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Have you checked yer bum mate? Not to worry, Fairholme just served up a heaping helping of super colon blow just for you!
$FNMA
At last we have something to agree with him on. It is indeed just him!
Massive BCAP volcano set up happening. Eruption imminent.
Shorts getting blown out!
$BCAP
Please show everyone. You are such an expert on things that have no proof yet proof is what everyone would love to see.
Please show us real proof:
Proof of dilution- none
Proof of any arrests- only that of Joe Elkin AKA- "Steve White"
Proof of any ongoing investigation- none
Proof that there is no transfer agency - laughable as there is a ton of proof showing there is
It seems clear that the only thing you have proven is that you are very persistent at providing conjecture.
Conjecture is not proof it is everything from opinions to flat out lies but certainly not proof.
$BCAP
Is it the messenger or was it the author who failed to point that out? He still owns a shit pile of common shares. Feel free to check the Edgar system for proof.
But I guess you would rather portray it from a different slant right? Spin away!
Laughter!
$FNMA
Hugely profitable. They set it up by design. The whole thing is a rouse.
Private sellers can not provide enough inventory to satisfy demand.
This begets a steady rise in home values and interest rates. This has also spurred new home starts which is good for headlines and a general perception of a growing economy.
At the same time the big banks are still sitting on top of a ton of REO property. These guys have been given very favorable terms by the gov to mitigate the carry cost on all that REO. This is why they have remained complicit in the rouse. If not for the favorable terms provided those banks would have been looking to liquidate that REO starting way back in 2008.
Now with a perception of a housing shortage and the economic indicators running on all 8 cylinders consumer confidence is rising. But here is the rub. Here is where they will bank huge. Soon all of that REO will make its way back into the market. They will release it more and more as interest rates rise commensurately with the movement towards the top of the current RE cycle, or bubble.
The same homes they foreclosed on a few years ago will be sold at higher prices and at higher interest rates which will look great on paper to a lot of people for a little while. Perhaps 1-2 years. Then expect another crash of the latest house of cards. The banks can rinse and repeat as long as they have a complicit partner in the federal gov.
That is best case scenario. The worst scenario will be an expected complete and utter lack of trust in the government which will lead to far more combative forms of social protest much like we are witnessing around the world as they are not the US and are not provided the same uneven playing field that we have here. This will be much more painful and pronounced than what happened in 2008.
For the reasons above I will be parlaying everything I own into F and F until it hits true value. Then I will sell and be buying all the gold I can.
$FNMA
It's very crazy.
"The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That? "
Obama is trying to sound like a democrat in support of "fair housing" but would rather that this come at both the risk and the benevolence if private banks.
I can tell you that I bank with a community bank for my business and a credit union for personal. My new 30 yr loan is held by that community bank. There is no way the private banks are going to lower their lending guidelines while at the same time being the backstop on those same 30 yr loans. No way!!
If the man worked a single day in the private sector and had even a clue on how private financing works he would see how absurd this proposal is. In fact for a socialist bent on NWO that statement smacks of conservatism.
The only requisite change that the system needed has already been employed and that IS the raised bar on proof of income.
F and F keep the banks liquid to write more loans. The requirements keep the risk at a minimum and low interest rates and low taxes keeps the whole machine running effectively.
$FNMA
The news is the same everywhere in all major and many minor RE markets. The laughable nature of the "lawmakers" conversations about the GSEs gets more absurd every day.
My relatively new gated neighborhood in s fl was soft 1 yr ago with short sales and foreclosures skewing the comps about $100k lower than most people had purchased. Now houses are not lasting on MLS a week before going to contract.
In the last month: I sold my house at asking price, my brother in law sold his at asking price with 2 back up offers, his sister sold her $1.8m home after only 3 days on MLS and for full price and had 2 back up offers.
In our collective home buying searches it is hard to get in to see anything good because houses are getting swept up fast.
Here's another clue, private sellers are getting ask and above and the banks that have been sitting on REO for 5 years are holding out as they are getting offers on foreclosure listings at way above bank listed price. There are bidding wars on foreclosures that are tear downs!!! Cash buyers are abound.
These assclowns in Washington are hell bent on destruction because of their hubris and greed. They are not equipped to be making these decisions. Obama's administration has a collective 8% experience at working at private sector jobs. 8%!! These guys have worked on the public dime their entire careers with no regard for what it means to run a successful business and yet they are making economic policy decisions for everyone else!! This is like giving your 5 year old your check book and expecting them to keep the household running.
