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Federal National Mortgage Association Message Board

bladedoctor01 668 posts  |  Last Activity: Jul 28, 2015 4:16 AM Member since: Oct 14, 2013
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  • Reply to

    Stock Market views - Monday, July 27, 2016

    by bladedoctor01 Jul 27, 2015 11:28 AM
    bladedoctor01 bladedoctor01 Jul 28, 2015 4:16 AM Flag

    Should this be posted weekly?

  • bladedoctor01 bladedoctor01 Jul 27, 2015 11:36 PM Flag

    'chess' I think it is important that every Republican in the Senate, especially Sen. Shelby, understand that any threat to steal the money earned by the GSEs in order to fund a road building program will not be tolerated. . . even by Obama.

  • bladedoctor01 bladedoctor01 Jul 27, 2015 10:23 PM Flag

    Call it a freudian slip.

    :-)

  • bladedoctor01 bladedoctor01 Jul 27, 2015 9:49 PM Flag

    Hummm, better take your own advice. You're the only one who spends 18 hours a day on this forum bumping yourself.

  • bladedoctor01 bladedoctor01 Jul 27, 2015 9:35 PM Flag

    You're falling behind. Where are the other 12 "thumbs-down" clicks you are itching to give me??

  • bladedoctor01 bladedoctor01 Jul 27, 2015 6:44 PM Flag

    In Sue's defense the article was printed today, Monday, July 27, 2015

    QUOTE: The federal judge overseeing the Fairholme case ruled last week that the U.S. Treasury must release all documents it has concerning the conservatorship of Fannie Mae and Freddie Mac. The ruling from Judge Margaret Sweeney grants a motion filed by Fairholme’s attorneys to force the government to stop withholding documents it claims are protected under privilege or because the contents could impact the markets.

    Fairholme’s attorneys have argued that the government is deliberately stonewalling, making it more difficult to get a true understanding of the events and decisions leading up to the Third Amendment Sweep.

    Housing Wire had a good write-up on this ruling, quoting Rafferty Capital Markets analyst Richard Bove saying it’s a “big win” for the plaintiffs. The article also quoted an earlier ruling from Judge Sweeney that seemed to hint at this ruling:

    ‘”The evidence needed by plaintiffs to respond to defendant’s jurisdictional allegations is within the hands of defendant, and otherwise not publicly available,’ Sweeney wrote earlier this year. ‘Thus, plaintiffs are entitled to discovery on this issue.’

    “‘Therefore, in light of the parties’ dispute over jurisdictional facts and plaintiffs’ apparent lack of sufficient evidence to respond to defendant’s motion to dismiss, plaintiffs are entitled to conduct discovery in order to meet their burden of presenting the proof necessary to establish this court’s jurisdiction.’”

    This is a significant ruling that shows Judge Sweeney sees the government telling different courts different things – her court of Federal Claims and Judge Royce Lamberth in the District Court for D.C.

    In practical terms, the ruling means Fairholme’s attorneys can bring all of the protected information currently under seal – more than 10,000 pages worth of depositions, documents and whatever else falls under the discovery terms – into the D.C. Circuit without having to keep going back to the judge for decisions on individual components. An excellent Huffington Post piece by the PopularEconomics website editor and publisher Harlan Green says this will finally let shareholders “untangle” what occurred from 2008 to 2012. Noting that the funds the enterprises received have been “paid back in spades and the GSEs are not being allowed to recapitalize,” Green’s post is accompanied by a “Largest Taking In History … And Still Going!” graph, which you really should go check out.

    We’re still waiting to see how Judge Sweeney will rule on a motion submitted recently by The New York Times Company calling for the “protected information” removed from depositions from Edward DeMarco, head of the Federal Housing Finance Agency when the Third Amendment took effect, and Mario Ugoletti, a Treasury official who oversaw the agency’s policy toward the GSEs at the time of the conservatorship and who moved over to FHFA as a Special Advisor to DeMarco.

    Ugoletti has said that he played a key role in creating the Preferred Stock Purchase Agreements, which were later amended to become the Sweep. And while it’s not unusual for officials with specific knowledge or experience to move within or between agencies, in this situation, Ugoletti’s moves and statements raise questions as to whether he was acting independently at FHFA, as required of a conservator, or serving as an unofficial agent on behalf of the Treasury.

    In the motion, the New York Times asserts its right to intervene in the discovery process as a news organization on behalf of the public, and states that the government has failed to show good cause for the continued confidentiality of the documents. From the motion, with emphasis added:

    “The public’s interest in the underlying facts of this case is undeniable … The case directly addresses how the Government is going about recouping public funds used in the bailout and whether other investors are being treated lawfully. The Government should not be able to hide from the public – voters and taxpayers – the facts that were central to the decisions that the Government made as part of the far-reaching effort to safeguard the U.S. economy. To the contrary, access to the evidence will enable the public to understand more fully the decisions the Government has made in the public’s name and to assess the wisdom and effect of those decisions.

