RestoreFannieMae.us
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Nice, I'll send a couple as well.
Good idea!
Please tell Congress that you support Capuano's bill (click the link below)
http://pvox.co/r2HcMK
This is specific support to HR 2435 Capuano's bill.
(H.R. 2435: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.)
You can include a personal comment about what you support. Your nickname will be public but your personal (real) name and address will only be made known to Congress (supposedly, Rep. Capuano).
I think this is important. Please show your support and help spread the word. Thank you!
http://pvox.co/r2HcMK
Please tell Congress that you support Capuano's bill (click the link below)
http://pvox.co/r2HcMK
This is specific support to HR 2435 Capuano's bill.
(H.R. 2435: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.)
You can include a personal comment about what you support. Your nickname will be public but your personal (real) name and address will only be made known to Congress (supposedly, Rep. Capuano).
I think this is important. Please show your support and help spread the word. Thank you!
http://pvox.co/r2HcMK
Please tell Congress that you support Capuano's bill (click the link below)
http://pvox.co/r2HcMK
This is specific support to HR 2435 Capuano's bill.
(H.R. 2435: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.)
You can include a personal comment about what you support. Your nickname will be public but your personal (real) name and address will only be made known to Congress (supposedly, Rep. Capuano).
I think this is important. Please show your support and help spread the word. Thank you!
http://pvox.co/r2HcMK
Thank you. They did!
Great DD, updated daily.
http://www.restorefanniemae.us/blog
Join us in our effort to Restore Fannie Mae to the taxpaying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Help us bring justice for the taxpayers, homeowners, communities, and shareholders, which measure progress by more than just profit.
Great DD, updated daily.
http://www.restorefanniemae.us/blog
Join us in our effort to Restore Fannie Mae to the taxpaying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Help us bring justice for the taxpayers, homeowners, communities, and shareholders, which measure progress by more than just profit.
Great DD, updated daily!
http://www.restorefanniemae.us/blog
Join us in our effort to Restore Fannie Mae to the taxpaying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Help us bring justice for the taxpayers, homeowners, communities, and shareholders, which measure progress by more than just profit.
"Lets remind ourselves, this begin with predatory lenders out there marketing products that borrowers could not afford. Fannie and Freddie were never bottom feeders. They had some Alt-A, they had some subprime, but nothing to the extent these other institutions had. That's where the problem lay."
Chris Dodd, Former Senator from Connecticut @ 1:15:10
From July 15, 2008 Senate Banking Hearing with Hank Paulson & Ben Bernanke
"You don't think, several years down the line when the shares that the treasury has bought in Fannie and Freddie turnout to be a windfall and were able to balance the budget, you won't be heralded and saluted for the role that you played in that. I say that with tongue and check."
Tom Carper, Senator from Delaware @ 46:51
From July 15, 2008 Senate Banking Hearing with Hank Paulson & Ben Bernanke
Restore Fannie Mae
Join us in our effort to Restore Fannie Mae to the taxpaying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Help us bring justice for the taxpayers, homeowners, communities, and shareholders, which measure progress by more than just profit.
http://restorefanniemae.us/"
Cheers!
Cheers...
New lawsuit: junior preferred shareholders vs. United States
July 10, 2013
"The preferred shareholders, represented by Boies, Schiller & Flexner and Kessler Topaz Meltzer & Check, point to the $66.3 billion dividend Fannie and Freddie paid to the government in the second quarter of 2013, arguing that more than $60 billion of that money was misappropriated from them."
http://blogs.reuters.com/alison-frankel/2013/07/10/fannie-freddie-shareholders-demand-lost-dividends-from-u-s-in-new-class-action/
Link to official doc: http://blogs.reuters.com/alison-frankel/files/2013/07/cacciapellevus-complaint.pdf
Link to official doc: Fairholme Funds, INC vs. United States
https://docs.google.com/file/d/0Bw9Wf7snqzqcZTA1Q0wzTjdfMlU/edit?usp=sharing
“Give me control over a nations currency, and I care not who makes its laws.” ~Baron M.A. Rothschild
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index...
