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What about the office of inspector general? I know one got dismissed back in Rahm Emanuel's time? But what about since then? Are they not supposed to be overseeing some things? Have we ever heard their comments?
Glad I'm in, tomorrow will be interesting!
Dow was down 129. Fannie held fine for being on OTC under conservatorship. :) Just make sure you are positioned when it breaks free!
Not even injunction?
Could we hear as soon as tomorrow injunction on the sweeps, then earnings release announcement will say no further payment to Treasury, or is that too soon?
How short are you?
Get off OTC mailto:board@fanniemae.com
Shareholders: NYSE, even Nasdaq has $2 or $3 listing options. If you are a shareholder, email the board to get off of OTC.
They don't get to take a 2 week vacation, have half of them not even show up for the scheduled vote and take weeks to drum up 4 more votes. Waste of taxpayer money. Stop the waste.
Any last thing they can do to give shorty friends time to cover. The big banks gave a lot of money to their campaigns. The stock did well anyway considering overall market.
Yes Melly4, this bill is crappo, Crapo, Corker, Johnson in the toilet.
You think buying here is bad timing?
Too many good things going on anyway. Ackman spoke and gave a great presentation, Court update tomorrow, earnings, Watt speaks, we're above $4.
Always around earnings. They have to give their shorty friends time to cover.
Icahn: This thread we were posting was Icahn, but I could see Buffett too after Munger's remarks.
http://www.thestreet.com/story/12695966/1/carl-icahn-and-activisms-positive-potential.html?cm_ven=RSSFeed
mailto:board@fanniemae.com. We can beat that drum too! If you are a shareholder and you think uplisting would be beneficial, please email.
Thank you! He's a good research analyst to keep around.
Should Bove be invited to toast? He bought in a while ago.
5+ million volume, that's a lot more than yesterday's first hour!
My original comment was tied to us guessing the pps upon release from conservatorship. I added the comment that I'm glad that legislation about caps on retirement didn't go through, because the new pps will put some of us over. So go Fannie, Freddie!!! It's going to be a great day!!
The part that I don't like is when the government goes looking for money. The comments that no one needs that much to live on. Maybe the person has a lot of kids or people dependent on them. It is taxed either when it goes in or comes out anyway.
That's a good start! I just don't like the shady stuff that went on. Hope the profit sweep ends soon too!
They should never have been put under conservatorship in the first place. We should also put into law in this country that nothing can be put under conservatorship without stating a very clear exit strategy, clearly defined objectives, and benchmarks. This leaving it open indefinitely unfortunately has let the government go unchecked.
Love it! Thanks 955!
This article is from last year. Thank goodness it didn't go anywhere. $3 million cap on total, can't grow more than 200k a year, etc. Their theory is nobody needs that much money to retire. But I'll stay positive, it is not effect now and hopefully never will be. So go Fannie go!!
http://www.usnews.com/news/articles/2013/04/10/obama-budget-proposes-cap-on-retirement-saving
Exactly
This is just the response that was due May 2nd by the government side. Look at the case timeline.
I'm only looking at the headline. I haven't opened the article yet, but are they just playing up the government's filing that was due on May 2nd?
Uh oh, but Obama wants a cap on retirement funds of $3.5 million. That would put me over :)
Parasol Up :)
Ackman and Icahn said they will be doing some activist projects together now that they have made up.
Yes, I think BK, from Fast Money, the bottom one on the right of the panel called a BUY at the end. :) I think the others were too clueless to catch it.
Karen Finerman on Fast Money is the only one I have heard on cnbc comment favorably on them lately. She had the guts to say a few months ago that they would not be going away. It seems like all the networks have been afraid to cover them until lately, because they were political footballs. :)
If it's cnbc, they should get Najarian brothers or someone of the like to comment.
Get Bove!! Now I know why the networks always say, get Bove!! when there is bank or gse news :) because their own journalists don't know enough about the current Fannie and Freddie to cover it properly! :)