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Thanks for the heads up, will check it out.
$$TVIX
i'v been shorting it for a few years now
$$TVIX
TVIX will more than likely R/S before we see any significant move to the upside IMO. lot of momentum behind Trump going into the first Q of 2017. In less than 2 months TVIX has dropped 14 bucks, only end in sight is a R/S. Short has been the play, and will always be the play. I don't even try to buy into the 3/4/5 day pops any more. i just wait for the MACD to cross and go short...
$$TVIX
I like the way this trades, very orderly
$$FMCC
IMO we will see 20 sooner than that. Mnuchin stops the NWS and allows F&F to build capital... 20 in days...
$$F&F
Easy flipper (as in the mammal)... LOL
Been loading up on the fred myself
Shhhhh....
not done loading yet
$$FMCC
A THIEF !!!!!
thief
[THef]
NOUN
a person who steals another person's property, especially by stealth and without using force or violence.
synonyms: robber · burglar · housebreaker · cat burglar · rustler · [more]
https://en.wikipedia.org/wiki/Thief_(series)
$$FNMA
i'm surprised we are not at 5 bucks by now. F&F investors still see a long time line for recap/release. Maybe it's the wait for Mnuchin to be confirmed by the Senate and it is likely his past business dealings — especially the IndyMac dealings
http://www.globest.com/sites/erikamorphy/2016/12/01/treasury-secretary-designate-mnunchin-hopes-to-end-gse-conservatorship-soon/?slreturn=20161128133149#!
$$FNMA
The damage is done my friend, i'm in the heavy machine tool business. Korea (china) now control's the market for machine tool..
$$FNMA
Paulson wanted a bad bank to shield all his GS investment buddies, whats your question?
$$FNMA
Icahn will play the role of filter for TRUMP IMO on Reform. Mnuchin, Mulvaney, Ross, & Carson will have the plan developed outside of the beltway pre-inauguration, less noise. GSE reform complete by spring...!!!
$$FNMA
Karen got dibs the freddie...
$$FNMA
You are delusional in the idea of maintaining the status quoe. The swamp is being drained threw cabinet appointments not associated with career politicians. The last decade plus ++ has been filled with career politicians ~ and what have they done for the real hard working american..
Gave it away in regulations and bloated government ( K street ). The great think tanks of america that legislatures rely on for impartial non partisan data(because most are LAZY IN EPT F&CK UPS ) have been corrupted. Brookings is a joke, along with American Enterprise institute. AND every other think tank funded by a Koch or self-serving entity who sole purpose is to sway the D.C. flock IMHO. Not hard to do if you got the money. The wolves are at the gates...
lets see what TRUMP can do ....
lets see if the private sector can Right the Ship
Average tax paying us citizen owes $7,774 in interest alone on the National Debt of 20 trillion
https://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement
http://www.usdebtclock.org/
$$FNMA
looks good to me...
“Unlike earlier housing finance reform proposals, the Mulvaney bill does not phase out Fannie or Freddie,” wrote The Wall Street Journal in May. “Rather, it requires both companies to retain earnings to build capital until their capitalization reaches 5 percent of assets. They would be released from conservatorship when capital reaches 2.5 percent of assets.”
Not only would this reverse the existing government policy, which annually reduces the capital cushions received by each company until hitting zero in 2018, but it also cancels the requirement that the companies pay a dividend to the treasury department every fiscal quarter. The government’s shares (which the bill would cancel) have a liquidation preference of $187 billion (appropriately), but last year the GSEs only paid dividends amounting to $15.8 billion to the treasury department. Since 2012 a change to the bailout agreements required companies to pay nearly all of their profits to the treasury department, and Mulvaney’s bill would effectively nullify this as well.
$$FNMA
Great post mrfidlsticks,GSE Reform And A Conspiracy of Silence
By David Fiderer
just shows how a small group can be swayed with some green backs and then have the ability to sway washington like a flock of Geese Wallison, Calomiris, Pinto and Pollock all got paid by the American Enterprise Institute. And that Wallison and Jaffee were paid by a Koch Brothers think tank, the Mercatus Center. The American Enterprise Institute also receives funding from the Koch brothers. Vern McKinley had also completed work for AEI and the Koch Brothers’ Cato Institute.
and then add legitimacy to the big Lie using the Brookings institute as a platform . Even the Staffers of the FCIC could not break threw to the truth when they repeatedly questioned Pinto "They kept asking him one simple question: How do you reconcile your risk categories with loan performance? How can you assess risk if you ignore data on delinquency, foreclosures and loss severity? Pinto had no answer. He had no answer then; he has no answer today. Instead, he offered up a series of tangents and non-sequiturs, lengthy studies filled with half-lies and distortions, all used to distract away from the one essential question that defines capitalism: Which loans pay back and which ones don’t The chasm between Pinto’s predictions and actual results spoke for itself. FCIC staffers—who carefully reviewed all of Pinto's submissions and met with him nine times—failed to see how his work could offer useful insights"
hard to believe all this is still relatively unknown or ignored.