Monday, July 8, 1:26 PM ET
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index which rose to 5.15 following 2 months of decline. Investors bought the dip in Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), and in Facebook (FB), and continued to chase winners like Tesla (TSLA). No surprise given other data points, clients were big sellers of fixed income (AGG, BND, MUB).
http://m.seekingalpha.com/currents/post/1124732
Join us in the fight to return Fannie Mae to tax paying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Bring justice for the Tax Paying, Home owning, Shareholders, which measure progress by more than just profit.
http://www.restorefanniemae.us/
Join us in the fight to return Fannie Mae to tax paying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Bring justice for the Tax Paying, Home owning, Shareholders, which measure progress by more than just profit.
http://www.restorefanniemae.us/
Join us in the fight to return Fannie Mae to tax paying shareholders! Help restore this great business from government conservatorship, and support progressive ideals. Bring justice for the Tax Paying, Home owning, Shareholders, which measure progress by more than just profit.
http://www.restorefanniemae.us/
Nice find!!
Citigroup Ponies up $968 Million to Fannie Mae, What’s Next?
Motley Fool
July 10, 2013
What Settlement With Citi Means for Fannie Mae.
In general this deal allows Fannie Mae to cover another $1 billion or so in mortgage losses and shore up its balance sheet in the process. Moreover, the government-owned lender is currently negotiating other deals with the usual suspects involved in the mortgage market meltdown that triggered the financial crisis in 2008.
Citigroup and other big banks sold millions in mortgages to Fannie and Freddie Mac (NASDAQOTCBB: FMCC). The lenders then bundled the paper into tainted mortgage-backed securities. And this caused huge losses that ultimately were paid for by taxpayers.
In sum, this deal is good news for Fannie Mae as it continues to recover from the housing market collapse. Moreover this could be an opportunity for buyers interested in both common and preferred shares of both lenders.
http://beta.fool.com/kcolona/2013/07/10/citigroup-ponies-up-968-million-to-fannie-mae-what/39836/?source=eogyholnk0000001
http://www.restorefanniemae.us
Join the Restore Fannie & Freddie movement. Visit the website to see how you can help.
http://www.restorefanniemae.us
Join the Restore Fannie & Freddie movement. Visit the website to see how you can help.
Please tell Congress that you support Capuano's bill (click the link below)
http://pvox.co/r2HcMK
This is specific support to HR 2435 Capuano's bill.
(H.R. 2435: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.)
You can include a personal comment about what you support. Your nickname will be public but your personal (real) name and address will only be made known to Congress (supposedly, Rep. Capuano).
I think this is important. Please show your support and help spread the word. Thank you!
http://pvox.co/r2HcMK
http://www.restorefanniemae.us/
Grassroots movement official website now active!!!
Please, check it out and support!!
http://www.restorefanniemae.us/
Nice find!!
!!!Important!!!
Please tell Congress that you support Capuano's bill (click the link below)
http://pvox.co/r2HcMK
This is specific support to HR 2435 Capuano's bill.
(H.R. 2435: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.)
You can include a personal comment about what you support. Your nickname will be public but your personal (real) name and address will only be made known to Congress (supposedly, Rep. Capuano).
I think this is important. Please show your support and help spread the word. Thank you!
http://pvox.co/r2HcMK
!!Attention!!
http://www.restorefanniemae.us/
Grassroots movement official website now active!!!
Please, check it out and support!!
http://www.restorefanniemae.us/
Thanks!
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index...
Monday, July 8, 1:26 PM ET
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index which rose to 5.15 following 2 months of decline. Investors bought the dip in Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), and in Facebook (FB), and continued to chase winners like Tesla (TSLA). No surprise given other data points, clients were big sellers of fixed income (AGG, BND, MUB).
http://m.seekingalpha.com/currents/post/1124732
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index...
Monday, July 8, 1:26 PM ET
Clients upped equity exposure in June, according to the TD Ameritrade Investor Movement Index which rose to 5.15 following 2 months of decline. Investors bought the dip in Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), and in Facebook (FB), and continued to chase winners like Tesla (TSLA). No surprise given other data points, clients were big sellers of fixed income (AGG, BND, MUB).
http://m.seekingalpha.com/currents/post/1124732
!!Attention!!
http://www.restorefanniemae.us/
Grassroots movement official website now active!!!
Please, check it out and support!!
http://www.restorefanniemae.us/
!!Attention!!
http://www.restorefanniemae.us/
Grassroots movement official website now active!!!
