is...waitin for the government to get rite for the people
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Nah, it's just the cat growling at the Christmas tree.
What is happening. Someone is being festive for a change.
LETS GO!!!!!
Wheres the choo choo gang sign.
You cant suck me in. were at 3.01. #Deep state. Arnold where are you
agree
looks like we called the bluff today.
WASHINGTON (Reuters) - A U.S. appeals court ruled on Wednesday that a component of the Obamacare law is unconstitutional but stopped short of declaring that the rest of the landmark 2010 healthcare statute must also be struck down.
The New Orleans-based 5th U.S. Circuit Court of Appeals ruled on a 2-1 vote that the law's individual mandate that directed Americans to obtain health insurance - a provision already gutted by Republican-backed legislation passed in Congress - was unlawful.
But the court avoided answering the key question of whether the rest of the law can remain in place, instead sending the case back to a district court judge for further analysis.
All this glub, glub got me tired out. It's almost vacation. Cuzzin Arnold is due too. Not trading. Arnold will not get my Christmas shares. 50 cents or not. I refuse to lose.
Tax selling is already over as of Nov 30. This is us bending over. The price moves like clockwork every year at this time. S.O.S . Only diff is we awaite news or I'd be out
Wheres our cuts that we never see. R.O
Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in U.S
BY Reuters
— 10:04 AM ET 12/17/2019
By Jonathan Stempel
NEW YORK (Reuters) - Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC) for a decade.
The preliminary settlements filed late Monday night in federal court in Manhattanrequire a judge's approval, and would conclude private nationwide antitrust litigation brought against 16 defendants, with settlements totaling $386.5 million.
Barclays (BCS) , which underwrote the most Fannie Mae (FNMA) and Freddie Mac (FMCC) bonds, will pay $87 million.
Bank of America (BAC) , BNP Paribas , Cantor Fitzgerald, Citigroup (C) , Credit Suisse , HSBC (HSBC) , JPMorgan Chase (JPM) , Morgan Stanley (MS) , Nomura , Societe Generale , Toronto-Dominion and UBS will separately pay a combined $250 million.
The banks denied wrongdoing in agreeing to settle. Deutsche Bank , Goldman Sachs (GS) and units of Tennessee's First Horizon previously settled for a combined $49.5 million.
Investors including Pennsylvania Treasurer Joe Torsella had accused the defendants of exploiting their market dominance to overcharge for Fannie Mae (FNMA) and Freddie Mac (FMCC) bonds from Jan. 1, 2009, to Jan. 1, 2019, and keep more profit for themselves.
The civil case began after a published report said the U.S. Department of Justice had opened a criminal price-fixing probe related to the bonds.
According to an amended complaint, the 16 defendants underwrote $3.97 trillion, or 77.2%, of Fannie Mae (FNMA) and Freddie Mac (FMCC) bonds from Jan. 1, 2009, to Jan. 1, 2016.
A spokeswoman for Barclays (BCS) declined to comment on Tuesday. Lawyers for the investors did not immediately respond to requests for comment.
The Manhattan court is home to an array of private litigation accusing banks of conspiring to move various bond, commodity and currency markets.
Fannie Mae (FNMA) and Freddie Mac (FMCC) guarantee more than half of U.S. mortgages.
The so-called government-sponsored enterprises, or GSEs, have been in conservatorships established by the Federal Housing Finance Agency since taxpayers bailed them out in September 2008, with profits swept to the U.S. Treasury.
On Sept. 5, the White House announced a plan to return Fannie Mae (FNMA) and Freddie Mac (FMCC) to the private sector. FHFA Director Mark Calabria has said he hopes to complete the process by 2024.
The case is In re: GSE Bonds Antitrust Litigation, U.S. District Court, Southern District of New York, No. 19-01704.
How does a bullish stock lose money. Wtf
LETS GO!! ITS TIME. GO FnF!!!
Conservatives Roast Treasury’s GSE Reform Blueprint
dhollier@imfpubs.com
The Treasury Department’s much ballyhooed plan for housing finance reform received some rough treatment at a Federalist Society event in Washington, DC, early last week.
The event began with a short speech by Federal Housing Finance Agency Director Mark Calabria, who used the occasion to highlight some of the accomplishments of his agency during his first eight months in office. The libertarian-leaning director shares a conservative philosophy with many of the people in the audience. Nevertheless, after Calabria left, a panel of housing experts assembled by the Society proceeded to roast both him and the Trump administration’s reform plans.
One of the main goals for Treasury and FHFA is to recapitalize Fannie Mae and Freddie Mac and then release them from government control. The objective, as Calabria frequently points out, is to remove the risk of failure from taxpayers and put it squarely on the shoulders of shareholders.
But Ed Pinto, director of the Housing Center at the conservative American Enterprise Institute, sharply criticized the idea that the government owes GSE shareholders anything. “In my opinion,” he said, “the taxpayers are, in fact, the true stockholders. Emblazoned on every share of stock and every mortgage-backed security issued by these companies it says: ‘These securities are not backed by the taxpayer or the federal government.’” For the full story, see the new edition of Inside The GSEs, now available online
Like Friday never happened
Am I on the wrong site to find Sweenys OP? I cannot for the life of me find the document on here that everyone posted
https://www.uscfc.uscourts.gov/opinion-search
A jobs a job. gettn paid is all that matters. on another note why would I even think commons arnt worth dub to trip more than they are today. after a conversiin you speak of they would only dip to the 5 or 7 everyone speaks of. justify that
mo kaaaabooommm!!
