No, you got it all wrong. The government does not want to take over the GSE's, just shut them down permanently. The timing is perfect with interest rates so low. Perfect opportunity to wean homeowners away from 30 year fixed mortgages that maybe made sense when the prime rate was around 10% but make no sense today.
The 30 year mortgage is the root cause of the TBTF bank phenomenon. And FnF are the stooges that facilitate the insanity.
Celebration Update: detearing already held the Exide party at the Wynn, drinking numerous toasts to himself for bailing out and selling his XIDEQ stock for 7 cents before it was cancelled. While he admits sustaining a modest loss, his celebration is because he escaped largely intact by selling out all the small investors that followed his advice on Yahoo, investorshub and detearing's own "Toastmaster of distressed stocks" blog. He stuck them with the big, total loss while saving most of his own sorry butt.
This shouldn't surprise anyone. He did the same thing with marijuana stocks he told everyone to buy, then months later admitted he sold while his followers ate losses.
Just this morning, Charlie Munger, Vice Chairman of Berkshire-Hathaway was asked what the biggest challenge in healthcare is, which would be a logical question since he sits on the board of one of the country's largest hospital companies. His response: the disgraceful, sickening, greedy and largely worthless administering of so-called "life-saving" treatments that add little to a patient's life and drive exhorbitant spending on healthcare that only serves to enrich fat cats with obscene rewards for zero benefits to the patients or their families.
Well said. Both Warren Buffett and Bill Gates who sat in on the same symposium conversation airing on CNBC agreed. And so do I.
Talk about a walk-back from a COWARD who disappeared after all his "hot picks" collapsed.
Hey, BIG LOSER, maybe the new license plate on your Tesla could read: "DT/idiot"
Enjoy your huge gains from Exide, Crumbs, Radio Shack... ad nauseum. No wonder nobody posts on your blog, anymore, except you having a conversation with yourself.
Narcissism is not a virtue, jerk.
If you agree, then why did you post all those messages complaining about NEWL not filing the details on its financing arrangements?
Hope you get it right, this time around.
Best wishes to Keith Wandell and new leadership. I hope we will see Exide back on a big board someday, sooner rather than later, with a revitalized business plan and a commitment to cleaning up its legacy baggage instead of enriching leeches that kick the can down the road to cash out big bonus paydays for their country club entourage in Milton, GA.
All those $ billions belong to Valeant. Face reality. Dendreon died. Your investment in Dendreon is WORTHLESS. That's the only "FACT" that really matters. Right?
DNDNQ is bankrupt and being wound down. What part of that clearly established FACT is it that you are too stupid to comprehend?
Shares, here, are worthless .Get over it.
They were insolvent and had no collateral. Everything they had was secured by previous liens.
That is a childish over-simplification of cancer treatment regimens and the current state of art in pharmacopeia. You presume to know more about cost appropriateness than oncologists, insurers and PBMs. That reveals an arrogant disdain for expertise from many disciplines that says you are wrong. The only reason Valeant paid a premium for Provenge that NO ONE ELSE would pay is they knew how to reduce the cost/benefit burden as it proved over years of success with parallel projects with clearly attained cost improvements.
Well stated. The "phonies" are the ones that post all the messages and have NO POSITION.
I invest for a living. I live well. I am very comfortable with my NEWL investment.
Good luck to all investors, and cancer to all bashers that own no shares and just berate someone else's stock picks. Eat feces.
Nobody is coming for you. There is no help on the horizon. This is going straight into the sewer.
Proud to own shares at a cost-averaged price below 5 cents. When this uplists, those shares will go above $1.00. Jerks with no share position love to criticize Newlead and real shareholders. Since they have no attainable financial incentive to bash the company, they can only be a bunch of fruitcakes seeking attention and some self-validation for an otherwise WORTHLESS LIFE.
All the chest-bumping and high-fiving for Fannie shareholders about to score some huge payday are just plain tired out, repetitive, boring and out of excuses for non-fulfillment.
down-trodden... maligned... run-down... put down... panned... relentlessly criticized... unfairly slandered... cheated... victimized... made a scapegoat... threatened... bullied... ganged up on... gang-raped... hit below the belt... shorted by maggots... sued by scumbagz... critiqued by a-wholes...
Aw, you get it.
You are DREAMING. Fannie was insolvent with half its portfolio underwater when the Feds stepped in and put it on life support. If the government failed to save Fannie, it would have died like Goldman-Sacks, BearStearns and many others.