The new iPhone for life is interesting indeed, but not a reason for me to switch to Sprint. The $20 per month fee with new phone every two years is actually not a good plan. You're just getting what you pay for. In two years, the $20 would total $480 + interest/taxes.. about $520. At that price, you could get a new phone with just about any other carrier for life. In fact, if you decide to switch to another phone such as a Samsung, then the monthly $20 you "prepaid" Sprint is lost. Also, if you don't get your phone on the 24th month, then Sprint just makes more money. For example, new phone on the 30th month will cost you $20 x 30 months = $600 +interest/taxes. Good move by Sprint, but not so for the low-information consumers.
Unfortunately, that does not matter to the government. It's not "their" money. Rather, focus on the timings of political movements aka. election cycle.
"Edward J. DeMarco, who worked to shrink Fannie Mae (FNMA) and Freddie Mac (FMCC) as their U.S. overseer after the 2008 financial crisis". As the conservator, DeMarco worked to shrink FNMA/FMCC. This is completely against the FHFA charter and he needs to be sued.
smeg.. I was not venting. I was merely pointing out to the shareholders that RSH can't fill a such simple need for a cable. I would've bought if RSH had them in stock let alone carry them as normal item. What I found instead was a bunch of composite cables dating back to the 80s. As for camcorders, I use two Canon HF G30s - one for wide shot and the other to track individual players for skills review. I then sync them for multi-view for the coach/team review. Nothing but the best for NPL level players.
Sorry.. no need for Amazon when I have Staples, Office Depot, and Best Buy that carry the USB cable. It's these simple things that bring customers back.
I was at my kid's soccer tournament and had forgotten to bring my USB cable for the camcorder. I wasn't about to drive five hours back home just for a cable so I stopped by several Radio Shacks and NONE of them carried a simple Mini-USB cable. Not only that, I was the only customer for the 10 minutes I was searching for the cable at each of the stores. I then looked around the store and it resembled a Mobile Best Buy store, but with less appealing products and presentation. Needsless to say, it's been over 10 years since the last time I stepped into a RS store and this will be the last. Sorry, but short RSH.
Then you will be compelled to at least consider moving to Sprint despite the perceived issues with the network. With a family of four, six with grand parents, or a large undocumented family, then you have a significant monthly expense of between $200 and $350 with either T or VZ. In my case, my kids want a smart phone with WIFI and the new Sprint plan allows me to provide this without having to pay for the expensive Data per phone.
The plan is still new, but it will bring new customers for the Back to School sales, Black Friday, and Christmas shopping. My prediction is that Sprint will be over $10 by January with expanded subscribers to do well into 2015. Time this with continued improvements in service and Sprint might just have a great story to $20.
7. Fannie and Freddie: As the US housing market has recovered, the Government Sponsored Entities GSEs have become cash cows in recent years, in the last 18 months delivering more than $75 billion to the US Treasury. All in all, with its previous payments totaling $126.7 billion, Fannie alone has more than fully repaid the $116 billion it received from taxpayers. During the crisis the GSEs were put into conservatorship. In 2012, the US Treasury changed the deal terms forcing the bailed-out firms to send all of their profits to Uncle Sam as dividend payments.
One of the reasons the US deficit is plummeting to $460 billion in 2014 (deficits have been $1T+ in recent years) has been the delicious cash surprise from Fannie and Freddie. It’s like a juicy slush fund the White House and Treasury now hold to either spend or save at their wish. As the US Treasury takes in cash, this lowers the amount of Treasury bonds which need to be sold in the market. Once again, a lower supply of new issue treasury securities relative to demand has contributed to lower Treasury yields.
Strategic Goal #2 of Mel Watt's speech and interviews back in May is to reduce taxpayer risk through increasing the role of private capital in the mortgage market. This followed by a number of attempts to wind-down, transform, or augment FNMA/FMCC with alternatives, including Ginnie Mae. As a conservator and "CEO" of FNMA, Mel should be representing and taking actions in the best interest of the FNMA shareholders.
