experts are really not experts




so they said this is the way.......
Location: Wall Street, New York, NY, USA

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Court Forces Government to Release Documents in Fannie/Freddie Suit

Great read by Horowitz Court Forces Government to Release Documents in Fannie/Freddie Suit Submitted by Carl Horowitz on Fri, 07/25/2014 - 14:50 Printer-friendlyPrinter- friendlyEmail to friendEmail to friend The burden carried by the holders of stock in mortgage giants Fannie Mae and Freddie Mac, each operating for nearly six years under federal conservatorship, just got lighter. On July 16, U.S. Court of Federal Claims Judge Margaret Sweeney, in a procedural ruling, held that shareholder-plaintiffs in Fairholme Funds Inc. et al. v. United States are entitled to know material facts that the government wants to keep secret. The shareholders are seeking compensation for foregone income resulting from the Treasury Department's "sweep" rule of August 2012, which forced the companies to forward all dividends to the department in perpetuity. Government lawyers had filed a motion for a protective order on  May 30 to inhibit discovery. The outcome of this case will hav...
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FNMA, FMCC - You Can't Go Home Again

FNMA, FMCC - You Can't Go Home Again May. 8, 2014 3:35 PM ET    |    Includes:  FMCC ,  FNMA Disclosure:  I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.  (More...) Summary Pershing Square's thesis makes sense, except, there's no there there. Property appreciation will increasingly be linked to on site clean energy generating capacity. Predatory "green finance" practices fleece property appreciation from mortgage holders. Fannie MAE ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) (I call them F&F) make a fascinating story and studying the recent  Pershing Square presentation  is well worth the effort. A few years ago, when F&F were at the height of their sub-prime malfeasance, an opportunity came along that they promptly dismissed at their own peril, and it is now coming back to haunt them. One of the consequences is that they cannot s...
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they shouldn't have let the FNMA stock trade on the open market after taking control of the companies.

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