yourdeadmeat69's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/236705/comments http://seekingalpha.com/article/94307-a-closer-look-at-the-treasury-s-gse-preferred-stock-purchase-plan?source=feed#comment-247703 247703
There will be a stampede tomorrow by folks who'll bolt in either direction, first to think this is some kind of new guarentee, then those that read the fine print and find out, govt GSE preferred is WORSE than private banking preferred, a quote from Paulson, traditionally lost probably SEVENTY YEARS.

After all, he just found out via JPM this is a "flawed model" and S and P took till conservatorship was announced to downgrade the stocks. Now that takes genius, doesn't it?

The truth, the common and preferred will be all over the place. ]]> Sun, 07 Sep 2008 16:14:43 -0400
There will be a stampede tomorrow by folks who'll bolt in either direction, first to think this is some kind of new guarentee, then those that read the fine print and find out, govt GSE preferred is WORSE than private banking preferred, a quote from Paulson, traditionally lost probably SEVENTY YEARS.

After all, he just found out via JPM this is a "flawed model" and S and P took till conservatorship was announced to downgrade the stocks. Now that takes genius, doesn't it?

The truth, the common and preferred will be all over the place. ]]> http://seekingalpha.com/article/94308-fannie-and-freddie-80-dilution?source=feed#comment-247698 247698
Rubbish. The mortgage granting model was deregulated to liar ninja loan status, the reserves these two firms fine, if regulatory guidance was enforced and in place. They said as much, their fault, their mess to get us out of.

The taxpayer pays, and the shareholders scapegoated for management incompetence, which escapes witht their millions. Japanese and our buddies the Chinese (!) get to continue to fund our wars, and the small investor continues to emulate Barney Frank, whether so disposed or not.

Paulson wisely left it to the markets to conclude the wipe out scenario this article incorrectly surmizes. S&P, those great harbingers of truth, downgrade the preferred and common to junk AFTER CONSERVATORSHIP?

Now that's the kind of forward thinking analysis we pay for....

In truth, this speculative stock will be all over the place the next three days. What a farce. Daytraders delight.]]> Sun, 07 Sep 2008 16:04:47 -0400
Rubbish. The mortgage granting model was deregulated to liar ninja loan status, the reserves these two firms fine, if regulatory guidance was enforced and in place. They said as much, their fault, their mess to get us out of.

The taxpayer pays, and the shareholders scapegoated for management incompetence, which escapes witht their millions. Japanese and our buddies the Chinese (!) get to continue to fund our wars, and the small investor continues to emulate Barney Frank, whether so disposed or not.

Paulson wisely left it to the markets to conclude the wipe out scenario this article incorrectly surmizes. S&P, those great harbingers of truth, downgrade the preferred and common to junk AFTER CONSERVATORSHIP?

Now that's the kind of forward thinking analysis we pay for....

In truth, this speculative stock will be all over the place the next three days. What a farce. Daytraders delight.]]> http://seekingalpha.com/article/94188-freddie-fannie-plans-in-motion-why-are-they-being-underplayed?source=feed#comment-246790 246790
Didn't scapegoating go out of style around the days of the Holocaust?
Does anybody in govt deserve responsibility for deregulation, or wholesale lack of lending standards? Do foreign investors come first, since they finance our worthless wars?

Seems to be that's a govt role abandoned to the gospel of "free" markets, as in free-for-all. Maybe it is better if they did pull their money, and we actually had to make something in this country, and live with it. You'd miss your made in China slave labor COSTCO shirt though, wouldn't you. $16.95.

Shareholders are little people with hope. Not all of us are like Dick Cheney, whose Halliburton oil stock is up 500% since the Iraq war started he originally said was a nonstarter in 1994, then sat back playing puppetmaster, while our ex drunk President tried to put two phrases together to make a whole sentence with his alcohol impinged brain.

The interlocking investments in common in 401K's will not only wipe out many folks, I think you'd better look at all those banks you love, many hold common in FRE/FNM and you should be checking REAL close. Wait till you see what THEY'RE holding....

Market will crash due to the stampede, just like it did in 1987 till people parse out the difference between conservetorship, and receivership. One preserves, the other is a do over. It'll be lost to the cattle, to include braindead misreporting at CNBC and WSJ, who I may add, can publish any drivel they want, as long as Uncle Fred goes short before the story hits the fan, and those misimpressions hit the blog board in perpetuity. Do your OWN DD, and listening to fast money and Cramer isn't due diligence.

