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Lol, FILM since we can also make a movie out of this debacle
Interesting stock. Why the drop from 2016? I saw some dilution, but not enough to drop it sub dollar.
That doesn’t make much practical sense, but I hope you’re right
Lol, it won’t, but a nickel would be nice :)
That would be insane. I had a dream last night that this stock hit $1
You're kidding, right? Maybe not proportionately to the housing market, but what do you think would happen if it did? Instead of a home costing $500,000, it would cost $5,000,000. How is the simple concept of government fraud and inflation lost on those championing for more socialism?
Yes, I agree with you. And of course it works. But just because something works, doesn't make it efficient.. All I'm saying is There's more than meets the eye here. I love history so believe me, I know most of the arguments for and against the GSEs.
I'm against them in theory, but am long FNMA because of the obvious investment opportunity.
Sort of, but just like anything the govt gets involved in, it usually becomes overinflated due to corruption and waste.
Govt isn’t allowed to own private companies, period. However, through absolute fascism, it has happened. I’m utterly shocked this simple fact wasn’t argued in court.
I usually disagree with you, but tend to think you're assumption is correct here.
Screw congress, they had 10 years to fix it and ignored it. Admin action is warranted.
I wish I had the $ to buy more, but I'm in a big bind right now.
Nobody is willing to shut them down because they don’t want to have a legacy which blames them eternally for any crisis resulting from that action.
And if they do, then their motives are sinister.
In poker, the longer someone contemplates a call, the more likely it is they’ll fold. The govt has been thinking about this call for 10 years. They’ll fold.
Receivership talk was only on the table of those who didn’t know what they were talking about. It was never an option.
Exactly. Ain’t gonna happen.
Can the Conservator determine to liquidate the Company?
A: The Conservator cannot make a determination to liquidate the Company, although, short of that, the Conservator has the authority to run the company in whatever way will best achieve the Conservator’s goals (discussed above). However, assuming a statutory ground exists and the Director of FHFA determines that the financial condition of the company requires it, the Director does have the discretion to place any regulated entity, including the Company, into receivership. Receivership is a statutory process for the liquidation of a regulated entity. There are no plans to liquidate the Company.
Q: Can the Company be dissolved?
A: Although the company can be liquidated as explained above, by statute the charter of the Company must be transferred to a new entity and can only be dissolved by an Act of Congress.
https://www.treasury.gov/press-center/press-releases/Documents/fhfa_consrv_faq_090708hp1128.pdf
When you look at the law, it specifically states you can’t go from cship to rship without congressional approval, which won’t happen.
Mods,
This is obviously a fake profile. Could it be removed?
Actually it doesn’t matter because he was talking about past tense on what he “would have done”. A much different road was taken. He also stated that HERA was not applied according to its intent. So I think the only reasonable action at this point is to release and create backstops against any future bailouts. This means private capital and smaller footprint.
So Calabria, who helped write HERA, says its being abused but has not been able to effectively argue this in court. He also is asserting the buck stops with Watt who has done nothing except collect a paycheck and harass women.
Can this get any more ridiculous?
That’s what we’re all trying to understand.
Yes, but there is absolutely no logical reason why they don’t stop the NWS immediately so they can start building capital yesterday. The only reasons not to are nefarious.
Here’s some major questions which must be answered:
1. Where did all the money from winning lawsuits against banks go?
2. What is the surplus dividend money being used for?
3. Who’s making the decision to keep the NWS intact? Gov has been playing the shell game with responsibility for it, Watt, Tres, Congress, POTUS... all point to each other. Who’s in charge exactly?
4. Why have judges sided with an obviously illegal taking by gov.?
5. How was gov allowed to purchase shares of a company in the first place? Gov is not allowed to enter the private market for obvious reasons. How was this even possible?
5. Who’s watching the watchers?
That would be outstanding
Actually, these lower prices are welcome during the buyback. $750M gets a lot more shares now than it would at $20. This is a solid long term hold IMO
I happen to believe Watt is still obeying Obama’s bidding by making sure the NWS is in place as long as possible for whatever reason they have. But still doesn’t explain why Mnuchin has allowed it to continue, and a bigger mystery is why Trump allowed it to continue.
Can’t all be for the same reasons, that’s for sure.
Hmmm, I detect sarcasm there. Lol.
Good questions. Let’s see how they dance around that.
Obviously, we have a bias towards freeing the GSEs, but if law interpretation was cut and dry, then there wouldn’t be both prosecuting and defense council. Each side believes they’re right and try to convince the judges and juries as such. I happen to believe that something is severely wrong with the way things have gone so far, as d many other prominent individuals from diverse professions.
Note: my bias is not because I own GSE stock. Rather, the NWS didn’t exist before I owned the stock and the implementation of it is neither constitutional nor a historical probability. Therefore, my bias is due to believing in the rule of law, not a corrupt government and courts. The law itself is immoral and wrong. If Trump made a law legalizing murder, it would be legal to kill, but not right. The law itself hasn’t been, but should be challenged.
Clear to everyone but the people that matter
Sadly, the theme of the court system these days is prevent the boat from being rocked as much as possible. Nobody wants to make any solid leadership decisions for fear of actually being cast in any sort of spotlight.
This is why Trump has been a bright spot in politics. He has no fear of the media or what people think of him, he's just going to do what he feels is right. That's what a leader is supposed to do.
Corrupt, or inept? Both? Brace for the sell off...
I'm waiting on two different court cases to settle soon. 1 is my VA appeal for 100% disability, which would garner about $30K in backpay. 2, is a lawsuit against Iran for the Khobar Towers bombing in 96. Both should settle around the same time. I plan on taking a nice chunk of that change and buying more GSE stock. Hopefully I can get one or both of those settlements before the Kaboom.
Never say never. The fact that she's even an elected official is mind boggling. I wouldn't even vote for her for student council bench warmer. But this is upside down world where the insane is sane.
Just scroll down the post and on the bottom right you see a “report TOS violation” link
We've seen a large pullback from $23 but I still like the potential long term. The Y/Y growth is undeniable and I think we'll see $15+ in the near future. Still holding my $5's and letting this stew in a Roth as the divis collect more shares for me.
All good here.
Oh, sometimes you can’t tell on this board