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They are and have been paying tax.
Strong Buy on Fannie, Buy on Freddie., then today’s buy on Fannie. All in last 2 weeks or less.
Been 3 last 2 weeks. None since c ship started.
Interesting read from big fat rat on yahoo.
“ With Cordray departing and Mulvaney replacing him, the voting deck @ FSOC is now stacked to designate Fannie Mae & Freddie Mac as strategically important financial institutions under Federal Reserve control. A two thirds "super majority" is necessary for SIFI designation to be approved, a threshold that was unattainable while Cordray and Yellin sat on the board alongside Melvin Watt, all of whom would be likely to oppose the equivalent of a Fed takeover that would likely compel the gses to shrink drastically in size in order to escape near-Draconian regulatory control under SIFI.To put the latter point in focus, AIG had to reduce its risk portfolio by about 50% via business divestitures/exits in order to regain fully privatized status. And why would Trump and Mnuchin choose this method of reform for the gses? First, it pins any draw by either gse from Treasury on Obama appointees to FSOC, and clearly would point the blame finger at Mel Watt for non-support of the law used to stabilize other financial houses. Second, it requires no new act of Congress to implement, freeing the discussion from partisan gridlock. And third, it prevents Watt from blocking actions that would detract from affordable housing Democrat party goals that as Director under conservatorship he could stonewall or negatively affect.
There are three stages to SIFI dsignation, and there is no way to know if any of these plateaus have already been met within FSOC. However, I doubt it while Watt, Yellin and Cordray all sat on the voting panel under Obama's administration. This means a "from scratch" initiative to a Fed defacto takedown would take about one year to execute. After 9 years of zero progress, what's one more year? Not very much.
Forget Moelis or Average Joe which are impractical pipe dreams. Get ready to say hello to SIFI. It's all in Dodd-Frank. It is the law. "Git 'er done!" “ .
Why should senators get anything ?
Printed 2010 . Maybe something more current ?
Who will determine books made available to shareholders and courts to determine or illustrate illegality ? Watt and Treasury blocking under shareholder rights do not allow access to shareholders . Those books are needed but unless court allows access based on evidence implies government might have committed a crime to permit access. Can Supreme Court compel ?
And , as a long term investor , do not expect any dividend for ? Years.
You are correct. One addition point .... no shadow, tails.
or wicks on the 3 consecutive candles . Nixon’s Candlesticks points out these important features of a 3 Soldiers pattern .
Earnings report on Wednesday 8th, posted on yahoo.
http://currencyobserver.com/2017/11/global-hydrogen-fueling-station-market-2017-2022/
Does not mention Plug. Interesting !
Carl Icahn not a mutual fund ?
Possible new investor , could you share what happens nov 13 ?
Shareholders entered contract in good faith ? Bs , shareholders had no say . For you to say shareholders entered contract in good faith , is making assumption we had a say and are making us responsible or accountable to agreeing to this contract.
Timeline in defendants hands without court intervention in settlement . But if plaintiff denied settlement , plaintiff able to compel court to set standard . Sweeney basically called defendants liars and this only opportunity defendant has to work a resolution without court order resolve. This is good. No forced time limit allows more reasonable worked resolution between parties.
Quite a delimia when DOJ Judge s and attornies on the take. Sorry, I have seen far greater men on the battle fieldb4 then these losers. Respect has to earned not feared.
" Jump Start" passed by congress 2015 ? Prohibit sale of warrants until 2018.
Read article provided Feb 2017 ( importance of date) marsh says still waiting on response from China.
Yep, All in quarterly reports...... TDAmeritrade or plugpower.com. Shows graph of declining eps.
"Plug Power Goes to China
February 6, 2017 by Hydrogeit
fuel-cell-shares-web
Share price development as of Dec. 20, 2016
Plug Power CEO Andy Marsh is looking to establish framework agreements with Chinese companies, as he believes the country to be a very promising market. China is said to have already invested more than USD 100 billion in fuel cell technology over the years, as it has recognized that there is large potential to tap (see Ballard). Talks with Chinese-based automotive suppliers are ongoing. In the US, Plug Power hopes that there will be other tax incentives for fuel cell vehicles. The investment tax credits have certainly been a factor in getting orders for forklift truck retrofits. Donald Trump, however, is said to be opposed to these types of incentives as much as in the wind and solar industry. But his slogan “America First” could be the basis for renewing them, since they would support the fuel cell industry in the US. There are always two sides to an issue.
