I'm betting on a big sell off this morning. All a matter of my opinion of course.

High School Government class all over again LOL. Good information though, to those who dont know how it works. In fact a very large number of bills never even make it to the senate before they meet the chopping block.

More people need to sign petition stating to restore fairness to fannie and freddie. Do your part and go to White House we the people site and sign the petition.

Petition up to 2267 now

Petition up to 2222 already,

Read this then stop wasting our time with nonsense kid.

On September 7, 2008, the FHFA established a conservatorship for Fannie and Freddie.4
As conservator, the FHFA has taken over the assets and assumed all the powers of the shareholders, directors, and officers. It may take any necessary action to restore the firms to a sound and solvent condition. Stockholders’ voting rights are suspended during
the conservatorship, and both firms’ CEOs have been replaced. Dividends on common and preferred stock have been suspended, although the shares continue to trade. GSE business operations will continue as before; the conservator will delegate authority to the
companies’ new management to move forward. The conservatorship will end when the FHFA finds that a safe and solvent condition has been restored.

LOL, You couldn't be more wrong, I will get article from gov website giving definition of conservatorship, BRB...

LOL, Thankyou for clarifying the count, I got my number from MarketWatch. Should of backchecked them, but yes your number is correct

Petition on white houses we the people site has a petition regarding the govt treating common stock shareholders fairly. If 100000 people respond to it the white house said they will respond. 892 left. If you have not done so yet please take care of it now. if they dont reach 100000 they will remove it

Tomorrow will be fun, theres no doubt about that. The big guys will know what is happening better than we do IMO, I plan to follow the hedges.

No one can say typically common shareholders dont get anything when referring to fnma, name one company that has been liquidated that had over 3 trillion in assets. Does Not Exist

Crazy Crazy, Still down but doing better, got caught chasing at 3.73. almost panic sold.WHEW

This is what im waiting for.


Is a conservatorship temporary or permanent?
There is no inherent duration in a conservatorship. The organic statute or order creating the conservatorship defines its goals, operations, and conditions for existence, differing from the FDIC receivership context, which does not anticipate a return to business. In this case, the Federal Housing Finance Agency has stated that the conservatorship will terminated upon successful completion of its plan to restore the companies to safe and solvent condition (“Fact Sheet – Questions and Answers on Conservatorship”. http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf)

Read carefully, the mission of the conservator is to put the company in a sound and solvent condition and to PRESERVE AND CONSERVE assets




What are the powers of the Conservator?
Per Section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. § 4501, et seq., as amended) and regulations published by the Federal Housing Finance Agency (12 CFR Part 1237), the conservator has three general sets of powers:
First, the Conservator (or Receiver) is the immediate successor to all rights, titles, powers, and privileges of the entity, and any stockholder, officer, or director.
Second, Conservator may operate the entity – including conducting all business of the entity, taking over the assets, and operating with all the powers of the shareholders, directors, and the officers. The conservator may also collect obligations due to the entity, and contract out any function or duty of the entity.
Finally, and perhaps most importantly, the Conservator may take such action as necessary to: (1) put the entity in a sound and solvent condition, and (2) carry on the business of the regulated entity and preserve and conserve the assets and property of the regulated entity.

Is the money made from these law suits used to repay F/F debt from bailout?

35c.... I hope so. Very possible.

I am still holding shares but would prefer this thing to go to below 50c so we can all have the opportunity to load up again. You have to think there are people on the sidelines waiting for there opportunity to buy for cheap like we did years ago.

My plan is to wait till the dividends paid to the gov't equal the amount they borrowed. Then there will be some leverage. IMO

Read the article on the street about Millsteins opinion. Thats what im talking about.