Not a recco
Not one fund has went belly up due to this trade.
Not one Closing a fund for a myriad of reasons is not belly up....
Yes. Funds have closed that owned common and/or preferred.
But. Stating that they closed because they owned fnf stock is like saying that if the NFC wins the Super Bowl, the stock mkt will surely rise.
I have gains in the realm of over 7x thus far on the totality of my shares.
Too bad you lost....
Not a recco
https://www.seattletimes.com/business/claren-road-hedge-fund-firm-hit-hard-on-fannie-freddie-news/
You are not being honest. Post a link.
Not a recco
To bad you didn't have the cajones to hold this thru the ups and downs.
I feel no sorrow for your poor choices.
Zandi agrees. Under various stress test scenarios, he said, 3% to 4% of the enterprises’ assets would enable them to “easily digest what happened in the housing crisis.”
But for many housing-watchers, like Petrou, that’s, in her words, “way too low.”
Fannie and Freddie together have $5.4 trillion of assets, also known as their “book of business.” As Petrou points out, “the least the largest banks may hold is 5%.” Given their immense size, Petrou thinks regulators would do well to consider Fannie and Freddie in the same light as what are often called the “globally systemic important banks.”
JOHN CARNEY'S GSE BLARNEY
https://www.youtube.com/watch?v=3cmOFQYy2Jo
John Carney is a financial reporter
Writes a column for the W S J…
John writes about Fan & Fred in the W S J
Never says nothin’ nice ‘bout Fan & Fred
Nothin’ nice to say in the W S J…
Fan and Fred didn’t need a government bailout.
Forced to take worst-case book-loss scenario
One no financial institution could meet,
No financial institution could possibly meet…
A forced worst-case book-loss scenario
Strange $50 Billion in Deferred Tax Assets
Warn’t considered when Treasury forced the bailouts.
Fan and Fred weren’t given prior notice
To replenish their position from open market,
They coulda replenished their position with no bailout...
Net Worth Sweep is an Illegal Taking
Of private property against the 5th Amendment.
GSEs didn’t cause the housing crisis,
Too Big To Fail banks were the major causes,
Big banks makin’ no doc loans.
Our GSE model is a proven one
and they’re cost efficient too,
Ensure liquidity and low mortgage rates
To millions of US homes for many years,
Made millions of Americans homeowners too.
All Carney does is shout “tsk tsk”
Over "lobbying" & "someone making a profit"
John oughta consider investors invested in the GSEs
Before and during the housing crisis
Before during and after the housing crisis
yeah