July 11, 2008
According to a Reuters report floating around, China is the largest foreign holder of Freddie Mac and Fannie Mae bonds. That'll teach China to mess with the U.S. You may sell us toxic toys, but we'll sell you toxic paper....
Henry Paulson is out with an over-parsable statement on Freddie/Fannie worries this morning: Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission. We appreciate Congress' important efforts...
My trader friend Jeff is still hanging in at the current World Series of Poker no-limit hold'em event in Las Vegas. Matter of fact, he is almost in the money -- only a few more people need to to get...
According to the NY Times late tonight, discussions among senior U.S. government officials have heated up with respect to the U.S. taking over mortgage giants Freddie Mac and Fannie Mae. The structure being contemplated is a conservatorship, which is permitted...
I have of late,—but wherefore I know not,—lost all my mirth, forgone all custom of exercises; and indeed, it goes so heavily with my disposition that this goodly frame, the earth, seems to me a sterile promontory -- Hamlet,...
