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You should also bold the words "for federally controlled" which could imply the end of c-ship
I hate how people always have to put a negative twist to things. You're not in his head so you don't know what he means... Give it a rest already
Government stealing from its citizens/shareholders...now there's a shocker(sarcasm)...
August 9th I believe
Thank you!!!
Where I can I get the live feed from?
I really hope watt does the right thing if he gets elected...
If they get rid of FnF I wonder how many jobs will be lost and be added to the unemployment rate...
What's your point? This is old news that has been out for over a week now. Did you just see it?
Isn't tomorrow when they vote on Watts' nomination?
Watt specifically said a couple times that he would follow the statute. c-ship statute specifically states that after the company returns to solvency it would be returned to the investors
I think the last 2 min says it all...
Congress intended the role of the conservatorship is to conserve the assets of FnF and manage them back to maximum support before giving them back to the taxpayer.
Makes me very comfortable in having a position in FNMA
NCRC Calls for Senate Confirmation of Mel Watt
http://www.realestaterama.com/2013/06/27/ncrc-calls-for-senate-confirmation-of-mel-watt-ID021767.html
June 27, 2013by NCRC
Category: News || Housing & Development, Investing
No Comments
WASHINGTON, D.C. – June 27, 2013 – (RealEstateRama) — In anticipation of today’s confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA).
“We urge the Senate to promptly confirm Mel Watt as Director of the FHFA,” said NCRC President and CEO John Taylor. “He is highly qualified, holds an exemplary record as a public servant, and has the knowledge and expertise to be a strong leader for the agency.”
“The Acting FHFA Director, Ed DeMarco, has seriously impeded recovery in the housing market by not allowing the Government Sponsored Enterprises to play a more prominent role in preventing foreclosures. The country needs an FHFA Director who will do what is best for homeowners, taxpayers, and the economy. Representative Watt understands that housing values will not improve as long as millions of Americans face foreclosure and there is a massive inventory of vacant and abandoned homes. Representative Watt has also always displayed a willingness to listen and work across the aisle. It is imperative that the new FHFA Director possess these qualities.”
In May of 2013, NCRC applauded the nomination of Mel Watt and called for his swift confirmation.
Earlier, in August of 2012, NCRC and hundreds of community organizations sent a letter to the White House calling on President Obama to recess appoint an FHFA Director.
About the National Community Reinvestment Coalition (NCRC): The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.
- See more at: http://www.realestaterama.com/2013/06/27/ncrc-calls-for-senate-confirmation-of-mel-watt-ID021767.html#sthash.XeLADhBi.dpuf
Is there a recorded transcript or anything of the hearing earlier today?
Did Watts say he would get rid of his banking/financial stocks if nominated so there wasn't a conflict of interest?
Agreed. FnF help the lower/middle class get housing which I believed helped his family when he was younger. Correct me if I'm wrong...
Back in action :)
I guess I wasn't meant to buy today. Don't wanna go into this blind
All I see are ARCA and JEFF. It's working for my other stocks except FMCC and FNMA.
Anybody else's L2 messed up on TDA?
ARCA pushing this down early morning.... I bet it goes below $2 today...unfortunately :(
Just another article to keep the price from going up...
I'm looking for a dip tomorrow based on the article about abolishing FNMA. If so, I'll look to buy another block. If not, all longs are full steam ahead
Tomorrow will definitely be interesting. There's a lot that can be taken from this article. I guess the morning will tell all. Just from the title of the article, it comes off very negative. If it gaps down, look out. We could see another Friday morning. I'll be there to pick up additional shares.
What's everyone's take on this? TIA
http://mobile.bloomberg.com/news/2013-06-03/senators-near-plan-to-abolish-fannie-mae-shrink-government-role.html?cmpid=yhoo
NADER FOR PRESIDENT!!!!
You're right! That's why we need guys like Nader voicing our concerns. If AIG can do it so can FnF
See you and the other longs in the $10 range sooner than later
Here's a thought...would the govt rather have hundreds of thousands of Americans writing off the money they lost in FnF on their taxes or collecting capital gains tax on profits that Americans would make by privatizing FnF again? Hmmm...
I have my ticket for the ride back up. I hope next time it's to the moon
You're correct! But would you not agree that since AIG was released because they reached solvency then that would hold merit for FnF? It would definitely make a great court argument if it reaches that point
Thank you!
They did it with AIG. Why should FnF be any different? They certainly pulled in a lot more money for the govt. i believe it's time for the common shareholders to recover as well
I understand that. Either way they are still betting that they come out of c-ship, correct?
IMHO, smart money follows the hedge funds...$500M stake by Fairholme speaks volumes. I'm saving my shares as a nest egg for early retirement
IMHO, smart money follows the hedge funds...$500M stake by Fairholme speaks volumes
Sold at 3.57 today. Looking for a good re-entry point...
Gap up time!!!