All should read and understand
great work as always David Fiderer
https://www.scribd.com/document/334826631/GSE-Reform-and-a-Conspiracy-of-Silence-Draft-1-4
$$FNMA
Another reason why the FHFA is a waste of time and tax payer money. One year wasted to mandate that F&F "consider " opening the credit box for the " under served ". Pathetic
$FNMA
"For an hypothetical example, the President of the US through the Secretary of Treasury can amend or cancel the Treasury's stated conditions"
So why does Obamma and lew continue with the stone wall defense, why not settle now. The incoming administration has telegraphed their intentions. Apparently their are some questionable decisions made regarding the PSPA that could be mud raked by the incoming administration in Sweeneys court??
$$FNMA
" We look forward to our ongoing work with Fannie Mae as they implement the important provisions of Duty to Serve.”
F&F are here to stay. 30 year fixed would not exist without them. Average Joe does not understand this, and that is a major PR problem IMO
$$FNMA
What about merging FHFA into Hud. Hud is cabinet level. seems logical if the goal is to cut bureaucratic fat.
$$FNMA
That's what i'm talking about... how many regulator does it take to screw up the housing market ??? This is how Obummer boosted employment, just create another agency and fill it with regulators and hole punchers
In fact, the decline of the jobs in goods producing sectors of the economy--construction, manufacturing, mining and agriculture--has largely been met with an increase in jobs on the government payroll. We've gone from providing jobs in profit-making private industry to providing jobs in profit-eating government work. Toward the end of 2007, the total number of government jobs exceeded the total number of goods producing jobs. Welcome to the government payroll economy.
See graph...
This is absolutely Pathetic !!!!
http://www.businessinsider.com/chart-of-the-day-goods-producing-wrokers-vs-government-payroll-2010-1
$$FNMA
LMAO !!!
$$FNMA
Glen S. Corso , Executive Director of the Community Mortgage Lenders of America,
“Since 2012, we’ve been advocating for the G.S.E.s to be reformed, recapitalized and then released from conservatorship,” Mr. Corso said. “We’re hopeful that is the direction the Trump administration will head in.”
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126966177
$$FNMA
Ready for CANN to make a move...
$$CANN
see any news? CXW pushing up hard
$$CXW
LOL Bass exited his position in 2012, he missed the boat
"We'll see about that Chris - we'll just see about that."
Agree... and i got money on it !!!
$$FNMA
Whalen is an idiot. He obviously has no clue to what is going on in the legal front. same tag line ~ tax payers are owed, gov. rescued F&F ~ Like to see Sweeney release more documents. We need more light shed on this theft of private property...And morons like Whalen put in their place...
Drain the swamp Judge Sweeney !!!
$$FNMA
Very big move for CANN IMHO
Duncan Levin ?@AntiFraudMan Nov 22
Duncan Levin Retweeted General Cannabis
$CANN provides services and products to sectors of the regulated cannabis industry. Honored to join the board of such a terrific company.Duncan Levin added,
General Cannabis @MedMarijuanaBiz
Incredibly proud that we've gained a new board member! $CANN http://www.otcmarkets.com/stock/CANN/news/Noted-Attorney-Duncan-Levin-Joins-General-Cannabis-Board-of-Directors?id=145528&b=y …
$$CANN
Josh defending F&F
http://finance.yahoo.com/video/could-gop-away-fannie-mae-180129986.html
$$FNMA
Duncan Levin, Serious fire power on the CANN team. Impressive ...
"General Cannabis is poised to be the unparalleled industry leader, and I'm delighted to join the board during this period of dynamic growth," said Levin. "The Cannabis industry is one of the fastest growing sectors in the country's economy, and General Cannabis is well positioned to be the leader in all aspects of providing the widest possible range of support services ranging from real estate and grow facilities to security and financing."
http://finance.yahoo.com/news/noted-attorney-duncan-levin-joins-163500536.html
Managing Partner, Tucker Levin PLLC
New York, New York Law Practice
Current
Tucker Levin, PLLC (formerly T&M Advisory Solutions, LLC)
Previous
New York County District Attorney's Office,
United States Attorney's Office for the Eastern District of New York,
United States District Court, Eastern District of New York
Education
Yale Law School
500+
connections
Send Duncan InMail
More options
https://www.linkedin.com/in/duncanlevin
?Contact Info
Background
?Education
Yale Law School
Yale Law School
J.D.
