Need one at the moment, just 18 milion.
Ackman seeking COMPENSATION + DAMAGES!
Quote:
17. Accordingly, through this action, Plaintiffs seek the just compensation to which they are entitled under the Fifth Amendment. Plaintiffs also seek to recover for the Companies the damages to which they are entitled from the Government's breach of its contractual obligations.
Quote:
Link to Lawsuit filed today by ACKMAN against the U.S.
http://www.scribd.com/doc/236850558/Verified-...ing-Square
damage control after dance party press release
*Note: Since writing this piece, Obama has made his first public statement on Ferguson (see here). Apparently he is doing damage control after his dance party press release last night. What I find so interesting is how he first calls for calm on behalf of the protesters and then afterward addresses the police. Compare that to his statements on Egypt at the top.
At this point I want to make a comparison that relatively few people have zeroed in on. The similarities between the Bundy Ranch confrontation earlier this year and the unrest in Ferguson. While the superficial differences are stark (one group being white, rural and likely relatively well off, with the other being black, urban and poor), I believe the root cause of the unrest is more similar than you might think. There is seething anger at what is correctly perceived to be oppression and authoritarianism on behalf of the “status quo.” The key distinction here is that poor, black, urban communities have been dealing with this for generations, while it has only more recently targeted its sights on formerly middle-class white communities. This makes for an absolutely explosive situation going forward as the looting and pillaging of the power structure continues without repercussions for the offenders.
So why am I bringing up the comparison to the Bundy Ranch in the first place? Because I don’t want Americans to be divided and conquered further based on false superficial differences. All of us as citizens are involved in a monumental struggle not against each other, but against the status quo. The quicker we recognize this, the quicker we can deal with the real problem. Very early on, I attempted to focus on the similarities between the the Tea Party and Occupy Wall Street so that those two movements could join forces. I highlighted the following graphic whenever possible:
Screen Shot 2014-08-14 at 10.50.38 AM
Although we are now starting to see libertarians and progressives unite in Congress on some very important issues such as domestic surveillance, the demonization of each others’ movements by both sides as somehow less pure or enlightened than the other prevented a much wider and united action for social and economic justice. It was a huge missed opportunity and I don’t want this to happen again. The Bundy Ranch affair and the unrest in Ferguson, Missouri should be seen as two sides of the same coin. The American public finally getting fed up with the authoritarianism of the corrupt status quo.
Let Them Eat Cake, or Lobster or whatever they eat...
Not so really OT, as it highlights US Leadership's Disconnect and Indifference to what is happening as more and more fall into Poverty:
http://libertyblitzkrieg.com/2014/08/14/a-goo...uri-burns/
Fascism involves many discrete activities by the government, Repression by Force being one and Theft from Powerless Constituencies another.
Wow the 50 day moving avg is now 4.13....I believe we can hit that tomorrow. Would be nice if we close above it.
Most important post yet:
Hi everyone, I think we all need to read this very profound post from Tim Howard. It's exactly what many of us have been saying.
Ackman complaint: Is this what America has become?
by timhoward717
The Ackman complaint is a literal treasure trove of information. I highly suggest everyone study this document. The detailed case laid out regarding treasuries role in this is chilling. As i read this document I feel as if I am reading a Tom Clancy novel about some corrupt third world governmental scheme. Its almost unfathomable that this can be taking place in America.The degree in which our government has trampled the rule of law is staggering.I will be offering a detailed analysis of this complaint over the coming days but right now I want to vent.
This complaint speaks volumes as to the current state of our nation. The lawlessness described in this complaint reads like a Bernie Madoff type indictment. I honestly can't even study anymore of this tonight as it's making me feel physically sick.
This is a sad day for our nation. This complaint though a huge victory for our side is no cause for celebration,on the contrary I think we should all take a moment of pause. I know this is what we all wanted but I really need to take a break here. Lets take a moment to digest the sad truths that have been revealed. This is not what was ever intended for our great nation.Would our parents ever allowed their great nation to even think about conducting such a lawless heist? Is this the nation that the generations that came before us left us to inherit? So many people have become so self absorbed they no longer care about anything but themselves and their own selfish little plans.
Much of our media has become so detached from reality I honestly don't think they can even differentiate truth from false anymore. They view their organizations as a vehicle to push their own selfish agenda, the truth is irrelevant to them. Their readers are but pawns that serve one purpose, to fill their banks with gold. What we saw recently was a concerted effort to undermine our cause for their own selfish motives. I have been told that this was a concerted effort to try and once again derail our movement. Their are some very powerful people that are desperate to see us go away,many of whom stand to make huge financial gains if they can only tear us down to pennies.
For Gods sake folks we are but a small band of patriots fighting what history will view as one of the greatest David and Goliat stories ever told.
This detailed complaint vindicates us and condemns our opponents. History will be the final judge and we will all know that we did all we could to prevent our nation from continuing down a path that would have surely led to our ruin. I know we will be victorious I only pray that our nation can somehow get back to a place where even the thought of a scheme like this can not even take root never mind grow as it has now. Keep the faith!
and I want to thank each and everyone of you who stands with me.
Folks please, we must not give up, we are a small band of patriots fighting a gigantic machine. This will go down in history as one of the greatest David and Goliaths stories ever told.s
What have we become honestly? I say we because we have voted these criminals into office. Democracy is an action word yet most people now are more interested in their Face book status updates than holding their government accountable. They hyper partisan divisions in this country have played a huge role in allowing this to go this far.
People have blind faith in "their party". They take every word that is uttered out of their partys leaders mouths as gospel.This detailed accounting of the heist explains quite a bit. We now know why the senate banking committee was trying to ram through the Johnson/Crapo bill. They were desperate to ensure this never saw the light of day. It also explains why the government has gone to extraordinary lengths to fight the discovery process in the Fairholme lawsuit. After reading this you can only imagine whats being revealed there.
The way our government has literally trampled the rule of law is staggering. To date they have offered not one legitimate defense for their actions,because none exists. Their only strategy has been to try and stall and delay the process.
He only had to release it if it is over 5%. He is still going to be a victorious long with us
Has something to do with being an OTC stock. Doesn't show up.
Fannie has to be the best thing to have in your portfolio right now. I have 15k shares in my Roth and I am 24. I also have 1300 in a separate account. I have a sneaking feeling with all the mis trust of that illegal that is in the office that they might be afraid of all the law suits against them and at the very least settle. I think we will be released within the next 12-18 months at the very worst. Gov getting sued along with our "president". Things are too ugly in Washington for them to cripple the country even further. Hopefully there are some other young investors here so we can have a 50th reunion at the Wynn.
This is the best news yet. We are going to win!
Surprised we haven't herd anything. He was scheduled to be in Atlanta today?
Did Icahn close his position?
Not seeing FNMA. How to confirm?
http://www.sec.gov/Archives/edgar/data/921669...oTable.xml
I can't find anything? Did he really show up?
C'mon good news! Just got back from Cabo and I want to flip last weeks fluffers.
It bounced off 3.83 perfectly. Summer trading. Ups and downs. No biggie. Hold tight it's going to get interesting. Most stocks go up and then down up and then down.
I can't believe there is ANOTHER lawsuit!
mind = blown
Let's reach out to him and get him involved! $$FNMA$$
Thanks Pharaoh i need a glass of whine. Go FNMA $$FNMA$$
I agree 100%.