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The Bottom Line

By

Cut to the chase, my brother; speak on it!

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The Minyanville take daily on news, commentary and opinion from around the world:

In a Securities and Exchange Commission filing, Fannie Mae (FNM) said it won't be able to file its 2005 financial report on time. The company noted it has discovered additional errors related to accounting that may lead it to restate $11 billion in earnings.

  • Bottom Line: When the counting gets tough, the tough get... an abacus?


An estimated 380 hedge funds with assets in excess of $150bn call Greenwich, CT home, making it the "Hedge Fund Capital of the World," according to the Finanical Times. "In hedge fund parlance, if Greenwich were a stock, would its lofty valuation make it a good candidate to sell short?"

  • Bottom Line: Short Greenwich, long Detroit in a pairs trade?

    Welcome to Greenwich!
    Median Household Income $99,086




    Welcome to Detroit!
    Median Household Income $27,871


To teach fact-finding skills, professors at the University of Minnesota have turned the fantasy computer game "Neverwinter Nights" into a tool for journalism students, according to the Associated Press. "Initial plans were to have a crowd of game characters milling about [for reporters to question], but because of a software bug any time a player approached a group of people, he was immediately attacked and killed."

  • Bottom Line: No comment. Was: Let me think about it while I open up this can of whoop ass.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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