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birdyhoof

birdyhoof
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  • It's Independence Day For Fannie And Freddie [View article]
    Just had a face to face conversation with Ken Cuchinelli (he was introducing Rand Paul) in No VA. The Republican Party line is definitely on the side that FnF are squarely to blame for the housing crisis and that they will be wound down, being replaced 100% with private capital.

    I hope he just hasn't gotten the memo yet that turning the entire mortgage market to the banks would be a huge blow to the US economy. IMHO the numbers say we need that first time home buyer continually entering the housing market to keep the housing market humming along.

    The tea party has got this all wrong, again IMHO.

    Even if courts rule "right" in the lawsuits, can't congress strike it all down with the stroke of a pen?
    Jul 24 08:23 AM | Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    Thanks to your nod for housingwire. Am curious to see what Hensarling is proposing. Since following Fannie and Freddie, and the housing market in general, I'm convinced Washington is going to mess this up. Republicans and democrats, alike. I'm glad Dimon publicly declared he's thinking of getting out of FHA loans. Govt regs and restrictions are gonna kill housing dreams for those that need it most. Lower middle classes, without homes already, watch out. That in and of itself is a HUGE blow to the US economy as we know it.
    Jul 21 10:45 AM | Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    For transparency sake, which congressman?
    Jul 13 10:15 AM | 2 Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    xNotreDamex, your points are well taken.

    I'm actually afraid if the public and the press catch on to this. I'm afraid the ensuing finger pointing, all to score political points will be the death of FnF.
    Jul 9 04:09 PM | Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    Hmmmm. I do think they will "touch" the sweep. I do think they'll rule on conservatorship issues.

    Your examples? Someone HAD to rule in the Gore v Bush. Campaign finance? Not even close to being as complicated as FnF.

    If FnF get mishandled and used for short term political expediency, as they are now filling the coffers of Treasury, the housing market as we know it will slowly disappear.

    It's already happening. Up until the year 2004, a person making $60,000 could go to DC and buy a little piece of real estate in a nice neighborhood. Now? Forget it. Wait til interest rates rise. Lose access to the 30 year fixed mortgage? Home ownership plummets further.

    Who's going to buy baby boomer homes when those assets are needed, either after death or to fund retirement plans?

    The leaders know this is coming. Judiciary can't handle this alone.
    Jul 9 11:43 AM | Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    Kamil, I agree that DC is not going to be comfortable letting the judicial branch decide this one alone. However, thank goodness we have three branches of government, otherwise who knows what. The heat of checks and balances makes cooler heads prevail. (Even master politicians Obama and Reid). I don't think it's an exaggeration to say they are our Crown Jewels for the overall health of the US economy. I do believe anyone watching this is witnessing how our Founding Fathers hoped important intricate national matters could be resolved, even almost 250 years later.
    Jul 6 08:10 PM | 1 Like Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    I think the companies' business model worked really well for decades since WWII. Where else can you get a 30 year fixed mortgage on a detached home? Where? Ackman's presentation was brilliant explaining this, and should be required reading for everyone in DC. The politicians need to get this one right. Let's not create a new govt entity mess because of the failures that resulted in the financial crisis of 2008 (dept.. of Homeland Security, anyone?). Let's tweek what we have. The sweep was illegal...let's hope.
    Jul 6 12:17 PM | 2 Likes Like |Link to Comment
  • It's Independence Day For Fannie And Freddie [View article]
    Glen, according to your article, Harry Reid is the power broker behind this move to "privatize" Fannie and Freddie? Even being responsible for installing Mel Watt? Can you expand on this important thesis?
    Jul 6 11:23 AM | Likes Like |Link to Comment
  • Fannie Mae Has Adequate Capital To Be Released From Conservatorship [View article]
    Great conference call.
    Jun 26 03:00 PM | Likes Like |Link to Comment
  • Fannie Mae Has Adequate Capital To Be Released From Conservatorship [View article]
    David, in light of Judge Sweeneys extension on protective order decision, what do you suspect? Someone on yahoo board wondered if while commons were selling off, preferreds were rising meant the smart money is privy to negotiations that will end up rewarding preferreds over commons. Any thoughts? Thanks.
    Jun 25 05:06 AM | Likes Like |Link to Comment
  • Fannie Mae Has Adequate Capital To Be Released From Conservatorship [View article]
    investorsunite.org if you want to follow what is going on in Washington concerning these GSEs
    Jun 13 01:50 PM | 6 Likes Like |Link to Comment
  • Carl Icahn Joins The Fannie Mae Common Stock Gang, Should You? [View article]
    Important election coming though. Control of senate. This is surely being taken into account. I think Administration would deal, but they're afraid of possible political fallout. Open letter from Bove should give Administration a starting point of how to spin this, perhaps?
    Jun 10 08:08 AM | Likes Like |Link to Comment
  • Carl Icahn Joins The Fannie Mae Common Stock Gang, Should You? [View article]
    Expanding the role of Fannie and Freddie is also a bow to economic realities, isn't it? The housing recovery is faltering because the younger demographic can't or won't participate. The Fed can not do this alone. The more pressure the Fed puts on the Administration to face this reality, the better the chance that all parties involved will realize we need both public and private cooperation to make housing buzz along as it has since post WWII, up until the "financial crisis".
    Jun 5 08:57 AM | Likes Like |Link to Comment
  • Supreme Court justice blocks last-ditch try to stop AMR-US deal [View news story]
    milehirico. I too am proud to be a part of the world's largest airline. While AFA is huge and has tons of experience with airline BKs, the proof is in the pudding. APFA FAs have lived under better conditions during the hard years after Sep 11th than many other airlines, except Southwest FAs, of course. Maybe once AAL starts to turn a consistent profit as LUV does, we too will reap gains. APFA got us an equity stake upon exit from BK. What has AFA gotten you? Many other factors and circumstances led to our windfall, but I am going to stick with a proven winner. APFA. I'm sorry AFA might lose 8000 members, but in this case, I prefer to be represented at a more "local" level. I'm looking forward to getting this merger integrated ASAP, so we can start flying more passengers to more destinations, creating the most friendly efficient carrier in the sky.
    Dec 8 11:57 AM | 2 Likes Like |Link to Comment
  • "The Street went from thinking Tim Cook has to provide some revolutionary product to now thinking he won’t even do the obvious things. I think it’s logical they will," asserts Walter Piecyk on CNBC (video), defending his upgrade of Apple (AAPL +1.1%). One of those "obvious" things is a cheaper iPhone, which Piecyk expects will add $11B to FY14 revenue while lowering Apple's gross margin by 200 bps. He sees total FY14 iPhone revenue growth of 15%, with units growing over 30% to 190M (152M high-end iPhones + 38M cheaper ones) and ASP falling below $550 from FQ1's $641. [View news story]
    Forget the cheaper iPhone, that will come just as iPod became cheaper. I say give all you current devices mobile and cell phone capability. I myself would like my mini to place calls, it has a designated number after all, and I would like my macbook air to be mobile. should be easy enough. Some would like to make calls from iPad. Each person should be able to have whatever device they want with whatever capabilities they want.
    Mar 14 03:38 PM | 1 Like Like |Link to Comment
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