The Market Ticker
Commentary on The Capital Markets- Category [Musings]

Really, it's not that important to get there 30 seconds faster.... especially when you might not get there at all!  (Fast-forward to about 1 minute in)

(H/t here)

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Oh cry me a river.

"Here I'm not going to name the senior person, but I was meeting with someone… This person told me that the Chinese had received a message from the Russians which was, 'Hey let's join together and sell Fannie and Freddie securities on the market.' The Chinese weren't going to do that but again, it just, it just drove home to me how vulnerable I felt until we had put Fannie and Freddie into conservatorship [the rescue plan for them, that was eventually put in place]."

So what?

Let's first assume Paulson is not lying, and if he won't name the person he might be.  It's pretty hard to refute a claim that some ghost said something, right?

But let's just go with that for a minute: By what right does anyone have to bitch if someone who buys something wishes to sell it, irrespective of terms, absent a contractual obligation not to do so?

In other words if you wanted to "prevent" such a "Bear Raid" the only legitimate way to do it is to not sell them the instrument in the first place, which is your right because you're the seller.

But having profited from the price support that having more demand (that is, buyers) for said issue at the outset, you accept with that demand and thus price support risk -- specifically, the risk that you might get cornholed down the road if you allow a concentration of those securities to go places where someone might do something like this.

Further, need I remind anyone of the rather clear disclaimer on the front of these securities?

Was it really all that difficult to parse those words?

**** you Hanky Panky for trying to play off geopolitical events many years down the road.  

Anyone who buys into the crap you're running here is bereft of cognitive ability.

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