And the real problem is that despite the fact that I, We, You, gave congress a lower than 15% approval rating by the time 2014 mid term elections cone around most of you will perform a ballot booth panic attack and re-elect the same incompetent scumbags back into office, yet you will expect them to be "different" this time!!
Good GD grief!
$FNMA
Now there you went and provided evidence!
The average American won't know know what to make of that which means the majority of Americans being dumber than the average won't take the time to read any of it.
Got any above average Americans on your email list?
$FNMA
Tell me how that's not NWO.
Are they currently building an absurd number of rental apartments where you live?
They are here in S Fl. They are making a very dense city center with 1000's of units under construction.
Are they putting up giant walls along every highway where you live?
They are here. Do you think this is a benevolent act to provide a sound barrier for the residents on the other side? The highways have been here a long time and no none ever offered to spend multi billions to do this before just so people could not hear the traffic.
What else do you think they could do once all the highways are like giant corridors with 30' high walls on both sides?
Why does the new airport in Ft Lauderdale look like they are building giant underground rooms under the runway? Why does the Denver airport have miles and miles of tunnels under it?
Fed buying select MBSs from the gov. Nothing to see here move along.
I know what you are saying about the role of government and education. But there is a hard rub to that idea. The people are generally of the consensus that education should be provided by the gov. For that reason it created a scapegoat for the people who have been hoodwinked to believe that. The government made themselves the bad guy so that by delivering an inferior but functional education system the people have less drive to create a better private system for themselves. Only the wealthy can afford real school and higher learning education. Everyone else gets the basic indoctrination into the "system". This by and large creates exactly what the elite controlled gov wants to create, good little worker drones that will go out and create more wealth for the elite.
When a government really cares about nationalism they provide the proper educational system to the people. Look around the world. The US education system ranks very very low and it is certainly reflected by the mentality and behaviors of the average American. Compared to our Russian friends and Asian friends they are Alexander the Great while we are Al Bundy.
Because of this there is no question as to why Americans are so powerless to react to the violations of law by their own government. You kinda have to know a out the laws and the constitution if this country first to know they were being broken. People in America today value freedom like a child values money, it doesn't really register to them how it works or what the rules are or what they need to do to have it.
Every emerging global leader country today made a commitment to higher education of its people to get there.
$FNMA
It all comes down to ownership. If the government thinks that by owning 80% of the common and the senior preferred shares makes them entitled to 100% of the company and shirks the interest of all other shareholders then they would likewise feel entitled to the full compensative value of any sale of F and F to a private group.
The MSBs are backed by real loans. Those loans have value and will be owned by whomever is willing to underwrite them. They are not just going to be given away or whatever definition one considers when we hear of being "spun off". That's a politician word if there ever was one because it is so frigging ambiguous.
Whatever the outcome they can say it was all part of the plan.
So by owning the paper and buying the MSBs they can sell the paper and keep the MSBs that I'm sure they cherry picked from the lot.
Is it illegal? I'm not sure that part is but everything leading up to that part definitely is as they stoke the company from the other rightful shareholders with no compensation. Gotta be some barristers aboard here. Anyone?
I believe the answer to your question is like when a General partner in a LLC makes a purchase of a limited position in the same deal. He can sell the position as the General Partner and still maintain a limited position.
The difference is that in this case the gov can hold the MBSs for years after the sale of the companies and the paper and collect the yield on the select MBS.
This administration has some slick dicks guiding them and they should be very concerned when this goes to court. This isn't a slap on the wrist kind of thing. This is as real as f'd up gets.
$FNMA
I've been very pleased to read your insights as well! More and more folks need to start asking these same questions you posted however MH never will. He has one agenda and maintains only a sophomoric ability to garner an answer to these questions as he clearly is not that well thought out to compete with you.
We see a lot of people here trying to convince folks they are a ghost, but in reality we all know they are just lonely drunks wearing a bed sheet and rattling a bicycle chain.
$FNMA
Right, and don't take the free candy from the bowl with the sign on it that says "free candy".
If 100 people were told that by just signing a piece of paper you could buy a home 100 people will sign the paper every time.
The historical default averages would undoubtedly rise as (guessing here) 50% of those 100 would have been precluded from buying a home in any previous time that utilized normal requirements for a loan.
Of the remaining 50% you would likely see normal default averages.
The reason these requirements were made lax was due to greed. By making bundled mortgages something that could be securitized, packaged, and sold to investors this added gas to an already well lit fire. Banks could quickly prepare then sell more mortgages than ever and still remain capitalized to write more mortgages. These were traded like a hot potato to F and F. Since the bad paper was hidden amidst the good the problems with the bad paper were not discovered until they had already been sold as securities worldwide. Thus a pandemic of bad mortgages spread around the world.
