the price is the price is the price
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Time to put all your money in Fannie Mae?
Roll the dice? Roulette?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Govt will explicitly declare that they do not backstop Fannie and Freddie new business anymore
All new MBS business will go from the banks to FHA
Fannie and Freddie will run off over 30 years
Shares will be worthless. Fannie bonds and MBS will pay off as guaranteed. Easy does it.
You want to get out before Fairholme elephant tramples you!
The big time sears and kmart lquidation has begun. They wont make it to black friday and fairholme may not either. Thats e reason pfd will continue to drop harder and there is no fundamental buyer to step in because there are no fundamentals for fnmas
Do yourself a favor and go shopping at your local kmart it is worse than East Berlin in 1988. Seriously this train is going non stop to Siberia
I'm watching October 2014 lows in the days after Lamberth
pfds are closing $1 below intra day lows and commons are about to break the $1.51 closing level from October 2nd 2014.
Given that Perry Capital is shrinking, and continued stream of dismissals, I find no reason to buy until this is back trading at 20 cents.
Worth buying as a long term way out of the money LEAP at 20 cents, but nothing else at this point. There are no fundamentals or shareholder rights. Shares have basically been cancelled.
you need to get some help
so have you stopped making payments yet? or do you sell a little each month to make your payments? or do you take new cash advances each month to make your payments
once the promo periods end, and they charge you 20 to 30%, it will end you because these cases will get appealed for another decade. you don't have a chance to make money on the gses's. it's a real losing trade unless you have zero cost of capital and can print money - like the federal government who can delay delay forever and bankrupt everyone or let everyone die before they get $1
am i missing something?
When are Bradford's Promotional APRs jumping on his credit card cash advances?
Maybe he should sell, issue a tape bomb Seeking Alpha article, let the stock drop, and then buy back in? Then issue a retraction SA article.
I'm not sure if that type of pumping and dumping is legal on the OTC. We definitely see that type of behavior between Ackman and Icahn in regards to Herbalife.
The market for these stocks is a joke.
All open interest and volume on jr pfd has disappeared
Nobody will buy and sellers will soon be desperate to get anything more than nill. Great tax write off in a great year otherwise for stocks and bonds
Watch $10.50 level on SHLD. If that breaks, FAIRX will liquidate and it will be a terrible Christmas for all of us.
I don't see SHLD same store sales decreasing any less than 10% this year, and I don't see the stock holding $10.
Has anyone been to a Kmart recently, reminds one of Department stores in the Soviet block circa 1990.
We are "Whaling Captains" with Brucey and Eddie
http://blogs.reuters.com/breakingviews/2016/08/29/eddie-lampert-is-more-whaling-captain-than-hedgie/
As goes Sears so goes Freddie
Everyone wear white underwear for good luck
Next week we will get a full release and become mega millionaires
We will all be able to buy plastic doll wives like Melania!
Owning commons is a liability, not an asset
You're almost guaranteed to get the full prostate inspection from the IRS aka department of treasury, aka Jack Lew!
Enjoy commoners!
FNMFO is worthless because when I try to short nobody will buy
So, you are right, all preferred are worthless. Since pfd are higher in the capital structure than commons, commons are less than worthless.
Lawmakers to spend Labor Day in Marathon GSE Session per Nick Timraos, Wall Street Journal!
They will pass a full release and agree to pay all back dividends!
We must buy all shares and corner the market for this stock before it hits $1,000 per share!!!!!!!!!!!!
buy every share you can get your hands on. we will get released this week and get all back dividends!
Rick Nagra baby!
Sometimes Winners Quit and Move on to Battles They Can Win
This is the stock market. If you thought you were going to prove a point about the American pursuit of Life Liberty and the Pursuit of Happiness, you chose the wrong battle. The Fannie Freddie battle is all about Greed and Fear. Martin Shekreli, Bill Ackman, Mylan Pharma, Valeant, Fannie, Social Security, ponzi schemes, pyramid schemes, chinese shell companies, mexican drug cartels.......and GSE shareholders - that's where you fit into the political spectrum. It sucks, and the truth hurts. You can't win this in the courts because there is no remedy for shareholders, similar to AIG, you will get nothing but a pat on the back and a better luck next time kid.
https://groups.google.com/forum/#!topic/freddienfannie/YNIrMxRcn9s
Did David Fiderer give up?
