yourdeadmeat69

Why is Bill Miller Increasing His Stake in Freddie Mac?

Google Laingly, the Barron article writer, you'll find it quoted word for word SIX MONTHS AGO pre "bailout". Must be a slow news day, or, Barron's feels its ok to launch an out of date provocative tease, to extort you into buying a subscription to read the "rest" of the story. The SEC ran a story today that it would aggressively pursue those who yell fire in the theatre, that is tell provocative lies, to move markets, and that is exactly what the article in Barron's does. Laingly actually has a way out--he has another googlable article four months later than this rehash, stating housing is in recovery mode!!! Can't have it both ways, unless his money with Uncle Fred is hedged short and long, a tactic Jim Cramer described in Wall Street Confidential couple years back on how to engineer stampedes and make money from the resultant panic.

FRE and FNM have their problems, but time to make new good loans and repackage the old, opportunity to make the Oct law work for better paper, these are things we haven't even tried yet.

And my sentiment? I'm long the stock, short in the money covered calls. I make money, or are at least protected, either way.

So why call these newspaper clowns out if I make money either way?

I don't like scumbag journalism, I don't like misuse of power, and I despise those working under the guise of independent thought, and are in positions where it isn't ok to lie obfuscate or have another agenda.