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Nader, Epstein on Fannie Mae, Freddie Mac [TRANSCRIPT]
http://www.valuewalk.com/2014/10/nader-epstein-fannie-mae-freddie-mac-transcript/
$10 run
wow $10 run tomorrow. check link
http://www.valuewalk.com/2014/10/nader-epstein-fannie-mae-freddie-mac-transcript/
wow $10 run tomorrow. check link
http://www.valuewalk.com/2014/10/nader-epstein-fannie-mae-freddie-mac-transcript/
if DOW up, tomorrow $1 +++ rum
GOVERNMENT BUY BACK THIS STOCK?
$10 ++++ soon any time
$10 ++++ soon any time
listen! I am here since 2009. before $4, 27cent down 19cents. then 65cent then 35 cents then $2 run,, then 75 cents then $4 run then 90cents then $6 run then $1.75( last week) then $8 run next week
The Fannie Mae and Freddie Mac Conservatorship: Bankruptcy Without Rules
$10 in next few weeks
http://www.valuewalk.com/2014/10/fannie-mae-freddie-mac-conservatorship-bankruptcy-without-rules/
The Fannie Mae and Freddie Mac Conservatorship: Bankruptcy Without Rules
$10 in next few weeks
http://www.valuewalk.com/2014/10/fannie-mae-freddie-mac-conservatorship-bankruptcy-without-rules/
$3+ coming today
$2+ BEFORE CLOSED
going back to $3 TODAY !$1+ fly run, wait and see afternoon
FMCC is more stronger than FNMA. but I don't have FMCC
FMCC is more stronger than FNMA. but I don't have FMCC
LUCKY I GOT/BOUGHT ANOTHER 25000 WITH $1.75 FOR THIS YEAR VACATION TO ASIA.
Fannie, Freddie Holders on the Ropes
http://online.barrons.com/news/articles/SB51517841841143733463604580188464042499370
Few Wall Street gambits have been as cynical as those of funds like Perry Capital and Fairholme Capital Management to horn in on profits of Fannie Mae and Freddie Mac that are finally being enjoyed by the U.S. government after a $189 billion taxpayer bailout saved the mortgage giants from extinction in September 2008.
Ruling against high-profile investors, a judge backed the government’s right to mortgage-agency profits. Photo: Manuel Balce Ceneta/AP Photo
But last Tuesday, investors in these so-called government-sponsored enterprises’ preseizure preferred and common stocks got a nasty surprise in federal district court in Washington, when Judge Royce Lamberth dismissed lawsuits by Fairholme and Perry without even hearing oral arguments. The judge’s 52-page decision systematically rebuffed claims that the GSEs’ conservator, the regulator Federal Housing Finance Agency, had exceeded its authority by sweeping all of their profits to Treasury. He branded the reasoning on that plaintiff argument “arbitrary and capricious.”
Naturally, the court action caused the mortgage agencies’ preseizure common and preferred to plummet over the next two trading sessions. Various classes of the preferred fell by as much as 60%; Fannie shares (ticker: FNMA), by 44%, to $1.51 a share; and Freddie Mac’s (FMCC), by 44%, to $1.48 a share. A strong bounce back in Friday’s rally still left all of the shares down sharply.
In a July 29, 2013, cover story titled “Fannie, Freddie: On Borrowed Time,” Barron’s argued that the old shares would eventually be wiped out. But to little avail. The stocks rocketed upward until March of this year, as many investors followed the supposed smart money over a cliff into what has become the valley of death. We reiterated our view in March.
Options are clearly running out for the old shares. Perry Capital’s celebrated attorney, Theodore Olson, announced that Perry had filed an appeal of the Lamberth decision. A number of other investor lawsuits are pending. And the plaintiffs are still seeking redress in federal claims court. But the Lamberth decision looms large and casts a pall over all plaintiff claims.
In any wind-down or eventual liquidation of Fannie and Freddie, the government’s senior preferred claim to repayment of its $189 billion in recompense stands in front of the common shares.
The corollary to the hoary investment dictum, don’t fight the Fed, is don’t fight the Federal government.
--Jonathan R. Laing
Fannie, Freddie Holders on the Ropes
http://online.barrons.com/news/articles/SB51517841841143733463604580188464042499370
Few Wall Street gambits have been as cynical as those of funds like Perry Capital and Fairholme Capital Management to horn in on profits of Fannie Mae and Freddie Mac that are finally being enjoyed by the U.S. government after a $189 billion taxpayer bailout saved the mortgage giants from extinction in September 2008.
