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Well, that's significant since it puts the onus on Congress and not FNF. Rather positive, as I see it.
Whoever reported that is disengenuous at best. He did disclose it, but not as the director of the LLC. Which was what all the to-do about nothing was about.
If you listened to the testimony, you'd know.
Crap, I missed it. What did he say?
Senator Hatch just bitch slapped the entire committee about the offshore accounts. Called them hypocrites! Nice.
lol that was awesome! He's killing it in this interview. Crapo up now ... hoping to hear something on the GSEs
MNuchin hearing going well so far. He's very poised and prepared. All answers are direct and complete. This is a shoe in.
Yes, he did his job. Oh the horror! Lol
It's just a dog and pony show to make us citizens feel all warm and fuzzy that politicians are working for us. But the reality is it's all an act. The only reason to stop confirmation would be gross criminal conduct. He's going to be confirmed.
FNMA will probably be trading on low volume until then.
What video are you referring to?
Absolutely not going to happen.
A doji is where Sensei Reese trained the Cobra Kai to beat up the karate kid.
Very well said.
That's exactly the point. It's circular.
I disagree with comparing it to the CPI since there's interest on loans involved here. 30 years is (on average) just under half of someone's life. Our masters have figured out a way to keep us in debt that long if we buy a home. So, half of everyone's life goes towards paying interest on loans to banks. That's how the income gap keeps widening.
Nice to see other sane people still exist in America :)
The thought that someone is so rich, they can single handedly manipulate a stock like this is both unbelievable and scary-believable at the same time.
Lol. I'm baffled by the sudden attention to a 3 year old post. Go FNMA!!!! :)
What a wild day. I've been sitting on about $20,000 waiting to buy a second home. But I decided to not get it now and will use it to flip some shares here.
Congratulations to anyone who traded yesterday.
Not sure why people are responding to this post almost 3 years later...(my gosh, has it been that long?!!!)
I recognize the irony. But don't hate the players, hate the game. Am I supposed to ignore a smart investment opportunity because I disagree with the business model? The GSEs are here to stay. My investment, or lack there of, isn't going to change that one iota.
Speak of the devil...
INVENSENSE, INC. SHAREHOLDER ALERT: Rigrodsky Font size: A | A | A
undefined undefined | BusinessWire
Rigrodsky & Long, P.A.:
-- Do you own shares of InvenSense, Inc. (NYSE: INVN)?
-- Did you purchase any of your shares prior to December 21, 2016?
-- Do you think the proposed buyout price is too low?
-- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of InvenSense, Inc. ("InvenSense" or the "Company") (NYSE: INVN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by TDK Corporation ("TDK"), in a transaction valued at approximately $1.3 billion.
Click here to learn more: http://rigrodskylong.com/investigations/invensense-inc-invn-buyout.
Under the terms of the agreement, shareholders of InvenSense will receive $13.00 in cash for each share of InvenSense common stock.
The investigation concerns whether InvenSense's board of directors failed to adequately shop the Company and obtain the best possible value for InvenSense shareholders before entering into an agreement with TDK.
If you own the common stock of InvenSense and purchased your shares before December 21, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/invensense-inc-invn-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20161221005965r1&sid=cmtx6&distro=nx&lang=en
View source version on businesswire.com: http://www.businesswire.com/news/home/20161221005965/en/
SOURCE: Rigrodsky & Long, P.A.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
Great news. I wonder if we get cash or converted shares or a combination of both.
Go back and read the entire post. It's all there
Not him. Too small a number for Buffett.
The bill also cancels the government’s senior preferred shares and ends the requirement that they pay a dividend to Treasury each quarter. Those shares currently have a liquidation preference of $187 billion, an amount equal to the government’s injection of bailout funds into the companies. Last year, Fannie and Freddie paid dividends amounting to $15.8 billion to Treasury.
The purpose of ending the dividends to Treasury is to accelerate recapitalization, Mr. Mulvaney said. So why not restore them once the companies were fully capitalized?
“That’s something I would be open to when we mark up the bill,” Mr. Mulvaney said.
****HUGE NEWS!!!!!!!*****
WE ARE GOLDEN! TRUMP ADMINISTRATION PUTTING TOGETHER THE GSE DREAM TEAM!!!!!
President-elect Donald Trump said Saturday he would nominate Rep. Mick Mulvaney (R., S.C.) as his budget director, which would place a fiscal conservative who has warned against larger deficits in charge of the White House Office of Management and Budget.
