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WOW Read this. Edwards plaintiffs knocked FHFA's substitution motion flat on its face.
"The Edwards Plaintiffs delivered their Response to Judge Scola today opposing FHFA’s renewed substitution motion. The Edwards Plaintiffs argue tht (i) their claims are direct claims against Deloitte, (ii) FHFA has a debilitating conflict of interest, and (iii) shareholders suing Deloitte doesn’t restrain or affect FHFA fs exercise of powers or functions as conservator. A copy of the Response is attached to this e-mail message." - Glen Bradford
http://www.glenbradford.com/wp-content/uploads/2016/08/16-cv-21221-0020.pdf
Substantial increase in buy volume yesterday.
"The continuation of the sweeps through the conservatorships is a violation of every principle established in bankruptcy and in the more than 80 years of FDIC bank resolutions. And, it has no support in HERA." - Michael Krimminger
Michael Krimminger is a partner at Cleary Gottlieb, and former general counsel at the Federal Deposit Insurance Corporation (FDIC).
http://www.realclearmarkets.com/articles/2016/05/23/the_favoritism_underlying_fannie__freddies_conservatorship_102179.html
With 58% short volume, setting up for a SQUEEEEZE!
Bring on the MOASS!
I'm not reaching out to anyone's wife about an issue that has nothing to do with with me, in an effort to discred or bring turmoil into their life and neither should anyone else. As much as I dislike the guy, contacting his wife would be a no go.
Hey @carney, check out @mtaibbi over at RollingStone for an example journalistic integrity concerning the GSEs.
http://www.rollingstone.com/politics/news/why-is-the-obama-administration-trying-to-keep-11-000-documents-sealed-20160418
Let's not conflate classification with [presidential] privileged communications. One is deemed classified by a classifying authority and the other is simply exempt from FOIA, court discovery, etc. by the stroke of an executive pen, or wiggle of the nose or fart in the oval office's HVAC system or whatever method they use. Although [presidential] privilege was originally intended for national security issues, it is being abused under this administration at an unprecedented scale (FHA communications. really??).
So has bk provided any documented proof to his claim that FDIC-R is released? Sorry I'm travelling and don't have time to read through 800 back and forth exchanges.
Roger that - Already tracking what WMILT is DISCLOSING as a recovery range. I'm referring to the actual recovery values if/when they take place.
That's probably what they want, then they can cry "Failed Business Model!" and give it to the TBTF banks pulling their strings.
Correction: Table with colored bar-ish looking cells. This will be fun when it comes time to plug the values returning to escrow holders into it.
Nice work detective.
Cute little bar chart. Will be a lot of fun to regurgitate this at some later date...
So what would a Delaware trial outcome favorable to shareholders ultimately accomplish if FHA/Treasury/Obama admin ultimately exercise executive privilege and attempt to keep the sweep in tact? A state's rights constitutional crisis?
So are we golden or what? Bought me some tickets and just kept them tucked away all these years.
Premarket looking good. So I've got that going for me, which is nice.
YuGE!!!! WAMU Asset Corp owned by escrow holders, correct?
Add kilshaw to list please. Thanks. Evetyone bring nametags with your ihub handle on it...
Is it just me or is Corker using his position to urge a short a position a sign of desperation?
Check out the after hours action:
After Hours: 3.25 +0.68 (26.46%)
I'm guessing that common and preferred are not golden then?
Around 12K shares of LEHNQ which is a CT I believe, 500 shares of LHHMQ in addition to Several categories of markers that are no longer trading:
525ESCB16
LEHMAN BRTH HLD: 750 shares
524ESC639
LEHMAN BROTHRS HLD: 8500 shares
524ESC100
LEHMAN BROTHERS HOLDINGS: 28,800 shares
I kind of went on a buying spree soaking up FNMA, FMCC, WAMU and Lehman classes post apocalypse.
Thanks but no thanks.
Been sitting on a few thousands shares for several years now not paying much attention. Is a recovery really a possilty now?
Has John Carney changed his tune? He is now quoting Ackman re yesterday's event on his Twitter feed.
Deutsche Bank Upgrades American Airlines Group to Buy (AAL)
Posted by Jim Brewer on Sep 3rd, 2015
American Airlines Group (NASDAQ:AAL) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a $50.00 target price on the airline’s stock, up from their prior target price of $38.98. Deutsche Bank’s price objective points to a potential upside of 20.45% from the stock’s previous close.
