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One of BO's buttboys was on CNBC just now taking credit for reductions in the deficit. Failed to mention that it was from us.
Hopefully whistleblowers have already stepped up and provided our folks with documents to match up with what is provided by government.
Ton of money is being made daytrading, plus many people on this board talk about core and fluff shares for going in and out. Certainly there is a risk of being left at the station when the train pulls out, but I have a lot of friends who have made huge gains by daytrading this stock. Not recommending doing that, just answering your question.
red
Gov bought a ton more time by appearing to be cooperating by dumping 100s of thousands of pages on the Plaintiffs. Not real, but perceived. Like I said, be patient. Long summer.
Looks like a long slow summer. Be patient. I have been in a number of major complex litigations and they give you everything, including the kitchen sink, to look diligent. May not be in much in this first massive document. Their purpose today was to make the judge and public believe they are making a huge effort to comply, and showing the judge how massive the requests were, like they complained about in their objection. Like I said, Be Patient. Long road ahead.
Detearing, wish you would hurry up and get this thing released from C. Just got a notice from Southwest Airlines of a 72 hour sale with tickets from Little Rock to Vegas, nonstop, at $129 each way. Now I know the replies I will get will tell me I won't have to look for bargains once they are released because I will have soooooo much money.
And Navy, those ridiculous fees and expenses are holding down earnings. We are paying for all such fees as stockholders.
Always Wondering, wouldn't you love to know how much the government lawyers charged for the worthless 58 pages? You would be shocked.
Can someone tell me what FNMFO is???
Golf at Wynn will be high but I will play with you. I gulped and paid to play Shadow Creek and Cascata. I guess if we are at the Wynn toast green fees shouldn't be a problem to splurge for that occasion.
You can tell it is about to pass the committee easy from the comments so far. Done deal. Now we will see what happens going forward.
Santelli just ripped Watt's comments on CNBC, asking if we were headed for Subprime 2. Also questioned when we would get meaningful needed reform.
Santelli just ripped Watt's comments on CNBC, asking if we were headed for Subprime 2. Also questioned when we would get meaningful reform.
Santelli just ripped Watt's comments on CNBC, asking if we were headed for Subprime 2. Also questioned when we would get meaningful needed reform.
CNBC on Watt NEXT.
Bloomberg was a one-sided look by a Mortgage Banker official who supports JC. I wish one media person would simply ask these folks, "what happens to the stockholders of Fannie and Freddie", and "why is 100% of the profits being swept, which prevents a proper capitalization of F&F". Especially after the gov has been paid in full.
Not, It is the text of a "proposed" order written by plaintiff's counsel, not the judge. You propose an order the way you would "like" the judge to rule. I prepare them all the time. You can say anything in it. Let's not get ahead of ourselves.
Sorry for typos Blanka.
Blanks, thanks for your complete and thorough response. I am an attorney. This must have been really frustrating. I agree that the attack must be focused but the unlawful taking is key. I had one of my partners watch the presentation. What I immediately learned was that we are probably too close to the situation and assume a higher level of understanding on the part of our audience than exists. My partner is smart and I have told him about my investment in the stock and the unlawful taking. He does not own any. His reactions were interesting. When the group went up and one of the ladies held up her sign "Third Amendment is UnAmerican". He said you guys aren't going to get very far. He thought the reference was to the U S Constitution. As he said, it is a little late to start complaining about the Third Amendment to the Constitution. I explained it in detail AFTER the presentation. He said, I bet you would be surprised at how many people think this is some kind of fringe group arguing against one of the amendments to our constitution. My point is that we have to keep it simple and not assume the listener knows everything. Sounded like press was more interested in your funding and who paid for flights, rooms and meals. May have been plant questions.
Thanks for everyone's efforts. Stay strong.
I watched the presentation and thought everyone did a good job with the little time available. Disturbs me a little about your comments about the congressmen not knowing much about the situation and assuming that F&F caused the housing crisis. In the one on ones were you able to explain all the large settlements indicating how the large banks had defrauded F$F, not the other way around?
The Bove $18 a share comment is from weeks ago. A little misleading to imply it was repeated again this morning. It was not. Sure he still believes that, but it is old news already in the price.
What are the five days for calculation for April distribution?
Don't need shares to borrow if you are naked shorting. May slow them down but putting sell orders in way above the market won't stop all the shorting
OT Detearing
Can't PM you but I am still holding. Have tried to call in the past and left messages and got no return call, so this is the only way I can communicate with you. Keep me on the list.
Someone is either stupid or playing a hoax on the board. Again, it is a precedent-a proposed order the Plaintiffs would like the judge to use if so inclined. I have drafted hundreds of these. The reason it carried a file mark is because it was filed by plaintiffs with their Friday submission. I am bullish on fnma, but this is outrageous and those purporting this to be an order from Judge Sweeney are no friends of this board or the stock. They want it to run up tomorrow on false hopes and then crash when the hoax is exposed. Real real common for lawyers to submit these to judge, whether requested to do so or not.
This is called a " precedent" submitted by a party in hopes that the Judge will accept some or all of it. As such, it would contain language contained in real orders, and the order in the case being discussed, when and if the Judge renders an order. So, it would contain " It is ordered.... " language. I think someone is playing a joke on the board. I am an attorney. This is extremely normal and usually requested by the judge and/or offered by a party. Real common
Fannie Freddie has really narrowed from the 20+ cents earlier today.
JML, for 2014 tax purposes, assuming for purposes of this question that you sell some of your AAL, how are you valuing your basis against the sale price, including the small distribution in December, as well as the regular 4. Thx in advance.
Notice how the spread between Fannie and Freddie has really widened? They were at par a few days ago, and Freddie may have even surpassed Fannie a day or two. What's up with that?
Played Shadow Creek in Vegas today! Beautiful, but expensive. Could have bought over another hundred shares of FNMA. Oh well, it was Aal and Fnma that allowed me to play there in the first place. Sure didn't like how it traded Friday. Hoping for a good week beginning tomorrow.
Playing Shadow Creek in the morning. Everyone remember to move clocks forward. I did so a few hours ago to make sure I didn't miss my tee time. Go AAL!
Out! Made a bundle and am very happy. Good luck to everyone. Hope it keeps running for the rest of you.
Ignore button was made for folks like Angel. Really simplified my browsing
re: stockprofitter. If he doesn't come back it will be worth him not paying the bet. He was a pumper and a cheerleader which didn't do any good for the rest of us who are holding and believing in this stock. Never really added anything. My bet is that 1) he doesn't pay the bet, and 2) he comes back under another name.
I agree with you. Wasn't knocking daytraders or their merit. Just thought that them going home overnight would cause a drop near the close, getting out with a profit. I was wrong.
Wild end of day. I figured the daytraders might cause it to go down at end of day. Boy was I wrong. Thank goodness I didn't get out.
Be sure and post if Stockprofitter pays his bet.
In Vegas I need to be one of the first 25 there. $300 wont last long.
Lumpina, take him up on both bets, the 5 days and the 14 days. Neither are going to happen in that time frame, and I am long FNMA. Just not going to happen that big in that time frame. If you have watched Stockprofitter's posts they are more cheerleading posts of the pump variety, not substance, just hoping. Take Both bets.