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"The World Series of Lending Poker" Starring: Freddie, Fannie and Wall Street

By
Real Estate Agent with John L. Scott Sandy

Welcome to the World Series of Lending Poker.  Tonight, we have some of our favorite contenders at the table.  Freddie Mac and Fannie Mae are with us once again as well as the rookie, Wall Street

Federally-backed Freddie and Fannie have had a pretty predictable run here since they often work a more conservative game.  They have lasted this long since they "know how to hold them and know when to fold them" as Kenny Rogers has crooned.

Privately-backed Wall Street, on the other hand, has had a run of good luck, and is currently the chip leader.  His strategy is a little more aggressive that his competitors.  Let's see how tonight's round pans out.

The deck is shuffled, blinds are placed and the cards are dealt to the players...

Poker Texas Hold 'em Clubs King 5Poker Texas Hold'em Clubs 7 3Poker Texas Hold 'em Pocket aces

 

 

 

 

 

 

Freddie gets a King and a 5 of Clubs.  He has the potential for a flush draw.  Let's look at Fannie....she has a 7 and a 3 of Clubs.  Another potential flush draw!  Finally, we get a peek at Wall Street's cards...he has pocket Aces.  These Aces are a tempting little pair.  And Wall Street is excited.

 

Freddie and Fannie both decide to check and go for the slow play, but Wall Street is betting.  With potential flush draws on the line, Freddie and Fannie each decide to stay in and call.

 

The pot's good.  Now it's time to see the flop...The Flop Poker Texas Hold 'em

 

OHHHHH!  Flush Draws for both Freddie and Fannie and 3 of a kind for Wall Street.  The game could get very interesting from here.

 

Wall Street is so excited to get three of a kind off the flop that he overlooks the potential flush draw.  So he decides to bet.  And he bets BIG!Poker Texas Hold 'em Chips

 

Freddie and Fannie, conservative as they are, know the odds.  So they take the bait and call.  The pot is good and now for the turn.  It is a card that helps no one, but Wall Street is determined to come out on top, so he bets again.  Freddie raises and Fannie and Wall Street call.

 

It's now time for the river card...it is another Club!  To be consistent, Wall Street decides to bet once again.  Already committed, Freddie and Fannie call.  Wall Street starts to get a little scared... while Freddie and Fannie are anxious to see what they could be up against.

The cards are all laid out and the results are in.  Freddie takes this hand with his King kicker and brings home a large pot.

Man, that was a big loss for Wall Street.  Let's take a break for a moment and let our players collect themselves before our next hand.  (Looks like Wall Street is on the phone with his sponsor.)

And we're back for another hand.   The blinds are placed, the cards are dealt and it appears that Wall Street has folded.  This is pretty early in the game, but after that last loss, I don't blame him.  Apparently, the call from his sponsor has caused him to play more conservatively and be more selective in the hands that he plays.  In the mean time, he has decided to sit a few hands out until he gets something that is more of a sure thing.  We probably won't see him in the next round much unless he has a flush draw or something worthwhile to play.  It seems that he is learning the hard way how and when to play his cards.Place marker poker texas hold 'em

Will Wall Street get back in the game or will he continue to be a non-participating chip leader?  Only time will tell.  Slow and steady stays in the game.

Tune in next time for another round of the World Series of Lending Poker.

 

Just another musing by your local Gresham & Sandy Realtor

Comments (18)

Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
This is great and belongs in the Las Vegas Real Estate Professionals group :)))
Mar 26, 2007 05:41 PM
Richard Parr
ADT Security Services - Slidell, LA
Home Security Specialist - Greater New Orleans, Louisiana

Excellent analogy with a little flair!