If confirmed by the Senate, Mr. Mulvaney would be charged with putting together Mr. Trump's initial budget proposal to Congress, which is likely to include campaign promises such as the repeal of the Affordable Care Act, an overhaul of the tax code and an infrastructure-spending program.
The OMB director also coordinates major new executive-agency regulations, which would give Mr. Mulvaney a key role in attempting to repeal scores of Obama-era rules, another of Mr. Trump's campaign promises.
"Right now we are nearly $20 trillion in debt, but Mick is a very high-energy leader with deep convictions for how to responsibly manage our nation's finances and save our country from drowning in red ink," Mr. Trump said in a statement Saturday.
Mr. Mulvaney was elected to Congress in 2010 as part of the tea party wave. Before going into politics, Mr. Mulvaney worked as a lawyer and started a small home-building company.
In a statement, Mr. Mulvaney said, "The Trump administration will restore budgetary and fiscal sanity back in Washington after eight years of an out-of-control, tax and spend financial agenda, and will work with Congress to create policies that will be friendly to American workers and businesses."
Several former members of Congress have held the budget post in other administrations, including Sen. Rob Portman (R., Ohio) for President George W. Bush and Leon Panetta under President Bill Clinton.
The selection of Mr. Mulvaney is notable in part because as a member of the House Freedom Caucus, a group of conservative lawmakers, he has been critical of recent bipartisan efforts to boost spending above caps approved by lawmakers earlier this decade.
Mr. Trump has proposed big spending increases in defense, veterans' health care and infrastructure. "Sometimes you have to prime the pump," he told Time Magazine last month.
Mr. Mulvaney, meanwhile, said last month he hoped Republicans would be as committed to spending discipline under Mr. Trump as they had been under President Barack Obama.
"You can't just like spending that your party wants and dislike spending the other party wants," he said in a November interview. On infrastructure, for example, he said any new spending shouldn't add to deficits. "You'd like to think we could be consistent, and a Republican deficit is the same as a Democrat deficit," he said.
Write to Nick Timiraos at nick.timiraos@wsj.com and Peter Nicholas at peter.nicholas@wsj.com
****NOW READ HIS PROPOSED BILL*****
http://blogs.wsj.com/moneybeat/2016/05/17/the-latest-fannie-and-freddie-reform-bill-offers-a-bonanza-for-hedge-funds/
Cool, thanks!
That's the consensus
I seriously hope there's not another delay attempt, but I fully expect it. This court case is like sitting through a 12 hour rain delay, waiting for the best hitter to step up in the bottom of the 9th with 2 outs and 2 on, down by 1 in game 7 of the World Series.
Clay,
I always see posts about "stock manipulation" by MMs. To me, it's just some people's way of explaining a relatively normal stock swing to make themselves feel comfortable with their investment or explain movement they don't understand.
What say you? Is stock manipulation a real thing or fallacy?
I find most people are "wishers" but not willing to take the risks needed to become great. In today's society, people have become lazy, not willing to earn what they desire. They expect their dreams to drop out of the sky in their laps without effort.
I've got a friend who is the "woulda shoulda coulda " guy we all know. I told him about FNMA a couple of years ago...many times. Always got, "yea, I need to do that. Send me the info." But he never acted on it. However, he feels the need to get a new iPhone every year. With the money he spent on those dumbphones, he could have gotten 2,000 shares minimum. He will be kicking himself when he sees me retired completely at 42 while he works in a job he hates at 52.
Thankfully, a few friends listened to me and, while only hold several hundred shares, they invested what they could afford and are happy so far. I'm looking forward to meeting some of you in Vegas.
Go FNMA!
Lol. Here we go again. Jump on the GSE coaster! It's the best ride on Wall Street!
I am hopeful that we close and hold above $5 this week. Today's move indicated bulls are in full control.
Lol. Touché
This stock is nuts. Has anyone seen swings like this before?
If the buyout is at $12, then we get that and probably a few shares of new ticker.
I understand that part of gap theory. AAPL won't fill a gap at $5. But in FNMA it seems like it's inevitable.
If he is, that's a good sign Trump is aware of the situation and plans to release the GSEs. You don't pick people for jobs out of the blue. There's intent and purpose behind it. Seems like his cabinet picks are working in our favor.