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"37,030 people have FNMA in their portfolio"
Pretty big following on SA.
What a coincidence. A day before the .01 trade anniversary, we get a .001 glitch.
Fed approves curb to future 'too big to fail' lending
http://www.reuters.com/article/2015/11/30/us-usa-fed-lending-idUSKBN0TJ0AW20151130
Could the GSE's be next?
http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19
Let this be a warning to all those who are short FnF.
"His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s."
Was it a open market buy or a grant? If it was a grant, that would be very telling as it would make no sense to grant a stock option with a future exercise date that is going to be zero.
It's been rumored, some preferred holders bought pfds because they don't like the word common.
No hedge fund bought for .25 cents. Quit with the lies please.
How does an agreement trump a law?
You're right. Same argument and defense as all the others.
If it was "THEIR JOB" how can a net worth sweep then be justified?
You could ask the same question about Jamie Diamon and JPM's 5.1B settlement with the FHFA.
http://www.huffingtonpost.com/entry/elizabeth-warren-bernie-sanders-puerto-rico_56294d37e4b0aac0b8fc4a02?ncid=fcbklnkushpmg00000063http://www.huffingtonpost.com/entry/elizabeth-warren-bernie-sanders-puerto-rico_56294d37e4b0aac0b8fc4a02?ncid=fcbklnkushpmg00000063
Let me get this straight, Warren and Sanders don't want to see this happen to the people of Puerto Rico, but are completely fine with it happening to the shareholders of FnF at the hands of the TSY?
"Despite Puerto Rico's financial crunch, the federal government has resisted cutting the island any slack on its debt, even as it has driven the island economy to ruin. The Treasury Department wants Congress to pass a law giving Puerto Rico the power to wipe out some of its debt in bankruptcy, but the prospects for that proposal are slim in an era of legislative gridlock. At the hearing, Warren laid into the Treasury Department's top negotiator on the Puerto Rico crisis, Antonio Weiss, for punting the mess to Congress instead of forcing the vulture funds to cut a deal.
"Treasury needs to step up and show more leadership here," Warren said. "When the banks were in trouble, Treasury did a lot more than just bail them out. Treasury stretched the limits of its authority to make sure that the banks stayed afloat. It helped broker deals between banks. It applied pressure to get parties to accept deals they may not have liked very much."
"Now the people of Puerto Rico are calling. They understand there is no bailout on the table for them and they are not asking for one. After all, they aren't a giant bank. But they are asking the administration to do what they can do what it can to help broker deals to stand up to the vulture funds," Warren added."
It seems as though TSY is taking the stance that they're giving the GSEs an unlimited lifeline that they don't need in exchange for perpetual profits just in case they may need to make a draw at a future time. They seem to think there's no limit to the amount of money they can sweep because their intention is to keep the checkbook open even if they never need it again.
Describe a scenario where that plays out.
Makes sense. Keep stealing to continue the sweep so when he has to cover the short, he'll have money to cover.
#flythew
FNM.MU up 8% currently.
http://finance.yahoo.com/q?s=FNM.MU
Trying to go green for the day. $2.64 -.01
Consolidation before the next move up.
We have much more to go IMO.
Have some resistance at $2.70-$2.73 and then we're in the $2.90's.
Looks like this run has legs.
That's assuming everyone sells on that day. Set price guarantees a minimum revenue through taxes. I don't think capitol gains taxes is the deciding factor for release. They'll make out just fine when warrants are executed. I know there's many that think the warrants are illegal. Keep in mind that warrants were part of the original deal. Our best chance of winning is where the 3rd amendment is reversed and that does not void warrants.
IMO Tsy and FHFA won't let the free market decide the price once released. Price will be set and warrants will be sold to the market at a set price.
Wouldn't be surprised to see $2.60 by EOD.
Bump me up to gold.
He was one of the few that was still buying after the Lamberth ruling.
How can you tell if a politician is lying?
Their lips are moving.
$2.46 resistance about to be tested.
Anyone know if he's licensed by the SEC to be giving investment advice? #fanniegate
Who is this Major B.S. he is referring to?
I sure hope Kings1 shorts this pop.
Exactly. The only other options are administrative/judicial release.
Anyone know what research firm Ackman referred to? Said they published a report today.
Was that you Whale Balls?
Cooler heads always prevail.
Probably the same reason Hastert resigned.
Thanks. I'll be watching.
Did he just say millions of shareholders?