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Ill sleep well at night bc asset impairment isnt even close to happening to the GSE's haha. have you seen their cash flow and the immense amount of net assets they have?? i think we are good.
please share how they will wipe out common shares? and replace them with what?
I'm in at $4 with waaay too many shares for my liking right now. however I sleep well at night knowing this stock will not be liquidated and will eventually go up. Now would I like to time the market perfectly and get all in at 2.5 per share...sure. Is that going to happen...hell no. Once this goes up to 18 per share will I worry about not buying in at 2.5 vs 4????? meh ill live.
If Trump and mnuchin take away 20 billion a year from the govts revenues from the GSE and then go to congress to increase the debt ceiling it would look bad. After they increase the ceiling the amount of bonds needs to fund the govt goes up along with interest rates *making FNMA more profitable. It just seems logical for them to wait till after they get funding before privatizing a cash cow like the GSEs.
It would be ironic if I were trump but I'm not. Trump's picks for cabinet members are absurd in alot of instances but some only manage budgetary issues.
What is this a$$hole doing as head of the FHFA???
https://en.wikipedia.org/wiki/Mel_Watt
?He is a damn politician with no experience in banking....FML
What have I been reading...if you think Donald Trump is going to wait till the end of his first (and maybe only) term to make changes to the housing market, you probably just got off the boat.
Something will be done with the GSEs this year for sure
OK....whats is this outlook you think will happen? this should be funny
10b to treasury being paid is already built into the price IMO...maybe move down .2 or something.
If Mnuchin puts FNMA&FMCC into receivership on the advice of Icahn and paulson then I will voluntarily swim to north korea and spend the rest of my days in a gulag.
CFPB has over stepped its boundaries and actively over regulates but at the end of the day they need to be there at some capacity. They do alot of good to help the consumer to be percectly honest.
what is the ETA for that verdict? any idea
I think everything will get a lot clearer after march 15 and before March 31st.
First they need to raise the debt ceiling without obstruction from the dems(3/15) ending the NWS before getting clearance to fund our huge deficit would be unwise.
Then mnuchin will announce that he will not be taking the March 31st NWS.
Then all you nay-sayers will be clicking trying to buy shares and will eventually get in at $12 per share.
sometime after Mncuhuuush rides in on a white stallion with a shirtless Putin .....
Ouch, why is fannie getting hammered?
They have no reason to enact the warrants, FNMA has 1.2b shares not 5.8.
the warrants do not help recapitalize FNMA and the treasury selling 4.8b shares for its own profit will not go over very well.
who are they and what do they do?
March 15 is the date ....nothing till then. Flip burgers like that small town in the Three Amigos made sombreros, build your stack and get ready to go all in.
i considered that but just cant see how a NWS is announced, FNMA recapitalized and you still being able to buy shares at $4. you would have to find someone selling and also compete with millions of buy orders.
After that court case in Seattle you saw what happened, it wasnt a gradual fall to $2.5
for sure and just simple logic. IMO the GSEs will be put back in place just like pre 2008 and remain govt secured. Mnuchin will put in place a little stricter regulation (that really already exists) to make it appear like hes securing the tax payer against future bailouts. In reality this is the way he has to structure the "mortgage giants" if he removes the GSE label then rates would shoot up and 30 year goes away. If he winds them down he would be putting massive risk on banks to either securitize mbs's themselves or create a whole new company to do the same thing fannie and freddie currently do right now.....with months of market mayhem during that process.
calling you a dork seriously got you all upset? you posted something on here that I couldnt figure out and you then (derogatorily) said "you have alot of research to do" instead of just explaining yourself.
I looked into your original post and FNMA on april 3rd 2013 said they would have significant earning from deferred assets. All I wanted to know is what the hell you were talking about and god forbid I asked for the court case quote you mentioned.
I think he makes a good point, if he were to announce NWS ends today it would be very difficult to buy any shares at the prices we have right now.
i dont think he is saying he sold his shares
I don't need you to do anything for me, please go back to your miserable life and leave me alone.
Nothing will be done with FNMA until after they raise the debt ceiling March 15. If they recapitalized FNMA before they would have a very big fight on their hands, waiting till after will be much easier.
http://www.cnbc.com/2017/02/17/remember-the-debt-ceiling-here-it-comes-again.html
post testimony please. How about next time you post something on here you make it clear what you are talking about.
"any see this www.fanniemae.com read! total game changer"
this was written before FNMA knew they were going to have huge profits in early 2013
when did the NWS take place exactly?
Live link to Mnuchin interview at 11?
thought I would share a good piece of positive news with you guys. one of Mnuchins executive VPs while they were at OneWest Bank together (Brian Brooks) is now executive VP at FNMA. wouldnt be surprised if they were still in contact with each other.
He said it was favorable to the treasury for obvious reasons he clarifies....DOJ is representing the treasury who won the f$#$ing case and now doesnt have to pay back past dividens.
He doesnt say it like he was happy or anything but like obit said like he was stating facts.
His whole tone was more geared at eliminitaing tax payer risk but leaving 30 year liquidity.....which i sort of think contradicts each other.
keep in mind that after the bailout, Obama had the QE the shit out of the US dollar. You ask yourself how did interest rates not go up? DT guaranteed that if the bonds were not sold they would buy them....plain and simple.
DT can do whatever the hell they want and have a printing machine with an oil back dollar..... FNMA will get thoroughly capitalized
the socialists sure as hell forgot, I don't think the capitalists will
Patience is key with this stock. There will be highs and lows but at the end of the day this stock is in cconservatorship not receiverhsip. This means it was meant to be turned back to the shareholders.
ON TOP OF THAT we have a pro business POTUS and SEC of TREASURY who has already stated he wants to get it out of govt control. This is good to go
Carl Celian Icahn (born February 16, 1936) is an American investor, business magnate, and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City, formerly known as American Real Estate Partners. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products.
In the 1980s Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of the American airline TWA [1][2] According to Forbes Magazine, Ichan has a net worth of $16.6 billion making him the the 26th wealthiest people on the Forbes 400, and the 5th wealthiest hedge fund manager as of February 2017.[3]
According to Fortune Magazine, U.S. President Donald Trump asked Icahn to serve as a special adviser on financial regulation within his administration starting January 201
The fact that John Paulson is Trumps chief economic adviser and owns some big league shares should sound an alarm in your head.
This is untrue because there is no way in hell he is going to get the GSEs out of govt control but still continue the NWS....you cant be serious.
ackman bought at 2.63
Please explain how mnuchin and Trump will treat FNMA? dont give me some hypothetical scenario we know is BS, give me your best estimate of what they will do with the GSEs
I did not lol
Trumps whole game plan is to deregulate and open up the markets. If this involves keeping dodd frank around and keeping the GSEs under govt control than Im the pope. his only shot at turning around the economy is releasing and deregulating. Now the dems will probably have to bail us out in 10 years but who cares.
Unless we are missing something.... Mnuchin all of a sudden decides to screw over all of his buddies and winds down the GSEs.....doubt it.
mnuchin .....thats all I got...