Several other research firms have also commented on AAL. Imperial Capital reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of American Airlines Group in a research report on Tuesday, July 28th. Zacks upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Bank of America reaffirmed a “neutral” rating and set a $48.00 price objective (down previously from $50.00) on shares of American Airlines Group in a research note on Wednesday, July 15th. Vetr raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $55.90 price target on the stock in a research note on Tuesday, May 19th. Finally, Barclays restated a “buy” rating on shares of American Airlines Group in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $55.56.
American Airlines Group (NASDAQ:AAL) opened at 41.51 on Tuesday. The stock has a market cap of $27.89 billion and a P/E ratio of 7.17. American Airlines Group has a one year low of $28.10 and a one year high of $56.20. The firm’s 50-day moving average is $41.10 and its 200 day moving average is $45.22.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 24th. The airline reported $2.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.60 by $0.02. During the same period in the previous year, the company posted $1.98 earnings per share. The firm had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.89 billion. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that American Airlines Group will post $8.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%.
In related news, CEO W Douglas Parker sold 60,379 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.92, for a total transaction of $2,349,950.68. Following the completion of the sale, the chief executive officer now directly owns 1,661,386 shares of the company’s stock, valued at approximately $64,661,143.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
American Airlines Group Inc. (NASDAQ:AAL) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary comprise US Airways, Inc. (US Airways) and its other wholly-owned subsidiary companies include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAG’s primary business activity comprises the operation of two network carriers through its main, wholly-owned mainline operating subsidiaries: US Airways and American. The Business ‘s airlines run an average of approximately 6,700 flights per day to around 339 destinations in around 54 states from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.
http://www.wkrb13.com/markets/766598/deutsche-bank-upgrades-american-airlines-group-to-buy-aal/
Anybody hedging common share bets with perferreds? If so at what ratio?
Folks we have a Republican congressman on the House Committee of Financial Services spearheading a plan to recapitalize FNF whereby aligning him with multiple lawyers in the FNF saga, Obama golfing buddies, democrat leaders and community spokespeople (Sharpton.. cough.. cough..) urging the recapitalization of these two institutions due to their ability to bring homeownership to communities where otherwise inaccessible.
The solution here is public private partnership and the right amount of strategic regulation in lieu of the current model of government urging no lending standards, high risk absorbed by the private institution(s) / investors of securitized products and inevitable conservatorship of the failed institutions. They need FNF capitalized in order to do that.
About to see a slow buildup of support in congress here once the Administration gets behind it. If they can garner enough support to pass a sh*tty Iran deal, they certainly should be able to get enough support for this since it will ultimately help minorities and lower income folks.
About to get on the phone with Mulvaney's office to inquire about his FNF recapitalization initiative.
Anybody have a politico subscription? Tempted to buy one just for this article.
http://politico.pro/1FjRcr9
"A new, possibly bipartisan bill being drafted in the House would recapitalize Fannie and Freddie, per sources http://politico.pro/1FjRcr9"
@JonAPrior tweet Retweeted by #FannieGate
American bulls signal rating now a Buy!
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=FNMA
Could someone on this board who was in the courtroom the day that Rosen and Sussman exited the chamber please confirm that the look on Rosen, et al's face was indeed a look of distress?
I am only interested in eye witness acounts rather than hearsay.
Thanks in advance.
Umm yeah not sure that the left's utopian ideals of both planned / managed economies and planned / managed culture qualifies as "worrying about one's self" considering history has shown us that the cost of implementing such ideals, whithout fail, requires wholesale murder on a grand scale.
I recently got a 3.25 / 3.4 APR on 30 yr. I'm told that this is the absolute lowest rate one can get on a 30 year term.
Everytime I see Bernie Sanders speak, I imagine oatmeal spilling out of his bottom lip all over his shoes. I gues the oatmeal is a metaphor in my mind for the socialist drivel spewing from his gob.
Leftists aren't trying to shut down the coal industry. They are trying to steal it. Sorros buying up shares of Peabody Energy and Arch Coal on the cheap.
http://www.americanthinker.com/blog/2015/08/wow_obama_drives_down_coal_company_stocks_and_soros_buys_them_on_the_cheap.html?utm_source=twitterfeed&utm_medium=facebook
Leftists aren't trying to shut down the coal industry. They are trying to steal it. Sorros buying up shares of Peabody Energy and Arch Coal on the cheap.
http://www.americanthinker.com/blog/2015/08/wow_obama_drives_down_coal_company_stocks_and_soros_buys_them_on_the_cheap.html?utm_source=twitterfeed&utm_medium=facebook
Doesn't seem like a move that would be made by a company that just happened to stumble upon a 100 billion windfall now does it?
Mr. Sharpton must own shares.
power hour?
What is this? The most abused stock for value investors known to man?