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Berkowitz is supposed to be some genius, yet his fund has 71% tied up in some Florida real estate group...St. Joe? Does anyone know why?
I agree with you. This is what makes it even more disturbing. She was appointed to do a job, use her experience, education and knowledge to provide her own interpretation of the law...not wait and see what others think. Judge Sweeney, I’m not asking for you to do something out of line...just do your job, provide your decision. If not, retire and get out of the way ,so someone else can
Signed,
Livid
She’s worthless! How in the world is she on the names mentioned for the Supreme Court...Pathetic!
What happened to Sweeney, did she die? This is ridiculous.
Money laundering 101... but it’s not even that sophisticated.
Everyone , well east of the Mississippi.
Sorry I’ve got 3 children and 7 grandchildren.dilution is too high already.
I’ll leave my shares to my grandchildren.
One of the bullet points in pres Trumps letter on GSE reform is to preserve the 30 year mortgage!
I believe it was Berkowitz who offered to buy them,it was several years ago.He was turned down. I believe he offered around $50B. It was him and a group of financiers. Can the govt even sell the GSEs? If they can what happens to the current shareholders? Would they be compensated, and do they have a vote on this.?
This to me seems important...
The Presidential memorandum aims to preserve the 30-year fixed-rate mortgage.
Remember Corker and his cronies want to end the 30 year mortgage, because the big banks do not want to tie up money at a low fixed rate for 30 years, the banks want shorter term loans , less risk.
President to preserve 30 year fixed rate mortgages assures some form of GSE ORGANIZATION. Fannie and Freddie are already in place, and will be the easiest way forward....YAYYY!!
Excellent response,very well written.Thank you.
Do you know ., if this decision supports us, and the govt chooses to appeal, is the next step SCOTUS, or is there a court in between?
What I’m trying to understand is, if en banc is favorable to us, and SCOTUS is last step. SCOTUS could decide to not hear it and we’re done..... bring out the champagne and hello Vegas,..correct !
Obiterdictum,..(spelling could be wrong), are you still around? Has anyone heard from him?
I am looking for some understanding in the en banc hearing. If you’re still available for opinion, I’d appreciate yours, I’ve always felt comfortable with your analysis.
The question is,.. what is in play from the en banc judges ruling? Will they or can they rule NWS illegal? if they end it, can they force Treasury to pay back the money received over the $187b..? seems to be anywhere from $20 to $60b? If so can govt appeal an en banc decision, if so, what is next higher court. Is it the Supreme Court. If it is, can’t the Supreme Court choose not to hear it and therefore en banc decision has to be obliged....
Or is en banc ruling on constitutional issues such as whether FHFA is a legal dept of U.S. govt. Or is en banc ruling on legalities of other points in HERA. I am confused!
If Obit is unavailable, is there anyone on this board That has knowledge and background to what can be expected.
Article doesn’t even mention at least 3 major lawsuits pending in the near future,one(en banc) could/should have a major impact on recap and NWS. Odd,they didn’t bring them up.
I agree with you 100%. Why don’t the plaintiff lawyers force the release of these docs.
Trump may be waiting to to use them for political advantage, I.e. the perfect timing for release.
But, plaintiff lawyers, I’m baffled why they are not pursuing the release.
What will tomorrow’s close be?
Please, I am not taking a side,one way or another, but can you provide transcript for FNMA conference call.
Catbird claims the cfo of fnma said this. You posted the fmcc call
Just trying to get apples to apples.
Thx
Thanks Navy, this is the letter I was looking for.
Correct, thanks navy,this is the letter I was asking about last night. Otting only states his role as acting director..Does not offer what he is planning and that he is willing to hear their thoughts. GREAT JOB Mr.Otting.
He responds to the letter to placate Waters, but offers nothing. And yes, quite politically correct. I love it, he shows he will not be bullied Ms.Waters.
I think I like this guy!
I’m not saying whether MarketWatch is valid or invalid. I’m just trying to get a copy of the actual letter from Otting to Waters/Brown. The article from MarketWatch mentions they have seen the letter, and offered their interpretation of said letter, but as of yet I have not seen the actual letter, which ,may,or may not, provide some insight.
Not trying to be confrontational...
Can anyone provide the actual letter from Otting to Waters?.
Thank you, This is an article/opinion about the letter. The letter does not appear to be attached.
Has anyone seen the actual letter? If so, can you post for us. The verbiage in the letter could solve many of the debates being contested on this board.
Thanks
Have we seen a copy of the actual letter to Maxine?
I’ve been away from my computer today. So if it’s already been posted , can someone re-post?
Danke shen,
So it’s mainly company policies, not sec or govt regulation.
Thanks, good to know.
I’m puzzled why trump doesn’t release the other 11,000 docs. If they include damaging evidence against Obama admin,why won’t trump remove the exec priv on them. I would think Trump would love to throw Obama under the bus!
Two thoughts enter my mind. 1. There isn’t incriminating evidence in them....to be clear I do feel there is damaging stuff in them.
2. Is he holding them close to his vest until just prior to next election, I kinda feel like this is the case. But, that’s 16-20 months away...sucks
I’ve read that hedge funds and other brokerage are limited in their trading on OTC.Also,that $4, is a magical number where firms can start trading. Yet , I see some large institutions do trade this stock. Can anyone provide insight to what the rules are for trading this stock on OTC. ...are they rules from SEC or some other regulatory group,or is it self imposed by the funds/brokerages,etc.
TIA for some insight.
Is Otting obligated to respond to Waters, legally or otherwise?
Thanks
Is this chart predicting a nickel drop tomorrow?
I think you’re right.Govt will review en banc case,and based on what way they think it played out , will then decide to settle or not.
I’m with you..Don’t know what this means to common shareholders. Can anyone explain why FHFA took this position and what it means to shareholders
Obitdictum(sic). Any thoughts? Have not heard from you in a while...
Moderators, please sticky this. I’m sure we’ll want to refer back to it later.
Thx
Thank you
Thank you, very. Informative.
Do you know what the en banc coming on 1/23 covers? NWS,? constitutionality of FHFA?... HERA? Or any other aspect.
And what is the normal time to get a decision, a week,a month,several months..?
Can anyone comment on en banc hearing? What does it cover, how long will it take.
I’ve been away from internet for awhile. Can someone summarize for me? What is the en banc hearing deciding.....is FHFA constitutional?....is NWS illegal?.....is conservatorship illegal?...or is it about other items.
Is it just a one day hearing? Or can it be several days,weeks,???? Finally ,any ball park on timeline for a decision..I.e.e. Normally en banc, is decided and recorded in a week,month or more.. I know the timing is something hard to pin down,but what are people expecting. Weeks or ,months.
Thanks for any thoughts,
Well,...looks like it’s about time for govt to file for another delay.
Agreed, I’m a holder since 2013,I want the NWS to end, but we won’t know for sure until wed.1/2/2019 at 4:00 p.m. et. Unless someone knows someone at Treasury that can tell us what happened today...
Agreed, just wish I knew if it happened today,....or not. Would be a great new year gift
As you can tell I’m just impatient. There are people who know,if it happened today,..or not.