    “Good cause for continued confidentiality has not been shown here as to the Transcripts. As an initial matter, there is no indication that the Government has even attempted to articulate good cause for the confidentiality, and it cannot avoid its obligation to do so, despite the fact that the protective order currently exists.”

    Ugoletti’s interagency communications bear additional scrutiny and documents related to this must be made public. We hope Judge Sweeney rules in favor of this motion as well. After all, the taxpayers who generously bailed out Fannie Mae and Freddie Mac and the shareholders who had their private property seized by their own government deserve to know the truth.

  • Reply to

    sam_benert posts are welcome

    by warrenbuffettadvisor Jul 7, 2015 9:36 AM
    bladedoctor01 bladedoctor01 Jul 27, 2015 6:00 PM Flag

    Welcomed only by you. Hey, wait a minute, I thought you were "sam_benert" ????

  • bladedoctor01 bladedoctor01 Jul 27, 2015 5:58 PM Flag

    'benertsam' member since July 26, 2015. . . and yet he claims to not have any alias IDs. What a spineless snake. It's time for him to LEAVE!

  • bladedoctor01 bladedoctor01 Jul 27, 2015 5:27 PM Flag

    I only talk with. . . .

    (1) "sam_benertt"

    (2) benertsam

    (3) "sam_benert"

    (4) "san_benert"

    (5) "bladeducktor1"

    (6) "bumplexus"

    (7) bigbadsambenert

    (8) yet_another_sam_benert_id

  • bladedoctor01 bladedoctor01 Jul 27, 2015 4:54 PM Flag

    I can't help myself JPD, I'm sitting here with a bum knee waiting it get another total knee replacement and I'm bored stiff with nothing else to do but watch the market and read. Besides, 'sam' gives me something to do. . . although I will admit he's so easy.

    However, I'll make a deal with you. Give up on "cheese" and I'll give up on 'sam.'

  • bladedoctor01 bladedoctor01 Jul 27, 2015 4:35 PM Flag

    Lies again, will you ever learn?

    Sorry 'sam' but Yahoo's computer system will not allow some ones personal Internet Protocol address (IP) to be used by any one else; therefore even if someone were to us an alias 'ID' even remotely similar in spelling to one of yours it would not prevent you from using any of the IDs you've registered with Yahoo. Simply put, an IP address is a numerical label that can only be assigned to only one computer device (yours) and no one else.

    I've already explained to you once today in another thread why Yahoo won't always allow you to use the same ID when posting to the same thread - sometimes you have to wait an hour before posting to the same thread again UNLESS you use another ID you have registered with them but apparently you failed to read it.

    You had better take a few courses in computer science at your local community college. . . and quite thinking you can pull the wool over the eyes of anyone on this forum.

  • bladedoctor01 bladedoctor01 Jul 27, 2015 3:50 PM Flag

    Not actually - I'm 74 and what you fail to realize is that you've been caught lying so many times on this forum no one believes any thing you say; however, they believe this:

    QUOTE from 'doc' -
    "Kid bumper "sam_benertt," alias "benertsam," alias "sam_benert," alias "san_benert," alias "bigbadsam". . . oh forget it, with over a dozen alias IDs even he can't keep count.

    This guy doesn't care about FNMA, he only cares about exposing himself in public, along with bumping his numerous IDs. . . to cover up all the current news".
    ----------------------------------------------------------------------------------------

    Response from 'benertsam' in your own words:

    "I cant help it yahoo has issues and will not take my password, the man thing is you know who i am #$%$ for brains. i use the same log in everytime, same dob, same pw, issues for whatever reason i dont know."

    _____________________________________________________

    You can't deny that 'sam' which only proves that 'iknow932' was right when he said to you, "JUST GO AWAY. You are not wanted here".

    .

    Sentiment: Strong Buy

  • bladedoctor01 bladedoctor01 Jul 27, 2015 1:33 PM Flag

    So far only one? I'm still waiting for the other 11.

  • bladedoctor01 bladedoctor01 Jul 27, 2015 12:56 PM Flag

    I only know what you admitted yourself this morning. Also, I grew up long ago and don't play games and I would suggest that you do the same.

  • .
    You said this morning that the reason you have so many alias Yahoo IDs is because - quote:

    "I cant help it yahoo has issues and will not take my password, the man thing is you know who i am #$%$ for brains. i use the same log in everytime, same dob, same pw, issues for whatever reason i dont know."

