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Not so hypothetically speaking
Can you say, without a doubt, that the shares you bought are real shares and they were not sold to you by someone who bought from a naked shorter?
Risky Chick
Please address how you go about unwinding a huge naked short position when, for FNMA example, there are 1.4 billion real shares issued by the company and 10 billion shares held by investors in the market.
Get caught up on the subject of Naked shorting and the insidious time bomb they represent.
Here is probably the best study ever done
http://www.deepcapture.com/
The end of the world as we know it: http://www.deepcapture.com/category/7-the-risk-of-systemic-collapse/
The fact that he was dismissed from the case and
Then reaccused by the Govt today as if he was found guilty is gonna piss off Sweeney again.
His dismissal was as a result of being found not to be a part of the charges by a court. For the Govt to again smear him in court gives him new grounds for a separate suit for libel.
When those accusations are dealt with, the real reason for the objection will surface. That being that the defendants do not want anyone with a working knowledge of the questions at hand to have access to the documents.
Lemme See Here
Henry Paulson. CEO of Goldman Sachs while GS was leading the loading up of Fannie and Freddie with bogus paper. Also was CEO while his firm allowed multiple times the OS of Fannie and Freddie to be naked shorted, by their clients, driving the share prices into the dirt.
Then he gets a new job as Secy of the Treasury and seizes FnF into Conservatorship. Unable to bankrupt them, as a parting shot, he uses the Sweep as the final dagger in the heart.
Now he and his buddies wait patiently until they can buy the trillions of dollars worth of assets for mere fractions of pennies on the dollar.
I wouldn't put it past him to be the one trying to take the warrants off Treasury's hands for a song right now.
That would be the greatest financial coup of all history..
While he does address the redemption rights mentioned in the stock certs
He doesn't realize that the $188 billion was partially used to pay interest to date. That would mean that immediately after the last draw, the interest owed, at that time was ZERO. There is only interest due since the last draw.
He also doesn't realize that a large portion, if not all of the draws were never needed by FNMA in the first place. A large portion of those draws were forced on FNMA when the Treasury refused to allow recognition of the Deferred Tax Assets to be considered as assets. This miraculously changed when the Treasury began sucking the assets out of the company with the sweep. Recognizing the DTA allowed Treasury to sweep more money from the increase in net worth. Sweeney is going to have a field day with that.
Additionally, another large portion of the advances are from the mandatory (Treasury required) purchase of non-performing assets from the too big to fail banks to the tune of $20 billion per month. This started almost immediately after the FHFA took over. That leads me to believe that FNMA was strong enough to weather the storm without Govt interference. I also believe the Govt needed a conduit to use rescuing the TBTF banks. I believe Sweeney is going to have another field day with that.
There were over a hundred updates to SP3
Were you able to get them when you reinstalled the OS last week?
The ability to see the phone might be in one of the updates.
169 thousand share bid
When you don't have a defense, STALL
They are stalling for a year on the argument over weather the plaintiffs can even sue or if they are even in the proper jurisdiction.
By definition, wouldn't anyone on the Plaintiff's team
Be biased against the Govt?
Gee, Why would you think the Govt objects to Tim Howard
Being able to look at the docs?
Could it be that since they have already been able to ban the actual plaintiffs from seeing them, they really don't want anyone with any actual competence in the mortgage markets to see those docs.
Buncha attorneys with no real mortgage experience looking at a veritable mountain of paper is just what they want.
120 thousand at the bid. 200 at the ask.
Thousands upon thousands going off at the ask with no movement.
OTC sux!
Why not pull your head out of the sand instead?
If you had read past the "$60 billion over 10 years savings", you would have seen that they later say that if you use real world accounting the savings drops to a total of $7 billion over ten years.
F&F paid the govt near double than that in sweeps so far this year.....
Seems like a shame to destroy the housing market to save that small amount of $$.
I am seriously considering asking my banks
To issue new cards to me every 3-6 months.
With all of these retailers issuing warnings of breeches, I really don't know for sure my card #'s aren't compromised already.
Fed: Under Obama, only the richest 10 percent saw incomes rise
Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve.
The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats.
“Data from the 2013 [Survey of Consumer Finances] confirm that the shares of income and wealth held by affluent families are at modern historically high levels,” the report said in noting that the median income fell for every 10-percent grouping except the most affluent 10 percent.
“The 2013 SCF reveals substantial disparities in the evolution of income and net worth since the previous time the survey was conducted, in 2010,” the report stated. The SCF is conducted by the Federal reserve triennially and compiles information about family incomes, credit use, net worth and finances.
Read more: http://www.washingtontimes.com/news/2014/sep/4/incomes-fell-most-families-past-three-years-while-/#ixzz3CS4BcEnC
Follow us: @washtimes on Twitter
I don't trust anybody's software.
I don't wear tin foil, but I am anal about security.
I simply do not put anything sensitive on my computer. No wallet, no stored profiles. I also do not have Twitter or Facebook accounts. If I don't really need a program, it doesn't go on my computer.
