Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just lurking around, watching and waiting. Seems like forever since we made the trip to D.C.
Very true! Have been in this stock since 2008.
I brace myself for some kind of comment every year when my tax guy sees my investment portfolio, lol, but I believe in the value of these companies.
Having faith in our government and justice system has been more challenging. I’ve had some sleepless nights on this rollercoaster ride.
I’m more hopeful now than I’ve been in a long while. To see these companies overcome the obstacles placed before them by the greedy and manipulative will go a long way toward restoring my faith in our system.
GLTA my fellow journeyers in this saga!
Yes it is, my friend!
Hey all my old FNMA/FMCC investing friends! Still hanging in there since way back. Good luck to us all in seeing the returns we’ve hoped for all these long years!
Same here CatBirdSeat! Thanks for the info. This board has gotten tiresome. Hate it. It was great at one time. Always good to connect with a fellow Texan and IU DC'er.
Thanks! Looking forward to it!
Yep, they are tiresome. I don't read nearly as often as I used to.
Thanks Joseph S. Good to see you.
Been here for a number of years but don't post much anymore. Curious about why a number of our long term regulars have vanished in the last few weeks. Is there another board somewhere?
Ouch. Volatility may still be a friend to some of us
Still here, lurking every day! Long since 2008!
Really? ANNUAL studies on ending the conservatorship? That implies year after year....good grief...
Beaumont
Prayers on you and your family's behalf going up!
And once again, weirdness occurs at the time of earnings release. Didn't think it would be this kind, though.
LOL, I forget...I'm CST
Holding pattern till hearing today?
Just went through the same scenario. Was laid off after 14 years. Thanks to my severance package and my financial preparations beforehand, I am going to be able to engage in full time trading. Will spend the slow summer period reviewing Clay's videos, refining my skills, and fine-tuning my home set up. Not as lucky to be adept as PennyMann on a smartphone!
Your post is very timely for me and I marked it a keeper to re-read in days to come when the going gets rough. Best of luck to you in making your dream a reality. Thanks for sharing your experience and thoughts!
Why obit...you are witty as well as brilliant? OK, I am totally smitten with you.
Yes, I saw that too. Wondered if anyone else did.
I met with Merkley's staffer in DC (Investors Unite) and wrote letters to him and to Elizabeth Warren.
Really like this. Would like to add it to the arsenal of letter templates I am building. Planning a weekly barrage of Congress
Called Sen Coburns office...they say the phones are ringing off the hook
Had to email Sen Schumer...his NY office transferred me to the same line I got a busy signal on the first time
Working on Warren contact info to send an email and call
Industry...VA In Houston utilizes about a third if their beds too. Healthcare is undergoing a fundamental change...evidence-based practice mandated, value-based purchasing, tighter regulatory requirements with smaller staff and sicker inpatients. Northern hospitals in major medical center areas are farther along in the transition, but everyone is going through financial trauma that accepts Medicare and Medicaid. Hospital systems who do not accept government monies can be more nimble and are less constrained by regulatory requirements. What Medicare and Medicaid do though is soon followed by insurance. The future is murky.
Wow, thanks! Haven't been to Chatanooga since I was a child on a family vacation. Loved it there. Looks like for the foreseeable future I will remain in Texas where most of my children and family are. Having been through 2-3 major hurricanes as a nurse, my heart goes out to all in major disasters. Water and sewer issues, air supply, plans changing constantly as situations changed. We had to put some our patients on military transport to places all over the nation. Many sad stories and also many inspiring ones...patients and staff. Nurses were working without plans to leave knowing their homes were flooded or destroyed. My husband and I evacuated with an ambulance convoy from all over the US to take care of our transferred patients in the next hospital. We had more notice of hurricanes than tornadoes though...tornadoes much scarier.
Always love a good sense of humor! And to clear up any misunderstanding...it's MIZ Redsolocup. Red or cup is fine tho...just don't expect me to fully join in on testosterone-laced interactions/comic moments. I don't offend easily tho.
I'll have to acclimate...slightly different convo flavor here...but I like it.
Data abstractors, and I am/was an RN In the Quality Improvement Dept. I don't have knowledge of who else got the ax...came at the end of the day and I have not been back. Layoffs are based on departmental productivity financial calculations. They looked at services across the board, though. Will go back and turn in my keys and will find out...there have been some new freestanding ERs and surgery centers open recently for private pay only (no indigent care, no Medicaid/Medicare). Reports are that they are doing quite well. Victory is the name of the system for one of the surgical centers...
