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They're AKA Sucking Alpha---or you can add something else on the end
WATCH OBAMA SPEECH LIVE: 8/6/2013 at 4:05PM ET
A Better Foundation for Middle Class Homeownership;
WHITE HOUSE
http://www.whitehouse.gov/a-better-bargain - Middle of Page
YOUTUBE
It's OMAMBA---not Obama
After that 12:10 p.m. PDT tour, Obama will visit a Phoenix high school and lay out his multi-pronged proposal, the White House said.
What time does O'MAMBA speak today?
Opened @ $1.05---MM holding the PPS up
Amazing---DOW off by 80+ pts
Rather serious volume too
Close HOD $1.04 1,150,000 shares
Come on $1.80
Looks like confirmation of third leg up
That what should happen,,,third leg uP folks!!!!!
YOWZA!!!!!!!!!!!!!!
Third RUN has begun --IMO
FNMA book value per share 54 dollars As of March 31, 2013
FNMA total equity: 62,368,000,000 dollars
page 35
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2013/q12013.pdf
FNMA total outstanding shares: 1,158,077,970
First page
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2013/q12013.pdf
Bwahahaha
Listen, at this point (and really this conclusion was arrived at by MANY a good 12-to-in-some cases 36 mos ago, do WORK) if you're are still attempting to make a bearish case here you not only reveal your position but also your folly.
Once we pass $3 that will become very, very clear to yo short a$$e$.
Next quarter it will be: "gufahhhahemm, uhh once it hits $16 it's , ah, definitely going to ummm, zero uh. Errrr, cuz, uh it's worth nothing and uh Bloomberg,,,bring the pain! Ugghhh, Cramer?" lol
: )
FNMA book value per share 54 dollars As of March 31, 2013
FNMA total equity: 62,368,000,000 dollars
page 35
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2013/q12013.pdf
FNMA total outstanding shares: 1,158,077,970
First page
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2013/q12013.pdf
I've got my lottery tickets....but I don't think that treble damages will ever happen--even tho the toxic mortgages were crammed down on FNMA & FRE
or is it--covering???????
COVER!!!!!!!!!!!!!!!!!!!!
Bank of America expects civil charges over mortgage bonds
http://finance.yahoo.com/news/bank-america-expects-civil-charges-224942847.html
I agree the pps should go up Substantially over the next year
Probably take a month
Bank of America expects civil charges over mortgage bonds-
(Reuters) - The Justice Department intends to file civil charges against Bank of America Corp (BAC) linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.
The Securities and Exchange Commission may also file civil charges for one of those bonds, the bank said. Both cases relate to mortgages that were too big to be guaranteed by Fannie Mae or Freddie Mac, but were packaged into "jumbo" mortgage bonds.
The filing did not specify what the cases were about. A Bank of America spokesman did not immediately return a call seeking comment.
The new charges, disclosed in a quarterly filing, underscore the extent of the second-largest U.S. bank's hangover from the financial crisis. Bank of America has announced a series of settlements with investors and the U.S. government, including an $8.5 billion settlement with investors in mortgage-backed securities and a $1.6 billion deal with bond insurer MBIA Inc (MBI.N).
Staff at the New York Attorney General's office said they intend to recommend filing an action against the bank's Merrill Lynch unit from their mortgage bond investigation, the bank said in the filing.
The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said.
Many of Bank of America's headaches, including the $8.5 billion settlement, arise from its disastrous 2008 acquisition of Countrywide Financial Corp, a mortgage lender it bought at the height of the housing crisis for $2.5 billion. Analysts estimate the bank has lost more than $40 billion from bad loans, litigation and settlements linked to the purchase.
(Reporting by Dan Wilchins in New York; Editing by Peter Rudegeair and Lisa Shumaker)
I hope they go after the head of the beast---not just the toes and fingernails.
GS needs to be brought down
Bank of America expects civil charges over mortgage bonds-
(Reuters) - The Justice Department intends to file civil charges against Bank of America Corp (BAC) linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.
The Securities and Exchange Commission may also file civil charges for one of those bonds, the bank said. Both cases relate to mortgages that were too big to be guaranteed by Fannie Mae or Freddie Mac, but were packaged into "jumbo" mortgage bonds.
The filing did not specify what the cases were about. A Bank of America spokesman did not immediately return a call seeking comment.
The new charges, disclosed in a quarterly filing, underscore the extent of the second-largest U.S. bank's hangover from the financial crisis. Bank of America has announced a series of settlements with investors and the U.S. government, including an $8.5 billion settlement with investors in mortgage-backed securities and a $1.6 billion deal with bond insurer MBIA Inc (MBI.N).