Prior to the alteration of law that allowed this F and F had maintained a higher yield and a lower loss rate than any of its competition for the entire history since their inception.
F and F were are remain the unwitting scapegoat for the greed, arrogance, and stupidity of those entrusted by the people to make sound judgements for the good of us all.
But since just 30% of the legal voters in this country vote, and 80% of them do it blindly with almost no real forethought, this is exactly the type of career scumbag that we put into office ver and over again.
If a teacher at your kids school dressed like a slut in low cut tops and a mini skirt yet was an awesome teacher, that women would still get rail roaded straight out of the school by every mother in the class.
Yet when your congress: send your kids to die in a war for corporate greed you do nothing, approves billions in military spending and cuts education budget you do nothing, approves an illegal mandatory health care system you do nothing, kills all alternative energy measures in favor of big oil you do nothing, takes away freedom with the Homeland Security Act you do nothing, ad nausea!
Btw when the hookers show up to the politician's hotel room dressed like a slut in low cut tops and high skirts....you do nothing!
Ironic?
$FNMA
Lol! I think we are just waiting for the False Flag for them to pin it on!
Btw. Public service announcement: on the topic of false flags, if you learn of any FEMA training "drills" planned for your area, get as far away from that place as possible as fast as you can.
Unless of course you are an out of work actor....they need plenty of them to play the "victim" roles.
$FNMA
It's a witch hunt.
You said it:
1) they have no problem funneling all the huge billions in profits from F and F into the Treasury.
2) they have no problem with the FHFA regulator going after bank by bank and winning additional billions in profits in court that prove that banks not F and F were at fault
3) they have the reports and accounts from numerous economists that have gone back and reviewed the history of the real effect and health of F and F leading up to and through the 2008 "meltdown" and unanimously they have cleared any misguided assumptions that were made about F and F.
Yet Congress and the President and his administration remains vocally unyielding in their outward expression of what to do about F and F.
Arrogance and lies! That's what this mounts to. There remains zero plausible reason to "fix" what was never broken.
It's a witch hunt and they expect the sheeple to remain complacent or naive or just scared.
When do the gd court proceedings start?
We have a corrupt Administration, a Keystone Congress, and a bought ad paid for Supreme Court.
Keep on believing there is no conspiracy. It's all just one giant coincidence that we have lost more freedom and more respect in the last 10 years than in any period of American History.
All just a big coincidence.
$FNMA
That is it. Why would we put any value or trust in ANY laws if they can be decidedly broken by an executive order? The legislation that this administration has enacted under the amendments to the HSA eliminates the very checks and balances that provide for equal justice.
This theft of the GSEs is being promoted under the premise that it was necessary to protect the US economy in the same way they can vilify just about anyone or anything these days as justification of being a terrorist or engaging in a terrorist act.
This legislation defies logical fallacy. It's totally self serving for what the administration is establishing as the new era of pre NWO American politics.
This is theft of a nation.
$FNMA
You are firing on all cylinders tonight my friend. I am enjoying all of your insightful posts!
You have every good reason for being cynical. Thank goodness because it shows you are a person of strong moral character which is a hell of a lot more than we can say about these "leaders".
Leaders, servants, they are not.
$tay $trong!
$FNMA
That's true but its still the only system we currently have. Another poster pointed out that these politicians need voters. To point out to them that your vote is contingent on their response can have an impact if enough constituents follow suit.
Short of revolution that's all we have at hand.
There are 300+ million Americans that give congress a >15% approval rating. That's the worst ever. They suck and they need to know it. Not a single one should be re elected. Let them know they are on the ropes despite your feelings about their allegiance.
These guys only live for votes and self interest. Self interest fades with waning support from voters
Ask your congressman. It seems wrong right? Ihub won't help you me or the man in the moon. Get vocal, drop a dime on your reps.
The gov is stalling so that all hijacked funds can be used to pay off huge interest on national debt. When the lawsuits erupt into full bloom this will end, they will say they made a mistake, they revived bad council, blah, blah.
This is what happens when we have leadership by proxy. It's everyone's job to take interest in our government. This shit is real...real f'd up!
$Fnma
Here's some huge news, ihub has no impact on FNMA FMCC.
There are more posts than trades today!
Coincidence? I think not. Calculated power move? Yep.
Strap in!
$FNMA
Exactly. The MBSs are not salable without the guarantee. This is "the" key dynamic that explains why the GSEs work.
