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Your tone and candor is rude and condescending... oh and btw your objective is transparent! If you don't like the board and all of us posters who are "unable" to articulate our reasons for investing in FNMA, head on out and swing away!
Cheers!!
Lol... I better get my glass
You are totally right, I agree and I appreciate your perspective! I do need to ignore the negativity on the board, thanks for the reminder! Have a great night Trunkmonk!
There are some really great people who monitor and post on this board! We just need them to drown out the rest... but understandably, so many people don't want the confrontation. Anyway, welcome to the board - hopefully it will get better! FNMA use to be amazing board... recently we have attracted all the shorts and FnF preferreds that are trying to convert/argue/take out their life frustrations on anonymous people... who knows, why they do what they do... GLTY!
What in the heck is it with Boys and Keyboards??? Do you honestly think that is my investment thesis??? Lol! This board is going downhill.... So many condescending arrogant people, constantly posting and trying to put people in "their" perceived places! U just sound like jerks... you and several others! Grow up, get real lives (out side of message boards) and honestly, learn how to treat people....
My post was not my thesis nor my bases for investing in FNMA commons and GUESS WHAT??? No, I don't need you to tell me how to invest or what to invest in....
Can you rude people just leave the freaking board! Move on and out! Go to FNMAS - PLEASE!
He is a very strong businessman - timing is everything. Is it his first priority, no. But I guarantee he and Mnuchin have discussed FnF and Mnuchin and Watt have discussed FnF.... those links mean good news for us shareholders.
Treatment of the daughter, to a father, is absolutely more important... I feel like any parent would understand this... not that it is right.. but logical.
He has never said anything negative either... and his people, under his charge have indicated that we are up for some good times!
Domestic and International Policy Update
May 18, 2017 10:00 AM
538 Dirksen Senate Office Building
THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled, “Domestic and International Policy Update.” The witness will be: The Honorable Steven T. Mnuchin, Secretary, United States Department of the Treasury.
All hearings are webcasted live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.
Witness Panel 1
The Honorable Steven T. Mnuchin
Secretary
United States Department of Treasury
Everything lately seems to viewed as "neutral" until we have meaningful actions. We are fragile, in that, if he says something "negative" we drop, positive we hold strong... it is when he acts, that we will take off! I am guessing he reinforces Watt too, but I am hopeful he will start unveil pieces of the plan or lay out a foundation for why a storing recap/release plan is needed (may be too ambitious of a thought!).
I think he will do us a few small favors, nothing huge yet... we have all watched Watt too many times cower to the likes of Corker - he had to have his "spine" reinforced by Mnuchin and his team. There has been too many things coming out lately for him to be considering a flip.
What? Sorry, why would you ask this... I may be missing something?
That is worse.... It is actually unbelievable that we live in a country with such blatant legal ethics issues!
That is crazy!!! I had no idea! A good reason, I guess, to be in politics if you can stomach your fellow "co-workers".
Don't do it!!! If you don't like commons don't buy them... again we don't need you for liquidity. Move on to your fnmas site and have fun!
Insider trading as a congressman isn't illegal? Really??? I had no idea and would have thought it absolutely was....
Lol!!! Very true
Absolutely... corrupt or bad leaders can be used (and have been) to accomplish good in the world. He personally understands more than most - not a favorite pick.... but doesn't mean despair yet... let's see what he says. Unfortunately, we have to give him a chance.
Good for you - we are all idiots then...lol! Whatever TCJ - I am guessing based on your post that people feel as though ur a butt and not worth their time. Arrogance is ugly Bro! Ugly!
Your response confused me a bit, sorry, I am probably being too literal.... "They do, where, the Goldman controlled administration?"
If you mean agree wth us... I was referring to many longs on this board (seems as though many don't post often any longer, maybe because of the out of control shorts and preferred). As for the Goldman controlled administration... this may be an instance where our desires align nicely with theirs... the crooked Senators shorting and profiting from fake controlled news... no, they are not friendlies, but they are (as are some enemy journalists of ours) being exposed for the unethical self serving hypocrites that they are!
I have always had a theory about Narcissism - if your desired narrative aligns with the super ego of a narcissist... well things will probably work out well for you! In this case - some of our "Goldman-Friendly-Government buddies" disapproval of the Obama administration may just serve us well and in the end may drive exposure of the greater goal of honesty, integrity and ethical behavior as it should have related to FnF! It is a twisted way of arriving at the result we desire... but as long as we get there and we are not unethical ourselves, we are good...
I agree with you Whip! The events leading up to GSE conservatorship are insane! I have floated my conspiracy theories a few times, years ago! Most here, back then, agreed. If you really research the crap leading up to the "crisis" it was all timing and the biggest moves happened under Clinton, Bush was a pawn, and then eventually BO the beneficiary! Even Warren Buffet was involved.. all big banks, government etc... your amongst many like minded (not crazy) realists who rightfully so question everything and seek honest answers and "justice"... although we may never see full justice, just some honest moves would be great... they seem to be starting to happen! Yay!
Your points are baseless... it would be like me arguing with someone who owns Bonds vs Preferred Shares - who cares what someone else holds! I don't feel like I "need" to justify my holdings and I am sure others don't as well.... I will give an overview of my opinion - for what it is worth...
