Frontrunning: March 29

• Fannie and Freddie: the biggest income (Post)
• Paulson's $32 billion funds prompt too-big-to-succeed concerns (Bloomberg)
• China jails Rio Tinto staff to 7-14 years (Reuters)
• Dubai World said to offer shortfall guarantee in debt proposal (Bloomberg)
• Suicide bombers kill at least 37 in Moscow metro (Moscow Times, Reuters)
• China knows the time for laying low has ended (FT)
• Stocks soar but many analysts ask why (NYT)
• Treasuries find Greenspan's canary fainting in mine (Bloomberg)
• Hudson Institute weekly economic report (Hudson Institute)
• Reform in congress lacking cash clause to stop Lehman-like runs (Bloomberg)
• Steve Cohen: Divorced, never separated (NYMag)
• Euro rises on hopes that debt crisis is abating (FT)
• S. Korean divers reach sunken war ship, no response (Bloomberg)
• How not to run an SEC investigation (Dealbook)

Comments

[RobotTrader]

More meltups today.

BELM up $5

APOL up $3

FSLR up $2

[Careless Whisper]

solars strong. i like yge above 12.90. financials seem weak.

[Eduardo]

and the US government is announcing the sale of their C shares in an "orderly" fashion and of course C is UP ! 

Maybe Paulson would like to front run that.

[John McCloy]

You may wanna include the NY Post reporting on the Macguire attempt. Im glad all the mortals on the NYC subways and buses this morning will finally get a taste of how these banks are the financial mafia. 

why is his name not being released? He either has connections or can be linked to JPM. Since when aside from a sexual assault is a subjects name not realeased?

[Careless Whisper]

front run this too

bankstas own oil companies, hotels, and newspapers because of bankruptcies. ohhh, what a surprise.

http://www.reuters.com/article/idUSTRE62P4IT20100326

[hedgeless_horseman]

http://www.bloomberg.com/apps/news?pid=20601109&sid=asR90b7attFI&pos=11

“With the economy recovering, we have been seeing a lot of containers that didn’t make it out on time because there wasn’t enough space on ships,” he said.

Versus:

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

Either 1) someone is full of kim chi, 2)the law of supply and demand is no longer enforced, or 3) there is now greater latency in pricing than in the past.  I am betting on 1.

[Popo]

The New York Post writes:  "It barely registered as news -- although taxpayers are completely on the line for the bad debt of these government-sponsored enterprises"

But this is entirely false.  It very clearly states, in big black letters, on every FNM, FRE prospectus and report that FNM/FRE paper is NOT guaranteed by the US Government.  It CANNOT be clearer. 

[McGriffen]

True, it reads as such on the pro-sup for mortgage paper.  However, US government has filled and will continue to fill that black hole most businesses term "negative equity".  Please note the US Treasury actions just prior to a week from hell in Sept 2008.

FNM/FRE: the GSE gift which keeps on giving.  These companies are f*cking broke, just like AIG.

[Paul S.]

Less people killed than expected in Moscow bomb blast.  Market surges on news.

[mark456]

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