One of the reasons the data abstractors got laid off was a medical record mining software (Midas) that they have great hopes of for doing the abstractors' job of combing the medical record for value- based purchasing elements. More complicated than it seems, and hasn't been successful till now, but my boss is pretty young and inexperienced with our system. Not sure he realizes how difficult the integration between Meditech and mining softwares is. They overlaid the 2 abstractors duties on top of 2 other full time nursing positions...those poor nurses! Basically each nurse will have 2 full time jobs until the kinks are worked out, if ever. Reimbursement is tied to those elements and the nurses don't fully understand what is involved/required. Glad I am not there to see all that go down!
Hi Legacy Board,
Thanks Bruce for your kind invitation. Hope I can help. Not familiar with this board yet, so will look around.
Certainly! See you there
There are periodic waves of them going on as the census in hospitals shrink. My 2 campus, 600+ bed facility keeps a census of about 225 now. Less money ( thank you, Affordable Care Act) = fewer employees and those that are left are stretched way too far. Also there are lots of freestanding ERs, day surgery centers, labs, imaging centers, etc., cherry-picking patients from the big facilities. Hospitals will be basically critical care facilities (sickest of the sick) and ER/Trauma centers unless they can get real smart and joint-venture lots of stuff fast. Moral at my hospital was terrible before the layoffs...I'm sure it's no better after. Some healthcare businesses are probably good investments...if they are private pay based
I'm Platinum. Just got layed off after 14 years at my hospital job, so c'mon Fannie and Freddie! Help me not go back to work!
Thanks Hack. Really appreciate the time you put in on this. A keeper!
Thank you!
Glad you found it useful!
Love that passion...ver compelling
I have to give credit to Catbirdseat and a couple of others who generously shared their letters...was able to choose a number of elements from those to compile my letter...the Argentina bit came from from him.
Please feel free to use my letter as well.
FnF forever!
Thank you...a bit out of my element writing and dealing with senators, etc...healthcare regulatory agencies are my comfort zone
Letter to Senator Merkley (via his legislative correspondent who I met with last Wednesday)
Good Day Ellen,
Thanks for taking your time to listen and bring our concern to Senator Merkley regarding the Treasury’s illegal sweep amendment and recent concerns regarding the Johnson Crapo bill that will harm common people and shareholders like ourselves. Those of us who came to Washington this past week are concerned about essential property rights and future implications of the proposed legislation and unlawful profit takings currently being allowed. The GSEs represent a vast number of owners from across the nation and include individual shareholders as well as police/fire fighter/teacher pension funds.
This is a very sad saga for shareholders (property owners) of Fannie Mae and Freddie Mac. Yet, we believe in our country to ultimately make just and fair decisions. We expect that our country’s government will ultimately respect the laws and protections that were put into place to protect property owners . The 3rd amendment sweep of company profits without shareholder (property owner) compensation is unconstitutional. It should be stopped immediately. The government warrants for Fannie and Freddie stock should be cancelled. The companies have earned the right to be released from conservatorship. More money has now been paid into the Treasury than was extended to the companies during the financial crisis. The companies are generating billions of dollars in profits
It is ironic that even Argentina's government recently agreed to compensate Repsol's shareholders about 5 Billion dollars for the stake they expropriated. We remain positive and hopeful that the United States rule of law will be respected, and law makers will recognize us.
Fannie Mae and Freddie Mac are systemically important companies. America is been one of the very few countries, and possibly the only country, who offers so many of its citizens a real opportunity for home ownership. It is our belief that the basic structure of Fannie Mae and Freddie Mac has been tested and proven successful over decades. Sadly, the companies had vulnerabilities that were exploited by the banking industry, resulting in frightening economic instability. Over the last 4 years, they have worked very hard to improve their business and are essentially reformed. Tellingly, it is the banks who are getting sued for wrong-doing and not Fannie and Freddie.
We believe the best solution is not to do away with these bedrock and uniquely U.S. institutions, but to reform and build them into even stronger companies using the lessons learned through their recent trials. . We honestly care about these companies and believe in their mission that has been carried out for decades. We would even like to offer our help and input in building a stronger housing finance system. Let's not demolish, but remodel and restore, Fannie Mae and Freddie Mac.
We look forward to hearing from you soon. Thank you for your time and consideration.
Sincerely,
Redsolocup (insert real name)
U.S. taxpayer, registered nurse, mother of 5, Fannie Mae and Freddie Mac shareholder
(Haha...my grown kids would be horrified to know that I use Redsolocup as a boardname....makes it even better)
Gotta love a diagram!
Implication, while you could say what you say in a lot fewer words, the journey to the meaning is always entertaining.
4Duxs can you PM me your contact info? Be glad to help.