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Agency Preferred Stock – Who’s Buying?
It is now nine months since the Agencies were put into receivership. It is pretty clear that there is $200-400 billion of embedded losses. By any reasoning and analysis the common stock of both FRE and...
View ArticleMtg.Bankers Assn. Proposal: D.O.A.
Talk about foxes guarding the hen house. The Mortgage Bankers Association came out with its recommendations for the future role of the US AAA in the mortgage market. Not surprisingly, they want to...
View ArticleMurderous Thoughts
The “kids” at the dinner table, the same one they’d sat at for years, what’s left of a meal still scattered about. Lucy, the oldest, at the head of the table, where she always sits. Danny, two...
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