It will go down tomorrow.
Yes, it is Ponzi scheme using cheap uncle Sam's money instead of rich investors' money as Madoff did.
It looks WS is shorting C for last three -four months based on heavy recommendations by WS pundits to go long on C. Do always opposite of WS if WS says 10 times same thing in a week.
Sentiment: Strong Sell
I will start selling in 2025 when I retire.
Sentiment: Strong Buy
It will break 1.47 today
C will crash when C has to pay FNM fine like BAC.
Sentiment: Strong Sell
Everybody in DC Metro area is loading.
Because Politicians and their staffs started buying this. Mater-of-fact, entire DC metro area is buzzing with FNM/FRE news. My guess is google is monitoring spike in Fannie word in email and google is buying. NSA is picked up spike in Fannie word in telephone and NSA/CIA everybody is buying.
I never cared what lie WS or politician spread about F&F, I am holding till retirement.
Bottom line US cannot exist F&F.
Sentiment: Strong Buy
I guess F&F is not going anywhere. Entire WS still telling lie about it so that they can accumulate. I saw Mootly Fool guys comment about F&F, they can not see straight into camera. He was looking left or right and making comments. What a joke?
Once US Government bailed out F&F. Now F&F bails out US government.
This is good one.
With second quarter payment, F&F will pay off more than what they received in the bailout. Uncle Sam will free it on July 3rd. Then Uncle Sam will sell part of 80% slowly in each quarter for next 5 years making huge profit. It went red today because everybody know that it would not be free untill F&F payoff bailout money, therefore WS shorted like crazy. See the volume 74M. I would not be surprise if SEC is looking carefully into this naked JUMBA short.
Whatever politicians or WS says it does not mater, by July 4th F&F will be independent.
Sentiment: Strong Buy
Big Lie: Beginning this year, nearly all of the firms’ profits are swept away as a dividend payment in periods when they turn a profit; a payment isn’t made in periods where they run a loss.
Truth: Profit will NOT be taken as dividend but to be taken towards paying off bailout.
Sentiment: Strong Buy
The true romance of Uncle Sam: Fannie Mae and Freddie Mac - examiner
The shotgun wedding between Uncle Sam and the mortgage giants, Fannie Mae and Freddie Mac is going through a rough patch. There are two main reason relationships hit the rocks, sex and money. No, it is not sex because that would be weird. It’s money, too much of it.
Uncle Sam spent the past five years trying to figure out how to get out of his arranged marriage to the ugly beasts. But that was before the Obama administration announced this week Fannie and Freddie could “earn” at least $183 billion over the coming 10 years. “Absent another major real estate downturn, the administration is lowballing future returns,” former Fannie Mae executive Bill Maloni told Inside Mortgage Finance.
Now Fannie and Freddie are becoming much too pretty to divorce and go their separate ways. Greed, oops, green is Uncle Sam’s favorite color.
In the fourth quarter, Fannie earned $7.6 billion, Freddie $4.5 billion. If that profit-rate continues, they could earn $48.4 billion a year combined or $484 billion over the next 10 years, according to calculations made by IMF.
Sentiment: Strong Buy
Clinton removed the GS rule. After that Banks went wild. F&F had 90% market share in Bush's first term. After GS rule removed bank started giving no money down loan to everybody and package it and sold all over world. Banks started taking market share from F&F. When market collapsed F&F had 55% mortgage market share. Now tell me why market did not collapsed when F&F had 90% of market share? It was 10 Trillion dollar robbery done by WS. Many countries went bankrupt because they purchased US mortgage security bond. It is F&F- now saving USA. NO F&F means no real estate. Then US will go BK.
WSJ: Should Fannie and Freddie be wound down?
Mr. Watt: There is general—almost unanimous—consensus that we should move as much as this back into the private sector as quickly as can be done. There’s virtual unanimity.
Huge news
Sentiment: Strong Buy
The entire wall street recommends to buy CITI -it means they are shorting it. If 5 or more wall street experts says same thing about any compeny, I do opposite of it. It always works as winner.
You need to connect dots. Who will give $Billions of dollar you or me? The taxpayers were paying tax last year too. Why there was not decrease in debt last year?
US debt includes $188B given to F&F. Once F&F return part of that $188B in whatever form (DTA) - meaning it will be reduction in debt in second quarter. Someone is giving Billions of dollars in first quarter.
Sentiment: Strong Buy
Just google: US Expects First Cut in Debt Since 2007
http://www.cnbc.com/id/100686709
CITI or any other banks are not giving loans. No profit from housing start to CITI. I have applied for refinance. CITI morons are sitting on it for months even if we have best credit etc. All loans are given by F&F.
Sentiment: Strong Sell