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"...can I say I’d be safe...?"
If the answer to that were known these shares wouldn't be trading at a fraction of RV.
It's been said by many people many times- this is mostly a political issue, not one of business logic. That brings risk.
Nice, thanks. The link you posted required login credentials (I seem to have misplaced mine ;) ). Were there dates associated with the related cases?
Thanks, that was good!
May 29th? That's ancient history in today's world.
I too find it difficult to believe, but we all have the same evidence.
I think he's ideologically driven, and despite the presence of 'logic' in that word it doesn't seem to be the same brand I prefer.
Putbacks complete?
Inside Mortgage Finance send me a bi-weekly blurb since I signed up for a trial account. Today I got this:
"Is it time to close the history books on Fannie Mae/Freddie Mac mortgage buyback requests? Not quite, but it may be getting close. According to new figures compiled by Inside Mortgage Finance, at June 30, there were just $5.78 billion in outstanding repurchase requests at the two. New requests totaled a mere $5.3 billion in 2Q. By comparison, in 2012 the agency smacked the industry upside the head with a stunning $33 billion in repurchase requests. For an in-depth table on buybacks and full analysis, see the new edition of Inside Mortgage Finance, to be published online Thursday…"
Were there a bunch of unpublicized settlements?
I live in Ferndale and live <.5 miles from TreatDreams.
I routinely drive 20 minutes to get ice cream. More ice than cream, more sweet than flavor.
Agree- I got a little nervous too, tbh.
Maybe they don't have to disclose?
This article implies not.
Had you see their positions declared prior to this quarter?
This is the first article I've read where the authors of the comments actually seem to have an understanding of the situation. Well worth the read.
"shila bair on c-span..."
"She said she keeps her own money in a bank, because she lacks confidence in other investment vehicles."
She lost all credibility with this statement, IMO.
Careful, you'll get deleted (not by me)
His... 'enthusiasm'... is legendary. Check out the common board.
Yeah, for sure. I would have had no idea.
TBH I'm not really interested in conversion, more in battling the rampant disinformation that seems to come in waves across this board.
PS: The sky is falling.
"My opinion only. Any thoughts?"
I think this: "In such a case, current FNMA & FMCC Junior Preferred & Commons will be converted to New Entity's symbol equally 1 : 1" is absolutely ridiculous. By what transmogrifying logic could such a move be rationalized?
That has never been on the table anywhere; it would be very difficult to justify from a legal standpoint even if it were possible to get 66% of the preferred holders to agree.
Which they won't.
From the 'full article' link in that link:
"Passport Capital LLC, the $3 billion San Francisco-based hedge-fund firm run by John Burbank, sold its entire portfolio of mortgage debt backed by the U.S. government in the second quarter, according to a letter to investors obtained by Bloomberg News. "
I've had TDAmeritrade for years; good IMO.
Sure. I like Matt Tabbi; he'd be willing to include our side of the story for color I'd bet. It's pretty interesting IMO, a bunch of internet acquaintances are made based on the interactions of giants...
That's good, she's smart. Please keep us posted. Have you looked at the FreeFanny site? It's well organized and holds a lot of information.
Jargon-ridden rhetoric utterly devoid of meaning. (Same as ever.)
I would accept that it signals an acknowledgement that movement is required.
American Banker: Hensarling Bill DOA
"I would just urge the chairman to pull this bill and work with us to advance a bill that stands a chance of becoming law — because this bill will never receive a Democratic vote in the House or the Senate," said Rep. Stephen Lynch, D-Mass. "And we're wasting an opportunity — we're squandering an opportunity here to do something important."
Full Article
Kyle Bass, Derek Pelicki (sp; Gator Capital)
Is this a new version of CW or what? I thought that had already been "introduced"?
Got a link?
If you've been here for that long you know TFud is kind of irascible; it's part of his charm. "Taken out of context..." isn't really correct IMO, rather, the context was unclear.
I confess that I was surprised (very surprised!) to hear him come out with such obvious racial horse(crap). There was a later comment where he elaborated that what he meant was "Here's what I believe to be a typical Texas politician's way of thinking." In that context the remarks, though no less offensive, made more sense.
Personally, I'm giving him a pass on this one. My opinion is that if indeed he was as ridiculously narrowminded as the comment implies there would be a LOT more evidence of it and I would never have granted him the respect I do.
This article is a must read for all involved; concise and to the point, it's very easily understood and can help us all to articulate our concerns.
It's intense.
Good to see you back, btw. You should check out the googleboard; exc. signal to noise.
...the sleepiest investment...
Are you kidding?! I'm on the edge of my seat constantly; the bs politicing and manouvering and all the players and the swinging tides of public opinion and all y'all's collective emotion? Even if we bust totally I have thoroughly enjoyed watching the whole thing play out. And now the stage is being set (maybe)for The Thrilling Climax.
I think it's exciting and historic.
Grand Theft Treasury
http://www.hoover.org/publications/defining-ideas/article/151966
This came across the googleboard.
And the commons are dropping on low volume...
Anyone buying?
The TDA interface isn't perfect, but it's way better than what you're describing!
TD Ameritrade offers linked/conditional orders. I don't use the feature, so I can't really speak to it, but I know it's there.
"....high-ranking government officials like Bernanke in general cannot be deposed over the reasons that they took official actions."
Holy crap, is that true?! "I swiped yer stuff in an official capacity, so I can hide behind National Security (or whatever...) and don't have to justify my actions to the likes of you!"
Sure, but these big buyers are in with the market makers, make use of dark pools, and have well developed techniques to control pricing (within certain limitations).
Given the low cost of these issues it doesn't take a bazillion dollars to screw with the price. My take is that as we (retail goobers) are powerless to stop it, recognize it for what it is and take advantage where possible.
Agree. Recommend coca-cola.
The volume is low. Manipulation.
I was kind of surprised at the attack-mode comments. Seems like the ZH crowd would be behind returning something to it's rightful owners.
Mebbe they bitter they didn't see the opportunity below a dollar.
I thought the article was dead-on.
The money involved with these companies has been at the core of my (our!) investment thesis from the start- they make huge amounts of money by profiting on a very basic function in our economy: Facilitating home purchases.
Of course there are luxe-rate shark lawyers in play, there are billions and billions of dollars at stake. That's the obvious part; lawyers just go with the territory.
"...totally unexpected by tsy..."
Are they really that... inept? It seems so obvious. Is it a case of people inheriting a bad situation stemming from a decision made in haste?
"...the biggest baddest litigators..."
Yeah that law team has me frightened and they're on our side. Wonder what it's going to cost us.
Here's to a sweet unfolding.