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Read the comments. Another contributor blasted this article and said shareholders will get wiped out with 100% certainty.
Bingo! You win the cupie doll.
How is he allowed to remain on the bench?
That's irrelevant. He's got a good grasp on facts and seems to be a good journalist. I'm writing him now. Can't hurt.
Someone contact this guy and tell him about the GSE scandal!!!!!!!
https://www.facebook.com/massreport/videos/1180705908609091/
One of two reasons:
1. He was buoyed through school and put in place to be a puppet for powerful people and really has no fundamental idea of the law.
2. He knows exactly what he's doing and purposely destroying America.
Either way, I say a big "SCREW YOU!" to anyone who voted for this traitor.
Wow. Incredible
I didn't mean you, but the government. I hope many people go to jail over this.
Something dawned on me, reading your post. If the intent was to wind down, why bail them out in the first place? Lots of deceit, smoke,and mirrors here.
Very true. HVAC? LOL. That was funny.
Already up pre mkt. What's L2 showing?
She is freaking AWESOME and I love her. About time we see true justice for once.
I'm a security manager for the AF, and the DoD classification regulations are the same for all agencies.
Anything that's "classified" must be done by an OCA (Original Classification Authority) and be given a declass date.
I seriously doubt any of these documents were ACTUALLY classified by an OCA. None of this falls in the realm of DoD regulation 5200.
In fact when you read the released documents, none of them are marked classified so it's a complete fallacy for them to claim any damage to national security.
Send that to Judge Steele.
I wonder if kings covered yet. Notice he's been quiet lately.
Those who make the laws are above them. Sad but true
There's so many problems with the government defense.
1. The bailouts in and of themselves were beyond the scope of government's responsibility so they should never have happened.
2. The profit taking is completely unjustified.
3. Then they want to villanize anyone making a profit off the stock (besides treasury) which, last I checked, is not illegal and wouldn't cost taxpayers anything. It's not like the stock is restricted to rich people only. If people want to risk buying a stock that's their right. People who did the research and felt it was a good investment should be rewarded. Not sure what anyone's business is to deny that right. It's just typical liberal class warfare which is anti American and horrifying.
This administration is the most corrupt in our country's history. All these crooks need to be behind bars
Yep. Short squeeze coming if this keeps up.
Slow down there Sparky. I'd love that to be true, but it isn't likely.
Their only strategy is to delay and it's getting extremely aggravating. These cases need to proceed already .
Stocks don't weigh anything lol
FYI,
I contacted my broker and they said it takes about 3-6 weeks for the new shares to be issued. So just hang tight if you're waiting to trade shares you already own. In the meantime, I suppose you can buy and sell shares under the new symbol now. You just can't sell what you're holding.
You sir, are a genius. I did not know that about the Ashley Madison thing. Glad to have you on our side!
I hope so for all the longs' sakes. I cannot stand when companies screw loyal shareholders.
Excellent point which is why we all should start referring to that hack journalist as "Meat Stick."
Mine are still a # in Etrade.
Sold today for a small gain. The news of sune declaring bankruptcy scared me off.
It's on the bottom of the pile in government corruption. Wake me up when they indict someone.
Seems like they're trying to get out of any criminal prosecution by releasing them before the courts look into any of this further. If they release from c-ship all the lawsuits will be dropped and unless someone wants to file criminal charges, the perps will all get off scot free.
What's disturbing is that an average person like yourself sees this clearly while the "experts " don't. It makes you wonder if they're purposely ruining the market or if they're just stupid.
What makes anything valuable is supply and demand. If everyone collected things the supply wouldn't be low enough to generate enough demand for high value. The trick is to get something that will be both rare and sought after. Since that's not possible to predict, I don't collect for an investment but a passion. If I get rich from it, that's a bonus. People didn't collect comics in the 40's and 50's which is why a Superman #1 is so rare.
The bike in my profile is extremely rare. Only several hundred were made, but not many people want them so they're not expensive. But if all of a sudden people start seeking them, I'm sitting on a gold mine... Literally.
No, it only hijacked the housing market.
Comics, like any collectible vary depending upon the buyer. I have some highly desired issues like wolverines first appearance and #1's. But they're not an investment per sey, more of a hobby I can sell if need be.
My military retirement is my best investment. Guaranteed paycheck and free medical benefits for life for 24 years of work. Seems like a decent deal so I stuck with it.
I have most of my money in real estate, index funds, and the rest in stocks from blue chip to OTC. Can't leave out my comic collection either which is worth about $100k, but I'd probably never sell them:)
That's why you diversify.
Still 17% at today's stock price. Not too shabby. I will worry when the divi goes under 10%. But considering recent reaction to Yellen's statements, looks like this year will hold steady or increase to around $12 which will, in turn, give us dividend increases back above $.50.
Just got 1k shares. Seems like a good risk.
More fear mongering
Proposed Fannie/Freddie Reform Skips Shareholders
By Carleton English Follow | Mar 28, 2016 | 5:15 PM EDT | 12
The latest proposal on what to do with Fannie Mae (FNMA) and Freddie Mac (FMCC) was recently released, but it omitted one key aspect of the equation: shareholders.
The report on government-sponsored entity (GSE) reform was written by a team of writers who suggested merging Fannie and Freddie into a single government corporation, called the National Mortgage Reinsurance Corp. (NMRC), which would perform the same functions the two perform today. There also would be an explicit government guarantee on mortgage-backed securities funded by "guarantee fees" charged by NMRC. Also, all "noncatastrophic credit risk" would be pushed into the private market.
As for what would happen to current Fannie and Freddie shareholders, the authors admit the new model so far has not figured out how to address them.
Fannie and Freddie have been under conservatorship since 2008. At the time, the government received warrants to acquire nearly 80% of the companies' common stock and also acquired senior preferred shares, which paid a 10% dividend. In 2012, the terms of the agreement were changed. Instead of paying a 10% dividend, Fannie and Freddie were required to pay nearly all of their profits to the U.S. Treasury, in what has been called the "net worth sweep."
Since then, several investors in Fannie and Freddie, including Fairholme Funds and Bill Ackman's Pershing Square, have filed lawsuits against the government for the expropriation of investor property.
It is not yet clear whether investors would receive anything if this proposal was adopted.
"What [investors] want to know is, what do they get, will they be completely wiped out or is there some residual amount of money -- similar to the AIG deal -- that would allow them to walk with some money for what they own," Richard Bove of Rafferty Capital Markets said in a phone interview with Real Money. "This proposal doesn't mention it at all."
Bove also mentioned that private markets may have some hesitancy investing in NMRC, given how Fannie and Freddie shareholders have been recently treated.
There have been several recommendations on how to reform Fannie and Freddie -- especially on Twitter -- however, few of the suggestions come from a team with as much clout as the authors of last week's paper. Perhaps that is why the omission of what would happen to existing shareholders is so glaring.
The proposal was written by: Jim Parrott, a former senior advisor on the National Economic Council; Lewis Ranieri, who has been considered the "father of the securitized mortgage market"; Gene Sparling, former director of the National Economic Council; Mark Zandi, chief economist of Moody's Analytics; and Barry Zigas, director of housing policy at Consumer Federation of America.
While the paper may offer a path for how GSEs can operate in the future, the past must still be dealt with.
The court system is slow, inefficient, and costly. What else can be expected from a government ran system? I'm disgusted at the whole justice system. It's anything but just.
Why do you bother?