is…loving life
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Lol - Sounds like u have done well for yourself... maybe stick to the fleecing of the little guy... it seems like a more "honorable" career path than Hollywood
No... if your looking, u will find them posting on a similar board but it ends in and "s"
- jk...lol!
He does sound a little desperate... but we have all been there
Are u a song writer ,-)? You have a good voice - keep the music flowing! Music in my muse as well! Do it all day while working away or traveling & I don't have a good singing voice :-p
Have a great day LGOMF!
Hey Brad - with all due respect, no one knows any future plans for FnF with 100% certainly ! Ur confidence lacks proof, not to say it won't happen, but it won't be because you said so. Currently there is no "for sure path". I have been in FNF long enough to know what u think u know isn't what is happening behind the scenes . I have watched countless people on ihub/twitter falsely claim "I know" and "just watch". And they were wrong! Stating ur opinion as a fact isn't right, especially when u carry the weight of respect from others (even if it is to squelch a fellow poster) which btw seemed beneath u until recently - hope all is alright
GLTY
Specific... really? Ur either the most pessimistic person alive or the most transparent. I read a great deal of ur posts and ur not subtle...
Clark... please give it up!
Bill Ackman's group is largest common shareholder (other than Us gov) and they have put forth a couple of suits. Sadly unless we end up with some ethical judges/officials we are All going to have to take what is given. And if good prevails over corrupt... commons stand to gain the most. That is how it works...
That would be amazing!!! Would like to see the plan behind this timeline? Is there anything published or is it inferred based upon current events and proposed future events? Thanks Clutch
We don't know - that is just one of our issues!! We honestly have no idea at this point other than what has been alluded to by Mnuchin that some funds did go to OCare.... maybe they have held some back and maybe not.... with the way our gov spends money, it is unlikely but since beginning of 2017, maybe there has been a plan in motion we are not privy to yet.
Once ur done with the simplest google search u can check out and read the UCDavis law review PDF.... could be fun ,-)
https://lawreview.law.ucdavis.edu/issues/40/2/articles/davisvol40no2_velasco.pdf
Some course work for fun
https://courses.lumenlearning.com/boundless-finance/chapter/rules-and-rights-of-common-and-preferred-stock/
And last but not least.... a "dumbed" down version jic u would like to ck out...
http://www.dummies.com/personal-finance/investing/stocks-trading/how-to-know-the-difference-between-common-and-preferred-stock/
Investopedia could be a good first place for u to check out your question. GSE's are being "held" and 100% profits illegally swept (despite original agreement). Educate yourself or maybe stop being so obviously anti-FNMA either one works!
It would be great if a plan designed to deliver the best win-win could be seriously considered, vetted, and put forth! Anyone ignoring common shareholder rights, ignore the basic fabric of our US stock.
Have a great Tuesday CBS!
Ruudg - CBS is a great addition to the board! Suggestions of banning people from the board reveals ur motives not theirs.
Ur on the FNMA (common shareholders board) and u trash commons..... plans best for us, appear to have a short position.... come on! Really?!?
Let's hope it is specific and give us concrete details and not some high level overview from 40k feet back ,)!
Would be good for us!
I will mark them.... but any idea on when?
I would love to, how do I reach him? Doesn't seem easy to approach... but perhaps I can just call him up? I would have no qualms doing so !
Would be great.... but who wrote it and is it a legitimate bill up for consideration? I can't tell from NSF's tweet. Thanks!
Lol - have a great night!
No true she or he can get caught up fairly quickly by watching this video
https://www.cnbc.com/video/2017/07/25/unsealed-documents-show-fannie-freddit-bailout-details.html
And then read a few recent articles - ignore the trauma we have have all experienced past years
SH - Mnuchin is the credible source linking OC subsidies to GSE's NWS.
....mad man in basement...? I assume Infowars... fair enough, not everyone believes in this form of news.
I completely agree with you!!!
I will go check it out, seeing how sleep rarely happens for me ! Thanks
Sounded like he corrected because light being shed on his affairs and a correction would deflect some of the suspicion. Based on all I have read, I think he manipulated the system - A lot. Doesn't sound like just a few errors to me, and it spanned years.... maybe soon there will be more answers. smile!
