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next week above 2$ FNM really run strong next week
1.32$
Thanks master
wooowwwwww next week easy 2.50$
FNM 1.04 in EUROPE
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor
FNM 1.04 in EUROPE
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.
FNM my favorite !!!!
FRE 0.96$ in Europe
Super Duper News here guys!! The shorts will sweat very soon!
The inventory of homes for sale in California dropped sharply in October as the pace of sales picked up, a report said Tuesday.
The California Association of Realtors Unsold Inventory Index for existing, single-family detached homes in October 2008 was 5.9 months, compared with 15.2 months for the same period a year ago.
The index shows the number of months needed to deplete the state’s supply of homes on the market at the current sales rate.
CAR said the median number of days it took to sell a single-family home was 45 days in last month, compared with 58.8 days for the same period a year ago.
“Statewide sales increased significantly in October to 552,750 homes on an annualized basis, the highest sales level since late 2005,” said CAR president James Liptak. “The record gain stemmed primarily from extremely large increases in regions with a high concentration of distressed sales.”
The Realtors reported that home sales increased 117.1 percent in California last month compared with the same period a year ago, while the median price of an existing home fell 39.9 percent to $311,060.
The Sacramento area was not immune to the price drop.
The median price of an existing home in Sacramento fell 34.8 percent to $195,000, with the city of Sacramento seeing a 45.1 percent drop to $150,000. Elsewhere in the region, the median price of a home in El Dorado County was $387,000, down 3.7 percent; in Placer County it was $320,000, down 20 percent; while in Yolo County, it was $279,000, down 22.5 percent.
Statewide, the 10 cities with the highest median home prices in the state during October 2008 were: Newport Beach, $1.15 million; Danville $883,250; Mountain View, $860,000; Santa Barbara, $835,000; Los Gatos, $810,000; Cupertino, $804,500; Santa Monica, $744,500; San Mateo, $740,000; Redondo Beach, $727,500; and San Ramon, $710,500.
Thirty-year fixed-mortgage interest rates averaged 6.20 percent during October 2008, compared with 6.38 percent in October 2007, according to Freddie Mac. Adjustable-mortgage interest rates averaged 5.21 percent in October 2008, compared with 5.68 percent in October 2007.
$1 Today ?
0.84$ 10,000 X 0.89$ 5,200
FNM & FRE Agressive BID in PREMARKET !
FNM & FRE Agressive BID in PREMARKET !
The Return of Larry Summers ,
http://www.nytimes.com/2008/11/26/business/economy/26leonhardt.html
Related
Economix: Summers and Science and Women (November 25, 2008) A few weeks ago, I called a well-known economist with a question about the financial crisis. “I hope the only reason you’re calling me,” he said, “is that you couldn’t reach Larry.”
Larry would be Lawrence Summers, the intellectually fierce economist whom Barack Obama named this week as his lead economic adviser inside the White House. Until recently, it would have been hard to imagine Mr. Summers — who held a higher-ranking job in the Clinton administration and was very publicly forced out as the president of Harvard only two years ago — in this particular job.
Yet there he was at a news conference on Monday, standing just over Mr. Obama’s left shoulder. And the comment made by that well-known economist goes a long way toward explaining why.
Over the last two years, Mr. Summers has carved out a role unlike anyone else’s in the Democratic Party. He has been something of a shadow economic minister, laying out in real time how a Democratic administration would have responded to the financial crisis. When other economists and policy makers have questions, they often call Mr. Summers.
He is also the centrist who has made it safe for other centrist Democrats to move to the left. Both times I’ve interviewed Mr. Obama this year, he has brought up Mr. Summers, unbidden, and pointed out that Mr. Summers was now writing a lot more about the plight of the middle class than about budget deficits. At Monday’s news conference, Mr. Obama called him “a thought leader.”
Below is an issue-by-issue guide to Mr. Summers. Before we get to it, though, there is a broader point.
Years ago, Henry Kissinger suggested that Mr. Summers be given a White House post in which he was charged with shooting down or fixing bad ideas. Mr. Summers’s loyal protégés — Timothy Geithner, who beat him out to become the next Treasury secretary; Peter Orszag, the next budget director; Sheryl Sandberg, the chief operating officer of Facebook; and others — say that Mr. Summers can make them smarter in ways that almost no else can.
“I find that five minutes of talking to Larry is often more valuable than an hour of talking to someone else,” Mr. Geithner says.
But Mr. Summers also has a habit of alienating some people who could have been his allies. His ill-considered, though also sometimes exaggerated, remarks about women and science are the best-known example. (For more on what he did say, go to nytimes.com/economix.)
