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What happened at the end with FNMA? Almost choked on my coffee.
Damn, we should sue them for this, literally communicating with each other to manipulate price lol
Wall gone? Wtf...
http://www.otcmarkets.com/stock/FNMA/quote
Had like 5 MMs with 30k each on Ask, then out of nowhere, all flipped. Like they all called each other up or something.
It was only 200 shares, probably some MM rapid fire tricks to see who's there.
Curious how it posted if the 100k+ wall wasn't eaten.
I don't, but that sounds great, especially in light of the meeting with small banks and ICBA a week or two ago. Almost seems like when, not if, at this point.
Huge wall at 2.90, ~145k. Someone's trying to keep price down it seems.
Where can we find total short volume? Also, wouldn't a daily short volume 3x higher, REALLY not say much about activity and sentiment? I don't see that. It's no coincidence that price usually goes up more when short volume is lower. I mean people don't short, even temporarily if they think the price will go up later in the same day.
Are there any rulings or decisions out today?
FNMA and FNMAs had like lowest short volumes ever yesterday.
Can someone update me on court cases? Just woke up and have to start working but I see a lot happening. What happened and is it good?
Right but they succeed and fail on same premises. I am guessing bigger investors more interested in dividends.
Recap and release favour both. I'm not sure what the argument for preferreds over commons is though.
Did Obama's budgets mention FnF or GSEs?
Edit: APPARENTLY YES.
"It is audacious that President Obama’s fiscal 2017 budget proposal released Tuesday counts income from Fannie Mae and Freddie Mac as just another revenue stream – not only for the coming year but for the next ten years."
http://www.valuewalk.com/2016/02/final-obama-budget-banks-on-fannie-mae-freddie-mac-for-years-to-come/
So 10 dollar pps tomorrow morning open on Trumps comments. Get ready. Someone saw question confirmed and bought a few shares.
They rarely do these interviews live. I can't remember Obama ever doing a live interview, I am hoping that it already happened and someone who knows about the connection decided to slap ask. That's just what I hope, it really does sound too good to be true though.
Well I'm staying on the boat until at least 200, so if you're still going to be on, then I will see you there.
What is ask slapping?
Establishment media has an interest in making the legal and law enforcement system appear to be honest. So even partisan media and establishment individuals will refrain from asking about anything that suggests dishonest actions, aka establishment paedophilia, corruption, and robbing FnF to fund Obamacare.
Also note how Republicans criticize Obamacare relentlessly, however they will never use the fact that it literally forces people to buy their corporate buddies' insurance plans while shafting insurance companies that don't line their pockets. That is the most unconstitutional thing about it, the oligarchy that is forced by law, and yet nobody brings it up. Will respect Tucker all the more if he brings this up.
So Tucker will no doubt see it, not sure how much he will know what to ask or knows enough about it to bring it up. There's a lot of stigma to bringing it up to I think.
Imagine him asking Trump "will you keep using stolen FnF funds to pay for Obamacare?" and Trump not knowing what he's talking about just says "No, we won't be using any stolen funds!" and stock explodes even though Trump didn't know what he was talking about, Then NWS happens anyway and it goes down lmao
What's the advantage of that? Why not move it up and down all the time and make money off people buying/selling out of fear?
Can someone explain what some MMs like Cantor & Fitzgerald right now:
BID: 2.74 15,000
ASK: 2.75 26,251
??
Why are they putting a wall on both sides of the price? Are they trying to keep price where it is?
Barely broke half a million volume and its quarter past 12. Doesn't seem like big people are trading now.
$10 close right?
On track for maybe lowest volume day in months.
That's why we had the lowest volume in like a month yesterday with today looking even lower.
What about the impending bailout?
Ah I see, thanks again
On your Jan 1, 2018 post
Where is the mention of 2018 in that linked pdf file?
FFS CAN WE CLEAN UP THE MAIN PAGE!?
There is so much outdated stuff on it from 2013/2014. Even the shortsale data is from 3 years ago.
Just get rid of all news pre-Trump era, and all court cases before 2016.
My problem with being short ever is that you need to be holding for at least a few hours, news could come out and make you broke.
Setting up for a good short squeeze. All MMs have to do is is move the price up a bit.
Yup, it makes zero sense. A conservator by definition should act in a manner that they feel "conserves" the company. They should be held accountable for destructive actions.
If only confidential spokespeople could let us know about the status of the NWS.
Not for those cleaning up its market share.
FnF are critical for small and community banks, ICBA, at the meeting was vocal about ending the NWS on Twitter, not sure if it came up in the meeting, but I wouldn't doubt it. Since an insolvent FnF would be horrible for the small banks.
6 months. Is the time Trump gave Mnuchin and Cohn for deregulation. This was at a meeting with ICBA which repeatedly prompted the treasury for the end of the NWS on Twitter in February.
President Donald Trump took a group of community bankers on an impromptu tour of the Oval Office on Thursday, after a meeting designed to ferret out ideas on boosting small-business lending.
According to meeting participants, the session was scheduled to be held in the Roosevelt Room, but as it ended the president waved the group of about a dozen bankers into the Oval Office itself. There the group posed for pictures in front of the Resolute Desk. The president gave them a tour of the room and pointed out pictures of his family.
One participant called the meeting "freewheeling" and said that Trump pressed his Treasury secretary, Steven Mnuchin, and the head of his National Economic Council, Gary Cohn, to move quickly on deregulation ideas offered by the bankers.
"Can we get this done in six months?" the president asked.
"We'll do our best," he was told.
"I want you to do better than that," Trump said, according to a participant. "I want this done in six months."
The White House team also told the bankers that they are close to making a selection for the community bank seat on the Federal Reserve Board and close to nominating a person to serve as comptroller of the currency.
http://www.cnbc.com/2017/03/09/trump-told-mnuchin-he-wants-deregulation-done-in-six-months-sources-say.html
What a shame. Isn't this how large corporations "win" cases against smaller plaintiffs? Just delay, delay, delay until smaller guys can no longer fund their case?
Is there really no way to fix this? Why can't we just put a timeline on the case, have a session every week or two, maybe it's a short one, maybe it's a long session. Then at the end a verdict has to be made? Sure it has flaws, but imo, decade long trials and tribulations really need to be addressed.
Obit this is somewhat unrelated and very general, but why does the judicial system take so long? I've worked other government jobs where the culture is to do the least you can in the most amount of time. Is it like this in the legal system and/or is everyone just incredibly busy? What can be done to speed this up? Anything the executive branch can do?