experts are really not experts




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

Comments

Post a Comment

Popular posts from this blog

(FHFA) Announces Reversal of Plans to Wind Down Fannie Mae and Freddie Mac

sueojlee   •   May 24, 2014 4:01 PM   Flag 9 users liked this posts users disliked this posts 1 Reply (FHFA) Announces Reversal of Plans to Wind Down Fannie Mae and Freddie Mac article By: Robert M. Siegel Jeremy C. Sahn Bilzin Sumberg Baena Price & Axelrod LLP posted on: Monday, May 19, 2014 Early last week, recently-appointed director of the Federal Housing Finance Agency (FHFA) Melvin L. Watt, announced plans to keep GSEs Fannie Mae and Freddie Mac going strong. This new strategy is in stark contrast to the express goals of his predecessor Edward J. DeMarco, White House officials and other proposed legislation, such as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, that was aimed at dismantling the GSEs and shifting mortgage-lending risks back to the private sector. In his first speech as leader of the FHFA, Watt presented FHFA’s Strategic Plan for 2014, in which he stressed the Agency’s plan “to manage the present status...
Read more

The US housing finance system works just fine

The US housing finance system works just fine From Mr Chris Lafakis. Sir, Edward Luce (“ Hedge funds are testing the quality of US democracy ” (Comment, May 12) paints the investors’ lawsuit against the US government on Fannie Mae and Freddie Mac as a righteous struggle between noble American democracy and the evil lords of Wall Street. Should we not question the authority of the US government to confiscate the profits of any company, including one that it bailed out, by fiat decree? The US government would not have dared to do this to AIG because it knows it would have lost in court. Banks, regulators and Congress were just as indispensable to the financial crisis as the government-sponsored enterprises. So why should the GSEs alone be taken to task? More I Mr Luce and virtually every commentator or politician who opines on this issue, including President Barack Obama, wants the US to unilaterally disarm one of its greatest sources of comparative advantage: cheap, ...
Read more

Why I Bought Shares of Fannie Mae and Freddie Mac

Image
Why I Bought Shares of Fannie Mae and Freddie Mac By  Alexander MacLennan  |  More Articles   May 20, 2014  |  Comments (3) This article is part of a series of articles that looks at  Fannie Mae    ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     )  from an investment perspective. To  read the full analysis,  click here . Until solid profits started to show at Fannie and Freddie, the common stock was priced for liquidation trading at around $0.30. But even as the profits started to appear, big investors like Fairholme Funds and Perry Capital purchased the preferred stock. It was only late last year that the common stock received major interest from a major investor when Bill Ackman bought nearly 10% of the outstanding shares of each GSE. The potential Trading in the $4 range, shares of Fannie and Freddie have a lot of potential upside ...
Read more