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Lol...you sold your position...you will eventually pay the freight and its not getting any cheaper...best you can do is buy a small dip...good luck with 1.20...long gone
Everyone wants to "kill" fnf but they will never be able to come up with a better model or one they can agree on imo...as the saying goes, the devil you know is better than the devil you dont know...
Take from it what you want joe...was just sharing a new article...I dont think its all that bad personally...
No they arent, bofa was...
It all boils down to senior preferreds...if you think the gov can/will sweep profits legally into perpetuity than its obvious you arent a buyer of fnma or any of the jr preferreds...if you think an ammendment #4 will once again change the payment structure than you are a buyer of fnma and/or the preferreds. We are the same as the hedge funds that have different opinions on the matter.....if you think they are truely worthless than why waste your time posting on this board...go play a diff ticker...or are you just trying to play games?
Yes...bullish at least until q3...gotta keep on track with the plan and not let the media detour me...at least this way if I lose its on my own account...forward, march...
Risky but thats the nature of fnf...who knows what the hell will happen...im trying not to trade too much...I prob shouldnt have bought back in, my original plan was to wait until tomorrow...but since I believe we are headed sideways to north I rather hold on and dont feel good when im in all cash...oh well...
Hensarling and reed bills/plans to come soon...hensarling should be fine with fnf being privatized so long as they are financially solvent...see his previous bill below...it all comes down to how they handle the seniors as we all know...I think full profit sweep into perpetuity without reducing principle amount of seniors will be 5th ammendment violation...still expecting things to change once fnf hit net zero...possibly q2 most likely q3 and a small chance q4.
http://hensarling.house.gov/news/press-releases/2011/03/hensarling-re-introduces-legislation-to-end-taxpayer-funded-bailout-of-fannie-mae-and-freddie-mac.shtml
On or before aug 9th I believe.
Flips between now and earning...hold overnight and dont sell for a loss. I sold everything today and didnt like the way I felt...lol...
Back in 3/4 @ 1.49
It could anytime...im taking a risk in a way by selling although I made some good profit...seems like a good time for them to open lower tomorrow...im guessing...they play dirty games like that...people confidence to hold overnight is back now...still like long term just trying to play short term as well...who knows...I wont bash like others now that im looking to get back in tomorrow perhaps ;)
Unloaded other 3/4 @1.51...done for the day...will reasses tomorrow morning...
Scared money dont make money
Big change of tune from the weekend mr .82...
Sold 1/4 of recent 1.09's so I can start trading morning pops again...
Oh yes...and the chase is on
Yes they do...
No, 200b is aggregate lawsuit amount filed against the 18 lenders...we prob have about 45b coming to us...
I doubt there were any bad loans in 2012...have a nice day...ciao
There are no other lawsuits between fhfa and citi. Lawsuit amount was 3.5b and settlement amount 968m. Settled +- 27%. Not sure what you're referring to.
We are up from bofa settlement of 20%....
Numbers released for citi settlement, up from bofa 20% settlement
http://www.marketwatch.com/story/citigroup-announces-agreement-with-fannie-mae-to-resolve-potential-future-mortgage-repurchase-claims-2013-07-01
You will be fine...
All in due time...was nice to reload down around a buck!
I was referring to fnma...the video was speaking about both fnma & fmcc
Thx...I knew yahoo stated the 11% but their breakdown doesnt reflect 11% of the commons? I usually use morningstar and their numbers dont equate to 11%...so ameritrade says 11 also...has anyone else ran across the 11% number from other sources?
Im not able to see the 11% you're speaking of...please explain how you have come up with this number...thx
Once "dividend" payments to trsy equals taxpayer cash infusion - 117b. We are somewhere around 95b at the moment.
Not really...if they go fmic route that's ok if they allow fnf to recap and be spun off to private market as private insurers...
Looking forward to hearing back on which class of shares they own and when they purchased them...thanks.
Just as a reminder....two words: jim millstein
good night
I will stop here with you...
Where did you find this out, do you have a link? Approx how much stock and what class?
Ok, you're right...he bought 25m-50m worth of commons for a bargaining chip. He was vague because he didnt want us to know exactly how many commons it would take to get the deal done...sound better now?