation on Wall St? As far as I observe on TV and C-Span his qualification for Secretary of Treasury was Political as in contributions to Bush & Republicans which now are returned as favors to his friends fraternity brothers at GS and on Wall St.

Pick Up Undervalued Financials - Barron's Interview

Let's see. Take the advice of Penza, lose 43% of your "investment" and this is a good as it gets. Where do I sign up?

Oh, the Irony: Fannie Mae's Delinquent Loan Losses, Government Housing Solutions

"Hi, I'm from the government and I 'm here to help you"
which means taxpayers pay the bill, shareholders experience deflation, attorneys on both sides battle for settlement dollars. The whole process takes years to unwind. This is how a dollar becomes 10 cents.