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This agreement is very important, what can offer pwc? I think that all they can offer is real accounting. once examined the real accounting freddie, they can focus on what have to prepare at the case against Deloitte.
Everyone is waiting for the courts, but i think that our release from c-ship will come by a settlement and will be announced on aferhours.
¿why is richard perry saying "it improperly diverted more than $130 billion in profit from the mortgage companies to the U.S. Treasury"? i thought 245.6-187=$58.6 billions. what's he want say with this?
Perry is a victim of government's bad faith with a private company
how can affect perry's closing to the appellate? can give to perry a compensation for damages? And the others shareholders?
I don't know, but yesterday the volume of naked short was ridiculous. fnma 72.677shares and fmcc only 100 shares!!
with or without Perry, F & F will remain one of the most profitables companies, earning billions each quarter.
Ask is so thin.... how long they can maintain these prices?
My suspect/question is: what big bank we'll see in those dozens of documents that had been withheld, involved in fanniegate affair? may be WFC? Sweeney will show us...
They have a "remand" and they are searching for a (home run) "reversal". i don't care wait more if we can win the game. the stock is manipulated, it's clear but bears are in retreat, yesterday naked short interest(fmcc 27.477shares/fnma 107.527shares)
Fnmas green, fnma red. we are in a rigged game? obviously the answer is, yes.
fnmas +2,5% ; fnma -2.2% strange, very strange
In this history, one day, we will discover what we all smell: a book business manipulation by conservator with the complicity of PWC and deloitte. for this, they want hide the records and books from the shareholders.
Fnmas ---> +15% :D
If you believe in your words, you can short it now and cover tomorrow ;)
One day, we'll wake up and the price of shares will be too high for small investors.
I smell a settlement and the defendant don't want pay the "reasonable expenses incurred in making the motion, including attorney's fees"
I'm kidding...
I heard another rumor: treasury took all f&f assets and then reduced 5T U.S. deficit on the books.
I changed my fannies for freddies :) thank you shorts for this plus of shares!!
the only logical explanation is the shorts are in retreat
I am of the opinion the government cannot take control of private enterprises without just compensation
judge's rules, like pagliara vs fmcc, that affirm: "fhfa by hera, took all the shareholder rights and the control of F&F". my thought is the same as ackman "I am of the opinion the government cannot take control of private enterprises without just compensation”
I have commons for one reason only, i think the real value of those shares are more high.
clearly the bears are in retreat.
Today Vol. 1.8M shorted ? 96.000 shares
...but any settlement will come on afterhours. I think this case will end with a settlement...ackman think the same. ;)
clearly the bears are in retreat!!
I hope an overrule on U.S. court of appeals, if not, one question comes to my head: What happens in countries where the justice is not fair?
...Another buy 300k at fnma & fmcc my sentiment is, shorts are covering when close the market after collecting all the day. the last selloff brought us at levels more high, before it started. i feel they'll can't cover, everyone is in mode acumulation.
Day after day, recognized experts, from my point of view with neutral opinions, give me the reason on my right investment in shares of f & f. Richard epstein gives his views on the illegality of conservatorship and the third amendment reviewed point by point the illegality of the decisions taken by the government (all endorsed by the conversations and emails declassified by the honorable judge sweeney).
on the other hand, we have the point of view of Tim howard, who know perfectly (by experience) the operation of f & f. dismounting day after day operational reasons of conservatorship, in his last letter talks about the latest stress test as f & f and how those companys would have a much better performance the 33 largest banks. pulling on the floor all the government's arguments about the inefficient economic structure of the GSEs.
Some make me laugh when people like along4ride said that would not pay $2/share. I tell him that I also would not pay $2 for his haircut. LOL
Sentiment is: whales taking position.
i seen this before a big up movement!!
;)
It looks good for a power hour!! ;) tick tock tick tock...the time ends short!!
All this issue (conservatorship, nws, 3th amendment...) smell very bad for fhfa/Gov and seems good for shareholders
I think, the government must move tab before any ruling. if mel watt is smart, he will ends the coservatorship before the judges require him to do so. It would be a very bad image for administration
This argument is not valid because we can say the same about bank of america, citigroup, AIG...and others. In gse's case we can say that this is a risk for get cheap mortages.
Please, read this another analisys from the authentic tim howard.
https://howardonmortgagefinance.com/2016/08/08/far-less-than-meets-the-eye/
With LOW volume they can move the price where they want...but they can't COVER!!
...but you forget the 2.9 billions of net incoming last quarter.