paulibloom

The Inverse Fannie/Freddie Correlation Indicator

Think MBI and ABK-manufactured negative spin-even the rating agencies changed opinion when the stocks went up. I have no investment in any of these but the parallel is striking when you consider the comments of the NLY-and they are smarter than most on FNM and FRE. Do you remember how MBI/ABK were going to take down the free world until they did not and then they actually did much better than feared. Think again