I'm just getting around to reading his last post from June 11th. It's is a good common sense post that lays it out. Nobody seems to care, anymore. Not sure if that is a sign of the bottom or of the end.
http://www.fidererongses.com/params/post/885629/oral-arguments-in-perry-capital-v-us-devolved-into-nonsense
Go Gators, although I'm not sure if anybody cares much about them anymore either, haha. May there be no hurricanes!
FNMFO Quotes
So, on one screen I have a bid of 31,000 for 0 shares and an ask of 41,000 for 0 shares.
On another, I have bid and ask zero for zero.
I was thinking of throwing 12 grand at this and treating it like a River Boat Gamble, but it seems that nobody is gambling on the river boats anymore.
Maybe I should buy some LEHNQ or IMPHO instead. Or maybe I should just bet on college football?
Good luck ladies!
Good PR for longs, Hank documentary available on Netflix
Paulson once again says that he had to use unprecedented, perhaps illegal authority to remove Fannie and Freddie CEO's in 2008.
He says that if left in place, the CEOs would have acted as fiduciaries for stockholders, and he and Bushy needed to use the companies to save the US financial system
Not sure how many people will actually watch this film of an old bald white boy from treasury talking about events from 10 years ago on Netflix?
Much more fun to binge watch Felicity and Pretty Little Liars!
nevermind, just ackman pumping & dumping his book again on CNBC
As he said "It's all a confidence game"
obviously, HLF is a filthy company, but their shakes are better for you than 3,000 calorie burger king triple whoppers slathered in MAYO
Lil Devil by the Cult
Okay you are right! I'm putting all my life saving on Fannie Mae this afternoon. Just their MBS because that is guaranteed by the US goverment. I can't buy the Jr. Pfd because Hank Paulson drew a line in the sand and declared it worthless.
Go Fannie MBS Go!
Silly baggie dividends are for taxpayers!
Ackman is back as HLF tanks and VRX zooms
Buy all shares!
maybe a BSD has cornered the market for FNMAS and is manipulating innocent retail investors!
We want our dividends!
The Future of the Proletariat in America does not involve Mcmansions
200 sq ft apartments in Colorado City styled cult communities
Bow down minions! This is the world of Carney, Stegman and Pinto!
http://www.wsj.com/articles/meet-the-man-who-wants-to-bring-micro-apartments-to-the-masses-1472135127
Bill bologni from pittsburg says GSE investors are considered Jagoffs in washington
Our fannie has been ridden harder than dylan roofs prison booty and government will continue to go buck wild on fannie until we get the lethal injection
Worst investment ever.
See google board Bill Maloni confirms shares are worthless!
His best friend is the real Tim Howard!
FAIRX is 25% in cash right now so he should be able to survive the storm without selling his positions. Depends on how many redemptions he gets. He obviously knew he was going to have problems and that is why he has so much cash earnings 0% in a mutual fund.
SHLD is belly up, taking down FAIRX and FNMAS
same store sales down 7% in the 2nd quarter. Thats the worst performing retailer in the world
hope you can get out before Bruce starts dumping
Remember that mutual fund investors will be giving FAIRX redemptions over the coming weeks and at that point Bruce will be selling. Your best bet is to front run him and get out now.
If FNMAS gets down below $1, I may be a buyer as a highly speculative play. Under no circumstance will I put more than 2% of my portfolio on it.
Awaiting SHLD earnings, could be biggest factor affecting Pfd price
Can Berkowitz continue to hold or will his mutual fund investors continue to redeem?
https://searsholdings.com/press-releases
3 Signs Sears Will Deliver Yet Another Financial Disaster on Thursday and Fairholme will go under
https://www.thestreet.com/story/13683559/1/3-signs-sears-will-deliver-yet-another-financial-disaster-on-thursday.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
See p.16 Berkowitz mother fired him over his terrible investments in Fannie and Sears
http://www.fairholmefundsinc.com/Documents/Call2016.pdf
SHLD likely declaring bankruptcy with earnings this afternoon
Berkowitz and Fairholme will have to liquidate. Not sure who will buy their pfd stock, but it will be at a 50% hair cut, at a minimum.
He will also have to drop all lawsuits.
Don't be the last out the door.
Skibrian is the guy to listen to, he warned everyone
https://groups.google.com/forum/#!topic/freddienfannie/cnvo3kNGEyQ
I guess Pagliara was the one shorting commons to hedge his pfd
He always has bird dogged commons and pumped dump and humped us
Did anyone else put their elderly parents and relatives in this stock?
Shame on you!
Should I draw on my home equity line of credit to buy more?
Go all in baby!
As Maloni says, the next GSE case to not be dismissed will be the first