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I was speaking specifically about the executive order Trump is scheduled to sign today.
It doesn't require an executive order to stop the NWS.
An executive order can't be issued in order to override a congressional bill. Corker's bill was made a part of law. It states releasing the GSE's require an act from Congress. An Executive Order can only create new laws. It can't override existing laws made by Congress. So the answer is no. The executive order won't have anything to do with the GSE's.
Good stuff. I agree. However, it is my opinion, and why I invested, that this company will not get released based on the court proceedings. Read Paulsons annual shareholders letter.
What reason?
I don't understand what you wrote.
My Chinese associates tell me your Chinese associates are unreliable and can't calculate basic math.
Governments don't purchase publicly traded stock. They purchase bonds. Your shares aren't worth $60-$100 per share. You'll find out soon enough.
Your link is broken.
The daily list includes temporary market maker trades that aren't actual short positions. They are temporary transactions in order to create liquidity that last a split second. That's why it takes a few weeks to weed through them and produce the actual short list which is a bi-weekly product.
That isn't a record of short sales.
Prior to 2012, the dividend was a 10% fixed rate. After the 2012 Ammendment, it became variable. That's why an "illegal takings" argument is being made in court.
Source: https://www.fhfa.gov/Conservatorship/Pages/Senior-Preferred-Stock-Purchase-Agreements.aspx
Mnuchin has been consistent on what he's said from day one. Unfortunately, less schooled individuals tend to create their own definitions of the English vocabulary. Hence, confusion sets in regarding the meaning of what someone said and/or didn't say.
No doubt in my mind that's the direction the courts seem to be headed. Why Fairholme is not pushing harder, I don't know.
You should read Hank Paulson's book. Will enlighten you as to how it went down.
You've almost got it. The $600m reserve is not a reserve. Why they call it a reserve is confusing. It's a hypothetical number they arrived at. It's a "hurdle rate". An intangible number that does not represent an actual cash amount.
$0.10 per page is relatively cheap considering the government houses the information on computers and servers and pays employees to mine the data for public use.
Due to transparency laws, the government created pacer.gov which houses court cases from every state. It's fee based. $0.10 per page to download.
Open a PACER account and that information is provided in the first group of dockets.
I respectfully disagree. Lower corporate taxes generally reflect an increase in production and salary.
Will never happen.
The capital buffer (aka capital reserve) reaches $0 1Q 2018. That means an amount equal to shareholders equity (net worth) will be swept each quarter from the GSE's. Right now, equity for Fannie Mae is $6b. If it were 2018 today, the quarterly sweep would equal $6b.
Because of the expected change in corporate taxes from 35% to 20%, the company will be forced to impair approximately $19b of their assets. So, if equity is $6b and a $19b write off takes place, equity would equal $-13b. In that situation, the company would be forced to take another draw from the Treasury which, at Treasury's discretion, could force the company into receivorship.
Completely agree.
He's talking about the deferred tax asset impairment charge that's been the center of discussion for the last two months. "Write down" = impairment, discounting the value of an asset, devalue, diminish, charge off, etc.
If I needed investment advice from you, I'd ask. The company doesn't have resources beyond shares of stock.
Progress doesn't take 10 years.
I remember when the company was pushing the poison pill. While I was warning everyone against it and what it would do, you were right there all in favor for it telling everyone how it protects the company. Have no sympathy for you at all. Yes...I told you so. Next time, don't be afraid to learn.
The stock isn't trading anywhere close to 2007 level. It's not even "starting" to.