Human Mind

tendency to buy when going up, tendency to sell when going up is very human.

lali.asia.finance
Location: United States

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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, ...
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Why I Bought Shares of Fannie Mae and Freddie Mac

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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 ...
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NO LENDERS to replace Fannie, Freddie

WASHINGTON (Reuters) - The regulator of government-controlled mortgage finance firms Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) said on Sunday he would not oppose them having a smaller presence in the market but private capital had to be ready to take over first. Watt said last week, in his first public speech since taking office, that he did not want to shrink Fannie and Freddie's footprint, marking a sharp departure from his predecessor.Federal Housing Finance Agency Director Mel Watt said the two companies, which own or guarantee about 60 percent of all U.S. home loans, needed to remain in the housing finance market to make sure it was liquid and resilient. "It's not that I'm opposed to it and we will certainly allow it to happen," he told C-SPAN's "Newsmakers" program, when asked about the prospect of shrinking the lenders' activities. "But if the private sector is not ready to step into the space, and you shrink what Fannie and...
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