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FDA full clearance can hit at any time?
I thought they hadn’t even submitted paperwork for it yet?
I thought the last meeting was a pre submission meeting?
Well, I hope I am reading it wrong...
I am just telling you how I read that article
I don’t see the unbridled enthusiasm that others are getting from the article...
Sorry ... this is how I read this.. not being negative. Being realistic...
They provided positive feedback on the clinical data.
They also provided guidance on how to submit....
Of course the will provide guidance on how to submit further information.... what we don’t know what the guidance was....
Sorry, nothing in that press release by BIEL gets me excited....
Sorry folks... when I read that article all I see is PR talk... the FDA didn’t approve anything or provide anything other then guidance....
I hope their is more then that for people to get so enthusiastic about...
If you do have info, is there a general timeframe?
Does it really matter at this point if they take a draw? They essentially are getting the money they paid in back...
This may spur more conversation as to why the most profitable company per employee in the Fortune 500 is needing to “borrow” money
Congress can’t get it done..
Watt and Mnuchin need to make a change....
After Mnuchins testimony and the questions from Corker and Hershiling it sure looks like the Corker bill is dead.
Watt and Mnuchin have already said they could act but would prefer a congressional reform...
congressional reform is not going to happen....
I think we will just have to see where Mnuchin and Watt take us.
If you watched Mnuchin being questioned by Warren about deregulation of banks... do you really think she will support handing the mortgage system over to big banks? No way...
LOL. I hope Trump doesn’t do that...
I hope that infowars info turns out to be not true...
So no news just price drop?
I am all in on this...
Was able to buy 610 more FMCC shares with the drop this morning
If I had more cash I would be buying more...
Just see the drop this morning ... is there some announcement this morning?
I read that as instead of a 600 million buffer each quarter.... Now there is a 3 billion buffer each quarter..
Meaning any cash they have next quarter over 3 billion will be swept.
That would be any profits next quarter assuming there is no loss of there current 3 billion buffer..
So I would say the NWS is not over or they would clearly state that all future profits will be kept by the entities..
The sweep is not ended
I believe the capital buffer retention was a one time thing to get to 3 billion for each entity..
The sweep is still in place and next quarter all profits will be taken..
Merry Christmas....
Don’t get me wrong I like and I am glad that Glenn is involved and I have learned a lot from his articles...
He posts the amount of shares he owns at the bottom of each article.
I noticed that he said he had 1200 shares of FNMA recently...
In that last article, the 1200 shares wasn’t listed.
If the 1200 shares is what he is talking about selling for losses... well.. I would have to say that is a little misleading...
Recap using what 100 b?
That money the treasury took is long gone...
I bought FMCKP at Fidelity
First trade you have to call it in for their disclosures
After that you can make the trades yourself
I know there is so much more to the GSE situation but I can't understand how all the lawsuits against the bad loan banks for billions have been resolved so quickly while the action on the GSE situation doesn't seem to have had any progress made toward a resolution..
LOL
Along, I personally love your posts...
Not for your "expert" trading knowledge...
Just for humor....
If it is stopped great...
But from what was discussed at the senate hearings it doesn't sound like it will....
Unless something new was published after the senate hearings, I would suspect the payment will be made..
I would count on the payment being made....
Mnuchin and corker mentioned 75 days as a timeline to get something done...
I count that as the next payment from the GSEs...
You can count on this one going thru....
I can't send private messages or I would to you instead of putting this in the public forum
And I agree 3 years is not a long time compared to many others that have been on since day 1 of the conservertship... Or owned stock since before the conservertship and have held....
And I also agree that it is very risky what I am doing.. I hope the reward is worth the risk I am taking....
I agree that who knows what the actual outcome will be...
I've been on here for 3 years...
At this point I just want progress to be made and move forward...
I'm 50 and all in on this, if it's not going to work out I need to start building again...
