@THEMUGG
#174
Exactly.
Either 47 was privy to info others don't have warranting a timely strike or he's just a reckless maniac out for war. "My side" sees him as the former.
To thirds point doesn't matter if obliterated or set back. Should the attempt to Build Back Better, it'll just get hit again.
@wallstreetcappers
You don't read too well, where did I say Obama was responsible for the housing crisis ? What Obama did was change the terms of the conservatorship by creating the Net Worth Sweep which is major Fuckery ! This is illegal, as a conservator you don't sweep profits into the general treasury ! The company belongs to Shareholders !
I'm going to take it a step further hopefully you will get it this time.
A conservatorship is a legal arrangement where a court appoints someone (a conservator) to manage the personal affairs and/or financial assets of an individual (the conservatee) who is deemed unable to do so themselves due to incapacity or age. This incapacity can stem from mental illness, dementia, or physical disability.
A conservator is a person appointed by a court to manage the financial affairs and/or the personal care of another adult who is deemed unable to do so themselves. This is typically due to mental incompetence or physical disability. The conservator acts as a fiduciary, meaning they must act in the best interests of the Conservatee.
Do you call what Obama did was acting in the best interests of Fannie Mae and its shareholders sweeping their capital ? This is socialism pal !
Referencing who benefits, yeah, I'm one of them who invested in this company along with millions of others. The stock was on the market for purchase, what's wrong with that?
Based off your logic lets put all the Gosh Damn Banks in Conservatorship, the Govt backstops them too. Same exact benefits to the Govt !
Google Rolling Stone, Why is Obama hiding 11,000 documents, nice read !
Whats there to hide ? ( see above )
Fannie Mae has passed all stress tests actually scored higher than every Bank ! As I said this was not a loan it was a stick up! Fannie Mae today has paid back 303 billion back on a 189 billion dollar loan. Its like paying off a car but the Lender doesn't release the title.
I would love to hear the explanation why JeromePowell cut rates 50 points right before the election but can't do it now with inflation lower?
Are you aware the shareholders won a 8-0 jury verdict ? Hopefully this history lesson helps !
In a significant legal victory, Fannie Mae and Freddie Mac shareholders secured an 8-0 jury verdict against the FHFA. The jury found that the FHFA acted improperly in directing the companies' profits to the U.S. Treasury, rather than allowing for dividend payments to shareholders. This decision resulted in a $612.4 million damage award to the shareholders, WE HAVE YET TO RECEIVE THIS AWARD, 8-0 LMAO UNANIMOUS ! Govt is appealing it, Haha !
I'm looking forward to your response on when you think this never ending temporary conservatorship should end? This is a public company and still is !
@DeezyAZ81
At a NATO summit, the alliance's leader, Mark Rutte, stated that the U.S. strikes on Iran were "important for the whole world". Rutte emphasized the U.S.'s role as a global leader and its responsibility to take action when necessary to secure peace, particularly regarding Iran's nuclear program. He also highlighted that these strikes were a decisive action to prevent Iran from acquiring nuclear weapons.
You're not wrong. The timing of it just happened to coincide with a hostage release. The bad deal was in the 70s. What reason did Obama have to be the one to make it right? With interest, no less.
@HayHay2
Oh trust me I know more about Fannie and Freddie than you and that is not meant as an insult rather my experience is much more extensive than people know and that is on purpose. I was in the finance industry during and after the decision and I support it 100%. I did not agree with both being put on the market in the first place, why would a government based entity be placed to trade on the stock exchange? Seems pretty stupid if you ask me but that aside as it happened in the 60s the reason why these entities were taken down is because of the systemic risk the posed to the greater economy and mortgage market and that was due to the leverage the PUBLIC company decided to take on and the lack of internal controls that created the mess. I am not interested in who was the CEO and what political party someone belonged to or if Obama was responsible for sucking the profits from FNM because I agree with that decision.
The taxpayers and government took the risk by stepping into the abyss at the time and bringing them out from likely ruin and most definitely creating an exponential risk to the government if they did go under. Who would have been on the hook for the mess that Fannie and Freddie created if they went under completely? The insurance companies that allegedly backstopped their financial obligations? LOL no...those companies file BK within seconds and are off the hook, the government would have absorbed that tsunami and the disaster it would have created is a large multiple greater than the cost of bringing them back to the government.
