the bill has been a plague on investor rights and stock price for so long. They barely had 12 to support it I bet but that is not guaranteed they had that because of the no vote. If a bill cannot get out of committee with at least 14 or more votes yea then its DOA. The ones that did not support it are for the constitution and the rule of law being upheld.
Cannot get away with nationalizing the housing markets during an election year. Also smart money like these hedge funds know you cannot take away property rights of others without a fight in the courts because you shall lose . This bill is dead even if it gets the votes out of committee on Tuesday.
this will be just another lawsuit against the government if it ever passed that would have to be ultimately decided by the supreme court. DON'T THESE LAWMAKERS KNOW THIS.
You guys might have one more day to pick up some of the shares cheaper that you sold today because you are a scared cat in my opinion. Crapo bill dies in committee news or any delay by the committee could cause tremendous upside spike in price. This is where you check your balls, grit your teeth and absorb what ever pain or reward the market gives you. ARE YOU SCARED OF A CRAPO BILL? I am not..... good luck
And for all those ones that bash me for flip flopping I have a cold soar you can suck on. I am for investor rights, taxpayer rights and the rule of law. I will be here to annoy you whether you like it or not and the government can suck it to with this criminal agenda to steal the property of its citizens.... For all the ones that have been nice to me for coming back to the good side in support of what is right God Bless you for forgiving a fool like me and good luck to you . HAVE A GREAT WEEKEND.
#1 FACT: Government loose regulation on banks. #2 FACT : The banks package bad loans and dump those loans in the laps of investors thus defrauding them into thinking they are buying quality Government backed mortgages. #3 FACT: The whole system crashes as a result. #4 FACT: Taxpayers are made to believe its the GSE's Fannie and Freddies Fault. #5 FACT: The government changes the bailout agreements for a total sweep of profits to deposit in the treasury as both GSE's are returning to profitability and as banks are settling the fraud for pennies on a dollar. #6 FACT: They still are drafting legislation to try and unwind and cover up the government wrong and keep both under a different name to take control of housing and its profits. #7 FACT: That's is enough facts for now our GOVERNMENT NEEDS REFORM NOT FANNIE AND FREDDIE.
No real explanation needed. Taxpayers got there money back and then some and everyone knows what the simple fix is. Its not that complicated anymore really other than a few rule changes on banks that need to be put in place under the current system. TAXPAYERS HAVE BEEN MADE WHOLE!!! NOW INVESTORS DESERVE RESPECT. No republican is going to support a takeover of housing by the government like they did with healthcare.
Obama is not for investors lets get that straight he would rather support the 1% rich bankers that committed fraud that I thought he campaigned against. . Copy to browser and scroll down to page 2. enjoy.
Is everything this mans fault. Nafta agreements killing American Industry, the beginning of the end of housing markets with loose regulation. Everything goes back to Clinton and I heard Chelsie who is a pro abortion addict is going to bring a baby into the world. Please Don't be a boy.
nah... Fannie and Freddie going give my grandchildren a mortgage one day. Tuesday when this gets put off because they only have the bare minimum support they will have to roll up their sleeves and try and come up with a better plan. this one sucks and does not pass muster.
I served this country hercmeg during two wars and always believed the rule of law would prevail and no American citizen should be stripped of any of its rights. Yeah I bashed the heck out this before thinking that investors some how were at fault or connected to this collapse when it was the banks on loose regulation that caused all this fraud and corruption to take place in the housing markets. They took advantage of taxpayers and investors and now have political ties strong enough to protect them. These political people that support this moral hazard (crapo bill) have no ethics and are the real enemy to its own citizens.
A committee vote or any agenda to take away rights or properties of others want succeed in the courts. Thank goodness for the checks and balance system set up by our forefathers to protect and conserve the constitution and the rule of law. These hedge funds are not betting on these inept executive and legislative branch of government abusing its power they are betting on the Justice Department to rule in favor of investors constitutional rights to protect their property. SUPREME COURT CASE IN THE MAKING.
lets get that straight before you vote on Tuesday.
and that they sold those bad mortgages into the economy(investors of Fannie and Freddie) should be enough to sway a few senate committee members in not voting on a cover up bill. She said the Fraud by the banks started about year 2000 and these same bankers are parading around Washington. Those are some strong comments that Investors Unite and supporters of Fannie and Freddie need to use as an advertising campaign against these senators that vote for this bill.
I feel like the lawyers working for hedge funds have uncovered some major details thru discovery that support investors claims . I believe also they have accessed many related settlement documents between the government and big banks that support shareholder claims. This Discovery process may take a while but I do believe in the end the courts will rule in favor of shareholders. The government cannot ignore shareholder rights to their property and amending or changing bailout agreements after both became profitable does not look good for the government's position. The changes to suit political agenda after both GSE's became profitable and paid back the bank bailout fraud shows in my opinion political intent to defraud shareholders and seize housing profits indefinitely. The courts in my opinion want rule in favor of government ill will against its citizens. JMO...
This is becoming a housing showdown not a slowdown. The government is dead wrong and investors rights are being violated in the current bill being proposed. Thanks sueojlee for all your informative posts.
Government loose regulation and banks that sold poorly underwritten high risk government backed mortgages to investors corrupted the system. These are proven facts and the banks settled this fraud for pennies on the dollar after the collapse.. LETS GET THAT STRAIGHT. Truth comes from knowledge of facts. Investors of Fannie and Freddie are not the scape goat for bank fraud because of loose regulation.
Do I now think that taxpayers were fully compensated for that investment? Yes they not only got paid but also got good return on that investment. This helps investors cause because that loan was not free and investors have more than earned the right to fight now. In this current bills language it appears to be nothing short of stealing and greed by our government to take over housing like they did healthcare.. Look its not your fault the government wrote the rules but someone had to pay and the government has no money without taxpayers. You should be rewarded along with every other investor that believed in the end the government would do what is right. It seems some of our elected officials are leaving out the facts in the bills they are writing thus they ignore the truth. I certainly do not want them to cause further harm to those that have suffered the worst.