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No, for a "news" agency to only air stories that pursue the shutting down of fnma (more than 1/2 of FOX's do) that's not indifference, that's bias. That's following an agenda by omission and selective inclusion.
Trying my best to be Fair and Balanced. Here is the "fnma" search on Fox Business.com
foxbusiness.com (242 articles compared to CNN's 18,300)
FOX has an agenda concerning FNMA. Judge for yourself. Bruce Berkowitz isn't even mentioned on FOX. their stories concerning fnma are a joke.
FOX fnma news. (29 articles)
http://www.google.com/search?q=fnma+site%3Afoxnews.com&hl=en&as_nlo=&as_nhi=&lr=&cr=&safe=images&oq=fnma+site%3Afoxnews.com&gs_l=heirloom-serp.12...149185.152347.0.154511.7.7.0.0.0.0.204.567.5j1j1.7.0....0...1ac.1.34.heirloom-serp..7.0.0.5ViSYBgXbhM
CNN fnma news. (18,300 articles)
http://www.google.com/search?q=fnma+site%3Acnn.com&hl=en&as_nlo=&as_nhi=&lr=&cr=&safe=images&oq=fnma+site%3Acnn.com&gs_l=heirloom-serp.12...67343.68920.0.70868.3.3.0.0.0.0.27.31.3.3.0....0...1ac.1.34.heirloom-serp..3.0.0.SRzymx3sA2I
Tomorrow, expect a long day for the Shorts, short one for the Longs.
Your point is the reason why the US governments power does NOT correlate with it's wealth. We are trillions in debt. We would be less powerful than Cuba if that were the case. The Gov has always known that money in and of itself does not equal power. The ability to manipulate and dictate it's creation and distribution does equal power, however. 'Cause every body else IS greedy for money, the only substitute for a lack of power.
"At least 23 nations have already prepared for a new trade system that will occur outside the dollar and Swift systems. Through their moves away from reliance on the dollar via the creation of new currency swap lines, major economic powers are transitioning away from the 42 year old petro-dollar system that saw America devalue its currency nearly 98%, and export inflation to the rest of the world.
A global currency reset is inevitable, especially when you consider that the historic life cycle of a purely fiat currency is only 30 years, with a maximum length of 42 years. This falls in line with the U.S. dollar which has been a purely fiat currency since President Nixon took America off the gold standard in 1971, and subsequently allowed the central bank to grow the economy with debt rather than sound money and real production.
2013 will go down in history as the year of global currency wars. But intermixed in this financial conflict will be the rise of China, and their plans for a new financial order. And as Dr. Willie points out in his assessment for the coming year, when the global currency reset happens, the vacuum that will occur will not be void for long, and will be quickly filled by China with two new options that promise greater stability than what the U.S. had offered for more than a decade."
Read more at http://investmentwatchblog.com/2014-will-be-the-year-of-the-currency-reset-and-gold-backed-trade-note-be-prepared-to-survive/#x4ZUdrmOGczj1lq2.99
The thing is though, the Gov. is not greedy for money (they can print as much as they want). The governments interest is in HOW the money is made and WHO gets paid. The governments greed is for POWER, the ability to dictate situation and outcome.
As far as the government is concerned a "win" with fannie is simply the ability to say they made the right decision concerning fannie. They always have and always will control fannie… their stock ownership is irrelevant, they will give that up in a minute. It ain't about the money, it's about the power.
Longs, set your charts to monthly, kick your feet up relax and enjoy the ride.
Besides, there won't be any real action until Watt speaks. After the next earnings are posted and the fed debt is cleared, he'll have a lot to say.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=0&chfdeh=0&chdet=1389906000000&chddm=54740&chls=IntervalBasedLine&q=OTCBB:FNMA&&fct=big&ei=phPYUvCHDY6PsgfmLQ
I think we have all seen that Bat-Man movie…you know the one, where everyone thinks Bat-Man has turned evil and all are out to get him, but little do we know that the Bat is actually being controlled by a black diabolical space goo that's controlling his every move. Long story short, space goo discovered, Bat saves the day AND the mayor gives him the keys to Gotham City.
Fannie is at the "Saves The Day" part, key's are on the way.
Hm, someone made 50-100 million trading fnma stock. That's a good thing (illegal or not).
That goes on the "Reasons To Invest" list. Above reason 1 (if we could).
Your top ten reasons to invest makes me curious to see what a shorters top ten list looks like.
Any takers? Even 5, 3 reasons you would short?
