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the buy volume is 3x the sell.....but pps is down......wtf
No kidding, he is a snake and a TBTF shill
I just listened to the Senate financial hearing and there is not going to be a major overhaul of FNMA. There was way too much obstruction from Warren and others on affordable housing and that is what FNMA and the GSE label basically provides.
the warner/cockers plan will be dead on arrival
480k sell vs 180k buy...but we havent gone down in PPS....anyone know why?
DEMARCO is on our side, i think....? any one hear what he said? Wants to end the NWS but stop the guarantee
lets go Menendez!!
there was alot of buying going on late in the day...doesnt make sense. I think watt keeps some money
What does that mean?
keep posting these...
I am assuming the decline is due to the Warner speech to the MBA? I mean their intentions are clear to wipe out shareholders. However it up to the treasury and corker and warner are reduced to beg for the congressional approach. Mnuchin is being advised by Paulson (business partner) and is about to appoint the deputy treasurer to Brooks who is currently a FNMA executive.
I dont feel great about this sell off but I still have hope based on the close ties
Im not sure about buying more but I have a nuclear missile ready to launch if I hear recap and release plans w/o warrants. get behind my massive buy order if you are not in already
has anyone heard Trump say 1 word on the GSE future? the previous admin wasn't bashful about calling for them to be wound down. From what I hear in interviews reporters are specifically told not to ask about them.
any speculation as to why?
Word I am hearing is that the Moellis plan is to get legislation pointing in the right direction and that they dont have any plans on exercising the warrants. IMO they will buy back the warrants for 10b and shred them.
chairman of the senate finance committee
Hatch voted in favor of the Housing and Economic Recovery Act of 2008.[28] The bill authorized $300 billion to guarantee mortgages and restore confidence in Fannie Mae and Freddie Mac.[29]
yes but being deputy secretary treasury is priceless and will go a long way in his career moving forward. Brooks and Mnuchin will be earning millions per year for a long time to come. Not sure who is making the case that he is bailing off a sinking ship but I happen to be a bit more positive in my thought that a freaking FNMA executive who is in charge of the legal department and government and industry relations is a huge positive for shareholders.
what is his salary at FNMA?
SO a Fannie Mae executive is set to be appointed to Deputy secretary Treasury and our PPS falls today. WTF hahaha ridiculous.
Im not surprised, I have been telling this board for a while the links between Mnuchin and Brooks. From what I know they both think the taking of FNMA was bull shit and want to return to shareholders.
let me get this straight, the best plan so far for commons has a top upside of $10 pps?
First step is what John Paulson did last week....Trust me when I say this, DT and Mnuchin listen to what he says
per your research what debt did FNMA ever default on?
Keep in mind a trump economic advisor and a big league business partner to Steve Mnuchin released a plan for recap and release (basically). Let's go!!!
he did mention shareholders getting their money back but not sure what that means...obviously the market didnt think too highly of this either. I would like to see the full interview...anyone have a link to it?
the govt has the option to buy these shares for 480k not sell them for that amount. they can sell them whenever they want at market price which right now would be 10b. If announce the sell the market will price that in (assuming no NWS) and they can get 10x revenue. Calculating PPS absolutely factors in number of shares
Paulson and co addressed the penny warrants in their proposal and I thought it was more than fair. The govt had a similar stake in AIG and their sell should be treated the exact same way in the GSEs situation.
Having said the the penny warrants have not been exercised and they simply hold the option to buy the stock at 1/100 of a penny per share up to 4.8b shares. I am hoping they will not exercise this for any other reason than to provide capital.
there could be insider trading issues
There is no need to sell all the warrants, selling 1b or 4b nets the govt the same amount of money.(assuming they announce the sell in a future date and allow the market to correct the PPS)
Someone will hear word of this plan being accepted by DT and Mnuchin...resulting in a 100m buy order. good luck getting back in
This is huge IMO...John Paulson is Trumps economic adviser and close business partner to Mnuchin.
does anyone have the full interview? I don't see this being great news but it is definitively positive for preferred shares.....i guess the reason why they shot up today.
when he says getting money back?? what does he mean by that?
ya right, mnuchin is all about releasing FNF....all his friends are huge shareholders. His inner circle at OWB is now an EVP at fannie......and Trump is releasing info to infowars about releasing. WE ARE GOOD
Odds of winning a powerball are 1: 153,000,000. I think we fare a little better than that.
http://www.zerohedge.com/news/2017-05-31/gary-cohn-would-love-be-next-fed-chairman-report
remind me how many shares Gary Cohn owns of FNMA?
I cant see Mnuchin screwing over stock holders and I think if you look into who holds the stock and their relationship with Mnuchin you will come to the same conclusion. its not if but when
problem with trying to trade this stock is that if REALLY good news hits there will be a multi-million dollar order that will jack up the price a couple of dollars. If some whale gets the news it could be 5-10 dollar jump before you ever hear the good news....which always leaks
he will....
The move to sweep all profits “violated the rights of thousands of shareholders across America,” Paulson & Co. said in an e-mailed statement. It said the government’s action also violated the law enabling the takeover of Fannie and Freddie. “This action should be reversed, and we look forward to an outcome that restores the rights of shareholders in these companies.”