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Looks like we got ourselves a shooting star...
That's what the farmer was doing...reallocating his raisins for another fruit stock and the government said no no no...you're a raisin farmer, you can only grow raisins...???...since when has a farmer been limited to a certain crop? If it ain't growing due to changes in the climate and water consumption, then a farmer can change his crops to adjust with changes in the earth...that doesn't give the government the option to confiscate a farmer's raisins or any other crop...
If ya can't PMs...that's good sign, it means you're normal...
Our government is stealing raisins? WTF?
Then you're playing your strategy too short...try expanding the chart perspective, it will help in buying-in too early and selling-out too early(chase reduction)...
Ah...yes...I remember those sub-dollar day movements...those were the epic days...look at your ADX Strength signal...it's very weak...your fast schochastic hitting the buy signal(oversold)...yes yes...rsi macd volume...typical signals...but look at your other techs...
Is it?...will you repeat that tomorrow and the day after? Promise?
tisk tisk...that's greed talking...follow the trend...
Tomorrow is last day to load...don't wait too long...remember what happened last time...just giving you a heads up...again...girly girl...
Oh sorry... wrong button...
If he cared, he would have done something anyway. As long as money is flowing in for him to use as he pleases...that's all that matters for him. He can careless what happens after he retires and moves into his big mansion. It is not the Democrats that want less government intervention...it IS the Republicans...This WILL go into the hands of the Republicans. Republicans will end up reforming and releasing the GSE's back to the private market. History repeats itself...Republicans released the GSE's once...and they'll do it again...
The title is conservatorship...however, the process that's taking place is not even close to the definition. As I recall, in conservatorship, dividends payments are not allowed...it doesn't matter who it is...shareholders, government, family members...not even God...it simply is not allowed...hence it's called conservatorship...to CONSERVE...yet the government goons have a serious problem comprehending what that means to them...
Who said anything about cancelling shares? Don't tag my posts with your analogy...it's WONG!
Unfortunately, NYSE will not accept companies under conservatorship since it is considered the same as bankruptcy...
It seems Ruth Mantell is filling that void he left these days...
If I remember correctly he began degrading the GSE's ever since Ackman notified publicly his purchase in the GSE's shares...maybe he's not so much a hater of the GSE's, but more so Ackman?
...no they can't exercise the warrants...it's deemed illegal now...
ooh...lucky guy you...
Judge Rules in Former AIG Chief Greenberg’s Favor in Bailout Trial
Court awards no damages in case involving legality of government’s equity stake in insurer
Maurice "Hank" Greenberg at his New York office late last month. PHOTO: EVAN SUNG/BLOOMBERG NEWS
By LESLIE SCISM
June 15, 2015 12:12 p.m. ET
A federal judge ruled that the U.S. government exceeded its authority in its 2008 rescue of American International Group Inc., handing former AIG Chief Maurice R. “Hank” Greenberg a moral victory in a case that once seemed unwinnable.
But the judge didn’t award Mr. Greenberg and other members of a class of about 287,000 shareholders any money, accepting the government’s arguments that the company’s alternative to the government bailout had been a bankruptcy filing that likely would have left shareholders with nothing.
“The government’s unduly harsh treatment of AIG in comparison to other institutions seemingly was misguided and had no legitimate purpose,” judge Thomas C. Wheeler of the U.S. Court of Federal Claims wrote in his 75-page opinion.
At the center of the case is a dispute about the breadth of the Federal Reserve’s powers, and the limits on its discretion, during the financial crisis.
The government demanded a 79.9% equity stake in the then-teetering financial-services conglomerate in exchange for providing an $85 billion loan at an initial 14.5% interest rate. At the time, U.S. officials said the government acted because AIG was so entangled with other firms around the world that they feared its collapse would be catastrophic to the global financial system.
To award damages “would be to force the government to pay on a propped-up stock price that it helped create with an $85 billion loan,” Judge Wheeler wrote.
Mr. Greenberg’s class-action lawsuit maintained that a decades-old law governing such emergency loans by the Federal Reserve restricted the nation’s central bank from taking the equity stake.
