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Hilarious mid-day yesterday the entire board: "What the F is happening right now please"
NEWS OUT: Fannie, Freddie may write down $21 bln due to tax cut -BMO
Reuters ReutersMarch 31, 2017
NEW YORK, March 31 (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.
This significant writedown would result in the two agencies, which have been under conservatorship due to heavy losses from the housing market collapse more than eight years ago, to borrow nearly $17 billion from the U.S. Treasury Department, BMO's head of fixed-income strategy, Margaret Kerins, wrote in a research note. (Reporting by Richard Leong; Editing by Jonathan Oatis)
Ever since Corker was passed over by Trump for Secretary of State he has become a critic of trump's actions pretty much across the board. And we've clearly seen how trump deals with critics. The rest on that letter are Dems, save crapo. Letter is a plea against something ALREADY IN MOTION FOR TOMORROW. IMO.
1000% EXACTLY RIGHT ON.
The corker warner bs is barely even worth discussing. Same tired news from the sidelines. It's not even news, it's a letter. IMHO Mnuchin and Watt will act tomorrow in favor of GSE capital retention.
Yes it is, and ANY change tomorrow up to and including suspension of div payment is 100% upside.
BIG BUYER JUST NOW. And pls disregard fake news out there folks.
Tomorrow is the
MNUCHIN SUSPENDS FANNIE MAE DIVIDEND PAYMENT EFFECTIVELY ENDING NWS is what the headline will most likely read, or something similar ; )
Looks like Wegmans will be Fannie Mae's anchor tenant in their new HQ, just blocks from Trump hotel.
Get some.
Nah, sweep is over--Thursday announcement. You heard it here first! Just my opinion folks. It'll happen that way or it will delay/no div payment and news ah about it Friday. One of the 2. JMO
That's purely from a technical standpoint. My timeline in the near term is more bullish b/c convergence of recent events in large part. My overall thesis remains bullish as it was 4 yrs ago.
This is going to stairstep up over three by I'd say mid day wednesday $3.18ish. Again, just my opinion. Shorts love to take down Fannie spikes but buy pressure is moving differently now and for good reason. I had to wait for confirmation today and I got it.
What I mean by that is he's been marginalized. Even if he did matter it would be a positive for longs. IMO of course.
Watt doesn't matter now.
$9.76 pps target for Friday at the open $FNMA #jmo
Long $FNMA $FMCC *Do your own due diligence, nothing I post here is investment advice, just my opinion.
Back in $FNMA majorly at $2.65
And do you know what happens to speculative stocks with billion dollar floats on a down day market wide? Yes, me too, but watching VERY CAREFULLY here. I'm a fan of Fannie folks. Hi, I'm hedgemyride.
Remember when trump paraded Romney around at that 5 star restaurant before he gave him the boot? That was low. But volume right now is lower than that.
Volume lower than a June bug in July! We should be at eleventeen already, imo.
SLINGSHOT ENGAGED.
Pretty f*cking major accomplishment for a movement that was written off as the tin foil hat crew.
And there it is.
Pretty sure he added Arnold mid to late 2016 lol. Might have been earlier
Here's the thing – – FOXNews just gave investors unite legitimacy. Of course I follow the same narrative, but I'm saying that's a major major event. I had to go back and look at it twice .
Perfect short trap set. Even though short volume slightly down it's still 18%-- they fake the fade all week to make it look like it's laying down, drop out this narrative starting with Maria after hours, and then jam it higher Monday to crush any remaining shorts that held on. Bong bong.
Lotta stuff going on right now, lots o stuff indeed.
Holy Sh*t Maria's tweet is really being moved along. And by no measure a coincidence, believe that.
HOLY CRAP. That's actually pretty big man!! Dang
Watch this slingshot back over $3 before close lol. Being pushed down and not as successful as they hoped I promise you.
It's down 3% give me break. Fake downside bs. Closing green
When's the last time anyone heard the words "wind down" ...exactly. Narrative has changed. NWS and eventual release. I know, whale balls knows, navy knows, the American people know, Arsenio Hall knows..whatever happened to arsenio? Follow this for 5 years and then you can come back and tell me what you know about this lol. No time machine? Better start reading.
More evidence I mean news out TONIGHT via Bloomberg. Except: "Freddie Mac is considering backing loans that finance single-family rental homes for the first time, mirroring a controversial transaction that Fannie Mae disclosed in January, according to people with knowledge of the matter.The company’s regulator is looking to allow Fannie Mae and Freddie Mac to experiment with a limited number of transactions, to better understand if the U.S.-backed housing finance companies should be allowed to do more, according to one of the people, who asked not to be identified because the matter is not public. A spokesman for Freddie Mac declined to comment, as did a spokesman for their regulator at the Federal Housing Finance Agency."
BLOINK!!! ; ) watch this. Bout to start calling this out in real time. $FNMA $FMCC
That .50 cent court news drop was a pimple fart compared to the speed with which institutions pile in this when Fannie keeps that div payment. Goodness gracious. Lot of broke short "pros" in the making. Mark it.
Conditions in place for massive squeeze. Knife fork napkin table cloth. All that set baby.
Fannie follows the Dow. True test is 36% short and holding support. Just wait my friend. IMO.