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Trading volume today
FMCC. 448700
FNMA. 1078000
HARDLY A SELL OFF PANIC
HERA was constructed and passed through the Democrat House and Senate and sign by a Rhino low IQ President Bush. HERA included an unconstitutional clause demanding both FnF to commit an annual $ amount from their profits to affordable housing. FnF are private companies and constitution does not allow government to extract private property for social use.
No one said Plug was good at math.
Sammy , you hit it on the nail. Yes banks were forced to expand into high risk lending by government on threats gov would halt any M&A bank business for that particular bank for not complying to the law ( Clinton putting teeth into the Jimmy Carter’s Community Reinvestment Act .).
Countrywide became the Private Label Mortgage Backed Security blessed by government to securitize this junk under facade of AAA credit Creditworthy ? When Countrywide was exploding with over indulging in this bad risk , gov demanded FnF to increase their gov required quotas of this risk pool to purchase from 25% to 55% of business booked. FnF where not chasing for profits. Gov demanded a quota .
It became apparent to the banks a new derivite market born from this risk could be very lucrative on bets of a failing housing market. Many types of bets in the derivite markets from payments on interest or principle being on time, late, default. Bets on forclosure etc. etc etc. if a bet could be made it was made. A CAZINO, you choose your bet.
You know the rest of the story.
It appears the meeting is being view negative. Just reading that negative post about meeting of inaction and having these a$$wipes a last opportunity just before oral arguement is the same strategy of old. That may explain the sudden sell off the past week.
IOU’s ? Like those backing Social Security and Medicare funds which gov borrows from and never pays back?
Very strong statement. Hopefully they use in oral arguement.
The Donut has a memory problem or comprehension problem. Or , both! I think what triggers it is words “Trump”, “conservative”, “tax cuts” , “founding fathers” . “Constitution” , “stampeding elephants”.
Vietnam......vacation or military service ?
Guido2 that is a nice on point
summary back to the planning of take over. We that researched this conspiracy know it goes back to Clinton removing Glass -Seagal to empower Wall Street Banks in the business of mortgages. I took this quote from the movie “The Gambler” :
“ You still owe large two places you shouldn’t . Why do you want door number three ?
How else do I get out ?
Time payments.
Sell your sperm.
Sell your ass.
How the heck should I know ?
I am of the Universe, and you know what it’s worth.
It’s worth plenty.
If I give you this money and you don’t pay me back, there are no rules.
You never get to say “ screw you “ to anybody ever.
You will get me not just what you owe from your family, you will get me their accounts so I can have them vacuumed from Russia.
You jump off a bridge , you do it knowing I will kill your entire family.
Do you understand the gravity of your situation ? “
I think he was already in office. Yes many take polar positions on issues after elected. Let us hope he is genuine.
He sounds like our guy .
Agree. The fact is propane is no safer but industries continued to use for decades. 1974 a hell of rail tank car propane explosion in a railyard that killed several injured hundred plus. No one quit using propane. No concern using but maybe more safty checks . I worked at a auto parts casting foundry, drove a forklift with bull ladle to a hugh hot iron furnace that poured hot iron into the ladle from above. A filled ladle is transported by forklift from furnace to line where cast mold is filled and formed by air cooling. So concerns are over exaggerated. The world world continues to turn.
Until it happens , it hasn’t happen. That is a fact.
So we wait till oct 1 to see if expected dividend to gov happens.
She works in the Mailroom????
NYTimes , MNBC , Washington Post , are major MSM. Lots of coverage.
G. Damn you just lost ton of credibility.
HERA was by a democrat House and Senate and Republic Rhino President.
HERA stipulated FnF had to contribute from their annual profits a specific sum dollar to affordable housing.
The definition of affordable housing has changed meaning since 1933. 1933 affordable housing was about liquidity to the markets. Today, affordable housing about cost sharing from FNF profits to provide rents and home purchases.
Providing shelter for poor was handled by government State housing agencies , not singular private business profits. That is unconstitutional but a priority of the left wing.
