PyurAureo Posted September 5, 2008 Report Share Posted September 5, 2008 Anybody see Cramer on TV last night? He was hauling around a bear head while he spoke.....By the way, anybody seen Drano lately? 686007[/snapback] I think he said that was Drano's Head ... RIP Link to comment Share on other sites More sharing options...
4shzl Posted September 5, 2008 Report Share Posted September 5, 2008 Five minutes left to sell the bond future before Hanky Panky commits the full faith and credit of the U.S. Treasury to F & F paper. Link to comment Share on other sites More sharing options...
DrStool Posted September 5, 2008 Author Report Share Posted September 5, 2008 They shifted Ike futher west again. Somebody doesn't like New Orleans. http://www.nhc.noaa.gov/refresh/graphics_a...l?5day#contents Link to comment Share on other sites More sharing options...
PyurAureo Posted September 5, 2008 Report Share Posted September 5, 2008 Q's up almost 50 cents after hours.... 686030[/snapback] Currently, +.55 at 44 !!! Link to comment Share on other sites More sharing options...
potatohead Posted September 5, 2008 Report Share Posted September 5, 2008 Tater, Are you saying it is time well spent listening to his latest audio? 686020[/snapback] yes, you can also hear the stress he is going through in his voice. I have a lot of respect for the guy. Link to comment Share on other sites More sharing options...
PyurAureo Posted September 5, 2008 Report Share Posted September 5, 2008 Currently, +.55 at 44 !!! 686036[/snapback] 44.08 Link to comment Share on other sites More sharing options...
potatohead Posted September 5, 2008 Report Share Posted September 5, 2008 *WSJ: Treasury Close To Finalizing Plan To Backstop Fannie Mae, Freddie Mac WASHINGTON (Dow Jones)--The U.S. Treasury Department is close to finalizing a plan to help shore up mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), according to people familiar with the matter. Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants. The plan includes changes to senior management at both companies, according to a person familiar with the plans. An announcement could come as early as this weekend. (This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.) On Friday, a series of high-level meetings were planned between Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, the chief executives of Fannie Mae and Freddie Mac and the companies' new regulator, the Federal Housing Finance Agency. The Treasury Department has been working with bankers at Morgan Stanley to use its newfound authority, granted by Congress in July, to devise a way to prop up the mortgage giants, which have been pummeled by investors in recent weeks. The two giants are vital cogs in the U.S. housing market and their financial woes have threatened to increase the damage from the bursting of the housing bubble. "We are making progress on our work," said Treasury spokeswoman Jennifer Zuccarelli. She declined to comment further on Treasury's plans. Link to comment Share on other sites More sharing options...
fxfox Posted September 5, 2008 Report Share Posted September 5, 2008 Gold finished the week at 803. Thats good for Gold bulls. Monster short covering in the Yen crosses in the last hour, EUR/JPY up over 100 pips since since Wall Street closed. Link to comment Share on other sites More sharing options...
mdporter Posted September 5, 2008 Report Share Posted September 5, 2008 They shifted Ike futher west again. Somebody doesn't like New Orleans. http://www.nhc.noaa.gov/refresh/graphics_a...l?5day#contents 686035[/snapback] But everybody likes Ike Link to comment Share on other sites More sharing options...
hokahay Posted September 5, 2008 Report Share Posted September 5, 2008 They shifted Ike futher west again. Somebody doesn't like New Orleans. http://www.nhc.noaa.gov/refresh/graphics_a...l?5day#contents 686035[/snapback] Warm water all the way right now. But the track has shifted reliably on every report. If it starts to firm you are right about New Orleans. It ain't over till it's over. Yogi Berra I like this one to! The future ain't what it used to be. Yogi Berra Link to comment Share on other sites More sharing options...
mdporter Posted September 5, 2008 Report Share Posted September 5, 2008 *WSJ: Treasury Close To Finalizing Plan To Backstop Fannie Mae, Freddie Mac WASHINGTON (Dow Jones)--The U.S. Treasury Department is close to finalizing a plan to help shore up mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), according to people familiar with the matter. Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants. The plan includes changes to senior management at both companies, according to a person familiar with the plans. An announcement could come as early as this weekend. (This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.) On Friday, a series of high-level meetings were planned between Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, the chief executives of Fannie Mae and Freddie Mac and the companies' new regulator, the Federal Housing Finance Agency. The Treasury Department has been working with bankers at Morgan Stanley to use its newfound authority, granted by Congress in July, to devise a way to prop up the mortgage giants, which have been pummeled by investors in recent weeks. The two giants are vital cogs in the U.S. housing market and their financial woes have threatened to increase the damage from the bursting of the housing bubble. "We are making progress on our work," said Treasury spokeswoman Jennifer Zuccarelli. She declined to comment further on Treasury's plans. 686039[/snapback] More secret plans to shove a fist up the rears of american taxpayers while fannie and freddie senior execs make millions in salaries and bonuses. Link to comment Share on other sites More sharing options...
fxfox Posted September 5, 2008 Report Share Posted September 5, 2008 Doc, the huge selling of GSE's by FCB's may only be a temporary effect, due to Japanese repatriation, which happend this week and which should be more ro less over. They do this at the end of their full (march30) and half (sep 30) fiscal year. Sometimes more, sometimes less, but we had HUGE moves ijn Yen crosses in the past due to this repatriation. Link to comment Share on other sites More sharing options...
PyurAureo Posted September 5, 2008 Report Share Posted September 5, 2008 Q's up almost 50 cents after hours.... Currently, +.55 at 44 !!! 44.08 686038[/snapback] 43.94 ... and dropping Link to comment Share on other sites More sharing options...
fxfox Posted September 5, 2008 Report Share Posted September 5, 2008 Don Coxe did a great job analyzing the orchestrated move in commodities, the dollar, and financials. 686018[/snapback] do you have a link? TIA Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 I forgot who said it earlier this week, Brick? 4shzl? Hank?, but someone mentioned that it was about time for Hank to do an over-the-weekend prison arse r_pe to the bears because of the recent market weakness..... You were right? (whomever it was) Link to comment Share on other sites More sharing options...
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