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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TAKEAWAYS  ON FANNIE,  FREDDIE EARNINGS Mortgage giants Fannie Mae and Freddie Mac are sending $10.2 billion to the U.S. Treasury after reporting combined first-quarter profits of $9.3 billion. But Thursday’s earnings reports hinted at a possible cooling off in the profits of both companies, which have benefited from large one-time gains over the past several quarters. They also suggested a modestly softer housing demand. Here are five takeaways: 8 MAY 2014 6:17PM BY   NICK TIMIRAOS   CONNECT 1 BIG ONE TIME GAINS Share on Twitter Fannie reported pre-tax income of $7.9 billion, of which $4.1 billion came in legal settlements that aren’t likely to be repeated. Freddie reported pre-tax income of $5.8 billion, with $4.9 billion in legal settlements. In recent quarters, the companies have also benefited from a big rebound in home prices. The rebound has allowed them to release reserves as expected losses failed to materialize and to re...
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he has other vested interest he is conected so he is diffrent

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if  fanny is reformed as per government wishes he stand to gain by his wells fargo -so he goes.....Hew had the first call on many such crisis like Goldmans  preferred etc  he is not only connected via his moodys he get first all opportunity unlike us  1 Billionaire Weighs in Again on Fannie Mae and Freddie Mac By  Patrick Morris  |  More Articles   May 23, 2014  |  Comments (6) Warren Buffett at  Berkshire Hathaway   has once again provided a  unique and critical  insight into what he believes is best for government-sponsored mortgage enterprises  Fannie Mae   ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     ) .  At the latest Berkshire Hathaway annual meeting, Buffett and longtime business partner Charlie Munger continued their tradition of conducting a question and answer session lasting more than six hours....
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