Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
" If it should go to zero, Mnuchin & Co. should rapidly volunteer for the space program and the Mars mission to, hopefully, get off Planet Earth. Lots of people will be looking for them, if you know what I mean. "
Lol. Maybe they overlooked those important insights when planning. When you combined several lone wolves you have a pack. A pack of lone wolves increases the danger. The wolves will eat, just don't be on the menu.
" As far as operating segments are concerned, the GSE’s single-family guarantee business reported $280 million in earnings, a 45 percent drop from 3Q16. The reason: higher credit losses. Multifamily posted a $662 million profit. "
Reads like those single family refinances and GET taxpayer funded homes rising in delinqints.
" house. It is very organized. Everything is in alphabetical order. " where are we going with this comment ?
Ahhhh....... You missed the most iimportant term of my post " JC drop-out ". Now how do I spell " Google " ? (Dry humor)
Lol , Lumpina.... " discombobulated " ? I am only a JC drop-out. You are way over my head. Could you stick with Sales terms. Lol
Correct. Statement is strickly recap opinion. Nothing about stopping sweep , uplisring, cship release or reform ( wishful thinking ( about his bill ).
I believe after earnings reported, the sweep has to end. This point of time will determine President Trump's mindset toward FnF. Either he has Treasury stop the sweep cause there should not be any reason to continue the sweep. Everyone agrees the sweep should be first thing on his FnF agenda. So , will Icahn , Ackman, and all be happy if sweep not stopped and other issues not being resolved for a year or more ?
Keep in mind tax reform has to be done. Those DTAs will lose market value under a tax reduction scenerio. Muchi knows this. So let us see what happens with sweep immediately after earnings. Sweep stopped then tax reform. FnF reform is not legally mandatory in order for FnF to leave cship , so stop the sweep after earnings.
Did you notice this Statement by reporter "He ( Crapo ) said that while the administration could take steps on its own to recapitalize Fannie Mae and Freddie Mac, such a scenario is unlikely. "
Saturday wire to brokerage house. Bank will have broker wire number. You will need your broker account number for broker to apply money when received. When broker receives wire , ask broker when that trade can be made latest on Monday.
July 2008.
My pennies would be 2715.
Where it settles will be great for selling call options .05 or .10 per week without high risk of losing shares. Then add maybe $2 or $4 dividend.
Definitely shock and awe.
Lots of shares. Cat you been here for awhile. I assume most obtained at big discount. I rembenr at the beginning how many YMB members were buying millions of shares at those discounts. Many retired on those swing Ups.
The Pacific was where the real action a mounted for all four Branches. Hope your uncle was able to survive without mental or physical damage. At age 90, sounds he might have.
So your uncle Frank was a Marine?
Mbers on yahoo and ihub in early years. Lots have come and gone over the eight years. It has been a difficult 8 years. Sleep sound Travel.
10 DMA 4.22
20 DMA 4.04 (middle bollinger band)
RSI 57.7 Dailey
Has to stay above 4.04 to. Maintain up trend.
Warrants have not been exercised. Not ripe for lawsuit until aTaking occurs. Currently gov owns no common.
Quorum does require a minumun. Does not require by party. Republicans have the votes to meet the quorum requirements 50 + 1 to pass. Like democrats changed the quorum for necessary votes to pass obamacare.
Berko sold shares to Icahn in 2013.
Obi , good evening, sharing this brief on SCOUSA decision last week regarding FNMA decision about case on court jurisdiction State or Federal Court.
Here is a statement on the case decision and source:
"
Briefly:
At Prawfsblawg, Richard Re discusses the court’s recent decision in Lightfoot v. Cendant Mortgage Corporation, in which a unanimous court held that Fannie Mae’s charter does not create federal jurisdiction in all cases to which the federal entity is a party, describing the opinion as “a useful illustration of a distinctive way of using and modifying precedent: narrowing,” and noting that the case also raises “the possibility that narrowing jurisdictional precedents might be a special undertaking that ought to be governed by distinctive principles.” "
Here is YAHOO FNMA CONVERSATION by Yank Rules ( our friend Big Yank )
" cases can only be heard in Federal courts, but Fannie Mae cases have no such limitation. So Freddie cases that substitute FHFA for plaintiffs are allowed to stand (meaning government canthenwithdraw the litigation complaints)
ReplyReplies (5)20
Yank Rules
Yank Rules2 days ago
Can you help with understanding what Yank is stating how this decision effects our cases?
... but Fannie cases may be remanded to state courts for decisions. This sets the stage for a bizarro-world scenario where Fannie plaintiffs get favorable rulings and Freddie plaintiffs get diddly squat.
This is why FMCC shares are trailing.
JMHO.
See More
11
Yank Rules
Yank Rules2 days ago
Please see ruling from Justice Sonia Sotomayor issued January 18, 2017 in the Lightfoot vs. Cendant Mortgage case.
Just when you thought things just couldn't get any more confusing...
20 "
When the sun started shining on the accounting , it brought attention to the fact Interest charged prior to the non-exsisting treasury draw ( loan / investment ) starting October 2008. This was when Bush Jr ordered the GSEs to relieve the TBTF toxic debt. So, we provide the Gov a service with labor and capital and being. Charged ( not compensated) 3 months prior to a single transaction. No compensation, not free ! Charged for something non- exsisting ! Be alert to hidden illegal charges.
Law,evidence , Justice ?
How can justice served when the evidence is protected from sunlight by the laws written by the criminals to protect the criminals from exposure ?
China has appropriated $100 billion dollars to alternative energy on aggressive project to clean up enviroment . Air quality is a major understatement. Mining is operating on a part time bases because air quality and health issues. They are using solar, wind and hydrogen as energy source. Big Time!