They have more than a screw loose, their heads rattle when they turn.
They are stalling, plain and simple. They are stalling so that during the interim they can continue to funnel all the GSE profits into the Treasury to pay interest for the massive debt we have.
What has changed on that topic other than now compounding the issues with a theft of two private companies?
Everyone needs to take a good look at the Icelandic economic recovery. That is how free people restore their economy, they jailed the MFers that created the mess and bailed out their people.
American sheeple are scared captives.
$FNMA
I looked online for you, yep you can't buy a moral compass anywhere. Spin away. Sleep with one eye open!
I'm not pumping. I'm standing up for the rights of shareholders, taxpayers, and all Americans.
You are shilling for terrorist. You obviously lack a moral compass to see how you are aiding and abetting terrorism for the sake of your short side greed.
You have decided to join the ranks of those seeking to undermine the fabric of American life.
Ther are no pumpers here. Get a clue! Anyone long here is in essence standing up for our constitutional rights. We are standing behind the law for the good of all. You are pumping for its demise. Plain and simple. You are committing treason along with this criminal administration and a Keystone Congress.
Spin it ant way you need to to sleep at night, you are part of the problem!
$Fnma
They are aiding and abetting an illegal act plain and simple. Talk about funding terrorism, that's exactly what this is. They are funding and aiding in the deliberate hijacking of a private company without compensation. That would set a precedent that the government could do the same thing to any private company for any reason they deem acceptable. This is financial terrorism.
Yes, let them burn. All the money in the world won't buy them freedom or a moral compass when the sheite hits the fan.
Burn burn burn!
$FNMA
Quote:
The Beacon Of Gondor has been lit.
Riders of Rohan ride to Gondor!
Somebody just spent $4M on the 100K FV prefs...250shrs at $15,857/shr.
FNMFO : Pink Sheets FEDERAL NATIONAL MORTGAGE ASSOCIATIO
Last: 15,875.00
Change: +4,375.00 (38.04%)
Bid/Size: 0.00/0
Ask/Size: 0.00/0
Volume: 250
Have fun! Better get some sun errr ah runblock! Some shorties going to burn!
$FNMA
Sadly true.
Right. A classic case of leadership by proxy, "if we appoint a really smart guy we can let him do it while we all go play golf!".
He's our boy, he would never...what? Can you repeat that question Mr Senator? I will have to invoke my right to take the 5th on that question sir.
$FNMA
That's the DD all longs holding are banking on, the law is still the law until the people change the law. In this case the administration, and the treasury, put themselves above the law and sought council from some very shady folks that sought to circumvent the law and hang their hat on another midnight Executive Order, Presidential Edict, McBS, excuse to justify their wanton perpetration of this fraud.
On the first occasion they had plausible deniability as the then known evidence was perceived as valid that the GSEs could collapse and create a vacuum in the economy. This was of course part of the rouse.
On the amendment of the original agreement the next step in the illegal confiscation of a privately owned company without due compensation was enacted.
By the third amendment they pigeon holed the GSEs into a state of purgatory. A true, "Catch 22", if there ever was one.
They were forced to continue on as the most essential part of the mortgage landscape in the USA and make multi billion dollar profits each quarter only to be stripped down to $3b in capital reserves and agree to a clause that would prohibit them from ever paying back a loan. This we are expected to believe is legal under the terms and still controlling wing of a federal CONSERVATOR!
While the sheeple piss and moan and obsess over Miley "succubus" Sirus' bad display of behavior, the federal government is shilling for the corporate hijacking of America in the single largest deception of the American people since Iraq and Afghanistan, (I wanted to make that sound more alarming, but the truth is we do it all the time!). Oh and just wait another 10 short minutes and I'm sure we will be hearing about the air strikes on Syria, a ground invasion, liberation, democracy, blah, blah, (stick a finger in your throat).
The law people! Anyone remember that document called the US Constitution?
Good GD Grief!
#takeitback #firethe535 #liberateamerica #letfreedomreign #realamericans
$FNMA
Iceland arrested all the Banksters for what they did to their economy and bailed out the taxpayers. This is the opposite of what the US and others chose to do. To date the Icelandic economic recovery is the most robust of any effected in the world.
It just goes to show who is REALLY, "By the people, for the people". It sure isn't U.S.
So is the constitution. Law is law. I don't see your point. The significance remains. The law is clear. The duties of a "conservator" are clearly understood yet Maobama and he Knights of the midnight Executive Order feel that America's laws don't pertain to their NWO.
$FNMA
You say crimes yet there is no indictment, and no investigation into BCAP.
