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He's getting married in prison to Maxine Waters
Remember yahoo set price target form .75 to .85 now lol :)
The rules are bad from the start.
Jurys must be experts in finance. Half men half women
The jury should be able to see the full context on tape if asked to review the context of what happened in court.
The judge does not leave it out of context, so let him see in full what happened so as not to be out of context etc
In this case the interest must be an expert in finance. It should be a prerequisite
Thank you Robert you are our light there :)
Robert Thank you very much for your time and updates
So why the courts? It is enough for politicians to substitute themselves for the courts in all matters.
Why have a supreme or lower courts of facade if the law is useless or to be enforced.
Politicians can always remake laws as they see fit.
If they need money, they nationalize companies and there is no shortage of companies with a lot of capitalization that can take and make laws to make it legal
End to the useless courts
Fannnie Fredie never needed rescue
This is demonstrated in the documents that want to keep under lock and key
as simple as that
We're not rich but better if it was for .10
Hehehe
Yahoo increse price target from .53 to.80 FNMA :)
https://finance.yahoo.com/quote/FNMA?p=FNMA&.tsrc=fin-srch
or 10 is equal to me...
I have a truck of them since 2009 that I never sold until the end
let's see how it ends
Yes :))
She will be succeeded by Michael Heid, who worked in Wells Fargo & Co.’s mortgage-lending business for about a decade before retiring in 2016, Fannie Mae said in a statement Friday. The company also announced that President David Benson will take on the additional role of interim chief executive officer, replacing Hugh Frater, who is retiring and leaving the board.
https://finance.yahoo.com/news/sheila-bair-plans-step-down-205823407.html
and about this ???
"Most significant, Fannie and Freddie won’t have to pay their profits to the government until they have much bigger capital buffers to protect the companies against losses. Right now, Fannie and Freddie combined can’t hold more than $45 billion in capital, after which they must pay their entire net worths to the U.S. Treasury."
???????
If that is not important to the courts what will it be?
Justice is needed and even courts must comply with laws, let alone others.
One day we would have the government to take all the profitable companies
Amazon, facebook, Microsoft everything would be confiscated for the good of the government.
Why didn't they do the same with the banks ....?
I agree
If the courts set a precedent and are not fair one day the government will take Amazon Facebook etc.
The government is not a trader simply governs and collects taxes
And yet in this case almost a company publishes bankrupt again and purposefully
She really said that ....?
So I want my dividends equal to 10% treasure
I've been in stock since 2008 when stock were still on the New York Stock Exchange.
Now banks are no longer causing corporate insolvency
Are the taxpayers who put companies in insolvency?
Taxpayers bla bla bla and rip all the money ....
Strange world
you are right. That should not be the way, the courts should not let
the best part:
"What seems to have motivated the court is that the net worth sweep amounted to a serious policy decision about the future of Fannie Mae and Freddie Mac. The court reasoned that the point of the net worth sweep was to block the possibility that Fannie and Freddie could ever go private again. In the court’s telling, this policy goal wasn’t consistent with the FHFA’s powers."
https://finance.yahoo.com/news/hedge-funds-crack-weakening-administrative-182011189.html
Hello Friends all :)
still got mi shares at .27
i Love mi Fnma and mi Fmcc :))
I do not know
But it's a strange fact
The symbols were always present in the NSDAQ OTC
Ah okay, I did not see
Thank you:)
on NASDAQ
FNMA Unknown symbol. You may search for it.
Fmcc too
I can not see
I Agree 100%
The staff here loves gaps bla bla bla :)
And the gaps of 60 down hehehe?
Are they going to be closed?
Like :)
You mean, obumer terrorist.
Merry Christmas to all, without exception
And a Happy New Year
Long life FNMA an FMCC :)
And thanks for all the information posted here.
Buffet and his partner Obama
Mr. Buffett’s Pregnant Silence (or How the Executive Branch is Helping Him Steal Fannie Mae from Retail Investors who Can’t Fight Back)
First, to set the stage, a story from Mr. Buffett’s official biographer, Alice Schroeder, about how Mr. Buffett has a glorious history of screwing the retail investor (I assume the story was included in Snowball to illustrate Mr. Buffett’s keen ability to identify and capture value…I think it emphasizes something else entirely)
“By then, Dan Monen, his lawyer, had joined Warren on a personal side project that he had been pursuing for some time: buying the stock of an Omaha-based insurer, National American Fire Insurance. This company’s worthless stock had been sold to farmers all over Nebraska by unscrupulous promotors in exchange for Liberty Bonds issued during World War I.
The defrauded farmers had no idea that their moldering paper was now worth something. National American was (now) earning $29 per share. National American was one of the cheapest stocks Warren had ever seen.
So Dan Monen, Warren’s partner and proxy, went off to the countryside carrying wads of Warren’s money…He sat on front porches, drinking iced tea, eating pie with farmers and their wives, and offering cash for their stock certificates….Warren kept it in the original shareholders’ names, with a power of attorney attached that gave him control, rather than transferring it into his name.
The brainstorm behind Warren’s National American coup had been more than just price. He had learned the value of gathering as much as possible of something scarce.”
…or he had learned the value of forcefully punching defrauded farmers in the groin.
