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Krispy Kreme Doughnuts, Inc. Message Board

richdawn6973 231 posts  |  Last Activity: Apr 8, 2014 1:00 PM Member since: May 21, 2013
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  • Reply to

    James Lockhart EXPOSED - He lied!

    by bladedoctor01 Apr 7, 2014 7:56 AM
    richdawn6973 richdawn6973 Apr 8, 2014 1:00 PM Flag

    A lot more will EXPOSED upcoming Days, Weeks, and Months. Not YEARS!!!!! FnF will expose all the Evil Hands. This glove will fit all of them. Its a fit...

    Sentiment: Strong Buy

  • richdawn6973 richdawn6973 Apr 8, 2014 12:54 PM Flag

    Video Feed Available On Bloomberg

    Sentiment: Strong Buy

  • richdawn6973 richdawn6973 Apr 8, 2014 7:57 AM Flag

    The Fools are finally seeing the bigger picture more clearly. I didn't think Motley had it in them.

    Sentiment: Strong Buy

  • Reply to

    THE GOV SHORTING YOUR HOME!

    by seedssaw Apr 7, 2014 6:13 PM
    richdawn6973 richdawn6973 Apr 7, 2014 6:27 PM Flag

    No Heads we lose and Tails we lose.
    Obammy Rigged Coin.

  • richdawn6973 richdawn6973 Apr 7, 2014 6:24 PM Flag

    Yahoo won't attach Dr. Sankarshan Acharya - bio
    Sorry.

  • This site is run by Dr. Sankarshan Acharya - bio below. On this site you can find a letter he wrote to President Obama (cc Eric Holder and Mel Watt) in which he points out this very issue of Treasury and selected hedge funds improperly shorting GSE stock. He has A LOT of info on his site and in the letters so you have to look and read carefully.

    Google or Yahoo: Search Pro-Prosperity

  • richdawn6973 richdawn6973 Apr 7, 2014 5:48 PM Flag

    Reference Info at ValueWalk
    Released: April 04, 2014, 2:00 pm

  • richdawn6973 richdawn6973 Apr 7, 2014 5:36 PM Flag

    Waterstone Capital Reduces Fannie Mae Short Right Before Big Drop.
    Waterstone cites volatility and rampant speculation, doesn’t change its position on shares’ ultimate value
    Bill Ackman, Bruce Berkowitz, and other investors who are long on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) have gotten most of the attention as GSE reform has become a bigger part of the news cycle, but after a year of rising share prices, in the face of a government promise that dividends will never be paid, those positions also looked like good targets for short sellers.

    Fannie Mae Freddie Mac FHFA Federal National Mortgage Assctn Fnni Me (FNMA)

    After taking a beating from shorting Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Waterstone Capital Management used the recent dip in price to cut its losses and reduce exposure to what is becoming a difficult-to -predict political risk. Waterstone’s Fannie Mae short lost 2.5% in February, according to its recent letter to investors.

    “This loss has been made back in March, but we have reduced the size of this position in March because of the extreme volatility and rampant speculation in these securities,” the fund wrote in a recent letter to investors, a copy of which was reduced by ValueWalk. Fannie Mae preferred shares (FED NTL MTG SER Q (OTCBB:FNMAI)) have fallen from a high of $11.40 on March 7 to $8.79, compared to less than $3 a year ago; common shares are down from a recent high of $5.82 to $4.03, but still up 350% over the last 52 weeks.

  • richdawn6973 richdawn6973 Apr 7, 2014 8:18 AM Flag

    Article: Pressure grows for Fannie Mae and Freddie Mac wind-down
    By Gina Chon in Washington

  • Reply to

    FNMA CEO SPEAKS!!

    by peacefrommike Apr 5, 2014 11:51 PM
    richdawn6973 richdawn6973 Apr 6, 2014 8:00 AM Flag

    Basically Mr. Mayopoulos is saying Fix, Monitor, and Release...

