Paper Doll :('s Comments

Why I am Selling Thornburg Mortgage

Sun, 20 Apr 2008 22:54:09 -0400

Hey Jumboloans,

Guess what?

GAME OVER :)

Kindest regards,

Rose

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 22:30:47 -0400

A word of caution to everyone... someone hacked into my yahoo account and stole my USER ID, "Paper Doll". They have been posting under my ID. I have reported them to the Site Administrator, but I fear it will be ignored as it may very well be someone affiliated with the site. Who else would be privy to such info? I sense the culprit will not rest until he/she disrupts this forum so out of respect for all the reputable posters here, I think it is best if I do not post here anymore. I bid everyone a fond farewell, and I wish you all the best with your investing endeavors.

Kindest regards,
Rose :(

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 21:22:31 -0400

Due to the relentless harrassment by another poster assuming various identies such as User 162914, crazee_trade, monkeybusiness, Mickey_Sabbath, and even my own ID "Paper Doll", I have elected to withdraw from this panel as I fear this person has ill intentions and will not rest until he/she has succeeded in disrupting this forum. For the sake of those who have posted here and engaged in this wonderful exchange, I bid farewell. AND may the culprit who triumps in my exit, be treated with same disrespect he/she has dealt others.

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 21:05:00 -0400

A Word of Caution to all the reputable bloggers on this board. I has come to my attention today that someone hacked into my account and stole my USER ID. I assume it could only be someone affiliated with the Site Administrator as no one else should have access to this info. I was under the impression this site was more secure than that, but obviously not. I have reported the incident so perhaps the person responsible for disrupting the flow of exchange will be dealt with accordingly ASAP. Anyway, for the time being, I will not be posting here under my usual ID anymore.

Kindest regards, Rose :(

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 20:44:01 -0400

User 174636:
Gee, what was with the trading today... up and down, up and down?

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 16:28:49 -0400

See, two can play that game. Are we having fun yet?

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 16:17:39 -0400

To Mickey_Sabbath:

Nice try bud, but I think most posters here are savvy enough to recognize the difference between "Paper Doll's" posts and "paper_doll's" posts. You've been pegged/had. What is your problem anyway... do you have some sort of personal vendetta against Mr. Yetiv? I think I must have hit the nail on the head. Do you really think folks are that gullible?

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 16:08:01 -0400

quantjock AKA Mickey_SabbathMar 23 06:46 PM WROTE:
I reckon me and da younguns will mosy on over to da window, and ask for a couple mill. Ain't this a great country. I reckon, they might ask for some credit history. The ole lady, she workin at the Mart, and her credit is as good as dey git at da Mart. Maybe they'll add a few extra zero's so me gits a billl or so, and a new RV

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 15:33:33 -0400

Mickey_SabbathMar 23 08:39 AM WROTE:
Hey Crazee, you ought to sell your 200 shares and buy some flowers for the misses. You run your own hedge fund, and actually think that
TMA can borrow at the discount window? LOL. IRA money does not count in hedge fund rankings, sorry. Hope all your "hedge fund" money isn't in this stock. Its going to be completely liquidated by the end of the quarter.

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 15:22:50 -0400

Mickey_SabbathMar 22 05:47 WROTE:
PMI just wanted to add my two cents as well to this extraordinary discussion. I would like to tell Mr Tundra that I don't think bailing out BSC is obscene. That implies something immoral, indecent. But, as a student of Capitalism, that is the way the system works. You were just on the wrong side of the trade. Mr Paulson is a former Goldman Sachs suit. And by golly, they decided a long time ago that they would F**K Bear Stearns if given the chance (payback for LT capital; BSC was the only one that refused initial attempts for bailout. Google that one. Perhaps the "hedge fund imposter" on this board remember)As you may know, they are the ones that caused a run on Bear refusing to accept BSC as counterparty; (curtains for them suckers). And, while you and the rest of sycophants maybe suffering from the TMA loss, Doc is not (wink, wink). Its not just money, it is the emotional energy you are still pissing away hanging on to losing trade. Remember, Doc made his fortune at the government teat, right here in the longhorn state, "housing po folk" as he puts it, with housing loans secured by the FHA (Federal Housing authority). You truly are one of a kind, as needful hero worship, as Kim Il Sung II. Thanks for all your thoughts on this fascinating subject. I truly enjoyed the intellectual banter.