Staff at the New York Attorney General's office said they intend to recommend filing an action against the bank's Merrill Lynch unit from their mortgage bond investigation, the bank said in the filing.
The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said.
Many of Bank of America's headaches, including the $8.5 billion settlement, arise from its disastrous 2008 acquisition of Countrywide Financial Corp, a mortgage lender it bought at the height of the housing crisis for $2.5 billion. Analysts estimate the bank has lost more than $40 billion from bad loans, litigation and settlements linked to the purchase.
(Reporting by Dan Wilchins in New York; Editing by Peter Rudegeair and Lisa Shumaker)
Bank of America expects civil charges over mortgage bonds-
(Reuters) - The Justice Department intends to file civil charges against Bank of America Corp (BAC) linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.
The Securities and Exchange Commission may also file civil charges for one of those bonds, the bank said. Both cases relate to mortgages that were too big to be guaranteed by Fannie Mae or Freddie Mac, but were packaged into "jumbo" mortgage bonds.
The filing did not specify what the cases were about. A Bank of America spokesman did not immediately return a call seeking comment.
The new charges, disclosed in a quarterly filing, underscore the extent of the second-largest U.S. bank's hangover from the financial crisis. Bank of America has announced a series of settlements with investors and the U.S. government, including an $8.5 billion settlement with investors in mortgage-backed securities and a $1.6 billion deal with bond insurer MBIA Inc (MBI.N).
Staff at the New York Attorney General's office said they intend to recommend filing an action against the bank's Merrill Lynch unit from their mortgage bond investigation, the bank said in the filing.
The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said.
Many of Bank of America's headaches, including the $8.5 billion settlement, arise from its disastrous 2008 acquisition of Countrywide Financial Corp, a mortgage lender it bought at the height of the housing crisis for $2.5 billion. Analysts estimate the bank has lost more than $40 billion from bad loans, litigation and settlements linked to the purchase.
(Reporting by Dan Wilchins in New York; Editing by Peter Rudegeair and Lisa Shumaker)
Bank of America expects civil charges over mortgage bonds-
(Reuters) - The Justice Department intends to file civil charges against Bank of America Corp (BAC) linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.
The Securities and Exchange Commission may also file civil charges for one of those bonds, the bank said. Both cases relate to mortgages that were too big to be guaranteed by Fannie Mae or Freddie Mac, but were packaged into "jumbo" mortgage bonds.
The filing did not specify what the cases were about. A Bank of America spokesman did not immediately return a call seeking comment.
The new charges, disclosed in a quarterly filing, underscore the extent of the second-largest U.S. bank's hangover from the financial crisis. Bank of America has announced a series of settlements with investors and the U.S. government, including an $8.5 billion settlement with investors in mortgage-backed securities and a $1.6 billion deal with bond insurer MBIA Inc (MBI.N).
Staff at the New York Attorney General's office said they intend to recommend filing an action against the bank's Merrill Lynch unit from their mortgage bond investigation, the bank said in the filing.
The SEC is also considering civil charges against Merrill Lynch linked to repackaged debt securities known as collateralized debt obligations, the filing said.
Many of Bank of America's headaches, including the $8.5 billion settlement, arise from its disastrous 2008 acquisition of Countrywide Financial Corp, a mortgage lender it bought at the height of the housing crisis for $2.5 billion. Analysts estimate the bank has lost more than $40 billion from bad loans, litigation and settlements linked to the purchase.
(Reporting by Dan Wilchins in New York; Editing by Peter Rudegeair and Lisa Shumaker)
Computer trading (aka programmed trading) can be triggered by many things
Fitch Upgrades 2 Classes of WAMU 2005-C1-link
was this the reason for today's action?
http://www.fortmilltimes.com/2013/08/01/2862594/fitch-upgrades-2-classes-of-wamu.html
I'm sure of that, ...it would be tooo good to be true.....that almost never happens
Some of the shareholders might have millions of shares
Nothing Till after labor day
3-6000 shareholders. But how many shares?
Summer congressional break. See U in September. Manipulation for August
Natl MI insuring ONLY 5 Bill,,,,FNMA has trillions--right?
ending cash balance=$231,987,204.00
http://www.kccllc.net/wamu/document/0812229130730000000000003
they don't have their act together and it's august break time
FHFA Nominee Mel Watt Won’t Get Vote Until September, Reid Says-link
http://www.bloomberg.com/news/2013-07-30/fhfa-nominee-mel-watt-won-t-get-vote-until-september-reid-says.html
FHFA Nominee Mel Watt Won’t Get Vote Until September, Reid Says-link
http://www.bloomberg.com/news/2013-07-30/fhfa-nominee-mel-watt-won-t-get-vote-until-september-reid-says.html
next week- Starting Tues--IMO