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anyone buyin freddie mac and fannie mae 2 replies

fannie and freddie are insolvent

  • #41
  • Jul 16, 2008 8:56am Jul 16, 2008 8:56am
I'm sure most everyone has already seen this, but I thought it so nice that I just had to post it:

Inserted Video

Jim Rogers rants on
(Merlin, sounds like your cup of tea, no? )

Seems like it's him on the other side of Fxorce's buy buy buy!
The battle rages on!
Trust price. Know yourself.
  • #42
  • Jul 16, 2008 9:17am Jul 16, 2008 9:17am
Haha. Kinda. Rogers is a perma-bear. He's a short seller. He talked up oil more than most people and he's adding rhetoric now that he sees the potential selloff. He knows there's heavy resistance in oil here so he comes on CNBC and Bloomberg. I can't believe Bloomberg lets him talk anymore. It's the same schtick over and over. He has some good concepts regarding not printing more money and letting the banks take the loss rather than the tax payer but it's overdone and monotonous. The FED isn't going to start listening anytime soon. Yesterday Bernanke said he wants to keep wages low! If wages stay low it helps inflation in the US. I ask why the hell he gives so many unneeded loans to banks then. If a bank is 500million upside down he gives them another 500-1billion to shore them up. He just created 500million more inflation dollars. Granted the GSE's cannot fail because their debt wraps around the world but some of these schmucks need to fail. The savings and loan catastrophe had 1,000's of bank failures from the late 80's to mid 90's. We haven't seen anything like that yet.

Also to clarify I'm not saying just randomly buy the market. I agree with theLFB in saying wait until there are about 6-7 month's supply of homes on the market then start buying. Oil is on its back foot now let's see if congress will put the nail in the coffin. I've been forecasting a US recovery this year but it can't happen amidst $140/bbl oil.

Look Rogers was smart. He was early but smart. He knows how the world turns. If there is too much inflation in equities and real estate you start liquidating your positions in long equities and real estate and start buying commodities. He started in 1999 so I'm sure he lived on Ramen noodles for a few years but look at him now. He's making billions again and causing us excess food and energy inflation.
It really is that easy.
  • #43
  • Jul 16, 2008 10:20am Jul 16, 2008 10:20am
Quoting The Fxorce
Haha. Kinda. Rogers is a perma-bear. He's a short seller. He talked up oil more than most people and he's adding rhetoric now that he sees the potential selloff. He knows there's heavy resistance in oil here so he comes on CNBC and Bloomberg. I can't believe Bloomberg lets him talk anymore. It's the same schtick over and over. He has some good concepts regarding not printing more money and letting the banks take the loss rather than the tax payer but it's overdone and monotonous. The FED isn't going to start listening anytime soon. Yesterday Bernanke said he wants to keep wages low! If wages stay low it helps inflation in the US. I ask why the hell he gives so many unneeded loans to banks then. If a bank is 500million upside down he gives them another 500-1billion to shore them up. He just created 500million more inflation dollars. Granted the GSE's cannot fail because their debt wraps around the world but some of these schmucks need to fail. The savings and loan catastrophe had 1,000's of bank failures from the late 80's to mid 90's. We haven't seen anything like that yet.

Also to clarify I'm not saying just randomly buy the market. I agree with theLFB in saying wait until there are about 6-7 month's supply of homes on the market then start buying. Oil is on its back foot now let's see if congress will put the nail in the coffin. I've been forecasting a US recovery this year but it can't happen amidst $140/bbl oil.

Look Rogers was smart. He was early but smart. He knows how the world turns. If there is too much inflation in equities and real estate you start liquidating your positions in long equities and real estate and start buying commodities. He started in 1999 so I'm sure he lived on Ramen noodles for a few years but look at him now. He's making billions again and causing us excess food and energy inflation.
Quite a good discuss u guys are having!

Jim Rogers is a pure contraition and rightly so. Inflation is in essense a monetary phemonon, it is the upshoot from FED intervention in the financial markets creating artically low interest rates, interest rates below inflation and market rates lead to all the malinvesment and misdirected housing bubbles, the big traders made all the money(MORAL HAZARD) now joe soap public has to clean up the mess and take the inflationary hit from bad policy(excessive money growth). Dollar debasement is what has caused this crisis... Bush policy of soft fascism, transfer wealth to super rich from the poor and middle class

Inserted Video

Ron Paul well worth a watch

Inserted Video

Also a very good watch

Inserted Video

also a good watch
Trading is 80% Emotional, 20% Technical
  • #44
  • Jul 16, 2008 12:38pm Jul 16, 2008 12:38pm
Hey guess what? We added 10% to our national debt over the weekend from 9 to 10 Trillion...
Check Mate GAME OVER
  • #45
  • Jul 16, 2008 3:22pm Jul 16, 2008 3:22pm
Quoting bunton
Hey guess what? We added 10% to our national debt over the weekend from 9 to 10 Trillion...
No wonder USD and stocks are rallying, that's GOTTA be good for both!
Trust price. Know yourself.
  • #46
  • Jul 16, 2008 3:38pm Jul 16, 2008 3:38pm
That is USD bearish news but equity bullish. That means there is a lot more green paper circulating that people can stuff in equities or real estate driving up demand for both. Right now I'm guessing it will go into commodities to increase demand there because real estate loans are impossible to get right now.
It really is that easy.
  • #47
  • Jul 24, 2008 2:32am Jul 24, 2008 2:32am
you wont ever hear cnn say anything about anything that could in the slightest way be a negative to there liberal heroes. the fmac etc.. is one of them.

during the reagan administration nearly 30 years ago ( yes i was watching even then) it was stated clearly that this was a train wreck coming.

