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who took the losses with all these crummy bank loans. fnf supposedly went down for 200B or so. if the banks were that bad, and their losses were double that of fnf, they should have lost a trillion or two. where that money come from, who took the hit? how did/does it show up on what bottom line?
my first wife was an atty in the office of education during the johnhnson sdministration. there were about 7-8 attys , all young in that office at that time. they were smart. if i would have brought them the briefs for the fnf vs tsy cases to a party, we would have spent the whole night reading and arguing the case.
i think the office of ed evolved into hew, and hhsc, and fhfw, and whatever. someone else can correct this.
the only conversation these kids could discuss was law.
the attys for my opinions were not kids. my every day atty is in his 60's, has practiced before both the dc and the fed courts that received the cases. i paid him real money for his opinions. he was only pesimistic reguarding the time frame. said i may not liv long enough to see a settlement. he seems to think the odds were slightly in favor of the govt, particularly if they got some good guys doing the case. he did say tthat not all their attys were from ivey league.
the second guy was around 45, and the guy from boeis(?) who was handling the day to day. he was on the optistmic side.(probably had to be.
IMVVVHO???????????????????
what does that mean?
there is no google translation
http://www.slate.com/blogs/moneybox/2013/11/21/fannie_and_freddie_reform_the_case_for_simplicity.html
this is a "and it is a well known fact that....."post. this guy did not go to journilsim school.
computer programs and the feds and the new fnf
for our latest example of a fed computer launch::. the obamacare program
certainly the WH will learn from mistakes, and when the newco fnf program is introduced, it will perform flawlessly. oh ho ho oh ho ho, merry christmas.
obama"shut'em, down"
warner"shut'em down"
sperling"shut'em down"
warren "shut'em down"
what to replace them? "we'll worry about that after we shut'em down"
two guy make airplanes,major appliances,stock trading
i don't know watt. he scares me. he will do whatis good for watt, and for his handlers, those he owes, and those who might do good for watt. he has no assets to bring to the job. just as well hire one of us for the job. not saying he is a bad guy. he just has too many bad influences around him, and no accomplishments other than being elected from a set aside district. he owes too many, and has never done a damned thing.
watt hands in the til?
how much of my money is watt going to give maxine's crowd when he gets approved?
will it come tsy or will he say fnf are rich, and can afford to dump 50B on those poor and cold and hungry people who used their house for an atm?
IF, IF,
do you think there is more than a 1 in 1000 chance tht BB offer will be accepted? i put odds at 1000 to 1. i think for money, a 200B offer might get real consideration. even the feds are not stupid enough to dump for less than a year of profit. the drop the hot potato are not that great.
franklin holds 11M SHARES
BLACKROCK HOLDS 3M shares
http://investors.morningstar.com/ownership/shareholders-major.html?t=FNMAS®ion=USA&culture=en-US of fnmas
not much
fidelity holding??
a while back i came across a fidelity holding of 17%. i do not know which fund, and i do not know which fnf stock. would not be a common, caus would have to be reported.
why obama want to kill fnf?
it flys in the face of the majority of his constituncy.
last T-FUD of nov.
28.64%
i presume purpose of the announcement was to catch corker and hensarling at the pass. the real problem is maxine waters. she has her stuff together, and may put together a true problem solver that is not as benificial to us as the hedge fund proposition to mail us money.
funny thing happened on the way to the bank
i owned some pfds(i think eastern al, but maybe braniff al) it was backed by the company rolling stock. the company went BK. they "convinced" the judge that if they could convert the rolling stock(the planes) to cash they could save the company.
i owned some bonds with maybe greenway finance. ends up they were depreciating mobile homes like real houses. the judge allowed a second company to form, took aaaaaallllllllllll the money, and all i got was the bag.
been there, done that. old cliche, take the money and run.
cut and run.
i think we are close to a negative risk-reward stage, if this holds up for another two weeks(i go on vacation) i will dump most of my holdings in fnf. e.g. cut and run.
the boys that want to buy fnf are going to need a lot more than a few billion. they probably will haveto pay off jr pfds, and raise close to 5%(at least 3%) in reserves. 5% of 5000BILLION. if i get my decimals right, that is 150 to 250 Billion.
''One should sue on behalf of the company. and to do so you shall have more than 50% votes for the action.''
i thought the feds held none of the common. i thought only common could vote. this is complicated by cship, but options are not voting stock. the options must be activated to common, then can vote.
at the moment the common holders of the 99+% of the common are the shareholders, voting or not.
i don't think this about the AAA ratings the agencies gave all the fnf pfds issued in'08
Bear Stearns Fund Liquidators Sue Credit-Rating Firms, but if it is, i want to jump on the band wagon.
