something me and you share , fun.
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hold few shares like lottery tickets ...50$ a share just 'a dream'
Mrs.S is selling , I only had few shares !
So"There are some pitfalls, though. For one, current investors in Fannie and Freddie, many of whom have mounted vigorous legal challenges to the government sweeps, would probably be out of luck."http://www.marketwatch.com/story/this-plan-to-overhaul-fannie-mae-and-freddie-mac-just-might-pass-congress-2016-03-24?siteid=yhoof2
So? Suck it up and move on? Do you think USA Gov. will admit they're doing?
close 50c may see 25c tomorrow! not quite
I am out , MNGA delist 'is coming' ...selling idea to selling shares ...sad !
sell sell sell so i can buy buy buy
why do they need to build same thing over again? That how They use our tax money and bring this country to CHAOS 19 T$ dept.
Death Kiss is coming ??MNGA??
I did few days ago ! let see something new tomorrow!
look like MNGA makes no interest to investors? poor management do you think?
To Big to Jail ? or The Big Lie again!
Is Corker having 45mil$?
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
when you have money and power
. 33% loss#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
One morning FNMA opens 25$ ! GL
FNMA book value $3.48 http://af.reuters.com/finance/quotes/quote?symbol=FNMA.PQ
IU’s Tim Pagliara via @thehill: Make no mistake about it. @SenBobCorker never intended to jumpstart #GSE reform. https://t.co/4m7WmqCq5A
— Investors Unite (@_InvestorsUnite) December 22, 2015
Court room update pls???
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
nice ... thank you for Share...
I don't see money....Where is it ? "The Big Lie" ....there are to many reasons so they have to cover it up so hard or wipe it out. Look our Country is in Big Trouble 18 Trillions in dept. . Gl
As for Fannie and Freddie, U.S. taxpayers have already spent $134 billion to ensure that holders of their debt and asset-backed securities are paid in full.
A more sophisticated view of how China could face losses on its Fannie and Freddie holdings was offered separately by a popular Chinese economist on Thursday. Lu Zhengwei, a senior economist at China’s Industrial Bank Co., said in a report that the commitment by the Obama administration to pay back holders of the two mortgage giants’ securities amounts to an “empty check” without the support of the U.S. Congress.
“Looking at the current political situation in the U.S., for the U.S. congress to give a clear guarantee on this issue is almost impossible,” Lu said.
Lu said an outright default on the securities remains unlikely, but that the end of the Federal Reserve program of quantitative easing could cause the price of Fannie and Freddie securities to fall as interest rates rise on various debt instruments. He suggested that China sell its holdings of the securities.
It is doubtful that the U.S. government will allow a default on these securities, but Lu’s suggestion that Congress might balk at making the payments is at least plausible.
China has never disclosed the size of its holdings of Fannie and Freddie securities, but according to the U.S Treasury’s report on foreign holdings of U.S. securities, China held $454 billion of long-term U.S. agency debt as of June 30, 2009. That includes $358 billion of “asset backed securities…backed primarily by home mortgages,” and $96 billion of other long-term agency debt.
The bulk of those holdings are likely in Fannie and Freddie bonds and securities, though it also includes debt from other U.S. government agencies such as the Government National Mortgage Association.
According to separate figures from the U.S. Treasury, China has been steadily selling its holdings of agency securities since mid-2008. It sold a net $24.67 billion worth of agency securities it 2009, and $27.35 billion in the first 11 months of 2010, according to the data.
China’s sell off of Fannie and Freddie securities in 2008 was widely credited with pushing up mortgage rates in the U.S. at time Washington was struggling to revive housing sales. Weak demand for such debt from China and other foreign investors helped prompt the Federal Reserve to announce in late 2008 that it would take the step of buying up to $600 billion in debt from Fannie, Freddie and two other U.S. government-related mortgage businesses.http://blogs.wsj.com/chinarealtime/2011/02/12/much-ado-in-china-about-fannie-and-freddie/
"THE BIG LIE" is right, if not.....a lot liars go to jail and don't have to cover up documents!
I wonder if FnF can sue Corker fr 25% loss in stock value fr Oct.,2015?
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
yeah...all Corker's friends are listening...GL
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
yeah....let kick the CAN....not yes we can....do FRAUDs ....!!!
Wow ...nice ...thank you !
100%right ! mistake in few millions Tax ...that call cheat ...should be jail time . Tell ppl short the Stock...that monkey joke ...peace ! He knows what he planed no mistakes !
Coker busy with his Tax.....he forgot thing easy ..lmao
In upholding a district court ruling that government-sponsored enterprises are private companies, the 9th Circuit Court of Appeals may have just handed the Delaware GSE cases to the plaintiffs, writes Todd Sullivan. The defendants (the government) had argued that Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are "federal instrumentalities," and thus federal law, not state law, governs the conservator's power. Plaintiffs, on the other hand, argued the two are Delaware companies ruled by Delaware law, where the net worth sweep is illegal.http://seekingalpha.com/article/3954216-wall-street-breakfast-eyes-jobs-report
nope ....you can say what ever you want in here ..."It'Free"...Admin said....like sell sell sell...so i can buy buy buy ...lol
Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds
BY ADAM BRANDON
07/11/2008
As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.
The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."
FreedomWorks President Matt Kibbe commented, "The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries."
"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors."
"A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics."
U.S. Treasury Report on Foreign Portfolio Holdings of U.S. Securities Page 28
Log in or register to post comments.http://www.freedomworks.org/content/chinese-government-top-foreign-holder-fannie-mae-freddie-mac-bonds