AIG was almost brought down because of speculative credit default swaps, IMO. It is gratuitous for Greenberg to blame anybody but himself and AIG for their demise. Boise is like the lawyer in a divorce caase trying to argue that the imposed settlement was too extreme because his client never, ever did anything wrong.
Seeking Alpha nailed it, big time. David Stockman is a hero for trying to save Collins & Aikman. Perry/Ackman/Berkowitz are P-I-G-S.
Shut these GSE's down before they need another bailout.
Enuff is enuff. Put FnF down before they set off another financial meltdown and sink the U.S. economy yet again.
The administration at investorshub frankly baffles me. They allow narrow-agenda alpha males like jimw2 to become board moderators for stocks like Newl, then permit them to trample all dissenting views by hiding behind the secret veil of Terms of Service which gets interpreted differently for different people in some arcane and hypocritical manipulation of content. I have seen both pumpers and bashers similarly empowered by I-hub arbiters. I have speculated that such manipulation violates SEC rules, an opinion that earned m virtual persona non grata status where pretty much every post I make gets deleted as off topic. Recently I posted 4 messages that reprised earlier posts that were allowed to stand as acceptable. The entire post was the link to the original message, no different than bumping up a post as occurs daily at I-hub and is not a violation. All 4 were immediately deleted. Then when I report a post with obvious violations like dropping the F bomb or attacking other posters, those messages are allowed to remain but my most recent posts are hacked in some form of childish retaliation.
I rarely post there anymore because my sense is their arbiters manipulate content, possibly to enhance their own investment long or short opinions, much like got the WSJ in so much trouble, years ago. One reporter actually went to prison in that famous case.
I am not giving up on NEWL and hold a substantial position. I tried to add shares at $.06 yesterday but my trades would not execute though many other trades were made at that price throughout the day. Tells me someone is holding the price down artificially.
Yeah, we all remember you too, and your numerous negative posts, daily, trashing Newlead, libeling the company and insulting and assaulting any investors that still held any shares or belief in the future prospects. Hey, you and the small group of cohorts that shared in this campaign to malign NEWL and drive down the S/P deserve full credit for success. Your actions have devalued NEWL stock and, yes, many investors did lose 99% of their investment due to your actions. Losses to investors here are well into the millions.
So why are you still here? Is it some sick preoccupation with killing off the last remaining 1% in value? You can't short it on the greys, there's too little trading volume to snap up cheap shares and day trade them for a fast buck and no other purpose to sustaining a campaign of scorched earth to eviscerate the entrails of a poor, likely dying microcap stock. If you are just trying to torment people, maybe you could try scanning your local newspaper's obituary page for names of the recently deceased. You could then find them via Facebook or google and call or e-mail them with taunts about how funny you think it is that their relative just passed away.
Your actions on this board are not very remote from my analogy.
You are a SICKO!
The goldmine is coal which NEWL predicted should commence some time in Q4/2014. Also bear in mind that NEWL contracted to purchase coal with which to fulfill contracts until its own mines become fully functional. The "Transasia" red herring is just that... a disingenuous red-herring designed to head-fake investors into thinking "all is lost" with NEWL and discouraging investment.
There is a reason why a few hyper-active bashers lurk here and on I-Hub, 24/7, battering every positive message within minutes of its being posted. That is extreme interest for a beaten down, grey market penny stock. There is a reason why someone or some individuals want to scorch Newlead, and it can't be that Zolotas had that many scorned girlfriends.
The energy crisis lurking below the radar in Eastern Europe is a HUGE gamechanger with NEWL's future prospects, depending on how the Ukraine/Russia impasse plays out. Smart investors that hold shares here could see BK, or, could see an enormous, unprecedented rise in S/P. This is not a sure thing or a safe play for investors with anything less than a cast-iron stomach and a high tolerance for risk.
"Funds" is a broad term. If "funds" were largely derived from settlements with banks that the DOJ went after at government expense, that does not represent money repaid by the GSE, does it? Also, you skirt the issue of the warrants which were clearly part of the initial agreement. But most important, the agreement between the government and FnF basically gave all rights to the government. I'll not argue the point of whether shareholders got a good or bad deal with the bailout, but Paulsen says they would have gotten NOTHING if the government had failed to act with immediacy. Warren Buffett said the same thing, yesterday.
