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Sold 1\3 of my holdings @3.00 this morning. Glta :)
That 100 shares sent tremors through the market. Some of the MMs thought it was an earthquake!
which one? the one in the oval? errr sorry he's just a Moron according to the person he appointed to be the international representative of his admin..
Idiocracy taking hold
The only "news" is that we conclude the 10,000th week (or something like that) of being held captive by our own pathetic excuse for a government, with no end in sight!
Ok, thanks, I wish I would've held now!!!! :(
No....No...No It should read "we are the U.S. government and we get to take 79.9% of your company because if we took 80%, we would have to put it on our books and we don't want to do that". Try to convince a retard that it wasn't set at that figure by design!
I guess I am glad i didn't sell it all, thanks! I hope i don't throw myself thru a high rise window either.
The Federal Reserve is not going to wait for retail traders to cover shorts in FNMA and FMCC to act. Nor will they wait for retail investors on the sidelines thinking about getting into the stocks.
With a 3 day weekend for the MBS market; this is a VERY VERY bad time to be short or on the sidelines.
You might be shocked, and maybe commit suicide after you see what might be about to happen.
Federal reserve closed
Bond markets closed
All Monday.
If your going to make big changes for the GSEs you certainly do not want MBS trading to be going on. You have to reassure the markets that everything is going to be alright.
Something BIG maybe be happening...
Sold 1\3 of my holdings @3.00 this morning.
Uh oh - when the market gets wind of stink selling the stocks are sure to plummet.
Sold 1\3 of my holdings @3.00 this morning. Glta :)
Alrighty then.
I guess I will take a quick small profit then.
no news expected today that I'm aware of ...
Thanks for this.
Quick question: Is there any news supposed to come out today?
$11Bill Earnings/1.16 bill shares X 17 P/E= $161.00 +16=$176.00
$44/share….perhaps after a 4/1 forward split–warrants are invalid= the biggest variable is what the P/E should be
so treble damages—-=$528/pps…that’s with P/E of 17===could be higher–A LOT===think like TRUMP—not only do we have TBTF
screwing us–now it’s confirmed that accounting Fraud screwed us too–Un-F*****ng believable–Deloite will probably go the way of Price Waterhouse–IMPLOSION
How long have I been saying this? We should this level of PPS upon Release--with full restore and recap
getting closer by the day
$94.31 conversion...
Anything under $96.31 is a bargain in light of FNMFO conversion price.
5-10x on the commons right off the bat or after a full recap?
Thanks!!
We're the UST - we get to take 80% of your company based on now proven lies and obfuscation. Would you like to invest in our country? No? Why not?
FNMFO up listed from Grey market to OTCQB.
https://www.otcmarkets.com/stock/FNMFO/quote
It states it's a conversion security. FNMFO has to go above $94.31 to convert.
https://seekingalpha.com/article/3492166-fannie-maes-100000-liquidation-preferred-comes-possible-common-stock-upside
How large and how soon will the GSEs bottom line feel the impact ?
will the mkt anticipate and OVER REACT (as it usually does ? )
HUD - GSEs have authorized a 90 moratorium on Foreclosures
for Homes in areas eligible FEMA Disaster Relief also
mortgage services may temp suspend 90 days - mortgage payments
***************************************************************
Fannie Mae is suspending evictions and foreclosure sales for 90 days
for borrowers with properties that are eligible for FEMA assistance.
Additionally, mortgage servicers may temporarily suspend a homeowner’s mortgage payments for up to 90 days, under Fannie Mae’s disaster relief guidelines.
https://www.consumer-action.org/alerts/articles/disaster_assistance_for_victims_of_hurricane_harvey
Have to wait until first week of FEB 18 (4th Quarter). No real impact anticipated in next quarterly announcement (3rd Quarter) reported first week of NOV 17.
Guess we have another 75 day carrot to dangle, let us all get excited.
Net Worth Sweep Won’t Stop a-Takin’: #Fanniegate Blues No 9
1st impacts of Hurricanes just being announced in JOBs report
-33,000 non-farm payrolls for Sept
1st time we've had a negative JOBS report since 2010
my take - will have a general downward pressure on mkt today
the BIG question needed to be asked is:
WHAT IMPACT will this have on the next QTR REVENUEs for GSEs ???