"PAID IN FULL", will be the BOLD headline on every front cover, once fannie makes her next payment. Any penny taken after that, yea, could be called a gov, profit, but, much more likely it will be called a theft. The fed will have no choice but to rethink the C-ship.
OK Mel, 5 days on the job… you've found the coat rack, now SPEAK!!
We need a sentence (publicly stated) that includes the word "investors".
Isn't Madoff spending the next 150 years in federal prison for stealing investors money? I have to agree with what someone posted earlier, any politician that votes to "Madoff" fnma investors has a political death wish.
A deal is inevitable, it will be reached with alacrity, and well prior to the 2014 elections.
Scotty!!!!
Sorry captain, it's the dilithium crystals!
This stock reminds me of Apple, 12-13 years back, when the talk was bankruptcy and the stock was down as low as 6-7$. My take back then was that the computer industry couldn't survive without Apple, why, no one to steal from (it'd be a room full of nerd's with no good ideas, kinda like it is now, different story). I scooped up as much as I could. Microsoft loans Apple a few hundred million to stave off bankruptcy, rest, history.
America can't survive without a middle class path to home ownership. That's what FNMA and the 30 year represent, neither are going anywhere.
Europa, that one, right?
My guess is the Gov will give up their 100%, take it down to about 30% (call it a tax) until reasonable regulation is hammered out (next admin, maybe). No lawsuits, no fuss everybody happy, stock rockets past ten.
5,4,3,2,1…Lift Off…we have lift off.
5,4,3,2,1…Lift Off…we have lift off.
This doesn't sound like a Pre-Demolition statement to me. The contrary in fact.
FNMA is one press conference away from exploding.
“Today’s housing finance system is one of the keys to our economic recovery, and I am grateful for the opportunity to help develop a strong foundation for moving this system forward for the benefit of all Americans at this critical point in our nation’s history,” Watt said in his statement.
Read more here: http://www.kansascity.com/2014/01/06/4732939/mel-watt-becomes-new-chief-overseeing.html#storylink=cpy
How long must it hold above 3 and is this up listing auto triggered or subject to review (by who)?
Nothing but good for fnma investors when the question morphs from How? to Why? reform fannie.
2.90-3.20 Pre-Watt. 4.50-5.50 1 week Post-Watt
A new captain isn't assigned to a sinking ship.
The gov will get paid if F&F are in C-ship or not (every penny you, I and fannie makes is taxed). Granted they will be paid more in C-ship, but money is not why it remains in C-ship.
It's politics, F&F were the perfect boogie men to blame/attack/dismantle 4 years ago.
After every major bank has fessed-up and apologized with billion/million dollar fannie payments, F&F are no longer viewed as the boogie men they once were. It's actually the opposite.
It would be political suicide for any politician to continue to go after them. The gov. will find a politically expedient way to remove their hands from around fannies neck. Ops, we're sorry, wrong guy.
The fnma issue will be resolved before a july trial. I can't say this enough, but during the run up to the 2016 presidential elections and a few months before the 2014 Congressional elections. No politician wants the idea of America's commitment to capitalism debated for all to see in open court. That's a no win scenario for any politician, regardless of what side of the fannie they are on.
No politician/candidate wants to justify the idea of stealing fnma investors money on national TV. It's the opposite of capitalism.
Fire and Forget, this stock is laser guided, it will eventually hit the target.
If fannie goes away, so does the 30 year and so do the politicians. They won't let that happen.
They also won't be caught holding a profitable company (that's paid back it's debt in full) during the run up to 2016 elections. Looks anything but capitalistic.
A quick google search shows the conversation is no longer about, "How to Dismantle" a failed fannie.
http://www.google.com/search?hl=en&gl=us&tbm=nws&authuser=0&q=fnma&oq=fnma&gs_l=news-cc.3..43j0l3j43i53.3718.5632.0.6223.3.2.1.0.0.0.1480.2752.7-2.2.0...0.0...1ac.1.r-6xYyt11dg
The discussion has now transitioned into, "What to Do" with a hugely successful fannie.
Great news for this 4 year fnma investor. It's only a matter of time before the gov relinquishes control.
forgot a zero (15000@.50)
Seems like politics is the driving force behind Fannies movement. That's the reason I bought in (1500@.50). I think the Gov will drop their interest in Fannie like a hot potato as soon as we near the 2016 election cycle. No Dem will want to risk the Repub name calling ("socialist, commie ext") so close to an election. Holding on to a profitable company that has paid it's debt will draw far to much criticism.