    Fannie Mae CEO Tim Mayopoulos on Thursday said it would be a mistake to delay U.S. housing reform simply because his company and sibling Freddie Mac have returned to profitability.

    That’s because taxpayers remain first in line for most of the housing finance system’s losses should another crisis occur, Mayopoulos told a crowd of mostly banking lawyers in Charlotte.

    “Having taxpayers (in that position) is obviously not good policy and is obviously not sustainable long term,” he said at the UNC Chapel Hill law school’s annual Banking Institute conference.

    Mayopoulos, a former Bank of America executive who still commutes from Charlotte, declined to endorse any of the housing reform proposals that have emerged in Congress, many of which wind down his company over time. Last month, Senate Banking Committee Chairman Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, introduced legislation that would phase out Fannie and Freddie and bring more private capital into the housing market.

    Mayopoulos said clarity is needed on Fannie and Freddie’s future before private capital returns to the system.

    Fannie and Freddie buy loans and package them into securities for investors.

    The U.S. government placed Fannie Mae and Freddie Mac in conservatorship in September 2008 after they suffered huge losses during the financial crisis. Fannie Mae has returned to profitability and as of March 31 has paid dividends of $121.1 billion on the $116.1 billion of aid it received from the government.

    Mayopoulos said any future system will need to incorporate critical infrastructure Fannie and Freddie bring to the housing finance system and should avoid “unintended consequences” that would disrupt the $10 trillion housing market.

    Sentiment: Strong Buy

  • Reply to

    Fairholme Wins Again In Court vs Treasury/FHFA

    by bernie02 Apr 4, 2014 7:05 PM
    richdawn6973 richdawn6973 Apr 4, 2014 10:29 PM Flag

    During the discovery period, the court will conduct a telephonic status conference every two weeks, unless both parties concur and inform the court that a status conference is not necessary. Additionally, the court will make itself available if a dispute requiring its immediate attention arises at any other time during the discovery period. Status conferences shall take place on:

    Wednesday, April 23, 2014, at 1:00 p.m.

    Wednesday, May 7, 2014, at 11:00 a.m.

    Wednesday, May 21, 2014, at 11:00 a.m.

    Wednesday, June 4, 2014, at 11:00 a.m.

    Wednesday, June 18, 2014, at 11:00 a.m.

    Wednesday, July 2, 2014, at 11:00 a.m.

    Wednesday, July 16, 2014, at 11:00 a.m.
    Wednesday, July 30, 2014, at 11:00 a.m.

    Defendant shall serve on plaintiffs its RCFC 26(a)(1)(A)(i) and (ii) initial disclosures no later than Monday, April 7, 2014.

    Plaintiffs shall serve on the government their initial round of document requests, if any, no later than Monday, April 7, 2014.

    The parties shall serve interrogatories, if any, no later than Monday, April 7, 2014.

    The responding party shall serve any objections to interrogatories within 14 calendar days of receiving such interrogatories.

    With respect to all discovery requests, the responding party shall serve responses within 30 calendar days of receiving such requests.

    The parties shall attempt to resolve objections, and discuss any issues regarding the format for production of responsive materials, over the 7-day period following the service of objections. If objections are not resolved by the end of that period, the objecting party shall bear the burden of moving for a protective order no later than 7 days after the close of that period.

    Depositions shall be completed no later than Thursday, July 31, 2014.

    Nothing in this order prevents the parties from entering into a claw-back agreement pursuant to Federal Rule of Civil Procedure 26(b)(5) and Federal Rule of Evidence 502.

    Sentiment: Strong Buy

  • richdawn6973 richdawn6973 Apr 3, 2014 4:28 PM Flag

    As a first action by Investors Unite, dozens of investors from across the United States will take part in a round of meetings with the offices of Senate Banking Committee members on Wednesday, April 9, following a press conference at the National Press Club.

    For more information about Investors Unite, please visit investorsunite.org.

    Investors who wish to join or learn more about the coalition can contact info@investorsunite.org.