Please, check it out and support!!
http://www.restorefanniemae.us/
!!Attention!!
http://www.restorefanniemae.us/
Grassroots movement official website now active!!!
Please, check it out and support!!
http://www.restorefanniemae.us/
Link to official doc: Perry Capital v Lew (D D C ) Complaint (July 7 2013).pdf
https://groups.google.com/forum/?nomobile=true#!topic/freddienfannie/PIi2VJ2FJCg
HOUSING AND ECONOMIC RECOVERY ACT OF 2008
http://www.gpo.gov/fdsys/pkg/PLAW-110publ289/pdf/PLAW-110publ289.pdf
""This lawsuit seeks to uphold the rule of law," Theodore Olson, a partner at the law firm Gibson, Dunn & Crutcher and a former U.S. solicitor general, said in a statement.
He said the 2008 Housing and Economic Recovery Act, known as HERA, established specific rules about the government's limits and obligations under conservatorship.
"Investors had every right to expect these rules to be followed," he added."
http://finance.yahoo.com/news/investment-group-sues-u-over-005245088.html
"Private shareholders provide initial capital base into which Treasury can dispose of its common equity stake over time • UST successfully used this approach to sell its common equity in AIG at a profit for taxpayers"
Is this statement referring to preferred shareholders only?
James E. Millstein's idea presented
before the Committee on Financial Services U.S. House of Representatives April 24, 2013
http://financialservices.house.gov/uploadedfiles/hhrg-113-ba00-wstate-jmillstein-20130424.pdf
Some Fannie Mae & Sallie Mae parallels:
Sallie mae chart: 1994 - 1997
http://stockcharts.com/c-sc/sc?s=SLM&p=W&st=1990-01-01&en=1997-01-03&i=t13628552217&r=1373162741434
Federal Actions That Cut the GSE Benefit and Stock Value:
In 1992 Congress began to take actions that hurt SLMA’s business. Congress set up a pilot for the “direct lending” program where the Department of Education made loans directly to students, avoiding both lenders and SLMA’s secondary market. In 1993 the Clinton Administration made direct lending a priority and the pilot program became permanent. The Clinton Administration saw direct lending as a more efficient use of Federal resources, and set goals to largely eliminate Sallie Mae’s and the private-sector’s involvement in the Federal student loan program.
Also in 1993, Congress imposed on SLMA a special fee, called an offset fee, of 30 basis points on new federally guaranteed student loans that SLMA acquired for its portfolio. This offset fee applied to assets SLMA held rather than to the debt it issued, and did not apply to any other entity. The proceeds from the fee went to the Department of Education. From SLMA’s perspective, the offset fee was a tax that reduced the franchise value of the GSE charter by effectively eliminating part of its funding advantage. The Courts upheld the offset fee but ruled that it did not apply to loans that SLMA securitized. Although the offset fee at first threatened to be very costly to SLMA, its actual financial impact was never greater than 15 basis points overall for on-balance sheet student loans, as it did not apply to loans that were consolidated under the Federal student loan program and private loans. Both of these classes of student loans grew rapidly during the wind down.
Because of the threat of direct lending and the reality of the offset fee, equity market participants began to question the long-term viability of SLMA. SLMA’s stock lost nearly two-thirds of its value during the early 1990s, as investors expressed their concern about the long-term value of the company. An innovation that occurred during this period and facilitated privatization was the development of the student loan asset-backed securities market. SLMA saw the ABS market as a private sector alternative to GSE funding.
The Privatization Act and Proxy Fight:
In 1996, President Clinton signed the SLMA Reorganization (Privatization) Act into law. Under the Act, shareholders were presented with a choice of: (1) a reorganization inwhich their shares in SLMA would convert to shares in a fully private-sector holding company and SLMA would be phased out by 2008, or (2) a liquidation of the company by 2013. A contentious proxy fight followed in which two factions battled for control of the company. However, both sides in the proxy fight were in favor of privatization, so the dispute, which could have been more problematic, did not impede the goal of privatizing the company. Indeed it may have clarified the positions of each faction, encouraged them to make better proposals to shareholders, and may ultimately have given clear support for the new management team.
http://www.treasury.gov/about/organizational-structure/offices/Documents/SallieMaePrivatizationReport.pdf