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Too bad they didn't tell you to buy in 0.30zz and sell in 6zz :)
STINKY PINKIES SNEAK INTO THE BALL AND ACT CLASSY. JUST AN ACT THOUGH. DOWN TO $0.99!!
great UNLIKE IFON
(IFON) DESCENDING TRIANGLE. LOWER HIGHS....LOWER LOWS
IFON~ WHEN it hits 1sss and CENTzzz dumping will be faster HISTORY PROVED 20 TIMES
$0.99 not fantasy
Big DESCENDING triangle. LOWER HIGHS and.... LOWER LOWS!!
LOWER HIGHS SINCE MARCH. SHARP STEADY DECLINE
IFON preparing for next leg DOWN
<<<<<<WAITING AT $0.98>>>>>>
<<<<<WAITING AT $0.99>>>>>>>
What time is oral argument tomorrow?
Fannie Mae, Freddie Mac: OCED Weighs In On Crapo-Johnson
by Michael IdeJune 18, 2014, 9:08 pm
Fannie Mae, Freddie Mac: - OCED notes that the Crapo-Johnson proposal’s explicit backstop is ‘rare’ among OECD nations
In its recent annual survey on member nations’ economies, the Organization for Economic Cooperation and Development (OECD) briefly weighed in on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform, recommending that the US government reduce its involvement in the secondary mortgage market and noting that the Crapo-Johnson proposal would make an explicit government guarantee that is almost unheard of among OECD nations.
‘Fannie Mae, Freddie Mac reform is needed to lower risk’: OECD
“Recent stress tests mandated by the Dodd-Frank Act have suggested that [Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)] would require between USD 84 billion and USD 190 billion from the Treasury Department under adverse scenarios. Reform is thus needed to lower risk and to reduce the government’s role in the mortgage market,” the OECD writes. “Johnson-Crapo GSE reform seeks to reduce the risk to public finances by ensuring that private capital takes a bigger role in the mortgage market but leaves in place a government backstop, which is rarely found in other OECD countries, and represent a contingent liability for the federal budget.”
As an organization founded to support free market economies, you’d expect the OECD to recommend a smaller government role, but how to accomplish this is a major part of the debate on GSE reform. One way to reduce risk would be to recapitalize Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) (whether this is a realistic option has recently been a matter of debate) or simply wind them down and let the housing market land where it may. A government backstop, explicit or implicit, may be rare among OECD countries but so is the ease with which middle class people can get 30-year mortgages instead of balloon loans or simply being expected to rent.
Crapo-Johnson lost Senate support for not being involved enough
Ironically, the Crapo-Johnson proposal has stalled out because its approach the US mortgage market was too hands off, and Democratic senators like Elizabeth Warren and Chuck Schumer were concerned that it wouldn’t do enough to support working class ownership. But even if the bill had been changed to their liking it wouldn’t have made it through the House.
This tension between wanting to reduce public liabilities on the one hand and support home ownership on the other goes to the heart of the debate over Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform, and the OECD has made it clear that it cares more about the former than the latter.
fannie-mae-freddie-mac-oced-weighs-in-on-crapo-johnson/
http://www.valuewalk.com/2014/06/fannie-mae-freddie-mac-oced-weighs-in-on-crapo-johnson/
Big buys at these levels.
man that hate from you buying high and selling low spews outta you like the tea out of my kettle
its held (closed) above $4.00 for 31 days straight
I think risky means new politicians, not the little people on this internet message board
Nothing should be given to that thought. It's been shown 3 different times now that a bill shutting down FnF will not gain momentum. How many more times will they repeat the same silly lines? =)
along with a new market value= book value =)
TTFN!
Teehee
Will close at 3.92 tomorrow.
testing 50 d sma now
looks like its going the opposite way actually
there's nothing in his =)
lol why are you asking him like he has some merit in the pps action?
With no news besides Eric cantor being ousted and Mary miller (I'm thinking cantor was more important than we know)
"Companies that invest US$250 million — a decrease from the current floor of US$1 billion — would be able to export as much as 20 percent of their output at international prices, and would be able to send profits abroad. The bill seeks to freeze royalties at 12 percent, but would allow an additional three percent, according to the draft leaked."
I can't make out if this article is positive or not. I think I'm too optimistic when I read this perhaps. What are your thoughts rattle?
Price is now ~50 cents below where you bought it
such insight. much reasoning
i disagree, however my point of view about the current pps is much different than your point of view (depending on when you bought in)
maybe eric cantor meant much more to fannie n freddie then we know
@ 4.39?
wow that's some great dd. nice find!
technically it looks nasty =( (for this week) with no bad news at all lololol
not good
How long do you think it will take for injunctive relief to be ruled upon? (Estimate/Average)
Check out this Cup and Handle on the 3 year
http://www.investopedia.com/terms/c/cupandhandle.asp
yeah i noticed the macD curving upwards as well, gave me a nice smile.
How did you copy that image after drawing the circle on it?