  • richdawn6973 richdawn6973 Apr 3, 2014 4:25 PM Flag

    Unfortunately Me and my Wife are unable to attend. Due to Owning and Operating our business. We have to pay our bills first. We really wanted to go.

  • Joining Forces with Ralph Nader and Others, Tim Pagliara Forms Coalition.

  • richdawn6973 richdawn6973 Apr 3, 2014 4:14 PM Flag

    As a first action by Investors Unite, dozens of investors from across the United States will take part in a round of meetings with the offices of Senate Banking Committee members on Wednesday, April 9, following a press conference at the National Press Club.

    For more information about Investors Unite, please visit www.investorsunite.org.

    Investors who wish to join or learn more about the coalition can contact info@investorsunite.org.

    Reporters with inquiries can email media@investorsunite.org.

    About Investors Unite: Investors Unite is a coalition of private investors from all walks of life, committed to the preservation of shareholder rights for those invested in the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. It was formed recently by Tennessee investor Tim Pagliara.

    Contact: media@investorsunite.org

    SOURCE Investors Unite

  • 12:48p ET April 3, 2014 (PR NewsWire) Print

    Today, Tim Pagliara, Chairman & CEO, CapWealth Advisors, and investor in Fannie Mae and Freddie Mac, announced the formation of a broad coalition of individual Fannie and Freddie shareholders seeking full restitution after their dividends were seized by the Treasury Department in 2012 under terms of U.S. Government-mandated conservatorship.

    The grassroots coalition of shareholders will be called Investors Unite and includes investors from across the United States who have banded together to take action to influence the course of government-sponsored enterprise (GSE) reform. The grouping will work to impact and amend proposed legislation, such as the Johnson-Crapo proposal, which would fully vanquish Fannie and Freddie shareholders.

    "I'm hearing from scores of outraged people invested in Fannie and Freddie who are incredulous at the way in which the US Government side-stepped the rule of law to seize legitimate investments and profit," said Tim Pagliara. "Many are ready to take action. Some will be in Washington, D.C., next week to meet with legislators like those on the Senate Banking Committee who think they might be able to dismiss investor rights and the rule of law as they rally behind the Crapo-Johnson bill.

    Pressure on Congress to enact reform that restores the rights of Fannie Mae and Freddie Mac investors has intensified in recent months under the leadership of famed consumer rights advocate Ralph Nader and Tim Pagliara, both investors in Fannie Mae and Freddie Mac. The two recently came together alongside affordable housing rights advocates at a Shareholder Respect roundtable in Washington, D.C., to point to the failure of GSE reform initiatives, such as the Corker-Warner proposal and PATH Acts, to address shareholder rights.

  • Reply to

    ok here's my idea

    by aroadrock Apr 3, 2014 12:50 PM
    richdawn6973 richdawn6973 Apr 3, 2014 12:58 PM Flag

    On the the count of three.

  • richdawn6973 richdawn6973 Apr 2, 2014 4:21 PM Flag

    The memo has rocked the case. As New York Times’ business columnist Gretchen Morgensen noted in a scathing exposé two weeks ago, Treasury officials apparently “just forgot” to tell shareholders that they had changed the investment rules in the middle of the game. This failure to disclose appears to conflict with securities laws that require notifying investors of any “material” information. In other words, federal officials appear to have conspired—a word pregnant with implications but not unfair in this context—to treat shareholders more like characters in “Night of the Living Dead” than investors who had helped keep the fragile home market from total collapse.

    Compounding the problem, when the bailout was hastily cribbed together during the height of the crisis, there was almost no oversight by the courts or Congress. That loosey-goosey management style apparently continued at Treasury. Now, the failure by the administration and government officials to cleanly and openly deal with Fannie and Freddie shareholders is coming back to haunt them.

    A lot is at stake here. President Obama has said he wants a new law winding down Freddie and Fannie yet preserving their critical role in the marketplace for aspiring homeowners—“keep[ing] the dream of home ownership alive for future generations.” That goal seems increasingly unlikely.