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 14:59:57 -0400

Mickey_SabbathMar 21 03:26 WROTE:
PMPJ to your multiple choice question of March 20th. The answer is number 1; the discussion is so far off base, and its helpless to try to help. It reminds me of a quote by (was it Samuel Johnson?) "Answer a fool according to his folly, less he be wise to his own conceit". They did get a room and nobody showed up; but it is hard to keep up with new aliases, and I'm in tears laughing at the the comical nature of the reciprocal flatter-fest

Thornburg's a Huge Bargain After Monday's Crash

Mon, 07 Apr 2008 12:27:02 -0400

Everyone, please bear with me for a minute as I briefly detour from this amazing discourse just long enough to note something I believe should be addressed. I must address the “tit for tat” that has been going on with the single blogger who calls him/herself:
User162914
AKA
crazee_trade (NOT TO BE CONFUSED WITH ‘crazee_trader’ post)
AKA
monkey business
AKA
Mickey_Sabbath
and/or what other alias IT has assumed…

To the blogger using the tags above:
Dear sir/madam… YOU must wake up in a different world every day. Just what is your game? What are your intentions? AND what are you trying to insinuate? I feel like I have suddenly inherited an older sibling who has nothing better to do than amuse him/herself with adolescence games resembling some sort of rivalry and teasing. Who do you think you are fooling and for heaven’s sake why?

I can identify posts written by you on this discussion board dating as far back as March 17th; MOREOVER, I still vividly remember one post in particular with your tag on it which YOU posted on that VERY day (see below). I believe at the time you were posing as “User162914” although I think “monkey business” is definitely more fitting.

YOUR POST on that date reads as follows:
QUOTE “Mar 17 06:09 PM Tumbleweed, alias frozen tundra, green-cheeks, rose, and whatever. Don' t flatter yourselves thinking anybody really wants to hear what you have to say. Your 15 minutes of fame (or infamy) are gone. Learning on the job is dangerous as one can see from recent events. Do you actually believe the commentary after the TMA destruction of value is useful? Despite claiming that investors had the chance to "get out" at prices well above lows (making you look less bad), you are just recommending coin flipping. The tedious, verbose nomenclature-laden tripe has zero value, more so coming from this thread, and at this stage of the process. Real posters are gone, and left are the image control gang, and those LOL. Good luck” UNQUOTE

So Mr. Mickey Sabbath (mind if I call you that since that is your most recent alias), the topic of TMA is a serious discussion and a matter that many here do NOT take for granted, understandably so. I, for one, certainly do not have time for your nonsense or pranks. I must ask, are you stable? Even though I majored in Liberal Arts, I minored in Psychology; consequently, I have tremendous compassion and understanding for persons suffering from mental instability. It is an affliction I take to heart sincerely. Based on what I have witnessed here, you are either extremely immature, a stooge OR in need of professional help. If the latter is indeed the case, then I strongly encourage you to seek help. I can overlook your future posts as now I can clearly see you have issues so please do not take offense if I choose to opt out of any further exchange with you.

Again, I apologize to the more credible posters for interrupting this amazing discourse with dialogue concerning this recurring nuisance.

Thornburg's a Huge Bargain After Monday's Crash

Sun, 06 Apr 2008 22:32:05 -0400

PJ568:

I went back and read your post again, and I think I understand the basis for your question now. To what extent the new guard might be leveraged is a thought that really had not occurred to me til you brought it up. After listening to the NPR interview referenced above, the leverage issue seems to be at the root of practically everything even remotely related these days; consequently, I can sympathize with your concern.

Thornburg's a Huge Bargain After Monday's Crash

Sun, 06 Apr 2008 17:00:43 -0400

PJ568:

Thanks for the clarification. If I understand you correctly...

I really can not imagine MatlinPatterson being heavily leveraged. AND I do not think R. Rainwater would be heavily leverage NOR Legg Mason, ect.

Are these the bodies to which you are referring?

Thornburg's a Huge Bargain After Monday's Crash

Sun, 06 Apr 2008 16:49:24 -0400

distressbuyer:

I learned a little something today :o

This is powerful stuff:
Michael Greenberger on NPR…
<www.npr.org/templates/...;

>“Complex derivatives developed by banking community in mid 80’s. More money invested in derivative products than stocks and bonds.” (insane!)