As per Sept. 30, 2016, the net loss attributable to common shareholders was USD 0.07 per share, USD 0.02 worse than expected. It’s interesting to see how the company has gone from a negative gross margin of 55 percent to a plus of 5.9 percent during the reporting period, targeting breakeven and beyond. At the core, it seems to me as if Plug is well-prepared for the times ahead – not least because of its number of orders bookings despite partially reduced revenue growth due to certain lease agreements (Walmart). By its own account, the company is working on refinancing and “releasing” a large part of the restricted cash for use in other business areas."
Reads still waiting as of feb 2017 , a big big nothing since.
No where a commit about Marsh scared about China stealing tech on search or plug site.
You making this up ? You a paid pumper ?
Lol___ I am sure you were going to provide source for that info.
You are not paying attention. Rating agencies are always wrong on earnings etc. and miss is always worse . The rating agency increase loss this quarter and fourth quarter . Also, increased losses for all quarters 2018.
It was suggest that Amazon $70 bil for2017 and Walmart $ 80 bil for 2017. $70 plus $80 =$150 bil for 2017 just on Amazon and Walmart . And , -.06 eps on 4th q ? Transparency ? And, that did not include any other revenue .
Profit being moved to 2019 ..... then 2020 , then 2021 etc. etc..
Reason no positive PR cause none .
Also, when China collaboration deal announced in 2016, contract was to be announced in sept 2017. Where is announced contract .
Warren Buffet and George Soros to start . Perfect alighment behind left wing objective....
These Obama appointees could cause another housing collapse By Paul Sperry October 14, 2017 | 11:43am
Obama-administration holdovers Mel Watt (left) and Richard Cordray are taking risks with loan policy.Bloomberg via Getty Images
A pair of top Obama-appointed bank regulators still serving in the Trump administration could spark another mortgage meltdown by lowering credit standards and encouraging risky lending practices.
Democrat Mel Watt, who is serving a special five-year term as head of the Federal Housing Finance Agency, is pushing the mortgage-lending giants he regulates — Fannie Mae and Freddie Mac — to offer home loans to deadbeat borrowers with shaky credit, setting up conditions for another housing-market crash, industry officials warn.
Meanwhile, the other Obama holdover — liberal Democrat Richard Cordray, who continues to head the Consumer Financial Protection Bureau through 2018 — has launched an unprecedented crackdown on credit reporting bureaus for allegedly widespread errors and bias, leading the industry to strip some negative information from credit reports used by home lenders, which analysts fear could blind them to default risks.
“We are dumbing down the requirements all over again,” warned former chief Fannie credit officer Ed Pinto. “It’s getting very dangerous.”
Credit scores of approved borrowers, for example, already have been trending down, even as their debt levels have grown, according to Ellie Mae, a leading mortgage data firm. And the Office of the Comptroller of the Currency recently warned: “This easing trend over the past three years is similar to the degree of easing in the years preceding the 2008 financial crisis.”
Watt, a former Congressional Black Caucus leader, has been demanding Fannie and Freddie ease credit standards — just as the feds did starting under President Bill Clinton, in pursuit of the same goal: “to help African-Americans achieve the goal of homeownership,” as Watt declared in a recent speech in New Orleans.
In his remarks, the former North Carolina lawmaker, who once demanded Freddie back home loans for welfare recipients in his district, urged underwriters to increase “flexibility” when qualifying low-income blacks to help overcome historic discrimination.
“The truth is that the egregious historical forms of housing discrimination, such as racially restrictive covenants and overt racist attitudes, have largely given way to other intractable obstacles that negatively impact African-American homeownership,” Watt said.
One of those “obstacles,” he argues, is down-payment requirements: “Perhaps the most difficult challenge many African-Americans face in obtaining a mortgage [is] the lack of down payment.”
