He could care less what happens to FNMA/FMCC.
like we do? Is there any documentation of their orders like we have? TIA
Those comments are for the politicians ignorant constituents that voted them in. The politicians can spout anything they want and their constituents are so ill read that they believe it.
If I had $500 billion and I watched this whole GSE cluster I would never put my money up as first guarantee to defaulting mortgages. The government would be eye balling that $500 billion and figure some way to screw me out of it and then sell it like I was an evil 1% and did not deserve the money I earned.
of their own money to take the first lose in the event of another real estate melt down. Then ask yourself how what rate of return they want on that investment and risk. Anyway you answer it it leads to higher costs when buying homes to those who can least afford it. You can say bye bye to home ownership for a vast majority of America. BILL IS DEAD UPON UTTERANCE
The fundamentals of the story has not changed but the media coverage has. I watch CNBC all the time and prior to the nose dive they rarely mentioned us.
It is not a ponzu scheme nor a pyramid scheme. It is a scheme wherein the US gov't took US taxpayers money in the form of their FNMA shares and deemed them worthless 2 years later and continue to this day to trade those shares to more unsuspecting taxpayers. All this was done supposedly to save us from destruction.
Is it surprising that now Congress wants the matter of the shareholders to be separate from the bill and let the courts handle it? Not so fast. What you did was sweep my property in 2012 and now in 2014 you want to sweep away FNMA the most profitably company in the country away to hide your crimes.
I think smoke screen scheme is a good name. Any other thoughts?
No Ackman did not sell yet. He has just scored a major victory on Herbalife. Watch out he will now turn his attention to FNMA.
When you turn on the lights the cockroaches scatter or the send our Congressmen on TV.
Good job. Did you have trouble getting your sell order filled?