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  • Seth Klarman, Meryl Witmer and Marty Whitman - Q2 2008 Portfolio Moves [View article]
    Lets assume the worst and that is the Fannie and Freddie stock go bust to zero, the government take the GSE's, so what? are we going to h*** for that? are the mortgages in their books go bust? are we going to crush? the answer is no! all those mortgages in their books will automatically be backed up by the government and even be rated as triple A, that will upgrade the books of all of those holding them into CDOs, MBS, SIVs and cause massive write ups! so what is the nonsense in here? that would be the best case scenario for bond and mortgages insurers, I am sure there are many of them praying for the government to take over the books of Freddie and Fannie.
    Aug 20 20:03 pm |Rating: 0 0 |Link to Comment
  • Seth Klarman, Meryl Witmer and Marty Whitman - Q2 2008 Portfolio Moves [View article]
    The best opportunities are in finantials right now even if Fannie and Freddie are in trouble, going long with them won't go wrong.
    Aug 19 07:59 am |Rating: 0 0 |Link to Comment
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