GSE, while under conservatorship, are are crazy unique... at best! The class of share one holds, imo, is a personal decision based on risk assessment and how an investor sees the scenario playing out. Commons stand to have higher eventual gains, and (hopefully) voting rights (depending on number of shares owned - this counts!).... With the current government control and the outstanding warrants, we are all gambling, to one extent or another! I personally don't feel bankruptcy will happen... and if it did, your not guaranteed anything either... better chance.. maybe, but who knows!!! No one is getting dividends at the moment... as for future numbers - it is all guess work! We don't know the value and FnF at the time of release, (they keep selling off pieces of the business, interest rates are changing and the new tax implications will all affect our value) we do not know how courts will rule, if warrants with be exercised etc...too many unknowns which is WHY our share price is so cheap! I love my position and feel great about my investment - hope you do too!
TCJ - "Instead of making any coherent arguments about common shares using math and reality, the rebuttal is please stop posting here....LOL Who the hell invests with this kind of mindset?!?!"
Let me try to answer this question for you... The type of investor who did their DD, feels confident in their decision and an investor who wants an exchange of dialogue around FNMA not FNMAS! Some of us don't appreciate the wasted time with a different class of share debates. I (unlike yourself) don't want to influence you to buy "my class of shares" I don't need you to. We have plenty of liquidity and many sideline investors waiting to jump in when/if substantial news hits. You on the other had want us to covert, shorts want us to freak out and sale... hence your wasting our time I mean this respectfully, of course! We on the other had are not going to waste our time going to your board trying to convert you to commons.... we won't! That says it all GLTY
TCJ - there is a FNMAS board for you to post on... maybe hang there and do ur ego thing!
Passive aggressive shorter.... nice strategy
I appreciate your posts!!!
He said it outright
Hey! Don't call people idiots... that is a reflection of you...not them
He doesn't need to be our friend... if he can allow FnF to build capital it is then on Mnuchin to see that they are released.
Joshua Rosner - Watt Hearing: Watt is 100% correct, law trumps contract between @USTreasury & @@FHFA @BankingGOP @SenateBanking
Welcome! I hope tomorrow is epic!
US Senate - Banking Housing and Urban Affairs
May 2017 - calendar
Date Time Title
5/11/17 10:00 AM The Status of the Housing Finance System After Nine Years of Conservatorship
5/10/17 10:00 AM NSITF: Secondary Sanctions Against Chinese Institutions: Assessing Their Utility for Constraining North Korea
Maybe it is a purposeful leak prior to comments tomorrow morning...? We shall see....
That was good! I agree... we have seen good news in the past only to drop and turn red next day... cautiously hopeful! Have a good night!
#fanniegate BREAKING: Mel Watt to consider halting Fannie, Freddie net worth sweep in senate testimony twitter.com/PatrickMRucker… $FNMA $FMCC #FannieGate - twitter, for those who don't
Lol! Finally in DC :) thank you!
Love this line!!
"Watt, director of the Federal Housing Finance Agency (FHFA), could order Fannie and Freddie to retain future profits as a way to shore up the companies' accounts." Could order... sounds good to me!!!
Thanks for posting the link! I tried to, but lost my signal - driving on east coast between events! Great article
Fannie, Freddie regulator says may have to retain earnings
Reuters
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TOP NEWS
Wed May 10, 2017 | 7:58 PM EDT
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Fannie Mae and Freddie Mac may have to retain billions of dollars in profits rather than turn them over to the U.S. Treasury, the regulator for the companies said on Wednesday as he contemplated how to avoid a fresh taxpayer bailout.
Melvin Watt, the supervisor for Fannie and Freddie, said such a move would be aimed at soothing investor jitters. Markets could be rattled if it seemed the housing finance companies needed more government support, Watt said in congressional testimony obtained by Reuters.
Having Fannie and Freddie tap taxpayers for more financial support "could stifle liquidity in the mortgage-backed securities market and could increase the cost of mortgage credit for borrowers," Watt said in prepared testimony to the Senate Banking Committee.
Fannie and Freddie once were investor-owned companies with a mandate to promote home ownership. But losses grew as the 2008 housing crisis took hold and the Treasury injected taxpayer cash to keep the companies afloat.
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The $188 billion government investment has yielded nearly $266 billion in returns for taxpayers. But the companies are now left with little wealth of their own, Watt said.
By the end of the year "neither enterprise will have the ability to weather any loss it experiences in any quarter without drawing further on taxpayer support," he said.
Watt, director of the Federal Housing Finance Agency (FHFA), could order Fannie and Freddie to retain future profits as a way to shore up the companies' accounts.
"We cannot risk the loss of investor confidence," he said. "FHFA's actions would be taken solely to avoid a draw during conservatorship."
ALSO IN BUSINESS NEWS
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Mnuchin to brief G7 on Trump tax, regulatory plans: official
Treasury Secretary Steve Mnuchin has said Fannie and Freddie cannot be left in their current state for the next four years.
Earlier this week, Boston Fed President Eric Rosengren warned that lawmakers could upend the mortgage market if they were not careful with reform.
Senators are likely to discuss reform plans at Thursday's hearing.
(Reporting By Patrick Rucker; Editing by Bill Trott)
Our standards: The Thomson Reuters Trust Principles.
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Happy days ahead!!! Can't wait...