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Maxine waters bill is already figured into the price here isn't it? That news was from September 11 I think.
I just tweeted to @BarackObama to go ahead and have Demarco release the GSE's, so once he checks his twitter he should have them released in no time. Guess you better buy before he checks his twitter..
I doubt they would release them separately. Could you imagine if they released Freddie a quarter before they released Fannie? Everyone would sell Freddie after it topped out and then they'd throw all those profits into Fannie knowing the same thing will happen with that. That would be the easiest money ever made in the stock market.
Ha I just watched scarface so I heard that in a scarface voice.
It'll be hard for some not to sell when there will be some negative articles coming out and they are green in their accounts. I like how you said before this isn't your first rodeo. This stock does swing pretty sharply, nearly every time it looks like blue skies something knocks it down but now instead of staying down it's rebounding strong. I think the shake and bake is on big time and they want you to sell your shares. I hope you are right detearing and I admire how you stand your ground.
When I was a young kid my mother was a real estate agent and I remember her telling me about Fannie and Freddie and how they made it so people could own homes. My mother passed in October 05 but when a friend told me that this stock jumped from .26 to .80 I immediately thought of my mother and that I needed to buy some shares. My mothers old coworkers Fannie and Freddie are still alive and kicking and I believe they will be after I'm gone.
Great post! I agree!
Good work and thanks for information. Looking forward to hearing his response.
Going back up. Glad I'm holding steady don't want to give up any shares.
I just found this as well and was about to post it. Can someone post it up? Thanks.
Fed to continue buying bonds.
Fannie is just putting a little red lipstick on before she heads to the earnings ball with and his green suite. Perfectly normal and healthy for higher highs.
Very well done Crawford. I read it yesterday and saw many key parts as you did. Great job breaking it down.
Earnings should posted 11/5. Should be good.
Yea that'd be ok with me. Do you know if AIG stock traded on the OTC while in conservator ship? I guess if it fell below $1.00 it would have had to of eh? If AIG got the royal treatment I see no reason why Fannie and Freddie shareholder don't get the same.
Ok thanks.
I remember hearing a deal was made with the republicans for watts confirmation. I forgot what they were fighting over a couple moths ago though. I think you might have said it obi.
Yes very well said by Fannies CEO. Very positive and truthful.
Posted this before but i see new eyes on this board who might not have read it before. Fannie and Freddie are too intertwined into the global economy to fail, china and other countries rely on the gse's! http://www.smallcapnetwork.com/The-Truth-About-Freddie-and-Fannie/s/via/24177/article/view/p/mid/1/id/2/
Good stuff! That's Freddie's new ceo. Now do that vodoo that you do do so well new ceo. Go Freddie!
A friend of mine had $60,000 worth of Fannie back before the conservatorship that his wife didn't even know he had. He's still holding his shares all these years later and now I think they're worth only about $1,000. I feel sorry for him but I told him to keep holding and that he'll get his money back. Hopefully all the share holders get their value back soon. Feel bad for all those that lost huge money because of this scandal.
Maybe but I know for sure that the fhfa has told f and f to settle all these lawsuits against the banks by the end of this year. Some of the lawsuits were filed in 09 but have sat dormant.
So DeMarco said two things yesterday that makes me think what will happen. 1) he said the gse's can't remain in conservatorship 2) they need to build capital for themselves as a first backstop to protecting tax payers. So I think they will release the gse's but they will wait awhile to reinstate dividends so they can grow a large lump of cash as a reserve. This will make the stock pps about 1/2 of its potential until the dividends are reinstated which might be 6 months or a year. Then the pps will go to full value. Just thinking of possible outcomes that could work.
A for effort!! I couldn't see what's the rsi on the 10th straight green day? And say hello to the terminator, did he say fnma "will be back"? Lol
I think it's pretty simple what happened, the hedges ran out of shares to buy so they sold for a quick profit and to shake the tree. Now that the rsi is reset and there are shares available they will be back again to pick them up. Go ahead shorties make my day tomorrow.
Demarcos last sentence said that they are getting f and f ready for the post conservatorship and that Fannie and Freddies employees she be ready for a long successful employment at the gses. Sounds like good news to me.
This guy is underlining that f and f are a good system that can't be beat!
Yes!! This guy speaking now gets it! He's already talking about how to end the conservatorship.
The warner supporters just said they don't approve of people having granite counter tops in your kitchen! They want everybody to rent and support funding for rental properties. Hopefully there are smarter idiots in the Senate who like granite counter tops!
Exactly!! Thats why they aren't getting any support but yet they keep rambling.
I'm 100% sure once these corker guys are done talking this will go back up in the next couple days.
The lady interviewer called him out by asking how his bill couldn't even get support in the senate so how would it ever pass the house and the guy was speechless for like 30 seconds. Very Funny.
Wow these corker supporters just said that they want the private to pickup the backstop and they say it would raise interest rates 40 to 60 base points and it would require a 4.4% down payment to buy a house. Uh Ok yea right, And then they called people who want to release F and F separate from reality. These guys are morons!
Man I missed out on that dump today I knew it was going to happen but my daughter missed the school bus so while I was gone I missed all the action. Would have loved to have picked up a bunch more shares.
I was reading that as of close yesterday there were only about 300m shares available and those probably were bought up this morning. Last time she ran out of shares to trade was when we hit the $5.44.
I was reading that as of close yesterday there were only about 300m shares available and those probably were bought up this morning. Last time she ran out of shares to trade was when we hit the $5.44.
Great Thanks!
The last time there was any real pre market t-trades it was the day after obama's speach and they were all sell trades. Today's trades are all buys on the day Demarco is supposed talk. Maybe people who know what he is going to say are loading up before the speach.?
Or maybe they are shorts who are getting torn up and they are just trying to stop the bleeding asap.
Wow huge gap today! Never seen a gap like this lots of pre market buying. Cha ching!!!
Not sure if the governments shares part is right. If they get released will the float go way up because the gov has 80% of the shares or if they just have warrants for 80% and the float stays the same?