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  • Fannie Mae And Freddie Mac Are Undercapitalized [View article]
    Because the big banks own "the system" for the most part. I think Barney Frank was quoted a couple years ago saying "banks own the place" in a reference to Congress. Money begins and ends up at the banks. They just want to cannibalize FNMA/FMCC profits and have shills working hard in Congress writing bills that make no sense from a practical position.
    May 19 12:40 AM | 2 Likes Like |Link to Comment
  • Fannie Mae And Freddie Mac Are Undercapitalized [View article]
    Thanks Glen for the concise and accurate article. Everybody wins if FNMA/FMCC are released from conservatorship--govt, taxpayer, shareholders, and homeowners. It is only the fairest and most reasonable course of action. Plain and simple, just follow the law, that is, conservatorship law.
    May 19 12:35 AM | 3 Likes Like |Link to Comment
  • The Reality Of L&L Energy's Hong Xing And DaPuAn Coal Washing Facilities [View article]
    Apr 30 01:46 PM | 2 Likes Like |Link to Comment
  • Senate Staffers 'Do The Hustle' With Fannie And Freddie Shareholders [View article]
    Exactly Caludio, and that is what the PR campaigns from 60plus Association focus on.
    Apr 11 02:16 PM | 1 Like Like |Link to Comment
  • Senate Staffers 'Do The Hustle' With Fannie And Freddie Shareholders [View article]
    Maybe "Do the Shuffle" would have been more apt.
    Apr 11 12:31 PM | Likes Like |Link to Comment
  • Senate Staffers 'Do The Hustle' With Fannie And Freddie Shareholders [View article]
    You are correct in terms of heavy reliance on FED purchasing to prop up FNMA and FMCC, but so is the entire economy generally. The FED is a banking cartel and is a private corp. that lends money to govt it doesn't have in return for IOU's (Treasuries). In a perfect world the govt. could play the role of the FED; it does not have to borrow money from bank(s). So, for those of us who are trying to make a living "in the system" we have to "play the game".
    Apr 11 12:31 PM | 2 Likes Like |Link to Comment
  • Senate Staffers 'Do The Hustle' With Fannie And Freddie Shareholders [View article]
    Sooooo ironic that you have former ex-Countrywide executive writing the legislation that is essentially ignores shareholders rights and moreover, ineffective at preventing what it purports to do, that is, the Johnson/Crapo bill

    does not sufficiently protect taxpayer dollars from being devoted to another bailout. It does not advance adequate support for affordable and low-income housing for underserved communities. It sets an objectionable precedent for shareholder rights and treatment in this country. And it leaves far too many regulatory decisions up in the air (excerpt from letter from Ralph Nadar to Senators on the U.S. Senate Committee on Banking, Housing, and Urban Affairs).

    Shareholders rights will be upheld in court IMO. And for the sake of the health of the economy, one should hope that FNMA and FMCC stay intact with tighter regulations to help prevent the 2008 financial crises from happening again.

    Apr 11 12:31 PM | 3 Likes Like |Link to Comment
  • Government Profits From Continued Control Of Fannie And Freddie [View article]
    What forces are behind the push to liquidate FNMA and FMCC? From what I understand, the answer to this question is those in govt. who benefit from these "piggy banks" and WANT IT ALL. There seems to be a very simple solution to the current debate ---why doesn't the govt just sell back its shares to shareholders? They would receive tens of billions of dollars on top of what they have taken illegally; in addition, thousands of shareholders would take profits and spend the money in the economy (in which the government receives additional taxes through capital gains and other taxes).
    If the govt. continues its course or liquidating companies, Americans lose $70 billion dollars instantly according to Richard Bove, thousands of shareholders lose money that they were going to use for retirement, education, and living expenses, and the very real risk of trashing the housing economy and ancillary businesses.
    I am losing more and more confidence in Congress each day because of FNMA/FMCC issue. No wonder they have a 11% approval rating last I checked.
    Apr 4 03:09 AM | Likes Like |Link to Comment
  • GSE Shareholders Demand Respect [View article]
    Great article, the argument that pre-2008 FNMA and FMCC shareholders should have priority over post 2008 investors is perhaps a moral one. At the same time, investors who saw a possible opportunity after the crises also took on enormous risk in my opinion, because almost all the reporting on the GSE were negative in the sense of heavy doses of "wind down" and liquidation rhetoric coming from both democrats and republicans. I personally, doubted whether I would ever get my capital back from all the media coverage. However, the more I began to understand the fundamental importance of FNMA and FMCC, I suspected that politicians were blowing smoke on winding them down or more precisely liquidating them. I believe I read on a post (FNMA investor hub) that Treasury officials in an internal memo deliberately planned to take all the profits and leave shareholders nothing dating back to 2009. If true, then shareholders unwittingly were possibly throwing their money away barring a legal victory.

    I still think it is possible for shareholders to lose their case this summer (?), simply because the govt. can really write its own rules. However, it is pretty clear under the laws of conservatorship, that the main goal is to restore and return companies back to their original structure. Plus, the govt. has the same vested interest as shareholders in retaining and increasing value in Fannie and Freddie---they will, according to some estimates, receive billions of dollars selling their 80% stake in the commons.
    Feb 9 07:14 AM | Likes Like |Link to Comment
  • Growlife: Missed The Big Move? Catch The Second Big Move [View article]
    Very important information left out of article. Thanks for the post. You make a strong long case and I am with you on this. Only have 45,000 but bought in at .04 cents. Definitely long on Phot. Talented management on board, strong fundamentals relative to other MJ stocks, and extensive networks. Can't wait to here 4th quarter report! If it's true that 80% of day traders are washed up after 10 months, I would take this article with heavy grain of salt.
    Jan 8 05:20 AM | 1 Like Like |Link to Comment
  • High times are here for Colorado marijuana sellers, risk-tolerant investors [View news story]
    Yes Asplinator, Bitcoin is a possibility. I went to the Mcig website and they are accepting bitcoins.
    Jan 5 03:22 AM | 1 Like Like |Link to Comment
  • High times are here for Colorado marijuana sellers, risk-tolerant investors [View news story]
    Yes, thanks for your analysis Alan. I think I have made the right decisions in correcting my portfolio by selling my MJNA and buying TRTC and PHOT. Although it would seem Mediswipe might be a good bet because currently banks are not allowed to have transactions with dispensaries, and Mediswipe niche is providing dispensaries with secure monetary transactions. Any thoughts?
    Jan 4 01:30 AM | Likes Like |Link to Comment
  • Watt postpones proposed FHFA fee increases [View news story]
    Politicians are blowing smoke with Corker/Warner "wind down" rhetoric and the hedge/mutual funds know it. If your long on fnma or FMCC you'll likely be greatly rewarded. The only question is how long is the govt. going to keep them under conservatorship, ultimately a time-value of money question for investors.
    Dec 22 10:38 PM | Likes Like |Link to Comment