Houston we have a problem…

Posted on Oct 19, 2009 by in Letters

Who is Keefe Bruyette and Woods, and does anyone care? (Which way were they in the great bear market?)  Well obviously someone cares because they sent FNM and FRE down about 17% on a gap with a report saying the shares were worthless.  We have sent an email to enforcement@sec.gov  (and you should too) asking them to investigate to see if KBW have a conflict of interest, or if they informed their bosom clients they were going to ambush these issues.

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