    With the mid-term elections looming, reform legislation, while popular in theory, is unlikely to get traction. Which leaves open the door to the possibility of leaving well enough alone—letting Fannie and Freddie make oodles of money for taxpayers while providing guarantees to keep the still-bruised mortgage market liquid, only this time, regulate them properly and ensure they have sufficient capital reserves.

    The judge’s decision to allow discovery does not bode well for the rest of the government’s case. Whenever it’s sued, particularly in challenges to its decision-making during a crisis—and this was the Whopper of modern-day financial crises—the courts traditionally act deferentially. Not this time. And plaintiffs are convinced that the leaked 2010 memo is just an ankle glimpse of what could be a motherlode of questionable internal policy decisions hiding behind government skirts.

    With lawsuits flying and more discovery mine bombs likely to explode in the months ahead, and with court testimony from the likes of Ralph Nader planned, nothing good is likely to come of the government holding firm on its position that it’s okay to decide behind closed doors to strip legitimate shareholders of their legal rights.

  • richdawn6973 richdawn6973 Apr 2, 2014 4:19 PM Flag

    As happened so often during the financial meltdown, the government cherry-picked winners and losers among debt holders that it selectively chose to prop up. It was often arbitrary and political, but now it turns out it also may have been illegal. Just as the housing market began turning around in 2010, officials at Treasury, backed by the administration, hatched a plan to turn common and preferred shareholders into zombie investors, including those who had come on board after the crash at the government’s wooing.

    Instead of using profits to pay off the GSE’s debt, the government secretly switched gears, deciding to send all earnings directly to the Treasury, planning to maintain Freddie and Fannie as shells until the government chose to put them out of their misery. But then the unexpected turnaround happened, complicating matters.

    Investors contend they assumed substantial risk—few people thought Freddie and Fannie would rebound, let alone become investment stars—and so they have a right to share in the GSE’s revival. The litigants point to the government’s bailout guarantee that it would “preserve and conserve the assets and property” of each entity.

    “Taxpayers should recoup their investment in the GSEs,” wrote Nader in a later sent last month to Treasury Secretary Jacob Lew, “but the Administration does not have to wipe out shareholders for this to happen.”

    In the months since the suit was filed, the government had cockily assumed it would brush off the legal challenge by maintaining that the GSEs are still in a government-run conservatorship, insulating them from legal challenge.

    But the ground shifted when word of apparent backroom shenanigans emerged over the past month. According to an internal 2010 memo unearthed by the plaintiffs, a top Treasury official privately encouraged the government to abandon its commitment to shareholders, saying “existing common equity holders will not have access to any positive earnings from the GSEs in the future.”

    The me

  • By Jon Entine, March 4, 2014

    In a flurry of developments last week, Fannie Mae and Freddie Mac, on life support three years ago, are now officially cash cows for the US Treasury. But they are more than that: legal experts believe they may be ticking time bombs for the Federal government, which faces an explosive court challenge to its backroom handling of the bailouts.

    First the good news, at least for taxpayers. On Friday, Freddie, the smaller of the two Government Sponsored Enterprises (GSEs), announced it had earned $8.6 billion in last year’s fourth quarter. Combined with the $6.5 billion reaped over the same period by Freddie, the two firms are poised to return all of the $187.5 billion paid to them during the 2008 government rescue, plus a tip of $15 billion, with more money headed Treasury’s way as far as the eye can see.

    It’s a startling turn of events. But the windfall doesn’t mean much for the GSE’s 21,000 shareholders, who may see none of the profits. At least that’s the government’s contention. The courts may see this differently.

    Putting a damper on the government’s celebration, last week a federal judge granted a motion by Freddie and Fannie shareholders allowing them to proceed with discovery in their suit against the government. Who are these investors and what is their beef? They are hedge funds but also thousands of employees, pensioners, 401K funds, mutual funds and small banks, as well as shareholder rights activists, including, surprisingly, Ralph Nader.

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