Mies van der Rump Posted September 5, 2008 Report Share Posted September 5, 2008 Of course Bill Gross was on camera, literally, three minutes after the announcement. Gee, no leak there. <blechhh> Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 I think the preferred will be fine on Fred and Fan, and I think the regular equity might be fine too. What they should do is merge these two P'sOS and allow the preferred to be cashed out or exhanged, issue new equity that will be exchanged for the old shares and do an exchange on all the old debt. EZ cheesy japaneze. Link to comment Share on other sites More sharing options...
4shzl 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) 686047[/snapback] Not often can news noise be timed this precisely, but it was clear the F & F problem couldn't be deferred any longer. The devil is in the details of course, but any explicit Treasury guarantee for F & F paper should light a fire under Trashury yields. Looking for a gap down in prices Sunday night. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted September 5, 2008 Report Share Posted September 5, 2008 SKF continues to get poleaxed in After Hours. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 I would love it if NJ gets pounded by this hurricane.....always good for free firewood. Disclaimer: I have a wood burning stove that I use A LOT Link to comment Share on other sites More sharing options...
shorty Posted September 5, 2008 Report Share Posted September 5, 2008 Some significant buying of SPY's happening now 686029[/snapback] the fix is in Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 Must be Friday afternoon. How can you tell? TRADER JOE is flaming the M2M.... Oh, BTW, Melissa Lee is a friggin IDIOT! Link to comment Share on other sites More sharing options...
Trader Joe Posted September 5, 2008 Report Share Posted September 5, 2008 Still nothing over at fdic.gov Link to comment Share on other sites More sharing options...
dogsie Posted September 5, 2008 Report Share Posted September 5, 2008 AH: now FNM down 1.2 to $5.90 Link to comment Share on other sites More sharing options...
4shzl Posted September 5, 2008 Report Share Posted September 5, 2008 Treasuries fell amid speculation the U.S. is close to reaching a plan to help troubled mortgage finance companies Fannie Mae and Freddie Mac, easing the haven appeal of government debt. Yields climbed after the Wall Street Journal reported that the Treasury Department could announce a plan as early as tomorrow.. . . . ``Prices just evaporated'' after the newspaper report broke, said Tom di Galoma, head of U.S. Treasury trading at Jefferies & Co., a brokerage for institutional investors in New York. ``There's probably some good story on the senior debt, that there's going to be a backstop set.'' Zoomberg It's ALL good. Link to comment Share on other sites More sharing options...
4shzl Posted September 5, 2008 Report Share Posted September 5, 2008 AH: now FNM down 1.2 to $5.90 686057[/snapback] Someone has to take a haircut (the common bagholders) -- they've already been crushed, so no problem there. And someone has to walk the plank (senior management) -- with golden kissoffs. That's the way these things work -- Beltway kabuki. Link to comment Share on other sites More sharing options...
mdporter Posted September 5, 2008 Report Share Posted September 5, 2008 SKF continues to get poleaxed in After Hours. 686051[/snapback] I went long SKF for a swing trade since it seemed like the financials were about to come unglued again. Instead I have give the Boyz more of my money like an idiot. Paulson knows everyones positions, worldwide. Link to comment Share on other sites More sharing options...
mdporter Posted September 5, 2008 Report Share Posted September 5, 2008 ULTRASHORT FINANCIAL (AMEX: SKF) After Hours: 107.19 -5.51 (-4.89%) 5:24 SHIT! Link to comment Share on other sites More sharing options...
mdporter Posted September 5, 2008 Report Share Posted September 5, 2008 FREDDIE MAC (NYSE: FRE) After Hours: 4.67 -0.43 (-8.43%) 5:28pm ET FANNIE MAE (NYSE: FNM) After Hours: 5.93 -1.11 (-15.77%) 5:29pm ET Link to comment Share on other sites More sharing options...
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