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So big waste.i may back later but the darkest time may come first.
sold all my holding yesterday.12 years is long time but I have to say byebye to fnma now.
I guess nothing.
you don't know the financial crisis caused f&f down in Bush adim? you know nothing about it and how China helped US.
guys buy as much as you can now.
His job is done. He is retired with lot of money.
it is asking time now. Buy and Buy again.
I bought the stock at 2007 at 1$.The next year it droped to 0.10$.I keep it till today.But I sold most of my 200,000 to just 20,000 share because I had to buy my house. 13 years past, I still believe it will go to 12$ ~ 20$ finally.Go fnma.
You got a good news and bad news.The bad news is F&F down 60 % from the recent high because the big boy knew what is going on with SCOTUS and want to take a advantage from you. And the good news is the F&F already down 60% and you knew the reason finally.Sell the good , buy the bad.That is what all we can do but not all of us.
You are very right about every thing you said. But there is one thing more important then money that is faith.
I have faith that the us gov't can not take our private property without pay.Other wise foundation of the law and the country will gone.So I dont care some of my money lost in here because we will lost a great country.The country will died for his greedy.I am not sure what the result will be but I will go through with it to the hell.
Easy. Big boy want more common and had enough preferred.
It doesn't matter. We experienced many times before. Drop 80% a day many times and we used to it.
$5?NO one. I care about $12 or $24 only.
You are totally right.I was wrong and apologize to misestimated the fall this time last friday but it is still a shake like usual. Load and hold tight.
Yes.You are right. I believe those greedy and crupt Obama and other politicians will be punished by law for their criminal theft of F&F eventually.It is just matter of time.
You are wrong.The big boy want to you think this way so they can make more money.Dont even think anything.
Obama and Corker failed passed a law to wind down F&F although Obama said he will do it and every time he opened his damn mouth F&F share price fell down about 30%.
I believe you knew the facts but you wanted to misleading others. What Obama and Corker did to F&F is criminal not only about money.
I just dont get it if you killed a ennosent man by a mistake you still will be charged for guilty. But a government killed a million people by a same mistake, they can just say oh I made a mistake and no punishment at all even no need to say sorry and correct the mistake?
I dont believe what Obuma adim said in court about they just misestimate the F&F and economic situation when they illegely take all F&F profits but they knew they are theft and guilty. Even they are really didnt know any thing, why they are still containue their theft? I am shareholder of F&F since 2007 but I never heard any appolagize from Obuma and TD adiministration till today.
How about the courts and congressman? They are same, and should feel shame too. America is not great anymore. How can you respect a thief stoled 100 billion from work hard American people and retirement founds.
Blood money will not give Obuma and currupt politicions happyness.
so why you are here? got payed for lying every day? as long as you are here the only thing we know is F&F is ok.thanks.
You say ate an apple but not food.Do you really understand what you talking about?
We know what would happen today. The battle is not over. Abama was so, and now the DT. Whatever they say, they just want the money and dont care robb and theft. We know what the Politican mean, they are all same.
It was same price when I bought commen at about 0.25 so as preffered.Now preffered is much higher than commen but I guess it will become same price in some day as before.
Who is FHFA official Bob Ryan ? Any one care what he say any thing?
US need to make a settlement with shareholders. I bought FNF since 2007 and never want to sell it even it drop from $1 to 20c because they put them into conservership and made the 3rd amendment. I want to see this battle get thru to the end.I never gave up in Obama 8 years and I am still long until the US correct their theft and robbery. They owe me a apologize not only money.
The thing is every one know what you said but so what? Sell common buy prefer? Nonsens or stupid.
US wants money from FnF. Obama knew what he did and same as the current admini.But I doubt they can do it ferever. Every one know the game now. We are watching and they know it.They know they are theft and criminal.
It will back, I never left. 10 years past since I started buy M&M and many things happened but I hang on and on. I believe our share holders will win finally.
When he say white, you know it is white.
When he say sell, you know you should buy.
When the Blue appear again, you know it is not sky.
Be wise and stong, you can beat the big boy.
This time, let's go to $6 first and more next year to $12.
This is bottom. Buy as much as you can.
Good point.
trunkmonk Member Level Thursday, 03/05/15 01:00:43 PM
Re: None
Post # of 291360
March 5, 2015 Investors Unite, I could not have said it better.
Politico is reporting on remarks made by U.S. Treasury official Michael Stegman at a Goldman Sachs housing finance reform conference earlier today.