I think like most things, only time will tell. Sometimes what appears to be baseless turns out legitimate. Ironically even the recent Harvey Weinstein stuff seemed sensationalized or false back in 2012/2013 appears to be solid facts on 2017. If Corker knowingly broke the law, it will hopefully become clear, very soon - hopefully being the operative term !
Have a great night Rek!
And this one has some more information...
infowars
Anti-Trump Sen. Corker Resigns Amid Criminal Probe
The truth about Sen. Corker’s resignation
Roger Stone | Infowars.com - October 9, 2017
Anti-Trump Sen. Corker Resigns Amid Criminal Probe
Lost in the coverage of the announcement by Senator Bob Corker that he would not run is the fact the senator has been under FBI investigation for corruption because of a series of business enterprises where it appears he used his public position for his personal gain.
In May 2016, the Wall Street Journal reported that the FBI and the SEC were investigating Bob Corker and CBL & Associates, a REIT based in Corker’s hometown of Chattanooga owned by Corker’s former employers turned major donors. According to the report, federal officials were examining CBL’s billing practices and Corker’s dozens of lucrative stock trades over a period of several years, collectively worth tens of millions of dollars. While they have not commented publicly on the case, federal investigators have looked into whether Corker’s trades may have been based on inside information.
Interest in Corker’s personal finances first emerged in late 2015, when the Journal reported on a series of contradictions and apparent omissions in Corker’s personal financial disclosures over the course of nearly a decade. Often, he failed to declare income that he appeared to derive. In other cases, he failed to indicate when he had acquired or sold certain assets. Ultimately, Corker filed amended disclosures with the Senate Ethics Committee, which revealed millions of dollars in previously undeclared assets.
Some of the transactions in question involved CBL, but they were not the only firm with long ties to Corker where he appears to have hidden the degree of his involvement. Corker also invested in two Chattanooga hedge funds called Pointer Management and TSWII, which like CBL were founded by longtime donors and friends of Corker. As with CBL, there is concern—and at least some circumstantial evidence—that privileged information that Corker obtains as a Senator could be used to influence the funds’ investment positions.
Corker’s investments in Pointer were the subject of a recent Yahoo Finance article, which revealed that the fund had made tens of millions of dollars in profit, if not more, shorting the housing market in 2007. Corker was joined in his Pointer investment by fellow Senator Mark Warner. Beyond the unseemliness of Senators making exorbitant profits off of the collapse of the US financial system, the article also noted that Corker and Warner sought to radically reshape the housing finance market in a landmark bill they proposed in 2013. The Corker-Warner bill did not pass, but it has become a blueprint for subsequent proposals to eliminate Fannie Mae and Freddie Mac.
Corker’s controversial relationships with business leaders from his hometown include another key example: Henry Luken. Best known as a communications magnate, Luken acquired the lion’s share of Corker’s failing real estate empire from him in 2006, while Corker was running for Congress and just before the credit crunch sparked by the financial crisis. As a result of the sale of the highly leveraged assets, Corker not only avoided the subsequent calamity, but he was given the liquidity he urgently needed to fund his own campaign: He subsequently let himself approximately $4.2 million, which accounted for nearly a quarter of all his spending, in the weeks before his primary and his general election win, enough to secure him a narrow margin of victory against Democratic opponent Harold Ford.
While one can only speculate about what might have been, it is not a stretch to say that without Luken’s bailout, Corker might not have won his race.
While in the Senate, Corker has pursued a series of agenda items that have advanced Luken’s business interests. He sent letters to the FCC urging regulatory changes that would protect the profits of Luken’s scores of low-power TV stations and broadcast networks. Corker co-sponsored multiple bills that would benefit Luken’s telecom businesses. Corker also spent years as mayor and senator encouraging Volkswagen to build a massive plant in Chattanooga, which inflated the value of several of Luken’s nearby properties.
After Luken took control of Corker’s struggling properties, he was initially unable to find a bank that would refinance their subprime mortgages, which had originally been taken out by Corker. When the loans on properties now owned by Luken were called in, he was only able to secure two six-month extensions, until Wells Fargo agreed to refinance more than $28 million of the debt in March 2010.
