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Oooohhh...Staging ground...I like that...keep singing it... Now I'm hyped up!!!
Hell I'll even sell off Black Pearl to throw that money in there too...
No? You sure? Absolutely positive without a doubt in your mind? Because, I'm going to put down some big money on this baby if they even fart a word on the the GSE'S release from conservatorship...I'm slapping that ask to $10 so make sure you think long and hard before you answer that one...
Maybe throw a little GSE in there...
Voting members? What exactly are they voting on? What would require SEC, FHFA, Treasury, Federal Reserve and FDIC all to be there to vote on? About the GSE's conservatorship???
Can you imagine...just a hint of release of conservatorship will get crazy money pouring into theses stocks...lol
Looks like release from conservatorship tomorrow...everyone is there to complete the decision...
Can you hear it?...No? Neither can I...but I can feel it...lol...
I know...my neighbor's cat ate a bird...just like the GSE's about gobble up the shorts...
That's his name...
So much more reason why we're busting through that one...they'll all be chasing then...
on another note...got my free Windows 10 upgrade yesterday...whoohoo!!!
Not sure if that would be excitement or relief...lol
Free market scratching...lol
Fundamental correction indicator...
Hold on tight ya'll...tomorrow we prep for next week's ride up...load 'em up load 'em up...
There we go again...Our own President being above the law...The taxpayers want to know the truth...show your bluff cards Hussein...that's not how anyone plays poker...
To make them look worse and to show that they are still swinging from the same tree...it's always been the regulators fault...
All play and no work keeps the doctor coming back...
So Hussein can use executive privilege to hide documents...lol
It was funny that he thought he had 1:40 mins left and he was over 1:40 on his time and everyone laughed about it...lol
It's the New World Order...where there's one set of laws to regulate the entire world...those group of people want to take over not just a country anymore...they want the entire world to be on there knees feeding out of their hands...Did you see the testimony today?...that one guy in the middle told Congress to do their job...lol...He flat out told them that...and he meant it because his voice raised...He sounded pissed...lol
It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010–11, and was scheduled to be introduced from 2013 until 2015; however, changes from 1 April 2013 extended implementation until 31 March 2018 and again extended to 31 March 2019. The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–08. Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage.
http://en.m.wikipedia.org/wiki/Basel_III
Is it doing it's job that it was suppose to? There's much debate in regards to this and whether or not it's helping the economy currently. Keep in mind this was all done during Hussein's Admin...more regulation does not necessarily mean better for business...as a matter of fact it can have unexpected side effects and that's exactly what's happening now...usually after a recession we usually see a rise in economic conditions, but during this Admin with all the regulatory mandates and changes we seem to have an unusually very slow recovery...see the side effect?
Good...because we don't need no stinkin' backing......don't need dirty hands reaching into the cookie jar...
Easy fix...quit backing it up then...
Dodd Frank = more regulations to regulate the regulations...lol
I posted Ackman's confidence game on that link I sent you if you want to hear it...
We're now in shadowed regulatory system instead of shadowed banking...lol...thank Hussein everyone...
Honorable Phil Gramm saying it was the pressure of government regulation for Fannie and Freddie to hold subprime mortgages causing the crash...he also said the diagnosis is incorrect under Hussein on what caused the crash comparing Reagan's admin recession and how Reagan's admin has corrected the issue at that time...
Congress bashing Hussein's Dodd-Frank...whoohoo!!!...Dodd-Frank has got to go...only benefits his banking bedfellows...
Hearing entitled “The Dodd-Frank Act Five Years Later: Are We More Prosperous?”
Tuesday, July 28, 2015 10:00 AM in 2128 Rayburn HOB
Full Committee
Click here for the Committee Memorandum.
Witness List
The Honorable Phil Gramm, Senior Partner, U.S. Policy Metrics and former United States Senator
The Honorable R. Bradley Miller, Of Counsel, Grais & Ellsworth LLP and former member of Congress
Mr. Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute
Live Webcast
http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=399397
Fannie-Freddie CEO Pay Pits Obama and Republicans Against Watt
A dispute over pay for the chief executive officers at Fannie Mae and Freddie Mac could put Barack Obama and House Republicans together in an unusual alignment against a housing official appointed by the president.
Mel Watt, who oversees the mortgage giants as director of the Federal Housing Finance Agency, this month approved plans for Fannie Mae’s Timothy Mayopoulos and Freddie Mac’s Don Layton that could see their total compensation rise sixfold to about $4 million. The House Financial Services Committee on Tuesday will consider a bill by Representative Ed Royce that would impose new limits on pay at the two U.S.-owned companies.
