Now, now, Dylan. You better than most surely know that is not the truth. If anybody posts one positive piece about Fannie Mae on this board, Sam the Sham bumps it 150 times to give it a larger than life simulated reality.
Sam is a scary dude because he goes "bump" in the night.
Carney reports in response to news on Fannie & Freddie. Each and every article he writes creates a firestorm of response. At the top of this page there is a box labeled Q Search Message Boards. Enter Carney and see how many messages come up. Now do the same with Fiderer, Will, Morgensen, etc. Theonlyname that draws more reaction is Tim Howard, and most of those messages confuse the real Tim with the fake Tim imposter.
You just don't get much of any of this investing stuff, do you?
Hey, I know whatto do. Since most of the litigation revolves around Amendment 3, how about we just go back to the original 10% dividend.
Pay up, deadbeats.
If you want to make a comparison based on appearance, George Will has one of the worst toupees in history. His hair looks like a shag area rug that has slid out of its usual location. He would have been a perfect fit at the Nerd Prom, but would have had to go as a chaperone based on his decrepit, geriatric appearance. No Red Carpet appearance for George, maybe just a red blanket. LOL.
You must like bad toupees worn by washed up journalists that put away too much scotch over way too many decades after writing one good story piece back in the 80's.
Who writes stories about stuff he never really understood? George will.
Who writes stories about government misdeeds that were never proven? George will.
Who writes stories about financial shenanigans that go way over his head? George will.
"LET GEORGE DO IT."
Bwahahahahaha. The Old Fart.
Watch. The sophomoric refutation will be that some of the preferred shares took a hit so Will was risght... except George Will never mentioned share class, made a blanket condemnation, and most of the preferred shares were so thinly traded that it would take very little to set off a run for the doors. Of course, this is something that only real investors would comprehend, not your basic, elemental bottom feeding penny flippers who think an issue with scant daily volume trades like a big board issue that trades in the M's of shares per day. Ah, well. Somebody has to lose for every winning trade by those in the know. LOL.
Sounds like a sure Pulitzer prize for Carney as responsible journalism gets rediscovered by a pro who doesn't wear a disgraceful toupee and disavow God.
Have to partly disagree. Clinton began the affordable housing "do-gooder" initiative and pared back the rules on CDO's permitting the glitterati of Wall Street to introduce a new era in manipulative financial istruments and strategies like the Magnetar Trade. These substantially contributed to the crisis, layered into the other abuses that range from blocked regulatory control (in which the GSEs actively participated), greed for enhanced bonuses (in which the GSEs actively participated) and reckless behavior by banks, realtors, social engineers and regulators asleep at the wheel to enforce even the weak, standing constraints that weren't blocked by lobbyists and special interests.
Hedging and derivative gains and losses have become the whole enchilada since 2013. The Treasury fared better under 10% fixed dividends before the sweep was even in place. Size matters in revenue and market share. But for investors, size matters more on the Income Statement.
George Will doesn't believe the government ever does anything right. As an avowed atheist, he also does not believe in God. He doesn't believe in anything except chest bumps in celebration of his pompous babbling.
"Ah, yes. Poor George." Worst toupee inside the Washington Beltway. But even that ably fits his personna. It's the intellectual equivalent of a fake Mensa comb-over.
Pretty good "hack job" slamming government and hedge funds. Too bad they missed the big picture by skipping banks, lobbyists, social engineers, Congressional ennui and the power of greed in the Legal Empire of "no class" actions.
Very unlikely since mReits are heavily impacted by rising interest rates and many economists expect the Fed to add at least 75bps sometime in 2016.
In a story released today, reporter Steve Goldstein cites Height Securities analyst Ed Groshans that "Fannie Mae's first-quarter losses on the fair value of its derivatives could reach $4.1 billion, which could result in a "close to breakeven quarter."
Just wait 'til Carney or someone else that really "gets it" starts focusing on the narrowed spread in STACR bonds and what risk transfer means to GSE profits. That's when the shlt could really hit the fan. The impact could be a lot worse than ,say, what the activist hedge fund adventures did at AIG. Think hedge funds paying for all that litigation for FnF shareholders is to benefit you? Or them?
What I don't understand is why the "woohoo"' for a quarterly loss, two of the last three quarters. Remember that the conservatorship absolves both GSEs from paying preferred and common dividends which actually makes the comps appear better than they are. I think Freddie is doing some things that may separate it from Fannie and earn it release sooner that their twin. But bad earnings, no matter what the source, are a profound hindrance to gaining freedom for Freddie and eventual returns for shareholders.
Ah, yes, the esteemed Congresswoman Maxine Waters. A longstanding defender of Fannie Mae and town crier of the "All is well" defense of the GSEs going back to the Franklin Raines era. Yes, Maxine Waters who was a beneficiary of Fannie's extensive lobbying efforts whose efforts to block better regulation of the GSEs is often cited as a prime contributor to the crisis that led to their conservatorship. And, yes, the same Maxine Waters that lied under oath about taking PAC money from Fannie, only to have it proven she took $15,000.00 from the Fannie PAC into her campaign coffers, by my recollection.
Her last reform proposal would have led to a search for money for a different purpose. That would have been how government would pay for a full taxpayer-supported guarantee for the GSEs.
What a well constructed FABLE. The "government" assumed no operating role at Fannie Mae after conservatorship was enacted. For this far-fetched conspiracy theory to be proven, almost every high ranking official that worked there from September, 2008, on, would have to have participated in the conspiracy. How did the government assure anyone on preferred stock sold in 2007? It played no role until the takedown in 2008.
In 2008, there was NO consensus on where the economy and housing markets were headed. Read Paulson's "On the Brink" if you want to comprehend the fear gripping Washington.
Crazy is right. Almost all TARP funds were paid back. Nobody "ate" much of anything.
Shareholders might get a cup of coffee out of this claim,if it ever pans out, but it won;t be from Starbucks... maybe McDonalds.
Just another wild goose chase being portrayed as some huge indicator on imminent wealth. You know. The usual CROCK of shlt.
Michelle Obama was stunning. What a dress. That was no J Crew outfit!
However, the comedian that replaced Colbert on the Daily show who came on after the POTUS was fairly lame. Bring back Wanda Sykes!