Now, there is an investigation ongoing but you are looking through the wrong end of the microscope.
$BCAP
Yes Sir! Ding ding ding ding!!
But but but...fatty Matty but but but.
So sad....but but but.
BCAP is made for Fantasyland?
Time to wake up sleeping beauty, fantasyland just got a whole lot more real, $300k worth from TGGI
And there are other investments that will be filling the BCAP coffers very soon.
How about CYBK? Don't they have the same CEO as TGGI? There is a lot of BCAP out there but some people prefer to stay lost in fantasyland.
$BCAP
Atlas was set up and coerced in a very pre orchestrated manner I'd say.
No instead he now wants to buy the governments shares at a discount that he made possible. Now he wants to say he was wrong and yet he will gladly repurchase those taxpayer shares.
Am I understanding this correctly?
After reading this I'm shocked he is not already up on charges along with all involved including Bush. They conspired to socialize two private companies in F and F, while making them the undeserved scapegoat.
Then he wrote about it? Am I missing something here? Too bad he didn't also sell some raw milk or collect his own rainwater then at least we could have seen an arrest.
Yes. It's easy for any of us to get off on a tangent. I thank you.
I also apologize for my sharp expression. It's easy to forget how perspective can be lost in a limited written response.
We all take things out of context sometimes.
It's seems we agree on the epic fail of the media to do its job of communicating the facts or perhaps why that is the case.
It's getting tough to be American. I saw a video last night where 8 police cruisers and 10 armed officers arrested 2 people for holding a protest sign at a busy intersection. The whole event was on camera. Not one of the 10 officers could cite a single law that was being broken yet they arrested the 2 anyway. Why? For not adhering to the request by the officers to leave a public sidewalk. No laws were ever broken. The police, in typical Gestapo form were incensed by the refusal of the protesters to leave when the protesters were well within their constitutional right to protest. This is police arrogance, and is flat out bullying. They claimed that the two were causing a traffic slow down yet video evidence shows no such thing until the 8 police cruisers and 10 armed officers rolled in with lights on. That's when every passerby took out a phone and started filming. There are dozens of recorded videos that show exactly what happened.
It is not ok to arrest Americans for exercising their constitutional rights.
Later the DA office could not find anything to charge them with but the chief of police and the officers held them in custody and demanded that some charge be brought.
This is systemically wrong to happen in of all places America, yet all over America this happens every day while the scared and the complacent pretend that its for the greater good. (Only because it was happening to someone else).
When in American history did Americans succumb to tyranny?
Not in Gettysburg. Not in Montgomery. Not in WWI or WWII.
But now, at the height of our ascent into western civilization, where complacency runs amuck, this is the new America.
Support for flag and country has given way to, " please don't ask me", "I'm busy trying to F my neighbor"
$FNMA
Where are they? I have not heard beep from NAR or any state association of Realtors.
Where is their voice? Where is the voice from the hundreds of thousands of folks that are employed to facilitate the mortgage process? They all stand to be out of work as it does not take a Realtor or a commission to rent an apartment from a mega landlord or the gov.
Where are they and what are they waiting for?
$FNMA
That's insane right? Where is the journalistic integrity? No where that's where.
The Koreans got a good look at their expense of American journalistic integrity when the Korean Airliner crashed in San Francisco.
You remember the crew of the airline right? Wee Too Loe, Sum Tin Wong,
Ho Li Chit?
That's embarrassing. It's LLLazy and offensive on every level. But hey, that's instant gratification America. No time to check facts, just go go go
I agree and who better to raise a flag than the millions of young people who get loans to pay for college just to get a job that will pay for the loan.
Boy are they going to be pissed when they find out that without a rich uncle they may never own a home.
I asked myself why they keep building 1000's and 1000's of new apartment units all over big cities in the midst of a former real estate collapse. The answer is that there is a concerted effort being waged to end the era of home ownership in America. Just one of the many freedoms we have enjoyed and a big part of being American. Now just like all of the failed attempts by former western civilizations the powers that be want to corral us all into these apartments and live like rats in city centers. These are much more controllable than having folks spread across the rural landscape of this great land. And they will use terrorism again as the poster child. "How can we protect you if you are so spread out?" The real question they are asking is, "how can we control you".
But I digress. It's probably much easier for you to label me a "conspiracy theorist" right? I am a crack pot right? After all you have it so figured out that you don't even know how much freedom you have lost because you never knew how much you had to lose to begin with!
$FNMA
**note- "you" is not personal. It's the collective, arrogant, ignorant "you" of America.