the price is the price is the price
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Tim Howard 717 Declares The End
"critical update added to this post Jumpstart is done deal."
"This makes it so only Congress can resolve the issue which we know they will not, our best hope as the Liaison shared is that the time limit remains in the bill, that’s all we could squeeze out."
"Not quite, that’s very naive. The Republican’s drafted the first draft, the controlling party generally pushes it on the first draft. They are having trouble as we speak to get enough Democrats to back the bill as written to pass it. The hope was that we could get it removed but last night as you see I was informed that is not happening."
I'll be listening to the Doors, "The End" today. I have it on repeat.
interest rates go up, and mortgage payments go up, housing prices go down, and Fannie has to increase loan loss reserves, wiping out all profits for the next several years. it's dejavu all over again
in this little game of musical chairs, the music is about to stop.
question is will you sit down now and get $1.60 or keep waiting until there are no chairs left?
The song is "I'm a loser" by 3 doors down
best to rip off bandaid and sell
it will be a tough conversation tonight at the kitchen table, telling your boyfriend that you lost money, but it will be worse in a couple months when you've lost almost everything.
possibly, you can buy something else that will make up for your losses.
making money on fannie is a bad hand to play in this card game. lose everything, and you never get to play again.
sometimes you have to fold.
good luck.
BrandonWalsh90210 breaking October 14 Lows - on not?
You gonna buy sell or hold?
I think it's too hot to touch. Wait 6 months till the volume is nothing and there is no open interest whatsoever in these things.
Buy when everyone is completely de-moralized and there is no downside. Right now, there's still too much downside, and I don't think the October 2014 lows mean very much right now since there are no fundamentals to create a floor either.
Breaking the Buck Today $0.xyzzzzzzzzzzzzzzzzzzzzzzz
Another 2 years of jive talking on the boards
thanks Corker for locking us in for 2 more years of friendship on this bagholder board!
Is that like Herbert's candy bag on Family Guy?
Will Ackman tell us before or after he sells?
Is that what a bagholder is, like Ackman pumps it up and we all buy, and then he sells without telling us?
I've heard that's what Tim Pagliara did to all the common stock holders with his Investors Unite campaign. He just pumped and dumped everyone and only cared about preferred stockholders. I feel used like a New Orleans street boi
Can someone please tell me what a bagholder is?
I have been hearing the term "Retail bagholder" a lot on the the boards. Everyone is saying that investors are nothing but retail bagholders, and I'm confused. Can someone please tell me what that is? I'm new to investing and bought this stock after reading some great stories from Glen Bradford on Seeking Alpha about how this stock was worth $30 per share.
Please, nothing from Along4ZRide. He gives me nightmares.
Thanks.
https://groups.google.com/forum/#!forum/freddienfannie
Wow, the google group is flipping out. I feel bad for them. Tough xmas.
anybody still own this? did everybody sell?
or just too depressed to post anymore?
I'm constantly testing different theses, and still can't find any reason to buy or own right now.
In 5 years after years and years of appeals, and everyone is worn out, moved on and not paying attention, I might buy, but it will be for pennies.
Anybody got a valuation thesis on this baby for why to own?
rosner plan gives little value to current s/h
keeps warrants and requires 15 years of retained earnings to get out of conservatorship.
unfortunate. rosner cares more about maintaining market structure and affordable housing. doesn't care about s/h. he just uses s/h to help him get publicity.
fnmas broke down after hours to 52 wk low
750K shares @3.55
http://www.nasdaq.com/symbol/fnmas
anybody know why?
750K shares @3.55 afterhours
testing ytd lows
serious question, which pfd issues actually paid dividends in the past?
if there are some series that actually paid a dividend and then stopped, it seems like it would help in the legal cases (for those issues) - that investors were right to assume that dividends would be paid. If the non-cumulatives were issued during the crisis and at a time of dwindling capital, and they never paid a dividend, that is a different perspective that may vary be which series one holds.
I'm not well educated on which pfd issues trade at premiums or discounts to each other and why - other than supposed dividend yield and liquidity.
Thanks for the tutorial if anyone is willing to provide.
hari kari
Camaro's board is full of fools running off a cliff
Hope you guys enjoy her off-topic postings to the fake Doris about what color she should dye her hair. You all have gone in to full denial.
Here's some advice I'd love for you to take. Sell everything you have, take out another mortgage and pawn your car. Put it all on Fannie Mae.
wow, you guys are fools.
Trading like September 2014 before Dismissal
The hedge funds know there's another dismissal coming, so they are frontrunning imo.
Insider trading may even be legal here since the shares are only traded OTC
Brace for a sub $1.00 level from 2013 for FNMA.
Refer to Fed reserve Bank of ATL valuation around 25 cents on commons.
What this means for FNMAS, I am not sure. Would be best if they liquidate and just pay out 25 cents on the dollar. Long extended liquidation could take a painful 30 years though. Who knows, all speculation.
Trading like September 2014 before Dismissal
The hedge funds know there's another dismissal coming, so they are frontrunning.
Insider trading may even be legal here since the shares are only traded OTC .
