"The Leadership Conference is a coalition of more than 200 national organizations that promote and protect civil and human rights."
Screw every damn one of these organizations and their members. It's just more groups with their hands out wanting something for nothing....and again, at the detriment of shareholders!
That's a 25% increase in base salary. Have you ever received a raise like that?
Sure as hell isn't the shareholders (you know, the ones who are suppose to suggest and approve). Maybe this is just another way to PREVENT the shareholders from ever getting anything. If everything has been given away and squandered, there's nothing to get.
Your concern should be that these pay raises were authorized by the FHFA, not the shareholders. Watt is not smart enough to do this on his own so with whom did consult to come up with this authorization? It sure as heck wasn't the normal approvers.....the shareholders.
There's an op ed piece in today's newspapers titled "Supreme Court Disasters" by Thomas Sowell in which he points out some recent Supreme Court decisions where it appears that court might be making laws rather than interpreting existing laws. He makes a statement in the article that profoundly highlights what Fannie and Freddie shareholders might perceive to be out dilemma. He said "When any branch of government can exercise powers not authorized by either statutes or the Constitution "we the people" are no longer free citizens but subjects, and our "public servants" are really our public masters. And America is no longer America. The freedom for which whole generations of Americans have fought and died is gradually but increasingly being taken away from us with smooth and slippery words."
Can we assume your letter is already in the mail.......or are you suggesting someone do this chore for you because you're the "idea man"?
Same reason it's hard to post pertinent news on the message board............
You're reading only what somebody wants you to read.
You would have thought the two high profile suits would have had "a cease and desist" request but I don't believe they did. The third suit (in Iowa) did have such a request, I believe, but that case is just beginning.
There is an entity in high finance that resembles the notorious Illuminati and its operation is much like what is portrayed by numerous writers over the years. Politicians are the pawns and are virtually owned by the financial movers and shakers. I dare say you can find one person in Congress who's not connected to the financiers. Members of the administration are on a lower shelf than Congressional members but they are no more distant in their obligations than the senators and house members. In government, everybody has a price! Their blatant disregard of the law is what bothers me.
It's a bigger than normal part of my retirement. I would just like to think if I ever did cash out (like you did) that there would be something left of my principal investment.
The poor, middle class, and retirees sure are of no concern to anybody in the financial world!
I'll answer you on your concerns as a long time holder of CIM. I bought the stock for the dividends being paid. I had hoped the corporation would maintain or increase its sector presence in the mREIT market, its share price, and for the most part, it did. I also understand the thought process in doing the reverse split, as I have had several other holding do the same.
Of present concern however is the thumping shareholders are taking after the recent reverse split. Share price has dropped approximately $2/share so even with the new dividend pricing level, it'll take a whole year of dividends at the stated rate to recoup what has been lost in share price since the split. Anyone who bought shares close to the time of the reverse split would have lost a significant percentage of their investment should they decide or need to sell shares.
Will it come back? I sure as heck hope so because I'm well up in the six figures on investment here........and am not in the least bit happy.
Welcome to the US judicial system.....not much difference whether at district court or the Supreme Court. Extensions are part of the self-perpetuating profession, you know.
You probably didn't notice that is was down more than $2/share since the reverse split. Who do you think gives a damn about the Dow while we're losing ground rapidly?