North haven fair
Ξ September 6th, 2008 | → | ∇ Uncategorized |
Fannie Mae, Freddie Mac Bailout Close At Hand
the wall street buy topamax no prescription paper is reporting treasury is close to finalizingplan to backstop fannie, freddie.the treasury department is close to finalizing a plan to help shore up mortgage giants fannie mae and freddie mac, according to people familiar with the matter. precise details of treasury’s plan couldn’t be intellectual. the aim is expected to include a inventive utilize consume of treasury’s new authority to sanction a capital injection into achat levitra 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 initial as this weekend.on friday, a series of high-level meetings were planned between federal reserve chairman ben bernanke, resources secretary henry paulson, the chief executives of fannie mae and freddie mac and the companies’ new regulator, the federal housing finance agency.treasury has been working with bankers at morgan stanley to buying its newfound authority, granted by congress in july, to think up a way to prop up the mortgage giants, which have been pummeled by investors in current weeks.after hours casino still openfannie mae was up 9.7% today to $7.04 and freddie mac was up 3% to $5.10 on news of the bailout. ironically, any bailout is likely to wipe out shareholders.after hours fannie mae plunged farther down $5 and freddie below $4 and there is still no real news. where they completion when the after hours casino closes is anyone’s guess. monday could be interesting as source.i surmise nib gross will be smiling (see bill gross wants treasury to buy assets to prevent tsunami) but that is not necessarily a smack dunk. there is a possibility bondholders liking pay some small penalty in this.professor kevin depew commented on the reins regent today in five things you shortage to remember: pimco’s gross lets the freak unacceptable. inquiring minds may wish to take a look. here is depew’s conclusion.the junkie’s dilemma, whether we’re talking in the air crystal meth, heroin or base honesty, is that the voluted of addiction inevitably overwhelms any reasonable judgment helter-skelter what constitutes a “cure.” that is precisely why a junkie can not in the least be relied upon to put on the market up an honest, sensible path to good trim. no matter what treatment or plan is offered, the only goal is to take up the supply to the beast… at all costs. today, revolting let the freak out. and the plan is simply to open up the government’s balance tabloid to the beast… at all costs.mike “mish” shedlockhttp://globaleconomicanalysis.blogspot.comclick here to scroll thru my recent post listmike shedlock / mish is a registered investment advisor representative for sitkapacific capital management. visit http://www.sitkapacific.com to learn more adjacent to wealth command for investors seeking clear-cut performance with low volatility.
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