the price is the price is the price
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New Fannie Garbage Product allows Banks to sell to Fannie w/ no reps and warranties
Sweet Deal.
Fannie fighting for its life with this one
Only way to stay in business is to buy junk and prostrate to banks and taxpayers.
http://www.fanniemae.com/portal/about-us/media/corporate-news/2016/6467.html
Wise man flushes toilet so he doesn't stink up home with doodoo. Wise investor sell fannie mae so he doesn't stink up his finances.
Thanks for the tip Arnie. You saved me!
Shareholder Lawyers Get Paid $1,500+ per hour. Of course they will tell their clients that they will win...some day.
I guess that PWC lawsuit s/h figured it out before they dumped more good money after bad into lawsuits that are going nowhere.
I feel bad for those that wasted their money. Some sleaze lawyer in Van Nuys got a lambo out of it I bet.
thanks for giving me friendly advice. I was considering buying after somebody told me that Obama will free be releasing 1 million crack dealers from prisons in the next 3 months and 2 too big to fail financial institutions. He gonna do it just to stick it to da Republicans and flood the streets with crack and home mortgages.
Thought I was gonna get rich quick with this scheme, but realized it was a pump n dump too good to be true.
Back to my barrista bar. Starbucks has great employee benefits for people that will work for a living but don't want to do strenuous manual labor.
Silent Lucidity today. Are you laughing all the way to the bank? Sold out for a settlement? Or will you fight till the end? We need to know!
given deutsche and wells fargo, there is zero appetite in washington to let loose two Too Big to Fail Institutions that have zero capital.
0% chance. Mel Watt is sitting pretty right where he is. Fully backed by the US government but at the same time, paying all earnings back to the US government that sponsors them. Very simple.
perry is a genius & is retiring & putting his money in an index fund and bank account. maybe it is time for you to do the same. that 30% interest on cash advances is a high hurdle for you to overcome with active management.
Let's be honest here. 30% interest over 10 more years and you won't make it to the end of the gse saga.
Back Dividends are Getting Paid! Not
Dividends Not
insert-text-here
Perry knows pfd divi's are getting reinstated, so he is retiring on them!
Me too!!
I love clipping coupons!
"Not!" Borat!
Perry knows pfd divi's are getting reinstated, so he is retiring on them!
Me too!!
I love clipping coupons!
market is giving you a gift of a chance to get out. sell the dog and pay off your reverse mortgage gramps
George Washington died from Blood Letting, and now Washington uses the tactic in legal battles to defeat enemies. How long can you hold out?
Somebody is a very lucky seller right now. Somebody must have an auto accumulate program running, and they haven't read the news yet!
Be thankful if you can get out before the Devil knows you're dead.
Perry will engage investment bank to find buyer for his Fannie position. He won't be able to sell in the open market
It will put an overhang on trading of the shares until he finds a buyer or ultimately just sells a little every day over the next several years
Given that this trade has taken down hedge funds like Claren Road, Perry, Ackman, Berk, etc. Just not sure who is left to want to carry the bag?
Retail bag.............
Berkowitz has cash, but already has 20% of his mutual fund in this trade. I'm pretty sure regulators would force him to shut down if he dug himself any deeper into this situation. Maybe Perry can get Ackman to buy. Could be a decent deal for Ackman to lower his cost basis - if he can buy these non cumulative pfds for pennies.
Updated valuation goes back to Late 2010. 50 cents. That is a technical valuation only. There are really no fundamentals anymore. Tough to give a value. You can pay 50 cents a share upfront but then pay $2 a share over 10 years in hopes of getting paid out $25 per share eventually.
Move along folks, nothing to see here.
Expect drop to below 50 cents tomorrow. Be prepared for an open of 20 cents. There is no point in selling unless u need the tax write off. Just hold it as a leap option.
Fanniegate Catfished: Why Online Get Rich Hoaxes Are Alluring
Court cases will run longer than we can stay solvent.