    One of the BIG reasons you are having so much trouble with Yahoo is because if someone tries to post a message to a certain thread more than twice (two-times) using the same ID in less than one (1) hour, 95/100% of the time Yahoo will not permit that second post to be entered to the same thread unless you wait one (1) hour after posting the first one. In other words, you have to wait 60 minutes (3600 seconds) before you can enter a second post to the same thread a second (2nd) time. Get it!!!

    For the record, most members of this forum suspected that you now have over 12 alias Yahoo IDs, and we all know that gives you the ability to click up to twelve "thumbs-up" or "thumbs-down" entries to any one thread that you agree or disagree with. Why must you cheat so?? No one else does.

    Here are the alias Yahoo IDs you've been known to use or suspected of using:

    (1) "sam_benertt"

    (2) benertsam

    (3) "sam_benert"

    (4) "san_benert"

    (5) "bladeducktor1"

    (6) "bumplexus"

    (7) bigbadsambenert

    (8) yet_another_sam_benert_id

  • bladedoctor01 bladedoctor01 Jul 27, 2015 10:19 AM Flag

    Monday, July 27, 2014

    China markets were down over 8% last night so consider using some near term caution.
    _________________________________________

    U.S. Market Analyst, Elaine Garzarelli - ranked first team in Quantitative Research in Institutional Investor magazine’s All-Star poll for 11 years; also top ranked in Portfolio Strategy and Market Timing.

    • Ms. Garzarelli mentioned over the weekend that for the last five years Greece has been in economic trouble, but last week their government started to enact a broad set of economic reforms, which could free their economy from many barriers to growth.

    • Her quants model composite reading declined to 59% (out of a maximum 100%) last week, from 67% the week before, due to the downgrade of her contrarian sentiment and junk bond ratio indicators.

    • Corrections of 4-7% are normal during bull markets and she believes that US shares are still the best investment around the world.

    • Interestingly, investors have invested $74 billion into bond funds in the US and sold $77 billion out of equity funds so far in 2015, which is a contrarian positive sign for equities.

    • S&P 500 earnings were estimated to be down -5.3% year-on-year two weeks ago, but this has been revised to -2% after the latest earnings reports. She thinks they will end up being +3%.

    • Based on her forecast of earnings and the fair value PE ratio of 17.5 times, the S&P 500 Index is now 2.5% above fair value, but shares generally rise above fair value when her other indicators are bullish.

    • Markets have somewhat discounted the first Fed hike, likely due in September. The impact should be minimal.

    • US economic data continues to be mostly upbeat (unemployment claims, housing data, mortgage applications, home prices +5.7% year-on-year, existing home sales etc).

    • Slower international growth, especially in China, has caused commodity prices to weaken and this will keep inflation subdued around the world.

    • Historically, recessions have been preceded by a rise in commodity prices, not a decline, since typically or historically the Fed raises rates to combat inflation. Therefore she does not expect an economic recession in the near future.

    • The US leading economic indicators rose +0.6% in June, more than expected, suggesting healthy economic growth over the next 6 to 9 months.

    • Stimulus continues to be strong around the globe, helping to boost world economies, with Hungary and New Zealand cutting rates last week. At the same time, merger and acquisition deals continue strongly.

  • Reply to

    Hank Paulson - Financial Terrorist

    by smauney Jun 11, 2015 12:52 AM
    bladedoctor01 bladedoctor01 Jul 27, 2015 9:48 AM Flag

    If that is true, consider calling your local IT specialist? Every town has several . . . and most of them are listed in the yellow pages. Small fee, reasonably priced.

  • Reply to

    Hank Paulson - Financial Terrorist

    by smauney Jun 11, 2015 12:52 AM
    bladedoctor01 bladedoctor01 Jul 27, 2015 9:21 AM Flag

    Kid bumper "sam_benertt," alias "benertsam," alias "sam_benert," alias "san_benert," alias "bigbadsam". . . oh forget it, with over a dozen alias IDs even he can't keep count.

    This guy doesn't care about FNMA, he only cares about exposing himself in public, along with bumping his numerous IDs. . . to cover up all the current news.

  • bladedoctor01 bladedoctor01 Jul 26, 2015 5:48 PM Flag

    That just isn't so. The FNMA stock price dropped these last two days of last week because of two reasons.

    (1) The stock market internals are starting to crack. . . which could lead to a 6% to 10% drop in the averages but by year-end the market should be back up near the recent highs.

    (2) Day traders and weak speculators that purchased FNMA during the previous three day pop-up were jumping out the last two days of the week; however, most of the selling is about out of the way.

FNMA
2.45-0.04(-1.61%)1:31 PMEDT