Wells Fargo’s lending agreement with Luken, which came at a time when other banks would not extend new financing because of the post-crisis credit crunch, was a huge boon to Corker and Luken alike. Thanks to the loan, Luken avoided insolvency. As the original borrower, Corker likely maintained a contingent liability on the properties, meaning inability to roll over the loans was a threat to his financial well-being as well.
This was not the only favorable treatment Corker has received from Wells Fargo, which he also oversees as a member of the Senate Banking Committee. Days after Corker sank between $2 and $10 million in a proposed Mobile, Alabama shopping center, the bank announced it would finance the project. Wells Fargo has long been the primary financier of CBL, and the firm’s owners credited the banks for allowing them to weather the financial crisis, which also allowed Corker to retain value in his multi-million-dollar investments. Corker invests hundreds of thousands, if not millions, of dollars in his campaign war chest with a fund owned by a former Wells executive named Aon Miller.
Corker’s unusual pattern of highly lucrative foreign stock trades has also raised eyebrows and raises questions about whether he might be exploiting his work on the Senate Foreign Relations Committee. Corker made 92 trades (which were cumulatively worth up to $945,000) in the stocks of 29 foreign companies from January 2014 to April 2014. While some of these firms are well known, many would be anonymous to American investors, such as a French REIT called Unibail-Radamco and an Oslo chemical firm known as Yara International.
Corker’s hold time was extremely short in every case. He sold the stocks after an average of slightly more than three months and held onto none for even five months. The trades were also extraordinarily profitable—nearly 80% were winners. Corker traveled to many of the countries where these companies are located, and as chair of Senate Foreign Relations Committee, he often received detailed breakdowns of their economic issues, include material non-public information that would be high interest for investors.
This willingness to use public office for his own personal benefit which has come to the attention of federal investigators has been a theme of Corker’s career dating back to his first elected position, as mayor of Chattanooga from 2001 to 2006. Critics complained that he changed city zoning and environmental rules to boost the value of multiple properties he owed. Corker also appears to have directed city business to his friends; for instance, under his watch Pointer Management began to manage investments for city pension funds.
Sen. Bob Corker Failed to Properly Disclose Millions of Dollars in Income
Tennessee Republican files amendments to reports going back to 2007; ‘I am extremely disappointed in the filing errors’
Brody Mullins
Updated Dec. 13, 2015 7:24 p.m. ET
Sen. Bob Corker (R., Tenn.) acknowledged years of errors.
WASHINGTON—Sen. Bob Corker failed to properly disclose millions of dollars in income from real estate, hedge funds and other investments since entering the Senate in 2007, according to new financial reports filed by the Tennessee Republican.
Mr. Corker late Friday filed a series of amendments showing that his personal financial reports as originally filed included dozens of errors and omissions. The new filings came after The Wall Street Journal asked the senator’s office about some irregularities in his prior financial reports.
The senator is the third-ranking Republican on the Senate Banking Committee, which oversees the real-estate and financial-services sectors.
The new forms show that Mr. Corker had failed to properly disclose at least $2 million in income from investments in three small hedge funds based in his home state. He also didn’t properly report millions of dollars in income from commercial real-estate investments due to an accounting error. And he didn’t disclose millions of dollars in other assets and income from other financial transactions.
A letter sent to the secretary of the Senate along with the new financial reports acknowledged that the senator’s previous reports didn’t comply with Senate rules.
“I am extremely disappointed in the filing errors that were made in earlier financial disclosure reports,” Mr. Corker said in a statement to the Journal. After the Journal raised questions about the prior reports, Mr. Corker hired an accounting firm to review all of his transactions.
“After completing a full, third-party review, we have corrected this oversight,” Mr. Corker said in his statement.
Under ethics rules for Congress, lawmakers are allowed to invest in just about anything, as long as they properly disclose their personal investments to the public. The purpose of the rules is to allow the public to determine whether a lawmaker has a conflict of interest. The rules don’t prevent members of Congress from voting on legislation that may affect their personal finances.
Senators often file amendments to correct small mistakes and oversights in their financial-disclosure forms, but it is unusual for a member of Congress to amend all of their financial reports in one sweep.
There are no penalties for filing amendments, in part because Congress doesn’t want to punish lawmakers for fixing prior mistakes.
