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Federal National Mortgage Association Message Board

valueinvestor.88888 173 posts  |  Last Activity: 21 hours ago Member since: Jul 6, 2013
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  • valueinvestor.88888 valueinvestor.88888 21 hours ago Flag

    Fannie Mae and Freddie Mac were Conservative Investments.
    The market manipulation of the GSEs began in October 2007 when virtually all shares
    outstanding were reported to be owned by just the institutional investors. Since October 2007,
    the GSEs have traded over 16 billion shares. This trade volume is ten times more shares than the
    GSEs issued. Throughout this time period, the reporting institutions owned all of the 1.6 billion
    GSEs shares. Where did this very large supply of additional shares come from? The only
    logical explanation is from counterfeiting.

    INFORMATION FROM: The Counterfeiting of Shares of Fannie Mae and Freddie Mac
    SEC Web site
    Executive Summary – Report Dated September 17, 2008

  • valueinvestor.88888 valueinvestor.88888 21 hours ago Flag

    Naked Short Sales – i.e. Counterfeit Stock and The SEC’s Emergency Order
    During the period of July 7, 2008 to September 5, 2008, a 44 day trading period, the GSE
    stock trading dramatically intensified to over 9 billion shares. On July 15, 2008, the SEC
    announced an emergency order to stop naked short selling in the GSEs that took effect on July
    21, 2008.
    In a naked short sale, the seller does not borrow real shares to deliver for settlement
    of the trade entered into, i.e. the transaction is not completed with real shares, which as the SEC
    has implied can have a very disruptive and negative impact for the market price of a security.
    Instead of the SEC‘s order against naked short selling curbing the illegal behavior in the
    GSEs, the practice continued. In theory, the government‘s actions to protect the GSEs should
    have calmed the trading, but it had just the opposite effect. It appeared that the counterfeiters of stock were relentless in their determination to manipulate the GSEs‘ stock prices and they
    continued to manufacture shares.
    Neither the regulators nor the financial press have asked the obvious question; Where are
    all of the GSE shares coming from that are being sold?
    INFORMATION FROM: The Counterfeiting of Shares of Fannie Mae and Freddie Mac
    SEC Web site

  • valueinvestor.88888 valueinvestor.88888 Jul 21, 2014 9:15 AM Flag

    "Answer not a fool according to his folly, lest thou also be like unto him. Answer a fool according to his folly, lest he be wise in his own conceit. " Proverbs 26: 4-5 KJV
    logicalthinker32 you just went on the "Ignore list."
    Jesus Love you.
    Best Regards.

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 6:37 PM Flag

    rmurphree you are totally right....

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 6:30 PM Flag

    rmurphree you mentioned TARP ...
    Ex-Wells Fargo CEO Kovacevich Did not want TARP !
    "The decision by the U.S. Treasury and the Federal Reserve in October 2008 to make banks take TARP money even if they didn't want it or need it was one of the worst economic decisions in the history of the United States,"
    "Who should compensate the thousands of small investors who sold their bank shares at all-time low prices while short-sellers were making a killing?" Kovacevich said. "I would hope the Treasury and the Fed would assume some responsibility for these unnecessary losses."
    "The protesters, in my opinion, should be occupying Washington, D.C., and the Federal Reserve."
    Kovacevich said some might ask, "Why didn't I just say no and not accept the TARP money?"
    "As my comments were heading in that direction in the meeting, Hank Paulson turned to Fed Chairman sitting next to him and said, 'Your primary regulator is sitting right here. If you refuse to accept these funds, he will declare you 'capital deficient' Monday morning,'" Kovacevich recalled. "'Is this America?' I asked myself."

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 6:21 PM Flag

    radcliffff this is good information you brought to this board ...

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 6:10 PM Flag

    Your are absolutely right chessmaster...

    From the Berman Lawsuit, The Government Bullied and Coerced the Companies’ Boards of
    Directors Into Consenting to the Conservatorships, Thus Rendering Their Consent Invalid.
    The shareholders of Fannie Mae did not consent, by resolution or other means, to the appointment of a conservator. Likewise, the shareholders of Freddie Mac did not consent, by resolution or other means, to the appointment of a conservator. Companies were threatened and given a mere 24 hours to either accept the conservatorships or have them forced upon them. The de minimis period afforded to the Companies’ board members to consider the appointment of the FHFA as conservator was inadequate for meaningful deliberation, rendering any purported consent given by any of the Companies’ board members unsubstantiated and invalid.