Stegman, a housing policy counselor, reportedly said that "recapitalization of the GSEs and draws against the existing Treasury backstop due to future losses would come at taxpayer expense." He also said that "simply returning these entities to the way they were before is not practical nor is it a realistic consideration." Stegman also delivered his now-familiar refrain that it was up to Congress to decide what to do with the companies, and that the government was "looking for new ways" for private investors to play a larger role in housing finance.
We're encouraged that Mr. Stegman is finally being forced to address critical issues related to the undercapitalization of the GSEs, and how the government's illegal Third Amendment Sweep is actually exacerbating this problem taking all of Fannie and Freddie's profits. But as it has been in the past, his analysis is wrong, and in conflict with HERA, which is the statute that actually governs the conservatorship.
Let's review:
1. Recapitalization and Future Draws: Fannie Mae and Freddie Mac have paid back and then some the taxpayer loans they received in the wake of the 2008 financial crisis. To date, Fannie and Freddie have sent $228.2 billion to the Treasury – that is $40.5 billion more than what they took in draws from Treasury. By not allowing them to rebuild capital, and by illegally diverting 100% of their profits to the Treasury each quarter, the government is violating HERA, and IS actually putting the taxpayers at risk from future draws. .
2. Returning to the Way Things Were: This is a straw man argument, because nobody is advocating a return to how things were. Fannie and Freddie needed to be reformed, and they have been. Any future reconstitution of these entities would incorporate needed reforms, including adequate capital levels.
3. Congress: Stegman has repeatedly claimed that it is the responsibility of Congress to decide what to do with the companies. This is not inaccurate. Under the Housing Economic Reform Act of 2008, Congress named the Federal Housing Finance Agency as the conservator over Fannie and Freddie. As the conservator, FHFA has certain responsibilities, one of which being the responsibility to return the companies to a solid economic position that helps ensure their long-term viability. Under this law, FHFA has the ability to let the GSEs begin rebuilding capital and also to end the conservatorship. We refer our readers to this paper from Michael Krimminger and Mark Calabria, who were instrumental in the drafting of HERA.
4. Private Capital: Re: Stegman's comments today that the government was looking for new ways for private investors to play a larger role in housing finance…Why should private investors be interested in this, when they have been burned by the government's illegal Third Amendment Sweep? Mr. Stegman, capital follows the rule of law, and the government broke the law when it decided in 2012 to take all of Fannie and Freddie's profits going forward.
Policymakers are debating what to do about Fannie and Freddie, but we have a GSE Reform law called HERA. Right now, HERA is being violated by the Treasury, and it was violated by Director Watt's predecessor Ed DeMarco, who famously admitted to this at a Washington policy conference last year . It's not too late to reverse course. FHFA can begin rebuilding capital at Fannie and Freddie now, and has the statutory authority to do so under HERA. This would be a good first step.
We do not care. I just think it is about justice and law no matter what the fight will be.If you are right about what you say, the US will be a joke. Do you ever think about it?
Housing: Administration must save dream
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23 hours ago(5) Comments
Last December, the Obama administration claimed an impressive victory, boasting that bank and auto industry bailouts had netted a $15 billion profit for the taxpayers. Now it is time to claim an even greater victory.
The GSEs (Fannie Mae and Freddie Mac) borrowed $187 billion from the Treasury and have since repaid $225 billion. The administration may rightfully claim that they made a $38 billion profit for the taxpayers, procured for the taxpayers 79.9 percent of the common stock of two of the most profitable companies in the world, rescued the GSEs and saved the housing industry.
But if the administration wants to claim an honorable victory, it must act quickly. Recent shareholder lawsuits have begun to shine a light on all the nefarious back-room dealings between the administration, Treasury and the Federal Housing Finance Agency.
The FHFA is supposed to act as the GSE conservator and is required by law to “preserve and conserve the assets and property of the regulated entity.” Yet the FHFA was criminally negligent when it inexplicably agreed to turn over all future profits of the GSEs to the Treasury. This one-sided agreement (known as the third amendment sweep) is the antithesis of preserving and conserving assets. The sweep is a taking of private property. It is unfair, unconstitutional, and destabilizes the housing market putting taxpayers at risk.
And now, President Obama has invoked executive privilege 45 times in a last ditch effort to hide his dirty dealings and to keep incriminating documents out of the Court of Federal Claims and hidden from the American people.
President Obama, it is time to end the cover-up and do the right thing for America. End the sweep, end the conservatorship, honor the rule of law, and save the American Dream of homeownership.
Link Neimark,
Do you have any profit? I think you short at 0.20 How can you make profit?
What happend?
Haaaaaa~~~
This is the most important fact found till today. Thanks!
can not post?
Lens cleaner Gold
Guys,When Blue say this, you mush do opposite.