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Just as an FYI. I sold all mt FNMA shares yesterday after being long for over 4 years. I will keep an eye on her, but for now I have had enough. Good luck to all longs.
That is known. Thank you though.
I just checked with my goto site and I dont recal seeing them in the ownership last week.
https://www.cnbc.com/quotes/?symbol=FNMA&tab=ownership
Which institution recently bought 2.4 mio shares of FNMA?
Starts with California...
Can anyone confirm that this is a new position?
I feel like Arnold and I are one. :)
The Treasury has administrative options for addressing the status of bailed-out mortgage giants Fannie Mae and Freddie Mac if Congress fails to act, Treasury Secretary Steven Mnuchin said Tuesday.
This is good enough for me and is in line with his very first statement he made in official function for this administration.
Please show us when Ed Groshans was right with his predictions in the last 10 years. Height Securities has virtually no insight into anything.
No. It wont.
They need to recapitalize them now and the only way to participate in great manner is through the sale of stocks.
You will start seeing a shift starting today around 2:30. Institutions are going to come on board now.
This stock has found its bottom today.
Once the Mnunchin session sinks into everybody, people will realize that they announced the release of FnF today due to lack of alternatives.
No, You are spot on. And Corker needs to resolve this issue before leaving Congress in order to legally use his insider trading privilege.
Who was one of 6 Senators trading more then 100 stocks in the past 2 years.
You guessed it. Senator C.
Corker admits that there are shareholder, Mnunchin doesnt think that any other entity will go into 30 year mortages.
1+1=2
Lets see if your president swings for the fences tonight.
I am calling it right now. Treasury is going to release FnF tomorrow back into the wild. No strings attached.
https://www.treasury.gov/initiatives/fsoc/studies-reports/Documents/FSOC_2017_Annual_Report.pdf
Read page 15.
Something will be announced tomorrow, one way or the other.
Arnold is on to something.
Aha....
https://www.banking.senate.gov/public/index.cfm/2018/1/the-financial-stability-oversight-council-annual-report-to-congress
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Are you being sarcastic?
If I read through you past postings you were always painting the negative picture, no?
Hope you don't mind me asking.
I know the board members here know this and may have better insight then me. Comments will be greatly appreicated (Whipstick).
After reading this older article about John Paulson (s.link below) and knowing that he backed the president from the beginning, I feel like the path forward could not be clearer.
Again, your views are greatly appreciated.
https://www.bloomberg.com/news/articles/2017-06-01/paulson-blackstone-said-to-back-plan-for-freeing-fannie-freddie
Agreed.
Almost seems like the government does not want to get a ruling against them being unconstitutional and preparing to let Treasury make the move.
I don't man or women.
I don't post often, but when I do you are right there.....
I think I mentioned that in my earlier post, and one way to do that is to get a ruling of a lower court where this matter is argued.
Because they never brought this aspect before the courts before. Only now are they changing their approach.
But I am not surprised that you commented on my opinion, since you seem to have a special interest in my postings.
What it comes down to in my opinion plain and simple is, that the government stepping in and taking FNMA in to conservertorship can be argued from both sides and you will never find the true truth.
Where it gets clear though, is keeping them in conservertorship after the debt has been settled. Unconstitutional.
This needs to be presented to the courts and I do believe that SCOTUS is interested in that aspect.
Thank you for sharing. If I understand the article correctly they want to revive the old status quo.
Good for us longs....
Powerhour!
Once they are credited again a release rather sooner than later is becoming more likeley. All in all good news.
The news is out that Fannie&Freddie is going to keep any money it payed towards the government other then the 187b+10%.
The courts have finally understood this, after the plaintiffs have changed their approach and focused on the constitution.
We should see this news slowly sink in everywhere and have some gradual share price increase in the next days.
Looks like American Funds invested it with their college growth fund which is the largest of its kind in the U.S. and it is a new investment as far as I can tell.
Would the government really screw over families that invest to send their children to college?
I hope for their constituents sake no.
I would argue that this low volume is absolutely normal for the situation we are in. Nobody knows nothing. Hence no movement.
As far as I am informed there was only one government shut downsince FNMA was in conservatorship and that was Oct 1st to Oct 16th of 2013. Furthermore I believe that FNMA had not paid back the money it owed the government. That has changed.
Government shuts down, GSE's like FNMA will be released. Just an opinion.
Possible game plan: Since the housing experts around Mel Watts are urging Congress to move forward basically with the old status quo before conservatorship, Congress will follow their lead. Could be that they fixed it behind the scenes to find a quick endgame and an elegant out for all involved. All in all good news.
Fantastic. Brought you up a few notches. lol. Lets hope she stabilizes and the news will be in our favor.
And just as I finished my outburst, off she goes.
You all did!
I have been following this board for roughly 6 years now, since I am long on FNMA.
You guys are working with charts, rumors, crystal balls and eventually, one Friday she will be at $5. All of you are clueless here as am I.
Some of you want to act important and make the board think you are in the know. Well, you are not. Nor am I. It is just my time now to blurt out random stupidities. Does that answer your question?
If we maintain green, we will see a nice breakout on Wednesday/Thursday.
I guess Thursday is the day then.
So much for the testing. At least she is holding for now.