Mar 27, 2007 01:39 AM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon
whoo hoo look at that star - great way to put this out there - I love poker
Mar 27, 2007 02:18 AM
Andy Hubba
EXIT Realty Professionals - Virginia Beach, VA
Geez, there I was having flopped top set with 4 to a Royal Flush and I lose to the donkeys runner runner JJ to have my full house crushed by quad Jacks...gotta love it.
Mar 27, 2007 05:27 AM
Cynthia Sloop
Community Association Manager - Indianapolis, IN
I LOVE IT!  Great title and analogy of what's going on!  Let's see who's bluffing?!?!
Mar 27, 2007 06:10 AM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Thank You for this post.  I don't play Poker, but I get it!  The analogy is brilliant.  I'm so glad to see more mortgage brokers on Active Rain giving their perspective on what is happening in the financial markets!
Mar 27, 2007 06:49 AM
Olan Carder
Fairway Independent Mortgage - Charlotte, NC

Very funny!  Pretty good analogy too.  I think Fannie and Freddie are holding the best cards though... they don't play with junk.  When you are lending out billions of dollars you need to kow when to fold 'em!

I agree with you though, Wall Street will be back, but this time less agressive.  Rookies always bet like crazy until they finally lose big.  Then they learn maybe they don't have the best hand every time they see pocket aces.

Mar 27, 2007 07:46 AM
Ron Withers ----Retired Mortgage Professional
Kissimmee, FL

Valerie,

Very witty and funny. Anaolgy is superb. Hmm...I wonder if any of the high rollers on Wall Street has tuned in to see what's going on or to partake of the lesson.

Mar 27, 2007 11:42 AM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Valerie.... this was not only a great post, but extremely creative. Like other's mentioned, a great analogy. My opinion though, Wall Street won't be sitting out long. They need to get back into the game. Money has always been a risky business and they will bet that it comes back, that history will repeat it's self.... and things will come back at the end of this year. 

Now, that's like forecasting the weather though... lol Weather vs Mortgages..  Again, great job.

                                                                                                           jeff belonger

Mar 27, 2007 12:35 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Renee:  I added this post to your group.  I am glad that you enjoyed it.  It was fun to write.

Richard:  Thanks for reading and thanks for the compliment.

Mar 27, 2007 01:17 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Thesa:  I like myself a little poker, as well.  Can't you tell?  :)

Ethan:  Thanks for stopping by and taking the time to read!

Mar 27, 2007 01:19 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Andy:  Quad anything is ouch, unless you have 'em!  :)

Cynthia:  Yes, I would like to know who is bluffing, too.

Thanks for reading!

Mar 27, 2007 01:21 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Lola:  I am glad that you "got" the post. :) I just had a thought last night and wanted to put in in the blogosphere.

Olan:  Fannie and Freddie have been around for a while for a reason.  I think the Rookie may learn his lesson, at least for this generation, but only time will tell.

Mar 27, 2007 01:27 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Terry:  Those darn pocket rockets will get you most of the time, but boy are they tempting!

Ron:  I would love to be a fly on the wall during a Wall Street investment meeting (or whatever it is that they do to discuss strategy).  Thanks for reading!

Mar 27, 2007 01:30 PM
Anonymous
Mikey
Fannie may be holdin the nuts but daddy is telling him he only gets to put so many chips in the middle now because he was such a bad poker player earlier.
Mar 28, 2007 09:30 AM
#17
Herb Hamilton
RE/MAX Preferred Inc. Realtors - Portland, OR
Real Estate Broker ,CDPE, Downtown Portland

Valerie,

Very Creative. I just loved it. We all know that Wall street will be back for the lure of easy money is to hard to resist for any Gambler.

Mar 28, 2007 01:42 PM
Valerie Baldwin
John L. Scott Sandy - Gresham, OR
Harvey, Gresham Oregon Real Estate

Mikey:  Thats how it goes!  A little hand-slapping, now Wall Street is gun-shy for now.

Herb:  Thanks! and your statement is so true.

Mar 28, 2007 01:50 PM
Seraina Aguayo
Respect Realty, LLC - Milwaukie, OR
Realtor/Broker, GRI
This is such a witty and fun post!  You are so brilliant!  Hope you're having a wonderful time this week at GRI.  See you soon!
Apr 09, 2007 03:23 AM