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Wouldn't this just cause more lawsuits to arise creating more problems then just revamping them like they already have begun?
None in receivership either I assume.
I am curious as to how this would effect the lawsuits (the rights of the share holder etc..). The lawsuits seem to be a pretty big mess for the treasury to have to deal with. Unless Bruce R. Berkowitz gets his(their way )etc.. then they might drop the suits. Hmmm lots of interesting scenarios.
Shareholders have no say in conservatorship correct?
At what price point did they start shorting? It seems to me if they would just start a huge run that would lose a little but gain a butt load, am I wrong?
If your shorting it can only go to zero, right? You make x amount of money. But if your long it can way, way up along with your profits, right.
There are plenty of articles like that about Zandi!
There seems to be a lot of disrespect out there for Mark Zandi, due to inaccurate forecast and bad information by him.
Mark Zandi: Always Quoted, Often Wrong, Never In Doubt
By John Tamny
"But not to Mark Zandi. Filled with a false sense of grandeur for reporters even more clueless than he is hanging on his every false word, Zandi continues to utter hideous economic proposals that misinform the average American, and worse, make the average American exponentially worse off to the extent that an even dimmer political class buys into his wholly discredited notions about why people produce."
Typical day trader mentality tomorrow will be to sell when it rebounds to where the bought in at just to get their money back and break even. Lots of panic selling today.
No worries, Dow is down, the financial sector is down again. F or F did not break the dollar resistance with ALL this volume (not a lot but comparatively speaking), and really freddy should have broken a dollar. Look at june 26 this year, scared the pants off me, but look what happen. This is a last panic effort. Curious to see what the % of shorts were.
Agreed, if the stock needs to stay above a buck to uplist after c-ship ends they are really pushing it. But really, why hasn't freddy dropped below a buck?
By all rights Freddie should be below a buck by now and it is not, hmmm.
Also, what are the preferred stocks doing today?
There is an upside, look at 6/26/13 opened at a 1.49 and went to 1.03 then up the next day.
I said yesterday, with all this really good news out the last few days. This could be the last great push from the shorties, because they know their time is really short.
Dang, I felt smart buying 5300 shares yesterday at 1.19. Not so much today, but it's all good!
I'am long but I do agree with you 100%
Today was a last ditch effort by the shorties, didn't work to well, did it!
I'm thinking the Gov. needs to take a Dave Ramsey course. STOP spending money you don't have!
I'm sure there are millions of shares that were purchased under $.50 that didn't get sold at 3,4, or 5 dollars that is pissing them off right now, so they are jumping out to save what little profit is left. The shorts are just plain scaring some people out of the market.
With all this great info, I can't imagine shorting from a $1.50 and under, there is a limit of $1.50 pps to make, but of your long the potential is upwards of $55.00 pps or more. Maybe my math is wrong!
Awesome and GLTY.
Why so much volume and drop in pps, with all the great news that has just came out the last two days?
This will be the last hoorah the shorts get, they pumped it all in to drop it then buy it back as much as possible to cut their losses. They know they made a mistake thinking FnF were goin away, now they realize they were wrong. Just my thoughts. Kinda like, a last ditch effort, I'm all in scenario.
Hey, I know, let's short the crap out of THE stock that supports American dreams, goals and is a stable foundation to America. Let's All due it on 9/11. POS shorties!
Ok, Bruce R Berkowitz. Now would be a good time to load the boat.
I believe anyone who willingly tries to push a stock price down is very un-American. Sure this country is a capitalist country but not like that. I do not wish the shorts who want to see bad things happen, well.
Although I do understand wanting to make money because of a crappy stock and you think it will go down but they shouldn't create the problem.
Don't worry, the whole financial sector is in the red!
Glad my order didn't go through yesterday at 1.21. Just bought another 5300 at 1.19!
A couple of questions?
1. Who was it the passed the bill to sweep ALL monies from FnF into the treasuries?
2. This is for fun, what are some of your exit plans? Will you hold for continuous dividends, if so what are you expecting them to be? etc....
Nice, but someone didn't proof read it very well.
Well put, Obamas words, "wind down as we know them". Yes, from 90% of the market to ,say around 60% with higher fees etc...more manageable.
Thanks
I have had a bid in for over an hour at 1.21
This story is a bunch of crap!
"Rising interest rates and rising home prices put downward pressure on the affordability index, meaning homes are becoming less affordable. Rising incomes put upward pressure on the index, meaning homes are more affordable."
Uh no! Just because you can't buy a 2500sqft home with a 3 car garage on acre of land with very little down on an income you can't afford it on. Does not constitute a bubble.
People want fine wine on a beer budget.
Why is the GOV suing Ho's
“I fundamentally believe we can get to a better system,” he said. “We cannot maintain the status quo. We also can’t take an extreme view — the federal government is an important player in our hosuing market, backstopping in times of crisis and expanding access to credit in good times.”
Just a little humor!
Sounds good.
Throw in the idea of the win/win scenario for everyone. I think that's what Mr. Bruce R. Berkowitz was trying to convey.
I would also add mrfence to the council!
Wow that is awesome, good job. There is so much on the board already. Where do you start, lol. GLTY. Maybe, put something together and let everyone proof and comment, just a thought!
mrfence and obit, I think you guys are discussing two separate topics. Obit are your referring to MH assertions?
Thanks for all your input, I was thinking that there might not be a pop ( I guess this might depend on the definition of pop )but anyways, I was thinking a pop would breathe new life into this stock instead of them trying to make it look like it is in a coma and a case for a slow death. That's why I was thinking a decent run instead with slight sell off when all the people who bought at 4 n 5 $ sell. People are impatient. Purely my thoughts only.
Nice article!
I'm thinking responsible loan offers, underwriters, lenders etc...The buyer can't buy if he is told "NO YOU CAN'T QUALIFY" with no money down and a 550 credit score, plus expect cash back!