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The guy's going to need his job...he just got married last year...maybe he's being reassigned?
Sarah Brody, Bradley Cohen
JUNE 8, 2014
Sarah Michele Brody and Bradley Heath Cohen are to be married Sunday at the Temple, a synagogue in Atlanta. Rabbi Peter S. Berg will officiate, with Rabbi Ed Snitkoff, an uncle of the groom, assisting.
The bride, 29, is the director of fund-raising and external affairs at Charter Board Partners, a nonprofit organization in Washington that helps charter schools develop governance boards. She graduated from Emory University and received a master’s degree in education from the University of Pennsylvania.
The bride is a daughter of Janet R. Brody and Richard H. Brody of Atlanta.
The groom, 38, is a trial attorney in the federal programs branch of the United States Department of Justice in Washington. He graduated magna cum laude from Harvard, from which he also received his law degree.
The groom is a son of Sheila L. Cohen and Robert Cohen of Memphis.
http://www.nytimes.com/2014/06/08/fashion/weddings/sarah-brody-bradley-cohen.html
Does it show a reason for the withdrawal?
If you're scared, go to church...
The guy lacks experience in so many different angles to be in the position he is, I don't even know where to start...
Solvency refers to an enterprise's capacity to meet its LONG-TERM financial commitments. Liquidity refers to an enterprise's ability to pay SHORT-TERM obligations; the term also refers to its capability to sell assets quickly to raise cash. The GSE's were not insolvent...again they had a liquidity issue...the huge amounts of dividend payments along with DTA's and the latest asset sell-off justifies it even further...I'll burn a cd for you now...where do you want me to send it to? THE GSE'S DID NOT AND STILL DOES NOT HAVE A SOLVENCY ISSUE, they HAD a LIQUIDITY ISSUE! NOT ANYMORE! GET IT THROUGH THAT THICK SKULL OF YOURS!
When you have money pending in accounts receivable, DTA's and have extreme amounts of assets, yet no cash in the cash register...is that broke? Your conception of broke is only when you have no cash in the register...not true...I say it again like a broken record...it was a liquidity issue...next time I'll burn it for you on cd...
They're saying they'll call it a wash for the amount the GSE's owe since the GSE's paid more in dividends...the author is assuming that since the government doesn't recognize the dividend payments as repayment...bullcrap...it's already paid back...it's a way of making it look like shareholders are receiving something they would have anyway...
...or nuts and fruitcakes...
What language is your first since I see you're having problems understanding the video in English. Maybe I can get look for a subtitle or a translated version for it. Let me know, thanks!
Let me guess...you didn't watch the video I posted for you a few days ago...well if I can't point to a fire and tell you it's fire, then I guess you'll know when you get burned...
I know you'd like to make a link with this and how shareholders feel they are being singled out by the government, but no it just shows that Congress is no different than the current U.S. President on their disregards on how or where they receive their funding as long as they have money to spend. They're trying to cover potholes every which way they can, especially since they're receiving so much push back on using money paid by the GSEs to Treasury. Look we all want money to buy new things, but taking from Peter to pay Paul doesn't work because when the rain comes pouring down Peter will have a pothole so big that Paul won't be able to cover...get it?...water flows downstream just like money, but you can't open the dam and dry out the reserve...
Europe has already started a program like the GSE's for 25 year mortgage...the GSE's are a crucial part to sustain a 30 year mortgage in the U.S. Asia is not very far behind in implementing a long term mortgage program just like the GSE's.
Keep in mind that the GSE saved the government and the taxpayers from another greatest depression...you can say all you want about how the government saved Fannie and Freddie..but the reality is shown in Europe that without a GSE backstop...the government would have an explicit guarantee bailing out the entire housing on it's own...and that's not jmoho...