If he can avoid such mistakes — and be careful to criticize ideas rather than people — he may find himself ideally suited to the moment. The stakes are clearly huge. And given that the Obama administration is planning to spend $600 billion or so stimulating the economy over the next two years, some less-than-great ideas will doubtless be making the rounds.
On to the issues:
THE FINANCIAL CRISIS Back in December 2007, when officials at the Federal Reserve and in the Bush administration were saying a recession was unlikely, Mr. Summers gave a speech with a different forecast. He said that it was “distinctly possible we’re headed into a period of the worst economic performance since the stagflation of the late 1970s and recessions of the early 1980s.” More recently, he predicted that the financial markets wouldn’t return to normal for a long time.
Expect him to urge Mr. Obama to be aggressive and creative in trying to jump-start lending — and to avoid the rosy predictions that have made the Bush administration appear to be out of touch. Mr. Summers likes to say that there is no silver bullet. He is instead likely to argue for trying many different things and erring on the side of overreaction.
(One example: Unlike many Democrats, he is a longtime critic of Fannie Mae and Freddie Mac. Yet he still says they need to get even bigger during the crisis, to keep mortgage lending flowing.)
The lesson of the Depression and of Japan’s “lost decade,” Mr. Summers says, is that governments facing a credit squeeze are usually too meek. If you wait to take radical action, like the new $800 billion program to promote lending, until it seems unavoidable, you have usually waited too long.
INEQUALITY Mr. Summers has spent much of his career tweaking fellow liberals with arguments he considers unpleasant truths — on the dangers of budget deficits, the benefits of capitalism and other subjects. But he seems to have decided that conservative orthodoxies have become a vastly bigger threat to good economic policy than liberal ones. His favorite argument today is one that instead drives some conservatives nuts.
It goes like this: To undo the rise in income inequality since the late ’70s, every household in the top 1 percent of the distribution, which makes $1.7 million on average, would need to write a check for $800,000. This money could then be pooled and used to send out a $10,000 check to every household in the bottom 80 percent of the distribution, those making less than $120,000. Only then would the country be as economically equal as it was three decades ago.
The lack of middle-class income growth during that span is “the defining issue of our time,” Mr. Summers has said, in a tacit admission that liberals were ahead of him on this issue. He is likely to be front and center in Mr. Obama’s push to reduce taxes on the middle class and create good jobs. Mr. Summers may also push the administration to work with foreign
GOLDMAN KNOW SOMETHING BIG........http://www.mffais.com/institutions/125469/
BIG BUYER 3 DAYS BEFORE UPTREND STARTS
fannie be above $1 tomorrow
FANNIE AND FREDDIE ABOVE 1$ tomorrow
GOLDMAN SACHS BOUGHT 30 MILLION SHARES OF FANNIE LAST DAYS !!!!
AGRESSIVE COVER IN PROGRESS?
GOLDMAN SACHS BOUGHT 30 MILLION SHARES OF FANNIE LAST DAYS !!!!
AGRESSIVE COVER IN PROGRESS?
AGRESSIVE COVER IN FNM & FRE !!!
Larry Summers wants FNM AND FRE to be bigger !
http://www.nytimes.com/2008/11/26/business/economy/26leonhardt.html
Larry Summers wants FNM AND FRE to be bigger !
http://www.nytimes.com/2008/11/26/business/economy/26leonhardt.html
from yahoo boards ....... Goldman target 5$ ?
I smell $1 at close !
WAMUQ Who are buying 500k,800k,1 million, 4 million share blocks ?
WAMUQ Who are buying 500k,800k,1 million, 4 million share blocks ?
WAMUQ FOLKS WAMUQ UPTREND STARTS !!!!!!!!!!
UPTREND starts ?
Cover shorting ?
Yes , obvious JPM before offer money for my shares
Comments about options activity ......http://finance.yahoo.com/q/op?s=WAMUQ.PK
Who are buying 500k,800k,1 million, 4 million share blocks ?
AGRESSIVE COVER SOON !!!!!!!!!!!!!!!
Tomorrow easy 0.12 $
dow UP 11%
DOW UP 11%
FOR NEW INVESTORS !!!!!!!!
NO REAL SELLERS NO VOLUME!!!!!!!!!!!!!!
From Yahoo Boards....JPM PIG - THE NEWS BREAK OUT AROUND THE WORLD ////////////////////////////// 2-Oct-08 05:02 pm Chrology of Events: PERFECT ROBBERY
Apr 08- JPM has eyes set on WAMU. It finds WAMU books really attractive and valuable and offers $8 per share. WAMU turns down and gets $7 bil investment from private group TPG
Fast Forward- Sept 08 - its been 5 months since JPM offered $8per share.
WAMU assures investors that it is well capitalized till 2010 with $50 billion liquidity
As per this video, WAMU CEO also sends out letter to stock holders assuring things are good