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This is from FNMA's latest 10k under covenants under treasury agreement:
"The senior preferred stock purchase agreement and warrant contain covenants that significantly restrict our business activities and require the prior written consent of Treasury before we can take certain actions. These covenants prohibit us from taking a number of actions, including: ...
...
seeking or permitting the termination of our conservatorship, other than in connection with a receivership."
Is this not self-indicting that the treasury runs the conservatorship? Thereby acting with personal interests in mind instead of doing what's best for the GSE's?
thanks!
What's worse. A former long that missed the loading phase to trade elsewhere during consolidation or a new short that knows nothing but headlines?
Why would anyone publicly post a price? To get some credit by internet people for having a lucky guess? Sounds pathetic imo, you want to talk, post something useful to discuss.
You missed the buying opportunity for the last 3 months obviously
"Close to 2 and may go lower." Ha!
Considering Lamberth said it would look suspicious if the govt keeps taking profits without capitalizing, I would say it's very likely
So close to flipping the psar on the weekly!!
3.49 weekly psar(0.01,0.1) on fannie. Keep 'er on watch.
Naw he's just sour he missed trying to call - that King guy did the same thing. Both still grape like sour.
Obviously by your diluting theory LOLz
Nothing mentioned on fannie or Freddie :(
It was funny when you called the stock to run up - then it stayed flat for 2 months.
Now this week(and last) you called it would stay flat - then today happened.
Oh wow up 2 cents? That's a big upgrade
The psar(0.01,0.1) flipped on Freddie as well
It broke out of the ~5 month channel
Ackman: Fannie 'best trade ... in capital markets'
On CNBC front webpage
Wallison's writing on the cause of the Financial crisis of 2007–08 have brought much comment. In December, 2011, the New York Times financial columnist Joe Nocera stated that Wallison had "almost single-handedly created the myth that Fannie Mae and Freddie Mac caused the financial crisis." [11] Calling it "a big lie," Nocera suggested that Wallison had engaged in a deliberate deception. Economist Paul Krugman has also accused Wallison of deception,[12] criticizing him for — among other things — attacking Fannie and Freddie in a magazine article just a year before the subprime mortgage collapse for not doing a "better job of providing affordable home financing to a neglected portion of the mortgage market." This neglected portion consisted of "African-American ... Hispanic", and "low-income borrowers".[13][14][15] Wallison cites New York Times columnist Gretchen Morgenson exposing how "Democratic political operative Jim Johnson turned Fannie Mae into a political machine", and dismisses the exoneration of the GSEs as "the big lie."[16]
Wow...you really asked that hey?
Yesterday was the deadline for the conclusions in the Starr vs. govt case.... So close yet so far
Naw bobo angry he made himself look like an idiot, I simply pointed out how idiotic bobo is.
Weekly
Watch fmcc psar(0.01,0.1)
Lol 0.045
Short it then
The NDP are just a political party. They're not the current governing party, the conservatives are.
Anyone have an update?
Will be interesting to read the 10q and see if they sweep the profits to the treasury again....even Lamberth said anything after 2014 would have no justification.
If we close above 2.31 tomorrow, it will be the first time we broke the middle BB since July - on the weekly.
Why not 0.83?
Short it straight up then. Don't be a pussy and buy puts.
It is probably regarding police seizing assets from criminals not found guilty ie. drug dealers cash, but it is applicable here.
His statement on release of his bill:
The FAIR Act will ensure that government agencies no longer profit from taking the property of U.S. citizens without due process, while maintaining the ability of courts to order the surrender of proceeds of crime. I will continue to do all I can to protect the rights of Americans and ensure that their Fifth Amendment rights are no longer infringed upon,"
Same thing right?
If we can break 2.5
The criminal activity? http://www.cnbc.com/id/102369918#
READ HERE
Sen. Rand Paul Introduces the FAIR Act
Jan 27, 2015
WASHINGTON, D.C. - Sen. Rand Paul yesterday reintroduced S. 255, the FAIR (Fifth Amendment Integrity Restoration) Act. This legislation would protect the rights of property owners and restore the Fifth Amendment's role in property proceedings. Rep. Tim Walberg (R-MI) is the lead sponsor of the FAIR Act in the House of Representatives.
"The federal government has made it far too easy for government agencies to take and profit from the property of those who have not been convicted of a crime. The FAIR Act will ensure that government agencies no longer profit from taking the property of U.S. citizens without due process, while maintaining the ability of courts to order the surrender of proceeds of crime. I will continue to do all I can to protect the rights of Americans and ensure that their Fifth Amendment rights are no longer infringed upon," Sen. Paul said.
"America was founded on the principles of due process and property rights. These principles must be defended, not undermined by a system that allows the government to seize an individual's private property without filing criminal charges. At a time when trust between government and its citizens is quickly eroding, the FAIR Act intends to return the balance of power back to the American people and away from an overreaching federal government," Rep. Walberg said.