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Let's hope it's not out. If it's out and all we got from it was a daily total volume of 1.2m shares traded and down 2 cents that's awful bad.
And I wish that was because Freddie jumped up but the reality is that Fannie dropped more.
This is 5 month old news. Here's other news - https://www.reuters.com/article/business/-government-takes-over-fannie-mae-freddie-mac-idUSN07578818/
I hope they don't assign it to Sweeney or Lamberth! lol.
Are you smoking the devil's lettuce again? lol
In reading your post I just figured out where the FHFA playbook comes from - Student Loans. You can pay on those for 20 years and still owe more than the day you started paying.
Would that be cats as pets of single childless women or cats being BBQ'd by Haitians? lol.
Fewer trades. Nothing more. Nothing less.
LOL. They can't even pass a bill to keep the lights on.
That's better volume than we've seen for a while. At least there is some interest.
I guess from this story one could imply Paulson doesn't think the GSEs get released if Trump loses otherwise he would invest in them - https://www.yahoo.com/finance/news/trump-supporting-hedge-fund-billionaire-002332457.html
A standard response here might be "Because THEY won't allow it." Who are they? "Them." Who is "Them?" "The Deep State." Who is the Deep State? "Them." Gets a little circular but this is what my notes show after more than a decade here. lol.
Well, except the on again, off again discussion of money taken from the GSEs being used to subsidize Obamacare. That's a WHOLE other discussion. I don't think it is but different people here have different ideas.
Well, I certainly consider them Nationalized since the Govt took full control and 100% of all proceeds without ever compensating the shareholders.
No $1.37 close. I do like your number more than the actual close though
Yeah. GSEs passed all stress tests and got Nationalized. Other banks failed the same stress tests yet were given loans with 2% interest and let keep going while their bad loans were forced on the GSEs.
Hasn't the government already breached ALL faith by Nationalizing these companies?
I've heard so much logic, excellent/outstanding logic, all these years that I don't even know what to think any longer. Your suggestions are valid. It's the government and their positions that simply have not made sense so who knows what they are thinking, or what we should expect. Expect the worst and pray for the best.
Good point. Who knows what it means then? lol.
Probably the shares get wiped out on exit so all of us with commons are screwed.
Perfectly? Come on, this is Government work.
With my smart ass friends, I've learned to ask. LOL
Based on people I know, I've learned to ask pertinent questions. Which week? lol.
To be fair, I doubt Mark ever gets any 🐱
I hate when we all try to throw logic at this stuff! lol.
Sure seems like there SHOULD be a law that stipulates the ruling needs to be signed within XX days or it is automatically accepted. That's probably just logic speaking. I'll stop. lol.
I don't like either choice. I'm using the Brewster's Millions philosophy and voting None of the Above. Where does that put us? lol.
If he dies before signing maybe Sweeney could pick it up to slow walk it some more.
It could be "Wall" money, it could be whatever. Just the point I was making is that, my HOPE, has been that the Biden/Harris Administration would want to make sure the "Piggy Bank" is not available for a GOP Administration AND they could look like the heroes that finish the recovery from the housing crisis and release the GSEs. I know it's all a huge pipe dream but so is a lottery ticket and people buy those and dream too.
The dream!!!! An out of nowhere and totally unexpected move back to the NY Exchange and a release.
Which just means more years of the same. UGH!
I wasn't trying to pull a fast one here. You were talking about Harris not releasing them so she could keep the endless funding from the GSEs. My point was simple. If the Biden/Harris Administration think of this as an endless piggy bank, don't you think they would want to take the piggy bank away from the GOP if they thought Trump would be elected and they were out of power? If I was in power I wouldn't want to leave such an incredible thing for more opponent if I thought I was going to lose.
"by then deceased." I have wondered how many that had their retirement savings in this "safe investment" prior to Nationalization fit that profile.
Based on "Harris will never release them knowing the access to their retained earnings and profits remains in perpetuity.," don't you think Biden would release the GSEs ASAP to deny Trump access to the money?
Really going out on a limb there. I say it will be up or down or unchanged 😊
Are we up 10 cents Monday due to the assassination attempt?
And suddenly the sentiment here would be that Biden is the greatest President in the history of the world if he did that. lol.
Absolutely correct. Rich people didn't get rich by doing the right thing for people like us.
Posted in the comments of the Yahoo story hoping people pick up on it. Did I miss any of the high level stuff or misrepresent?
Jim C
15 years these highly profitable companies that saved America during the housing crisis have been Nationalized. YES, Nationalized. The Government took over these companies that BOTH passed the stress tests and never compensated the shareholders - private owners. They then sold the Government 80% of the company for $1,000. All while the companies have made Billion$ and never needed a cash infusion yet had $190B forced on them and told the housing crisis was now their fault. Shame on the US Government.