is…loving life
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.
I agree, they are subtly building a case for release... within the gov, publicly through the news and recently they passed FOIA that will help with clarity/disclosure for our case. All to our eventual benefit.
I know it may be hard to believe, but things look better now than they have since my initial investment years and years ago. The country needs FnF and the current government knows that better than any administration prior - a president whose former career was in real estate and a head of the treasury that ran a "small" bank (worked for Goldman). They know the intrinsic value of FnF. Helps that they are building their legacy, which is tied to their healthy egos. Personally, I feel they also understand and will uphold shareholder rights..... The icing on the cake is Trump obviously likes seeing the lies inherent in BO's administration being exposed!
FNF will be allowed to recap, eventually will be released and commons will be intact and profit from a healthy gain! I am feeling cautiously confident!!!
I don't know for certain, but I also don't like assuming anything with this new administration, they are too different from anything we have seen before. Also, there are too many unknown variables at the moment for the FnF funds.
Sooo true... it was worth mentioning
So I did re-watch - funny because it has to be the third or fourth time I have watched it, I should be able to recite it verbatim at this point lol!!!
He clearly sates "that is correct THEY USED the profits of Fannie and Freddie to pay for other parts of the government" he does not say we are using... its being used for or we will... subtle but different - these leaders speak with intention and they know what they are saying. The ramifications of miss-speaking is too great. I think his precise words are insights into the current state of unknown and should not be used or misconstrued lightly.
He clearly sates "that is correct THEY USED the profits of Fannie and Freddie" not we are using - that is a subtle but big difference!!!
I took his statement to mean, while "under Obama" funds "were" used for government programs. Not currently.. past or present tense? I will go watch again
New administration and even if Q2 funds sent to the treasury, there isn't any proof Q1 or Q2 funds are actively being used for anything.... Maybe, when a clear path is laid out, there will be a acknowledgement of the 2017 payments being held/used to turn back into capital for FnF. We don't know yet. I personally think Mnuchin wants them capitalized and released - caveat being some reforms to lending standards and practices - which we know are needed. Privatization gets thrown around a lot, but I don't think it is intended as a 100%, I think the gov will still back then in some form. Perhaps more like the days prior to President Carter.
Hey.... I liked it! Or the preferred shareholders could engage in and honest intellectual dialogue that doesn't include personal insults, has real verifiable content and serves a purpose that maybe could work too!
Have a great Friday!
Maybe, however, they are repetitive arguments and the overuse of pumping/trashing (excessive persuasiveness) clouds reality and logic most of the time. We each do our own DD and honestly a board for Fannie Mae Commons, should really be about the company, recent news, NWS, company/stock performance, leadership, conservatorship, etc... not a conversion tool for the preferred share holders to bolster their share price/drop ours. I agree with you, if it we're an honest and pure exchange of ideas but most of the time, it is them telling us how dumb we are or how sorry we will be or how stupid our decisions are... useless droll we can do without imho!
Lol, so true! I like the idea to report them off topic - it legitimately true, it is off topic of common shares FNMA!
True! Agree - it is too much, they are overtaking our board and taking us off topic. Hard to even discuss common share issues :)
Why don't the FNMAS post on that board and not the commons? I don't care which you own & don't appreciate the constant pumping of preferred shares! They have a board set up for just you and Cap and others like you! Hang there and fight amongst yourselves and leave this board to commons with all due respect- PLEASE PLEASE PLEASE PLEASE PLEASE! This is irrelevant irritating and unnecessary crap we don't want to read, need to read! We all have brains and can figure out for ourselves what we want to invest in and why. Please just move to ur respective board
Rek - do u know definitively were the NWS money went after it entered the Treasury's account? It was my understanding we didn't know exactly where/what.... other than Mnuchin recently letting the cat out of the bag on Obama using it for ObamaCare, we are in the dark, correct?
Or he is showing bipartisanship and neutrality.
