Comments on: Concerned by the SEC's Latest Moves http://glickreport.blogs.foxbusiness.com/2008/07/16/confused-by-the-sec/ Fri, 20 Nov 2009 17:08:26 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: John M http://glickreport.blogs.foxbusiness.com/2008/07/16/confused-by-the-sec/comment-page-1/#comment-2357 John M Wed, 16 Jul 2008 20:45:40 +0000 http://glickreport.blogs.foxbusiness.com/?p=550#comment-2357 This story smacks of the bee buzzing around the bridge of the battleship just as the enemy comes over the horizon. A nice bounce today in financials, etc., but are we missing something here. That being said, has anyone looked at how the new dark pools of liquidity are going to make enforcing these new rules more complicated? I would humbly submit, though, that you investigate the funny smell coming out of agency debt today. Institutions in Oman, Australia and Switzerland today dealt publicly with the issue of exposure to senior GSE obligations and Fannie's bills didn't sell as well today as Freddie's did Monday. Roubini is openly calling for a possible 5 percent haircut for the investors. This market is the Custer's Last Stand for asset backed securities, and if F&F's debt rollover suddenly freezes up like the ABCP market did around 11-12 Aug '07 it's not going to be pretty. Meanwhile, have fun with the silly season stuff :-) This story smacks of the bee buzzing around the bridge of the battleship just as the enemy comes over the horizon. A nice bounce today in financials, etc., but are we missing something here. That being said, has anyone looked at how the new dark pools of liquidity are going to make enforcing these new rules more complicated?

I would humbly submit, though, that you investigate the funny smell coming out of agency debt today. Institutions in Oman, Australia and Switzerland today dealt publicly with the issue of exposure to senior GSE obligations and Fannie’s bills didn’t sell as well today as Freddie’s did Monday. Roubini is openly calling for a possible 5 percent haircut for the investors. This market is the Custer’s Last Stand for asset backed securities, and if F&F’s debt rollover suddenly freezes up like the ABCP market did around 11-12 Aug ‘07 it’s not going to be pretty.

Meanwhile, have fun with the silly season stuff :-)

]]> By: chuck http://glickreport.blogs.foxbusiness.com/2008/07/16/confused-by-the-sec/comment-page-1/#comment-2356 chuck Wed, 16 Jul 2008 19:00:11 +0000 http://glickreport.blogs.foxbusiness.com/?p=550#comment-2356 Now here's a question u should propose for the SEC chairman: What prompted your department to investigate the rumor mongering on Wall Street? Follow Up; Who or what spurned the investigations and what investment firms are involved in the rumor investigations? Now of course rumors on Wall and Broad are hard to prove,have you suposnead emails? Do the wall street bloggers fall into this category? Just a few ideas to pass to you...hope I didn't add to the confusion.:) Now here’s a question u should propose for the SEC chairman:
What prompted your department to investigate the rumor mongering on Wall Street?
Follow Up;
Who or what spurned the investigations and what investment firms are involved in the rumor investigations?
Now of course rumors on Wall and Broad are hard to prove,have you suposnead emails? Do the wall street bloggers fall into this category?
Just a few ideas to pass to you…hope I didn’t add to the confusion.:)

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