“This is not a situation calling for punishment or admonition by the Ethics Committee,” said Robert Walker, a former chief counsel for the Senate ethics panel. However, the committee could use the episode as a “teaching moment” for lawmakers to “make sure they fully understand these requirements before filing their annual forms,” he said.
Others say there should be some punishment for filing inaccurate financial reports.
“You can’t just disclose once you get caught,” said Anne Weismann, president of the Campaign for Accountability, a nonpartisan organization in Washington that seeks tougher ethics rules. Filing new financial reports “doesn’t change the fact that he failed to disclose properly the first time,” she said.
Ms. Weismann said she would likely file an ethics complaint against Mr. Corker. She had previously filed a complaint against the senator, asking the ethics panel to review his stock trading in a Chattanooga-based real-estate investment fund. It is unclear if congressional investigators looked into her complaint. Mr. Corker worked with the ethics committee to prepare his amendments, his office said.
In several instances, Mr. Corker failed to properly disclose investments in and income from the three hedge funds in Tennessee.
His report for 2014 didn’t include a gain of between $304,000 and $1.4 million in hedge fund Gerber/Taylor.
In 2013, he failed to disclose a gain of between $100,001 and $1 million in hedge fund TSW II. And in 2012, he made a gain of $1.2 million in Pointer (QP) LP, though his previous statement reported income of $100,001 to $1 million from the hedge fund.
The amendments also show that he failed to disclose a 2014 investment in Gerber/Taylor of between $500,001 and $1 million and a 2013 investment in Pointer of between $1 million and $5 million.
In one instance, Mr. Corker significantly overreported income from an investment.
The new financial forms indicate that Mr. Corker was using an incorrect methodology to account for annual gains from the hedge funds. Mr. Corker’s office said the income was properly reported when he sold the assets.
The senator also underreported rental income from his commercial real-estate investments in Corker Properties, a company he founded years before being elected to the Senate. The forms show he reported his investment income after expenses, though Senate rules require lawmakers to disclose gross income before expenses are paid.
As a result of the accounting error, Mr. Corker’s new forms show additional income of at least $3.8 million between 2007 and 2014 from his commercial real-estate holdings.
The Journal’s calculations were made using a very conservative methodology using the low end of the numerical ranges in which senators are required to disclose their finances. The actual numbers are likely higher.
Write to Brody Mullins at brody.mullins@wsj.com
Oh hell... I forgot my link....
https://www.bloomberg.com/amp/news/articles/2017-10-09/bill-ackman-has-his-pick-for-the-next-fed-chair
Bill Ackman Has His Pick for the Next Fed Chair
More stories by Scott Deveau
October 9, 2017, 4:44 PM EDT
Bill Ackman has his bet for the next head of the U.S. Federal Reserve: Kevin Warsh.
President Donald Trump is certain to implement change at the top of the Fed, Ackman said in an interview Monday, speculating that Trump isn’t the type of person to hold onto the previous administration’s candidate. The billionaire head of Pershing Square Capital Management said he knows Warsh, thinks highly of him and believes the former Fed governor is right for the job.
Warsh has positioned himself as the candidate most interested in Fed reform, with experience in monetary policy, crisis management and investment banking. Trump said at the end of September that he’ll make a decision on the nomination “over the next two or three weeks.”
"That will hopefully lead us to that conclusion" - let's get there !!!
You were correct! Hope we keep going up!
Thank you!
Navy - let it go! This is a board to share thoughts/ideas and exchange information regarding FNF and that is all I did (and I qualified the information). U snapped back - fine. But - You don't make the rules as to how to use this site.
Thank you, I agree! U will have to let me know next time ur in CO and we can grab a coffee!
Me too... although still gets me.
Yes please Allergy Season here in CO! Thank you
Thank you I did say I hadn't had a chance to vet. Reason I post very little on SM in general - lots of people ready to pounce ,-)
Have a great week Whip!
Wow navy! I was obviously just trying to figure it out too! And I did follow up with his response! As if no one screws up - but hey thanks for the correction
It was a twitter reply to @donotloose and @Divemate on Friday morning from @freedomlawyers
"I thought that Fannie had a $5b profit for the quarter. If so they didn't take it all-$3b"
Guy came on later and said he was wrong!! Ugh.