Current price is rational only if you assume that you can win in 10 years and get paid out $25.
Future Value = 25
Years = 10
Discount Rate = 20%
Present Value = $4
If you assume that there is only a 20% chance of being paid out, your present value = $4 x 20% = 80 cents
So, I think I will only buy more when it is down below at 20 cents per piece of Choco Cake. Yummy yummy Cocoa Cake!
Arnold not to be overly negative like Berkowitz on CNBC but we should fully expect to see this stock open down 50% this week.
As Bruce stated they havent gotten anywhere in court and havent really even gotten a word in to the court. hera trumps any shaeholder so there is no case. Thanks for keeping it real my little sweet and sour chicken!
berko seemed very depressed just like all of us
have a good weekend. sweet dreams of fannie
berkowitz just wants dividends for his pfds doesnt want to change the net worth sweep otherwise. that makes common worthless. so yes, berkowitz would sell out commoners if he could just get his dividends and/or bought out of his pfd.
berkowitz basically said govt can liquidate for all he cares. he just wants a settlement on his pfds. could care less about anything else.
it's all about the money
berkowitz basically said common is worthless
Brucey Baby is about to get on CNBC and pump the stock on a low volume Friday
Front run and buy?
Not me, still to expensive.
Be interesting what he says.
August 2012, 20 cents
price of the stock actually started going up after the 3rd amendment
https://frbatlanta.org/-/media/Documents/research/publications/wp/2015/02.pdf
20 cents
20 cents according to atlanta fed I think?
Exactly bipartisan desire to make sure shareholders get nothing. That much evryone in washington agrees on
Wells Fargo fraud guarantees that these Too Big to Fail monsters will never go back to Fake Private again where taxpayers take the catastrophic risk and "shareholders" get to arbitrage the government's credit rating.
Ask Liz Warren and her team of Republicans that want........
wait till your brokerage sends you the $0.00 worthless stock form!
great tax write-off
good idea, buy some, release fake pump story, then dump it all at $2
These retail bagholders eat it up every time!
just because we r down again on good news while everyone else is partying to new highs
doesn't mean you should panic.
Wait till we break $1.50 again!!
Carney calls Rosner "One pump chump"
I'm not sure what that means, but it sounds pathetic.
Don't be a sissy, hold your shares!
Stop watching daily swings. We will be at this for another 10 years!
Can you take it?
Can you afford it?
Man up, hold that line!
Even if you get nothing for your shares, you are doing the country a good service of civil disobedience!
Congratulations patriots!
Beware shareholders are being used by interest groups including affordable housing, repubs, dems, banks, communists, employees, etc through the lawsuits.
Even if you win a lawsuit after it gets appealed for a decade, you as a shareholder will get zero zilch.
Fannie and Freddie will survive in one form or another. The MBS market will continue in one form or another. Value for the stock is most likely zilch.
Beware before you get used by an interest group to do their bidding for them. They make you think you are going to make a bunch of money, march you around picketing and protesting and investing all of your money, thinking that you will one day sail off into the sunset, but you will get nothing in the end. It is a big boondoggle and you get nothing. There is no capital and there never will be.
Buy all shares to the Mooooooooooonnnnnnnnnnnnnnn!!!!!!!!!!!!
True, David Sims, head of Investors Unite new membership, dumped 2 years ago!
Buyer beware 15 months until we go boom! Liquidation begins in 2018!
http://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2012-8-17_SPSPA_FannieMae_Amendment3_508.pdf
"Yes we can!"
We will take over the world!
We get to borrow with the US government's credit rating and lend money to the US taxpayers for a carry trade!
Guaranteed to make money!
We are the greatest hedge fund to ever rule the world! Sit down George Soros!
Go all in!!!!! We will be released and get back dividends!
Don't worry, shareholders are not being used!!!!
You will be rich!!!!!! Richie!!!!!!!!!!
Start shopping for yachts!!!!!