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ok can you give me more details on why this stock will go up?
I agree ending conserv is what he will do.
I still cant believe calibria scared so many into selling the past days. I picked up more cheap shares and I'm holding strong. It was him just talking to try and look good to the average person out there and that was all he didn't mean any of it. But to those who sold thanks for the cheap shares. Get back in you will be well rewarded in the future.
I completely agree with you les. In all it was a learning experience. An experience that made Mcig stronger and most of all more knowlegable. With this experience Mcig can now venture on its own.
We really need to start an annual Best Ceo in the otc other boards markets. Our ceo would easily win the Award.
We have a bright future. I think I will be adding another 100k shares.
I wonder how much money calabria made saying what he said yesterday. I bought mre shares today. Dont let calabria fool you and hold your shares.
We have one of the best ceo's in the stock market.
You gotta try the new vitacigs there really good.
Mark wouldnt do that. He just said it to look good to the general public that doesnt know what is going on.
just a matter of time and we will be trading on the big boards.
I'm still buying.
You gota try the new vitacig flavors there delicious and make you feel so good.
My new Vitacigs are on the way. Cant wait to try them. in the future i think we will be the best selling vapes in the Market.
I'm buying more shares so feel free to give me your shares.
NEW Chocolate Mint stress capsules !!! Just ordered Yummy cant wait to try.
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Just ORDERED NEW Vitacigs !!!!
I loaded more today. traders will end up giving us back there small gains. Shares into stronger hands.
I bought a few more to.
Fannie, Freddie to Retain Earnings; Treasury's move is first step toward returning firms to private hands
By Andrew Ackerman and Kate Davidson
WASHINGTON—Mortgage-finance companies Fannie Mae and Freddie Mac will start keeping earnings as part of a Trump administration process aimed at moving the companies out of conservatorship and back into the private sector.
The move, announced Monday between the Treasury Department and the companies' federal regulator, suspends a yearslong arrangement in which the companies handed nearly all of their profits to the Treasury. Under the agreement, Fannie Mae will be allowed to retain $25 billion and Freddie Mac will be able to retain $20 billion, the Treasury and Federal Housing Finance Agency said Monday.
"These modifications are an important step toward implementing Treasury's recommended reforms that will define a limited role for the federal government in the housing finance system and protect taxpayers against future bailouts," Treasury Secretary Steven Mnuchin said in a statement.
Share Your Thoughts
Do you agree with the Trump administration decision to privatize Fannie Mae and Freddie Mac ? Why or why not? Join the conversation below.
Fannie and Freddie are central players in the housing market, buying about half of all U.S. mortgages from lenders and packaging them for issuance as securities. The government effectively nationalized them during the 2008 crisis in a bid to stabilize the housing market as mortgage defaults mounted. How the government addresses the companies' future could resolve the last major problem from the financial crisis.
At present, the companies hold just $3 billion each in capital, and the agreement would substantially increase that figure. The move starts a process of the companies raising a combined $100 billion-plus that they will likely need to hold before they can return to private hands. The precise amount is to be worked out over the coming months by their federal regulator.
Every quarter Fannie and Freddie send nearly all of their profits, minus the $3 billion they are currently permitted to retain as capital, to the Treasury Department as payment for government support. Under the terms of the 2008 conservatorship, the firms have access to more than $250 billion. They have been generally profitable in recent years and have drawn on that support only once since 2012. Should the companies report a loss going forward, they could continue to draw on their support from the government. They just wouldn't send their profits to the Treasury until they had retained more than about $45 billion—$25 billion for Fannie Mae and $20 billion for Freddie Mac .
The pause in the profit sweep comes after a federal appellate court in New Orleans characterized the sweep in a harsh light in a Sept. 6 ruling, though the judges stopped short of ending it. The decision gave new life to court challenges brought by investors in the companies, who say the handling of Fannie's and Freddie's profits has been illegal. The administration hasn't said whether it intends to appeal the decision.
The Trump administration wants to recapitalize the companies through a mix of retained earnings and raising tens of billions of dollars from investors, a process likely to take years.
While Fannie and Freddie pause the sweep of their profits, the Treasury and the FHFA are expected to negotiate bigger changes to the terms of the companies' existing support agreement with Treasury. That includes the creation of a fee the companies' would be required to pay in exchange for ongoing support from the Treasury, which is necessary for their business model.
The Treasury said Monday it intended to negotiate additional changes "that would further enhance taxpayer protections by adopting covenants that are broadly consistent with" administrative changes the government outlined in its proposal earlier in September.
In exchange for allowing the companies to retain earnings now, taxpayers will see an increase in the face value of the stakes they hold in the companies under the agreement—stakes that would likely have to be repaid before private investors in the companies can receive dividends on their investments. The agreement would increase those stakes by $22 billion for Fannie Mae and $17 billion for Freddie Mac .
Write to Andrew Ackerman at andrew.ackerman@wsj.com and Kate Davidson at kate.davidson@wsj.com
Yes the Big cow with its Big Bag of cash is coming home. Loading up.
If there charging Rico on the jp morgan chase gold and silver brokers then Rico should also be filled on the ones responsible for stealing from Fannie and Freddie.
If it goes past $100 then I think she goes way past $101 and into the $120 - $150's
I say they return the money to Fannie and Fannie forgoes suing them for the interest. Just return the money and the warrants.
Love those pictures of Mcig products and the great products and services they provide. Thanks for sharing.
I have some of those shares. Thanks to our ceo. The best Ceo.
I love Mcig assets. They are all very valuable and bringing in cash.
My sale order is at $120.00. I think you should raise yours just a tad little.
I agree warrants are done for. We are moving forward.
More like 50 dollars is dust.
With the end of the nws we go way High. Millionaires will be made.
I second that to. Thank you mcig Ceo.
This will be one Great Month now I just need my funds to quickly clear so I can BUY BUY BUY.
Price per share $60.00 by next year.
Dont be surprised if Warren Buffet jumps in and buys Millions of shares. I think he wants in.
I'm all good here and getting ready to BUY BUY BUY.
We need to all contact him and push for September.
Plus treble damages. That would place this stock at $300.00 Per share.
Love being part of this company and there great products.
Best ceo in wallstreet.
Good video and interview.
Great News.The report said Treasury intended to end the sweep so Fannie and Freddie could retain earnings in an effort to build up the companies’ currently limited capital buffers.
Mnuchin told Fox Business Monday that administration is set to act as early as September to suspend the sweep.
“We expect a near-term agreement to retain their earnings” in September or shortly after, he said.