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Your posting brings a question to mind. I am fairly sure the first thing to happen will be for the bill to die. However, my question is what sequence the other two could happen. It seems logical that the government would give the green light for the up listing to happen before release from conservatorship, mainly because the government stands to gain tremendously by the pps going as high as possible, then sell off their portion and release from conservatorship.
I guess I am looking for insight for what would bring the government the most money, while keeping f and f intact. That will be what I start looking for.
There's not enough time in the day to list how many ways you are wrong. I SUGGEST you seek out the truth your government. There is corruption on both sides. It is not a football game where you can just cheer for one side, but that is exactly what liberals do. The fact that we are right here, right now, wondering if fannie and freddie will be released from the government (that means both sides) that decided to just change the rules in 2012 and take all the money from F&F. I am convinced that neither dems or reps care one bit about really helping anyone other than themselves to be re-elected, and both sides will tell whatever lie it takes to be re-elected.
Somehing from the Yahoo board. I don't know if it's worth the .20 bump, but probably helps.
New Congressional Supporter of Fannie/Freddie
(Posted by aroadrock in Yahoo msg board)
.
Brad Sherman
United States Representatives
Bradley James "Brad" Sherman is an American politician. He has been a Democratic member of the United States House of Representatives since 1997, representing California's 30th, 27th, and 24th congressional districts
Mr. Sherman today made a public announcement on KNX Radio (Los Angeles) that keeping Fannie and Freddie in their old form is VERY IMPORTANT to his constitutents (in the San Fernando Valley, CA)
i could hardly believe my ears when i heard it...i heard it TWICE...and am listening to KNX now, too, to see what else he says about it, but he's a SUPPORTER...if any of you are in his district, you might want to call
his office and i'm sure they'd give you a recap of his position....HE'S ON OUR SIDE...happy day
There's my "Blood Moon" doomsday believer! But we can do better than two dollars. Push for $1.95. That's more like it!
You missed one huge bullet point. We are entering the week of the "blood moon." Sounds like an episode from "True Blood." I wonder if the "end of times" will help fnf stock or hurt it. I think I'll just stay long, just in case we are still hear next year!
BTW, that IS just a joke!
If this thing goes back up from this point, I will never roll my eyes at another gap comment again. I will bow at the alter of the gap masters!
This is by far, the most extensive research of the actual causes of not only the housing bubble, but the subsequent financial crisis as well as where who caused the bubble that started the ball rolling. Bravo to you for taking the time to try and educate those that would rather chant mindlessly "hope and change" without investigating what our elected representatives have done in the past to cause the current situation, but then blatantly lie as if their hands are free from any wrong doing. This goes towards both parties, I am not bashing just one. However, when you are constantly attacked as non caring towards the middle class and the poor for trying to simply balance spending, then I have issues.
Again, very good research!
How did you know about my greed demons that wreck any common sense plan like that!
I see your point, but I gaurentee you, if I were to sell the next time the RSI goes to 80 or above, news will come out that F&F is out of conservatisum. I sell at $8.00 or so making a healthy profit and to stock price shoots to $80.00,which would have made me a millionaire. That's just my luck. I still have to stick to the thought that charts are good most of the time, but news of anything alters the charts and throws chart rules out. At least until the public has a chance to digest the news and reevaluate the charts and reset the RSI.
Just my thoughts through observation over the year. By no means an expert.
I would have to match the graph with the release of news, but each and every time Fannie started to make a run, that run WAS haulted by legislative news.
Examples:
Last years run after the earnings, squashed by Corker Warner bill news.
Few months later, another run started, squashed by Obama news conference and him mentioning the "wind down" of F&F.
This last run, that granted, the RSI was at 95, but it was the Johnson Crapo bill knocking the legs out.
The PPS starts going up only after the BOA 14 billion settlement, which is slowed down by the announcement of Maxine Waters bill.
And by the way, I do believe that was sarcasm about Blue causing anything. CONCLUSION,,, keep an open mind!
It would fit the "Buy the rumor, sell the news" way of thinking.
No need to fix something that is not broke!
"Fannie Mae and Freddie Mac's return to profitability and repayment of taxpayer dollars has led some to rightly speculate whether (they) need any reform at all," Waters said in a statement. "I am hopeful that this legislation will continue to move the conversation on housing finance reform forward."
Should just move to end conservatorship.
You tell me dude, with your Luke Skywalker outfit on.
