Recent

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

Валгрин Ко. Message Board

big.yank 518 posts  |  Last Activity: 1 hour 51 minutes ago Member since: Jul 28, 2010
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 9, 2016 7:25 PM Flag

    For plaintiffs, this IS the smoking gun. It's the piece of evidence that ruins objections to all alleged government misdeeds except Amendment 3.

    Read 'em and weep, bozos.

    Checkmate. Game over. You lose on most everything.

  • If Fannie Mae agreed to pay a $170 million settlement to shareholders over pre-conservatorship reporting of the risks of sub-prime and Alt-A mortgages, why has sue not be posting anything about this potential smoking gun?

    How about that, sue? Don't you think this is worth looking into?

    JMHO.

  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 9, 2016 4:28 PM Flag

    If the government cooked up some elaborate scheme with big banks to take over Fannie Mae amid gobs of outrageous claims that they put them in a conservatorship that wasn't needed, why nonetheless did FNMA which remains a public company agree to a $170 million SEC settlement with shareholders of record from November 8, 2006 to September 5, 2008 for under -reporting risks associated with sub-prime and Alt-A mortgages?

    C'mon, sue. Cut & paste us an answer, would ya?

  • Reply to

    Is the dividend sustainable?

    by kmcmahon38 Dec 29, 2015 11:23 AM
    big.yank big.yank Dec 30, 2015 9:39 AM Flag

    No, the dividend is being paid by advances from contracted purchasers. The CQP divvy is secure and only destined to rise as export shipments commence shortly.

  • big.yank big.yank Nov 8, 2015 4:42 PM Flag

    FNMA share price dropped from $62 a year earlier, to $7 prior to the conservatorship. Sounds to me like you are thinking of the old country music sing, "Looking for love in all the wrong places."

    Fannie's board and senior exec's OWN the responsibility for most of the losses experienced by retirees and mutual funds. They should have spent less time in the lead-up years lobbying for more freedom/less regulation, and more time contemplating the logic of sucking up Alt-A and subprime garbage paper.

  • big.yank big.yank Nov 23, 2015 10:05 PM Flag

    First they threw anchovies and stinky cheese on Old Julius, then they made a salad out of him and ate him alive.

    More croutons, anyone?

    "Tim Howard" is having another seizure.

    LOL.

  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 11, 2016 10:45 AM Flag

    You are very far afield of the truth. Judge Crotty has been involved in Fannie Mae litigation longer than any other jurist in any other Fanniegate case. He has heard it ALL,I can bet. His earlier decisions in related shareholder suits go back at least as far as 2012.

    JMHO.

  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 11, 2016 10:12 AM Flag

    No, you don't get it at all. Judge Crotty's decision establishes legal basis for assigning blame to the GSEs and away from government in the period leading up to conservatorship. It leaves Amendment 3 as the "last man standing" among claims that the government inflicted harm on GSE shareholders.

    JMHO.

  • "el sue" is the bad sue that spreads bull, and smells like one.

    Hope this reminder will be helpful to all investors here.

  • Reply to

    Is the dividend sustainable?

    by kmcmahon38 Dec 29, 2015 11:23 AM
    big.yank big.yank Dec 30, 2015 9:41 AM Flag

    Wrong. The deals are under contract under largely fixed terms and assured margins.

  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 10, 2016 5:51 AM Flag

    If it was the company, not the government that committed fraud, your only recourse would be against the company. I have saying this for MONTHS. The suits against the government were filed because Uncle has deep pockets. Not because Uncle did anything wrong.

    JMHO..

  • big.yank big.yank Nov 26, 2015 1:49 PM Flag

    Very true, and very well stated. Anyone wanting background can read the link I posted, last week, on investorshub, or put "Paulson Fannie Russia China" into Bing or Google.

  • This blog HIDES behind the name and identity of Fannie Mae's former Chief Financial Officer, attempting to "borrow" legitimacy and credibility by inferring some connection to a key, former insider from within the organization. SUX to be so dishonest and deceptive in a disingenuous IMPERSONATION of another person.

    And who keeps spreading this SCAM? Maybe somebody needs to be SUEd.

    JMHO.