I am pretty sure nobody is really interested in the moment by moment accounts of my life. If they are, then they should get a life of their own.
I can remember as a child the wonderment of a summer day, a dog, and a stick. Parents said "There is the door. I will see you at lunch and don't be out after dark!" To me, a "smartphone" is one that doesn't ring when I am busy.
Lemme see if I got this right?
30% more polar Ice and over 2000 record cold temps over last winter followed by another 2000 record cold temps this summer is all caused by global warming and we are all gonna die.
That about right?
Already done.
There is a document floating around wherein it states the reason for the sweep is to insure that shareholders not benefit from any profits of the company.
It has been posted here many times.
It is also on the Tim Howard website.
The Unprecedented Failure to Regulate Citigroup Continues
By Pam Martens and Russ Martens
August 27, 2014
Sanford (Sandy) Weill, the Man Who Put the Sprawling Citigroup Behemoth Together and Sat At Its Helm Until 2006
Yesterday, Wall Street’s self-regulator, the Financial Industry Regulatory Authority (FINRA), charged Citigroup with cheating its customers out of fair prices on preferred stock trades — 22,000 times. Citigroup was fined a meager $1.85 million, ordered to pay $638,000 in restitution, allowed to neither deny or admit the charges, and sent on its merry way to loot the next unwary investor.
Why do we believe there will be more charges of malfeasance in Citigroup’s future? Because it is an unrepentant recidivist. Yesterday’s FINRA fine was the 408th fine that FINRA has levied against Citigroup Global Markets or its predecessor, Smith Barney, for trading violations, market manipulations or failure to supervise its traders or brokers.
And that’s just FINRA – the light-handed disciplinarian with industry ties. Citigroup has kept other Federal regulators, including the U.S. Justice Department, very busy as well.
It is now six years since Citigroup’s serial history of rogue conduct rendered it insolvent. Under the law, the U.S. government is not allowed to prop up insolvent banks with taxpayer money. But from 2007 to 2010, in the largest bank bailout in history, over $2.3 trillion was lavished on the serial recidivist Citigroup.
Continued at:
http://wallstreetonparade.com/2014/08/the-unprecedented-failure-to-regulate-citigroup-continues/
Filing Tolled The Statute Of Limitations
Web Of Darkness
Just so you know.
https://twitter.com/Ghostery
Well, I'm Back!
I have to go get deloused but I survived.
Then what you are saying is antisocial and biased against rednecks,
or beavers, or dogs or something.
GET A LIFE!
Didn't make those remarks because he is Asian
I made them because he's an idiot.
THERE'S A DIFFERENCE.
Sweeney actually said
Docs leaked by the plaintiff could not be used in the case.
Dust bunnies???
Read the 12 witness statements
They are quite different from what you are posting. They are all consistent.
Yes, the cop told him to get out of the street.
The kid hit the cop in the face through the window breaking his face.
The cop got out of the car and the kid wrestled with him trying to take away his gun.
The gun went off and the kid ran.
The kid then stopped, turned around and charged the officer.
The cop shot him three times in the arm and then twice in the head and face while he was charging him.
Ever had an orbital fracture? I am a medic and I can tell you that one of the cop's eyes was useless and the other was tearing up in pain. He was nearly defenseless. The kid was not coming back to render aid to or to surrender to the cop. He was going to do the same as he had just done to the store clerk or worse.
I would assume that the kid was stupid enough to get close enough for the cop to get a head shot and end it.
I have to ask, since you normally do not pass judgement before the facts are in, would you have expected the cop to give up his gun to the kid? If he had done so, there would have been a dead cop and a violent felon running around town with a cop's gun.
My T&S shows a trade Yesterday @ 16:03
Of 145,700 shares @ $3.93
It just goes to show ya
That is is always sumthin!
"streamers," for the smoke plume that comes from birds that ignite in midair
Emerging solar plants scorch birds in mid-air
Associated Press By ELLEN KNICKMEYER and JOHN LOCHER
3 hours ago
IVANPAH DRY LAKE, Calif. (AP) — Workers at a state-of-the-art solar plant in the Mojave Desert have a name for birds that fly through the plant's concentrated sun rays — "streamers," for the smoke plume that comes from birds that ignite in midair
Federal wildlife investigators who visited the BrightSource Energy plant last year and watched as birds burned and fell, reporting an average of one "streamer" every two minutes, are urging California officials to halt the operator's application to build a still-bigger version.
The investigators want the halt until the full extent of the deaths can be assessed. Estimates per year now range from a low of about a thousand by BrightSource to 28,000 by an expert for the Center for Biological Diversity environmental group.
The deaths are "alarming. It's hard to say whether that's the location or the technology," said Garry George, renewable-energy director for the California chapter of the Audubon Society. "There needs to be some caution."
The bird kills mark the latest instance in which the quest for clean energy sometimes has inadvertent environmental harm. Solar farms have been criticized for their impacts on desert tortoises, and wind farms have killed birds, including numerous raptors.