I read the article and would have to take each item one by one. I do not trust global warming issues because I believe there are people with agendas to redistribute money around the world rather than help the environment. Mostly, Gore and others are hipocrytes. After all, Gore did sell Current TV to al Jazeera, which is owned by the emir of one of the largest oil exporting countries in the world. The rest of the topics mentioned in the article will have to be reviewed to see if taken out of context. Not to mention, I only quote from well know news agencies. This one I never heard of before. Could be run by a 30 year old in his parents basement. We'll see.
Thanks for the article.
You make very good points, especially regarding thinking for yourself and researching multiple news sources. I will have to research the example you refer to as well as Reza Aslan.
Also, I to hope to hear good news from the courts soon,,, mainly to stop the bleeding. It puts me in a grumpy mood. Today is an example.
Prove me wrong. You can't.
Code words huh? Liberals love code words. Why didn't you just say racist. You know you wanted to.
Angry. On the campaign trail this summer, President Obama has become — in the words of the mainstream Associated Press — more “aggressive.” But don’t you dare call him “angry.” According to MSNBC host Toure, that’s racist!
Chicago. The Obamas and their core team of astroturfers, pay-for-play schemers and powerbrokers hail from the Windy City. This is a simple geographic fact. But in progressive of pallor Chris Matthews’ world, it’s an insidious dog whistle. The frothing cable TV host attacked Republicans this week who have the gall to remind voters of the ruthless Chicago way.
Golf. This one’s a gobsmacker. Beltway barnacle Lawrence O’Donnell appeared on cable TV to decry Republicans who mention Obama’s frequent golf outings. He singled out Senate Minority Leader Mitch McConnell’s convention speech Wednesday night, which joked that Obama “was working to earn a spot on the PGA tour.” The warped racial radar of pasty Lawrence O interpreted this golf joke as “Obama equals Tiger Woods equals RACISM.”
Obamacare. Left-wing Daily Beast columnist Michael Tomasky accused Romney of “race-baiting” by wielding the term “Obamacare.” The Beltway shorthand for this behemoth federal spending program exposes Romney as a “spineless, disingenuous, supercilious, race-mongering pyromaniac” because it is a “heavily loaded word,” Tomasky railed.
1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.
onotunderstand, please name one lie Fox News has aired and when it was broadcast. I doubt you can do so. However, I can name off 20 lies liberals have said in the last year. Lies from obama would be half of the 20, and the other half would quickly be filled by pelosi, reed and your gal Hillary just to name a few. I can back my statements with material from your own liberal media sources. I would not even have to use Fox or any other conservative outlet. So please understand donotunderstand, before you start bashing conservatives for airing true facts that liberals want to cover up so bad, they would take away freedom of speech and press to do so, conservatives work to protect the rights given in the constitution.
Awwwwww, that's so sweet of you to defend Blue, Tarzan.
I imagine that when the government lawyers pissed off the judge and did not get a stay, that was a major "Oh Shit" moment for a lot of people in the government. Something big has to happen to keep the dirt under the rug. Maybe a settlement? Who knows. I don't think the government wants any skeletons coming out of their closet.
There's a lot to learn about charts and gaps. Not necessarily are they always true.
There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives.
Can you imagine the fear of NOT being in Fannie or Freddie tomorrow at close? There is a good chance positive news will come out over the weekend. It will be too late to buy in the $3 range come Monday morning at the opening bell! $4 and above next week,,, hopefully.
That is the whole point, that he works for Berkshire and wrote such a positive article. The question was, would that be a sign that Berkshire would invest in Fannie.
Well, thanks for posting his history. It is apparent the article is his opinion and no connection with Berkshire Hathaway investing in fnf. At least through this guy.
Disclosure: I am long FNMA, FMCC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
He will not answer, he is a fraud! Nothing more, nothing less.
Please tell me what changed your mind about the $1 range?
Agree!
I have to respectfully disagree with the notion of a negative trend. We were on a strong climb until Johnson/crapo announced they were ready to place forward their bill. We had two days of strong selloff a few days of upward trend, then today's drop. But overall, the trend is upward and I feel more confident it will continue upwards. With that said, I do wish I had taken chances to trade rather than invest for the long haul. I could have increased my shares by quite a bit.
This is news driven more than anything else, and the trend is, less people are being scared off than in the past. And now, today, I think we are just seeing selling for profit, just as we will see buying tomorrow to build towards the next profit taking. There are many hard core investors out there that will stay fast and hold, but there are a ton of day traders out there movinG this price up and down. I do not buy into the "consolidation" theory, just news and trading.
(Thug) • historical A member of a religious organization of robbers and assassins in India. Devotees of the goddess Kali, the Thugs waylaid and strangled their victims, usually travelers, in a ritually prescribed manner. They were suppressed by the British in the 1830s.