- 100% dividend payment to Treasury is NOT in the best interest of the shareholders
- Conservatorship with no termination date is NOT in the best interest of the shareholders
- Transferring FNMA business to Ginnie May or others is NOT in the best interest of the shareholders
- Keeping FNMA on OTC platform is NOT in the best interest of the shareholders
- Minimizing risks to tax payers (aka Government) is NOT in the best interest of the shareholders
- Working with Treasury is a conflict of interest and is NOT in the best interest of the shareholders
The list goes on, but you get the point. With that said, there is enough evidence to file lawsuit against Mel and FHFA for not representing the shareholders as the Conservator.
Learn from PBYI. One day we'll all wake up to FNMA gap-up 300% and you'll wish you had loaded the night before. Unfortunately, you'll never know "which" night to load other than to make your best educated guess. With all the legal activities and earnings report ahead in the next few weeks, that "night" is upon us. Take your pick and sleep well - dreams do come true.
Plaintiff's Argument: Defendant's definition of Protective Information is to share only previously released public documents and mark all unreleased information "protected", which undermines the discovery process of narrowly defined Plaintiff's definition.
Translation: Government is denying access to information and proof that FHFA, Treasury, and other Government agencies worked as organized criminals to harm the shareholders of Fannie & Freddie.
Defendant's Argument: Disclosure of sensitive documents could bring broad market instability and inter-agency efforts on future housing reform. Plaintiff's discovery request would create a tremendous burden on the Government and the Court.
Translation: If the fraud committed by the US Government is uncovered, then there will be a lot of people going to jail. Therefore, the Government wants to hide and deny access to information.
Key takeaway: Notice the Defendant's own words - "the Government - the only party producing the documents". Their definition of Government includes the FHFA, US Treasury, and others agencies. The reason why Government is the only party producing documents is because Fannie & Freddie are currently 100% under FHFA management. So, the definition of Government also includes Fannie & Freddie. Therefore, there is only ONE party to produce the documents, which is BOTH parties. This brings up an interesting legal basis - we have the fox guarding the hen house. Judge Sweeney will see through this and grant discovery as proposed by the Plaintiff.
Usury is the practice of making unethical or immoral monetary loans intended to unfairly enrich the lender. A loan maybe considered usurious because of excessive or abusive interest rates or other factors. Also called a loan shark, the US Treasury acted in a predatory lending practice with 100% sweep of Fannie & Freddie profits leaving absolutely no way to repay the principal amount. This is an act of organized crime and federally illegal under our laws. FBI, SEC, OIG, and the Congress needs to investigate this act of violence against the shareholders and send those responsible to jail while nullifying any contracts made under duress.
The surplus reported is the result of the taking of Fannie & Freddie profits by the US Treasury and adding it to their bottom line. That's the reason for the sudden surplus.
It's all about making money. CFO's job is exercising the most beneficial financial transactions and apparently, SWHC has decided to increase leverage at 5% interest rather than using their cash. One reason I can think of is if they are expecting interest rate hikes and conserving their cash for later. For example, if interest rate goes to 8% next year, then this 5% is going to look like the work of a genius.
Rather than Microsoft getting into the highly competitive and low margin hardware arena, it should focus on developing the best purpose driven products. Windows 8 was just as disastrous as Vista with users down selecting Windows 7 over 8 on brand new purchases. Upgrade options for current Windows 7 users is NOT 8, but rather a Mac or one of the newer non-Windows tablets. Surface Pro is a failed vision. Instead, Microsoft should've capitalized on the success of XBOX - I would totally buy an XBOX Laptop or XBOX Tablet.
Looks like we trade similar stock. I just want to add that the store leases are not assets, but rather huge liability for RSH when trying to shutdown the stores due to penalties associated with breaking leases. These penalties have not been included in the 10k so be aware.
makeitsimple.. My conclusions are the result of following politics and marrying that data to my investments. You don't deserve the insight I have so I will just leave you with today's headline. Good luck with your investment strategy.
"Obama administration unveils plan to expand affordable housing"
"Lew also said the administration would use money from the Treasury Department's Federal Financing Bank to help housing finance agencies fund the construction of more affordable rental housing."
I couldn't have said it better, and I have been trying. I would like to add that the panic is greatly amplified when the stock moves irrationally downward contradicting reality as now when everyone is expecting upward movement. These are testing times, but the end result will be a nice win.