inthemoney

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  • Paulson Rolls The Dice At Taxpayer Expense
    > prescient11
    Hey genius, close out some of your shorts and get r done fast. hahahahahaha. It really is too funny.
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    people who don't take any short positions as a matter of principle shouldn't be in the market at all. they should stick with mutual funds, and we all know how these perform.
    Sep 07 21:59 pm |Rating: 0 0 |Link to Comment |View article
  • A First Look Inside the Fannie / Freddie Bailout Plan
    Ok, let me get it straight, our mortgage system is insolvent, government takes over FNM and FRE and it is a good news! Bear market is over, stocks are set to rally just like that. Why don't we nationalize everything and make tax payers to finance the US economy, then our equities will be 100% safe, what an investment.
    Does anyone see something wrong with this kind of logic?
    I majored in math, may be my problem is that I actually learned logic and investment bankers didn't.
    Anyhow, I already envision the horrible short squeeze coming tomorrow on my short COF position thanks to the government meddling.
    Sep 07 21:19 pm |Rating: 0 0 |Link to Comment |View article
  • What Will Fannie / Freddie Mean for Monday?
    > HuggieBear
    Sep 07 02:35 PMUnless, inthemoney, you are like me and have avoided purchasing a house at these over inflated prices for the last several years ( i live in nyc area). Not that i would purchase now, mind you, but i do think we are getting within 20%-30% of a reasonable mean price. However, it would be hard to overstate my disappointment that my tax payments are going to be used to prop up housing prices at inappropriate levels, and that even worse the value of my dollar is being damaged so severely.
    ----------------------...
    Never make assumptions, this is one of the useful lessons I learned in my life. I live in Houston, Texas, the economy here is boioming thanks to oil. I didn't buy a house at overinflated prices Texas never had a boom due to sky high property tax. Even so, people are scared to buy houses. It is very difficult to sell a house here for 3 months now. Mostly because potential buyers cannot sell their old houses. It is circle that needs to be broken. I can't imagine what it is like in other areas.
    I am actually not looking to sell the house. I am looking forward to its going down in market value to get a break on the preperty tax. But either way, the situation is bad. It means also local government will be cash strapped.
    And do you know, the transportation fund is running out of money. Here in Houston we have no public transportation, we need the highway money to keep functioning.
    Where all this money is going to come from, may I ask? I think I know, I just don't want to admit it -((
    Sep 07 15:00 pm |Rating: 0 0 |Link to Comment |View article
  • What Will Fannie / Freddie Mean for Monday?
    > User 118015
    Sep 07 12:45 PMThis is great news if " YOU HAVE A SECURE JOB AND WANT TO BUY A HOUSE AND HAVE GOOD CREDIT".
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    One little detail, even then you have to sell your old house first, which is close to impossible.
    If you a first time buyer, i.e. you didn't buy the house last year when it was so easy, most likely you are not qualified to buy a house at all.
    Sep 07 14:23 pm |Rating: 0 0 |Link to Comment |View article
  • The Upside of Falling Bank Stocks
    > Clearly, we're in a world where the biggest risks to the economy remain financial. And it just so happens that there's an easy and reasonably effective way of hedging those risks: shorting financial stocks. Investors around the world who want to protect themselves against market-crisis risk are likely doing just that right now, helping to drive the price of those stocks downwards
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    The only problem is that 401K and IRA don't allow shorting and many so-called "investors" investing for retirement don't know how to short. They have been always told to "buy and hold".
    Of course, hedge funds, institutions and traders short financials left and right at the expense of "long only" categories, who don't know any better.
    401K is such a fraud, it will leave millions unable to retire. And that is really a scary prospect and it is not good for anybody in the long run. In comparision, day trading FRE and FNM to make some easy money is little consolation.
    Jul 15 23:10 pm |Rating: 0 0 |Link to Comment |View article

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