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You like that? ...it was from last night's fortune cookie...haahaa
History is not a guarantee for the future...it's just a possibility...
Those who needed to be killed is already dead and those who needed to go to jail is already incarcerated...The rest...The rest of them will probably walk away from the scene without a scratch...
July 7, 2015
info@investorsunite.org
866-288-3537
MEDIA TELECONFERENCE
IU Hosts Teleconference to Provide Update on Fannie, Freddie Litigation
WASHINGTON – On Thursday, July 9 at 2:30pm EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference to update Investors Unite members and the media on the most recent developments in Fannie Mae and Freddie Mac investors' efforts to enforce their rights as shareholders in the GSEs. Pagliara will be joined by Matthew D. McGill, partner at Gibson, Dunn & Crutcher representing Perry Capital, and Richard Epstein, the Laurence A. Tisch Professor of Law at New York University, senior fellow at the Hoover Institution of Stanford University and professor emeritus and a senior lecturer at the University of Chicago.
To join the teleconference, please RSVP to media@investorsunite.org.
WHO:
Tim Pagliara, Investors Unite Executive Director, CapWealth Advisors Chairman and CEO
Matthew D. McGill, Partner, Gibson Dunn and Crutcher
Richard Epstein, New York University Law Professor, Senior Fellow at the Hoover Institution, professor emeritus and a senior lecturer at the University of Chicago
WHAT:IU Hosts Teleconference to Provide Update on Fannie, Freddie Litigation
WHEN:Thursday, July 9 at 2:30pm EDT
DIAL:(800) 230-1951
NOTE: Please RSVP to media@investorsunite.o
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
P.O. Box 2591
Brentwood, TN 37024
It's ok...I buy in steps and sell in steps...
Whoohoo...got another bag filled today...lol
It's a biased conversation with only Lew attending without a person or panel of opposition...so it maybe just a general discussion...
LIVE WEBCAST -- Dodd-Frank at 5: A conversation with Treasury Secretary Jacob J. Lew
When: Wednesday, July 8, 2015, 8:30 — 9:15 AM EDT
Where: http://www.brookings.edu/events/2015/07/08-jack-lew-treasury-dodd-frank-at-five-years
What:
In July 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protect Act, a far-reaching and still-controversial piece of legislation that was intended to reduce the odds of a repeat of the worst financial crisis in generations. Five years later, is it working as hoped? Did it go too far—or not far enough? Are there parts that should be revisited? What remains on the U.S. and the global financial stability to-do list? On July 8, the Hutchins Center on Fiscal and Monetary Policy will host a conversation with Treasury Secretary Jack Lew to address those and other questions about financial stability and the economy.
This event will be live webcast. Follow the discussion on Twitter @BrookingsEcon or #DoddFrank
Ah...ok thanks...I expected a delay on that one...
Is this for Perry Capital?
I'll drop my undies before I drop my core shares...
I can see Obama turning this around and try to take credit for his inaction...
He heard it from Lew's testimony that the GSE's have paid back 100%+ and is taking action accordingly along the lines of being "sound and solvent".
Ain't that the truth!
We got some serious haterz out there...don't hate the players, hate the game...
Hold The Line, Stay With me !!!
You can't sue over conservatorship...conservatorship by nature is not an illegal activity or action...the same as you can't sue because a private company has decided to go into Chapter 11...This whole ordeal is about the government renewing an expired contract while amending the original terms. I'm sure you'll have an issue if your bank changed the terms on your mortgage or rent just because you got a job promotion and make more money...
This is how Watergate started...with media coverage...
Try the BBQ Brisket...those are good...
THE NEW YORK TIMES COMPANY'S MOTION TO INTERVENE AND FOR AN ORDER DE-DESIGNATING DISCOVERY MATERIALS
Case 1:13-cv-00465-MMS Document 177 Filed 06/30/15 Page 1 of 11
http://investorsunite.org/wp-content/uploads/2015/06/NYT-Motion-to-Intervene.pdf
Holy Crap GREAT NEWS!!!!!