People seem to be focusing on Watt and the NWS
I think that the bigger statements came from Mnuchin, he said:
1. Housing reform is a priority for this administration.
2. Mnuchin said that reform is a priority for him in the second half of the year
3. Mnuchin said the GSEs cannot stay in the current government control, it is not sustainable
4. Mnuchin said he has had several conversation with Watt about the GSEs.
5. And I think the biggest one people aren't talking about is... Mnuchin said he strongly prefers to have a bi-partisan bill to address the GSEs. To me strongly preferred means if congress doesn't act or can't get to a decision, he will act on his own.
6. Mnuchin said treasury has a large amount of money tied up in the GSEs and he needs to protect that
7. Mnuchin said that the taxpayers need to be protected first by private capital in front of any loss... Then he brought up FDIC insurance for banks as a similar back stop
All those things to me are extremely positive for some change occurring before the end of the year
This article is incorrect
Watt never said he would end the NWS this quarter
Watch the video for yourself it was on cspan3 , this information is incorrect
He did not say he would end the nws
He said he would not make a payment and would build a capital buffer if needed
I know other people on this board didn't see Watt and Mnuchins testimony the last couple weeks as positive but I did
I can away from Mnuchins testimony as believing that an fdic like fund may be created as an insurance to replace some of the risk to taxpayers. This would be funded by new loans.
I also came away with Mnuchin saying that he strongly preferred to have a bi partisan congressional bill to move forward... To me the strongly preferred is the key wording... If congress can't move forward I believe he will move forward with a treasury directed change
I also think that watt saying he and Mnuchin had discussed a capital buffer and that if needed he would not make a payment is also positive news
Didn't post those thoughts because people can make their own decisions.
I think we r close to having a change in the conservertship...
I haven't listened to the recording yet but someone just told me that Mnuchin says he expects a bi partisan reform plan for the gse's in 75 days.
If that is the case that is great news... We need to move forward and have this thing end ...
Who knows what happens but I want a decision to be made and changes made this year and not have this drag on for 2 or 3 more years....
I think it's usually cspan
If you have cable and a dvr, setup the dvr to record mnuchin's testimony tomorrow and then watch it yourself and make your own opinions instead of just reading other people's opinion....
Did people watch watts testimony?
Watt said that he and Mnuchin had discussed creating a capital buffer for the gse's
He was then asked how much the capital buffer was that they discussed
Watt said he thought that was a better question for Mnuchin next week
I see this as only a positive thing and hope tomorrow that Mnuchin gives us the direction that he is proposing going forward for building capital buffer for the gse's.
Watt did not mean that he will end the NWS. He meant that he has the authority to not make a payment to treasury so that he can build a capital buffer so that the gse's will not require another draw.
I also agree that watt and Mnuchin discussing a capital buffer is big. Even if the NWS isn't stopped completely not making a payment to the treasury would be big... And put pressure on congress to move forward or the NWS could be completely stopped....
I still do not understand why in conservatorship stock is still allowed to be owned and traded...
If they are going to disregard shareholder rights when the stock dropped to next to nothing in 2008 why didn't they just do something about it then?
If we are a private owned company then they should be concerned with shareholder rights...
If it is a government controlled company as they keep saying , then they should have killed all the shares in 2008...
When Fannie and Freddie went into government control why didn't they stop allowing the stock to sell? They talk about re-privatizing but the companies are already private companies?
Why is it that the cbo report on healthcare costs is brought up but last year when the cbo said the NWS should stop for Fannie and Freddie nobody cared?
Are the regulators fha - Mel watt?
What surprises me is the Exxon's profit last quarter was 4 billion
Fannie and Freddie each made more...
What would the uproar be if the government left Exxon under control for the last 9 years.....
Sorry if I missed this,
did they give an actual date in March when the dividend would be paid?
I don't see the pps being affected by the nomination. Everyone knows it's 99.9% that Mnuchin will be nominated .... Why should there be a spike up?
Thoughts on the possibility of just the nws being stopped before this is paid to treasury?