They always have to add how much hedgefunds can win big in an article that has nothing to with hedgefunds. Clearly this article is about coalitions fighting maintaining status quo and joining forces, yet they couldn't resist to mention hedgefunds or how long it would take even though Obama has much opposition. Quit the media bashing, it's super old...damn government buying out media again...you see it all the time on international news, yet the only thing we see is local fires, police chases, and natural disasters. Much censorship in U.S. news...just tell people exactly how it is. .. STOP RUNNING THE MEDIA LIKE A COMMUNIST COUNTRY BY HIDING EVERYTHING...transparency...my @$$...
What the hell is this guy talking about... doesn't offset prior draws...Lew already said it's paid off...so why is this idiot still paying the Treasury?...adjust the profits to show continuous losses until exit from C-ship...this is the reason nobody wanted him as CEO in the banking industry after he was fired and categorized as an unfit CEO.
Bailout has been repaid...get with it...
Are you serious? Where have you been? Lew admitted to Congress that the bailout was repaid...
Why would you need a pay the government backstop fee on an implicit guarantee that's already repaid? The GSE's are not Ginnie Mae...Lew already told Congress that it's repaid...once private companies have repaid their debt, there's no need to pay more than what was owed...do you pay 100% tax on your income even after what was owed to begin with? Who's been brainwashing you?
Yay! We ended same as yesterday!
Mayo...is a traitor...He's the first one that needs to go when C-ship is released...he was fired from the banking industry for being an "unfit CEO"...
The future is strong and stable in the forseeable future. Today, was a warning shot that people's views are changing about the GSE's...hang tight...it only takes a pebble to start an avalanche and sometimes it only takes one person to yell out a word...
Look who's side Rand Paul is on...
Rand Paul nabs South Carolina endorsement from Rep. Mick Mulvaney
http://www.cnn.com/2015/09/21/politics/rand-paul-mick-mulvaney-endorsement-south-carolina/
Freddie Mac 3Q Earnings Announcement Reinforces Need for GSE Capital Retention
WASHINGTON-Today Freddie Mac announced a $475 million loss for the third quarter.
Investors Unite Executive Director Tim Pagliara issued the following statement and is available for interviews:
"Today's earnings announcement by Freddie Mac reinforces the need for capital at Fannie and Freddie. There will always be down quarters, and Freddie Mac has reported this as an accounting loss, not a reflection of any negative changes to its core business. The fact remains that Freddie Mac has paid back the taxpayers $96 billion after being loaned $71 billion in 2008. It's high time to end the Third Amendment Sweep so that Fannie and Freddie can begin rebuilding capital. This would protect the taxpayer, and it's also the law." 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 over 1,400 individual Fannie Mae and Freddie Mac shareholders from all walks of life, committed to the preservation of shareholder rights for all invested in the GSEs.
FHFA Chief Mel Watt Sets the Table for an Eventual Treasury Draw by the GSEs?
By Paul Muolo
pmuolo@imfpubs.com
In the wake of a quarterly loss reported by Freddie Mac, Federal Housing Finance Agency Director Mel Watt Tuesday morning issued a statement cautioning that the thin capital cushion afforded to the GSEs eventually could result in additional taxpayer assistance.
The $475 million 3Q loss suffered by Freddie is the first-ever quarterly loss posted by either Freddie Mac or Fannie Mae under Watt’s tenure. In 2018 – as the regulator notes in his statement – the GSE capital cushion falls to zero as proscribed by the senior preferred stock purchase agreements. Currently, Freddie has a net worth reserve of $1.8 billion.
Watt also explains in his statement that the loss posted by Freddie in 3Q had nothing at all to do with a decline in credit quality, but instead is tied to the vicissitudes of hedging interest rate risk.
In theory, after the capital cushion falls to zero and if either company posts a loss – for any reason, hedging or otherwise – they will need to ask the Treasury Department, which owns their senior preferred stock, for cash assistance to maintain a positive net worth.
There has long been a concern in the market that if either GSE has a negative net worth, that investors will stop buying their mortgage-backed securities, which would cause the home buying process in America to grind to a halt.