“Holding compensation packages at taxpayer-backed organizations to responsible limits is in the interest of the public trust,” Royce, a California Republican, said last week.
Royce’s proposal would ensure that no one at Fannie Mae or Freddie Mac gets more than the highest pay level at the FHFA, which was about $260,000 in fiscal 2014. It targets not only the CEO raises, but would limit pay for other employees such as lawyers and finance executives.
The bill reignites a debate over appropriate compensation at Fannie Mae and Freddie Mac, which have operated under a conservatorship overseen by the FHFA since they were seized by the federal government during the 2008 credit crisis.
Manage Portfolios
On one side are Watt and industry executives pointing out that the companies must compete with the private sector for executives who can manage portfolios valued at hundreds of billions of dollars. On the other are lawmakers from both parties and the Obama administration, who argue that those running taxpayer-backed, government-sponsored enterprises, shouldn’t be paid like titans of Wall Street.
If it were to be approved by the financial services panel, Royce’s bill would still need to be passed by the full House and Senate. Spokesmen for Fannie Mae, Freddie Mac and the FHFA all declined to comment.
FHFA said earlier this month that the current CEO salaries of $600,000 for each company limit their ability “to promote retention of their CEOs, to develop reliable CEO succession plans, and to ensure continuity of operations and organizational stability.”
The pay issue also has generated an odd political dynamic: Obama on the same side as Republicans against Democrat Watt, a former congressman from North Carolina who was selected by Obama to run FHFA in 2013.
Bipartisan Bill
A bipartisan bill that would have replaced Fannie Mae and Freddie Mac with government insurers taking losses behind private investors almost made it to a vote in the Senate last year. The bill failed after some Democrats said it didn’t give enough support to affordable housing.
“In a sad -- but accurate -- commentary on the state of GSE reform efforts on Capitol Hill, it is possible that the GSE compensation cap bill may be the only meaningful mortgage policy legislation this Congress passes,” Isaac Boltansky, an analyst at Compass Point Research & Trading LLC, wrote in a research note Monday.
The Treasury Department said this month it doesn’t support “the FHFA’s new approach to CEO compensation” and urged the agency to “reject any increase at both GSEs.” In May, White House press secretary Josh Earnest said that because the companies are backed by taxpayers “it is entirely legitimate for the executives at those institutions to be subject to compensation limits.” Both were responding to questions about the CEO pay increases, not Royce’s bill.
“I would be very dubious” about increasing pay for the CEOs, Senator Jeff Merkley, an Oregon Democrat, told Bloomberg reporters on Monday. “The pay sounds pretty good right now. Really good.”
Watt’s Consistency
Watt’s view is consistent with his position when the issue was debated in Congress four years ago.
The Financial Services Committee voted 52-4 in 2011 to suspend bonuses for top executives at Fannie Mae and Freddie Mac. Watt, a member of the committee at the time, was one of the four lawmakers opposing the measure.
Watt said then he was concerned that limiting pay would undermine the agencies’ ability to manage assets “because we’re going to end up losing the very employees we need.”
“It is kind of like the people who contact my office regularly and say why would you give your staff bonuses when everybody else is in economic hard times,” he said. “My response to them is my employees work harder and longer hours and have more stress when other people are in hard economic times.”
The pay bill is one of 14 measures scheduled for consideration by committee Tuesday. Other bills would impose new restrictions on the Federal Reserve and rein in the Consumer Financial Protection Bureau’s policies governing auto lenders.
http://www.bloomberg.com/news/articles/2015-07-28/fannie-freddie-ceo-pay-pits-obama-and-republicans-against-watt?cmpid=yhoo
Can't margin OTC...
uh oh...fear setting in now...
O.o...even more the reason...lol...when the right one starts then it's time...
Well...my techs not so bright for the near future...RSI pearcing the 50, ADX show strength with DI- rising about the cross the DI+, WM% not oversold margin yet, MACD showing it about to go south...and the candles aren't really showing signs of a reversal at all...not yet atleast...so when you put all that together what you have? it's about to get @#$%&^... I hope this helps...
Being sealed doesn't change the documents...being sealed doesn't leave documents out...being sealed doesn't change the fact that the Judge and lawyers get to see what's inside those documents...Don't worry about it!!!...you'll get grey hair...if you already don't have it...
Here we go ya'll...the big sell off...get ready!!!