$24 million excess costs without proper study by FHFA or Fannie. More unaccountability . FnF are in cship.
Lol yes let us all buy millions of common and preferred shares in FnF so we can give away our intersect through gov reform. Maybe the big boys will share how that kind of reform benefits their self interest ?
Lol
A. Out of government control
B. Safe
C. Never taken over again
D. Private sector
No he didn't directly say recap and release
But, how do you do all the above without recapping and release.
That is what should be the question?
We are just playing on the words.
I suggest such extreme change is due to REFIANCING by reducing underwriting requirements which has been posted ad on Internet sites and text messaging.
In Geitner words " common equity will not recieve a dime " is a direct threat to common equity. Remember when criminal charges rise.
That's why the courts are a better PR mechanism for educating the public awareness of truth. Otherwise we as a nation are dead.
Ackman controls 10% 0f 1.2 billion Fannie and 10% of 600 + million Freddie.
UK, anything in those numbers provide insight how the quarter measured ? I wonder if this speech is projection of 2017 ? Just curious who assembles the Vans and appears 3rd party (not Plug) provides the Hydrogen ? Plug in the scheme provides FC Stacks and GenDrives to make system that fuels the engine ?
Reko, I agree with your accessment on Watt's posturing about recap and.reform. Once those documents released , we will affirm the embarrassment Sweeny tried to help them avoid. Being from Illinois, we are familiar with Obama and liberal distraction.
It was not a tie vote in the senate . The VP is irrelevant in this voting . Here is the vote count from House and Senate.
H.R. 3221 (110th): Housing and Economic Recovery Act of 2008
This was a vote to pass H.R. 3221 (110th) in the House.
It was not the final House vote on the bill. See the history of H.R. 3221 (110th) for further details.
Congress
110th Congress
Date
Aug 4, 2007
Chamber
House
Seat
position based on our ideology score.
Totals Democrat Republican
AYE 241 56% 215 26
NO 172 40% 9 163
NOT VOTING 20 5%
3 explanations via ProPublica
7 13
REQUIRED: Simple Majority source: house.gov
H.R. 3221 (110th): Housing and Economic Recovery Act of 2008
This was a vote to pass H.R. 3221 (110th) in the Senate.
It was not the final Senate vote on the bill. See the history of H.R. 3221 (110th) for further details.
Congress
110th Congress
Date
Apr 10, 2008
Chamber
Senate
Number
#96
Question:
On Passage of the Bill in the Senate
Result:
Bill Passed
on our ideology score.
Totals Republican Democrat Independent
YEA 84 84% 35 47 2
NAY 12 12% 12 0 0
NOT VOTING 4 4% 2 2 0
REQUIRED: Simple Majority source: senate.gov
Overwhelming Democrat in House and Representative in Senate. Not own by Republicans but owned by Bush and Democrats. But Senate Republican taller may indicate why they been so quiet. To be a fly on the wall.
Yes, Bush could have Veto.
The year 2007 to 2011 Senate was neutral or controlled by Democrat.
So not false if the Bill ran the Democrat rail and pulled a couple of Republicans. Again, I doubt this was a Republican Bill. Where is the gov sight that shows how the vote cast per Senator. And, Sight for House vote cast per House Representative. That is conclusive. I went to congress.gov. Print to small for failing eye sight. You or anyone that can provide.... Appreciate. Thank you.
Trusting my aging memory not enough.
Democrats never lost Senate until 2012. Democrats had the House 2006 and 2008. In Bush Jr. last 2 years, the Democrat controlled the Senate and House. Point is Republicans did not Sponsor or pass HERA. HERA IS UNCONSTITUTIONAL. It demands a private company allocate a stated dollar of Company profits be designated to a Government Social Policy Trust fund. Not a Republican to do thing. Subsidizing housing is what Reform battle about.
Obi, I agree with your conclusion. Anyone can see there were accomplices. As stated, many participated in the organizing, planning, executing and adjusting in attempt to succeeding. And the silence! Oh, lots of silence! Maybe past time one should worry less about having Justice and more about restoring Justice. One needs to know where the snake head is to avoid its poison.
$200 bil
$70. bil minus for. 35 % income tax
$130 bil
$20 Bil preffered
$61. bil. Fannie shareholders
$47. bil Freddie shareholders
Approx based on figures provided by your post.
Obi, good Sunday afternoon. Just read your figures . If correct or approx correct, Freddie Common should be smiling. Even though Freddie liquid value is $13 billion lower , the value per share is huge between Freddie $78 pps vs Fannie $40 pps. Freddie almost double Fannie on liquidation. Something missing ? Again, Freddie has half or greater less than Fannie . Major difference in value factoring per share.
UK, I read that Zacks brief on the options yesterday evening. Immediately checked that option $4 call strike price and found no volume traded yesterday. There is 7000 plus open interest contracts. That is 700000 shares. So, what do you think Zacks tsaying when facts support no volume yesterday ?
Do you mean FHA or FHFA ? Watt is FHFA.
MrFence , if there is DTA on FnF books, with tax cuts needed for Trump World to be great........what effect would the tax effects have on FnF DTAs? Which comes first..... Tax cuts or FnF resolve?
" what it states. The US Treasury, at its sole discretion, can "blow up the agreement," if a provision is declared illegal or unenforceable (unconstitutional). The covenant speaks for itself. "
Obit, so from this statement, termination awaits the court's "stamp " of " illegality"
or "unconstitutionality " ? Or, since Treasury doesn't have the judicial authority to determine "illegality " or " constitutionality " , does The Treasury have an option or another path where upon he can solely act to terminate the agreement ? If so option exsisted, might this be the quickest path President Trump and Treasure Nominee are referencing ?