Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Short attack. No prob
This is too funny.
Yes sir. Hoping the actual written ruling gives us wings.
Her official ruling is taking longer than I would think it should. Redactions and classification changes maybe? Careful writing of the order due to so much protected information is my only guess.
Great news. Took a little fight out of them.
"When the Actavis Allergan $66 billion stock/cash deal closes in March or April, he’ll have to figure out what to do with at least $4 billion in cash."
I have a few ideas Billy A.
F N M A
Maybe obama wants to kill FNMA to take away the American advantage over the other countries. Fits his anti-U.S positions in foreign policy. No more American exceptionalism for this pres. I'm convinced one of his main agendas is to degrade America enough in all aspects in order for all countries to have a level playing field. You know, make it "fair" for everyone.
Every FNMA pfd I watch is red and we are up.
Beautiful. I quit dipping the toes and dove in @ .77
Adding steady since I quit the swing trading, was too stressful for me personally.
Had a great average until the Lamberth ruling, like you said.
I've been scared so many times holding FNMA I had to decide to leave it alone and only add. Conscious decision and stuck to it. Haven't sold a share in over a year and a half almost 2 years.
I can't imagine owning more than traded tho lol. That would be a new level of worry I just couldn't deal with.
Tweeting is fun. I kind of stole your line tho
That sounds great to me. With Beta's scenario maybe we squeeze the life right out of them.
Oh that's rich. Someone take their calculator away please
Volume!
Slow trek upwards. Curious to see the short vol this week.
The best part IMO. He's buying commons
We are due. Just a matter of time for the right person to say the right thing. Going to be a summer to remember IMO.
Saw it on TD feed. I was surprised to see it there, usually this type of news doesn't make it to my Ameritrade account.
Berkowitz’s Fairholme Fund Picks Up More Shares
8:00 am ET
Feb 2, 2015 FUNDS
By JOE LIGHT
The Fairholme Fund, a mutual fund run by stock picker and sometimes activist Bruce Berkowitz, released its annual report over the weekend, disclosing that the manager picked up nearly 5 million common shares of mortgage-finance companies Fannie Mae FNMA -0.88% and Freddie Mac FMCC 0.00%.
Mr. Berkowitz has been one of the most outspoken investors in the companies’ shares and is a plaintiff in lawsuits against the federal government for its handling of the two companies.
Bruce Berkowitz Bloomberg News
According to the annual report, Fairholme bought nearly 3.1 million shares of Freddie Mac and more than 1.8 million shares of Fannie Mae between August 31 and November 30 last year. Because the share prices of Fannie and Freddie fell sharply during that period, the purchases maintained the fund’s weighting to the two companies at about 1.1%.
Fairholme has a larger investment in the preferred shares of the two companies, and that weighting dropped by almost half to 7.6%, mostly because of falling values.
Fairholme and other investors are in the midst of lawsuits against the government for a 2012 decision to sweep nearly all of Fannie’s and Freddie’s profits to the U.S. Treasury. After nearing collapse in 2008, Fannie and Freddie received nearly $188 billion in aid. Since the companies became profitable, they have paid more than $225 billion to the government.
Shares of Fannie and Freddie plunged in October, after a federal judge threw out lawsuits by Fairholme and others.
However, investors garnered a small victory in January, after another judge decided a separate lawsuit could proceed even as the appeals processes in the first lawsuits played out.
Mr. Berkowitz used a large chunk of his annual letter to criticize the government’s handling of the companies and the lawsuits. He said that the U.S. government has attempted to shield a large portion of the documents requested by Fairholme’s lawyers by asserting “executive privilege.”
Mr. Berkowitz also said he believes the U.S. Treasury and Federal Housing Finance Agency, which regulates Fannie and Freddie, could decide to release the companies on their own.
U.S. Treasury officials have continually called on Congress to pass housing-finance legislation to replace Fannie and Freddie with a new system. Last week, the director of the FHFA at a congressional hearing also said Congress should pursue housing-finance legislation. However, most experts believe that serious discussions are a long shot for this Congress.
2.28 premarket
No. TD news feed
BERKOWITZ ADDS FNMA! 5 MIL
What?! Lol. Can't be real because if it is.....it's go time
Good idea RC
Much more effective than petitions
I've never tweeted until FNMA lol
Mostly use it to bash anti FNMA wsj "journalist" (oxymoron)
Now I'm using tweets for the powers of good instead of evil!
Power - "Because Fannie Mae and Freddie Mac guarantee such a large portion of the mortgage market, few large servicers could survive without abiding by the new standards."
Govt loves power
The week wait seems needless. Nothing to un redact.
How bad can it get in the U.S govt. It's a race to the bottom for sure but not in housing, in politics. Lowest of the low
This is going to be a good read
No status conferences the entire time either?
Not kosher.
First I've heard of that.... for real?
Tweeting to overload CNBC
Inquiring minds want to know
Liberal view- dumb bigmouth for publicly stating the actions
Conservative view- criminal activity and confession of crime
See the difference? Lib dems get mad because the public finds out
Conservatives get mad because of the ILLEGALITY of the action
Not the fact people find out about it.
Sad
http://www.economist.com/blogs/democracyinamerica/2014/08/lawsuit-against-obama
Probably over 1000 suits or more lol
Who is "we"?
"we saved F and F (right or wrong !!)"
I hope your not referring to dems or obama because in case you haven't noticed....."we" are fighting them tooth and nail at every turn to save FNMA from utter destruction in a mob style use and abuse scenario.
Forces the tough questions like, "FNMA is capitalized?"
"You can divert money? But not capitalize?"
"FNMA has paid back taxpayers in full?"
"Why still conservatorship?"
All things that would never have been asked
Republicans and democrats alike have no problem with 100 profit going to treasury but WHOOOOOHHH sending it to anyone else lol