So now, borrowers need only put 3 percent down to get a Fannie-backed loan — even if the down payment is a gift. Fannie also has started up a new subprime lending program. Such loans were blamed for plunging millions of minorities into foreclosure in the last housing crisis.
What’s more, Watt has instructed Fannie and Freddie, who went bankrupt last decade after guaranteeing too many risky loans, to back home loans for borrowers whose household debt consumes up to 50 percent of their income. “Flexibility to allow for higher DTIs (debt-to-income ratios) is extremely important to supporting homeownership for African-Americans,” he said.
‘We are dumbing down the requirements all over again…it’s getting very dangerous.’
- Ed Pinto
The FHFA chief has also ordered Fannie and Freddie to back home loans for “borrowers who do not have credit scores,” he told brokers, a pool that includes undocumented immigrants and deadbeats. All they have to do is show they’ve paid utility bills or rent on time, he said.
Fannie and Freddie rely on FICO credit scoring to predict risk. But Watt thinks FICO credit is too strict and cuts off millions of low-income minorities and immigrants from mortgages. So he’s pressing Fannie and Freddie to adopt a more forgiving model. “We have the pedal to the metal” on adopting a new model, he said.
Analysts say the loosening of credit criteria will have a ripple effect throughout the housing market. The federally controlled mortgage giants set the underwriting standards for the entire mortgage industry.
Cordray, meantime, has sicced his powerful agency, CFPB, on Equifax, Experian and TransUnion, to help ease credit restrictions on minorities as well.
In a recent speech, Cordray said he hopes to bring more than 10 million minorities who don’t have credit scores, due to a lack of recent credit history or too much derogatory information in their credit files, into the market for home loans by having the credit reporting bureaus include “alternative data” in files to help them build a credit history and gain access to credit. Such files, he says, would draw from unconventional sources including monthly cellphone payments, even though such records are not loan accounts and do not predict the ability to repay debt.
“The bureau’s work related to alternative data has focused on ways that such data may help consumers who lack sufficient traditional credit history to obtain a credit score,” CFPB spokesman Sam Gilford explained.
Analysts fear the changes could inflate the credit scores of high-risk borrowers, making them look more creditworthy than they really are, and hurt bankers’ ability to make sound loans. In a recent industry report, LexisNexis Risk Solutions warned deleting negative public records data from credit reports could be “catastrophic” for the housing market, because homebuyers with judgments and tax liens are five times as likely to default on a mortgage as people without those records.
Watt has helped sell the changes by having Fannie send letters to nervous mortgage lenders it purchases loans from urging them to continue to have “full confidence” in the credit reports.
Watt’s office did not respond to requests for comment. Cordray, for his part, insists alternative credit scoring “may paint a more complete and perhaps a more accurate picture of creditworthiness.” Gilford further noted that the agency has stressed creditworthiness by issuing a rule “requiring lenders to assess borrowers’ ability to repay their mortgage,” though the rule sets no minimum credit score.
Industry officials worry that when the economy and housing prices turn south again, a lot of these politically influenced loans will go bust — just as they did last time.
“It’s the definition of insanity,” Pinto said.
http://nypost.com/2017/10/14/these-obama-appointees-could-cause-another-housing-collapse/
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I do not recall, but did the RNC letter state they were for law and order , shareholder property rights an constitution. All efforts should be targeted to go after these scum bags. Then maybe God will bless them his way of eye for an eye ".
What court case are you referring ?
Be careful how you interpret his meaning of investor. Investor could mean MBS investors , bond holders, stock shareholders . It has been emphasis in past to be just the first 2 when referencing investor. I believe if they screw stock shareholders they can kiss MBS good bye. The economy will crash.
That is one thing cockroaches have in common " spineless".
Ed demarco was not appointed legally by proper means . Wonder why no one hit on that with a suit ?
Just make sure you "will" your property .
Why the heck are we discussing . You have figured it out without reasoning or you are fly on the wall ? Who is paying you to post that vacuum crap.
I think that post was meant for joe49 . If interested Sammy has been keeping a list. Lol. I am 69 , Vietnam Nam TET was enough for me . Lol. If anyone serious , those some good tips .
