Comments on: A “Sour Sixteen” Thoughts on the Real Estate Markets http://alephblog.com/2007/08/25/269/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 03:46:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Merkelhttp://alephblog.com/2007/08/25/269/comment-page-1/#comment-3717 David Merkel Mon, 27 Aug 2007 16:57:55 +0000 http://alephblog.com/2007/08/25/269/#comment-3717 Annaly is in the "pony up more" category. They see bargains in the mortgage space, and no, I haven't seen any losses. I think they are being opportunistic. Annaly is in the “pony up more” category. They see bargains in the mortgage space, and no, I haven’t seen any losses. I think they are being opportunistic.

]]> By: James Daileyhttp://alephblog.com/2007/08/25/269/comment-page-1/#comment-3713 James Dailey Mon, 27 Aug 2007 16:11:31 +0000 http://alephblog.com/2007/08/25/269/#comment-3713 I think your 2nd item is mistaken regarding Annaly Capital Management. There has not been any public disclosure of any losses for NLY. I have listened to their quarterly calls for several years and based on their last release and rhetoric, they have been in AAA gov't guaranteed GNMA and FNM/FRE paper. They announced an IPO for a vulture company Chimera, which seems to me to be a move made from a position of strength to take advantage of the inevitable overshoot in the mortgage market. Would you care to clarify what you are referring to regarding losses at NLY? I think your 2nd item is mistaken regarding Annaly Capital Management. There has not been any public disclosure of any losses for NLY. I have listened to their quarterly calls for several years and based on their last release and rhetoric, they have been in AAA gov’t guaranteed GNMA and FNM/FRE paper. They announced an IPO for a vulture company Chimera, which seems to me to be a move made from a position of strength to take advantage of the inevitable overshoot in the mortgage market.

Would you care to clarify what you are referring to regarding losses at NLY?

]]> By: Investing Insightshttp://alephblog.com/2007/08/25/269/comment-page-1/#comment-3712 Investing Insights Mon, 27 Aug 2007 16:05:24 +0000 http://alephblog.com/2007/08/25/269/#comment-3712 <strong>Follow the paper, commercial paper, to assess the damage</strong> If you're not holding securities backed by subprime mortgages, that is if you're 98% of all investors, this summer has been a wacky ride for your portfolio but hardly a killer. The major stock indexes are still in positive ground... Follow the paper, commercial paper, to assess the damage

If you’re not holding securities backed by subprime mortgages, that is if you’re 98% of all investors, this summer has been a wacky ride for your portfolio but hardly a killer. The major stock indexes are still in positive ground…

]]>