And get out of the way of the cattle Monday, or run with them. The bulls at Pamploma Spain may be stupid and mean, but when they frighten, run with, not against them, or be trampled.]]> Sat, 06 Sep 2008 07:39:52 -0400
Didn't scapegoating go out of style around the days of the Holocaust?
Does anybody in govt deserve responsibility for deregulation, or wholesale lack of lending standards? Do foreign investors come first, since they finance our worthless wars?

Seems to be that's a govt role abandoned to the gospel of "free" markets, as in free-for-all. Maybe it is better if they did pull their money, and we actually had to make something in this country, and live with it. You'd miss your made in China slave labor COSTCO shirt though, wouldn't you. $16.95.

Shareholders are little people with hope. Not all of us are like Dick Cheney, whose Halliburton oil stock is up 500% since the Iraq war started he originally said was a nonstarter in 1994, then sat back playing puppetmaster, while our ex drunk President tried to put two phrases together to make a whole sentence with his alcohol impinged brain.

The interlocking investments in common in 401K's will not only wipe out many folks, I think you'd better look at all those banks you love, many hold common in FRE/FNM and you should be checking REAL close. Wait till you see what THEY'RE holding....

Market will crash due to the stampede, just like it did in 1987 till people parse out the difference between conservetorship, and receivership. One preserves, the other is a do over. It'll be lost to the cattle, to include braindead misreporting at CNBC and WSJ, who I may add, can publish any drivel they want, as long as Uncle Fred goes short before the story hits the fan, and those misimpressions hit the blog board in perpetuity. Do your OWN DD, and listening to fast money and Cramer isn't due diligence.

And get out of the way of the cattle Monday, or run with them. The bulls at Pamploma Spain may be stupid and mean, but when they frighten, run with, not against them, or be trampled.]]> http://seekingalpha.com/article/94189-rescuing-frannie?source=feed#comment-246788 246788
Saving Japan and Chinese investments in swollen mortgage paper built on liar loans is the goal. Saving American shareholders? That's nickel and dime, but they get to be scapegoats dumb for investing in America, while the Chinese and Japanese pay for Republican wars that pop leadership's personal interests, like Cheney's 500% gain in Haliburton stock, waiting for him end of January 09. And the Fed has backed shorting commodities like gold and silver, to keep this from becoming a total rout...who knows if that will stem the tide, there isn't any physical silver and gold left to buy! Google Ted Butler who discovered that fiasco...designed to counter the Monday morning bloodbath.

We sure finally got around those pesky freedoms granted in the Constitution, financial slavery brought to you by the current administration, people more worried about oral sex in the Presidential palace than moral leadership in personal finance.

Look in the mirror if you want to blame anyone while you're driving your 10MPG SUV wondering why gas is priced so high.

Welcome to moron central.]]> Sat, 06 Sep 2008 07:18:58 -0400
Saving Japan and Chinese investments in swollen mortgage paper built on liar loans is the goal. Saving American shareholders? That's nickel and dime, but they get to be scapegoats dumb for investing in America, while the Chinese and Japanese pay for Republican wars that pop leadership's personal interests, like Cheney's 500% gain in Haliburton stock, waiting for him end of January 09. And the Fed has backed shorting commodities like gold and silver, to keep this from becoming a total rout...who knows if that will stem the tide, there isn't any physical silver and gold left to buy! Google Ted Butler who discovered that fiasco...designed to counter the Monday morning bloodbath.

We sure finally got around those pesky freedoms granted in the Constitution, financial slavery brought to you by the current administration, people more worried about oral sex in the Presidential palace than moral leadership in personal finance.

Look in the mirror if you want to blame anyone while you're driving your 10MPG SUV wondering why gas is priced so high.

Welcome to moron central.]]> http://seekingalpha.com/article/94185-fannie-freddie-headed-for-conservatorship?source=feed#comment-246785 246785
Saving Japan and Chinese investments in swollen mortgage paper built on liar loans is the goal. Saving Ameican shareholders? That's nicke and dime, but they get to be scapegoats dumb for investing in America, while the Chinese and Japanese pay for Republican wars that pop leadership's personal interests, like Cheney's 500% gain in Haliburton stock, waiting for him end of January 09. And the Fed has backed shorting commodities like gold and silver, to keep this from becoming a total rout...who knows if that will stem the tide, there isn't any physical silver and gold left to buy! Google Ted Butler who discovered that fiasco...designed to counter the Monday morning bloodbath.

