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Federal National Mortgage Association Message Board

cookjd58 24 posts  |  Last Activity: Sep 10, 2014 12:54 AM Member since: Apr 6, 2013
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  • cookjd58 by cookjd58 Sep 10, 2014 12:54 AM Flag

    The gov continue liar to their teeth while said In God We Trust and keep doing the wrong thing using gov lawyers defend the baseless case at the expense of taxpayers confiscate the property SH right FnF.. What the #$%$ gov! How about put the c ship to entire investment of member of congress and our beloved president to see how u feel and then they will know the pain and suffering of FnF SH in the last 6 years!

  • cookjd58 by cookjd58 Sep 10, 2014 12:49 AM Flag

    The gov continue liar to their teeth while said In God We Trust and keep doing the wrong thing using gov lawyers defend the baseless case at the expense of taxpayers confiscate the property SH right FnF.. What the #$%$ gov! How about put the c ship to entire investment of member of congress and our beloved president to see how u feel and then they will know the pain and suffering of FnF SH in the last 6 years!

  • Your mother fcker jd and your cook bod of jpm to down American life savings will rot in hell and die in great vain with many disease come to everyone of member your family what u mother fcker done to 300 years old bank.In March 2008, on the same weekend that JPMorgan Chase Chairman and CEO Jamie Dimon negotiated the takeover of Bear Stearns, he secretly dispatched members of his team to Seattle to meet with WaMu executives, urging them to consider a quick deal. However, WaMu Chairman and CEO Kerry Killinger rejected JPMorgan Chase's offer that valued WaMu at $8 a share, mostly in stock.In April 2008, the holding company, responding to losses and difficulties sustained as a result of the 2007-2008 subprime mortgage crisis, announced that 3,000 people companywide would lose their jobs, and the company stated its intent to close its approximately 186 remaining stand-alone, home-loan offices, including 23 in Washington State and a loan-processing center in Bellevue, Washington. It stopped buying loans from outside mortgage brokers — known in the trade as "wholesale lending." WaMu also announced a $7 billion infusion of new capital by new outside investors led by TPG Capital. TPG agreed to pump $2 billion into the Washington Mutual holding company; other investors, including some of WaMu's current institutional holders, agreed to buy an additional $5 billion in newly issued stock. This angered many investors, as TPG's investment would dilute the holdings of existing shareholders, and as WaMu executives excluded mortgage losses from computing bonuses.In June 2008, Kerry Killinger stepped down as the Chairman, though remaining the Chief Executive Officer. On September 8, 2008, under pressure from investors, the Washington Mutual holding company's board of directors dismissed Kerry Killinger as the CEO. Alan H. Fishman, chairman of mortgage broker Meridian Capital Group, and a former chief operating officer of Sovereign Bank, was named the new CEO.

  • Reply to

    Washington Times Article

    by larry_tardiff Aug 25, 2014 10:05 PM
    cookjd58 cookjd58 Aug 26, 2014 4:11 AM Flag

    What FOIA for? Cook gov can run but can't hide. Time to tell the truth and the truth will set you free!

  • Reply to

    I'M GETTIN' SKEEERED!

    by aroadrock Aug 19, 2014 1:28 AM
    cookjd58 cookjd58 Aug 20, 2014 3:52 AM Flag

    The cook gov screw will bring nation back D again. Here is why!

