Treasury change the bailout term (3rd amendment) when they found out FnF are going to return TON OF MONEY.
Therefore, the 3rd amendment is ILLEGAL.
Postponed, postponed, and postponed, US gov't is running out of the time. Eventually, they will have to face the ultimate question.
It could happen any moment. I would really love to see when 3rd Amendment is voided and, as Bill Ackman said, FNMA / FMCC begin to rebuild capital or get their overpaid "dividend" back.
$23 is like 10-fold of current price.
Have you EVER seen a stock price jump 1000% (perhaps in 3-days span 200% , 80%, 60% = $24ish)
FNMA / FMCC might be the one - history in making.
Gotta be kidding me. Using other message board as a guide for investment?
Perhaps, someone in I hub post is linking yahoo message board.
This is equivalent to allowing FNMA FMCC to recapitalize. The bill even says, "End illegal earning confiscation of two companies." Two year ago, a news like this will shoot up the stock price. Now, any news barely moves this stock.
It is becoming more clear of what Obama and his administration is doing. This is be used against presidential election next year. 2008 to 2016 is too long a wait. Just hold until Nov. 2016 for a big pay day.
aka. "We are not done sucking enough money out of these two companies."
Obama got 1 1/2 year in the office, so if he wants his party to get re-elected. The situation will change before end of 2016.
Days of zero interest rate are over. People will rush to get loan since interest will be going up ONLY for next 5 years. Think about it...