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 5:09 PM Flag

    rmurphree, I think the Government knew the GSE's where turning profitable ...
    As the 2012 Amendments were under consideration, Fannie Mae and Freddie Mac were
    experiencing a turnaround in their profitability.
    2012. Fannie Mae had net income of $5 billion and Freddie Mac had net income of $3 billion,
    and neither required a draw from Treasury under the PSPAs.
    On August 17, 2012, less than two weeks after the Enterprises announced their positive quarterly
    earnings, Treasury and FHFA announced that they had modified the terms of the PSPAs. In its
    press release, Treasury said that the changes would “help expedite the wind down of Fannie Mae
    and Freddie Mac.
    Definition PSPA's : Senior Preferred Stock Purchase Agreements.

  • valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 5:04 PM Flag

    Crisis and Conservatorship
    Government directive to purchase bad loans from private banks, in order to prevent these banks from failing, as well as the 20 top banks falsely classifying loans as AAA, caused instability. Paulson knew that Lehman Brothers and other banks were in trouble and would soon require Fannie Mae and Freddie Mac to purchase their toxic debt; this meant that he would need a fast method to bailout the banks, so he devised a method to use Fannie and Freddie as a backstop. Paulson's plan was to go in swiftly and seize the two GSEs, rather than provide loans as he did for AIG and the major banks; he told president Bush that "the first sound they hear will be their heads hitting the floor", in a reference to the French revolution, and the taking ( fifth amendment ) of their assets -- without compensation: "
    NOTICE WHAT WAS STATED: SEIZE THE TWO GSE's

    The August 2012 Third Amended Agreement, which was signed only by two government operatives, then acting director Edward J. DeMarco of FHFA and Timothy Geithner, then Treasury Secretary. "Their contracts" with the federal government are not "their" contracts. They are just "contracts" that the government has entered into itself. The simple point here is that neither government agency represented the GSEs's shareholders who assets were stripped bare by government actions. Of course, the companies cannot pay back the debt because the government has seized all the assets that would allow that result to happen.

  • Reply to

    Ask Yourself This

    by isis.alon Jul 18, 2014 1:07 PM
    valueinvestor.88888 valueinvestor.88888 Jul 19, 2014 10:50 AM Flag

    Great idea I would contribute.

    Would be nice to send every congressman/woman a copy of Professor Richard A. Epstein,
    "The Government Takeover of Fannie Mae and Freddie Mac:
    Upending Capital Markets with Lax Business and Constitutional Standards"
    nyu edu doc Epstein pdf
    and a copy of,
    "The Counterfeiting of Shares of Fannie Mae and Freddie Mac."
    INFORMATION FROM: U.S Securities and Exchange Commission web site.
    PDF FILE: "The Counterfeiting of Shares of Fannie Mae and Freddie Mac."

  • Reply to

    Ask Yourself This

    by isis.alon Jul 18, 2014 1:07 PM
    valueinvestor.88888 valueinvestor.88888 Jul 18, 2014 1:42 PM Flag

    Property Rights
    Lawsuits in essence will go down in history as a defining moment of "Individual Property Rights."

    Either a historical moment when our judicial system upholds, "Fifth Amendment to the United States Constitution." Or rules in favor of the United States by Nationalization of Private Property.

  • valueinvestor.88888 valueinvestor.88888 Jul 17, 2014 9:32 PM Flag

    fearful_friday , I do not know who give you the thumbs down. I think the question of the estimated recurring profits is a great question you have brought to this board. If we get out of C-Ship will be important numbers to know. anthonychristiano606 seems to be good with numbers maybe he will give his thoughts. Best Regards.

  • valueinvestor.88888 valueinvestor.88888 Jul 17, 2014 3:23 PM Flag

    Estimate of the recurring profits generated by the businesses of FNMA.
    Seeking Alpha thinks , $ 22,693 Billion.
    If that is the case,
    5,762 shares outstanding with the warrants.
    1,159 shares outstanding (rounded up) without the warrants.

    $22,693 divided by 5,762 = EPS $3.94 x 8 P.E. = $ 31.52 Per share.
    Without the Warrants,
    $22,693 divided by 1,159 = EPS $19.58 x 8 P.E. = $ 156.64 Per Share

  • Reply to

    TARP WARRANT WATER STONE ?

    by valueinvestor.88888 Jul 14, 2014 8:27 PM
    valueinvestor.88888 valueinvestor.88888 Jul 15, 2014 7:17 AM Flag

    What are the details ? Water Stone selling Fannie Mae short with TARP MONEY ? This is huge if true... Tell me about it .

