Costanza Likes Fannie
July 10, 2008 – 4:08 pm
I’ve been in somewhat of a contrary mood today.
Bought [[FNM]] @ $13.01. Lots of it.
If I’m wrong, it won’t be the first time.
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You man with el Grande Cohones.
July 10th, 2008 at 4:14 pmHey Alpha,
Excuse the retarded question but why FNM instead of/not with FRE? Even though they both seem to have a date with reaper FRE seems to have taken the bigger beat-down as of late instead his girlfriend. Quite chivalrous I say.
July 10th, 2008 at 4:16 pmFunny. I was thinking about throwing some lotto money at FRE and FNM. But then I was distracted by that fucking rally monkey and forgot.
July 10th, 2008 at 4:19 pm“They’re too big to fail”. Seriously. Ben and Hank on onboard this train.
July 10th, 2008 at 4:22 pmFNM has the better balance sheet.
FRE will have a harder time raising capital.
July 10th, 2008 at 4:22 pmJust listening to a fellow saying that Poole was talking up his own book…….and helped caused the oppurtunity in FNM and FRE this AM.
July 2 (Reuters) - The following financial services
July 10th, 2008 at 4:24 pmindustry appointments were announced on Wednesday. To inform us
of other job changes, please e-mail moves@thomsonreuters.com. MERK INVESTMENTS LLC Merk, which manages the Merk Hard Currency Fund, has hired
William Poole, a former top U.S. central bank official, as its
senior economic adviser. Poole, a former economics professor at
Brown University, was president of the Federal Reserve Bank of
St. Louis until March 2008.
I applied to Brown, but my grades and SAT scores apparently weren’t good enough for such a high-brow institution.
July 10th, 2008 at 4:29 pmCrude oil up over 5 handles, FNM gets hit again, and the Dow is up 81 and Naz 23?
Odd, no?
July 10th, 2008 at 4:33 pmAll AA.
July 10th, 2008 at 5:25 pmOn the other hand Costanza’s fiancée Susan died licking envelopes that had their wedding invitations.
July 10th, 2008 at 6:01 pmAlpha- I don’t think you missed much at Brown. My daughter got in but decided not to go because generally speaking the student population is a bunch of left wing Marxists driving new BMWs that Daddy bought for them with his dirty capitalist money. She graduated from Univ. of Virginia (and the tuition was cheaper).
I just looked at the FNM 60 day chart.
Ironically, it’s current configuration approximates the Chinese letters forming the phrase,
“You fucking crazy, white man.”
That is all.
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July 10th, 2008 at 6:21 pmAdawg, no worries.
I wouldn’t send my real dog to Brown.
No shit. It’s a “Potemkin Ivy,” if you know what I’m sayin’.
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Update: No shit, TC… UVA kicks Brown’s ass.
Second Update: UVA also has a relatively unheralded, but tough and very competent bidness school (both undergrad and MBA). It’s the Wharton of the South.
(Disclosure - I’m a grad of neither, but have spent a lot of time at Brown.)
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July 10th, 2008 at 6:23 pmWahoowa, TraderCaddy.
July 10th, 2008 at 6:23 pmThat’s “Mr. Flucking Clazy Whiteman” to you, Jake.
July 10th, 2008 at 6:30 pmHoo-ra-ray hoo-ra-ray ray ray ray UVA !! Not bad for a Gator.
July 10th, 2008 at 6:39 pmAlthough, I have to admit that the SAT scores for the offensive linemen at UVA are probably higher than the linemen at UF.
I should have went to UVA. Instead, I went to ZooMass. That’s probably how my life got off-track.
July 10th, 2008 at 6:43 pmI should have went (sic) to UVA. Instead, I went to ZooMass. That’s probably how my life got off-track.
I can see why you had some trouble.
Not incredibly ironically, I graduated from the little school down the other side of town, the one you assholes used to snowball attack every winter.
(anticpating snarky comment… interceding)
No, not Smith, fuckwad.
_
July 10th, 2008 at 7:55 pmPlus, a UVA education gets you the company of Woodshedder, only 1 hour away.
