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Trade halted ?
Ackman and Berkowitz might dump without notice.
Like, when this is supposed to reach 60 ?
All these stock promos are sent after is being pumped. I' ll unsubscribe from all of them
They got me all naked at 0.0380
20k% ? Ha.ha. look at it bro...
Looks like going down and possibly never run again. Cought me right on top
Is this going back up ? Like at least yesterday ?
Are we going to have a second run today?
It is a promo. I bought in at 0.0300
Is this stock picking up ?
I bought at $2.83. Now I.m screwed
So, if proposal not accepted, stock goes up?... or down
Newbie's question: what is the reason for the drop ?
Monday, gap up or down? What you guys think ?
For few seconds tda chart shown a long red line from 9.82 down 8.48 about 30 min ago. Then it disappeared.
Loo at this drop, more than a dollar
Fannie Mae sues banks over Libor
October 31, 2013 4:06 PM
Fannie Mae claims losses of $800m relating to the Libor scandal
US mortgage giant Fannie Mae is suing nine banks including Barclays and Royal Bank of Scotland (RBS) over losses relating to the Libor scandal.
The mortgage financer is seeking more than $800m (?499m) in damages.
"Fannie Mae filed this action to recover losses it suffered as a result of the defendants' manipulation of Libor," a spokesman said.
Several banks have already admitted wrongdoing over the scandal, and have settled with regulators.
Libor refers to the London interbank offered rate, which is an interest rate used by many banks, mortgage lenders, and others to set the price of borrowing on trillions of dollars of financial contracts.
Several banks have indicated that they colluded to set the rate artificially low, which could have deprived lenders like Fannie Mae of higher profits.
The nine banks being sued by Fannie Mae are Barclays, RBS, Rabobank, UBS, Bank of America, Citigroup, Credit Suisse, Deutsche Bank and JP Morgan Chase.
Of those, Barclays , RBS, Rabobank and UBS have previously settled with regulators over similar allegations.
Barclays was fined ?290m by UK and US authorities in 2012, while RBS was fined ?390m earlier this year.
Rabobank received a fine of ?662m from regulators earlier this week.
A string of international banks have been implicated in the affair and several criminal charges have been brought against traders.
It is also not the first time banks have been sued over Libor manipulation.
Could it hit $2.00 today with this news ?
Could it hit $2.00 today with this news ?
Spike up and then tumble down
So, my 2500 shs will become 416 shs, but at what price ?
What was the reason for today's run ?
Gov. Shutdown. What it does for fnma stock ?
Back to 0.30 ?
Why, the drop ?
What is the symbol of preferred stock, Berkowitz has ?
Which fanie mae symbol has berkowitz in, 7mil shs ?. There are few different symbols
Berkowitz owns 7m shs of which symbol ?
REUTERS/Jim YoungU.S. Chairman of the Federal Reserve Ben Bernanke listens to questions as he testifies before a House Budget Committee hearing on "The Near-Term Outlook for the U.S. Economy" on Capitol Hill in Washington, January 17, 2008.September is almost here.Right now, the Federal Reserve is buying $85 billion of bonds every month indefinitely ($45 billion of U.S. Treasuries and $40 billion of mortgage-backed securities) in an attempt to provide markets and the economy with monetary stimulus.If the Wall Street consensus proves correct, however, the Federal Reserve is slated to announce its first reduction in the pace of its bond buying program known as quantitative easing (QE3), which the central bank launched in September 2012, at its upcoming September 18-19 FOMC meeting.Given the heightened sensitivity of markets to this possibility ? which is widely seen as contingent on improvement in the economic data ? Deutsche Bank economist Joe LaVorgna says market participants?should be ready for two key events this week:? the release of the minutes from the Federal Reserve's July FOMC meeting on Wednesday, and the release of the latest initial jobless claims data on Thursday.The July FOMC minutes will probably contain clues about whether or not the Fed is likely to go forward with tapering QE3 as soon as September, according to BofA Merrill Lynch economists.In a note to clients, BAML's U.S. economic team