Not my sweet Fannie!
Obit – Thank you for taking the time to explain in detail your thoughts. Your fourth topic regarding none of the legislator plans are worth considering is the disappointing part. It is a shame when we cannot trust our elected officials to vote what is best for the entire country. Instead, lobbyists line the pockets of our elected officials to vote for what their desires are. At the same time I say that, I realize, as you mentioned, that Ackman as well as several others are, or will, lobby hard to turn votes in a direction we find more pleasing. So I guess that makes me a hypocrite when it benefits me. I just believe and have invested in what I think is fair and right., not to mention Fannie and Freddie are two of the most profitable companies in the world when the economy is good and people are working.
Anyhow, thanks for the response. You have provided a lot to think about for the coming months.
There is already a multitude of daily occurrences where the executive branch breaks the law. Some are their own laws. If the Supreme Court is in the executive branchs' back pocket, then we have truly become a banana republic.
Daily Events TopRep. Trey Gowdy’s Enforce the Law Act
By: John Hayward
3/13/2014 03:30 PM
RESIZE:
AAA
Print13We’ve reached the point that it’s actually necessary to pass a law stating that the President of the United States must obey the law. And lest you doubt for one instant that it is necessary, King Barack has already threatened to veto it.
The ENFORCE the Law Act has a very capable sponsor and defender in Rep. Trey Gowdy (R-SC), who gave an epic speech on the House floor, peppered with plenty of quotes from a certain Senator Barack Obama. If Obama’s supporters expected an ounce of intellectual consistency from him, they wouldn’t be able to get through Gowdy’s speech without weeping in shame. But of course, they don’t.
I fail to see why most members of congress and the senate are hell bent on shutting down FnF to create something else that “would be the same,” but different. Different in the theory that private bond companies would take the first $500 billion hit if something bad happened again? I guess they mean something like banks selling homes to people that cannot afford them, then just pawn off the bad load to someone else,,, like Fannie and Freddie? I don’t think private bond companies would take a bad loan from a bank as Fannie and Freddie were forced.
Simply put, the answer is no. Mark Zandi, the chief economist at Moody’s Analytics, concluded that mortgages could become harder to attain and certainly more expensive, with mortgage interest rates rising between 17 and 42 basis points, or roughly between $90 and $200 a month for a $165,000 30-year fixed mortgage at today’s rates.
That is if homeowners will still be able to get a 30-year fixed-rate mortgage. The 30-year fixie was made available by a 1954 act of Congress, but it’s something that may disappear, or become a premium product, under a housing overhaul.
Obit – After listening to Michael Capuano on CSPAN today as well as a podcast of some analysts from the Wall Street Journal, I gathered an uneasy feeling that the small investors/traders in this stock are not on the same page as the large hedge funds. This may not be the case for Ralph Nader, but the overall understanding I am learning is that the ultimate goal is to eliminate Fannie and Freddie. The court cases being brought by the hedge funds are not to necessarily save FnF or to get them out of conservatorship, but rather to fight the wholesale gathering of profits from when the rules were changed in 2012. It is starting to sound like the hedge funds are in a fight to gather billions in dividends that were illegally taken rather than to set FnF back as a solvent company. Their bet is, they either receive all the billions in past and current dividends, or they receive nothing. It sounds like we do not have a “heavy hitter” fighting for us. Even though Michael Capuano states very clearly that without FnF, even he could not have financed his home 35 years ago; however, he seems to lean towards the creation of something new instead of making changes with what we have. He blames FnF for using funds to invest in risky investments. This burns me the most. FnF are just companies. The Executives running FnF made risky investments. Put them in jail and leave the structure alone. Leave the thousands that FnF employ alone. Create regulation to prevent past problems in place, but why blow the entire system up to create something new that may or may not work for the middle class. That is, after all, what FnF was about. Making mortgages affordable for the middle class.
You seem to be very intelligent on this board. I would like to read what you think the main goal of these hedge funds are. Thanks for your time and for all the information you provide on this board.
Truth!
Zep, it would take volumes of historic examples why fnf were created in the first place to educate straightline why banks would not tie up money for 30 years, or laughably longer. There are those that are just not worth the effort because they still have that confused look on their face.
Thank you very much for this explanation. I want to change from my Merrill Lynch account to a TD Ameritrade account for the level two capabilities. It seems people that have a good understanding of watching the level two trades is beneficial to them.
Again, thanks for offering that detailed reply!
Thank you as well!
Understood. Thanks!