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Investors Unite Members Meet Mel Watt at Newark HARP Event
March 6, 2015
A group of Investors Unite members were able to make their case directly to the Director of FHFA at an event in New Jersey this week. On March 4th, FHFA Director Mel Watt hosted a town hall to inform homeowners about assistance programs offered through the Home Affordable Refinance Program (HARP). At the conclusion of the event, Investors Unite members Bud Coleman, June Scortino and David Gellman sought out Director Watt for an informal conversation, which the Director graciously agreed to.
Coleman said the entire conversation between investors and Director Watt was "very pleasant and respectful." Even though Watt didn't address our issue directly in his formal remarks that day, his willingness to listen to investors after the meeting demonstrated his respect for them and their views. It is our hope that Director Watt understands that he has the support of Investors Unite in exercising his authority to end the conservatorship, as provided for by the 2008 Housing and Economic Recovery Act (HERA).
Investors Unite members have made their voices heard at similar events in Detroit, Miami, and Atlanta, which also provided some face time with Director Watt to reinforce our message.
Some of the investors who met with Watt in Newark participated in our fly-in earlier this year. We are grateful to these members for remaining vigilant in our cause.
We will continue to respectfully urge Director Watt to use his powers granted under HERA to end the conservatorship of Fannie and Freddie.
To find more Investor Unite blogs click here.
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About Investors Unite: Formed by Tennessee activist investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (www.investorsunite.org) is a coalition of private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
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The website name changed.
He would have informed about this change earlier to the readers if he really wanted to restrict to the selected few. So I am guessing the site might got hacked. This is Just IMO.
Is the release will be announced before the hearing ??
Can any one please let me know what's the best question to ask, regarding FnF, one of the committee members who happens to be from my state ? Thanks in advance.
I think the lowest level is 0.17.
When I was thinking a lot asking myself how long it takes for Fannie to realize it's real value, I got a dream one night in which I just see two numbers 4 and 5. So I interpreted that it takes 4 to 5 years. Don't know whether that 4 to 5 years is, for Fannie to reach it's full value or it just starts realizing it's value. This happened recently.
Last year in my dream I saw Fannie was trading at $11.11.
Don't know whether this is going to happen like this or not as this is just a dream.
What will be the bottom for this week ??
What's FNMA's current RSI commander?
What's RSI commander.
More like a Pump & Dump. That's it.
My guesstimate is 4 to 5 years.
Hi Commander, I have level II in my iPhone for Ameritrade. Can you please let me know how to look for RSI. Thanks.
Fannie Mae paying another $1.9 billion to treasury. - Seeking Alpha.
No buying with out up listing. I feel like warrants thing might need to be resolved before up listing.
No buying with our up listing. I feel like warrants thing might need to be resolved before up listing.
hvpatel, what's the time line that it has taken for GGP.
I guess, he may eventually tell that this would worth couple of hundred dollars. If you say that this would worth $300 when it is trading at $2, it looks odd. So I feeling like he may eventually rise his PPS estimation. My guess is he already know that the warrants are worthless. Just IMHO.
Anonymous comments at TimHoward717.com on February 16, 2015 at 12:47 pm
Imagine a firefighter stole your jewelry while saving your house.
Imagine a FAKE firefighter stole your jewelry while pretending to save your house.
Reply
2.56 Euro is 2.91 dollars
Nothing less than $25 with warrants, $125 with out warrants. IMHO.
Ok. Thanks.
What are the yesterday's gaps.
Nice to see you back on the board.
TimHoward 717 Comment:
The obvious explanation today is that some very big players have been turned on to the “truth”.
TimHoward 717 Comment:
This remains a very fluid situation and could blow wide open at any time. Our simple campaign of truth has triggered a chain reaction that is impossible to contain, It was like a spark in a dry forest. They are searching for an exit plan that makes political sense. The minute one whisper leaks confirming that the administration is on board things will get crazy fast.We will be thrust into the mother of all battles. You can never rule out the possibility of more court settlement talks as well. The obvious explanation today is that some very big players have been turned on to the “truth”. Keep your ears to the ground. (will update as new intel comes in)
I am here holding for a long.
Good close after a long time.
AAMRQ raised slowly from low 0.30s in 2012 , but whole year below $1, to about $11 in 2013. Then up listed as AAL. Almost 1 AAMRQ = 1 AAL. I believe FNMA is much more valuable than AAMRQ and takes much more longer time than that. My guesstimate is 4 to 5 years. So around Jan 2019 the light may start shining.
Truth will ultimately prevail where there is pains to bring it to light --
George Washington
Are the warrants valid in your calculation ?? As per many here the warrants are not valid.
Did you mean to say 1/8 billion or 1.8 billion ??
Reyprimero, How/where to see it ?? Thanks.
My guesstimate is 4 to 5 years.
stockanalyze, added DNDNQ today and thanks for your analysis. Following you. Thanks.
I added few today. Not sure what would be the outcome but wanted to be in. Thanks.
Why they need an multilingual auditor at this time ??
stockanalyze, I am long here just blindly holding as I missed AAMRQ.
IU Responds to Iowa Court Ruling on Fannie & Freddie
Iowa case dismissed, no surprise here read what we wrote on 12/18/15 :
--TimHoward717