1999 – 2002
Activities and Societies: Senior Editor, Yale Journal on Regulation; President, Community Legal Radio (WYBC-FM)
Yale University
Yale University
B.A., Psychology
1993 – 1997
Activities and Societies: Phi Beta Kappa, Magna Cum Laude, Psi Chi National Honor Society in Psychology, Yale Daily News Executive Editor
?Summary
Duncan Levin specializes in anti-money laundering and OFAC sanctions risk and enforcement, regulatory and SEC inquiries, as well as asset forfeiture and anti-fraud investigations, stemming from his career in prosecution at the United States Department of Justice and Manhattan District Attorney's Office.
?Experience
Managing Partner
Tucker Levin, PLLC (formerly T&M Advisory Solutions, LLC)
2014 – Present (2 years)|New York, New York
Consulting with financial institutions, hedge funds, and private equity firms, among others, on AML and sanctions compliance, including drafting policies and procedures, building out compliance programs, and responding to regulatory inquiries, including investigations by U.S. Securities and Exchange Commission (“S.E.C.”). Practice also focuses on anti-money laundering and Bank Secrecy Act (“BSA”) issues, enterprise risk management and Office of Foreign Asset Control (“OFAC”) sanctions risk, and state and federal asset forfeiture, as well as anti-fraud consulting and investigations. Member of New York State Department of Financial Services ("DFS") independent consulting team for a large foreign bank. Also participate on monitor team for several other large financial institutions; consult with major international bank on correspondent banking relationships and external audit of compliance program. Represent hedge fund on an injunction and regulatory case brought by the S.E.C. as well as U.S. Department of Justice. Also lead financial investigations, including tracing and tracking assets, working with Financial Crimes Enforcement Network (FinCEN) material, and investigating financial aspects of complex money laundering and asset forfeiture cases.
Chief of Asset Forfeiture
New York County District Attorney's Office
2011 – 2014 (3 years)|New York, New York
Responsible for overseeing asset forfeiture and specializing in money laundering officewide. Chief liaison with U.S. Department of Justice on forfeiture in $1.9 billion forfeiture in HSBC and $350 million forfeiture in Standard Chartered OFAC sanctions cases, as well as OFAC sanctions case against BNP Paribas. Supervised and managed a full-time staff of dedicated prosecutors and support personnel dealing with asset forfeiture and money laundering on a wide variety of criminal cases, including OFAC sanctions enforcement and violations of the Bank Secrecy Act. Forfeited more than $55 million in state funds and $1 billion in federal funds in fiscal years 2012 and 2013. Supervised and trained analysts on a Suspicious Activity Report (“SAR”) team investigating state and federal money laundering cases, Title 31 and other Bank Secrecy Act (“BSA”) cases. Original drafter of criminal forfeiture provision that was included in Governor Cuomo’s 2012 budget proposal. Appointed counsel to executive staff oversight committee on spending of money laundering funds for citywide criminal justice projects. Regularly conducted training on forfeiture, money laundering, compliance and financial investigations. Ran all aspects of the District Attorney’s restitution and restoration of forfeited funds to crime victims. Appointed Special Assistant Attorney General to supervise forfeiture aspects of People v. Joseph Stevens and Co., Inc., a securities fraud case. Assisted in drafting 2013 report of the White Collar Crimes Task Force of the District Attorney’s Association.
Assistant United States Attorney
United States Attorney's Office for the Eastern District of New York
2008 – 2011 (3 years)|Brooklyn, New York
In the Asset Forfeiture Unit of the U.S. Attorney's Office for the Eastern District of New York, was responsible for the prosecution of a wide variety of criminal and civil asset forfeiture and money laundering cases, involving securities fraud, mortgage fraud, narcotics, organized crime, bank and wire fraud, and international money laundering. Handled cases from grand jury presentation and complaint through trial. Served on the Suspicious Activity Report (SAR) Review Team and Intellectual Property Crime Task Force.
Law Clerk to the Hon. Nicholas G. Garaufis
United States District Court, Eastern District of New York
2007 – 2008 (1 year)|Brooklyn, New York
Associate
Morvillo Abramowitz Grand Iason Anello & Bohrer
2006 – 2007 (1 year)|New York, New York
Handled primarily white-collar criminal and regulatory matters, including S.E.C. inquiries, internal company investigations, and indictments from various U.S. Attorney's Offices and local District Attorney's Offices; also worked on various civil matters.
