Recent

% | $
Quotes you view appear here for quick access.

Federal National Mortgage Association Message Board

  • fredflavius fredflavius Jul 7, 2013 8:32 PM Flag

    Perry Capital Sues U.S. Treasury Over Fannie Mae Takeover

    just hit the ticker on bloomberg
    Perry Capital LLC, an investment manager, sued the U.S. Treasury Department in federal court in Washington over 2012 changes in the takeover of Fannie Mae and Freddie Mac, claiming shareholder value was destroyed when the government boosted its dividend to cover all profits from the housing financing agencies.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Pretty Awesome News !!

      lol sully

      Sentiment: Strong Buy

    • my own thinking is this - olson means we go over 2 bucks by 10 am - i mean this is Ted Fricken OLSON - of Bush V. Gore - guy bodyslammed David Boies - that's like not technically possible - i mean who is gonna argue the governments position??? - some newbies on sequester workin 3 days a wk. LOLLOLLYLOL - PERRY lit a long fuse on this one on Independence day and KABOOM- i also think that the accumulation all the way up to 5 was not retail investors - THIS IS PROOF - hedgefunds are and were accumulating - and so this is not a squeeze - THIS IS REAL NEWS - we got ourselves a #1 jockey - i can't imagine better news on a slow steamy sunday eve

      Sentiment: Strong Buy

    • rutcher which represents the plaintiffs, said in a statement yesterday about the new case. “If the government wanted to assume the powers of receivership, it could have chosen that course.”
      With the third amendment, taking all profit, the government overreached, and exceeded the legal boundaries of the statute, Olson alleged.
      “Treasury’s additional profits from the third amendment are enormous,” Perry Capital said in the court documents.
      Fannie Mae and Freddie Mac paid the Treasury the biggest dividend in history of $66.3 billion on June 30, according to the claim. Without the third amendment, Treasury would have collected $4.7 billion, the plaintiffs said.
      The case is Perry Capital LLC v. Jacob J. Lew. 13-cv-01205. U.S. District Court for the District of Columbia (Washington).

      Sentiment: Strong Buy

    • The fact that Perry Capital is not asking for monetary settlement in of itself demonstrates a sincere effort to rectify a wrong done to investors in FnF.

      Sentiment: Strong Buy

    • ohmygoddard@gmail.com ohmygoddard Jul 8, 2013 3:49 AM Flag

      F SPARTA!!! This is AMERICA!!! :)

      Sentiment: Strong Buy

    • Just woke up turned on the computer and what did I see !!! Holy Moly ... Again more blockbuster news ..

      All I could say is outstanding.. You folks already on the job said the rest !!

      Buckle Up !! Here comes that Rocket Ride !!

      Best of Luck to all you long that have been hanging tough...

      lol sully

      Sentiment: Strong Buy

    • Should be very interesting tomorrow, and for the foreseeable future, until fundamentals-based price is finally reached (around $160 per share.) It's only a matter of time. The fundamentals, Constitution, laws, and facts support our case for full restoration of our rights.

    • lcald67 • Jul 5, 2013 7:24 PM1users liked this postsusers disliked this posts1ReplyThere better be some monster news this weekend...lol

      Behold... this is the monster news. Shorts will run for cover. Spike tomorrow.

    • from insidermonkey
      Richard Perry - a MBA graduate from New York University's Stern School of Business - started his career working in the Risk Arbitrage department at Goldman Sachs. He also worked as an adjunct associate professor at the Stern School of Business at New York University, where he taught a course in the finance department. He went on to co-found Perry Capital in 1998.

      Since then, Richard Perry's Perry Capital has had a record of beat the market, underperforming it only once, in 2008. Richard Perry has accomplished this by taking on very little risk. Taking an event-based approach to his investments, Richard Perry looks for companies involved in mergers and acquisitions, bankruptcy, spinoffs or another type of restructuring. From there, he picks companies that are willing to work with him to make changes that unlock value. He also likes to talk to the CEOs of the companies to try to gather insights nobody elseÊhas. Perry then combines tis information with information gleamed about the company, its industry, its market, its competitors and its suppliers. If the company hasn't considered restructuring, Richard Perry and his team may suggest it, even be investing in the stock. In other words, Richard Perry is an activist investor but, unlike many other hedge fund activists, he chooses to avoid uncooperative companies altogether.

      Sentiment: Strong Buy

    • It looks to me like the tide is turning in our favor. I don't want to sound like a pumper, but this is BIG. To be continued. :-D ^^^

      Sentiment: Strong Buy

    • View More Messages
 
FNMA
1.98+0.01(+0.51%)10:36 AMEDT