You poor shareholders... (2) 10-1 splits in less than a year - complete and utter felony fraud - where the hell is the class action suit?
You're lost dude - $4 - NOT. Try full release and $20 + dollars... Theft is theft plain and simple.
Full release is the Only Option - a settlement and still controlled by this administration... NO WAY - they need to re capitalize FNMA also with the $ they have been stealing. They are SO in the Wrong and have been for a long time and thank god for Ackerman and Fairholme as they know theft by deception when they see it!
No question about it. End game coming soon - good luck Longs!
You couldn't be more correct - theft is theft and the courts in Delaware and Judge Sweeney are ready to drop the hammer - White House lawyers more than nervous I would say....
Your missing the point - the Govt has to RELEASE them not settle it... Hello? FNMA isn't going away that's for damn sure and the courts are about to rule on that anyway - the govt's days of robing and controlling FNMA are coming to an end - plain and simple.
No question about it - if you ever thought what the govt did in taking over FNMA and FREDDIE was legal then you are out of your minds... And to also think that FNMA and FREDDIE can just go away is complete ignorance... A third or more of the population needs low income / lower down payment home loans - Hello? Like the Banks are going to be the backstop for these loans going forward - NEVER and NOT. You need FNMA and FREDDIE no matter what you Short Bashers say so get ready for the the White House to wake up and do the right thing before the end of the year... If they don't, the courts will make damn sure that they do one way or the other. It's not a matter of if - it's a matter of when and the courts are starting to make that very clear...
Its all but over for OIBR... Tragic so get your .09 cents (split adjusted) and get the hell out like I did. I have never seen such fraud on this large a scale... Brazil is for crooks plain and simple.
Hell - like it matters anymore... This company is all but DOA and broke - and split adjusted is at .09 cents... This is horrific fraud on a MASSIVE scale. I sold at 1.93 but this #$%$ is maddening... When do they file bankruptcy and fold up shop???