Assistant District Attorney
New York County District Attorney's Office
2002 – 2006 (4 years)|New York, New York
Special Prosecutions Bureau (2004-2006): Primary responsibility for prosecuting financial crimes, including embezzlement, extortion and schemes to defraud; responsible for the prosecution of criminal cases from investigative phase through indictment and trial; Trial Division (2002-2004): Prosecuted hundreds of misdemeanor and felony cases including robberies, drug sales and assaults; conducted jury trials and gained extensive courtroom experience.
?Publications
"New York State District Attorneys Continue Push for Criminal Forfeiture"
Empire State Prosecutor
July 20, 2012
?Honors & Awards
"Applying Proven Investigation Techniques and Fostering Collaboration on AML and OFAC cases"
September 2014
Twelfth Annual AML and Financial Crime Conference, Association of Certified Anti-Money Laundering Specialists
"Supporting Cases and Providing Proper Documentation for Criminal Prosecution"
September 2014
Twelfth Annual AML and Financial Crime Conference, Association of Certified Anti-Money Laundering Specialists
"U.S. Life Insurance AML Roundtable"
March 2013
AXA Equitable
"AML and OFAC Compliance for the Insurance Industry"
January 2013
American Conference Institute
"Taking the Profit Out of Crime"
October 2012
White Collar Crime Investigations, New York Prosecutors Training Institute
"Money Laundering Red Flags"
October 2012
Eleventh Annual AML and Financial Crime Conference, Association of Certified Anti-Money Laundering Specialists
"Following the Money: Money Laundering"
November 2011
"Practical Considerations in White Collar Cases" conference, NY State Prosecutors Training Institute
"Suspicious Activity Reporting"
September 2010
Anti-Money Laundering and Financial Crime Conference, Association of Certified Anti-Money Laundering Specialists (ACAMS)
"Adopting the Latest Best Practices to Protect Your Organization from Fraud"
March 2010
Fifteenth Annual International Anti-Money Laundering Conference, MoneyLaundering.Com
"Uncovering the Latest Trends in Global International Crime"
March 2010
Fifteenth Annual International Anti-Money Laundering Conference, MoneyLaudering.Com
?Organizations
Bar Admissions
Admitted to practice in New York State, the United States District Court for the Southern District of New York, the United States District Court for the Eastern District of New York, the United States District Court for the District of Colorado, the United States Court of Appeals for the Second Circuit, the United States Supreme Court
Additional Organizations
New York City Bar Association (Member, Criminal Advocacy Committee), District Attorneys Association of the State of New York (Member, Forfeiture Law Advisory Group), Transition Steering Committee for Brooklyn Borough President-Elect Eric Adams, Notary Public (New York State)
$$CANN
CANN moving up nice today...
$$CANN
point was gov. cannot take ownership of a private co. in exchange for a bailout... this is very relevant to FNMA on this very ruling (%79.9) you should read the ruling to understand what is taking place
$$FNMA
IMO, look to AIG and Hank Greenberg Starr international some very important president was established in that case.
Judge Thomas Wheeler ruled in favour of Mr Greenberg at the end of a four-year legal battle that has captivated Washington and New York, deciding that the government had indeed acted unlawfully when it seized 79.9 per cent of AIG in exchange for a $182bn rescue package.
This could be significant on Gov. hold of warrants. IMO the warrants are null and void as this case spells out...
This is the next big issue/hurdel to achieve 100+PPS
the NWS case is all but over in the next month or soo..maybe sooner we will see what sweeney has to say in 12 days maybe ???
http://www.josephmbelth.com/2015/06/no-106-hank-greenbergs-pyrrhic-victory.html
http://www.reuters.com/article/us-aig-greenberg-court-idUSKBN0OV25A20150615
if link not working search "Hank Greenberg scores pyrrhic victory in AIG lawsuit"
$$FNMA
your wish is my command.....
$$FNMA
Point being, no reason for the DOJ to keep up the defense. Time for the DOJ to walk away before any more documents are released by Sweeney showing a direct path to the White House. I predict The NWS cases are settled by inauguration day or very soon after. whats the point. Time for the DOJ to go into cover up mode. Not much time before the Trump administration has access to the inner workings of the DOJ and the White House.
We WIN .....
$$FNMA
i thought one is still due in December
$$FNMA
Are F&F due for a payment to treasury in December?
$$FNMA
2 1/2 years...
$$FNMA
"Now Wall Street wants more of the action -- and Mnuchin and Trump may give it to them."
Very Nice Day here, Been a wile since we have had a 4 dollar Holler !!
$$FNMA
$$FNMA been a long time since we saw 4 !!!