Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed, I apologize to Cash! Sorry
Well I do agree a missed the part about the shorts stupid untrue post. But I applaud any flipper or any trader who makes money the right way without dishonest post. Your second post to me just did not make any sense to me. But when you revert to name calling, well enough said. Good for you for making a ton of money. I too am long.
Good post!
I'm with you, it doesn't bother me that people short. I just don't have the balls to do it. But it does seem that all the articles by the media and some shorties real mislead, misinterpret
and misrepresent what is actually said, for what reason I don't know. GLTY
Dude, sorry your not a happy person!
Thanks for you your service and thoughts. I forgot that he wants to keep low cost mortgages. Hard to do without FnF. I've been a realtor for 13yrs and the vast majority of my clients could not buy a home if it were not for fnma.
I'm glad you said wind down and not do away with also. I have watched and listened to all his speeches concerning FNF and never has he said down away with.
Of course I could misreading that anyway because I'm long.
http://www.zacks.com/stock/news/107046/capital-one-to-acquire-beech-street
I thinking Capitalone would not be making this purchase if a major component such as 30 yr gov backed morts would soon go away.
Any thoughts?
Calling me dense, well that's not very nice. But at least my sentences make sense.
You are so right , flipping to make a profit is so unamerican!
Maybe Obama is meeting with all of these guys to discuss how to uplist FnF and cash in on all the warrants and release them from c-ship at the same time. While maximizing profits and figuring out how to eliminate the law suits. Or is it just wishful thinking?
You obviously no nothing about the mortgage industry and that's ok.
I will state I'am long, so I'm biased quite a bit but ready to listen to both sides. Unfortunately or really fortunately for me. The longs have presented a really good cased for going long with articles, news, reports etc...basically lots of facts. On the other hand you shorts seem to be grasping for straws. But, I wish you well, just not in this stock.
So, Beambe, I will listen. Why is this not good news?
Our you keeping any to go long? I don't short myself, not brave enough. But I don't mind flipping and keeping some for long term!
Good Job!
What has been the most FnF have climbed in one day? just curious!
I'm a realtor and the news about FnF is not unfortunately a big topic, although it should be! I agree with you completely.
Facebook, twitter, emails etc....I think someone here called their congressman.
Saturday
Sorry, you'll have to wait til Monday. But i guess that will do!
The terms of Fannie and Freddie's bailout don't allow them to pay off any of the $188 billion that they owe, even though they will have returned $132 billion in dividends by the end of this month. All of their profits are sent to the Treasury as dividends, making it impossible for them to rebuild capital. Nonetheless, investors have bet that the firms will become so profitable that Congress and the administration will have little choice but to let some value flow back to shareholders.
I like this!!
I like the news out about Berkowitz. But here are a few really stupid quotes from the treasury dept.
"Each of the major decision makers who has weighed in on this…has said emphatically and repeatedly that they will not allow these shareholders to be paid off,” said Jim Parrott, a former White House housing adviser. Without a successful legal challenge or “an entirely different set of decision makers,” he said, “your bet faces mighty long odds.”
OR how about the other moron.
"The government upended investors' positions last year when it amended the terms of its rescue. The revamped bailout doesn't require any dividend payment when the firms lose money, but when they turn a profit, all of those earnings are sent to the Treasury as dividends.
Fairholme's lawsuit challenges those terms. A Treasury spokesman said, "We fully believe our actions have been lawful and appropriate."
Thanks for posting this, I saw it on my alert from etrade but could not copy and paste.
Awesome news concerning fnma if your long that is.
Somebody please post the online article that just came out about berkowitz!!!!
Gotta fill the gap at 1.38
I really don't understand how come some politician hasn't came on and taken credit for the recovery of the housing market do to FnF.
They could really make a case for reelection etc...
I'm a realtor, and housing price have gone up 7% this year already. As long as mortgage rates continue to climb, people will realize it's time to get off the fence and buy. People who tried to time the bottom have missed the boat. The supply is way down and the demand is up. Inventory is not staying on the market near as long and the banked owned properties are drying up. Whether the politicians like it or not the 30yr mort is the backbone of American home ownership. All they need to do is get out of the way and bring back the criteria to the way it was before they tried to make it so everyone who breathed owned a home.
I just bought 10k at $1.17
Common sense says this should eventually go up!
Unfortunately, you are correct.
We also need everyone especially the media to be asking "when" will FnF be released?
The question the media needs to be asking Obama and any other official especially Mel watt is....When do you plan on releasing FnF from C-ship? I don't think the media has a clue as to what's going on, they need to be educated!
Plus, it made me chuckle!
Yep, sounds like the best answer to me.
How come?
Finally, a media outlet who got the wording right "reform" not get rid of!
I did, your WRONG!