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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (133334)	11/7/2001 3:40:54 PM
From: reaper	Respond to of 436258

yes Outwit...Outplay...Outlast Cheers

To: Haim R. Branisteanu who wrote (133334)	11/7/2001 3:51:03 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

still short, -- short some other stuff in the area, too -- just a matter of time, Haim.

To: Haim R. Branisteanu who wrote (133334)	11/7/2001 6:58:45 PM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

not short FNM but looking forward to building a nice, new, BIG home with only 5% down...LOL!

To: Haim R. Branisteanu who wrote (133334)	11/7/2001 8:18:03 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 436258

<<<any one still short FNM ?? >> I'm leap putting that insanely bloated pig here and building a short. My target for that overhyped over-owned pyramid scheme pile of garbage is SINGLE DIGITS! People may laugh at that target now, but when it blows it will look like PVN and ENE etc........... You see this stuff today: biz.yahoo.com U.S. mortgage finance regulator delays rule Wednesday November 7, 1:20 pm Eastern Time WASHINGTON, Nov 7 (Reuters) - The government agency that keeps watch over the finances of mortgage finance giants Fannie Mae (NYSE:FNM - news) and Freddie Mac (NYSE:FRE - news) on Wednesday delayed work on a corporate governance regulation at the request of the two companies. The Office of Federal Housing Enterprise Oversight said it would extend the comment period on a regulation regarding corporate governance. Included in the regulation is a description of financial conditions that could trigger a special review of an agency's finances by the government. ``The deadline has been extended from Nov. 13, 2001 to Dec. 13, 2001 to accommodate the enterprises' requests,'' OFHEO Director Armando Falcon said in a two-paragraph statement. (EDIT: NEED SOME TIME TO HIDE STUFF?) Fannie Mae and Freddie Mac are shareholder-owned but congressionally chartered companies that buy mortgages from lenders and repackage them as securities for investors. While the companies' securities are not guaranteed by the government, many investors view their special government ties as an indication the United States would not let them fail. ------------------------------------------------------------- biz.yahoo.com New Issue - Fannie Mae sells $9 bln bills Wednesday November 7, 9:53 am Eastern Time NEW YORK, Nov 7 (Reuters) - Fannie Mae (NYSE:FNM - news) said on Wednesday it sold $4.5 billion of three-month benchmark bills due Feb. 7, 2002 at a stop-out rate, or lowest accepted rate, of 1.780 percent, $2.5 billion of six-month bills due May 9, 2002 at a 1.720 percent stop-out rate and $2.0 billion of one-year bills due Nov. 1, 2002 at a 1.830 percent stop-out rate. The three-month bills were priced at 99.5501 and have a money market yield of 1.788 percent, the six-month bills were priced at 99.1304 and have a money market yield of 1.735 percent, while the one-year bills were priced at 98.1802 and have a 1.864 percent money market yield, according to Fannie Mae.

To: Haim R. Branisteanu who wrote (133334)	11/8/2001 12:02:28 AM
From: mishedlo	Respond to of 436258

Haim - I thought seriously of buying puts on FNM. It is a total waste of time. I am convinced these Fuckheads can not see ahead 2 weeks, let alone 6 months. When interest rates start to rise, maybe these clowns will get it. Perhaps it will take 3 months after that. For the record, my mortgage broker is 100% swamped in business. I got a re-fi at ZERO closing costs. No points, no title search, no appraisal. No paperwork. Was approved over the internet based on a 775 credit rating whatever that means. I did not have to file tax returns or anything. Just a record of my money Market acct. Cash is King I guess. Look at how long it took for PVN to turn. There is plenty of time for FNM. Just wait. If you can not stand to wait, at least wait for a retest of the top near 90. If you have guts, calls are probably a decent bet. THEN as soon as SHIT Happens but not much before. Short, stay short, and then double up cause it might just pull an ENE. M