I know just the man for the venture. CJ Wilson.
Turning into a KAAABOOOM kinda day. Just like that weekend in 2008,
All the loyal years we've put in as investors. We deserve thousands as a bonus for Christmas. Hell maybe a Ferrari will do. These mortgage companies have been killin it. Employees get caddies why shouldn't we all get a dip!
Going alongwiththevibe. A pop is coming. The lids gonna blow off. We are due. This nickel a day will go away. Shorts are cold and have lost all their ammo now. LEYS GO FnF!!!
Sell your short to me
I've lost count, anyone have it. Were on record amount of consec green days now I believe. It's been a long time since Dec has been profitable
Allow it to be manipulated more widely
Funny how Corker was able to disappear. Nobody talks about that corrupt S.O.B anymore
Time here is a drop in the bucket compared to the next 200 years of history coming. One thing we do know is that contract obligations come to term in the next year an a half no matter what court outcomes. Which I expect nothing. When we have a kangaroo Congress like we do we all kno nothn else will have any chance.
Serious question. Has anyone ever noticed the glitch in the common price on any given day when up or down fnma is always a tick higher or lower. Why is this oddity. ??
We are one of those finacial links that doesnt exist properly.
https://www.google.com/amp/s/www.vox.com/platform/amp/2019/12/6/20995871/supreme-court-obamacare-maine-community-moda-health-land-of-lincoln
Laws need to change. Bottom line. Dems loosing means we win. housing boom will be coming. That alone may carry us for many years.
This has to be sarcasm
there was a time whn I felt like I knew why we made price moves. im not so sure anymore...
Feeling like a prize fighter brought to his knees today
Mark Bloom, why do I care.? There is like 100 of them out there.
http://archive.fast-edgar.com/20191202/AIZ8722C3Z2229HZ2IJM2ZZ24O9DZ22RZ2B2
BRIEF-Freddie Mac Says Housing Market Continues To Stand FirmREUTERS - 35 MINUTES AGO
Nov 27 (Reuters) - Federal Home Loan Mortgage Corp :
* FREDDIE MAC (FMCC) NOVEMBER FORECAST: HOUSING MARKET CONTINUES TO STAND FIRM
* FREDDIE MAC (FMCC) - ECONOMY HAS SEEN INCREASED VOLATILITY IN NOVEMBER AS HOPES FOR A FAVORABLE RESOLUTION TO TRADE DISPUTE HAVE RECENTLY WANED
* FREDDIE MAC (FMCC) - FORECAST IS FOR HOUSING MARKET TO MAINTAIN MOMENTUM OVER NEXT TWO YEARS
* FREDDIE MAC (FMCC) - GIVEN LOW INTEREST RATES, MODEST INFLATION AND A SOLID LABOR MARKET, U.S. HOUSING MARKET CONTINUES TO STAND FIRM
* FREDDIE MAC (FMCC) - EXPECTS TO START DISTRIBUTING ITS FORECAST ON A QUARTERLY BASIS BEGINNING IN 2020
* FREDDIE MAC (FMCC) - OVERALL, EXPECT ANNUAL MORTGAGE ORIGINATION LEVELS OF $2.1 TRILLION IN 2019 AND 2020
* FREDDIE MAC (FMCC) - AVERAGE 30-YEAR FIXED-RATE MORTGAGE RATE IS FORECASTED TO BE 4.0 PERCENT FOR REMAINDER OF 2019
* FREDDIE MAC (FMCC) - AVERAGE 30-YEAR FIXED-RATE MORTGAGE RATE IS FORECASTED TO DECREASE SLIGHTLY TO 3.8% IN 2020
The Supreme Court will hear oral arguments on March 3 in a case challenging the constitutionality of the Consumer Financial Protection Bureau, according to an updated court calendar released Tuesday afternoon.
The high court in October agreed to review a challenge by California law firm Seila Law to the CFPB’s leadership structure. Created by Congress, the agency is headed by a single director who is removable by the president "for cause" only. The key question at issue is whether the for-cause removal protection violates the constitution’s separation of powers.
The court has directed the parties in the case to argue whether the for-cause provision can be severed from the rest of the statute in the event the CFPB's structure is found unconstitutional.
In September, the CFPB changed its position on the issue, agreeing with the plaintiff that its own structure is unconstitutional. The court appointed Paul Clement, a partner at law firm Kirkland & Ellis, to defend the CFPB’s constitutionality. A decision is expected by the summer of 2020
well then all we need is the hammer to drop decalre nws void drop 187bill in the gov pocket give us the rest and we will set 20 billion aside to bail ourselves out. its simple except we have kangaroo congress and nobody wants to be that guy if they somehow fail anyway. they better do sumtn or it will fail anyway.
very fitting lol. surprised someone who draws hasnt started a cartoon skit on this saga. millions to b made there
your only allowed one boom every month and one kaaboom per quarter from here on out
I started with 88,000 fmcc shares and have virtually nothing now. I dont understand how this would affect since they have all been sold or traded many times over now. rights are gone