Nope. Nor did I include NYC or TBTF banks. So what? The point is that many former bailouts resulted in big proceeds awarded the government for saving failed or failing institutions. FnF and AIG shareholders are acting all hard-done-by and bent out of shape, demanding $ billions but only selectively choose examples of unfair treatment that support their agenda but do NOT represent the truth that similar gains occurred routinely spanning decades of government rescues and president's going back as far as Nixon.
Very nice pairing with eggs benedict, fresh melon slices and Blue Mountain coffee. Going to the pool, soon. Stunning weather here in Florida, today. Need a few rays after spending last month in Alaska and Western Canada.
I love vacation time. "Life is a beach." LOL.
$ NEWL $
Not hedge fund "investors" looking for some windfall.
Remember Penn Central? Remember Lockheed? Remember Chrysler? All these government bailouts SAVED huge, important economic engines with strategic value to America's future. And the government reaped rewards, over time, for their gamble to support the economy. JUST LIKE FANNIE. JUST LIKE FREDDIE.
What's different, this time around? Perry. Ackman. Berkowitz. GREED IS IN THE HOUSE!
Now THAT'S really funny. Me and blue are two of just 4 posters that detearing barred from his vanity board "toastmaster of winning distressed stocks" over on investorshub. Detearing hates me because I routinely ridicule his atrocious picks for stocks that cost unwitting investors HUGE amounts of cash... "great stock picks" like Sears, JCP, Radio Shack, Zynga, Crumbs and, yes, Newlead where he outposted my few supportive posts by 10X.
You are a ridiculous, pathetic JERK to confuse me with that jackazz. detearing is among the dumbest people ever to have a Yahoo ID, maybe ranking just ahead of YOU!
LOO. LOL. LOL.
Has a date been announced for this gala celebration of FnF's extraordinary wealth creation?
LOL, YOU in your earlier posts stated you made a pile of $$ shorting NEWL. The fact that your gravy train dried up after delisting is probably what turned you into the raving lunatic you have become. Your rabid posts remind me of Christine if she plugged her vibrator into a 220V outlet.
I have zero losses on NEWL stock because I have sold none, nor do I intend to do so anytime soon. May buy more, though. The window for commencement of coal shipments only opened yesterday. Read the 10-K. Lots of time for a big payday to become revealed. If you are looking for another shorting opportunity, it's still not too late to short FNMA & FMCC, though you missed the big days for cashing up.
If Bruce really meant this and had full conviction in this strategy, he would have jettisoned some of his LOSERS like SHLD following the meltdown and added FnF shares like crazy. Do you think be bought? I think he sold.
Well, christine, whatever country or culture from which you originate obviously left you ill-prepared to carry on a polite, rational conversation in English. Rudeness, stupidity and disrespectful discourse are hallmarks of only a few regressive cultures in today's global age of connectivity. Where are you from, dear, North Korea?
Good luck in your investing, though, and finding some way to better comport yourself so as to avoid future rude and sociopathic gaffes.
Ask any big law firm, off the record, that practices inside The Beltway. Throwing any Federal jurist under the bus is a death sentence in future trial work. Nobody will ever openly admit to the correlation, but the expression "persona non grata" clearly comes to mind. There is a huge difference between an appeal based on evidentiary issues and an appeal that basically claims "the judge was an idiot" or even more slanderous aspersions such as some have cast on this board that said the judge was "paid off" which is actionable and a VERY stupid way to express disappointment that your investment tanked.
Dude, contracts and agreements are frequently structured where no further judicial review is permitted once a deal is struck. This covenant exists in every bankruptcy proceeding and huge numbers of civil suits that seal transcripts, prevent disclosure of settlements, etc. It's just like the indemnity agreement whereby the GSE's agreed to pursue no wrongdoing by the government in structuring or implementing the bailout. AIG had the same kind of structure in its bailout which is why the Greenberg cases will surely be tossed.
Those shareholders willing to wait things out will be glad they held, and possibly very handsomely rewarded.
There WILL be news.
Forget the demonology of the short mentality. Most of them are "short" in more ways than one.
Appearing on CNBC today, Buffett stated AIG was within 24 hours of filing for bankruptcy when the bailout was put in place. Boies is going to get his head handed to him. Shortly thereafter, the remaining FnF suits will get thrown out because the risk was KNOWN to investors.
The only possible pending actions that could find some traction are the recent legacy suits filed by Ackman claiming harm to longstanding investors. Due to the indemnity agreement in place between the Feds and both GSE's at the time the bailout was put in place, any damages awarded by the court could only be taken from current shareholders, not the U.S. government..