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Senator Fischer. Thank You! TaxCuts Will Help Make America Great Again! Now It's Fannie & Freddie Time & AverageJoe Plan Gets It Done!
https://twitter.com/nsfraudbuster/status/938800062687092736
and for trading I acted accordingly
that said
seems to me
for the day the preferred stock are tired
would be nice to see FNMA get a 10 - 15 cent run from 2.82ish - upwards before close
hard for me to understand why equity is not equity
This pump humped us and not in a good way!
A couple of those 2.77 buys were mine
They can write them.
But they can't pass them.
Gap filled. Order filled. FNMA gap is like money in the bank.
Hopefully you sold at the exact high today and will buy back in at the exact low.
If we could all have your trading prowess it would be great.
Only 2 fingers have lost grip of the branch its the last two to worry about
I think it was just trying to fill a gap
Hope you are right
I own a bunch new common (and still a bunch of preferred)
Equity is equity in many ways --- very hard to repay preferred stock holders to PAR and nothing to common ....
all IMO as the market thinks otherwise - but as far as I see - based on one comment ?
Ahh the good ‘ole days of huge swings. Grab your Dramamine!!!
Honestly we've seen a few of these days in the past. Large dip and then a decent recovery.
Let's see what happens.
Pretty Serious Volume !!
9.2 million
Told yas they would shake out the weak feeble hands.
If they are shaking the tree they sure are shaking it hard.
Squeezing the F out of us but im not giving in
good tax write off for the average joe
Recent gap closed. Was wondering how it gets closed. Now it is! Great
What just happened? Why the sudden fall?
Scare tactics don't working us looking longs! Try harder...long and very strong!!
Bill to stop funding housing trust fund -
It appears the anti-GSE folks in Congress are using that bill as a way to force the GSE's to make full net worth sweep payments. They're against the housing trust fund - I assume because it interferes with their divided sweeps and wind-down of the GSE's. And thus, the bill introduced today is just a convenient way for them to extort full payment from the GSE's and is in no way something good for us.
Previous article pertaining to funding the trust fund:
However, some lawmakers tried to stop the lifting of the suspension of the NHTF, including House Financial Services Committee Chairman Jeb Hensarling (R-TX). He responded to the announcement of the first contribution saying that the GSEs were at the center of the financial crisis and that “diverting assets from taxpayers to housing trust funds re-invites the same politically directed lending abuses” and could lead to the next crisis.
http://www.nmhc.org/News/Fannie-Freddie-Contribute-$186M-to-Housing-Trust-Fund/
true. I bought the dip
I read it as a method to stop Fannie and Freddie paying for the Obama ACA medical insurance subsidies. Nobody seems to be able to say just stop taking F&F money to pay for these subsidies so we have to play political games by introducing legislation. If it works....fine!
jog49:
Administrative solution does not preclude a legislative one. Congress could write Moelis word-for-word into a bill and implement it. Just because it was intended as a administrative solution (thinking Congress wouldn't act) doesn't mean it can't be implemented legislatively, probably with some edits.
When the mkt Lemmings OVER REACT -
Recognize it ... Take Advantage of it .... and TRADE ACCORDINGLY
Fannie & Freddie making $Billions CASH PROFITS each QTR
liquidating Shareholders & Assetts is a processs of Receivership & Bankruptcy
NEITHER ONE APPLY to FANNIE and FREDDIE
Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.
In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
In law, receivership is a situation in which an institution or enterprise is held by a receiver—
a person "placed in the custodial responsibility for the property of others, including tangible
and intangible assets and rights"—especially in cases where a company cannot meet
financial obligations or enters bankruptcy.
Easiest way to cash out is load up on Fannie/Freddie shares and save the GSEs. We should all hope that they're corrupt and greedy. Helps us.
Does anyone have anything thoughts on the new GSE Jumpstart bill? Looking around on the internet, people say it's bad news?
It looks like a standalone bill, while the original one was attached to a spending bill? This means the house and Senate will need to vote on it.
Glen: Given the limited information yesterday, it looked like Moelis was the plan, but today is a new day and with all the new information coming to light and the new GSE extension bill, how do you feel about Moelis being implemented? Moelis was purely administrative, but it looks like with will be dealt with legislatively seeing so many parties have their own ideas.
Porker is a Puke
What? We've actually got some friends in Congress?????!!!!!!!
8 years of waiting I want my company bk that u stole all u pos
Every time I hear the name Mike Bright, the stock tanks. I think Mike Milken planted him to destroy current shareholders
Its funny they waited this long to try and do something. they know that if they wait till after Jan 2nd they will have no say in the matter....good luck getting this to pass
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