Comments on: Fannie/Freddie – Massive Fraud Breakdown

By: Mr. Mortgage’s Guide to the TRUTH! » Agency MBS Hammered - PIMCO Begging For ANOTHER Bailout!

Thu, 18 Sep 2008 21:09:16 +0000

[...] Fannie/Freddie – Massive Fraud Breakdown (32) Posted on September 7, 2008 10:59 AM [...]

By: Mr. Mortgage’s Guide to the TRUTH! » CBO to Hank Paulson: You Want ‘Em, You Take ‘Em!

Fri, 12 Sep 2008 04:02:46 +0000

[...] Swept Under the Carpet NewsFinal Phonie/Fraudie Thoughts Before Market Decides FateFannie/Freddie – Massive Fraud BreakdownFannie/Freddie – The Game Has Changed. ENRON on SteriodsFannie/Freddie MBS: Have You Ever Seen One? [...]

By: HousingRealist

HousingRealist — Tue, 09 Sep 2008 01:45:33 +0000

One item to remember regarding the S&L bailout, I keep hearing the 150 bil to 200bil amount the taxpayers picked up. For comparison purposes, double that figure to 300-400bil just based upon inflation adjustment. Even if losses get to 600-700bil we will survive. With those of you who do not want the backstop, I have a question or two for you, 1.) Do you have a job in the private sector?
2.) Do you own any financial assets (home, stocks, etc) 3.) Does your family fall into Q1 or Q2. Once again I hate the moral hazard issue as much as anyone, but I’m not looking at “cutting my nose off to spite my face”!

By: peterb

peterb — Mon, 08 Sep 2008 16:54:36 +0000

I think if the spread narrows by Treasuries going up, the govt will have stop the process to save itself. This may well be a stalling tactic to allow the foriegn owners of this debt to get out and into Treasuries in the coming months. The govt will not save F/F if it’s debt costs rise because of it. That’s too imortant, and why they really did the bail out in the first place. OTOH, it’s probably a good week to stock up in SKF’s as they are down due to the problem being “over”. HAHAHAHA

By: Paul

Paul — Mon, 08 Sep 2008 15:59:16 +0000

http://www.moneyandmarkets.com/issues.aspx?Why-The-Fannie-Freddie-Bailout-Will-Fail-2199

By: Mr. Mortgage’s Guide to the TRUTH! » Final Phonie/Fraudie Thoughts Before Market Decides Fate

Mon, 08 Sep 2008 14:33:31 +0000

[...] Comments admin on Fannie/Freddie – Massive Fraud Breakdownadmin on Fannie/Freddie – Massive Fraud Breakdownadmin on Fannie/Freddie – Massive Fraud [...]

By: admin

admin — Mon, 08 Sep 2008 12:54:27 +0000

In a nutshell, watch those MBS speads. If there are sellers in size then this thing falls apart fast.

By: admin

admin — Mon, 08 Sep 2008 12:51:14 +0000

TM – ‘the profits made me do it’ is not a great defense.

By: admin

admin — Mon, 08 Sep 2008 12:50:23 +0000

Jaybee – I totally agree that is where in a perfect world going forward it should go. However, it just may not happen that way especially if over the next few weeks this plan does not work. The biggest tthreat is that large GSE senior mortgage debt holders use this potentially one and only pop to unload their holders. Remember, Treasury is only buying new GSE senior debt. There is still the little problem with the $5 trillion out there that could be dumped on the market beginning this morning that would significantly depress prices.

This was a last ditch effort. If it does not work, we come out of this 10x worse.

By: jaybee

jaybee — Mon, 08 Sep 2008 12:43:36 +0000

Here ya go Housing Reaslist:

A big winner from the boost to Fannie and Freddie debt will be real estate investment trusts that invest in their mortgage-backed securities, says Doug Kass, the head of Seabreeze Partners. The mortgage REITs will step in as MBS buyers, using substantial leverage, while Fannie and Freddie reduce their issuance of MBS over time, he says. “These could become market darlings,” Kass says