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good consolidation over 4. if/ when we have another mini run with new a new 52wh before game changing release news 4 will be the new support zone if it tops out and retraces.
wish i had followed my gut last week in the teens...
not relisting infact seems contrary to the function of the conservator...
It is hard to say. The terms of the agreement were usurious and the governmental parties involved seemed to operate well outside of the scope of the law. F and F were operating within the scope of the law and under the oversight of the government pre crisis, so there should be some government culpability in the matter. I went back through the GSE Charter, the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, and HERA earlier and it seems so clear (although I am not an attorney practicing in a white shoe firm) that the government acted completely unlawfully. Given the attorneys on our side I have almost no doubt that we will win in court. I also think that F and F will be returned as private entities or GSEs. The real question is what will happen afterwards as a matter of practical restructuring? Will they remain as GSE's or become fully private entities? Will it become a a matter of simply amending the charters? If they want a 5% capital cushion they can simply change the old requirements. Anyway just food for thought. I don't think however at this point F and F are at risk of being the sacrificial lambs of the crisis any longer and justice will be served. Holding my shares till the end….
Charter
Federal Housing Enterprises Financial Safety and Soundness Act of 1992
HERA
i posted the question last night without a response (it was late though), but what do you (and others) see as the ideal and fair way out of this mess? meaning how should f and f emerge and what would the governments role in the market be going forward (if any)? not a loaded question, just curious as to the thoughts of the board.
no position here, but this one is a nail biter. best of luck to all whatever your position, interested to see how this one plays out.
just out of curiosity, what do you (and other board members) see as the "perfect scenario". meaning how should f and f emerge and what should the housing market look like afterwards? taking into account what we perceive as inappropriate actions by the government, but also (financial interest in the stock aside) as a way forward from where things were during the crisis?
keep calm, carry on...
looking good
when that happens i will upload a shot of the dow jones ticker in times square. will be a good day...
in time. rulings coming down the pipes...
eh. could be. feel like it is tougher to negotiate only for insider equity though. holding a few thousand shares with the possibility to crash seems like a good play...
their cupcakes are huge. to much competition in ny, dc, and cali. put those big ass cupcakes in a mall in akron though...
thinking about taking a position here. good product wrong markets. financials suck, but it could be due to agressive expansion. if commons aren't wiped, could do well. needs to expand it's reach from the coasts to all of the middle america outlets etc which lemonis has in place w/ dippin dots. a combo w/ dippin in kiosks in mid amer could kill. insider ownership is 1/2 of outstanding shares. they will fight for their stake during reorganization.
all right fannie
set it and forget it....
sorry blanka. that wasn't directed at you...
desperation
desperation
right...because the situation with this stock is comparable......
we have so much muscle on our side....
i haven't seen anything directly. They seemed to be helping to finance the anti-Johnson Crapo adds, so i can't imagine that they have no financial interest in the matter.
Blackstone does…..big boys…...
Blacktone Discusses FNMA Stake
Blacktone Wiki
Yup, Train leaving the station. Next stop…Injunction Junction….as long as we don't get derailed there it is as beautiful climb straight up the side of Mount Olson to Restoration Station….All aboard!
….dumbest post ever ; )
oy....sallie mae was "wound down". the reality is that the devil is in the details. saying "wind down" in a political speech and the actual practical realities of restructuring the lifeblood of 25% of our economy are 2 vastly different things. the bills are dead, the lawsuits are not. when olsen gets amenent 3 vacated....
reading the response in the perry suit on the tim howard blog, it really does seem like they are running circles around the gov. maybe my own confirmation bias, but it doesn't gel with current price action. feels like a really good time to add, which i did. but who knows...
they have said that everytime it drops since sub $1.00. frankly nobody knows d$£k. i'll trust my own judgements and assessments. they usually serve me better than listening to anyone else.
most of the big moves from 1 to 4 happened fast. as did 4-6. if it is loading, which i think it is, they will spike it when ready and the chase will be on. way too oversold.
unless there is a good reason, you can't continue to spank someones's fannie like this and not expect them to eventually run in the other direction.
me either, dont think we will though. i was first in at 0.67, not all my flips were as profitable as they could have been. hindsight...
still been a hell of a ride so far.
much stranger things have happened with this particular one. I do miss the dollar days a little bit. the volatility was gut wrenching, but exciting. This is more like mild indigestion….
haha, true. and it sucks when some of that blood is yours.
its a little ridic. particularly on generally positive catalysts. i call b.s.games. buy when there is blood in the streets...
Added some 3.93s
Perceptions of the crisis and the facts of the matter are different things. Simply show us the facts. Empires are created and destroyed by the malleability of the perceptions of the populous. It is not enough to simply take Paulson or Lockhart's, or selected "experts" word for it that it was necessary at the time.
Perhaps you are right that there is no case. But I think that if they had no case, they would not still be pursuing it and Berkowitz wouldn't have been sitting in the front row of the courtroom. At the very least their approach has not been described by the judge as schizophrenic.
I think your bakery analogy is accurate as to the government's position on the matter. The problem is that when the baker decided to open this particular bakery he chose to structure it in a way in which private investors provided the ovens and the milk and the eggs, etc etc. The baker then came in and said that all the cakes were bad and everyone else with an interest in the bakery was out of luck. Turns out there are still some tasty cakes that it can produce. The baker owes us some bread.
Now if the situation was as cut and dry as you propose with regards to rescuing a foundering Fannie and Freddie, why not simply provide the documentation requested by the Plaintiffs proving the need to step in with extraordinary powers. Why not simply show that all actions taken with regard to the matter were necessary and in the interest of the public good. Just simply prove it. What is there to hide?
I apologize that I didn't respond to your question regarding profits yesterday, I was by a pool on Long Island not thinking about Fannie Mae. I feel as though it was adequately addressed by other posters however.
even after that, the companies finally turn a profit and they want to shaft shareholders. criminal.
or a slight correction. still a long term uptrend. you monger fear and seem to relish in it.
remember when you were crying about your position and a 6% loss and people were trying to give you advice to help. they were right and you were wrong. you owe them an apology. of course for those paying close attention it was always clear what you were. good luck to you, you are a special one.
puhleeeze.
you have been crying wolf since $1.00. sorry you missed that 4 bagger. could have been along for the ride...
this thing dropped when berk and ackman announced positions and recovered very well afterwards. don't let them shake you out, billionaires continue loading. set it and forget it...
awww. this is adorable. a wittle bashy washy. so cute.