previews the release:The July minutes may give some insight into just how strong the conviction level at the Fed is for tapering in September. The July statement had few changes, but those were modestly cautious and dovish. The minutes are likely to sound more hawkish ? recall that has been the case all year long, in part because they give a platform to more hawkish non-voters ? which presents a risk that markets will again sell off on the minutes. We see the voting members largely split into two groups: those who emphasize the "cumulative progress" in the economy and thus favor tapering soon, even if the latest data disappoint slightly, and those who want to see "better momentum" and thus may prefer to wait. We recommend keeping a close eye out for discussions of what factors various members see as most important for the tapering decision ? particularly interest rates, as the FOMC cited higher mortgage rates as a potential risk in their July statement.If the Fed is close to a September taper, then we would expect some discussion of operational details in the minutes, such as how much to taper and in which assets ? MBS or Treasuries. Our base case is that the Fed will taper equally in both assets. Recent Fed commentary has proposed a token-sized first cut to the purchase pace. We expect some debate over all these issues but no resolution ? the nature of the taper is likely to be a "game-day" decision, and there are many possible intermediate scenarios between no taper and current market expectations. Of particular interest will be any discussion of how they plan to? signal subsequent tapering moves. We doubt this would be through explicit economic thresholds on asset purchases, but will watch for discussion on this issue. We also would not be surprised to see some discussion about strengthening forward guidance on interest rates as well, but we see a small risk that they signal any planned changes in the minutes. We suspect that it is too soon to reduce the 6.5% guidance on the unemployment rate, and with the additional language in the recent statement about the risks of persistently low inflation, we don't expect a lower-bound inflation threshold. As always, we will also keep an eye out for other proposed communication innovations.The Fed will release the minutes from the July FOMC meeting on Wednesday at 2 PM ET.More From Business Insider?Stocks Are Signaling The Return Of Something That Everyone Thought Was DeadHere's The Federal Reserve's Next Big Communication ProblemThe US Is Weeks Away From A Confluence Of Risky Economic Events That's Unlike Anything We Can Recall
Question: How low this could go now ?
ARES, I lost 28k overnight. Is there any hope of recovery ?
Sorry. But what are your expectations?
FNMA's book value may reach $144.00 FNMA's book value may reach $144.00
Profits: Profits: Q4 2012 = $7,570,000,000 Q4 2012 = $7,570,000,000 Q1 2013 = $8,100,000,000 Q1 2013 = $8,100,000,000
Let's assume that FNMA keeps doing well in this Let's assume that FNMA keeps doing well in this recovery of housing market and they make recovery of housing market and they make conservative conservative profits of $5B per Q in the next 2 profits of $5B per Q in the next 2 quarters. quarters. Q2 2013 = $5,000,000,000 (vt's conservative estimate) Q2 2013 = $5,000,000,000 (vt's conservative estimate) Q3 2013 = $5,000,000,000 (vt's conservative estimate) Q3 2013 = $5,000,000,000 (vt's conservative estimate)
Q3 YEAR-TO-DATE profits of $25,670,000,000 Q3 YEAR-TO-DATE profits of $25,670,000,000
And let's use conservative PE ratio of 6.5 and divide by And let's use conservative PE ratio of 6.5 and divide by 1,160,000,000 shares outstanding 1,160,000,000 shares outstanding
BOOK VALUE PER SHARE = $144.00 BOOK VALUE PER SHARE = $144.00
I, for one, cannot wait for Q2 results! I, for one, cannot wait for Q2 results!
Even if there is a restructure, and government owns Even if there is a restructure, and government owns 80% of the company, 20% is still 80% of the company, 20% is still $28/share! $28/share!
So many financial politics i don't understand.: Are we gonna make money or what ?
Why did u sell Danna? You don.t believe this is going up to $10?
Let's get together and file a LS
Please fwd.to me also. Jburrzzo@yahoo.com. down 28k w/ACLH
Will the common shares be wiped out ?