Why?

because anytime goverment has there hands in anything there are never any limits to its growth.

as far as obama? the liberal press in this country has waited since the vietnam war for a true sociolist to run for president. now they got him and they are drooling all over themselves.

i had 40 percent of my income confiscated for tax year 2007 and i expect it to go much higher if nobama gets in.

not trying to start a fuss here im just a proud non-sociolist american and lately it seems ive been losing.

it makes me sad for my country that was founded on personal liberties and freedom to pursue your dreams without gov't interference.

Things go in cycles i suppose. hope i live to see it cycle the other way.

jim

Quoting ycomp
I just don't understand Americans... seems to me that ALL YEAR on CNN, all you can see is discussion about people running for president... at any time of day... except Lou Dobb's hour.. .that guy is an idiot, I don't think I've ever heard him say "China" without prefixing it with "Communist"... but at least he changes the subject away from the presidential race.

I mean really they talk about the most miniscule things about Obama or whatever on days when they should be covering the implications of this Fannie Mae / Freddie Mac thing... they say "Issue #1" is the economy... but umm, I fail to see how if they hardly ever talk about it... I think they under some delusion that it really matters if you choose one side of the coin or the other for president, as regards fixing the economy...

I pine for the days of non-stop, wall-to-wall Natalie Holloway coverage... (which seemed ridiculous at the time, but man was so much better than this Obama 24hr coverage)
  • #48
  • Jul 27, 2008 4:46pm Jul 27, 2008 4:46pm
what is this? THE MAN James16 is blessing us with his presence?

good to see you around these parts Jim, i missed you so much that i wont even belittle you for posting about politics on a trading thread

hope things are well for you bud!
Relax and be happy.
  • #49
  • Jul 27, 2008 4:47pm Jul 27, 2008 4:47pm
Quoting The Fxorce
That is USD bearish news but equity bullish. That means there is a lot more green paper circulating that people can stuff in equities or real estate driving up demand for both. Right now I'm guessing it will go into commodities to increase demand there because real estate loans are impossible to get right now.
hey force, did you make any money on this fannie/freddie trade? you seemed to have it figured out early on!!
Relax and be happy.
  • #50
  • Jul 27, 2008 4:49pm Jul 27, 2008 4:49pm
Quoting SeekingLight
‘Taxpayers have not put up their money to fund the government to be a venture capitalist, particularly as they are going to be buying up the scum end of the market.’

- Lord James of Blackheath (1938-)

Awesomest most awesome quote ever in the current environment.


as i said in my first post here, this situation is very disappointing. now we have this deal with Indymac and First National Bank, more disapointment on the way!!
Relax and be happy.
  • #51
  • Jul 28, 2008 11:45am Jul 28, 2008 11:45am
LOL. yeah i wondered if you would see that. i just couldnt resist.

as far as me being THE MAN?

Just look at my avatar. Im obviously insecure.

My goal has always been to attain Wizard status like you O GREAT ONE.





Quoting merlin
what is this? THE MAN James16 is blessing us with his presence?

good to see you around these parts Jim, i missed you so much that i wont even belittle you for posting about politics on a trading thread

hope things are well for you bud!
  • #52
  • Jul 30, 2008 9:11am Jul 30, 2008 9:11am
Look what I found:


Quote
WASHINGTON (MarketWatch) -- President Bush signed the housing and mortgage relief bill into law early Wednesday, the White House said. The massive law will provide an emergency safety net for mortgage giants Fannie Mae, provide $300 billion in additional loan guarantees for the Federal Housing Administration, offer a temporary tax credit for first-time home buyers, and give money to local governments to buy foreclosed properties before they can blight the neighborhood. (This is an update to correct the day.)

(Source) http://www.marketwatch.com/news/stor...4085432B2C0%7D

I guess inflation will boom now...
  • #53
  • Jul 31, 2008 3:24pm Jul 31, 2008 3:24pm
Washington Mutual (WM) is in trouble and will ether get bot out or go belly up. FDIC thus far has used 17% on 3 banks thus far. Now what about the other 8500 banks? If I held any assets in WM I'd dump it as I don't trust the FDIC
Check Mate GAME OVER
  • #54
  • Jul 31, 2008 7:17pm Jul 31, 2008 7:17pm
FDIC created by FDR in 1933. I think they will be around 75 more years.

But there is always burying it in your backyard.
  • #55
  • Sep 26, 2008 9:11pm Sep 26, 2008 9:11pm
Quoting bunton
Washington Mutual (WM) is in trouble and will ether get bot out or go belly up. FDIC thus far has used 17% on 3 banks thus far. Now what about the other 8500 banks? If I held any assets in WM I'd dump it as I don't trust the FDIC
me thinks fdic just asked for 179B...
Check Mate GAME OVER
  • #56
  • Last Post: Sep 26, 2008 9:15pm Sep 26, 2008 9:15pm
Quoting bunton
Thus is why the US is in "CHECKMATE",, Guess who ultimately will pay for this?
so who pays?
Check Mate GAME OVER
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