One must be in Animal Husbandry which he actively practices with you.
This report has absolutely NOTHING to do with Fannie Mae. Why is it discussed here? Because its author once wrote some pro-Fanniegate garbage?
Yellen's "secret" is also Fannie Mae's little secret, and the debunking of litigant claims that the government forced toxic loans on the GSEs, making government the reason for conservatorship and/or the sweep. Under QE, the government relieved the paper that briefly eased the bank liquidity part of the crisis. This is my conclusion after a lot of study, long on intuition and sadly short on factual confirmation. But my opinion remains. This Yellin piece only supports my premise.
Scarred? What a hoot. I actually delivered about the worst insult to JohnDeere1 possible... I exposed him as being YOU.
Yeah, sure. But your FELLOW TRAVELER JohnDeere1 fills in very nicely for you under that other ID.
You can fool a lot of the rubes on message boards. That does not include me.
Now enjoy your reign on this cesspool until Yahoo pulls the plug. Then take a hike.
Well, JohnDeere1, you are your little "club" also made the investors-hub message board useless so feel free to share the limelight. At least on Yahoo we don't have a team of 6 moderators who are all devoted longs that try and suppress anyone with a hint of question about FNMA's future. And YOU are one of their primary stooges in the assault on intelligent discussion as it gets subverted into a pumper's Nirvana.
Please stay off the new board. You belong here in the cesspool.
If my prediction is wrong, I'll man up and admit it. Do you think Seeking Alpha will do the same if I'm right and they are wrong? I was the lone voice on this board that predicted Judge Thapur would recuse himself. Did you see any posts acknowledging that I got it right? Nah.
Instead of awaiting someone else's prediction to be disproven, why don't you try making a prediction of your own on something that could lead to an investor discussion? I am bored to death with sam and fuhkface domination of all the pixels on this board.
The initial case was filed October 23, 2015 and has generated 50 court filings, to date, over its run of some nine months. This case has likely racked up total legal, taxpayer and judicial expense well into the $ millions. Anyone know how many shares this plaintiff actually owns that created this enormously expensive legal affront that now must basically start over? Is this really worth it to pursue? The plaintiff told the judge to just sell his shares for $2. At that same metric, what would that same strategy cost her? Based on her purchase timeline reported as September, 2008 it is highly doubtful she has suffered ANY losses on her investment. She then had four years to sell it and move on to another investment before Amendment 3 became reality.
I hope that Judge Caldwell will consider these questions.
I brought up the likelihood of interest rate pressure creating derivative losses for both GSEs in Q2 some time ago. Of course, no one wanted to discuss the possibility of a new round of Treasury draws if earnings fall below threshold requirements. Nothing new in that. All most want to discuss here is huge predictions of gains with every bit of news or any prediction. Just like today's Seeking Alpha garbage thinking it might be sound strategy to buy in advance of earnings in case UST decides to recap or release. Anybody with a brain think this is really likely. The much more probable outcome would bean immediate crescendo of "Here comes another taxpayer bailout" from the Corker cabal.
I suggested the other day that the letter sent Watt signed by Corker and five of his cronies to not refi or release the GSEs probably came from a pretty likely awareness on his part that the Q2 numbers were going to suck, BIG TIME.
So here's my prediction. There will be substantial hedging losses for Q2 and declining income from other sources as I referenced in earlier posts. Freddie will require a Treasury draw. Fannie will simply have no contribution to Treasury for the quarter. This can only inevitably lead to the conclusion that the GSEs cannot be released and must be replaced. If this happens, you Pollyanna's may get another buying opportunity below $1.
Now most of you can go back to the real man's work of bumping old posts, congratulating sam, pretending to be sam or crafting the usual daily dose of fuhkface messages.
LOL .I would never short a $2 stock. I am thinking about shorting Priceline if euro-zone drag starts to affect business travel.there. If I decide to go on that, I'll hedge with a position in AirBnB because vacation travel will be resurgent in Great Britain with the pound dropping to 1/1.3 against the USD. Business travelers use PCLN, vacation travelers use AirBnB.
Yes. For preferred shareholders, it is called liquidation preference @ $25/share. For common shareholders, the precedent is called LICK YOUR WOUNDS and eat gruel as your shares get cancelled and become worthless.
Yes, I was wrong. And, yes, I lost money. So what. Did you make any money by being a despicable blight?
I actually did own a lot of Amazon that I bought at $10.15. That's what investors do. What trolls do is berate other people with 20/20 hindsight, gloating that someone else lost money. Then there are the REAL creeps like you that stalj and harass other posters they dislike onto unrelated message boards like Dendreon so they can continue to spew HATRED for no other reason than to be a total dlckhead.
That would be you.
What a hoot. Yes, I personally destroyed the Baltic Dry Index, the Greek economy, Greek Banks and numerous companies like Newlead and FreeSeas, as well as the coal business in toto... not just Newlead's little, struggling venture, but the entire industry that has thrust major players into the BK abyss.
Forget it, loser. I'm an investor that lost a lot of money here. And so I move on. I'm not desperate to find a scapegoat for investment choices I made on which I made a miscalculation. Others might think to consider a similar dilemma where their losses might have been avoided had they done proper vetting of potential business partners instead of optimistically charging ahead with some arrangement that required rose colored glasses to pan out.
I am not Jan Berkowitz, I am an investor that lost money on Newlead stock. You can ask Melissa Gill for confirmation, if you wish. Now, please, DROP DEAD.
Thanks in advance for complying.
No, like my buy decision comes from someone who was highly critical of Cook and bailed out months ago after the security whoopla in San Bernadino. Time to forgive and forget to make $$$, you rude prlck.
Time to move on and just take the tax offset. The lawyers killed this one.
My choice. Nobody forced me to buy a position here.
Good luck to remaining longs and to the company and its employees. The entire sector is a red blanket, not just this poor company in the wrong place at the wrong time. And to the maggots trying to bleed the cadaver dry before interment... enjoy the bad luck and karmic debt that accrues to you and those around you in life.
I really think you need to wait until Q2 results are released before you start issuing too many kudos to existing management. That would be especially true in the case of Freddie Mac.
The results could well indicate that "staying the course" only leads to another meltdown if nothing changes.
Who is going to introduce the controversy? Besides, the risk already exists because "FHFA" is the omnibus substitute for Fannie Mae and Freddie Mac. Who wants to risk that a contest on this leads to separate actions for each case? Or, even worse for plaintiffs, that the court decides FNMA and FMCC are the true defendants, not FHFA or UST? This is what Pagliara's recent actions put at risk in confronting the GSEs BOD's.
Very dangerous turf.