    The Government’s Net Worth Sweeps do not just harm the Companies’ other
    shareholders. As further evidence of the Government’s disregard for its statutory
    responsibilities, the Net Worth Sweeps eviscerate and imperil the Companies. Freddie Mac has
    indicated that, “as a result of the net worth sweep dividend provisions of the senior preferred
    stock, [it does] not have the authority to build and retain capital from the earnings generated by
    [its] business operations and will not be able to build or retain any net worth surplus or return
    capital to stockholders other than Treasury” (emphasis added). Fannie Mae has repeatedly
    warned that it will not be able to withstand any serious economic downturn because it cannot
    build or retain any capital as a result of the Net Worth Sweeps. Rather than conserving the
    Companies’ assets, Defendants are confiscating the entire net worth of the Companies and
    effectively liquidating them under the guise of conservatorship.
    15. Defendants’ conduct is unlawful. It violates FHFA’s statutory authority and
    obligations as the conservator of each Company to preserve and conserve the assets of the
    Companies. It constitutes an unauthorized purchase of what are in effect new securities years
    after Treasury’s authority to do so expired. It represents blatant self-dealing by the
    Government—which is both the Companies’ conservator (FHFA) and their controlling
    shareholder (Treasury)—to strip and expropriate all profits from the Companies for the
    Government’s sole benefit, to the detriment of Plaintiffs, and thus breaches Defendants’
    fiduciary duties to Plaintiffs. The Net Worth Sweeps make Plaintiffs “shareholders” in name
    only, rather than the ultimate beneficiaries of the Companies’ value that the law entitles them to
    be. The Government’s perpetual confiscations strip them of all economic value in their shares.

  • cookjd58 cookjd58 Aug 13, 2014 4:33 AM Flag

    What combine the two together? Are regulator insane? Too big to fail if the two combine and if they failed they will caused the country bk. Need someone with bigger brain and do the intelligent think! Cooks always cooks!

  • cookjd58 cookjd58 Aug 2, 2014 2:28 PM Flag

    Gambling with stolen cash cow wamu that why this lowlife dog jd can afford without issues. But the lowlife dog jd get throat cancer soon will spread entire his brain so this lowlife dog will not enjoyed long fantasy on earth same thing will happened to the mw and his cronies cook bod the faith will be the same like lowlife dog jd. Karma will come as the matter time u can run but can't hide. What goes around comes around!

  • cookjd58 cookjd58 Aug 2, 2014 2:20 PM Flag

    No gut no glory! Distress company is good for big hungry investors just saying!

  • cookjd58 cookjd58 Aug 2, 2014 2:16 PM Flag

    6b lost trade from London Whale like teapot according to lowlife dog jd so money is no object! Since this lowlife dog robbing so much cash cow from Wamu time for lowlife dog return back to the hardworking American family!

  • The lowlife dog can not swallow big chunk of wealth so the life dog jd and his associated starting to vomit out! However, the settlement does not include trusts issued by Washington Mutual, which JPMorgan also acquired. Perhaps much more complex than the lowlife dog thought! May be need to 50 b to go away!

  • cookjd58 cookjd58 Jul 23, 2014 10:10 PM Flag

    Secret deal sign with former FHFA Democo and Former treasury Tim Geither. Put them both on Oath then GSE SH lawyers will get the true story no need to do further investigation!

  • The liar of mother focker jd!
    J.P. Morgan Chase JPM +0.64% & Co.’s Chief Executive James Dimon expressed some regrets about the firm’s crisis-era acquisitions, after the banking giant agreed to a landmark $13 billion settlement with .
    When asked by an analyst on a conference call if buying Bear Stearns Cos. and the banking operations of Washington Mutual Inc.WMIH -0.71% were worth it, Mr. Dimon answered with more caveats than he’d previously offered.
    “A Bear Stearns deal would not happen again that way, we simply wouldn’t undertake it” Mr. Dimon said. “We did it because we were asked to. We never expected this kind of stuff to happen.” Bear Stearns, he added, was like a “house on fire” that was “imploding.”
    J.P. Morgan purchased Bear Stearns and the banking operations of Washington Mutual during the 2008 financial crisis. With regard to WaMu, Mr. Dimon said J.P. Morgan did buy the assets of that bank “with our eyes open, but we were asked to give up some of our indemnity claims that we thought we had negotiated with the FDIC fairly.”His comments came on a conference call following the Department of Justice’s announcement that it had reached the $13 billion settlement with J.P. Morgan over mortgage-related issues.
    The historic settlement ends a number of investigations and lawsuits targeting soured mortgage bonds issued before the financial crisis and amounts to the biggest combination of fines and damages extracted by the U.S. government in a civil settlement with any single company.
    J.P. Morgan has agreed not to pursue the FDIC receiver for any portion of the $13 billion deal. But Mr. Dimon, who was scheduled to catch a flight after the conference call, emphasized that the bank has the “full right” to go after the receiver for reps and warranties on other claims, such as a private suit by Deutsche Bank National Trust Co. That suit is seeking as much as $10 billion on behalf of more than 100 trusts holding poor-performing bonds issued by Washington Mutual. J.P. Mo.

