NASDAQ 3482
S&P 1639
The end of the QE3 is not about risk. They finally figured it out.
July 8 (Reuters) - The following is a list of scheduled U.S. agency billsales
from Fannie Mae (click here)and Freddie Mac for 2013. Freddie Mac said
3-month and 6-month bills will be auctioned every week. In addition, 1-month
and 12-month auctions are optional each week.
Fannie Mae said 3-month, 6-month and 1-year may be auctioned on a weekly
basis and it has the option to skip any bill auction. If it elects not to issue a
scheduled offering, it will provide notice of its decision either prior to or on
the scheduled announcement date.
Wall Street is lusting after the American Dream again.
July 8, 2013
In recent months big and powerful hedge funds (click here) have descended on Washington,lobbying for Congress to revive Fannie Mae and Freddie Mac, the government-sponsored enterprises that have been operating out of conservatorship since the financial crisis. These hedge funds had purchased preferred shares of Fannie Mae and Freddie Mac in the hopes that their value would skyrocket under a privatization scheme of the two mortgage giants. Some of these hedge funds even bought up some of the even more speculative common shares of Fannie and Freddie, penny stocks that trade on the over the counter bulletin board....
This is where it gets really interesting. Since their lobbying didn't prove to be profitable, they are suing the federal government to change legislation as the
result of the lawsuit. No monies to be exchanged, only CONTROL, power and
future exploitation of the American homeowner. They enjoyed it last time in
2008 and while lending to American small business is out of the question the want to ride the train of economic demise all over again for the same enormous returns they received last time.
Unbelievable. A lawsuit to actually take over the democratic process that has already occurred in the USA. Amazing. Are they delusional or what?
July 8, 2013
...On behalf of similarly situated investors, (click here) Olson's hedge fund
client Perry Capital LLC sued the U.S. Treasury Department on Sunday,
alleging that it harmed private investors by illegally seizing Fannie and
Freddie's profits. Perry Capital also named as a defendant the Federal
Housing Finance Agency, the agency that oversees Fannie and Freddie
pursuant to a 2008 statute known as the Housing and Economic Recovery
Act (HERA). Here's the 39-page complaint, filed on Sunday in U.S. district
court in Washington D.C
Rather than seeking damages, Perry Capital seeks to block a 2012
amendment to a 2008 agreement in which the FHFA gave the Treasury
Department one million shares of preferred stock in both Fannie and
Freddie. Perry alleges that, through the so-called "sweep amendment," the
government is taking most of Fannie and Freddie's assets as if they were in receivership, thereby shortchanging private investors that banked on seeing a
positive return now that Fannie and Freddie are returning to profitability....
S&P 1639
The end of the QE3 is not about risk. They finally figured it out.
July 8 (Reuters) - The following is a list of scheduled U.S. agency billsales
from Fannie Mae (click here)and Freddie Mac for 2013. Freddie Mac said
3-month and 6-month bills will be auctioned every week. In addition, 1-month
and 12-month auctions are optional each week.
Fannie Mae said 3-month, 6-month and 1-year may be auctioned on a weekly
basis and it has the option to skip any bill auction. If it elects not to issue a
scheduled offering, it will provide notice of its decision either prior to or on
the scheduled announcement date.
Wall Street is lusting after the American Dream again.
July 8, 2013
In recent months big and powerful hedge funds (click here) have descended on Washington,lobbying for Congress to revive Fannie Mae and Freddie Mac, the government-sponsored enterprises that have been operating out of conservatorship since the financial crisis. These hedge funds had purchased preferred shares of Fannie Mae and Freddie Mac in the hopes that their value would skyrocket under a privatization scheme of the two mortgage giants. Some of these hedge funds even bought up some of the even more speculative common shares of Fannie and Freddie, penny stocks that trade on the over the counter bulletin board....
This is where it gets really interesting. Since their lobbying didn't prove to be profitable, they are suing the federal government to change legislation as the
result of the lawsuit. No monies to be exchanged, only CONTROL, power and
future exploitation of the American homeowner. They enjoyed it last time in
2008 and while lending to American small business is out of the question the want to ride the train of economic demise all over again for the same enormous returns they received last time.
Unbelievable. A lawsuit to actually take over the democratic process that has already occurred in the USA. Amazing. Are they delusional or what?
July 8, 2013
...On behalf of similarly situated investors, (click here) Olson's hedge fund
client Perry Capital LLC sued the U.S. Treasury Department on Sunday,
alleging that it harmed private investors by illegally seizing Fannie and
Freddie's profits. Perry Capital also named as a defendant the Federal
Housing Finance Agency, the agency that oversees Fannie and Freddie
pursuant to a 2008 statute known as the Housing and Economic Recovery
Act (HERA). Here's the 39-page complaint, filed on Sunday in U.S. district
court in Washington D.C
Rather than seeking damages, Perry Capital seeks to block a 2012
amendment to a 2008 agreement in which the FHFA gave the Treasury
Department one million shares of preferred stock in both Fannie and
Freddie. Perry alleges that, through the so-called "sweep amendment," the
government is taking most of Fannie and Freddie's assets as if they were in receivership, thereby shortchanging private investors that banked on seeing a
positive return now that Fannie and Freddie are returning to profitability....
