Fannie Mae, Freddie Mac Taken over by Regulators

Calendar September 7, 2008 | Posted by Jorge

Ooooh boy.  Let the fun begin.  I’m watching the 11am news conference by Hank Paulson.  More info once its released.
Update:  Here’s the shortened version of the story as I see it.  The government’s taking over Fannie and Freddie, removing the CEOs of both companies, and eliminating both preferred and common dividend.  By eliminating the dividends, [...]

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Daily Update – July 10-11, 2008

Calendar July 11, 2008 | Posted by Jorge

Okay.. my head hurts from today’s action.  Luckily, my hedges kicked in.  Something tells me Monday’s going to be a big day, one way or another.
Yesterday’s action consisted of 2 contracts sold for a profit of $268.  I think the contracts I sold were WFR.  Probably.  Yeah I’m almost sure.
Today’s action?  Well after the wild [...]

Category Categories: Equities, Index and ETFs, Portfolio Progress | Tag Tags: , , , , , , , , , | Comments Comments