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News & Insights
| FPA Insights
We believe The Housing and Economic Recovery Act of 2008, that was signed into law by President Bush to provide support for up to $300 billion in home loans in financial difficulty and to provide potentially unlimited capital to “bailout and pseudo-nationalize” the GSEs (Government Sponsored Enterprises), is one of the biggest expansions of misdirected policy in the last seventy years.
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| FPA Insights
June 16, 2008 marked the five-year anniversary of when we drew our line in the sand by penning “Buyer’s Strike.”
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| FPA Insights
We believe that we live in unprecedented times such that we cannot just look to the recent past and see an easy way out of the issues we have created for ourselves.
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| FPA Insights
These past two weeks have been extraordinary in that the Federal Reserve has had to take actions that have not been used since the Great Depression and a few that heretofore have never been used.
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| FPA Insights
To begin with, I believe FPA Capital Fund and FPA New Income are well structured to weather this credit crisis storm
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| FPA Insights
Morningstar recently announced their revised Stewardship grades. The FPA Fund family has been included as one of the Top Ten Fund Families for stewardship by Morningstar (number 10)…
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| FPA Insights
Based on the front-page article in the October 26, 2006, Wall Street Journal, we believe that the latest investigation by the SEC of 27 fund companies for allegedly accepting kickbacks from service providers requires us to revisit our commentary put forth in the wake of the 2003 mutual fund scandals.
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| FPA Insights
Based on the front-page article in the October 26, 2006, Wall Street Journal, we believe that the latest investigation by the SEC of 27 fund companies for allegedly accepting kickbacks from service providers requires us to revisit our commentary put forth in the wake of the 2003 mutual fund scandals.
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| FPA Insights
In light of the continued robust performance of the Russell 2000 Value Index™, and the other Russell Value Indexes, we hope this letter helps our clients and investors better understand that there may be imperfections in the indexes that may distort return comparisons.
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