Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No kidding brother... it's about fricking time.... hope Drudge picks it up before tomorrow's speech by Trump to Congress
And so it begins...
dude... you slipping towards the dark side??? Say it isn't so...
I agree with that statement Stockprofiter.... Secretary Mnuchin highlighted this morning on Fox the debt doubled over the last eight years from the previous administration so the references in highlighting of the required "fixing" and the inheriting of messes is only going to get louder.... Fan and Fred are key to the fixing of the mess..
Key sentence from POTUS yesterday.... "We must do a lot more with less, and we must stop the improper payments and the abuses, negotiate better prices and look for every last dollar of saving..." He is starting to get super pissed....
51k on the ask with 30 seconds remaining
Fmcc had a 520k transaction at 2:58 cst. Can't tell on my phone if buy or sell. Any idea?
Who bought the 308k t-trade?
Page 12 of 24 page doc
It's on the greys.... A little higher than most on that exchange I would imagine... Hit 40k per share in Mar 2014 with a liquidation preference of 100k per share... Ipo'd with 25,000 shares at 100k .... Conversion looks to be 1060 shares at 94.31 if converted to common... Hmmm... Kiss the ring club...
$32,550 for one share ...... Wow!!!
GS now up 4% and all others up over 2%.... Someone likes something...
Thanks for posting...
Interesting statement:
Hinting at where the administration might expect the review to lead, the official said that under the Obama administration, "some of the rules may have even been unconstitutional, creating new agencies that don't actually protect consumers."
We are seeing exactly why "The People" can't stand Congress and what happens with hope and change when the Feds steal two private companies to bail the banks out...
More Fake News!!!
Who's Administration?? Geithner being a predatory lender??? Classic!!!
Appreciate the link.... Amazed that the 2 trillion Citigroup bailout has not made any headlines.... Why did we need tarp if the fed had this backdoor loan program that the press didn't cover??? Fed made a boatload of money off these loans... What exactly did FnF do bad again???
http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf. Page 143 and 144
"John has a long mustache"
"We strongly agree with Mr. Mnuchin’s views about the GSEs."
Yes sir.... Me too....
That dude is giving Corker props in that video. We need to comment the heck out of it and help ol' Scooter with the truth...
Looks like all preferreds are up for the day so far
Is it me or is someone covering? Fidelity showing lots of volume past 20-25 minutes... Hmmm... RSI looks reset...
Check out fnmfo price action today. Highest I have seen it
Where is "Long Duck Dong" at today?
https://www.law.cornell.edu/uscode/text/18/2071
Title 18. Section 2071.
a) Whoever willfully and unlawfully conceals, removes, mutilates, obliterates, or destroys, or attempts to do so, or, with intent to do so takes and carries away any record, proceeding, map, book, paper, document, or other thing, filed or deposited with any clerk or officer of any court of the United States, or in any public office, or with any judicial or public officer of the United States, shall be fined under this title or imprisoned not more than three years, or both.
(b) Whoever, having the custody of any such record, proceeding, map, book, document, paper, or other thing, willfully and unlawfully conceals, removes, mutilates, obliterates, falsifies, or destroys the same, shall be fined under this title or imprisoned not more than three years, or both; and shall forfeit his office and be disqualified from holding any office under the United States.
So Berko called their bluff to be the private capital participant the government had been trying to communicate was required and the government chickened out... kinda how I am reading it... Berko would of probably of been profitable within 24 months and it would have been another example of a "loan" not needed....
P.S. JPM sucks
P.S.S. Wells Fargo are crooks
P.S.S.S. GS blows
"Just show the documents....." exactly Bruce
Right now I've got a few words for some of our brothers and sisters in the occupied zone: "the chair is against the wall, the chair is against the wall", "john has a long mustache, john has a long mustache". It's twelve o'clock, American, another day closer to victory. And for all of you out there, on, or behind the line, this is your song....
fnmfo is up 29%
Largest one to date that I am aware of so far......
Federal National Mortgage Association (FNMA) - Fannie Mae Announces Two Credit Insurance Risk Transfer Transactions on $14.4 Billion of Single-Family Loans
http://www.otcmarkets.com/stock/FNMA/news?id=140967
Don't forget before the settlement talks.....Berko tried to buy fnma and fmcc insurance business back in 2013 and recapitalize to take this problem off the governments hands and be that private capital.... Bruce was stepping up and our idiots in Washington balked.. Wonder if that offer still stands?????
http://www.businessinsider.com/berkowitz-wants-to-buy-fannie-freddie-2013-11
Makes you wonder about Scalia.....
FNMFO is on the grey market Scooter. Might have something to do with it.
So you are saying that the FHFA failed the stress test?
Fmcc had a 328k after hours purchase/cover
Thanks Kip for the link... Gotta love this... If you can't afford the house Sperling... downsize.... Economics 101.... You made $2 mil at GS for christ's sake... Now works for Clinton.... issues with ethics rules as you might imagine... Nice....
"Transactions appear to be at odds with federal ethics rules. Because the loans were at below-market rates, Holman said, Sperling received a financial benefit akin to a gift. Federal rules bar executive branch employees from accepting gifts from “prohibited sources,’’ defined as anyone with business before the federal government. There can be exemptions for personal friendship, but Holman said such gifts should be barred because of the conflicts of interest they pose."
Article also points out he worked on getting the 25B settlement from the GS, JPM, Warren Buffet, I mean Wells Fargo, Citi and GMAC/Ally... (Did Ally pay all the money back???)
https://www.justice.gov/opa/pr/federal-government-and-state-attorneys-general-reach-25-billion-agreement-five-largest
Maybe I am oversimplifying this, but am thinking that with Sperling's work back in 2012 for 25B and the extra dividends from Freddie now paying $99.1 Billion in cumulative dividends returned to the taxpayers and Fannie repaying $148.5 billion in cumulative dividends returned to the taxpayers minus all the other lawsuit money that was paid for selling bad mortgages to the GSE's... Mel has got that $125B he needs if he can get it out of that piggy bank...
JMHO
Of course they are giving FNMA and FMCC a run!!! They are trying to recoup that $5.1 Billion dollar fine for SELLING BAD MORTGAGES/PAPER that contributed to the 2008 Financial Crisis!!
http://www.wsj.com/articles/SB10001424052702303615304579157931846055864
"The deal unveiled Friday by the Federal Housing Finance Agency included $4 billion to settle claims that J.P. Morgan had misled Fannie and Freddie about the quality of nearly 129 securities for which they paid about $33 billion. The nation's largest bank by assets didn't admit any wrongdoing in agreeing to the settlement"
Banks get to pay fines and not admit any wrongdoing and still no one has gone to jail.... F - JPM!!!
VIX has dropped 55% in past couple of weeks since Brexit to a little above 11 which is the 52 week low.... Chaos a cometh....
"More than 75% of our single-family loans are long-term fixed rate loans, such as the 30-year fixed rate mortgage that we helped make possible. These mortgages remain the mortgage of choice for the vast majority of American homebuyers and homeowners looking to refinance. They have value for this certainty and predictability and because they give homeowners the ability to refinance when it makes sense for them and their families."