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So far the average for the day is just over 1 million shares per MINUTE!!!! CRRRAAAAAAAAZZZY!
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Tomorrow we come very close to $3 IMO... Hopefully pass it. I can already hear Jimmy Buffet's Margaritaville playing outside Margaritaville on the Las Vegas strip. Gap up at least 7 cents tomorrow and possible pre-trading volume of a Mill+ IMO
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GREAT ZEUS!!!! Someone else bailed... Fri k!! ... Grant should teach a business class on how to succeed in Bankruptcy and lose shareholders.
EOM
Going to be a sweet Power Hour! Close possibly $2.23-$2.25? IMO
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Fannie $2 dolla Holla... Lucky money$$$$$FNMA$$$$$
VEEEEGAS BABY!!!!
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Actually we are awaiting a trip to Vegas... 1st class return tickets... Accommodations at the Wynn/Wynn Encore, an $800 malt toast, the finest cigar, and maybe some $100 Blackjack table.
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Niiiiiiiiiiiiice!! Lol
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I missed the cartoon... Damn... Hope he is ok... I'm sure he know of today's splendid move upward..
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We need Mr. Fence to make a video of Events for FNMA from 2008-present when she gets released and uplisted... And we should play it on a big screen at the Wynn lounge when we are making the toast with the $800 malt and puffing on the finest cigar.:)
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More than the other but new board member is positive too... There should still be a few more settlements to come thru before the new year... I still wonder what is better first... Get uplisted?... Or released from GSE? Which one would increase pps more first... I realize they are both HUGE. GLTA
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My guess is with today's news of a new board member and the JPM settlement thus the huge volume today that we haven't seen in a long time... We could even see some pre-market trading tomorrow.. Maybe 50k-100k+ with a gapper upper of 1.81/1.82 before the bell then we keep going up steadily like today. I still believe $1.80 will be taken out before the bell... It's Reasonable's magic $1.89 that I want us to get by... Maybe the volcanoe will erupt after that and the bid will be 2 or 3 cents more than the ask price like it was on the 3rd run in May. GLTA
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#24 currently on the "most active" board!
$GNGR$
We got a half a penny again on NO NEWS!
$GNGR$
This doesn't make sense to me why someone would take a $3500 loss by selling their 50,000 shares at only $1.70 at 1:00:23..oh well maybe too fast on the trigger.
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I think that $800 malt and finest cigar is gonna happen sooner than we expected D-T and all!
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Dr. Amy E. Alving Elected to Fannie Mae Board of Directors
WASHINGTON, Oct. 22, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that the Board of Directors has elected Amy E. Alving to the company's Board. Dr. Alving, a seasoned technology leader, will complement other members' areas of expertise and strengthen the Board's governance of Fannie Mae's business transformation as the company improves its infrastructure and builds new capabilities to serve the future housing finance market.
"Dr. Alving brings to the Board an excellent combination of executive leadership skills and deep expertise in technology," said Philip A. Laskawy, Chairman of the Board. "Her insight and experience will be invaluable as we continue our efforts to build the housing finance system of the future."
Dr. Alving, age 50, served as the Chief Technology Officer and a Senior Vice President at Science Applications International Corporation (SAIC), an engineering and technology applications company, from December 2007 to September 2013.
Prior positions include director of the Special Projects Office at the Defense Advanced Research Projects Agency, White House Fellow, and a tenured faculty member at the University of Minnesota.
Dr. Alving graduated from Princeton University with a Ph.D. in mechanical and aerospace engineering and has a bachelor's degree in mechanical engineering from Stanford University.
Dr. Alving is currently a member of the Board of Directors of Pall Corporation, where she serves as a member of the Nominating/Governance Committee. In addition, she is a member of the Defense Science Board and the Council on Foreign Relations.
Fannie Mae enables people to buy, refinance, or rent a home.