A new senator just trying to make a name for himself is all it is...
It's a dead bill...you can count on it...
They can't seem to be doing their own job well, yet they think they can do other people's job better...lol
Looks like they're pushing everything off to the side for CEO pay...they placed a regulator to do his job...let him do his job...quit trying to override his judgement...regardless of what the outcome or consequences may be...keep pushing everything aside and it'll turn out to be another dead bill...
WASHINGTON, Nov. 2, 2015 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced plans to report its third quarter 2015 financial results on Thursday morning, November 5, 2015, before the opening of U.S. financial markets. Fannie Mae will host a conference call for the media to discuss the company's results at 8:00 a.m., Eastern Time, on November 5, 2015. The conference call will be concurrently webcast. The live audio webcast of the earnings release call will be available at https://engage.vevent.com/rt/fanniemaeao110515, and the company's third quarter 2015 earnings press release, quarterly report on Form 10-Q, and other supplemental information will be available on the company's Quarterly & Annual Results webpage at fanniemae.com/financialresults. A transcript of the call also will be made available on the page. WEBCAST DETAILS -- Fannie Mae Q3 2015 Financial Results Please click on the link below to access the Webcast registration page. It is recommended that you test the connection to the Webcast prior to joining the event. URL: https://engage.vevent.com/rt/fanniemaeao110515 Fannie Mae enables people to buy, refinance, or rent homes. Visit us at: http://www.fanniemae.com/progress Follow us on Twitter: http://twitter.com/FannieMae To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fannie-mae-announces-scheduled-release-of-third-quarter-2015-financial-results-300170382.html SOURCE Fannie Mae /Web site: http://www.fanniemae.com (END) Dow Jones Newswires November 02, 2015 13:34 ET (18:34 GMT) Story ID: 20151102SN011358 Keywords: FINANCIAL, PR NEWSWIRE, COMPANY NEWS, MORTGAGE FINANCE, DOW JONES CONTENT SET SN, PRESS RELEASE WIRES, GOVERNMENT AGENCY SECURITIES, GRAND CENTRAL ASSET CLASS EQUITIES, COMPANIES ON THE ECONOMIC REPORT, SIGNIFICANT STORY Symbols: FNMA
It's due to elimination of the otcbb...
Surely you're not saying that the European market is setting an example for the U.S...i. e....Greece Bank...have you noticed the EMFA Project?...so much has been said, yet so little has been heard...it's becoming a "Yada Yada yada"...
Very well done summary in a very very short paragraph...now here's someone who has the historical info correct...The GSE's did what they were designed to do...to save the economy on a drastic downturn...they just need to prepare more cushion in the future just incase of another political deregulation at the spur of the moment (Clinton) and changing the rules of the game causing another bubble...almost like injecting the economy with a virus then claiming that they have a cure (restructuring)...don't do it in the first place...then we won't have a problem...
Actually, it's quite the opposite. Fannie and Freddie had enough capital to support themselves...The problem was they didn't have enough capital (liquidity) to support all the banks dragging them down...subtract all the the money given back to the GSE's through wrongfully selling unqualified loans from what was supported by the government and you'll find that the GSE's flourished with more than sufficient capital...
That WAS from TARP...see how you're so off on your historical info...it was $5.9 billion out of the $80 billion that was available...it's not about what you use the funds for or what timeline you accepted the TARP funds...the question at hand is did they or did they not accept...and the answer is YES they did...$5.9 billion!...call it a different name for the loan...call it what you want...they accepted a loan from the government...
Ford did receive $5.9 billion in government loans in 2009 to retool its manufacturing plants to produce more fuel-efficient cars, and the company lobbied for and benefited from the cash-for-clunkers program
Are you kidding me?
Henceforth, it was a cowardly and act by Paulson to act out of fear when he placed the GSE's into conservatorship...much like bombing a country just because you think they will attack ours when you have no proof if that will happen or not...