Because of those risks and the leverage and the screw ups internally, I think the government should forever be the beneficiary of the cash flows from origination, they should never be back on the public markets ever again, the risk is too high and their part in the mortgage market was too great to ever allow it again.
It is funny that some on one political side of the ship are so anti-government and want the private sector to step into the mortgage chasm and we had that very discussion here long long back...several GOP posters felt and you should as well that Fannie and Freddie do not serve a purpose when the private sector can be originators and packagers and their purpose is not required.
I have loosely followed the hedge fund cry fest over the years those people who thought like you that buying Fannie and Freddie on the pinks would be a gold mine and there have been gallons of tears when their payday has not been realized and I think it should never happen. I'd delist the companies from the pinks and stop the stocks from trading all together, but part of me knows that hedgies and PE firms will eventually pay their way to forcing those gluttonous companies back to the public markets even though I think it should never happen. My only hope is that the US government holds onto 95% of the equity of any return that those gamblers and folks like you who thought there would be a windfall will have to wait it out and have the return on your bet only happen if the companies do well after being launched, that you are only granted warrants at a higher strike than the IPO price and that you cannot ex them for a 3-5 year period of time.
If you TRULY are concerned about the benefit to the consumer and economy having Fannie back then you would happily accept warrants at those terms and win if THEY win long term.
I had the same thing happen with a stock I bought in the same type of scenario, I bought Tidewater during the oil collapse along with many other oil stocks, well Tidewater went under and my shares were diluted when they returned at a multiple of I think 1 for 15 reverse AND I got warrants at high strike prices and I held those warrants it took a long while but eventually Tidewater improved and I did OK on the trade. I risked and gambled and that is how it goes. The same is true for you and all the hedgies on that trade.
This thread has gone way off topic. Sooooooo
Has anyone seen a report of the media attacking the pilots who participated in the bombing of Iran? Has anyone insuated anything of this nature?
Of course not!
What people are questioning is the "obliteration" comments made by Yabba Dabba Doofus & his hacks in the DOD.
This was Feeble Fattyshack on the attack..."The intelligence was very inconclusive. The intelligence says we don't know. It could have been very severe. That's what the intelligence says. So I GUESS that's correct. But I think we can take the the we don't know. It was very severe. It was obliteration." WTF???
How can the intelligence be inconclusive & conclusive at the same time? Wouldn't it be better to say it's too early to confirm the success of the strikes until they have proveable intelligence? Instead, they are on another search to find a leak while ginning up bullshit about the media saying the pilots failed. The media is questioning the success of the attack not the performance of the pilots involved.
The Lyin King wants the public to believe the operation was a success & most Americans hope it was. However, he & the administration lie consistently, so they haven't earned the benefit of doubt.
@wallstreetcappers
Good conversation, FNMA has performed very well for me. My 72K original Investment is worth 918K today. I also watched it dip down to 19K, Ive been holding this for about 9 years now. What I like about this is not only Bill Ackman have over 1.5 million shares who also bought 9 years ago. But Trumps personal financial advisor John Paulson also is heavily invested, he was actually Trumps first pick for Treasury Secretary but declined the position. Trump also owned this stock but had to sell it before his first term. He actually sent Rand Paul a letter telling him these iconic companies need to be released from conservatorship but ran out of time during his first term expecting to win in 20. In 08 these companies were trading at $88 a share with 5.5 trillion in assets, today they have 7.7 trillion in assets and account for 70% of MTG's in the U.S.
Pulte is very aggressive on X and stated if not for being a Govt employee he wishes he could invest in these companies. He goes on to say the companies have never been in better shape. It's not if they will be up listed or taken out of conservatorship it's when. I'm out at $20 but feel $30-40 is obtainable. Another thing I've noticed for the first time in the last 10 years there is insider activity. Their CFO bought 186K at $6.84.
Pulte met with the SEC about a week ago, they meet all the criteria to be put on the big boards.
Be good Wallstreet.
Wednesday, the Iranian Parliament voted to suspend IAEA cooperation with only one abstention among the 223 lawmakers and none voting against it. Thursday saw the bill's approval by the country's powerful Guardian Council, which includes theologians selected by the supreme leader.
"Iran’s peaceful nuclear program will continue with greater speed," Speaker Mohammad Bagher Qalibaf said later. While Iranian Foreign Ministry spokesman Esmail Baghaei said the bill “is a clear response to the illegal attacks against our country."
