FNMA Stock Updates 08/27/2014 10:32:22 $FNMA
I wish you luck! I've flipped f&f so many times and sitting about the same on profit from them as I would have if I would have kept them long term. IMO
Ahh...there were 2 new bans yesterday.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
and Super-lawyer David Boies is working both AIG and Fannie
third amendment
and the judge would not dismiss a mega suit against the GOV for actions that MOST would think were protected by the raging fire and national security or emergency powers
stealing after the fact would seem like shooting non moving target
the NYSE possible listing is great news
IMO the AIG story is 10x as important
Takings argument not dismissed
NOW - it is not a decided case but the GOV could not toss out
AND
AND
AND
IMO - what makes it oh so wonderful glorious immense is (AFAICT) is that the ACTION being challenged by Starr/Steinberg was all or mostly an action that occurred DURING THE FIRE !!
While some lawsuits challenge day one of F and F - two or three big ones with top gun attys are laser focused on the LATER action of the change from 10% to all profit
Well if the national emergency - per one judge - is not enough grounds for the GOV action during the fire
What does that suggest for the POST FIRE no emergency - nothing on fire - defense of the shift to all profit AFTER the FACT
wowo
Not only would we be well on our way to a release, but Big money buys in also. $10+ easy
Go FNMA Go $$$$>>>>>>>>>>>>
GLTA
Regal Point building a position on Fannie Mae
While Marolia first heard about the NQ Mobile Inc (NYSE:NQ) short by reading Muddy Waters report like the rest of us, he was convinced to take a position in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) after having a conversation with Bruce Berkowitz of Fairholme Capital. Late last year Berkowitz gave a talk at Rollins College, where Marolia earned his MBA and serves on the alumni board, and the two got to discussing Fannie Mae at a meet and greet afterwards.
He initiated the position with preferred shares, but as his conviction grew he started building a position in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) common stock, making it a top three position for Regal Point if you include both common and preferred, and he has no intention of backing down.
“As part of regular portfolio management we’ll trade around a position. We will have multiple shares, or options in NQ Mobile’s case, and we will take some profits here, add back to the position,” says Marolia. “With Fannie Mae, we are building a position. I am not doing a lot of trading around that, I am not planning on taking my profits anytime soon.”
Marolia doesn’t think that a political solution to the Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) impasse is realistic. He compares it to the tax code, which everyone agrees needs to be fixed, but with so many conflicting views the odds of anyone finding a workable compromise are practically zero.
“It all comes down to that third amendment, the legal sweep… and it seems that the law is on our side. That third amendment qualifies as self-dealing,” says Marolia. And if he gets the ruling that he expects, Marolia expects that Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) common stock could easily jump fourfold over their current low prices.
$$$$$FNMA$$$$$
If the AIG case is over in 6 weeks, this could be used as precedent for Fannie Mae.
OMG Risky!!! Your kidding me!
If you are happy, me too. 575k shares locked.
The SARS has flipped today so we have some momentum going forward. Let's see how far up this move carries us. All the best.
This one is the news. IMO
so just think about it "folks" ... lol
when you hear the words " injunction from SWEEP " ... I mean STEAL !
GINORMOUS SUPERNOVA !
Wow what a day...4.04 is the 50 dma so if we close at or above it confirm starting uptrend Jayman, Zarg, Darrell, and many more, my buddies?
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a Sept. 29 trial.
Judge Thomas Wheeler of the U.S. Court of Federal Claims said the case brought by Greenberg's Starr International Co on behalf of itself and other AIG shareholders involves "complex financial and economic issues" that deserve analysis and testimony from qualified expert witnesses.
"The complexity of the submissions and the factual disagreements strongly point to the need for a trial," Wheeler wrote in an order dated Monday.
A trial is expected to last six weeks.
A U.S. Department of Justice spokeswoman declined to comment.
"The decision speaks for itself," David Boies, a lawyer for Starr and Greenberg, said in a statement.
Starr had been AIG's largest shareholder, with a 12 percent stake, before the government rescued the New York-based insurer on Sept. 16, 2008, from skyrocketing losses.
The government took an initial 79.9 percent stake in AIG and conducted a reverse stock split, diluting existing shareholders.
Starr sued in 2011, contending that the $182.3 billion bailout was an illegal taking that violated its due process rights under the Fifth Amendment of the U.S. Constitution.
Greenberg's company had separately sued the Federal Reserve Bank of New York over its role, accusing it of engineering a "backdoor" bailout for Wall Street banks exposed to AIG.
But the 2nd U.S. Circuit Court of Appeals in January said the New York Fed had authority to act in "unusual and exigent circumstances," including "to rescue AIG from bankruptcy at the height of the direst financial crisis in modern times."
AIG finished repaying the bailout in December 2012, leaving taxpayers with a nearly $23 billion profit.
Greenberg, 89, led AIG for nearly four decades before his 2005 ouster.
The Court of Federal Claims sits in Washington, D.C., and handles lawsuits seeking money from the government.
The case is Starr International Co v. U.S., U.S. Court of Federal Claims, No. 11-00779.
