Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"All the settlement money went to Fannie & Freddie (after cuts to ACORN and other charities)."
That sounds about right!
"Anything can happen by 5/20."
Considering this deadline is the opportunity for the government to further delay, "anything" will not be good in any way, shape or fashion.
"The Seventh of the Ten Commandments
Thou shalt not steal
from Fannie and Freddie Shareholders"
The U'S. Government kicked God's ass to the curb long ago!
"That in itself should be enough to jail these MF’s!"
To be jailed, they first have to be charged and then the endless legal process to convict them. To gain a conviction, it will probably require at least one honest person. Where in the U.S. Government might we find such a person? The closest one to this date is sitting in a chair in Washington, inside a monument named for him . . . and he is as dead as granite!
"We are not doing to bad. The Dow is down over 400"
F&F don't have 400 points to go down!
"A federal jury awarded shareholders of Fannie Mae and Freddie Mac $612.4 million against the FHFA for improperly sweeping up the companies’ profits to the U.S. Treasury3."
$612M vs. $301B...........0.002033222%
Is that even visible to the naked eye?
"I got minnow balls !"
Congrats! For the longest time, many here thought you were an eunuch!
"Just saying Mnuchin and Calabria didn't do us any favors."
Gargantuan statement of the past 8 years or so!
"if he thinks none of the cases are going anywhere: why not withdraw, spare the plaintiff's money and everyone moves on."
That is where the similarities of a lawyer and a hyena comes into play. Neither will leave with meat still on the bone!
"They applied for extension on 3/20"
The one consistent guaranteed in any of these trials and proceedings.
"We have too many whales in the family for anything as big as RRR to say secret."
The secret has been revealed. There is no RRR!
I think you will need to dig him up. Maybe Jeff Dunham can make him speak. Forgot . . . he's already got Ackmed.
Ackman is backed up in the corner with the rest of us and is pumping like crazy. Problem is Pershing Square's share count carries no more influence than does some of my fellow shareholders' 1000 share counts. The only person to which people listen is E.F. Hutton, not Bill Ackman.
"The day any word gets out about the RRR plan by FNMA CEO"
What plan? You know there's no plan, just wishful thinking (which has been in play for more than a decade).
"IF you want to be on the FNMA train, Buy NOW...It is ready for lift-off to $2.00+ today"
Who the hell wants to be on a train about to "lift off"? That means it's going to derail and you might die! A rocket? Well, that's okay but I'm not seeing a rocket on the horizon.
"What if RRR is on the Priority List...?"
It is and has been on the priority list of those reading this message board and that's about it. The ones who could do something about the situation would have to be reminded who Fannie and Freddie are!
"We unfortunately expect the Defendants to file post-judgment motions, and then an appeal."
Should have asked how close the distribution will be to NEVER.
"This stock is more a gamble than anything else. How can anyone sleep well if they hold this overnight "
A few of us here are also observers and are able to detect posts made by dumb asses.
Well NO! The only way to get F&F to what they are worth is making then unencumbered . . . in other words, OUT OF CONSERVATORSHIPS.
"Freddie and Fannie are set up to blow through resistance!"
LOL! So is Old Faithful but if that ever happens, it won't matter about Fannie and Freddie. This is really the endless cycle of Wash, Rinse, Repeat. The WH spokesperson just told us they will do nothing.
"glen, do you have an mba? i have seen folks with mba use the word efficient a lot. my plumbing vocational school didn't teach me those buzz words"
Like the new buzz word in sports being used by that knuckle dragging ilk.
PHYSICALITY
I can't UNREAD your ignorance.
"Do you know guys why the GSEs have been in conseratorship for over 15 years"
G-R-E-E-D
"Calabria is like a stalker of ex girlfriend"
I thought he was of the LBGTQ+ persuasion.
But he's an academic . . . in other words, not enough common sense to pour piss out of a boot!
He's about to meet the requirements of The History Channel.
Calabria: "Reminder that it is contrary to statute for the President to direct FHFA, as conservator, to take specific actions (such as “lower mortgage/closing"
Statutes, regulations, laws . . . . who does numb nuts think pays attention to that sort of stuff anymore?
Purely "lip service", a component of vote harvesting! Apparently, the American public will never get smart enough not to fall for it.
In my state, unlike in Georgia and Pennsylvania, elections vote counters were offered TWO choices . . . . Samsonite OR American Tourister!
"offering the thinnest of statements and rationales.\"
I'm positive that's all the Biden administration has got!
"Read Trumps letter to Rand Paul pinned at the top. Next time, everyone will be fired."
Should Trump be reelected and subsequently appoints such PsOS as Mnuchin and Calabria, you'll be lucky F&F even survive!
"Trump becomes president = Fannie/Freddie release?"
Better go ahead, right now, and gain the ear of some of his advisors and keep it fresh from time to time.
"Sherman Williams paint job fnma"
Wasn't that the Union general in the Civil War?
Ain't the legal profession great! You have to literally write a book to say "they took our money and we want it back".
"Catman is a typical hypocrite. He slow-walked the release process with sell-initiated roadblocks to keep his job last longer. IMO."
There was plenty of "fair warning" on what the country would get by putting an academic in a" work" position. Well, the robot Pence won out and look at the dump truck load of shit we got in the homo Calabria.
"He is hoping to get the job of FHFA Director again, if Trump wins."
And if Trump should make such a blunder (and with the other idiot, Mnuchin). I will start voting as a Democrat (who I despise).
"Will JB mention anything at the SOTU about FNMA?"
NOT A CHANCE! Yellowstone will blow before that happens.
"EXACTLY! What's another 2 or 3 years"
Recall however, the exact same thing was said 2 or 3 years ago . . . and the 2 or 3 years before that!
"If Biden feels enough political heat he may see ending conservatorship as a major housing finance boon"
But who among his minions will tell him or who among his minions even knows about the conservatorships? Hell, he doesn't even know where he's at half the time. Asked about Fannie and Freddie, Biden would think they were some of the people washing his Corvette at the car wash!
"I will take Calabria as the next FHFA director any day."
You have issues and we can't help you!