Crooks, thieves, and robbers...Oh my!
http://www.esquire.com/news-politics/politics/a12787808/jp-morgan-mortgage-scam/
"affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator"
1. a net worth sweep ruling does not affect the appointment of conservator as conservator of seller
2. a ruling won't curtail the conservator's powers as conservator, but will simply say that it is their duty to conserve assets as conservator, aka follow the law, don't ignore it.
good luck to you, but you're wrong.
ps. this isn't going to end in court, watt will implement a capital buffer by end of year, and then early next year a plan like moelis will get implemented, it will be a few years till recapitalized
ackman says 5-10x here on the commons, which is more than i was/am expecting, but i mean, power on!
You really should create a new user name after that last response.
To begin, you are not being honest in regards to what Mr. Howard has been privy to.
He has been hired as a consultant by plaintiffs. You don't know what he has been privy to.
And sure board members should give credence to an anonymous poster playing a lawyer on a message board over Mr. Howard's miniscule understanding of the enterprises...
"Timothy Howard was a senior executive at Fannie Mae for 23 years. After beginning his career there as chief economist in 1982, he quickly became involved with financial matters. He was given responsibility for managing Fannie Mae’s largest business—its portfolio of purchased mortgages—in 1987, and in 1990 became the company’s chief financial officer. He added the duties of chief risk officer in 2000, and was named vice chairman of the board in 2003. When Howard left Fannie Mae at the end of 2004, it was safely and profitably financing more than one in every four home loans in the U.S."
The lols that this deserves would use excessive bandwidth, so I've created a new abbreviation in your honor... Lol Infinity, lol8.
Congratulations!
To be honest, I never spent times to read it. And what I said was just my opinion.
Okay. I am still waiting for the big news early August, the 75 day gimmick. Perhaps that will be tomorrow following the fake court victory.
I only assume or let 's pretending that on future we win on any court cases. They will repeal .
IF WE WIN IN COURT..., C-SHIP IS NULL & VOID!
We Open $22 Minimum.
Conservatorship Can Be Null And Void Upon A Ruling
http://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-26_SPSPA_FannieMae_RestatedAgreement_N508.pdf …
6.7. Effect of Order; Injunction; Decree. If any order, injunction or decree is issued by any court of competent jurisdiction that vacates, modifies, amends, conditions, enjoins, stays or otherwise affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator (except in each case any order converting the conservatorship to a receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.”
This is Trump's Nuclear Button On ObamaCare.
What court case are you referring ?
If we win in court tomorrow, they will repeal.
"duplicitous manipulator of the truth" James Wood, you made my day with that spot on comment on Obama. THE most crooked President of the U.S. of all time.
They do nothing. We do nothing, ,only buy. Buy. Play their games we will win.
Actor James Woods Supports GSE Shareholders & Shames Obama For Largest Theft In World History
https://twitter.com/jemiller12/status/916125760007655425
Because he is a duplicitous manipulator of the truth. https://t.co/1rjrjdgPt9
— James Woods (@RealJamesWoods) October 5, 2017
Fridays can pretty ho-hum without news one way or another. Bounce around and close at the same PPS as today?
10000 shares = 0
Even thought zero is nothing. It still has it's value of 0.
10000 shares are still 10000 of shares. Nobody can touch your 10000of shares.
It looks good from chart.
making conclusions based on facts not in evidence
literally makes no sense.
and my post was somewhat of a joke.
much like yours, I hope.
Imagine if you could buy a share of 0.005xx with your money of $10000.00.
So $10000 ÷ 0.005 = 2000000.
You simple own 2million share.
2million shares time $3 = you will earn 6 million dollars.
Just think!
Let it drop to less than 0.10 before they bring it back up.
65%, I am afraid that they will use a scare tactics by simply letting it drops to less than 0.10 pps. In this case they can eliminate all shareholders.
10 or 5 or 3 billions, I only use it as an example.
Thats a fair statement.
I dont really read his stuff that much because it has no effect on my investment choices. Im holding no matter what.
But I could have misunderstood his purpose for posting about testimony he hadnt seen.
I try to get as much info as possible before comitting $$$$
it's not perfect ... but making informed bets is FAR preferable
I'm fortunate to have lots of time to do the DD
the GSEs being Volatile lend themselves to being VERY TRADABLE
Do you do that with all stocks navy?
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