Liquidators for the two hedge funds sued the three major credit-rating firms in New York State Supreme Court for allegedly misrepresenting their independence and the accuracy of their ratings, seeking $1.12 billion in damages, according to a court filing.
i bought fnmas and fmckj on the AAA ratings(and barney frank, paulson, and etc assurances)
t-fud index service notification
the index generator will be on vacation from wed to dec 3. wife will not let me enter stock accounts from outside computers, even with vpn.
youze guyze do not understand. ed d is a civil servant. i can have someone chech his grade. the federal govt has probably somewhere between 50 and a hundered thousand just like him.
he's just doing a job. doing it much better than most of you appreciate. he keeps dodging all the bullets, and kissing all the ass to smooth along.-----you want it you got it!!! if he stands up on hind legs and kicks ass, he goes(back to ssa) and fnf go to hensarling and baccuss and scott what's his name and the rest of the dog beaters and the chicken f,,,,,ers, one does not stand up to those idiots. keep throwing them bones, and do the sneaky shit without telling them. he has not harmed fnf so far.
i have worked for very capable confontrational guys who were under extremely stupid people. the guys did not last long. ed is lasting, and moving things in the proper direction, real fast. he's a really smart guy. he's not pissing off any of the idiots.
t-fud index is at 26.77%. hit 28%+ on thurs, but fell back on fri. do not know if the buying frenzy will continue next week.
the tfud has almost doubled since aug 17.
http://blogs.wsj.com/developments/2013/11/08/demarco-people-are-forgetting-why-fannie-freddie-failed/
DeMarco: People Are Forgetting Why Fannie, Freddie Failed
http://www.loansafe.org/johnson-need-for-affordable-housing-options
Banking Committee Chairman Tim Johnson Addresses the Need for Affordable Housing Options
sell on the news.
sell to a hedge fund???
presume one has 100,000 mixed rv 25 fnf pfds. does it sound feasable and possible to sell one's holding as a single package to a hedge fund?
would avoid the really nasty spreads, and the lack of liquidity on many of the issues.
warner's wife. a good look at both
http://www.styleweekly.com/richmond/first-lady-lisa-collis-is-a-study-in-contrasts/Content?oid=1388401
i doubt it. warner brothers started over 100 years ago by a bunch of polish jews with an unpronounceable and spellable last name. they left the scene at least 50 years ago.
Before entering public office, Senator Warner was an early investor in the cellular telephone business. He co-founded the company that became Nextel, and ultimately made early investments in hundreds of start-up technology companies that have created tens-of-thousands of private sector jobs.
Should We Care About Mel Watt? Fannie's Current QM Guidance - Worth Knowing
http://www.mortgagenewsdaily.com/channels/pipelinepress/11062013-fannie-qm-mortgage.aspx
long article. start in the middle with the watt comments.
"You got it wrong brother, always keep in mind that the government's interest is in commons."
1.i think the govt has the bull by the balls, and cannot figure out how to bail
2. have you figured out what the govt will have to do to activate the commons? it is at least 45Bil up front dollars, then taking on 5 trillion of debt. not an easy hump to jump.
2.5 the law suits forcing the issue are not much about commons.
3. so, if any of you innocents are listening to this Ebano nonsense, do a bit of math, and contact a broker.
http://www.valuewalk.com/2013/11/sheila-bair-on-fannie-mae-and-freddie-mac/
sounds to me like this is timmy time comment
these are morecurrent. look pretty straight forward anti-bank, and would have little effect on fnf.
http://blogs.wsj.com/moneybeat/2013/10/29/rep-frank-revamped-mortgage-rules-a-grave-error/
http://blogs.wsj.com/washwire/2013/11/01/sheila-bair-dont-eviscerate-mortgage-rules/
this is what they are talking about:
http://www.huffingtonpost.com/2013/10/30/hr-992_n_4178116.html
but it is too convulated for me to understand
Democrats Claim Barney Frank, Sheila Bair, Maxine Waters Back Deregulation Bill. That's Not True (UPDATE)
read an article dated yesterday reporting that shelia bair wanted fnf shut down. however, there was no reference to when bair made those comments. the article did say that bair was part of the group(with paulson, and i think geitner) that shut fnf down in '08.
25% 25% 25%
the t-fud index just blew through 25%
that's the biggest news since Caesar crossed the rubicon
ç
;;;this is not a policy speech, but a money grubber.
Carla Marinucci has had her white house press pass pulled for being a bad girl in the chelsa manning(??what's that) affair.
Carla Marinucci sounds like a blue girl beating on the arnold.
Wells Fargo & Co. has quietly settled a dispute with the Federal Housing Finance Agency for less than $1 billion, markedly less than the $6 billion the agency is seeking from rival Bank of America Corp. (NYSE: BAC).
The Charlotte Business Journal reported that Wells Fargo (NYSE: WFC) settled the demands in a confidential agreement.
corker-warner
i asked a couple guys (in my locker room)who i thought would know, "why is warner involved?"
both said the same thing. probably something personal. lot of these guys have serious ego, and pretty easy to get a nose bent out of shape.
" Granted he should get DeMarco on board also. " demarco signs what he is told to sign. he a good soldier
'DeMarco is likely due to leave within the next 6 mos anyway….)''
why you think that? his commute is not that bad, and he's not going to make any more money, or collect stocks or options if he moves on.
i just read that holder will be leaving soon(not a joke). i know obama will be leaving soon. this is a huge chunk of change. stall, and kick it up down the alley. so, don't buy any camaros or dodge pickups and plan to cover the cost with the settlement.