  • valueinvestor.88888 by valueinvestor.88888 Jul 14, 2014 8:27 PM Flag

    What was the deal with this and the Treasury ?
    Was it a conspiracy theory some kind of made up story ? Just asking...

  • valueinvestor.88888 by valueinvestor.88888 Jul 14, 2014 12:34 PM Flag

    Anyone needing a clear understanding of the condition of Fannie Mae and Freddie Mac Google,

    "The Government Takeover of Fannie Mae and Freddie Mac:
    Upending Capital Markets with Lax Business and Constitutional Standards"
    nyu edu doc Epstein pdf

    After reading this report the conclusion , There is no way the Government can legally win in court.

  • Reply to

    Why are the Hedge Funds Afraid?

    by freefrommatrix Jul 13, 2014 6:24 PM
    valueinvestor.88888 valueinvestor.88888 Jul 13, 2014 7:27 PM Flag

    Professor Richard Epstein, Said,
    " The August 2012 Third Amended Agreement, which was signed only by two government operatives, then acting director Edward J. DeMarco of FHFA and Timothy Geithner, then Treasury Secretary. "Their contracts" with the federal government are not "their" contracts. They are just "contracts" that the government has entered into itself. The simple point here is that neither government agency represented the GSEs's shareholders who assets were stripped bare by government actions. Of course, the companies cannot pay back the debt because the government has seized all the assets that would allow that result to happen. "

  • Reply to

    Taxpayer on the hook ? Yeh, Right !

    by valueinvestor.88888 Jul 13, 2014 9:33 AM
    valueinvestor.88888 valueinvestor.88888 Jul 13, 2014 11:39 AM Flag

    rmurphree , Nice to know there are people that can see through the lies..

    A few quotes from history,
    “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
    Joseph Goebbels

    “Make the lie big, make it simple, keep saying it, and eventually they will believe it”
    Adolf Hitler

    “How fortunate for leaders that men do not think.”
    Adolf Hitler

    “The great masses of the people will more easily fall victims to a big lie than to a small one.”
    Adolf Hitler

    “In Russia we only had two TV channels. Channel One was propaganda. Channel Two consisted of a KGB officer telling you: Turn back at once to Channel One.”
    Yakov Smirnoff

    “The United States has it's own propaganda, but it's very effective because people don't realize that it's propaganda. And it's subtle, but it's actually a much stronger propaganda machine than the Nazis had but it's funded in a different way.”
    Crispin Glover

  • valueinvestor.88888 by valueinvestor.88888 Jul 13, 2014 9:33 AM Flag

    Will someone please explain to me how the American Taxpayer is on the “Hook to Guarantee Fannie and Freddie.” ?

    May 1, 2014
    Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change, as
    Modified by Amendment No. 1, to List and Trade Shares of Fidelity Investment Grade Bond
    ETF; Fidelity Limited Term Bond ETF; and Fidelity Total Bond ETF under NYSE Arca Equities
    Rule 8.600

    Certain issuers of U.S. Government
    securities, including the Federal National Mortgage Association (“Fannie Mae”), the
    Federal Home Loan Mortgage Corporation (“Freddie Mac”), and the Federal Home Loan
    Banks, are sponsored or chartered by Congress but their securities are neither issued nor
    guaranteed by the U.S. Treasury. Page 5

    Fannie Mae and Freddie Mac, which guarantee payment of interest and repayment of principal on Fannie Maes and Freddie Macs, respectively, are federally chartered corporations supervised by
    the U.S. Government that act as governmental instrumentalities under authority granted
    by Congress. Fannie Mae and Freddie Mac are authorized to borrow from the U.S.
    Treasury to meet their obligations. Fannie Maes and Freddie Macs are not backed by the
    full faith and credit of the U.S. Government. Page 6

    SECURITIES AND EXCHANGE COMMISSION
    (Release No. 34-72064; File No. SR-NYSEArca-2014-46)

  • Reply to

    can teh fed wind down fnma fmcc

    by peacefrommike Jul 11, 2014 5:55 PM
    valueinvestor.88888 valueinvestor.88888 Jul 11, 2014 8:12 PM Flag

    As a follow up on my previous post excellent read
    BY RICHARD EPSTEIN ON JULY 17, 2013
    "The Bipartisan Attack on Fannie and Freddie: How the Treasury and Congress are Working Overtime to Strip these Corporate Cupboards Bare"

FNMA.OB
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