Posted on 08/20/2009 7:38:30 PM PDT by Lorianne
video 6:25
(Excerpt) Read more at online.wsj.com ...
We have to kill Fannie Med first...
There are some longer conversations and deeper analysis of publicly available numbers over at Bronte Capital blog, http://brontecapital.blogspot.com/
Bronte’s blogger/owner Hempton believes Ginnie is and will be solvent going through this economic cycle.
Zerohedge was highlighting the Ginnie options spreads but the “Tyler Durden” got smacked down hard for overestimating the assyemtrical information available to the traders back in late June, first week of July.
Still, I have no personal opinion on Ginnie’s future, I see Ginnie as behind several layers of firewalls that would have to fail first, that including Freddie and Fannie, and the solvency of AIG and Ginnie’s other counterparties.
Related UNLOAD THEM ON WHO US THE TAXPAYERS?
One will be deciding when and how to unload $1.25 trillion in Fannie Mae and Freddie Mac mortgage-backed securities without sending mortgage rates surging. Another delicate matter is when the Fed should start selling some of its $300 billion in Treasury debt.
http://www.cnbc.com/id/32496923
un controlled inflation is going to happen
“un controlled inflation is going to happen”
More like un-controllable inflation. For now, prices still seem to be deflating. I was at the store today and whole top round (16-20 pounds total) is still selling for $1.69 a pound and boneless Boston Butts are $1.19 a pound for a pack of two. I’d buy some more but the freezer is full of cheap meat and I already put up a bunch of jerky...
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