Comments on: The Fan-Fred Thread http://www.trivisonno.com/the-fan-fred-thread It's the Sovereignty Stupid! Sun, 29 Jan 2012 18:08:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dressguard http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6085 dressguard Sun, 07 Sep 2008 17:08:25 +0000 http://www.trivisonno.com/?p=765#comment-6085 "As part of the takeover, Lockhart said the dividends on Fannie and Freddie's common and preferred stock will be eliminated, but that the common and preferred shares will remain outstanding." http://online.wsj.com/article/SB122079276849707821.html?mod=hpp_us_whats_news Interesting. The tone is positive, the outlook negative. What will the stock market do tomorrow? My guess, it will rally after the big sell-off last week. “As part of the takeover, Lockhart said the dividends on Fannie and Freddie’s common and preferred stock will be eliminated, but that the common and preferred shares will remain outstanding.”

http://online.wsj.com/article/SB122079276849707821.html?mod=hpp_us_whats_news

Interesting. The tone is positive, the outlook negative. What will the stock market do tomorrow? My guess, it will rally after the big sell-off last week.

]]> By: after http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6080 after Sun, 07 Sep 2008 13:09:53 +0000 http://www.trivisonno.com/?p=765#comment-6080 Well, I am certainly looking forward to Matt and others commenting on the potential impact of Fan/Fred, but I'm wondering - if the impact is positive, maybe it will be as temporary and as quick as they come - i.e. instead of impacting the banking sector / xlf for weeks or even days, maybe the impact is hours or even MINUTES ? good to go into the week with a plan though...I'm thinking of standing pat on Monday and adding to QID on Tuesday if we are up both Monday and start off up early Tuesday...i'd be tempted to reacquire a smidge of SKF back if I could get it under 100...just a smidge though...still holding 9 % allo to QID... anyone looking at gold/gold stocks here ? Well, I am certainly looking forward to Matt and others commenting on the potential impact of Fan/Fred, but I’m wondering – if the impact is positive, maybe it will be as temporary and as quick as they come – i.e. instead of impacting the banking sector / xlf for weeks or even days, maybe the impact is hours or even MINUTES ?

good to go into the week with a plan though…I’m thinking of standing pat on Monday and adding to QID on Tuesday if we are up both Monday and start off up early Tuesday…i’d be tempted to reacquire a smidge of SKF back if I could get it under 100…just a smidge though…still holding 9 % allo to QID…

anyone looking at gold/gold stocks here ?

]]> By: K http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6074 K Sun, 07 Sep 2008 05:49:39 +0000 http://www.trivisonno.com/?p=765#comment-6074 i'm on the same boat charlie. we either gotta average out or sell and buy lower. i’m on the same boat charlie.
we either gotta average out or sell and buy lower.

]]> By: dressguard http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6073 dressguard Sun, 07 Sep 2008 04:25:36 +0000 http://www.trivisonno.com/?p=765#comment-6073 Charlie, don't worry too much over the weekend. It can be a terrible day for you or the mother of all days. As long as we don't know the deal we can't tell. Just wait till Monday. If it's ugly sell your SKFs and buy them back later for less money. Easy as that. There are so many people waiting for the next shorting opportunity. That will help stabilizing the markets. Charlie,

don’t worry too much over the weekend. It can be a terrible day for you or the mother of all days. As long as we don’t know the deal we can’t tell. Just wait till Monday. If it’s ugly sell your SKFs and buy them back later for less money. Easy as that. There are so many people waiting for the next shorting opportunity. That will help stabilizing the markets.

]]> By: Charlie http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6071 Charlie Sun, 07 Sep 2008 04:06:49 +0000 http://www.trivisonno.com/?p=765#comment-6071 So Matt, Unfortunately, I'm still holding some SKF as well as some SDS calls. What's your outlook for monday? I guess I should be prepared for an ugly day for me? Any advice on risk mitigation at this point? So Matt,

Unfortunately, I’m still holding some SKF as well as some SDS calls. What’s your outlook for monday? I guess I should be prepared for an ugly day for me?

Any advice on risk mitigation at this point?