  • big.yank big.yank Nov 27, 2015 2:46 PM Flag

    You need to learn the difference between a short and a basher. A short investor is playing the downside. It's like the craps player in Vegas that plays the "Don't Pass" or "Don't Come" lines; the difference is that at the table, nobody rants and screams about someone having an alternative view on how to make money. That is was happens HERE. There is NOBODY I see trolling as a basher on this board, with only rare exceptions noted over the YEARS I have followed Fannie, here. I can't same about the pumpers. Especially the losers that run the gamut from the insane ones like sam and cheese, to the more clever fruitcakes like Sue or chessmaster315 that mostly just keep posting the same rubbish, over and over again, with rare exceptions to add something new to the conversation.

    The one thing I have not had any oversight problems with identifying the #$%$ that want to insult, put down and attack with vile sexual, political and/or racial innuendo (or worse) to try and win the argument for their "side" by extreme cyber-bullying and shock rhetoric of sometimes so disgusting and low content that it sickens my stomach and sense of human dignity, concurrently.

    DISGRACEFUL. This board has even had the EXTREME of death threats made against the President and many, other government officials because they weren't "playing ball" with the greed-driven agenda's of "investors" in Fannie Mae & Freddie Mac stock. To those sick individuals... I hope you die in penury.

  • big.yank big.yank Jan 15, 2016 8:45 AM Flag

    More plaintiff propaganda being spread by shameless sue and her agenda of pumping Fannie while its stock collapses, day by day.

    Thanks, sue, for being among the biggest disgraces ever to post on Yahoo Finance. You are nothing but a shill, with dozens of alternate-ID's you use to then compliment yourself. SUCKSTOBEYOU!

  • Reply to

    We will skyrocket.....

    by mrknuckles2010 Dec 29, 2015 11:59 AM
    big.yank big.yank Dec 29, 2015 2:54 PM Flag

    His name must have been mr.chuckles, the wussypussy.

    LOL.

  • Reply to

    Did everyone forget about Judge Crotty?

    by big.yank Jan 9, 2016 4:06 PM
    big.yank big.yank Jan 10, 2016 8:25 AM Flag

    My belief all along has been that Amendment 3 will be overturned in some way, shape or form as determined in the courts. The conservatorship, warrants and other challenges will never fly in the face of so much evidence that Fannie Mae desperately needed saving. So, my view on the math here is fairly simple. There is no way the court is going to determine that the bailout funds should not have been repaid. So that amount is bullet-proof. So we can all argue over how much was actually "overpaid" but just to make things simple, let's say that amount was $50 billion. That was the number recently cited by Fannie's CEO, Timothy Mayopoulos.

    So if you study the breakdown of the SEC settlement approved by Judge Paul Crotty, 73% was apportioned to common shareholders and 27% was apportioned to preferred shareholders. So if the warrants remain and become actualized by the government, 79.9% of that award pool would go back to them, anyway. So the common award pool would be $36.5 billion, of which $29 billion would still belong to the government. That leaves $7.5 billion for all other common shareholders. That's about $6.80 per common share. The Senior Preferred shares held by government likely get cancelled, leaving a pool of $13.5 billion to be split in some fashion. The math clearly favors the preferred side.

    JMHO.

  • Pretty nice interview. Low keyed, but positive about the longterm outcome based on positive developments completed over 7 years of conservatorship and hope that Congress will eventually clarify what they intend. Interesting support for the GSEs from Toll Brothers CEO who appeared on CNBC, earlier in the day, and put in a big plug for their role.

    Might see a lift from this.

  • "Long's nuts roasting on an open fire
    Jack Lew nipping at your nose
    I'm getting tired of these suits by big liars
    And Corker screaming, loudly: Fannie blows.

    Berkowitz's a turkey, Perry and Ackman will eat lottsa crow
    Hindes and Jacobs aren't very bright
    Tiny brains with their law teams in tow
    Will find it hard to win this fight

    You know Fannie plaintiffs have no effing way
    They just pay lawyer's bills each night and every day
    And every mother-expletive is going to cry
    When I determine this suit's never gonna fly.

    And so I'm offering this simple phrase
    For all bagholders when your margin calls come due
    Although it's been said, many times, many ways
    If you're long Fannie, you're screwd.

  • Ask Roger Penske when he bought KMart's service group. Ask Eddie Lampert when he bought Sears Auto Service group. Too much overhead in service. Too little qualified mechanical labor. Rising interest rates will rejuvenate leasing requiring dealer service. Longer factory warranty periods stretched to 10 years on some makes. Ask Lampert about a pure retail auto parts play like Auto Zone vs. an installer/service duopoly.

    Bridgestone was smart to back off this deal.

WAG
0.00(0.00%)