something me and you share , fun.
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If you read "Annual Statement of Changes in Beneficial Ownership (5)" ... you may get what i tried to said...MNGA is confusing a lot investors. They may have a good plan : if i got this stock @72cents when price @ 1.6$ i sell it ...buy back later...inside or out side ...lol
look at 12/31/2015 MNGA @1.6$ but reward or add 72 cents....not make any good look for this stock and any sense
Time to cover...volume is up....here we go to 5$....GL
250k shares at 72 cents ...OMG ...big Scam
SA is suck...keep short...sell sell sell...GL
I been Shorting this one when Coker said SO...lol... GL http://www.valuewalk.com/2015/10/corker-now-says-fannie-and-freddie-should-be-reformed/
yes ...if you lost you could sue Coker lmao
1,500$ a share ...wow woo
This is all the Truth .....Government took Private property....that why they could not wind FnF down ...dirty and corruption!
2016 is FB year ....back at 2017 when FB at 250$ a share ....base on Virtual connection....GL
Does someone one leak earnings reports? OMG
bamm 5$ a share tomorrow, i take it .lol
The U.S. financial crisis drove a near-50 percent drop in sales of new cars and trucks, and a collapse of the market for new homes, driven largely by unemployment fears and problems getting deals financed. Even seven years later, the mortgage market remains dependent on government-backed Fannie Mae and Freddie Mac, despite the hopes of Congress and the Obama administration to have turned over their role of providing financing to lenders to the private sector by now.
http://www.cnbc.com/2016/01/26/chinese-bank-outlook-in-2016.html
Time is proving our thesis true. Fannie and Freddie have already benefited from post-crisis reform and are returning to simpler, safer business models. Under a range of scenarios, the companies are collectively expected to earn at least $21 billion per year. The United States Treasury has already recouped $36 billion more than it disbursed to Fannie and Freddie during the crisis, rendering this our nation’s most successful equity investment ever. In fact, Treasury’s current profit from Fannie and Freddie is almost three times more than it made from all of its other financial rescue programs combined. These figures do not even account for Treasury’s warrants to acquire 79.9% of each company’s common stock.
Today, Washington bureaucrats are unlawfully holding these profitable companies captive in a perpetual conservatorship. Congress never authorized Treasury to become Fannie and Freddie’s “overlord” – forcing the companies to spend all their capital on executive branch prerogatives and circumventing the legislature’s appropriations process. Indeed, the power of the purse remains vested in Congress under the Constitution. The Housing and Economic Recovery Act of 2008 does not authorize any federal agency to use these two publicly traded, shareholder-owned companies as a piggy bank. Yet, in an unprecedented abuse of executive power, the bureaucrats have illegally expropriated and de facto nationalized two of the most valuable companies in the world with apparent impunity. Worse still, their actions are now endangering our housing market, making it more difficult for lower- and middle-income Americans to access mortgage credit.
By preventing Fannie and Freddie from accumulating any cushion against potential future losses, Treasury is obstructing the ability of the Federal Housing Finance Agency (“FHFA”) to perform its duties as safety and soundness regulator of both companies. Treasury’s actions are also directly impeding the statutory obligations of the FHFA, as conservator, to “preserve and conserve [their] assets and property.” Even Fannie and Freddie’s political foes admit that this situation is untenable.
Given the dim prospects for comprehensive housing finance reform legislation in the foreseeable future, we believe that FHFA will ultimately heed the pragmatic advice offered by Senate Banking Chairman Tim Johnson on November 19 at a congressional hearing and “engage the Treasury Department in talks to end the conservatorship.” Johnson is not alone in his call for such action.
The Leadership Conference on Civil and Human Rights recently voiced concerns about the housing market’s growing inequities: “Any successful policy to promote affordable homeownership must involve strong leadership by Fannie Mae and Freddie Mac… eliminat[ing] the GSEs would be counterproductive; it would negatively impact communities of color and young people, and it would impede our ability to grow our nation’s middle class… in order to ensure the best path forward to increasing homeownership in the communities we represent, we believe it is vital to initiate serious discussions about unwinding the conservatorship and allowing Fannie and Freddie to begin rebuilding their capital… http://timhoward717.com
Obama 2007: “a tendency on the part of [the Bush] administration to try to hide behind executive privilege every time there’s something a little shaky that’s taking place.” (We Can’t Make this stuff up.)
http://timhoward717.com/2015/02/02/obama-2007-a-tendency-on-the-part-of-the-bush-administration-to-try-to-hide-behind-executive-privilege-every-time-theres-something-a-little-shaky-thats-taking-place-we-cant-make-this-s/
wait 4$ is coming!
sell day...GL Fnma
one morning i have my 25$ a share...http://www.valueplays.net/wp-content/uploads/15-00708-0023.pdf
only 3mil shares make the stock went down 20cents ??? perfect time to add more my position...GL
The move is likely to disappoint mortgage real-estate investment trusts, their investors and others in the real-estate industry who had argued the investment firms help promote mortgage lending by buying loans as other big mortgage investors, such as the Federal Reserve and mortgage-finance companies Fannie Mae and Freddie Mac, wind down or prepare to wind down their portfolios.
nope..there are bad future ...2yrs there will be a new way rib tax payers off again ...GL
Section 702 in Division O
Mr. BROWN. Madam President, today I wish to discuss section 702 in
division O of the Omnibus appropriations bill. It is a provision that
would prohibit the Treasury Department
[[Page S8857]]
from selling, transferring or otherwise disposing of the senior
preferred shares of Fannie Mae and Freddie Mac for 2 years.
