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That sounds positive for us to me.
The Lord Of the Flys?
Yes. Please remove him, if possible. Thanks.
It's rigged... Buy and hold.
I don't know what to make of it either. To me it looked like a lot of buying and must be someone with very close ties to the MM.
FNMAI
Who and why is somebody desparately buying in big chunks FNMAI,.. Hmmm...
Girls like diamonds,..takes money to buy them. Bachmann smells the money, and when it comes down to money for herself she wont want to hurt us.
Thanks for the tip on RWT. That looks interesting, and may make a good alternative to a mutual fund in a retirement account. With the increase to 28 cents a share, at least that is a guaranteed 6% return next year. Do you think the share price is getting a little expensive on RWT?
Sorry for getting off FNFn topic here.
Anyone else in preferred only, looking at the common? I'm just wondering about it, there has been accumulation also in the common this month.
No doubt there has been accumulation, and looks like we may be trending up slow and steady (a good thing). Somebody has been hitting FMCKM and FMCKO hard lately with the 50 to 100K buy blocks.
I hope we are establishing a solid base for further advancement.
Makes you wonder, if he was so rich why didn't he manage is money better. Oh wait, he lavished his wife with everything. Ego and extreme greed.
Understand. He has done done some good things. It's just too bad they haven't laid out a plan and a timeline.
All we have heard from this bureaucrat has been vague BS statements. What is sound and solvent? Three quarters of profits, a year or more of profits, or net investment fully paid back?
Nice. Tide is turning. Common would make out too.
I have a good feeling...
Right from my town's news, now if Hensarling really wants to help community banks he can help FNF, and get our dividends restored.
http://www.dallasnews.com/business/headlines/20121128-as-house-finance-chairman-hensarling-aims-to-boost-community-banks-shrink-government-role-in-housing.ece
Hensarling and Watters will be working together, they will come half-way, and all we may be left with is the status quo that worked for decades. Ultimately, I believe, both sides want a happy conclusion to the crisis.
http://www.huffingtonpost.com/2012/11/29/jeb-hensarling-maxine-waters_n_2213953.html
Now let's let the big boys load up. Cheers!
In regards to the GSEs, I really would not be surprised if both Democrats and Republicans were really on the same page. Ultimately, they will want to do the responsible thing and make all parties involved here satisfied, and most importantly, make money for the taxpayers (shareholders) big investment.
Weird, the link to Jeb Hensarling's FNF proposal not working, try this.
http://hensarling.house.gov/legislation/issues/
WSJ contradicts, what Jeb Hensarling really wants to do with FNF. I don't have access to the article.
http://online.wsj.com/article/SB10001424127887324705104578147503175643988.html?mod=googlenews_wsj
All he really wants to do is reform Freddie and Fannie, not a big deal... I live in Dallas, and seems
like to me the media is twisting information, and not reporting the truth.
http://hensarling.house.gov/legislation/issues/reforming-fannie-mae-and-freddie-mac.sht
Judge says FHFA cases against banks can proceed... BAC included.
Banks better settle with Freddie Mac and Fannie Mae,...payback is going to hurt.
http://www.chicagotribune.com/business/sns-rt-us-fhfa-lawsuitsbre8ar1ee-20121128,0,3282638.story
There's been quite a bit of accumulation going on in the commons this month. I only hold preferred, but I am looking at the common and finding it tempting. Anyone else see this?
Goldman Sachs CEO to meet with Obama today. Gee,... I wonder if Freddie Mac and Fannie Mae will be apart of the discussion...?
http://finance.yahoo.com/news/goldman-ceo-headed-white-house-070807113.html
Write your congressman, you will likely just get a pre-written response, but at least they will know you are watching them.
It's all about the net investment. The GSEs have now recovered to a point where they are highly profitable, and will pay off the net investment. The fundamentals of this investment have significantly improved, IMO.
No need for concern until the government takes at least $1 over the net investment from the GSEs,... then its a taking.
Thanks for posting these links. Interesting indeed. Monday could have some volatility.
No doubt, if this goes on to trial, they will want to settle on the damages. Stakes are too high
for the banks.
Enjoy the rest of your holiday weekend.
MSTech, lighten up. If you are just going to attack posters here, please go.
Folks here appreciate intelligent and informative posts. Let's stay focused on information
regarding the GSEs, not personal attacks. Thanks.
There's been time to accumulate. Good grief, it's been about 4 years now. 10,000 shares here and there over 4 years adds up.
If you were a big fish buying FNF preferred shares would you want anyone to know?, very likely not... For all we know, he may have bought shares here and there the last few years. If your that big, thats how you buy something like this. You buy it quietly, buy little blocks, when blood is in the streets, and when nobody is looking or cares. This investment does fall in line with the kind of thing he would invest in, when he was younger.
Don't think it was Gator.
I'd rather see serious long term big investors here, than the likes of Bass running a casino.
Please let them know, seems like most brokerages are having some issues.
Apparently the OTC system is having some issues that they are still working out. I spoke to a tech person about the issue and gave them the entire list of all the preferred securities. They said they are aware of the problem, and are working on it. She said the OTC system is still not quite up, but having the list may help speed things up.
Reuters has even reported any activity since last week.
The OTC system may be messed up. Reuters isn't even working, at least for all the Fannie and Freddie preferred shares. Note, Vanguard uses Reuters to extract share price, volume, etc.
My TDAmeritrade streamer works and balance is correctly shown, but on the stock summary page it shows no volume and no change in price since last week.
I have both Vanguard and TDAmeritrade.
Why is the Fed passing profits to Treasury?
Haven't you ever thought that those profits are being passed to the Treasury to pay off the net investment for Fannie Mae and Freddie Mac? The government doesn't practice accounting in a logical or even ethical manner like the private world,.. now do they.
It has been stated that the government does not be want to be the only game in town for the secondary mortgage market. I would think (or hope) that they want to close the book on conservatorship sooner, rather than later. It would mark an historical end to the crisis.
I just don't buy it that the Feds are buying the GSE portfolio just to help keep rates low,... theres more to it. There usual is...
The current balance of the net investment could be even smaller than most of us think, now with QE3 in full swing.
FMCKJ volume 666. Happy Halloween.
Agreed. People, please stay on topic. I've seen several posts lately off topic, and it is a turn off. Lets talk about the GSEs and our stock. Cheers.
How does DeMarco feel about the media like Reuters saying he will lose his job. It is disrespectful, but it does come with public office. How would you feel if the media was saying your boss was going to fire you. DeMarco needs to get angry and fire back.
October 2012 U.S. Economic And Housing Market Outlook
http://freddiemac.mediaroom.com/index.php?s=12329&item=134724&source=email_rt_mc_body&ifp=0
That may at least be the discussion in private talks. Those are the big shots.
Thank you. Millstein just needs to keep on beating his drum, eventually everyone will hear it.
Can you post the WSJ article?