>“Derivative products are essentially very disruptive hidden bets… most common is betting on the direction of interest rates.” (speculative)

>“shadow system, dark market, no regulation” (creepy)

>“Before recessing for Christmas 2000, Phil Graham, Chairman of Senate Finance Committee, introduced a piece of legislation that completely deregulated derivatives known as Commodities Futures Modernization Act which was drafted by lawyers for investment banks on Wall Street.” (suspicious)

>“US has been embarking on financial fiascos ever since.” (treacherous)

>“Phil Graham is Chief Economic Advisor to John McCain… also an officer of UBS, a Swiss bank reporting losses of 12 billion dollars due to these bets.” (and this guy's running for president?)

Paper Doll writes:
Unbelievable, insane, as far from ethical as can be!
Credit Default Swaps, DEREGULATED!!!

I am truly ashamed that I ever used the noun ‘bet’ in conjunction with my investments.

distressbuyer: I think you may have made a convert out of me.

Thornburg's a Huge Bargain After Monday's Crash

Sat, 05 Apr 2008 04:45:24 -0400

distressbuyer wrote:

PEOPLE WITH MONEY aren't going to stop buying big houses that cost $1mm +. A large portion of these people aren't affected by all this mess and heck, they might even get more active in buying if the current crisis causes a dip in high $$ home prices. The world is not ending...especially for these types of borrowers....they have $$ and they will keep building/buying houses.

distressbuyer, I am so glad you stated that… that and everything else you just said… ALL of it… it needed to be said! I believe you are right on. You just made my day… THANKS IMMENSELY!!! Have a GREAT WEEKEND :)

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 22:18:31 -0400

To PJ568:
When you referr to the new guard, precisely who are you referring too? Just trying to keep up here...

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 21:27:55 -0400

I signed on here as a novice, not a know-it-all. The only thing I know are my intentions. Consequently, therefore, forgive me for livin and breathin, but I am seriously seeking answers and clarity. This does not involve anything more! You want to share in learning, then read and process.

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 20:21:43 -0400

crazee_trade aka monkeybusiness:

What the HELL are you talkin about????????

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 14:26:53 -0400

gfather:

You strike me as a highly educated individual… perhaps even a professor of sorts, and I only mention this because of your humble willingness to share what you know. I was a Liberal Arts major and although crunching numbers is not my forte, I am fascinated by the financials.

I have been trying to decipher the SEC filing, Statement of Changes in Beneficial Ownership by R. Rainwater filed 4/02/08. Have you had an opportunity to review it? I believe I understand the implications but not entirely. I am obviously learning here so I must express that certain of the content are currently beyond my comprehension. Can you or would you be so kind as to share your interpretation of this instrument?

By the way, I thought your synopsis of TMA was brilliant, and although portions of it were a bit over my head, I am pleased to say that I believe I got the gist of it; therefore, all is not yet lost. Besides, one must have something to strive for, correct?

To NormanQ:

Bless your heart, I appreciate your advice, but I must respectfully disagree with you. Now is not the opportune time for me to sell TMA or for me to get TMA out of my portfolio. You see, I have an advantage as long as I own it. This may not make complete sense to you or anyone else, but just know that not making sense does not automatically imply stupidity...

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 12:42:27 -0400

gfather:

I am sure you must be aware that you are not alone in your synopsis of TMA. One source affiliated with a financial firm(I'm not at liberty to say which one) very bluntly informed me that he would not recommend TMA to anyone. He believes TMA is in the fix today because of the risks they take, and if the truth be known, the value of their stock is actually in the negative. He also went on to say that TMA will never pay another dividend.

You know, it's easy to say these sort of things now, but in all the years past, I never heard anything bad about TMA. It was always, always portrayed as an outstanding, credit worthy, sound company with excellent quality of mortgages. So much for that, huh?

Thornburg's a Huge Bargain After Monday's Crash

Fri, 04 Apr 2008 05:58:03 -0400

distressbuyer (speaking of the devil) :-)

Based on the limited info I have been able to dredge up in regard to MatlinPatterson and their operations, I am prone to feel similarly about them. (Wish I could research them further though as I am still not sure how noble their intentions are.) They seem to have had some success stories as well as some bad outcomes. Either way, I do not think they would be wasting their time and others on TMA unless they saw potential there. Besides what other intentions might they have if not to make money? The fact that the agreement with TMA allows the BIG INVESTORS to appoint five (5) members to the ten (10) member board as they see fit indicates to me how adamant those investors (old and new) are about steering the company toward becoming viable and prosperous again. To not have those expectations and to not realize success would be a tremendous shame.

