Read the transcript of the Brokaw interview. The entire transcript. Paulson says no immediate plans for immediate action because there was already Congressional approval of back-up financing and the appointment of an empowered regulator. Then the AIG roof fell in and altered the state of urgency.
The content of this Meet the Press interview leaves very little to the imagination regarding the precarious position FnF were in, and the extreme risk to the US. economy during the meltdown period.
No, chess-loser, the biggest lies on this board originate with you when you make outrageously untruthful statements. Then, when you get called out on their factual inaccuracy, you delete your post and hide out, pretending you never said them. That's about as low and cowardly as it gets.
Yesterday you claimed Paulson stated in AUG/2008 that Fannie was in good financial shape, then illegally seized them 90 days later with no justification. When I replied with the facts that ensued during tat 90 day period, you CUT AND RAN from the truth by deleting your original post.
Why do you post lies and garbage here? Why can't you stick to facts and rational discussion of this stock? At least Sam's posts are occasionally entertaining. Yours are just worthless drivel
I agree with that. I just do not see it being likely. Congress is frozen in partisan gridlock until at least 2017's inauguration.
No one in government will release Fannie until they know what they are getting in the long run. Certainly Watt is unlikely to do so, barring a Congressional directive which almost certain NOT to happen. The huge dollar issues of the sweep and warrants/equity are clear trigger points that require ultimate resolution and any court decision that disembowels the government's recovery in these challenged areas is almost certain to trigger a lengthy appeals process.
Hey, chess-loser, why'd you delete your original post where you asked how Paulsen could change his mind on FF being okay in just 90 days in 2008? It's becoming a pattern with you where you make these incendiary claims fo which others call you out on, then you either run for the hills in a disappearing act... or... delete your original message to avoid having any accountability for your deranged observations that started the discussion in the first place.
What's up with that cut-and-run cowardice?
You might as well face up to reality, stinki. Most of us prefer the spam posts to your mindless garbage.
A lot happened in 90 days... Salomon Brothers evaporated, WAMU succumbed, GM and Chrysler teetered on the brink of self-described bankruptcy, AIG 's sub-prime exposure and lunatic adventures into credit default swaps gutted its credit rating, Goldman-Sachs got put out to pasture and the global recession was found to be in full bloom on both sides of the Atlantic. Approximately 65% of the real estate market went underwater in the U.S. putting nearly all mortgage banking institutions in violation of leverage violations on loan-to-collateralized-value covenants.
What part of history do you fail to comprehend.
Mr. Paulson and President Bush had a lot of crises on their plate. Thank God they acted before we became the United States of China.
You are a self-serving moron!
Yes and no. It all depends on the compass point of the court's ruling. If the decision is simply to end the conservatorship and sweep, an appeal might be foolish. On the other hand, if it also extinguishes the warrants, I think a protracted and ugly fight is in order.
In either case, however, an adverse ruling favoring the plaintiffs is likely to pour gasoline on the smouldering fire among a wide range of politicos to exit any government sponsorship of the GSE's in any fashion in he future.
For around a year you droned on and on about how any day now Newlead was going to file bankruptcy. That never happened. So now you moved on to droning on about how Newlead is going to further dilute shares and how that is somehow bad for investors. Rarely in the HISTORY of stock trading ha one moron been so wrong about simply everything.
Go away loser.
The only doorknobs I know about are the ones used to open doors to superior investing opportunities. Like Valiant represents. I'm sorry you guys at Dendreon lost your shirts, but the fault reposes with you for closing your eyes when all logic said it was time to run for the exits. Almost every time one of these distressed plays hits the Reuters Newswire, you guys cling to the same tired posturing of "We'll sue" and "What bout the huge NOL's" and "Courts are corrupt". Then when shares get cancelled in the end, you roll around the floor pissingandmoaning about have been hard done by. Take some responsibility for your own actions and inactions.
If you're smart and want to make some money, buy some VRX shares and put Dendreon out of your mind.
Better luck next time.
Could be many, many years before that happens considering the appeals process.
It was John Paulson who made the $700 million gift to Harvard, not former Treasury Secretary Hank Paulson.
So you just built the perfect rationale to explain why the government is entitled to so much more than just the return of the $180 billion. In chess I think this is called a "fool's mate". Right? You just mated yourself.