I will check out what your saying - thank you.... I think
And u know that... how? Come on! Just move to the fnmas board!
But Cap.... he never said he would finish in 2018 and not 2017... ugh man... really.... twisting the words doesn't change the reality. We don't know....
He didn't say that, he said second half of this year...
http://video.foxbusiness.com/v/5420142826001/?#sp=show-clips
Thank you Cap!
How about a challenge, are you up for it? I travel a ton - hence the name... how about you and I try to contact Mnuchin, see who can get a meeting with him and ask some tough questions ? May not work, but better than trashing another person wth no merit. You said I should find out about his past.... u don't know me, I already have researched his past - I can tell your inferring only negative.... I happen to think he actually was caring and did some honorable work in the past! I know his record. Many people bought homes they couldn't afford... he couldn't be God to all, he had to straighten the finances of OneWest (not an easy feat and how dare one judge what they don't know or can't even imagine - if OneWest failed what would have happened to those who were tying to pay their mortgages but falling behind and just needed a little help but went on to thrive - mistakes were made for sure, not denying that - by Star, life is not lived in reverse and there are no crystal balls!) are all Goldman Sachs guys and gals evil... perhaps it is his Ivy League education that offends.. so he is bright and privileged- doesn't make him evil or willing to crush us common shareholders. Honestly, let's each use our networks, work it, and try to get some real answers. I don't know about you, but I am up for it! I am in DC in two weeks, then again in five weeks. I will reach out to people I know and try my hardest - how about you? Let's express our cause rather than bitch about it ? Inform him of the honest men and women who are invested.... Otherwise we debate opinions and information from someone else. Because he is keeping his cards close to his chest - majority of successful smart business people do... you never know who you can trust and you never want to invite unnecessary criticism. That is what he is clearly doing and so many people here want to condemn the man.
Thank you for posting
I think he was setting the stage and gathering support for future actions. Recent court ruling blocking shareholders from suing for back profits, the ruling allowing for more FnF transparency, small bank pressure, now we have Obama corruption with funds from FnF paying for ObamaCare.... all of it combined makes me think we will be allowed to recapitalize, then we shall be released and up-listing (getting us out of the crooked, Wild West, OTC.... land of the dead and dying!!!)
Your nuts - negative peps on this board are so damn transparent... GLTY despite your twisted angles
All time highs for Tesla, Apple, Netflix, Facebook.... ugh - we need ALL TIME HIGH FOR Fannie and Freddie!
It is great, they can't exist under conservatorship! It is true, they cannot continue in this form - they need to recapitalize and to be released
Agree... we should be much higher right now, our story is being told by top administration officials and we can see the light at the end of the tunnel! Corrupt MM's!!! Wish there were ways to hold them accountable
Maria Bartiromo interviewed Steven Mnuchin this morning and directly asked about FnF profits to treasury going to pay for ObamaCare - sorry I hit submit too early on my last post
Maria interviews Twitter - BREAKING: Steven Mnuchin just acknowledged to Maris Bartiromo that money was indeed stolen from the GSEs and used for Obamacare #Fanniegate
Thus we are breaking out and up!
Thank you!
Yes, he is being "political" he answered the question directly first when Maria asked him! It created the "wound to OB administration" - no need to add salt - that never makes the person speaking look good in the long run! He said just enough! Smart move.
Not really, they are building a case in public opinion. There are a lot of ancillary stories coming out to back up the eventual decision to re-cap & release. What it will ultimately look like isn't being spelled out yet. But looks like they are flying two ideas (neither one to wind down!)
What are you seeing - your paste didn't work?
Also could mean privatization of the twins
That is great - I started with 60k shares and traded fluff.... all while traveling a ton, running a business, raising my amazing children... too much to pay close enough attention.... and now only have 40k shares
;-( sad... but hey, still in the game!
Let FnF recapitalize, release and let the support chock hold for small banks end! Thanks Navy for posting
Rick.... are you out there?