In 2008, Treasury Secretary Hank Paulson and Federal Housing Finance
Agency Director James Lockhart placed Fannie Mae and Freddie Mac into
conservatorship and created an agreement that gave the Treasury
Department senior preferred shares in both entities. Since that time,
the GSEs helped stabilize the housing market by ensuring that families
had access to 30-year fixed-rate mortgages at reasonable rates and
lenders had access to a functioning secondary market. While the
government was initially forced to inject $188 billion into shoring up
these two agencies, it has since collected $241 billion. Taxpayers have
thus earned $53 billion during the conservatorship.
Mr. SCHUMER. Madam President, will the Senator yield for a question?
I am concerned that someone could read the provision as limiting a
future administration's authority to end the conservatorship after the
2-year prohibition absent congressional action. Does the provision
prohibit a future administration from taking any action after January
1, 2018, if it is in the best interest of the housing market, taxpayers
or the broader economy?
Mr. BROWN. I will say to my colleague from New York that it does not.
That is not the effect of the language. Any number of decisions could
be made after that date, when a new Congress and a new President will
be in place. Nor does this provision have any effect on the court cases
and settlements currently underway challenging the validity of the
third amendment. As the Senator from Tennessee said yesterday, ``this
legislation does not prejudice'' any of those cases.
Mr. REID. I associate myself with the comments of the Senator from
Ohio, Mr. Brown. If it turns out to be in the best interest of
borrowers, the economy or to protect taxpayers, the next administration
could elect to end the conservatorship on January 2, 2018. This is the
view of the Treasury Department as well. I would like to submit a
letter written to me on this issue that states that the provision binds
the Treasury only until January 1, 2018, and has no effect after that.
The agreement for this language to be included in the omnibus was
that the prohibition would sunset after 2 years and not create a
perpetual conservatorship. As then-Secretary Paulson described,
conservatorship was meant to be a ``time out'' not an indefinite state
of being.
Madam President, I ask unanimous consent that the Treasury letter be
printed in the Record at the conclusion of the remarks by Senator
Brown.
Mr. BROWN. Madam President, I thank the Majority Leader. The FHFA and
Treasury Department could have placed the GSEs into receivership if the
intent was to liquidate them. The purpose of a conservatorship is to
preserve and conserve the assets of the entities in conservatorship
until they are in a safe and solvent condition as determined by their
regulator.
There being no objection, the material was ordered to be printed in
the Record, as follows:
Department of the Treasury,
https://www.congress.gov/congressional-record/2015/12/18/senate-section/article/S8844-1
Delist is coming again?
So sell your house wife and dogs ...if your math is right ...peace ..lol
He try to break the laws in Legal way....that a shame of a Laws maker ....look very dirty to me .
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News 1.65 -0.12 DJ Omnibus Bill Bars Govt Sale of Fan, Fred Stock -- Market Talk
Dec 16, 2015 09:36:00 (ET)
9:36 ET - The omnibus spending bill released by Congress overnight includes a provision barring Treasury from selling the government's stakes in Fannie Mae (FNMA) and Freddie Mac (FMCC) until 2018. The move is likely to disappoint shareholders, who had hoped the Obama administration might release the companies from conservatorship. The administration has repeatedly rejected that option, but with Congress unlikely to take up housing-finance reform anytime soon, the omnibus provision would effectively cement the status quo into law for the next couple years. Shares of both are down about 1%. (joe.light@wsj.com; @joelight)
(END) Dow Jones Newswires
December 16, 2015 09:36 ET (14:36 GMT)
sell sell sell
sell more sell all dont hold it back ....
sell sell sell
I am out ....sell all my ....96c to 1.74 ...happy holiday for me ...GL
Sell sell sell ...any update information?
Restore fnf after market close !!??
In short, it's tough to argue with the assertion that the current arrangement is unfair, and it's also tough to argue with Ackman's calculations. However, the mathematical fact is that Fannie and Freddie would be unable to remain profitable on their own -- even if the original 10% dividend is restored -- without significant changes to its debt structure, and an exit from its conservatorship. Freddie Mac's recent losses, and Fannie Mae's less-than-stellar profitability, create additional obstacles for their investors' quests for change.
Report TOS
fair price 1.47$ ....with Grand 500mil$ MNGA will be 25$ a share ...GL
if ten Traders got same way i did ...Mnga will 1.20 $ next week
yeah i did buy at 96cents ...just get out this morning
next Q reports still (loss) and still a lot tress test to 4 $ a share.
If the plaintiffs succeed in invalidating the third amendment as beyond FHFA’s statutory power, on the other hand, many of their lawyers hope to win an order that would force the Treasury to count the nearly $130 billion paid in excess of the 10% dividend as a paydown of bailout principal. That would enable the GSEs to begin to rebuild capital and resume normal business, which would ultimately restore value to their shares.
http://fortune.com/2015/11/13/fannie-mae-freddie-mac-nationalize-housing-finance
50 c now corrected, have a good weekends ...out for a good week....GL.
now you can buy ....lol