  • cookjd58 cookjd58 Jul 19, 2014 5:08 PM Flag

    Corruption and liar above the US constitution will have no change to defense! Continue to cost taxpayer with bs argument what the mother fcker hypocrite gov lawyers. The judge eyes can see through their cook lousy stupid argument with the expense of taxpayers. Why we the people allowing few cook running the show and ruin the people life let not forget vote them out for this elections!

  • My Administration is committed to creating an unprecedented level of openness in Government. We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration. Openness will strengthen our democracy and promote efficiency and effectiveness in Government.
    Government should be transparent. Transparency promotes accountability and provides information for citizens about what their Government is doing. Information maintained by the Federal Government is a national asset. My Administration will take appropriate action, consistent with law and policy, to disclose information rapidly in forms that the public can readily find and use. Executive departments and agencies should harness new technologies to put information about their operations and decisions online and readily available to the public. Executive departments and agencies should also solicit public feedback to identify information of greatest use to the public.
    Government should be participatory. Public engagement enhances the Government's effectiveness and improves the quality of its decisions. Knowledge is widely dispersed in society, and public officials benefit from having access to that dispersed knowledge. Executive departments and agencies should offer Americans increased opportunities to participate in policymaking and to provide their Government with the benefits of their collective expertise and information. Executive departments and agencies should also solicit public input on how we can increase and improve opportunities for public participation in Government.
    Government should be collaborative. Collaboration actively engages Americans in the work of their Government. Executive departments and agencies should use innovative tools, methods, and systems to cooperate among themselves, across all levels of Government, and with nonprofit organizations, businesses, and individuals in the private sector. Executive departments and agencies

  • Democrats Resisted Freddie Mac and Fannie Mae Reforms - In 2003

    I am not a partisan person. That said, I am surprised this 2003 (yes, 2003!) article from the New York Times is not getting more attention:
    The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
    Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
    The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
    Who opposed these reforms? Democrats:
    Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
    ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

    Representative Melvin L. Watt, Democrat of North Carolina, agreed.

    ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt

  • Reply to

    After hrs $1.40

    by allen1win Jul 11, 2014 3:57 PM
    cookjd58 cookjd58 Jul 12, 2014 1:24 AM Flag

    This babe will head higher with double figure as matter time! SG will not invest 25 mi for small profit. Give it more time cuz I believe more money shower will come! American Apparel with brand name and good location will make sh smile and prospect!

  • Reply to

    Wmih Website/Homepage

    by poor_n_simple Jul 11, 2014 6:26 PM
    cookjd58 cookjd58 Jul 12, 2014 1:12 AM Flag

    It sure down but I hope major announcement soon perhaps big merger with new site! Again robbing hardworking wamu sh won't bring anywhere except more disaster due the curse of destroy 100 years old bank. Karma will come what goes around comes around!

  • JPMorgan Employee Shot And Killed His Wife Before Taking His Own Life. Lowlife dog mw and his bod the faith will be the same for milking wamu cow SH hardworking American life savings!.

  • Reply to

    Rosie and then Jaimie

    by juicyjuice10001 Jul 5, 2014 4:04 PM
    cookjd58 cookjd58 Jul 7, 2014 1:55 AM Flag

    What goes around comes around the dog mw and his bod will be same boat like lowlife dog jd for destroy American life savings working under closed door. Nothing they can bring with them to their grave except die in greater vain on earth and rot in hell on the judgment days.

  • cookjd58 cookjd58 Jun 28, 2014 4:18 AM Flag

    Not a chance. Some how IMHO the C ship will be lifted before the election I believe Obama has A card on his hand. Democrat will be in charge in Senate again mark my word! Disagree what you want and I don't give a dam!

FNMA.OB
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