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Originally posted by Donny 4 million
reply to post by Hastobemoretolife
Stop belly acheing. I made $800 ON AIG and bought it back below my original position. And an hour and 45 to go. took some on FNM and FRE.
Throw in a little BWEN
[edit on 20-3-2009 by Donny 4 million]
Originally posted by Hastobemoretolife
reply to post by Donny 4 million
Its cool. There is definitely money to be made if you have the stomach for it. The only problem I see is that the market could plummet at any second.
Ben: Give Up, Its Not Working
Bernanke's Fed in fact is why AIG had to be bailed out - if The Fed (along with OTS and OCC) had done their jobs not one regulated financial institution would have held one nickel of that garbage paper.
Yields on Fannie Mae and Freddie Mac mortgage-backed securities tumbled yesterday to their lowest levels in two months, suggesting the Fed’s plan to expand its asset purchases may soon push rates on new loans to record lows. Still, the difference between the yields and those on 10-year Treasuries widened to the highest since March 9.
Read that carefully folks. Yes, yields tumbled but so did yields on 10 year Treasuries, the reference bonds for all this stuff. The spread, however, widened.
I thought Ben said he was narrowing spreads with his actions?
Looks like what Ben thinks he is doing and what is actually happening are two different things.