Ruling against high-profile investors, a judge backed the government’s right to mortgage-agency profits. Photo: Manuel Balce Ceneta/AP Photo
But last Tuesday, investors in these so-called government-sponsored enterprises’ preseizure preferred and common stocks got a nasty surprise in federal district court in Washington, when Judge Royce Lamberth dismissed lawsuits by Fairholme and Perry without even hearing oral arguments. The judge’s 52-page decision systematically rebuffed claims that the GSEs’ conservator, the regulator Federal Housing Finance Agency, had exceeded its authority by sweeping all of their profits to Treasury. He branded the reasoning on that plaintiff argument “arbitrary and capricious.”
Naturally, the court action caused the mortgage agencies’ preseizure common and preferred to plummet over the next two trading sessions. Various classes of the preferred fell by as much as 60%; Fannie shares (ticker: FNMA), by 44%, to $1.51 a share; and Freddie Mac’s (FMCC), by 44%, to $1.48 a share. A strong bounce back in Friday’s rally still left all of the shares down sharply.
In a July 29, 2013, cover story titled “Fannie, Freddie: On Borrowed Time,” Barron’s argued that the old shares would eventually be wiped out. But to little avail. The stocks rocketed upward until March of this year, as many investors followed the supposed smart money over a cliff into what has become the valley of death. We reiterated our view in March.
Options are clearly running out for the old shares. Perry Capital’s celebrated attorney, Theodore Olson, announced that Perry had filed an appeal of the Lamberth decision. A number of other investor lawsuits are pending. And the plaintiffs are still seeking redress in federal claims court. But the Lamberth decision looms large and casts a pall over all plaintiff claims.
In any wind-down or eventual liquidation of Fannie and Freddie, the government’s senior preferred claim to repayment of its $189 billion in recompense stands in front of the common shares.
The corollary to the hoary investment dictum, don’t fight the Fed, is don’t fight the Federal government.
--Jonathan R. Laing
Investors Unite Press Conference - Ending the Conservatorship
http://investorsunite.org/capitol-hill/video-ending-conservatorship/
http://investorsunite.org/capitol-hill/video-ending-conservatorship/
Investors Unite Press Conference - Ending the Conservatorship
http://investorsunite.org/capitol-hill/video-ending-conservatorship/
http://investorsunite.org/capitol-hill/video-ending-conservatorship/
Fannie Mae: Event on Capitol Hill Highlights Need for Reform
http://www.valuewalk.com/2014/10/fannie-mae-event-on-capitol-hill-highlights-need-for-reform/
Fannie Mae: Event on Capitol Hill Highlights Need for Reform
http://www.valuewalk.com/2014/10/fannie-mae-event-on-capitol-hill-highlights-need-for-reform/
Q: What happens to the Company’s stock during the conservatorship?
A: During the conservatorship, the Company’s stock will continue to trade. However, by statute, the powers of the stockholders are suspended until the conservatorship is terminated. Stockholders will continue to retain all rights in the stock’s financial worth; as such worth is determined by the market.
Q: When will the conservatorship period end?
A: Upon the Director’s determination that the Conservator’s plan to restore the Company to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship. At present, there is no exact time frame that can be given as to when this conservatorship may end.
http://www.treasury.gov/press-center/press-releases/Documents/fhfa_consrv_faq_090708hp1128.pdf
WHY? WE ARE GOING GOOD? I DONT UNDERSTAND MARKET
IF CHINA YES. USA IS UNDER RULE OF LAW. SO WE ARE NO (1) IN WORLD
IF CHINA YES. USA IS UNDER RULE OF LAW. SO WE ARE NO (1) IN WORLD
WHY NOT? NO PAIN NO GAIN. WE ARE HERE SINCE 2009. HA HA. 27 CENTS TO $2.00 (SAME LIKE TODAY)
~BLUE~ DISAPPEAR, GOING HIGH
NOOOOOOOOOOOOOOOOOOO RED ANY MORE, SUPER HIGH GREENNNNNN TOMORROW AFTERNOON, DOLLARS RUN
CLEARLY, SHARE HOLDERS ARE OWNNER. RULE OF LAW,
CLEARLY GOING TO FLY $12 + IN 4 WEEKS
CLEARLY GOING TO FLY $12 + IN 4 WEEKS
RLUES OF LAW, THAT WHY UNITED STATES IS WORLD NO (1)
ha ha wait wait until your next life
I think tomorrow DOLLARS run!!!!!!!
News for Judge throws out suit against government ...
http://www.marketwatch.com/story/judge-throws-out-suit-against-governments-sweep-of-fannie-freddie-profits-2014-09-30?link=MW_home_latest_news
which case? please!
$4+ TODAY