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Doof that I am finally did the math on the divvies. Resumption of dividends would cost F&F the same as full redemption, but over the period of 16 years, give or take. By comparison, divvies are a no-brainer, c'est vrais?
No signal today, but I think I can vouch for Lake, and many silent others
Effing lol, the volume at these prices... Just makes you realize actual money is involved,
Bah, the time to have bought silver was when most of us were getting into the gses. I nearly bought at $12/oz, but then I would've missed the pfd roller coaster.
Like you said, it's been that way a long time, it's practically astronomical.
And $18/oz for extraction? I guess that's worth it now, but they can't have been operating like that back in the "good years", and by that, don't you think they'd be rather exposed to calamity shiuld the bottom fall out from under the silver price?
Dunno, once I have some free monies, I might look at metals again. The first time around, it was the Tolkien nerd in me that just wanted a tidy pile of silver, to move from one hiding spot to the next. lol.
npr bit on fannie results, audio mentions an analyst, did not catch the name. Just another blip out there, though not particularly insightful
http://www.npr.org/2013/04/03/176104592/fannie-mae-posts-record-profit
Nice article! There is a mighty wind out there today, but for the first time it's at our backs..
Guy cecala one of a few interviewed on Marketplace.org today.
Finally, a decent sentiment on that program, check it out.
If Cramer says we are money good, and Cramer = contrary indicator, then ...
BOHICA INBOUND! Grab yer lube, peoples! :P
That Fannie, she knows how to tease.
Let's say your analogy describes an accurate situation. Where it fails is in connecting the hypothetical case to the actual situation.
The gov't forced no one to sell in 2008. Certain organizations were forced to sell, by their own policy.
Certain parties, such as our dear taintedfud, were damaged by the gov't promotion of the pfds issued immediately prior to sept 2008, and if they feel like suing, fine by me. It's a separate case, and the wheels of justice can grind finely enough to determine the difference.
Barney, your 8¢ opinion of hedge funds is beat by a 1¢ fact. A share is a share. A simple legal instrument, a very democratic instrument, something this poor college student (5yrs ago) had access to. Provided the facts, I saw the potential for value, and considered it prudent.
Now that my judgments seem to becoming more accurate with every passing month, I become conflicted about the feat of patience I still have yet to complete. I don't care if hedge funds swoop in like vultures right at the end game. They have a business to run, and can't sit on one egg (no matter how much promise inside) for 4 years running. It would make 0 sense.
The fact that hedge funds bought at 8¢, but are entitled, by law, to the value the shares may later represent, should be as irrelevant to you, and our currently elected representatives, as is the fact that said hedge fund could invest 10 mill, where I could only risk 10 grand. It's got nothing to do with who deserves what.
Precisely, Camaro, he's a nobody. ie, no longer an elected representative.
I do like the way he says some of this, though, but I'm going to try to not get excited over it. For instance, his observation that we'd be entitled to anything after a payback. Sticks&stones, yada yada, but money never hurt me.
Overall great discussion to see floating out there.
I like the sound of it, but who, precisely, is Barney Frank?
That article was rubbish, I agree with your interpretation, but don't let any of the faux news derp splash on you.
Actually, njm, jstock, correct me where I'm wrong here. While dripping the conforming loan limit forces higher value loans into the private market, wouldn't mbs investors rather avoid them for lack of now-explicit guarantee afforded by gses?
Is it a question of guarantee, or depth of field for the "little big" private mbs issuers?
Like I said, where I'm wrong, not if, lol.
Why does Viva's article state that they (lehman) are only halfway thru paying off some promised amount by 2016?
We're on the same side, joe, just don't agree that we gotta fight, boow-bow-bow, for the right, bow-bow, to praaaah-fits[!]
Comment#2 reads as though they were one of us, but I've never seen it observed just this way before
I may as well, Fud, thx, kerp forgetting that.
Jeebus! Studio! Beeeen a looooong time boss. Chrisanja aka 5bagger should be watching too, I assume.
Nice to know you're still in on this.
This won't be real until fannie's results come in, with dta's allowed. This is just hubbub, but it could stick. . .
Cripes, phone's dying, what I just miss?
Oh, a buck? The lack of c.o.b. dip I like.
There are 5 of us F&F'ers here in the LEH CTs, as well. Frankly, at times I have higher hopes for the CTs than for f&f pfds.
So next up is actual fannie earnings. Any thoughts on when? I hope before quarter end, our is that the next strategy(?), to release positive quarter results together to lessen the overall shock, lol
Heh, that could have been us.
The cherry blossoms are starting to open, peak bloom on the tidal basin is expected this weekend.
We could all bring chairs, placards, and thermos' full of sake, and quietly protest the treatment of F&F.
For those of us stuck at work, try to summarize who got removed, and why, + who if possible
Cotton, re #2 on your event schedule. .
Got a date in mind?
Danke, Camaro. ;)
For the moment I'll presume Fannie wouldn't try this unless they thought they had an airtight case?
lol, what did I miss. Is all of this from Fannie being allowed to use DTAs, or just being allowed to assign value to said? Wifi access has been limited in the confederacy helvetica.
No, you didn't wake me up, I was headed out for lunch in Lupfig, and I felt like chopped liver, because I should count as one of our aces :P
Was bin ich, gehackte Leber?
And it's canceled. Wahoo.
Actually, my flight should have taken off ~25 minutes ago. They are bumping everyone bound for Zurich to another gate&plane, take off at 9:30, bah.
I know ergien is european, and europegoodold. If either of you read this, just walk around Zurich yelling, "Ace! AAAAaaaace! Can you hear me!? AAAAACCCEEE!"
I promise to introduce myself. :P
[speaking of ergien, did he even make the jump to ihub?]
Then batten down the hatches, and sell. No time better, then buy back in at the mid ones, you clever trader, you.
Google finance says March 5th for fannie numbers, dunno what that's worth
It's official, Ace of Wands is out, ..
Of the country for two weeks, so don't take my absence to mean anything drastic.
Been sfio busy I have to catch up, but I've read up to about 2pm, weil catch up tonight.
GLTA. :P
Your inference may be a skosh off. 2 possibilities, first being that the P.T.B. know the end game, but necessarily need to keep mum. Why is assumed qed.
2nd possibility is they don't know, [and corollary is they think they know, until] they find out in a big way.
Either way, they are required to obfuscate. It just comes with the territory.
You're focussed on interpreting "official behavior", as opposed to recognizing big picture evidence.
as Mbers was first to point out, our interests are aligned with the path of least resistance. They can fight it, and bite their nose to spite their own face, a la sequester, but they can't beat it without seriously breaking something.
Oh the 30 yr mortgage?
I believe they did; only other difference was aig's 10% interest payment for support was more like a 'suggested gratuity' , an optional one, which their b.o.t. nixed, instamatically even.
With that known, their pfds were much more certain, though I know not the actual story.
AIG prefs went to full value, from rough parity to F&F pfds, by sept 2009.
If I had been there instead of here. My god.
LOL
very nice