We finally got around those pesky freedoms granted in the Consitution, with financial slavery. Flip those burgers America, if you don't mind not looking too closely at what they call meat, the funding of what we do, and the making of our clothes, is all outsourced to someone else we have to back on the backs of the American taxpayer.]]> Sat, 06 Sep 2008 07:09:17 -0400
Saving Japan and Chinese investments in swollen mortgage paper built on liar loans is the goal. Saving Ameican shareholders? That's nicke and dime, but they get to be scapegoats dumb for investing in America, while the Chinese and Japanese pay for Republican wars that pop leadership's personal interests, like Cheney's 500% gain in Haliburton stock, waiting for him end of January 09. And the Fed has backed shorting commodities like gold and silver, to keep this from becoming a total rout...who knows if that will stem the tide, there isn't any physical silver and gold left to buy! Google Ted Butler who discovered that fiasco...designed to counter the Monday morning bloodbath.

We finally got around those pesky freedoms granted in the Consitution, with financial slavery. Flip those burgers America, if you don't mind not looking too closely at what they call meat, the funding of what we do, and the making of our clothes, is all outsourced to someone else we have to back on the backs of the American taxpayer.]]> http://seekingalpha.com/article/93823-equity-markets-forex-and-precious-metals?source=feed#comment-245854 245854
If the Fed didn't cheat and keep a short lid on silver and gold, gold would already be $2000, silver $25. By manipulating the POS and POG via shorting miners, the govt keeps the illusion fiat is worth something.

How long that will be possible to do? Hey. They are successful burdoning the future with unending debt, why shouldnt they be able to print fiat to support fiat indefinately, regardless. When Bunker Hunt cornered the silver market 1980, they went to jail.

When the Fed does it using banks as a front 2008, they get away with it.

For a while.]]> Thu, 04 Sep 2008 20:45:23 -0400
If the Fed didn't cheat and keep a short lid on silver and gold, gold would already be $2000, silver $25. By manipulating the POS and POG via shorting miners, the govt keeps the illusion fiat is worth something.

How long that will be possible to do? Hey. They are successful burdoning the future with unending debt, why shouldnt they be able to print fiat to support fiat indefinately, regardless. When Bunker Hunt cornered the silver market 1980, they went to jail.

When the Fed does it using banks as a front 2008, they get away with it.

For a while.]]> http://seekingalpha.com/article/91940-why-i-finally-bought-fannie-mae?source=feed#comment-235390 235390
These "leaders" in charge of the Fed have been feeding us pablum for years, from war, to removing gold and silver from being money, but some of us passed eigth grade math and know differently when we look at the quality of the doc behind the paper. It was always second tier, by design. No doc, is a joke, not an investment.

Under the radar, two years ago, I Oct '08 law strengthening the documentation requirements even for subprime, might have made a difference. Sorry. It is too late for anyone but daytraders this stock. The common we bought is toast, the world cringing as they decry, as oversea did this morning, that they, overseas, have FNM/FRE bonds, and the Fed govt will buy preferred, as stopgap, diluting the entire company, pressuring common further, getting priority for payout, when and if dissolution occurs. Political gaffe, from bailing out the common, prevents us from any rescue. We, the common, is toast.

Fuhgeddaboudit.

Time to do a Billy Crystal "do over", repackage the liar and subprime loans into something somebody will buy overseas (good luck), keep the doc paper and the new loans coming into a new entity with strict guidelines.

That honors bond holders and preferred the old FRE/FNM, that trashes the common you and I hold unfortunately, but it starts the world repairing itself.

I tried to call my Congressman on this issue this week.

They were on vacation. The Housing Chief came back off vacation to talk the matter over with Paulson et al yesterday.

I think he came back to pick up a pair of socks he forgot.

Call do over, and let's straighten this thing out without leaving it lingering over the American people and the world another YEAR!]]> Thu, 21 Aug 2008 06:35:15 -0400
These "leaders" in charge of the Fed have been feeding us pablum for years, from war, to removing gold and silver from being money, but some of us passed eigth grade math and know differently when we look at the quality of the doc behind the paper. It was always second tier, by design. No doc, is a joke, not an investment.