]]> By: admin http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6070 admin Sun, 07 Sep 2008 01:42:05 +0000 http://www.trivisonno.com/?p=765#comment-6070 It looks like my theory that there could be a half-assed plan may prove out. Here is <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aehgn34fooGc&refer=home" rel="nofollow">what Bloomberg said</a> came out of the Barney Frank interview: "The government would make periodic injections of funds by buying convertible preferred shares or warrants in the companies as needed, avoiding large up- front taxpayer costs, according to a person briefed on the plan." Hardly the fuel for a giant rally on Monday, and a very far cry from Jim Cramer's idiotic idea that all of this crappy mortgage paper would essentially be magically converted into treasuries. It looks like my theory that there could be a half-assed plan may prove out. Here is what Bloomberg said came out of the Barney Frank interview:

“The government would make periodic injections of funds by buying convertible preferred shares or warrants in the companies as needed, avoiding large up- front taxpayer costs, according to a person briefed on the plan.”

Hardly the fuel for a giant rally on Monday, and a very far cry from Jim Cramer’s idiotic idea that all of this crappy mortgage paper would essentially be magically converted into treasuries.

]]> By: K http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6068 K Sun, 07 Sep 2008 00:57:57 +0000 http://www.trivisonno.com/?p=765#comment-6068 Holders of the common and preferred stock are ``very unlikely to come out of this at all happy,'' and the chief executive officers will be forced out, Frank said. Investors in the senior and subordinated debt will be protected, according to three people briefed on the discussions. Will this affect SKF monday? =D too bad for those that stuck with the sinking ship Holders of the common and preferred stock are “very unlikely to come out of this at all happy,” and the chief executive officers will be forced out, Frank said. Investors in the senior and subordinated debt will be protected, according to three people briefed on the discussions.

Will this affect SKF monday? =D
too bad for those that stuck with the sinking ship

]]> By: Pooch http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6066 Pooch Sun, 07 Sep 2008 00:47:25 +0000 http://www.trivisonno.com/?p=765#comment-6066 Market went up AH on rumor of bailout.If preferred and common are lost as the reporting is now cannot believe there will not be carnage Monday Market went up AH on rumor of bailout.If preferred and common are lost as the reporting is now cannot believe there will not be carnage Monday

]]> By: Pooch http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6064 Pooch Sat, 06 Sep 2008 23:05:50 +0000 http://www.trivisonno.com/?p=765#comment-6064 http://biz.yahoo.com/ap/080906/mortgage_giants_what_went_wrong.html?.v=4 http://biz.yahoo.com/ap/080906/mortgage_giants_what_went_wrong.html?.v=4

]]> By: Pooch http://www.trivisonno.com/the-fan-fred-thread/comment-page-1#comment-6063 Pooch Sat, 06 Sep 2008 23:04:20 +0000 http://www.trivisonno.com/?p=765#comment-6063 Reuters Treasury plan won't help Fannie, Freddie shareholders: Frank Saturday September 6, 5:49 pm ET WASHINGTON (Reuters) - Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) shareholders, including preferred stockholders, will not fair well under a proposed U.S. Treasury takeover of the two housing finance companies, House Financial Services Committee Chairman Barney Frank told Reuters on Saturday. ADVERTISEMENT "I think all shareholders will be disadvantaged," Frank said in a Reuters interview when asked if holders of preferred stock of the government sponsored enterprises could also be wiped out along with common stockholders under the Treasury plan. Frank, a Massachusetts Democrat, said he spoke with Treasury Secretary Henry Paulson late Friday about a conservatorship plan. Frank said he still did not know the full details of the Treasury plan. "The government will act as new management" of the two companies under such a conservatorship plan, Frank said in a Reuters interview, adding that the companies will still carry out their housing missions. Reuters
Treasury plan won’t help Fannie, Freddie shareholders: Frank
Saturday September 6, 5:49 pm ET

WASHINGTON (Reuters) – Fannie Mae (NYSE:FNM – News) and Freddie Mac (NYSE:FRE – News) shareholders, including preferred stockholders, will not fair well under a proposed U.S. Treasury takeover of the two housing finance companies, House Financial Services Committee Chairman Barney Frank told Reuters on Saturday.
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“I think all shareholders will be disadvantaged,” Frank said in a Reuters interview when asked if holders of preferred stock of the government sponsored enterprises could also be wiped out along with common stockholders under the Treasury plan.

Frank, a Massachusetts Democrat, said he spoke with Treasury Secretary Henry Paulson late Friday about a conservatorship plan. Frank said he still did not know the full details of the Treasury plan.

“The government will act as new management” of the two companies under such a conservatorship plan, Frank said in a Reuters interview, adding that the companies will still carry out their housing missions.

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