The odd thing is, as a shareholder, I have transitioned, and I do not feel any real pressing threat from the takeover. Seriously, am I supposed to? Perhaps it is time to "sweep the kitchen", and just maybe this is not such a bad thing after all, especially in view of the dire situation TMA is in. Without more and better info (to which I feel shareholders are entitled), common shareholders like me are at a disadvantage. Since all this "credit crunch/mortgage crisis" dilemma is deemed unprecedented, who is to say how it will turn out? The book has not been written, and undeniably, the turn of events leading up to now has fooled quite a few.

The bonds are something I would like to know more about and thus follow. I guess I will have to find a broker. The ones with which I have experience are all rather tight lipped and have their own agenda... what $ they can pocket. Not long ago, I tried discussing TMA with a CPA who specializes in estates and I also attempted a similar discussion with an investment banker. Neither seemed as apprised of TMA's predicament as I. I found the discussions frustrating. Honestly, I have enjoyed a better exchange of info through this discussion board.

Fruits anyone?

Thornburg's a Huge Bargain After Monday's Crash

Thu, 03 Apr 2008 20:49:22 -0400

Well, Mr. Yetiv,

I don't know if you are still hanging around, but I think it's time you wrote an updated article so we can start a new blog. This one seems to be dwindling down. You could title it "TMA, The Sequel".

Thornburg's a Huge Bargain After Monday's Crash

Thu, 03 Apr 2008 12:36:51 -0400

Anyone here familiar with MatlinPatterson???

If so, how will they treat the shareholders? Will MatlinPatterson demonstrate that they have investors' and shareholder interests at heart?

Haven't We Heard this Market Song Before?

Thu, 03 Apr 2008 12:21:47 -0400

I would like to invite all you posters interested in discussing Thornburg Mortgage (TMA) over to Jack Yetiv's blog: (We need some fresh perspective...)

seekingalpha.com/artic...

Thornburg's a Huge Bargain After Monday's Crash

Thu, 03 Apr 2008 10:55:10 -0400

Just curious... does anyone know what became of the five (5) or so class action law suits against Thornburg Mortgage last summer?

Thornburg's a Huge Bargain After Monday's Crash

Wed, 02 Apr 2008 09:43:21 -0400

monkeybusiness:

AND the moral to your story is...

I guess the upside to your story could be when the good little girl decides she has nothing else to loose ~~~ so the good little girl invests in TMA common simply because it is trading at a pittance, and the good little girl views this event as a once-in-a-lifetime opportunity that she can NOT afford to pass up ~~~ so the good little girl bets (NOT HOPES) on the longshot, TMA ~~~ AND in another 5 to 7 years, the good little girl realizes a healthy gain from her meager investment in TMA common ~~~ THEN the good little girl pays her rich mean uncle off, declares her independence, and lives happily ever after in the home of her dreams :-)

The moral to this story: Never Ever give up!

PS I descended from a long line of storytellers. What made the stories we told so interesting is... although they were unbelievable, they were true.

Thornburg's a Huge Bargain After Monday's Crash

Tue, 01 Apr 2008 17:59:41 -0400

I say, "Let's ROLL!"

Thornburg's a Huge Bargain After Monday's Crash

Tue, 01 Apr 2008 17:56:14 -0400

I can not forget the fact that insider trading indicates just how many and how much of those insider trades are common (just like some of us); moreover, those insiders are in a position to feel highly motivated to protect their common shareholder interests. I do not believe for one millisecond that TMA management has ANY intentions of letting that company get away from them. If you think this saga has been interesting up til now... buckle up cuz I gotta a feelin it's gonna get much more so.

Thornburg's a Huge Bargain After Monday's Crash

Tue, 01 Apr 2008 16:53:16 -0400

gfather:
Thanks for your response. I would like to know what, if anything, a current shareholder might do in the immediate future to protect his/her interest from dilution? How does a shareholder counter dilution of his/her shares? Do you just dump all the stock, and take a loss now? Do you wait to see how things evolve? What are the options for someone who is invested as a common shareholder?