Visit us at: www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae
SOURCE Fannie Mae
Tomorrow we get past that $1.89 target... I have never forgot that number and believe you are in to something... Great to see you stop by and confirm.. Today close 1.79?? Anyone have a guess... Looks like that chipping away at. $1.76 wall is most likely come down before power hour.
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ennnnjoy chasing the train shorts! Next stop cancelled today!
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Gooooooooooooood Niiiiiiiiiiite $1.64s!!!' See u in another world.
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Lehman Australia Creditors OK CDO Settlement
Creditors of Lehman Brothers Holdings Inc.'s Australian unit have approved a $48 million settlement with a group of insurers over claims the investment bank misled a group of towns, charities and churches into buying risky securities backed by U.S. mortgages.
PBB Advisory, the liquidators of Lehman Brothers Australia Ltd., said creditors last week unanimously approved its deal with a group of insurance companies to settle the long-running dispute over soured collateralized debt obligations, or CDOs.
A group of U.S. insurers, who admitted no wrongdoing as part of the settlement, will pay $45 million and an Australian insurer will add another A$3 million ($2.9 million) to Lehman's Australian liquidators. In return, the insurers will be off the hook from any future litigation involving the CDOs.
The deal with insurers avoids protracted litigation in the U.S., the liquidators said in a statement, and "paves the way" for a settlement of a class-action lawsuit involving dozens of Australian councils, churches and charities that invested with Lehman's Australia unit.
Approval of the settlement could speed recoveries for the Australian investors that sunk hundreds of millions of dollars into CDOs, a type of security backed by a mix of bonds, loans and other assets that later imploded.
An Australian court ruled last year that Lehman Brothers Australia misled unsophisticated investors about the risks associated with the CDOs and was responsible for the investors' losses.
Previous attempts to settle the class-action lawsuit were hampered by the risk of jeopardizing the insurance recoveries. Now that the creditors have agreed to the deal, the liquidators said, they should see a distribution in early 2014.
Lehman Australia filed for the equivalent of bankruptcy protection in Australia in 2009 with a plan that liquidators would sell off the unit's assets and wind down the business.
The team winding down Lehman's New York-based holding company has been wrangling with derivatives counterparties in courts in the U.S. and overseas for years over the rights to the underlying assets backing the deals.
The holding company's September 2008 collapse triggered foreign bankruptcy proceedings for more than 80 of the bank's far-flung affiliates. Lehman reached settlements on intercompany claims with virtually all of its foreign affiliates, including those in the U.K., Switzerland, Japan and Hong Kong.
Separately, the conservator of Freddie Mac, which claims it was defrauded by Lehman Brothers in the weeks before the investment bank's collapse, is asking a federal judge to rule on whether it is entitled to more than $1.2 billion from the investment bank's estate.
Freddie Mac loaned Lehman $1.2 billion in the month before the investment bank's bankruptcy filing, and the U.S. now wants that cash back, with interest, according to a filing Friday in U.S. Bankruptcy Court in New York.
The U.S. government seized mortgage finance company Freddie Mac and its bigger sister, Fannie Mae, in September 2008 as housing prices tumbled and the mortgage buyers' losses mounted. The takeover of the government-sponsored entities, or GSEs, came less than two weeks before Lehman collapsed into Chapter 11.
Instead of placing Fannie and Freddie in Chapter 11, where the GSEs would be subject to the shifting claims of deep-pocketed creditors, the government appointed the Federal Housing Finance Authority to restructure the mortgage companies through conservatorship, a process similar to bankruptcy intended to avoid large-scale collapse.
The FHFA is asking U.S. Bankruptcy Judge James Peck to step aside to allow a district court judge to rule on its priority claim. So-called priority claims, including those of professionals and tax authorities, are paid out before lower-ranking claims like those of bondholders and other unsecured creditors.
