Ake-fay ews-nay.

Like.

Much agreement. Welcome.

Cooper withdraws from SG consideration.

http://www.politico.com/story/2017/02/chuck-cooper-solicitor-general-withdraws-consideration-234869

IMO the 'reform' part has already occurred.

I hope y'all are right about Calabria and I'm dead wrong- nothing would please me more, but having read the articles I cited in my last post I remain unconvinced.

Note well, I'm *plenty* long; well in excess of 50k shares across both twins, common and pref. No bash is intended, rather... KYEO!*

(*Hat tip to Fugazi: Keep Your Eyes Open!)

This guy is not our friend.

"Conclusions

Securitization is a false god that failed us. While not without some value, its virtues have been exaggerated, if not illusionary, while its costs have been hidden or ignored. The same holds for government guarantees of credit risk. Hiding costs rarely reduces them. Painful experience has continued to show the opposite. A more stable and affordable housing market would be best served by returning to an originate-and-hold model of mortgage finance. "

http://www.urban.org/policy-centers/housing-finance-policy-center/projects/housing-finance-reform-incubator/mark-calabria-coming-full-circle-mortgage-finance

http://thehill.com/blogs/congress-blog/economy-budget/240014-making-a-fannie-and-freddie-we-could-live-with

"Our current system of mortgage finance is fundamentally flawed. It has not delivered sustainable increases in homeownership. It has not delivered financial stability (obviously). It has left homeowners drowning in debt and driven house prices beyond the reach of the middle class. We should stop driving in circles trying to tweak the status quo. If that means being less pragmatic, then so be it. There is simply too much at stake to settle for anything other than fundamental reform, whether such is politically promising or not."

http://www.nationalmortgagenews.com/news/voices/promising-road-to-gse-reform-weve-been-here-before-1076108-1.html

Smart guys.

Nice post.

Unlikely. 3-5% moves in this stock are the order of the day. The markets are flat overall, there's been a large runup lately, and the volume is normal.

Vet your sources, people.

Your 'work' is certainly visible, but can you call it 'work' if it doesn't?

Long term board readers also have lenses which color their perspectives regarding other posters. When those posters have proven to be regularly negative or regularly incorrect (or both) then those posters are frequently either ignored, or, worse, seen as ridiculous.

Cost containment.

Accounting fraud charges were dropped. Tim Howard's career was effectively ruined.

Utter nonsense. As of right now, the warrants are held to be legitimate and consequently Mr. Sims' analysis was based on the status quo. In the event that the warrants are found to be improper and/or unenforceable the target prices will increase ~5x.

Sims has been in this since the beginning and is one of the most pragmatic voices you'll find.

Yawn. Such nonsense. While my FnF common holdings are "only" up about 100% my pref holdings are up an order of magnitude more. That means >1000%, by the way. In conclusion.... I think you're wrong.

I compiled the initial list (RIP) with about 10 minutes of searching. The fact that multiple others have added to the list supports the veracity of my original conclusions (also sacrificed, alas...)

Plus lifetime medical, the implications of which are staggering.

That's understood, and all the more reason for it to attend.

Can't wait to meet Blew face to face either.

"Maybe you should look for another country in which to live if you hate the United States so much. "

Your tactics of argumentation are those of a 12 year old. Nowhere did anyone say "I hate the United States." We're saying the system has its flaws, the current situation with FnF are the result of those flaws and that we as investors (and taxpayers) are not obligated to sit back and swallow the portion we've been handed when it contravenes the rule of law.

Hope you come to the Wynn when it's over.

Do you have a link?

TIA!

I agree re: Treasonous.

No worries.

"I will probably be attending a couple of events this week about GSE reform, here in Washington. One tomorrow."

Please keep us posted; your in-court report from the first Joint Status Session was invaluable.

I doubt you're serious (about the "Why?" I mean) but just in case:

Because that's what's required to hold onto power.

Yes. The politicians must save face; victory here is being able to say "We tried to reform them, but were prevented from doing so by the Judicial Branch."

No worries- I'd say Ripcord was there first but will concede your point. It really is all in fun anyway; you're normally so far beyond me I couldn't resist having a go.

Good weekend to you!

Ha! I believe sir that you are in error! :)

Ripcord said this, "So for the record...Insiders are not buying shares of FNMA...."

It's ok- you're allowed one per year.

(For the sake of clarity I will declare that I read and respect every post Obiterdictum makes on this board and that this is merely some (very) good natured ribbing.)

Thanks for followup.

ETA: Props to Ripcord for getting it right. Nice DD!

Unsubstantiated postulation; don't get your hopes up :(

A hearing which was to have occurred yesterday in Judge Labmerth's court was postponed; no further information is currently available.

Lamberth hearing postponed indefinitely? Originally scheduled for yesterday..

From the googleboard: googleboardpost

Anyone with more (any?) info?

TIA!

ETA: Whoops- sorry! Missed the earlier post.

"...the bill is not intended to punish Fannie Mae and Freddie Mac or their stakeholders, but rather modernize and improve the existing system. "

Is she reading the same bill as we are?!

"WHO GIVES A F__K WHAT THIS H_CK HAS TO SAY! "

If Richard Bove is a hick (or a hack/heck/hock/huck/hyck) what does that make you?

Your vapid analyses are entertaining; please post more nonsense.

Thank you for the cogent and detailed reply; it was perfectly understandable.

Thank you for the valuable information.

"Please note this is just compensation for the Plaintiffs filing the complaint for the particular series of stock owned or possess during specific periods of time."

Could you expound on that, please? This is the case before Judge Sweeney, and we're hoping she'll order discovery. If this set of Plaintiffs win this case, are there not significant benefits to all shareholders at large?

The Defendants in front of Judge Sweeney formally filed for a Protective Order; probably enough of a negative catalyst for The Invisible Hand to push the price down.

By "upload" do you mean UNload (sell) or load up (buy)?

I certainly wouldn't sell; if you have money and can take additional risk then consider buying.

Here's the filing itself; should give you what you need I think?

http://www.pacermonitor.com/view/X3XKAJQ/PERRY_CAPITAL_LLC_v_LEW_et_al__dcdce-13-01025__0047.0.pdf

ETA: This document is totally worth the time it takes to read (took me maybe an hour).

LOL... the news is good; ignore the selloff.

1) A new big-name investor was revealed (Carl Ichan)
2) The government is now producing an enormous amount of documents as the lawyers on our side requested.
3) In a different court case the lawyers on our side asked for a summary judgement to eliminate the Third Amendment and presented what seems like strong legal evidence for doing so.

All the news is good at the moment.

It's an homage to classical literature- the 'fool' character can serve an important purpose in advancing the author's theme. In this case, the 'fool' is along4zride; if nothing else his/her presence at our victory celebration will bolster our pleasant feelings of smug superiority ;)

(now I'm the fool, hee...)

The role of the fool is important!

Too much risk for you.