AIG by the end of 2012 had fully repaid the massive bailout—-which reached nearly $185 billion at its peak—by divesting many units and returning to profitability in its core property-casualty and life-insurance businesses. The government earned a return of about $20 billion.
Write to Leslie Scism at leslie.scism@wsj.com
http://www.wsj.com/articles/judge-rules-in-former-aig-chief-greenbergs-favor-in-bailout-trial-1434384756
Notice the red volume bar but the pps is holding...I wish you were right, but it's not the case...well...just turned green...oh well...I guess we're headed up from here...
It's actually heavy buying...
The government will have difficulty replicating this with the GSE's now...
the ruling may still limit the Federal Reserve’s ability to deal with the next crisis.
U.S. judge tosses damages bid by ex-AIG CEO Greenberg over 2008 bailout
WASHINGTON, June 15 (Reuters) - A U.S. judge on Monday ruled the U.S. government does not owe Maurice "Hank" Greenberg and other American International Group shareholders any damages over the company's 2008 bailout.
Former AIG CEO Greenberg, through his company Starr International Co, sued the U.S. government in 2011, arguing the terms of the initial $85 billion loan package were unduly onerous, including an almost 80 percent U.S. stake in AIG.
Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled in favor of Greenberg on the issue of law, but Greenberg had sought as much as $50 billion in damages on behalf of Starr and about 270,000 other shareholders.
Starr International Co was AIG's largest shareholder at the time of the bailout, with a 12 percent stake.
(Reporting by Lindsay Dunsmuir)
http://finance.yahoo.com/news/u-judge-tosses-damages-bid-155036938.html
Hank Greenberg’s Starr Wins Trial But No Damages in AIG Suit
The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that doesn’t mean AIG investors deserve compensation, a court ruled.
What began as a long-shot lawsuit by Hank Greenberg’s Starr International Co. gained credibility over years of failed government attempts to dismiss it. During an eight-week trial, Starr’s lawyer David Boies grilled Ben Bernanke, Hank Paulson and Timothy Geithner, and U.S. Court of Claims Judge Thomas Wheeler repeatedly ruled in Greenberg’s favor.
More from Bloomberg.com: Greece Enters Fateful Week as Brussels Talks End Fruitlessly
But in the end, Greenberg -- who had sought at least $25 billion in damages for shareholders -- got nothing. Though the absence of an award may temper the judge’s dramatic rebuke of the government handling of the bailout, the ruling may still limit the Federal Reserve’s ability to deal with the next crisis.
The case is Starr International Co. v. U.S., 11-cv-779, U.S. Court of Federal Claims (Washington).
http://www.bloomberg.com/news/articles/2015-06-15/hank-greenberg-s-starr-wins-trial-but-no-damages-in-aig-suit?cmpid=yhoo
Bailout Scorecard
Fannie and Freddie
The total amount invested in Fannie and Freddie so far is $187B.
The Treasury has been earning a return on its investments, which has resulted in a profit. So far the companies have paid $228B in dividends to the Treasury.
https://projects.propublica.org/bailout/main/summary
You worried? It's cheap as hell right now...
Returning shares back to lender...
I already sold those and rebought...I don't hold my fluff shares indefinitely so people who short like you can make take mine...happy trading fella...
Oh no, we don't want to get rid of your free money...so help us revive the GSE's...
Still laughing?
It is in...wait for it...it's brewing...
To reduce losses...they know they're going to lose...
It'll only take one big ASK slappin' to get this ball rolling...
Just so that ya'll know...this thing isn't running for about another 2-3 weeks based on the converging triangle...unless some news hits...it needs to hit the scanners so people will get attention...but now is a very good time to buy with your fluffies if you want to get in before it hits the scanners...
come on $2.43...
Is he really Black American or Black Muslim?...his middle name is Hussein...would he really care if Black Americans aren't able to afford a home in America if those Americans didn't have a Muslim middle name?
Barack Hussein Obama: Once a Muslim, Always A Muslim
Don't hate the players...hate the game...