When republicans steal private property, it usually for causes other than providing for the poor.
Reko you need to step outside the class room and meet the real world. The real world responds to this corruption through out history, it is at the door.
Crisis was caused by subprime ghetto- government policy to appease - big banks compling with government policy - forcing FnF into subprime through alter quota (. Countrywide , Washington mutual, Bear Stearns already filled up }
This article states gov and subprime did not cause crisis. It states clearly GSES at fault.
It is Trumps stated objective to rid of Affordable Housing , stated in his principles. This article is an appeal for affordable housing by attacking GSEs being greedy and should not blame affordable housing for crisis.
The man used affordable housing history reference to support his argument. But he did not mention affordable housing not the same by definition (policy) 1933 vs 2000. Today you have no credit checks, no income verification , etc. to determine payability. You have cost sharing on down payments , expense sharing , payment sharing . High risk . You know the story . You may never worked in mortgage business but being here long enough to make sense of what has been done. So keep you eyes and ears attentive and reduce cunsumption of Costco hotdogs. Healthier for you.
Another hit article. Wasn’t subprime or government policy that caused crisis , it was FnF. What article states.
Is he really EL-CHAPO???
???
That was FMCC CEO.
And it was reported on institutional holders Ackman added 44 million shares.
Not my figures. But if the figure the inquirer provided are true and I used.... the short in f or f should be of no concern.
650 million shares and 10 million short = .0166 short percent
No big deal for Freddie or any stock with that low percent short.
Plug Power is 17 %
226 million in the float and 37,000,000 short.
Hope that helps you sleep better.
Fannie is the real question ? Why so extremely small ?
They are not letting it go until you see some insiders taken positions. Never heard of a rocket without insider share representation.
Nothing new. Attorney gurgitating garbage to entice others to file claim. Funny that residue from hydrogen is water.
Wrong. They get away with what we have allowed. Bad governments have been over thrown through out mankinds history. The gov bleeds just like you and I .
I said no Unions filed a FnF lawsuit. Your miss-understanding
Yes, Bill Clinton signed into law that government employees could organized. Don’t know where you been.
Recent case saying employees can not be forced to join the union.
I can imagine. You can include ACORN and UNIONS. You have not heard from the UNIONS. Wonder why?
California Teachers Union CAPERS was big in FnF , not one peep or one lawsuit. What about government union employees IRAs and 401ks ? That would be local, state and fed. These commie/socialist got taken care of their investments. Sogo , my friend , the country is a shit pool for hogs.
You forgot Paulson meeting with hedge funds front in leak on the conservatory. Nd the naked shorting of FnF into hell. That action is a contradiction to all other action you mention.
Those evils mention started at beginning of cship, 2008.
VERY IMPORTANT QUESTION ..... Did not the NWS agreement HAVE A CLAUSE that stated if anything about this sweep agreement was found to be illegal or criminal , the cship was null void and all money returned and warrants cancelled ? All you old timers remember discussion ? Duh we just had a court say the structure is illegal.
Watt stated affordable housing funds were running out and need for the additional funds. Clearly reported by
MSM.
Has any major news source bothered to cover this event ?
If you bothered to read Judge Willet dissent, most of your characterization is incorrect. FnF were not not not saved. Didn’t need saving . Were and are being abused criminally.
Plug = FC
Nuvera = hydrogen
ROI is greater than 107% because battery room and reduction in forklifts and labor not included in ROI.
What the fk are you blowing up people’s hiny. AIG was a total screw job by GS and Gov. GS sold that crap to AIG under false premise that subprime was good .
Also, under my illustration investor RS would require that 1 remaining share to rise to $980 for that investment broke even. And, you think that was fair because shareholder recieves a dividend ? Not even worth discussing. Since law is corrupt, might as well start stalking for redemption. The end result provides a clear message about violating public trust.
You got it correct. Those who say that split was good deal are really uneducated to how that works or just mentally corrupt. Glad to be of help.