Under the radar, two years ago, I Oct '08 law strengthening the documentation requirements even for subprime, might have made a difference. Sorry. It is too late for anyone but daytraders this stock. The common we bought is toast, the world cringing as they decry, as oversea did this morning, that they, overseas, have FNM/FRE bonds, and the Fed govt will buy preferred, as stopgap, diluting the entire company, pressuring common further, getting priority for payout, when and if dissolution occurs. Political gaffe, from bailing out the common, prevents us from any rescue. We, the common, is toast.

Fuhgeddaboudit.

Time to do a Billy Crystal "do over", repackage the liar and subprime loans into something somebody will buy overseas (good luck), keep the doc paper and the new loans coming into a new entity with strict guidelines.

That honors bond holders and preferred the old FRE/FNM, that trashes the common you and I hold unfortunately, but it starts the world repairing itself.

I tried to call my Congressman on this issue this week.

They were on vacation. The Housing Chief came back off vacation to talk the matter over with Paulson et al yesterday.

I think he came back to pick up a pair of socks he forgot.

Call do over, and let's straighten this thing out without leaving it lingering over the American people and the world another YEAR!]]> http://seekingalpha.com/article/90834-why-is-bill-miller-increasing-his-stake-in-freddie-mac?source=feed#comment-232548 232548
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.]]> Sun, 17 Aug 2008 15:56:09 -0400
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.]]> http://seekingalpha.com/article/76353-beware-the-u-s-dollar-s-head-fake-rally?source=feed#comment-226745 226745
The housing bust is bankrupting Freddie and Fannie, the FED promise to buy bonds and preferred will wipe out common stockholders, and send the dollar reeling. Right now housing deflation says, less dollars will be printed amongst consumers. True, but 3 TRILLION need to be printed to bail out mortgage and banking institutions which otherwise, would go belly up. Another reason for the temp dollar pop--foreign investment in those bonds got an assurance from the FED that those investments were literally good enough for the US govt.

It's all smoke and mirrors. Gold is worth $1050 an ounce, whatever the spot, on simple inflation since Nixon let it float 1971. It ended that year about $105. If you bought a 240Z Nissan then, you paid $3500, about $44000 for a house. Same car now is 35,ooo, same house is $440,000 (not $595,000 last year), so just add a zero to the POG.

Should be $1050. We're back to $850, with the same $200 to run to end of year.

That means the dollar has about 15% more to decline from current levels.

And THAT's the nasty secret the blogger is writing about.]]> Sat, 09 Aug 2008 11:34:23 -0400
The housing bust is bankrupting Freddie and Fannie, the FED promise to buy bonds and preferred will wipe out common stockholders, and send the dollar reeling. Right now housing deflation says, less dollars will be printed amongst consumers. True, but 3 TRILLION need to be printed to bail out mortgage and banking institutions which otherwise, would go belly up. Another reason for the temp dollar pop--foreign investment in those bonds got an assurance from the FED that those investments were literally good enough for the US govt.

It's all smoke and mirrors. Gold is worth $1050 an ounce, whatever the spot, on simple inflation since Nixon let it float 1971. It ended that year about $105. If you bought a 240Z Nissan then, you paid $3500, about $44000 for a house. Same car now is 35,ooo, same house is $440,000 (not $595,000 last year), so just add a zero to the POG.

Should be $1050. We're back to $850, with the same $200 to run to end of year.

That means the dollar has about 15% more to decline from current levels.

And THAT's the nasty secret the blogger is writing about.]]> http://seekingalpha.com/article/88537-gold-should-continue-to-outperform-dollar-should-fall?source=feed#comment-220874 220874
It's only a matter of time, until some pundit folks listen to yell "who's behind the curtain" and the wizard of Oz will reveal himself as Bernanke and his Congressional elves.

Whoever holds specie or miners at the time it bursts, will hold assets mining $2000 gold, $35 silver.]]> Sat, 02 Aug 2008 08:19:58 -0400
It's only a matter of time, until some pundit folks listen to yell "who's behind the curtain" and the wizard of Oz will reveal himself as Bernanke and his Congressional elves.

Whoever holds specie or miners at the time it bursts, will hold assets mining $2000 gold, $35 silver.]]>