SEC limiting short sale of Fannie/Freddie + Tempers flare at IndyMac Bank

[Coronita]

Wow. Check out this article

http://ktla.trb.com/news/ktla-mortgages,0,1444873.story

and this one

http://www.marketwatch.com/news/story/sec-limit-shorting-fannie-freddie/story.aspx?guid=%7B2B08DEE5%2D8D5F%2D47D6%2DA2D4%2D7DD5ECEE0D5B%7D&dist=morenews_ts

It’s pretty interesting how gov is getting involved. So much for free markets.

[Coronita]

I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?

[Coronita]

I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?

[Coronita]

I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?

[Coronita]

I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?

[Coronita]

I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?

[Anonymous]

Apparently companies have been cooking there books for a long time. But there is so much cooking you can do until real cash runs out.

[Anonymous]

Apparently companies have been cooking there books for a long time. But there is so much cooking you can do until real cash runs out.

[Anonymous]

Apparently companies have been cooking there books for a long time. But there is so much cooking you can do until real cash runs out.

[Anonymous]

Apparently companies have been cooking there books for a long time. But there is so much cooking you can do until real cash runs out.

[Anonymous]

Apparently companies have been cooking there books for a long time. But there is so much cooking you can do until real cash runs out.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[Author]

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