"We take this issue very seriously," said Jeff Holland, a spokesman for NRG Solar of Carlsbad, California, the second of the three companies behind the plant. The third, Google, deferred comment to its partners.
The $2.2 billion plant, which launched in February, is at Ivanpah Dry Lake near the California-Nevada border. The operator says it is the world's biggest plant to employ so-called power towers.
More than 300,000 mirrors, each the size of a garage door, reflect solar rays onto three boiler towers each looming up to 40 stories high. The water inside is heated to produce steam, which turns turbines that generate enough electricity for 140,000 homes.
Sun rays sent up by the field of mirrors are bright enough to dazzle pilots flying in and out of Las Vegas and Los Angeles.
View galleryThis October 2013 photo provided by the U.S. Fish and …
This October 2013 photo provided by the U.S. Fish and Wildlife Service shows a burned Yellow-rumped …
Federal wildlife officials said Ivanpah might act as a "mega-trap" for wildlife, with the bright light of the plant attracting insects, which in turn attract insect-eating birds that fly to their death in the intensely focused light rays.
Federal and state biologists call the number of deaths significant, based on sightings of birds getting singed and falling, and on retrieval of carcasses with feathers charred too severely for flight.
Ivanpah officials dispute the source of the so-called streamers, saying at least some of the puffs of smoke mark insects and bits of airborne trash being ignited by the solar rays.
Wildlife officials who witnessed the phenomena say many of the clouds of smoke were too big to come from anything but a bird, and they add that they saw "birds entering the solar flux and igniting, consequently become a streamer."
U.S. Fish and Wildlife officials say they want a death toll for a full year of operation.
Given the apparent scale of bird deaths at Ivanpah, authorities should thoroughly track bird kills there for a year, including during annual migratory seasons, before granting any more permits for that kind of solar technology, said George, of the Audubon Society.
The toll on birds has been surprising, said Robert Weisenmiller, chairman of the California Energy Commission. "We didn't see a lot of impact" on birds at the first, smaller power towers in the U.S. and Europe, Weisenmiller said.
The commission is now considering the application from Oakland-based BrightSource to build a mirror field and a 75-story power tower that would reach above the sand dunes and creek washes between Joshua Tree National Park and the California-Arizona border.
The proposed plant is on a flight path for birds between the Colorado River and California's largest lake, the Salton Sea — an area, experts say, is richer in avian life than the Ivanpah plant, with protected golden eagles and peregrine falcons and more than 100 other species of birds recorded there.
U.S. Fish and Wildlife Service officials warned California this month that the power-tower style of solar technology holds "the highest lethality potential" of the many solar projects burgeoning in the deserts of California.
The commission's staff estimates the proposed new tower would be almost four times as dangerous to birds as the Ivanpah plant. The agency is expected to decide this autumn on the proposal.
While biologists say there is no known feasible way to curb the number of birds killed, the companies behind the projects say they are hoping to find one — studying whether lights, sounds or some other technology would scare them away, said Joseph Desmond, senior vice president at BrightSource Energy.
BrightSource also is offering $1.8 million in compensation for anticipated bird deaths at Palen, Desmond said.
The company is proposing the money for programs such as those to spay and neuter domestic cats, which a government study found kill over 1.4 billion birds a year. Opponents say that would do nothing to help the desert birds at the proposed site.
Power-tower proponents are fighting to keep the deaths from forcing a pause in the building of new plants when they see the technology on the verge of becoming more affordable and accessible, said Thomas Conroy, a renewable-energy expert.
When it comes to powering the country's grids, "diversity of technology ... is critical," Conroy said. "Nobody should be arguing let's be all coal, all solar," all wind, or all nuclear. "And every one of those technologies has a long list of pros and cons."
There will never be a receivership
This stock is as dead as any definition of the word dead can describe.
The shares are bogus. There is no (and never will be) registrant for this scam.
The attorneys who setup this illegal hijack have both been disbarred, both convicted of their crimes, and both gone to prison for their involvement.
There is and never will be an officer of the corporation, a business, an address or anything but the dead remains here on Ihub.
Folks, don't think this stock can be resurrected. It won't be since it never existed in the first place.
Why? Was there a problem with what I said?
I wasn't looking for a fight. I was going to post that institutional info anyway and your post made a great comparison to the tiny amount of institutional selling.
Volume looks to be just under Wednesday's
Over 5 MM already. Most likely the majority is shorts. Maybe as much as 70% based on the way Time & Sales has been looking all day.
591 X 1 and 150K in buys go through at the ask without an increase in PPS and the ask stays at 1.
Gee
I don't know. If you are telling the truth about your holdings then you may be interested in the following:
In the first 1/2 of this year, 6 new institutions came on board as stockholders in addition to Fairholme which began to accumulate last year.
3 institutions sold out their interests. Added together, those 3 institutions owned and sold out fewer than 1/2 of the shares that you own today.
http://www.nasdaq.com/symbol/fnma/institutional-holdings
Gee and it has taken only about 13 million shares shorted
this week to pull off a 2% drop in PPS.
You folks got a long way to go.
Hope you got deep pockets cause you're gonna need them.