I’m thinking the FNM play may do well as an option play? Anyone?
July 10th, 2008 at 9:42 pmJake — you went to Welleley then? haha. At least the guy/girl ratio would have been way better. The women are hottest at Denver University :-D.
Woodshedder & Alpha- FNM as an option / bullish play? Ken Heebner is the only successful contrarian I know…
usted tiene cajones grandes, senor…
Even if Fannie is backed by the Fed, I don’t think they would put up enough capital to offer a premium above the current stock price… and if the Fed is backing it, that means it would be funded by the taxpayers which would make paying a premium for the stock incredibly unlikely, no? Freddie & Fannie may not go under, but who’s to say they have to capitalize the equity on top of just servicing the debt of the GSEs?
July 10th, 2008 at 11:55 pm“They’re too big to fail”. Seriously. Ben and Hank on onboard this train.
You guys are alot smarter than me but a month or 2 ago the Fed had 400 of their (a.. our) 800 billion commited.
Whatdaya think they got left now?
Could be Fred & Fan are too big to bail out at this juncture.
July 11th, 2008 at 12:14 amFinancial black hole ahead, where shit collapses upon itself?
Amherst? No shit?
July 11th, 2008 at 1:26 amLate night thought: late-night drunken Costanza order! Will execute while I sleep off my hangover on West Coast time. FNM to $15!
July 11th, 2008 at 1:30 amDawg –
He was a soldier of the king, after all.
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July 11th, 2008 at 1:33 amOn sale for 1/2 price now
July 11th, 2008 at 8:47 amIm on short on this… shorted at 13.56…. i was scared after i seen Alpha bot his stock…….. we never know
July 11th, 2008 at 8:52 amFNM: Will the dawgg even get out of bed today?
He may be singing soprano.
July 11th, 2008 at 8:57 am1) Lay balls on chopping block
2) Taunt nearby Comanche Warrior, tell him his tomahawk blade is “dull” and his chest “weak.”
3) Wait for ensuing action.
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July 11th, 2008 at 9:07 amJake you will reap what you sow……
July 11th, 2008 at 9:20 amenough said
July 11th, 2008 at 9:29 amAnjing– what the flue does that mean?
I sewed some NLY shorts over the last couple of days. LEH too.
Do you believe me some sort of “sinner” for shorting?
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July 11th, 2008 at 9:31 amWOW! Lick your chops, walk away, and forget it happened.
July 11th, 2008 at 9:43 amnothing wrong with shorting….
July 11th, 2008 at 11:06 ammy mom went to brown for medical school, which of course was only after she finished berkeley in three years.
And here I’m stuck with the beer genes.
July 11th, 2008 at 2:56 pmBerkley and Brown? No offense to your parents but you were lucky they didn’t give you a hippie name like Moondog or Sunshine.
July 11th, 2008 at 2:59 pmGroovy and far out.
Brown is a good school. One of my buddies older brother played linebacker at Brown when Steve Jordan, the former TE for the Vikings, played there. He said the guy was super smart…..engineering major, no less. Not your garden variety football player.
July 11th, 2008 at 3:08 pmMost of the athletes at the Ivies are pretty smart, however, they are not allowed to have athletic scholarships which sucks. My son was actually recruited to play golf at Princeton (coach said he would’ve gotten in), but he wanted to play golf and not compete with the pre-laws and pre-meds plus he hated to study.
July 11th, 2008 at 3:16 pmWe didn’t think it was right to penalize him because he is smart and is happy as a lark playing golf at an SEC school.
Glad things worked out for your son. Future PGA’er?
July 11th, 2008 at 3:20 pmI hope he is the next Tiger, as it’s not a good idea to turn down the P’dog Tigers.
One of the few Ivies worth going undergrad (grad school is different with all of them, Danny). That one, Penn and Dartmouth.
The rest of them treat your kids like shit while catering to the grad school matriculants.
One must become an educated consumer at $55k a year.
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July 11th, 2008 at 4:02 pm