Inquiring minds wants to know...
THE NEW YORK TIMES COMPANY'S MOTION TO INTERVENE AND FOR AN ORDER DE-DESIGNATING DISCOVERY MATERIALS
Case 1:13-cv-00465-MMS Document 177 Filed 06/30/15 Page 1 of 11
http://investorsunite.org/wp-content/uploads/2015/06/NYT-Motion-to-Intervene.pdf
Another buy above ask on FNMAS 23,800 after close.
23,800 bought in on FNMAS after close above ask...WTF!? Oh they are soooo covering tomorrow...
shhh...don't jinx it...it's up by $.02...
We got some buying activity here...Orange you glad you didn't sell?
It's not you...I haven't really announced it...was waiting who will notice and mention it first...
AREA 51?
Aye aye...'tis I...
Dear Lumpina,
The court is the side show of the issue...it's only to push so that release is dealt with quicker than just hoping for Congress to resolve the issue on their own...thus far we have not won a single case in court. What gives you hope that the issue will be resolved in the court system and not by Congress? Have you not thought the the Judges are pushing for the same resolution by Congress and not in the Justice system? Do you honestly believe the court will slap our own government on the wrist and say hey you need resolve this now when their paycheck is made out by the same people?...Let's play a little devil's advocate, that if Fairholme wins then what? An appeal? How long will that take? By then we'll have a new President...then it's possible we'll have a unanimous resolution by Congress and signed by the new President...I wouldn't get your hopes up too high in our Justice system...even real criminals walk away after a murder...
He said I believe the answer is yes...start 1:50
Yeah, but they've also said that it wasn't a loan...that it was an investment...
Lew has told Congress that's it's paid off...loan/investment...doesn't matter I guess...he said it's paid off...SET THEM FREE!!!
Either way...it's paid off according to Lew when he told Congress in the last testimony...so why are we still in conservatorship and why aren't they allowed to build capital? There's absolutely no reason we should still be in conservatorship...
So if those statements are true and the bailout is a loan (not an investment)...Then all loans are repayable by law...
But if it was an investment and not a loan, then Treasury has made false statements publicly misleading investors which I think is a violation.
I was looking for a direct statement by Treasury that was contradicting to show that the Treasury is deliberately & falsely making statements in court as the need arises. Maybe this will hold them in contempt...as I recall he told Congress (or in court) that the bailout was an investment and not a loan...yet the statements contradict what he has said publicly...
Treasury investment/loan statements side by side...
Quote:
Taxpayer Protection. Any time the government stands behind a loan, even indirectly, it takes on
some degree of risk. While the government can charge market participants an insurance
premium for accepting that risk, pricing risk properly can be difficult. If the government does
not charge a fair price, it may encourage excessive risk-taking and increase the likelihood that
the taxpayer will be forced to bear the cost of the government’s losses. Political pressure to
lower the price of government support increases the odds that the government will misprice risk
and put taxpayers at risk. Requiring private capital to come ahead of government guarantees or
providing a way to ensure taxpayer losses are repaid through future assessments, such as higher
fees, may mitigate these risks
http://www.treasury.gov/initiatives/Documents/Reforming%20America%27s%20Housing%20Finance%20Market.pdf
Quote:
If Treasury has already received $1 billion in senior preferred stock, how can you say that no investment
has been made yet?
The companies each issued $1 billion in senior preferred stock to Treasury in connection with Treasury's
commitment to maintain a positive net worth in the GSE. No taxpayer money was spent to receive this stock.
http://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-11_SPSPA_FAQ_508.pdf Less
You make it sound like those statements by Treasury were posted side by side on this board before...the words investment and loan were maybe posted on here before, but as I recollect the comparison of the two statements side by side were never posted...it re-enforces the Jekyll & hyde game their playing in court...
No, but to find it in writing and comparing their statements side by side...is refreshing...