Lehman says special treatment of Freddie's claim is unfair to thousands of creditors in its Chapter 11 case. Many of those creditors are hedge funds that bought up Lehman debt at a discount after the bankruptcy filing and are now poised to make hefty profits as the case winds down.
A bankruptcy court hearing on Freddie's claim is set for Oct. 24.
Lehman officially exited bankruptcy protection in March 2012, but the remnants of its estate continues to wrangle with creditors over billions of dollars in disputed claims. The case is expected to continue for several more years as the team liquidates the estate's assets.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com)
Emily Glazer and Joseph Checkler contributed to this story.
Write to Patrick Fitzgerald at patrick.fitzgerald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Is the final settlement $13B now?... I only read $4B myself and most of the posters here... That's HUGE !!! damn straights pps will be up this week!
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Hard to believe SVU is still higher in pps than JCP although it has taken a beating also today.
GRRREEEEEN Fridays prevail once again! $1.58 close today ???
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Only 13 more trading days after today's close til we get the big record posting ER... Should be great news when we find out how close we are to Net Zilch.
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Don't forget me D-T... Vegas is still looming for sure upon us in the new year when Fannie is released from the cell is juantanamo bay( we just have to get past 'Big Nasty BOb' lol).. Just make sure you have that malt picked out:)
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P.s. Remember green Friday's everyone
Looking for a small Gappa before I get my Frappa at Starbucks at 6:30. I'm hoping too for an end to the shutdown after market close today and we soar northward with the rest of the market Tom morning. Let's get to over $2 before we decided what to pack in Vegas. IMO
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I believe last five minutes of power hour a million shares will be bought today and we close at $1.65... Tomorrow is the start of smooth sailing IMO
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Once we get past this c- $ucking $1.64 wall I feel Vegas is very imminent in the near future.
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Gooooooood niiiiiite $1.64 wall!!!! See u in another world!
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A million shares??..haha I don't think he had that many... Either way he would have made a lot if he hung in there like us.
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Haha he always talked about selling and adding more shares... Never about losing$$$...so this $1.89 target he was preaching for weeks and weeks prob doesn't mean a thing... There may not even be any resistance there when this thing does fly over that $1.64 barrier.
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That's too bad... He must be doin well with that one then? Oh well I thought Blue and him both could make the toast but we can find another then... Maybe Mr. Fence since he's one of the long time originals and king of videos:)
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I'm hoping for a ten bagger by 1st week in January so we longs can all start the new year with a bang in Vegas. After the toast with the $800 malt and finest cigar... I will buy the Dom champagne and finest cheesecake/tiramisu at The Wynn and we will eat drink and smoke while we watch the fine tail walk by us in this lounge D-T is talkin about.
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Either way whether it be tomorrow or We'd we get past that $1.64 hurdle... And fly north smoother to the $1.70'sIMO. I predict by as early as Friday when we get close or above $1.89 Reasonable returns back to our board full-time.
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We all know one thing... With a few pumpers on this board of 35 longs... Or so.. Saying the same thing over and over isn't gonna make the price go Northward or southward IMO... You have a greater chance of Apophis becoming positive on FNMA It's up to the next earnings and the President to decide what to do... Not Munich exchange either. EOM.
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Gonna be a great day today.. So far 1,000 volume in premarket... Precious metals are in the Green now and I have a feeling shutdown should end before the week... Regardless FNMA and FNMC are going northbound to the North Pole to for an early start to the Xmas season.
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That's great to be hearing about property value in Las Vegas going North again... I knew it was just a short amount time before it happened... I was so tempted to buy a condo in one of the MGM signature towers around 15 months ago for like under $110,000... But so complicated with taxes being a Canadian and using it for investment/renting purposes while I wasn't using it.. Hope it doubles in value for you.
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Long 7000 shares since May... Vegas sounds Great... I say we hit that massive gentleman's club after the $800 Malt and finest cigar... Apparently they have like 400 gals workin there.
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I did not know that...thanks for info much appreciated.
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