Brace for a sub $1.00 level from 2013.
Refer to Fed reserve Bank of ATL valuation around 25 cents.
Google Board Cant figure out Constant Drop
It means someone with a big position is constantly selling
You guys are too innocent and blinded by your love for Fannie.
Just because their business model works, it doesn't mean that there is any value in the stock.
Wonder why 717, Maloni and all the others are stepping away?
Want to be last one out the door?
Blame the drop on message board posters that give out free advice?
The stock drops because large holders are selling. It is simple supply, demand, and lack of valuation.
If somebody told you to sell 6 months ago, you should be thanking them for the free advice, not vice-versa.
Good luck.
Claiming FNMA as Worthless Stock for Your Taxes
Does anybody know the correct way to do this for your taxes?
I'm filing for bankrupcty and need to go ahead and declare my stock as worthless.
Thanks.
barry signed kill bill today
fannie is done. employees paid like poopoo.
great for private equity firms. they will set up competing companies using the common platform and hire away all of the talent at market based salaries.
New Dismissal Whispers
His fund went under following Ackman on Valeant & Fannie
Saw him slinging lattes at the Times Square Starbucks recently
you're right bagholder till the end
Andrew Tomlinson Sold? @slepnirperkins deleted on twitter
looks like everyone is quitting
Another Outstanding Day to Own FNMA!
Keep the Faith or Die Trying!
Yippee!
Myron Steele Confirms Any Ruling Against Govt
Would be unenforceable and go nowhere.
His case in Delaware is just a political show piece.
It will get appealed into oblivion and in the end, Treasury would ignore any ruling against it through executive privilege.
3rd Quarter Earnings Released!
All net income goes to US Treasury!
Market moving event!
Not
Market rallies Fannie Bleeds
The trend is your friend. Turkey and Santa Claus rally leaves Fannie with switches and ashes.
Gonna be a long cold winter.
Rates Up, Housing Prices Down, Fannie Losses Up
Bad time to be owning Fannie, right at the top in housing prices, and you're still in conservatorship! You're never getting free!
just another day on death row
for fnma investors
qqq zooms and fnma bleeds
20 cents per share. Sell for whatever you can get.
Today will be a real fire sale.
Just get something for your shares and hope that you can make your net worth back over the next couple of decades with lots of hard work and good research.
Only a fool would pay more than 20 cents a share for commons
Back to 2012 prices after Lew plus Weiss tag-team.
As Richard Fisher says, "Now investors actually have to do their own homework and not count on the government to bail them out and put a bid under the market for them."
The former head of Lazard Investment Banking has spoken, and he and the other top investment bankers of the world give commons zero value.
Bill Ackman loses 2% of his portfolio, shrugs it off and moves on to other more important things like what to do with his terrible stake in VRX.
Bernanke slammed Fannie in his book
This is going to be bad this week. $1.50 will be tested.
Half a mill on the ask and nobody will touch it.
They're going to have to keep dropping the ask to find a bid. I don't think there is anybody left to buy.
You need a catalyst to make anything change. Unfortunately, the only catalyst that I can think of is a market crash in housing prices when interest rates rise. That situation would look bad on the companies again, and everybody could blame it on them all over again. Also, FHFA could come in again and give them huge credit write downs again.
Why would anything change while housing prices are going up, and the government is minting $5 billion a quarter off the companies?
You know it's like when you have a wife or girlfriend that loves you while you have a high paying job and she's living the good soccer mom life. Then you lose your job, and she runs around town telling everyone that you're a loser and an asshole drunk that can't even get a job. Then she gets her lawyer and friends to go after you for every dollar you have.
As long at the companies print money, nothing changes, and America is happy. It's just you are the unhappy husband that's working your ass off hoping to get sex maybe once a month if you're lucky.
It's just hard to find a situation where shareholders win here.
That's my cynical story for the day. Sorry if I offend.
I'm still waiting for the big thanks from Pfds on my Long Pfd / Short Common call that I made in May. After all the heat I've given Wayne and pfds, took some kahunas to change directions.
Honestly, I have no position in these companies anymore, and I don't think that I ever will again. If you do play the companies, I think pfd is the way to go. I really just think that the ginourmous potential liability that the companies books put on the US taxpayer will be the government's trump card that they will play either inside or outside of court. I just don't think a utility model or public/private partnership is possible given the size of the balance sheets and potential liabilities. I could yap for days, but I'll stop there.
I'll be watching as a pure spectator unless something happens where the stock crashes for what I consider to be an incorrect reason. Then, I might be a buyer during a dislocation. Like if the common hits $1 on news of a dismissal or new Warren Corker bill.
Even if I drank a liter of Jack Daniels
I wouldn't touch this Fannie right now.
I might be interested in the low 1's if some good things happened in Washington.
Gotta have some major beer goggles on to touch this one - or a very good imagination like Glen Bradford or Catbirdseat!
Pfd settlement for less than par allows commons to be eliminated
Must understand capital structure!
Berkowitz & Perry Settling for $5, Commons get Nothing
That could be the coming headline. Commons looking to get written to zero.
That's what the market is telling us right now.