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I remember that is what Reid said. I ask because when he does make the announcement this issue will be put to rest until after midterms which of course will be great for fnf. I don't know the official process or how long it takes. I am trying to find info. on it.
Obit you already know
where to find the info. about what Reid can do now and how long it will take. Can he make a decision soon or even today to not bring the bill to the floor for a vote? Then he could make a public announcement.
Good question for me also. Can Harry Reid just shelve it and make a public announcement right away? I am sure he is being hounded by reporters for his disposition right now.
Just read what is posted
members have posted several articles just this a.m. and links. This bill is D.O.A.
Housing-reform bill has insufficient support: Senate panel chief
It won't be hard to look up articles today.
http://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-SN20140515012667
Housing-reform bill has insufficient support: Senate panel chief
Today 10:39 AM ET (MarketWatch)
Print
WASHINGTON (MarketWatch) -- A proposal that would wind down federally controlled mortgage-finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) has insufficient support among U.S. lawmakers, and will just serve as a "first step" in Congress's work on housing-finance reform, the chief of the Senate Committee on Banking, Housing, and Urban Affairs said Thursday. "This is not the final product," said Sen. Tim Johnson, a Democrat of South Dakota, at a committee session to work on the bill. "We will continue to work together to improve the bill and attract additional support." The bill likely has enough votes to pass in the committee, but too few to force the entire Senate to consider the legislation. Several committee Democrats are concerned that the legislation would make it too tough to access affordable mortgages. The expected failure of the current housing-reform bill comes on the heels of Fannie and Freddie's federal regulator laying out a new set of goals for the government sponsored enterprises aimed at supporting credit access and curbing banks' exposure to mortgage risk.
-Ruth Mantell; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 15, 2014 10:39 ET (14:39 GMT)
Corker is rambling and lying and stumping. Poor real estate agent single mom of 3, one of which is special ed. student can't work for 10 years.
It really sounds like Corker is brow beating and chastising and condescending to the no votes and cheerleading the bill like it will pass all at the same time. Amazing to see such a skilled bullsitter.
Your dog probably has more credibility than Bruce Odom.
There has been a lot of press about the bill being doa on Reid's desk but shorts and mms will probably take full advantage if it passes out of committee as if it means something relevant. I see slight pull back short term. No problem. I have been long for a while and it will bounce back. Too bad more people don't recognize that it is a nonissue.
I am feeling better all the time about fnf. Holding strong but it is still a nail biter for me. Hope you are enjoying Rome.
Wow that really looks like a prank. I hope it is. Too funny.
I think there is a good chance for settlement early. The criminals don't want the skeletons out of the closet. The lawyers can't stall for long with Judge (Judy) Sweeny keeping them on task.
Possibly there will be so much gridlock they will not be able to muster bipartisan support after republicans take majority. Any bill that they would attempt would be more conservative and dems don't like this one.
Considering the short attack I think the share price did well. Not so many weak hands these days.
Greenspan video just now on cnbc. He says that JP Morgan is just like FNF... too big to fail. Interesting reaction from the talking heads.
Yep I just called. you are right. it is public.
It is supposed to be a closed door meeting tomorrow so perhaps they will take some time to figure out how and why they didn't get the Watt's up memo and how to save face if that is even possible. I can Hear Harry Reid now. "I told you dumbasses to stop pursuing this two weeks ago".
I think this is a typo or just another stab at keeping share price down. Watt doesn't want this according to his interview.
The bill details exactly how the government could go about eliminating both Fannie Mae and Freddie Mac. This isn’t a particularly new concept, as Mel Watt, director of the Federal Housing Finance Agency (FHFA) has been pushing for the same thing for a while now.
That would be nice
Thanks Zargis
Hey thanks for the help. Now I can sleep. Not! LOL
Somebody help me out. The article that I read a couple of days ago said that the bill will be considered on Thursday. Does that mean it will be presented for mark up or first a discussion and then if they decide to they will vote. And another thing since the bill is DOA because Harry Reid won't bring it to the floor knowing it won't pass, why would those few Dems. On the comittee mark it up when it does not have Obama support. Are they lame ducks and they don't care about reelection? We now know for sure what the Obama's administration plans to do. We just heard it all today from his nuclear option puppet and it has nothing to do with winding down the GSEs. Yea that was scattered but I am not going to try to organize these thoughts and questions on my phone.
He could easily become nomo_trader.
Zargis, Reyprimero, Jayman
Thanks for the prompt replies. It is great to have so many knowledgeable people staying so involved and posting to help others out.
I have 2 questions for chart technicians
Do we have a fannie load of gaps from this morning to fill?
Do gaps go out the window or maybe they are less relevant when this kind of news moves the share price?
see post 214505
I didn't realize the conversation will be so focused on the conservatorship. Tomorrow could really be a big day. Yes I am now stating the obvious now that it is obvious to me. I think that news of the conservatorship is going to move this stock a lot one way or the other and people are backing out today hoping to get back in if we get bad news. Yes more stating the obvious. I guess my point is I am in it for the long haul. Hopefully good news tomorrow. If not well I have a little cash so I will buy a little more fnma.
That is funny. He is like a fruit fly. He isn't harmful but he can be annoying. You can't really shoo him away. At least you don't let him bother you.
All that bashing through the day by different media and fnf did ok. With these after hours positive articles we should have a great Friday. Retail and maybe more hedge funds will want this now and there may be weekend news so more holding over the w/e.
Hell it looks like it's working like some kind of spooky voodoo. Keep it up. Dr. Reyprimero Bombay.
I just dated her so I could influence Chuckie. But she is a doll.
No it's because I am dating his niece!
Yes, a beautiful pennant. HaHa I am just happy that I know what that is now.
955 thank you
Thank you sir. I appreciate the help. I really should take a course.
You overslept.
If you know anything about charts I consider you a guru compared to me.
Ok so closing at $4.16 is good according to charts. Is that correct? Just asking you chart gurus.
Hunt for the green October
Maybe the fhfa hired the wefukmnhow firm to delay the process. knowing it is just a matter of time before they lose