Last couple of days action in FRE and FNM has been overwhelming.. some days, you just are not sure whether you know any thing of certian about equity markets. My guess is that they are sliding up beacuse of the optimism by Citi. But this article made me think on whose interests are best served by the upgrade.!! Citi ofcourse!!! Trade: Buy PUTS on FNM and FRE!
Ever wondered why it was JPM who came to the rescue of BSC?? Well, this proves the point.. BSC was the counter party for most of the credit derivative swaps on JPM balance sheet!!
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