the price is the price is the price
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Mark Calabria Tape Bomb Out, Ouch
We will never get anything now. He wants all home loans to be held on bank balance sheets and for legacy Fannie to have 10% capital, etc.
He is old school like Jeb Hensarling. Now he will tell Trump what to do. Looks like Peter Wallison and Ed Pinto win out
Wow! Is this where all the winners are! Can I bunk up with one of you guys for the Vegas trip?
It is too late in the credit cycle to unleash these liabilities. Housing prices have nowhere to go but down as interest rates rise and more and more of the middle class is eliminated by technology and automation. Most likely we will have to merge Fannie into FHA and create massive public housing facilities for the growing impoverished class.
Jeb Hensarling says we must end Boom Bust Bailout
thanks I will dig deeper. what peeked my interest that this thing could be more than a pump n dump is that Gator carries a position and advertises that fact.
these days I tend not to speculate on P/E expansion or earnings growth.
I really only have an appetite for cash flow where I know I'm going to be getting paid well, no matter what the stock or security is trading at. I will speculate on financials that trade at less than tangible book value that have positive cash flow. If a company has to retain all earnings just to stay in business and carry reserves for future liabilities, then I don't have much of an appetite.
what is this worth in your opinion? I'm looking at these strategic presentations, and they are crazy weird. I'm not bashing. Honestly trying to figure out if this company is viable and has value.
http://phx.corporate-ir.net/phoenix.zhtml?c=198015&p=irol-presentations
fyi, fannie mae doesn't own mortgages
I'm friends with Mike Stegman, aka Deal Agent Replacement
when I owned this, I stopped getting paper brokerage statements because I was so embarrassed that my friends and family would find out that I had my money in a conserved company.
We shareholders are like the cleveland browns fans that wear dog costumes and brown paper bags
Bid/Ask Spreads on pfd are disturbing. Not sure what is real and what are machines trading back and forth in different accounts for the same benefical owner or fund. I'm just sayin I don't trust the prices.
Try to buy at bid or sell at ask and let us know if you can?
As Billy Balogsne would say, your gse opinion and $5 will get you an extra tall pumpkin spice latte in the Beltway! Bill says all this as he sits back in the ivory tower of a well pensioned retiree! Oh I dream to be him one day!
http://malonigse.blogspot.com/
Berkowitz in trouble with Sears and Perry liquidating. They want a resolution asap. Time decay is killin them.
I think Hesarling and company will continue to say that Fannie poses a credit risk theat to the USA and will never allow a common shareholder base in the companies again. Think republican ideology over rule of law.
Continued delay delay delay by republicans who throw up over the idea that these companies use the US taxpayer's credit rating to pay guys like Franklin Raines and Bill Ackman massive fortunes.
I have no position. Too much risk. Too much more delay delay.
Mnuchin will look to settle with preferred shareholders and hand over the platform to Goldman Sachs and co.
common shareholders shouldn't expect any favors from hedge funds, goldman sachs, and republicans.
Common shareholders must unite against Berkowitz and Perry! They want to dilute us to nothing!
Preferred shareholders want to give away the warrants and the company!
They just want 100 cents on the dollar settlement!
They don't really care about affordable housing or Fannie Mae!
They are just basement bottom feeders! Hedge funds!
It is us common shareholders that really care about affordable housing and Fannie Mae!
We must fight these hedge funds!
Common Shareholders Unite!
Pfd shareholders will settle for par with government and common shareholders will probably get zilch. IMO. Mnuchin only cares about pfds and paulson & co.
The commoner board has been admonished and slutshamed by moderators!
Our board keeps going strong!
We the best board!
good news for fairholme / berkowitz / fairx is that Sears and sub-companies only make up 15% of his fund now. otherwise he would have a problem and his gse movement would be compromised.
Go bruce baby!
Everybody troll Dave Stevens and the MBA! He wants to steal our cheap shares!
Love Letter from Derek Pillecki to Me and You!
http://www.gatorcapital.com/Media/Default/Private%20Funds/20170120%20GFP%20Year%20End%20Letter.pdf
We are special Fud I tell you!
good discussion, the philosophy of money, shelter, and health are very important to the markets and Frannie.
Unfortunately, we don't live in an Agrarian society where one can live off the land and God's grace.
We have to work for dollar bills to pay for food and shelter, just to get by. That is not an option for a healthy, free male
In this market most have to borrow money from banks to pay for their shelter. Unfortunately that is the system we are given. I can sometimes understand Liz Warren and the Rigged Game comment. We are institutionalized slaves when we borrow from banks. The American banking system will come after you without end when you default on your borrowings. It is brutal.
Hard to find forgiveness when you feel like you are constantly under attack in this financial banking and insurance game.
Similar to living on the coast or in Israel, you are always waiting for the next hurricane or suicide attack.
I have found that coming to accept that like a Jew, I will always be under attack until the end of time, has given me peace that there will never be peace.
That is just a new theory I have been working on, but I prefer other forms of thought, philosophy and religion.
Try reading The Double and The Gambler by Dostoyevsky, they will freak you out.
Part of the reason that I alway post the negative on Fannie and Freddie is that I know that these companies will always be under attack - that makes them nearly univestable. I don't need to post any positives on these companies because everybody on these boards already does that. Every investment/trade has both positives and negatives! That's what makes the market.
question for catholics, are we in purgatory or hell?
seriously dude!
did he wink when he said "no recap and release" to Mark Warner? I didn't see it. He also said never again will private s/h get the upside with taxpayers "Holding the bag".
that's what I saw. watch the replay.
gonna drink a case of keystone and hope I pass out quick
heads we're screwed, tailed we're screwed. the life of us retail bagholders
Charlie Gasparino confirms no recap. We are walking dead shareholders now
Mnuchin "No recap and release" told directly to Mark Warner. Sell
Mnuchin "No recap and release" told directly to Mark Warner. Sell
Crapo and Hensarling are kissing Mnuchin's bottom. Scary.
They are all ready to give this cash cow to Goldman and Morgan.
Fox in the Henhouse Ladies! LOL! Goldman Sachs!
First I got dementia, then Steve gave me a reverse mortgage, a few months later they took my home and threw me on the street!
http://www.cnbc.com/2017/01/19/new-york-probing-reverse-mortgages-at-treasury-nominee-mnuchins-ex-bank-source.html
This is bad boyz!
Mnuchin will give away Fannie to Goldman Sachs!
Just say no to Goldman Sachs!
Buzz Kill!
1, 2, 3, 4 Let Private Capital in the Door!
Mark Calabria says We should lower conforming loan limits to discourage people from taking on too much debt to buy homes that are too large for them and that they cant afford. It is also good for the environment for people to live in smaller homes. Fannie Mae encourages bad behavior by getting people to mortgage their lives away.
Stop it, shame on you for turning this into a Bangkok Pong Show
Frank Fosco would be the perfect replacement for Mel Watt
We should all write letters to Trump and Mnuchin urging them to appoint Mr. Fosco
2017 is the year of Shitpotle and the White Boy!
http://www.investopedia.com/news/bill-ackman-eases-new-year-vrx/?partner=YahooSA&yptr=yahoo
Good Mawhnin Fellow Dorky White Boyz! We are up!
We are all fugged game is rigged for us to lose