(Reporting by Jonathan Stempel in New York; Additional reporting by Aruna Viswanatha in Washington, D.C.; Editing by Leslie Adler)
http://finance.yahoo.com/news/u-loses-bid-dis...43442.html
Don't want to bust your bubble but I don't think you'll test even 4.10 today. Better cashout while you can because tomorrow it'll be back around 3.87 EOD. jmo
Uh oh LOL
I wish you luck! I've flipped f&f so many times and sitting about the same on profit from them as I would have if I would have kept them long term. IMO
Ahh...there were 2 new bans yesterday.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
and Super-lawyer David Boies is working both AIG and Fannie
third amendment
and the judge would not dismiss a mega suit against the GOV for actions that MOST would think were protected by the raging fire and national security or emergency powers
stealing after the fact would seem like shooting non moving target
the NYSE possible listing is great news
IMO the AIG story is 10x as important
Takings argument not dismissed
NOW - it is not a decided case but the GOV could not toss out
AND
AND
AND
IMO - what makes it oh so wonderful glorious immense is (AFAICT) is that the ACTION being challenged by Starr/Steinberg was all or mostly an action that occurred DURING THE FIRE !!
While some lawsuits challenge day one of F and F - two or three big ones with top gun attys are laser focused on the LATER action of the change from 10% to all profit
Well if the national emergency - per one judge - is not enough grounds for the GOV action during the fire
What does that suggest for the POST FIRE no emergency - nothing on fire - defense of the shift to all profit AFTER the FACT
wowo
Not only would we be well on our way to a release, but Big money buys in also. $10+ easy
Go FNMA Go $$$$>>>>>>>>>>>>
GLTA
Regal Point building a position on Fannie Mae
While Marolia first heard about the NQ Mobile Inc (NYSE:NQ) short by reading Muddy Waters report like the rest of us, he was convinced to take a position in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) after having a conversation with Bruce Berkowitz of Fairholme Capital. Late last year Berkowitz gave a talk at Rollins College, where Marolia earned his MBA and serves on the alumni board, and the two got to discussing Fannie Mae at a meet and greet afterwards.
He initiated the position with preferred shares, but as his conviction grew he started building a position in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) common stock, making it a top three position for Regal Point if you include both common and preferred, and he has no intention of backing down.
“As part of regular portfolio management we’ll trade around a position. We will have multiple shares, or options in NQ Mobile’s case, and we will take some profits here, add back to the position,” says Marolia. “With Fannie Mae, we are building a position. I am not doing a lot of trading around that, I am not planning on taking my profits anytime soon.”
Marolia doesn’t think that a political solution to the Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) impasse is realistic. He compares it to the tax code, which everyone agrees needs to be fixed, but with so many conflicting views the odds of anyone finding a workable compromise are practically zero.
“It all comes down to that third amendment, the legal sweep… and it seems that the law is on our side. That third amendment qualifies as self-dealing,” says Marolia. And if he gets the ruling that he expects, Marolia expects that Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) common stock could easily jump fourfold over their current low prices.
$$$$$FNMA$$$$$
If the AIG case is over in 6 weeks, this could be used as precedent for Fannie Mae.
OMG Risky!!! Your kidding me!
If you are happy, me too. 575k shares locked.
The SARS has flipped today so we have some momentum going forward. Let's see how far up this move carries us. All the best.
This one is the news. IMO
so just think about it "folks" ... lol
when you hear the words " injunction from SWEEP " ... I mean STEAL !
GINORMOUS SUPERNOVA !
Wow what a day...4.04 is the 50 dma so if we close at or above it confirm starting uptrend Jayman, Zarg, Darrell, and many more, my buddies?
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a Sept. 29 trial.
Judge Thomas Wheeler of the U.S. Court of Federal Claims said the case brought by Greenberg's Starr International Co on behalf of itself and other AIG shareholders involves "complex financial and economic issues" that deserve analysis and testimony from qualified expert witnesses.
"The complexity of the submissions and the factual disagreements strongly point to the need for a trial," Wheeler wrote in an order dated Monday.
A trial is expected to last six weeks.
A U.S. Department of Justice spokeswoman declined to comment.
"The decision speaks for itself," David Boies, a lawyer for Starr and Greenberg, said in a statement.
Starr had been AIG's largest shareholder, with a 12 percent stake, before the government rescued the New York-based insurer on Sept. 16, 2008, from skyrocketing losses.
The government took an initial 79.9 percent stake in AIG and conducted a reverse stock split, diluting existing shareholders.
Starr sued in 2011, contending that the $182.3 billion bailout was an illegal taking that violated its due process rights under the Fifth Amendment of the U.S. Constitution.
Greenberg's company had separately sued the Federal Reserve Bank of New York over its role, accusing it of engineering a "backdoor" bailout for Wall Street banks exposed to AIG.
But the 2nd U.S. Circuit Court of Appeals in January said the New York Fed had authority to act in "unusual and exigent circumstances," including "to rescue AIG from bankruptcy at the height of the direst financial crisis in modern times."
AIG finished repaying the bailout in December 2012, leaving taxpayers with a nearly $23 billion profit.
Greenberg, 89, led AIG for nearly four decades before his 2005 ouster.
The Court of Federal Claims sits in Washington, D.C., and handles lawsuits seeking money from the government.
The case is Starr International Co v. U.S., U.S. Court of Federal Claims, No. 11-00779.
(Reporting by Jonathan Stempel in New York; Additional reporting by Aruna Viswanatha in Washington, D.C.; Editing by Leslie Adler)
http://finance.yahoo.com/news/u-loses-bid-dis...43442.html
Don't want to bust your bubble but I don't think you'll test even 4.10 today. Better cashout while you can because tomorrow it'll be back around 3.87 EOD. jmo
Uh oh LOL