2. In his 1991 letter to shareholders, Mr. Buffett confessed that NOT accumulating as many Fannie Mae shares as he could was a major blunder.
In early 1988, we decided to buy 30 million shares (adjusted for a subsequent split) of Federal National Mortgage Association (Fannie Mae), which would have been a $350-$400 million investment. We had owned the stock some years earlier and understood the company’s business. Furthermore, it was clear to us that David Maxwell, Fannie Mae’s CEO, had dealt superbly with some problems that he had inherited and had established the company as a financial powerhouse?—?with the best yet to come.
I visited David in Washington and confirmed that he would not be uncomfortable if we were to take a large position. After we bought about 7 million shares, the price began to climb. In frustration, I stopped buying (a mistake that,thankfully,I did not repeat when Coca-Cola stock rose similarly during our purchase program).
In an even sillier move, I surrendered to my distaste for holding small positions and sold the 7 million shares we owned. I wish I could give you a halfway rational explanation for my amateurish behavior vis-a-vis Fannie Mae.
3. Mr. Buffett’s silence regarding Fannie Mae’s conservatorship and the 3rd Amendment sweep is deafening…for a very good reason (or billions and billions and billions of them).
4. Mr. Buffett is very close with Hank Paulson (his banker at GS for many years) and didn’t utter a peep when Fannie & Freddie were put into conservatorship, stuffed like a turkey with $40 Billion of TBTF toxic mortgages (the only balance sheets in town that could absorb them), and saddled with intentionally punitive terms. (Note: the government’s force-feading Fannie and Freddie TBTF mortgage garbage may have helped some of Mr. Buffett’s rather large TBTF investments, no? Pass me my 6th cherry coke!)
FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD December 17–18, 2008 “Mr. Reid (note: deputy assistant treas sec) reminded the Board that the government owning the preferred stock with punitive dividend terms provides incentive for the GSE’s to work its issues out as expeditiously as possible. Furthermore, by design, the warrants were issued not to take ownership but rather to devalue the common stock.”
Note: the TBTF banks were charged 2.5% interest and were not required to turn over any equity unlike AIG, FNMA, FMCC (otherwise known as the “Crisis Patsies”). Just a reminder that Morgan Stanley had already borrowed over $100 Billion by Sept ‘08.
5. Mr. Buffett is very close with President Obama and didn’t utter a peep when the admin/treasury starting taking all of Fannie & Freddie’s profits in 2012 (the gov claims they were in a “death spiral” but knew they were about to return to soaring profitability…come on people). Fannie and Freddie have poured over $260B into the treasury’s coffers since the sweep (really impeccable timing on that sweep admin/treas!)…to be used however the administration sees fit (really makes those deficit reduction numbers look awesome!).
6. Oh, and then there’s this…Berkshire Hathaway’s largest publicly traded holding is Wells Fargo.
7. And Wells Fargo wants Fannie and Freddie dead. “No joke, I once heard a Wells lobbyist say ‘we are going to kill Fannie and Freddie and take over their business.’”?—?unnamed source, you decide if he/she’s lying
8. Louise R, a retired nurse who resides in California, owns 36,000 shares of Fannie Mae common stock, some of which she and her late husband purchased over 25 years ago.
9. Josephine R. is a retired psychiatric social worker and inner-city school counselor who owns 1,000 shares of Fannie Mae purchased 15 years ago.
Note: (Louise and Josephine acquired their shares way before Bill Ackman or Bruce Berkowitz did…to all of the folks peddling the cheap, lazy narrative that this is about greedy hedge funds and not vulnerable retail investors and staggeringly important constitutional issues, shame)
10. Even if it flies in the face of all that we (and especially he) should hold dear regarding the rule of law in our capital markets and country, Mr. Buffett is more than happy to let admin/treas attempt to kill fannie/freddie and screw the retail investors who have owned shares for decades (retail investors can’t afford to fight the gov…you may hate the GSEs, but you should be able to erase the names of the plaintiffs and decide what the subject government actions mean in terms of fundamental shareholder rights and broad, critical constitutional issues)
11. Mr. Buffett’s hoping he finally has a chance to get his hands on Fannie Mae (through his massive holding in Wells Fargo), the missed opportunity he lamented in his 1991 shareholder letter. You know the financial powerhouse (his words) that got away. (Alternatively, there’s always that massive Berkshire cash hoard waiting for elephants to kill…and Fannie Mae’s a nice looking elephant). I wonder how many times he’s spoken with the President about it?
12. So Dan Monen, Warren’s partner and proxy, went off to the countryside carrying wads of Warren’s money…He sat on front porches, drinking iced tea, eating pie with farmers and their wives, and offering cash for their stock certificates…
References: The Snowball: Warren Buffett and the Business of Life (Or How My Colon Looks after 80 Yrs of Cheeseburgers), Berkshire Hathaway Chairman’s Letter 1991 (So So Folksy), FASAB Minutes 12/17 2008 (Oh Sh%$ There’s a Transcript of this?)
https://medium.com/@ckc12_rb/mr-buffett-s-pregnant-silence-or-how-the-executive-branch-is-helping-him-steal-fannie-mae-from-2da98571286c#.v91mfas7s