i agree fully buyer needs to have some skin in the game for them to do what it takes to make mortgage payments one problem though most dont have 2% down much less 20%
they need a plan that would allow them to save face, pay back treasury,give them their 10%(which is kind of high imho)and a way to restore ownership to shareholders. i agree with eckgar1 if they do win the whole system will fall. who would trust the government on anything going forward with bonds or whatever
thats exactly what i was thinking to . i stated when i decided to stay long that i was either going to be rich or be in courts for the rest of my life. sec is federal department and where were they vvhen the feds decided to keep fanny and freddy. i see all kinds of lawsuits. i really have to much at stake on this but i feel that the courts will side with shareholders. if for some unknown reason we lose i will have a pretty dismal retirement. i'm totally all in and plan on taking some off the table at $5,$10,and $15.
what do you mean ? their pretty cheap right now. they might bring it down to a dollar but i doubt it would go below so your looking at 50 cents a share gain not to much to talk about
wonder why your good questions didnt get a response a long worth his salt should have jumped on some answers for you i was considering also pulling the trigger but sounds to much like a pump and dump
yes i have and i dont watch the tick by tick or i would probably have sold some shares by now. i really think shareholders are going to win. i hope it dont but im prepared for it to take 5 years. i just retired in march.
he said the only reason he sold his shares is his conflict of interest that people were bringing up.. he sold so he would be more creditable going forward. he really really wants the task of making everything square like he accomplished with aig.