It would mean IAEA inspectors “will not be allowed entry into the country unless the security of nuclear sites and the peaceful nature of Iran’s nuclear activities are guaranteed,” he said. And any inspections would also be “subject to approval by the Supreme National Security Council,” he added.
@SarasotaSlim
I guess since the thread topic is a fabrication and exaggeration there have been many tangents which spawned from a flawed opening topic.
ps you are very capable of reading the flow if you were serious about the question, so feel free to find how the Fannie topic started.
-----All this scuttlebutt from the right about Iran having nuke capabilities (unconfirmed)-----
Iran has been producing uranium enriched to 60% purity — a level for which nonproliferation experts already say Tehran has no civilian use.
The IAEA report described inspectors discovering on Jan. 21 that two cascades of IR-6 centrifuges at Iran’s Fordo facility had been configured in a way “substantially different” to what had been previously declared. The IAEA took samples the following day, which showed particles up to 83.7% purity, the report said.
-------Did Iran send some long range shots at our soil or directly at a location which is owned by the US?-------
Has Iran threatened the US in the past, Yes. Why would someone be so nieve to believe they would attack us with a convential weapon? Maybe a ship in New York harbor with flag of another nation or a Chinese cargo ship on the coast of California. The fallout there would cover the country. Passanger jet? All kinds of ways to do so and then say "It wasn't us!"
Centrifuges three feet under solid rock. Uranium enriched more then 12 times that needed for "peaceful nuclear". Yes, good question why no president or UN has intervened??
That is what you guys have never understood with the Middle East - you don’t make enemies with religious people or fight their wars - you let them deal with their problems themselves (only doing damage control) no amount of weapon and bombing can scare people that wouldn’t want anything more than dying as a martyr - atleast 20 % of their population would probably smuggle in a nuclear bomb up their ass - just to hurt a few of you guys before going down - if it came to that
@UNIMAN
You did not answer the questions which would validate the reason for a bombing THIS MONTH.
Does Iran have the ability with the weapons they have to strike US soil and US citizens? Yes or no? That is the measure for a bombing and a killing of a leader to me. They have not, they do not and even if they tried it would not work but they would not try and never have said they seriously would.
Where are the weapons? Maybe Trump can do some photoshop work like Bush did to validate his false war mongering but knowing Trump he is too lazy to do something comprehensive like that even if it made his false bombing valid.
Feel free to address the other parts too like why are we in NATO and the UN and yet do not engage and involve them in matters that are DIRECTLY in their living regions? This should have been run by the UN not the US.
I'd have preferred a covert act that could be passed off by the CIA as lies and that Pakistan did it, something outside this Enola Gay look at me I am big boy Trump nonsense.
It's not about weapons, it is the ability to go into nuclear bomb production. Nice deflection. Why this month? Trump gave them every opportunity to negotiate, they refused. Israel had enough spies to know Iran was getting close. Probably why they refused. After the 60 days Israel took the initiative no one else would do. Everything nuclear was set back except the deeply buried centrifuges. Iran air defenses nullified. Trump had to finish it because we were the only ones with the ability. And now I read Iran is executing spies left and right by the dozens.
And I'll make an assumption. Trump told Iran to get their uranium out of there or else there would be an evironmental disaster, and they did and the US verified before striking. That defense contractor pic of trucks lined up? Purposely released. Chernobyl had 250lbs of enriched Uranium, my guess is 5-10% grade. Only 5% of that leaked out and the disaster was huge. Iran has estimated 800lbs of 60% enriched. Where is the radiation? The disaster? And then Iran tells the US they are firing token missles at an US air base. We are not told everything it seems. I think Iran knew we were coming because we told them ahead of time, verified the uranium was out, and then they told us in return of their retaliation.
@UNIMAN
You are making connections which do not validate the attack Trump did, there are many ways to walk them down and in many respects the approach Obama and Biden had were much less combative and much less risk than this big boy Trump crap. IF they have capabilities to enrich that does not mean weapons because the entire reason for the less war like approach is that Iran could still use their facilities for power purposes with the understanding it is nothing more then with the buy in from ALL of the UN and ALL of the NATO group, ALL of these groups form a testing collaboration where Iran agrees to regular check-ins and of course we have our normal spy games going on all the time and pay for inside info blah blah blah as we always do so this approach is far superior to bowing to Israel and doing their bidding.
