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Can't wait for this bill to come out. It should be EPIC for the PPS.
Thanks for the post, and thank you for your time severed protecting our country!
Well stated. I agree it makes sense to have the courts return fnf to the shareholders so neither party looks bad or better than the other party.
Pop pop, green, yeah!
Good article straight to the points. Fannie is definitely going green tomorrow.
Glad Fannie and Freddie had a great day because I had a Crapo day. Got in a car accident. Fannie's news makes me feel better though.
Wooooohooooo!!!!
I agree 100%.
Does anyone think that if the court case dragged out for years while fnf are sending huge payments to the treasury every quarter, that the court may order the treasury to pay back all the extra money to fnf and it's shareholders? Could we be earning dividends right now since technically the gov is paid and full?
Thank you MB!! So nice to see our attorneys doing a great job and the judge listening and reacting to them. The rule of law is what everyone has been talking about forever and its nice to see we still have law and order today. Things are going as planned. Awesome! !
What up doc? Fannie!
I'm not sure what his plan was. I guess they knew Bush wouldn't be in office much longer so they left it up to the next administration.
Great News! Keeping the good fight going!. Thank You.
Paulson was Bush's adviser that recommended they be put into conservatorship. He tells all about it in his book "on the brink". He admits he had to come up with a clever way to sell the story of the conservatorship to the public so they could illegally take a public company into conservatorship and dump all the fraudulent loans on Fannie and Freddie. So he might be the mastermind or there could have been someone above him.
Good news. Only 4 more settlements to go.
Would be nice if Demarco released them either right before the vote or on his last day of office.
Can't wait till Tuesday! This is going to be a HUGE POP once this bill gets turned down. Good to See the CEO's getting a chance to voice their opinion finally.
Never mind dumb question. Sorry, on my phone.
Is the highlighted section part of the article or an opinion?
Shake n Bake!
This means Obama got an earful about not messing with Fannie and Freddie or two of the biggest mbs buyers won't be buying. Great information thanks!
Great news!!! Thanks!
Why Fannie and Freddie are up today. .
The opposite of every thing you said is true. They are the most profitable companies in the world, so not pos stocks.
I bought March of 13. We need all the support we can get though so keep telling them.
Sounds like Bob gets it so I'll assume Watt will do the right thing when the time comes. Thanks that info.
Yep. The truth is they can't do any major changes while in conservatorship anyway. If they were in receivership they could but they aren't. Release and apply reform changes is the correct way to do it.
Mr Watt could release anytime now to avoid further discovery and embarrassment. Exciting times have arrived, wouldn't want to be on the side lines at all from here forward.
This is SO Great! Exciting times! Thanks guys I'll be watching the Freddie board!
Fool.com stating the obvious. http://www.fool.com/investing/general/2014/04/08/investors-are-ready-to-discover-fannie-mae-and-fre.aspx
That's kind of funny I've been watching lost everyday for past few weeks. Never seen it before. Good show. Have a safe flight.
Hey defeating, would you mind putting me on the please. Bronze. Thanks!
Thanks for the new screensaver! She's a pretty all American girl!
I agree. I Think the stock is going to pop BIG TIME this week. Those Hedgies that have been on the side waiting for the right time to jump in just got their green light friday after the market closed. I believe all this negative news has really been an a staged act to get people to sell and lock them out of their shares. Longs are going to make out great in the end.
Gap Filled! Well done everybody we all know this stock so well it's ridiculous. Going back up.
Great article but why is the date the 4th? Today is the 2nd last I checked.
Break on through to the other side, (of resistance) Break on through, heh, heh.
Fannie heading to the great wide open!
Break on through to the other side, (of resistance) Break on through, heh, heh.
Fannie heading to the great wide open!
Isn't Fannie and Freddie Sending their billions to the treasury today? I haven't heard anything about that yet. Sorry if I missed it.
If I remember right Demarco told Fannie and Freddie to settle all of their lawsuits by the end of 2013, and I was thinking they would release them after they settled. Looks like they had some unfinished business, I take this as another step towards release.
Wow that's huge! I thought bac settled already in January 13? Serious coin!
I did some searching about a year ago and found that in the terms of a conservatorship the conservator is not allowed to take one penny more than what the original loan amount was for. This could mean that after the GSEs pay the treasury at the end of this month anything over the original loan amount (which they will over pay) could be payed back to the shareholders who had shares on X date.
I am just thinking that if the courts are going to follow the law they will probably follow it to the full extent in the original terms of the conservatorship.
We could be acquiring future dividends as of now that could be anywhere from $.30 to $.90 a share!
Although if FnF get released I'm sure there will be some time period before dividends are reinstated so they can build a capital backstop.