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So, a rhetorical question, got it.
[ in their report, due on feb 25, they will declare they are all in favor of screwing the banks????]
Could you elaborate a bit on this?
Sticks and stones may break our bones, but they are not particularly logical.
Nah, if anything this writing would scare people off. The 'were publicly traded' sentence is atrocious stylistically. I'd say the editor slept thru this one.
Read the whole sentence and it becomes factual, accurate.
I could see it being well manipulated 'head room' to provide an exit.
March goes on.
Nice! This is an odd earnings push, with everyone on the outside in full knowledge that F&F are about to pony up all profits for the first time.
Npr mentioned the 30yr int. rate finally went up today. Good sales numbers of homes currently owned, but none of this balances out the stickup everyone thought was coming when sweeps were first announced.
I'd like to think a leak, but don't you think it'd be higher still?
Thx Fud, figgered as much.
The language is still just shadow play, and the past tense while applied so terribly clumsily, refers to their pre C-ship status as being implicitly backed.
1st paragraph is exactly what F&F and implicit guar. did in the first place.
covered bonds, no? Hadn't that been debunked?
We own shares in a company that has tremendous actual value, and fell to its current state through actions outside of it's control. We may be speculators, but that doesn't mean we're wrong, or that we are witless greedy vultures.
One temporary period of zero closing costs. Refinancing promotes itself, but the 'beleaguered multitudes' that are not rushing to refi are turning away from multi thousand dollar charges &fees.
nice find, I haven't looked at Rortybomb [aka Mike Konczal] in over a year. I didn't expect that sort of writing from him.
This is the sort of journalistic beat-down we need to see on a regular basis.
Better yet, just reverse some of the reserves. I've hunch F&F could spare 20 busd in reserve cash :P
Not sure what I have wrong, but how does the DTA result in more money for the gov't? For us, yes, but it should mean less revenue for gov. What am I derping on?
People sell for lots of reasons, they buy for one.
Nice mannheim stream roller reference! I will followup by email when I get the chance, even if you're mostly kidding, which I doubt, btw.
Improvement = improving
and
Elevate = alleviate
Wonder if that particular housingwire writer was using an ipad, lol.
Good to hear though.
An etsy page is in the offing, will get back to you.
I'll keep that in mind, if I don't clean them out myself. ;)
Super - OT, classical sculpture: Anyone interested?
If I recall correctly, skibrian is an art hound of sorts.
A friend of mine is an accomplished sculptor, who both trained and instructed, in Florence Italy.
Studied ceramic sculpture at Alfed University, NYSCC, [same place I studied ceramic&glass science], and conveys some pieces to bronze.
I am trying to help garner interest & exposure, since Rochester is, at times, too small a place
Anyone looking to fill up space on a book-shelf?
The first case goes to court NEXT January? Gah.
Thx 'theman, don't know how I forgot CT's were cumulative.
Regarding lehpq, are they the only normal pfds getting the equity interest-as-dividends treatment in said docket?
Thanks all.
they only accumulate if dividends are cumulative. Lehpq, for example, is non-cum, so I don't know what to think of yesterdays discussion.
btw, I picked a rough handful of lehpq before I discovered CT's were the best play
Sounds like utility model to me.
He's arguing to reduce inefficiency inherent to the redundancy built into F&F. But they were made to compete.
Biggest issue I have with his basis for removing the competitive element (albeit resulting in utility-like model, is that he claims the quality of credit standards deteriorated due to said competition; the financial crisis committee basically shows that F&F had no where else to go, the vast majority of credit coming in being rather 'shoddy' leading up to the brink of the crisis
I see one trade event @ volume of 600, so it doesn't appear to be too bad, but that is thru my phone, via google/finance; low res depiction. Bit steep of a price for us bohica be-devilled folk, but if our plays work out, this one will, too.
Lolwhut? All I said was "not a prob, bob" ; that's strange
Who deleted camaro? and my acknowledgement of salt's manners? Why not delete the phuck of a duck who bought stock in a company they claim is in receivership. The depth of stoopid, that.
Perhaps they recanted, I haven't bothered digging thru the noise. And so, this board is damaged.
I still have everyone's emails, if it stays effing ridiculous, we have what was prepared just after D-day (de-listing).
Tell me if I'm wrong here, but isn't the more important datum the fact that WSJ quoted a NET balance [137], as opposed to the bigger, scarier # of 187 busd?
Very odd, that.
That signature, jeesus, how in the fruck did he get as far as he did? That's more intentional, than simply stylistic personality. It bothers me more than I would have expected.
Any how, jackie is not going to be much, if at all, easier on us than the timmy, at least as far as we could see back in November.
Taint, teach[ebano, with a language upgrade], is just trolling. If it were real, I'd submit it to the fbi's 419 department ;)
LoL, everyone knows that only ebano is capable of in-depth analysis.
"PowerPointy" lol. Imagine he's right, though.
Good to know, thx ski. Are these on the outskirts, or downtown? I'm not sure which part she has to frequent, but she might be down there 2+ weeks
I haven't been there, my wife's company has a test house down there, for breaking stuff. She says it seems well planned. I wouldn't know, empirically.
Ugh, define riff raff.., though she's a tough cookie. Grew up on the meanstreets of manhattan
She blew me off at first, but then I won her over. [ sorry, I tried to leave the off 'off' of that sentence, just couldn't ] :P
I am actually camaro, and tainted, and in this wild spirit of truthiness, I beseech you to believe that I honestly forgot to type the word "off" in that sentence.
I am free to talk to myself about where&how I want to conduct my own congress. If any of us were honestly against wasting time on a message board, we, well, I mean me and you, {cuz I am also joe, [unless you are joe(are you me?)]}, would not even be here, let alone invested in F&F.
lol
Regarding Florida, Mrs ace_of_wands really enjoys melbourne when her company aends her down for work. She's headng down to fla in a week, and specfically to Melbourne in february.
overall she regards it very well.
Excellent find!
[Yes! Finally a breakthrough! Pretty soon you will be beating the "we need a payback plan" drum, and trying to figure out a strategy of getting it done.]
I think the concept of a 'plan' needing to be in place has been 'without needing to be said' here, well before you came along.
I cannot in any way conceive of a strategy that we can enact to get us 'in the money' that would not more likely net us negative publicity.
If this thing is going to [or could] net some of us millions [not I, :( ], would we really seek to publicize such?
once a 'takings' does occur, then and only then would I personally support squeaky wheel tactics. Until then, I lose nothing by keeping the eff quiet.
rosetta, oh rosetta, why hast thou forsaken us?
If I may, mstech, euro has been one of steadiest, and highest contributors to our ragtag group of pfd holders. Any appearance that he whole-heartedly agrees with joe/wood should be scrutinized, as he [euro] is also possibly the most polite user of this board. You may be mistaking his enthusiastic appreciation for endorsement of joe/wood.
I have not been paying attn lately, though.
[seriously, where did Rosie go?]
Once in awhile such indulgences are warranted ;)
Chicks dig scars! hope the recovery is smooth
Clumsy hatchet job, praising aig, booing f&f, with a lazy, half hearted inaccuracy, feel free to comment.
http://www.marketplace.org/topics/business/keeping-tabs-bailout
I've been feeling a rant coming on myself, ski. Didn't read the board today til now, will have more time tomorrow.
The prospect of possibly 4 more years, after grinding out the last 4 yrs was beginning to irk me, so I get it.
I've ben feeling a rant coming on myself, ski