Maloni comment in article Sam posted....
by
" Fannie and Freddie have been tightly regulated—in fact overly so—since 2008, when they were forced into “conservatorship.”
That existing oversight has allowed them to run low risk and conservative businesses and send over $250 Billion to the US Treasury, while producing exemplary high quality annual books of mortgage loans and securities with marginal loss rates (the repayment fact and the de minimis loss factor support one another).
The tight regulatory regime does not permit the two to buy or securitize the lower quality mortgage loans which cropped up in the broader conventional mortgage market before 2008. If they exist, those “subprime” loans cannot be sold to or securitized by the GSEs "
Last paragraph says it all . They have not been buying low income or subprime loans. Not allowed. Watt and obama want low income and subprime loans , even trump wants low income and subprime loans . But that can only be lisgislated through house and senate . The House or Senate can not agree and Watt is refusing to release until such is law . Do a little background work on Buffetand prefab manufacture homes financing and home property insurance . When you heat him , speak see if he doesn't appeal to reform , what is reform, for .
who is reform to benefit.
Health Care
Medicaid is the issue . Prior to obama care , Medicaid was state regulated and funded. People over 65 in extended care facilities were the biggest users in numbers and benefit cost. Most residents spend an average of 2 years before passing away. Medicaid was not offered in ever state . Other states with a Medicaid program are going broke . In Illinois , currently facilities have not been paid by Medicaid , result staff and services being cut.
Residents having to pay $4000 monthly out of pocket to continue residence . 60% of Medicaid is about 065 and 40% about none insured and underinsured. U65 is about drug addictions , alcohol addiction , uninsured and underinsured. .
People u65 are bitching about limited benefit and cost . For most their cost and benefit restrictions are endure by their life style.
All obama has done is shift those costs in the private sector under label of equality . All he does is encourage bad behavior . If your healthcare and mortgage is paid for , why change your life style ?
Low success rate being able to shoot all . If scattered time and space, spending all your time with logistics. Might die of old age before reach your first target . Lol On other hand if single setting , logistics limited. But with sucurity and security cameras may be most difficult to reach intended target (s). Another issue is Obama passed executive order or law permitting all government employees to arm themselves . You become the target . Now if you were a chemist , engineer , explosives I would think it would be easier without engaging a corral gun fight. Maybe better do nothing if not comfortable with your outcome.
Yellen spoke about this awhile back . Impression I got was if trump was to release FnF conservatory she was going to sell her MBS holdings into the market place to compete with FnF MBS . Why? I don't know but sound hostile.
Excellent article and comments .
And.... I agree with you. I will add that anything agreed upon will have to be voted on by shareholders. Last I know is big boys own lot of shares. If they do not hold majority then we have controlling interest at ballot . As majority holder , their actions have to be within the interest of the minority. So i am comfortable with that stand.
Obama & Watt . Affordable housing ( a house that puts low income and non working into middle class neighborhood ) and Health care ( not basic care but same level care working people work to obtain) . It is about equality and dignity without sacrifice . Reform is about putting in laws and system to obtain complete socialization of housing and health care . And.......working man/woman gets to pay for it while none working sets on a$$. Watt has clearly stated why he is stalling . Conservator has been and is about
Carl Icahn has a huge investment in common shares,
Carl Icahn recommended mouchie to Trump
All three have big positions invested in FnF
The Law passed by congress that freezes Treasury does not expire until jan01 2018.
HERA was written demanding 2 private companies FnF to pay money from profits by millions to social policy . That was never in their charters . Grounds to charge HERA as unconstitutional . The governments social policies are appropriated by House from taxes paid by public.
I agree if sweep is material to the budget . Anyone running a business knows the gov fiscal budget was appropriated and in effect 0ct 1 2016 for fiscal year 2017 . However , if those sweep funds are setting in a trust as E Warren motion , than fiscal should not have any bearing sweep or not sweep.
Couple choses why haven't heard to throw into the hat : 1. the products failed 2. Plug management failed to take advantage of the positive PR available 3. or they just don't give a shit
3. Is valid based on their historic track record .