To surmise you cannot try and deflect away from what this stupid crap was, Israel is on a regional rampage and we have allowed it and we should NOT allow it but Israel has financial and personal influence on the decisions the US makes and that is why none of the other countries jumped in to assist this obvious blatant abuse of their rights to start regional war against their enemies. Israel yanked Trump into this and if they were not making these regional war efforts there would be NO event from Trump. This is why Trump did ZERO in his first term, there is no reason for the US to attack Iran, he bragged about how peaceful it was and that has much to do with that war monger jerk Benny being benched during Trump's first go. Now the war monger is charging and Trump is forced to create lies as a narrative and do what he decided to do. This was 100% Israel, no other reasons exist.
If the US were seriously stamping out nuclear threats, Iran is the dusty penny on the ground and there are many more serious and threatening enemies out there, Iran is a zero just like Iraq was a threat for Bush...both are orchestrated nonsense.
You're so wrong here. Nobody powers nuclear plants with 60% plus uranium.
Do you block out information that doesn't fit a preconceived notion????
2023; producing uranium enriched to 60% purity — a level for which nonproliferation experts already say Tehran has no civilian use. The IAEA report described inspectors discovering on Jan. 21 that two cascades of IR-6 centrifuges at Iran’s Fordo facility had been configured in a way “substantially different” to what had been previously declared.
Iran has been producing uranium enriched to 60% purity — a level for which nonproliferation experts already say Tehran has no civilian use.
The IAEA report described inspectors discovering on Jan. 21 that two cascades of IR-6 centrifuges at Iran’s Fordo facility had been configured in a way “substantially different” to what had been previously declared. The IAEA took samples the following day, which showed particles up to 83.7% purity, the report said.
Flexing or the willingness to strike secondary goal.
https://www.armscontrol.org/act/2024-03/news/iaea-warns-iran-about-lack-transparency
IAEA Director-General Rafael Mariano Grossi said on Feb. 13 that Iran is “not entirely transparent” regarding its nuclear activities, which “increases dangers,” particularly given the “accumulation of complexities” in the Middle East.
In addition to seeking answers about undeclared uranium activities at two sites from the pre-2003 period, when Iran had a nuclear weapons program, Iran is not providing the IAEA with design information about new nuclear facilities, as required by its safeguards agreement, or following through on a voluntary commitment in March 2023 to enhance agency monitoring at sites that support the country’s nuclear program but do not hold fissile materials.
Grossi, speaking at the World Governor’s Summit in Dubai, also referenced an uptick in “loose talk about nuclear weapons” in Iran and said a “very high official said…we have everything” to make a nuclear weapon.
Israel launched an unprecedented strike on Iran’s military and nuclear sites on June 13, a day after the International Atomic Energy Agency (IAEA) board passed a resolution saying Tehran was not complying with its commitment to nuclear safeguards.
The IAEA cannot fully assess Iran’s nuclear energy programmes, as Tehran halted its implementation of the Additional Protocol in February 2021, which permitted the IAEA enhanced inspection rights – including snap inspections and continuous surveillance. February 2021, huh! Right after Biden took office.
And if you want a missle to deliver that nuke; Dec, 2021; https://www.gov.uk/government/news/uk-condemns-irans-use-of-ballistic-missiles-fcdo-statement
We condemn Iran’s use of ballistic missiles in a test launch confirmed to have been conducted today. The launch is a clear breach of UN Security Council Resolution 2231, which requires that Iran not undertake any activity related to ballistic missiles designed to be capable of delivering nuclear weapons – including launches using ballistic missile technology.
"These actions are a threat to regional and international security and we call on Iran to immediately cease its activities."
One more assumption; Why did Iran move their uranium as I believe Trump instructed them to do? Because it was either the US destroys the centrifuges and then gets Israel to end it's offensive hell bent on regime change or the US does not bomb the centrifuges and does not interfer with Israel's offensive that already found and killed many top military leaders and let's them persue a regime change in Iran.
Trump doesn't want a destablized Iran, we've seen this shit before. And I think Iran took the Trump offer over Israel's intent.
@UNIMAN
These articles you post do not meet the test of a bombing because if so why did Trump bomb there and not go after MUCH LARGER targets?
Quit covering for him, just stop this partisan garbage and just admit this was 100% for Israel period. Why go after some chump when there are serious dangerous players holding knives right in front of your face?
Why are we not going after India or Pakistan or some of the soviet provinces? Why Iran? Why not much more reckless and ambitious targets? This is idiocy as much as Iraq was...just stupid logic to cover up for a partisan decision.
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