doughishere

How the Fannie and Freddie Conservatorship Has Undermined the Resolution Process By William Isaac and Senator Bob Kerrey | April 2015 http://static1.squarespace.com/static/53df1c98e4b0fedfbc2847dd/t/551c324de4b0e07d77de7216/1427911245022/William+Isaac+and+Senator+Bob+Kerrey+-+April+2015.pdf

Thanks for the update merkhet. Do you actually go to court for the updates? Fool Article: A Step in the Right Direction for Fannie Mae and Freddie Mac Shareholders By Matthew Frankel http://www.fool.com/investing/general/2015/04/01/a-step-in-the-right-direction-for-fannie-mae-and-f.aspx

Huffpo http://www.huffingtonpost.com/harlan-green/why-doesnt-us-government-_b_6912198.html

Npr picked up the story yesterday http://www.npr.org/2015/03/24/395119065/as-economy-rebounds-government-still-plays-role-in-mortgage-business

Dick Bove - Another Fannie Freddie bailout? No way http://www.cnbc.com/id/102527113 "To be honest, I am having a great deal of difficulty in determining what is going on. Here's why: In 2012, the government put in place a program that would wipe out Fannie Mae and Freddie Mac by depleting the capital of both companies by 2018 – i.e., taking capital down to zero. And the government is doing just that. I would like everyone to repeat this 100 times. The government is putting Fannie and Freddie out of business because it wants to do this. More specifically, the Treasury and the FHFA are executing the program, unfailingly -- not even deviating from it in the fourth quarter of 2014, when the companies recorded unrealized losses on derivatives. As a result, the equity of both companies has plummeted."

Richard Epstein - A Tale of Two Bailouts: AIG, Fannie and Freddie and Beyond http://www.forbes.com/sites/richardepstein/2014/11/26/a-tale-of-two-bailouts-aig-fannie-and-freddie-and-beyond/

back on wordpress https://th717.wordpress.com/

"Treasury rejects (again) stealth effort to reprivatize Fannie, Freddie absent broader overhaul http://t.co/kuuMWDCRER - Nick Timiraos (@NickTimiraos) So your saying there's a chance now? Feels like the winds are shifting.

February 26 Treasury, FHFA Are Ignoring the Law in Their Handling of Fannie and Freddie Conservatorships From Bloomberg Law http://www.bna.com/treasury-fhfa-ignoring-n17179923428/

"As I mentioned, the company is permitted to retain only a small capital reserve from retained earnings. In 2014, that number was $2.4 billion for each quarter. In 2015, that amount is $1.8 billion and that amount declines each year thereafter until it reaches zero in 2018. The natural consequence of this is that, because we will have an ever smaller cushion to absorb losses, the possibility of our needing to take a draw from Treasury increases over time." heh......return the money back to f&f and they wont need tax payer support.

http://investorsunite.org/wp-content/uploads/2015/01/Krimminger-Calabria-HERA-White-Paper-Jan-29.pdf Mark Calabria, a former top aide at the Senate Banking Committee, and Michael Krimminger, former general counsel to the FDIC, were both instrumental in the creation of HERA and authored a very smart white paper. “They understood Congress didn’t have to start from scratch when writing HERA. Lawmakers looked at bank conservatorships and receiverships under the Federal Deposit Insurance Act (FDIA) and made a conscious decision to replicate the provisions aimed at protecting stakeholders. Congress embraced the long-held understanding of conservatorships should be relatively short-term proceedings with the interests of stakeholders in mind. “‘Foremost in the drafters’ minds was the importance of both continuing the Companies’ operations without disruption and maintaining market confidence in the fair treatment of the Companies’ stakeholders by the government,’ they wrote.”

Carney http://www.wsj.com/articles/the-real-state-of-fannie-maes-potential-heard-on-the-street-1424461388?mod=yahoo_hs

Cato Institute....founded by the Charles Koch. http://www.cato.org/publications/working-paper/conservatorships-fannie-mae-freddie-mac-actions-violate-hera-established

Economist is now picking up the turn around. http://www.economist.com/news/business-and-finance/21644525-americas-mortgage-insurance-giants-are-now-making-bigger-profits-financial-crisis

This has come out...anyone know where to find the conference call? Dow Jones Newswires - Feb 20, 2015 11:00:00 AM (EST) 11:00 EST - Fannie Mae (FNMA) CEO Timothy J. Mayopoulos says during the 4Q conference financier's dwindling capital reserves, which are being wound down under a government agreement, may increase the chances of a need for another taxpayer infusion. By 2018, FNMA will have no capital reserves, meaning any loss could trigger a bailout. That might increase pressure on policy makers to revise the bailout to allow FNMA and counterpart Freddie Mac (FMCC) to retain some sort of buffer. (joe.light@wsj.com; @joelight)

My 2 cents on Nick Timiraos WSJ Twitter comment “Columnist who wrote book blaming financial crisis on GSE greed doesn’t like how U.S. is treating their shareholders http://nyti.ms/19i6X8y ” Grechen writes for the NYT Column titled "Fair Game".......at least shes consistently fair.

Did this get posted? Sorry if its a repost. The Untouchable Profits of Fannie Mae and Freddie Mac By GRETCHEN MORGENSON http://www.nytimes.com/2014/02/16/business/the-untouchable-profits-of-fannie-mae-and-freddie-mac.html The memo someone save on dockstock: http://graphics8.nytimes.com/packages/pdf/business/Tab25.pdf

The more this gets headlines...the more people jump in the trade....the more exposure for all to see http://video.foxbusiness.com/v/4060009384001/gasparino-money-managers-predicting-greenberg-victory/?playlist_id=933116651001#sp=show-clips

FHFA - The Little Regulator That Could (but Hasn't) Published by joshrosner http://www.scribd.com/doc/254729408/02-03-15-FHFA-The-Little-Regulator-That-Could-but-Hasn-t

Constructive....thats a very valid point. The "security" that the government has materially changed from %10 to %17.....an increase of 70%.

Thanks for that. I haven't been able to find the 191.2bln number in the Budget main document. I did find this in the Appendix link from here: http://www.whitehouse.gov/omb/budget If you download the Dept. of Treasury Report, they expect 23.3bln and 19.8bln in 2015 and 2016 from "Proceeds, GSE Equity Related Transactions: Enacted/requested" http://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/tre.pdf Page 368 of this document? Row titled "GSE support" Edit: The Fiscal 2016 Analytical Perspectives document. https://docs.google.com/viewer?a=v&pid=forums&srcid=MDUxNDQwNjExMTIwMzQzNjc3NDIBMDAwODY0NjkwNTU1MzQ3NzA2NjQBYTUtdDFudnM5YjBKATAuMQEBdjI Second Edit: Found it! From the above doc. page 307

http://malonigse.blogspot.com/2015/02/a-very-good-week-for-f.html Bill Maloni's GSE Blog

http://www.globest.com/news/12_1042/national/multifamily/About-that-191B-Profit-from-the-GSEs-355123-1.html "Last week when the White House released its budget for fiscal year 2016, it included one eyebrow-raising line item: it assumed that Fannie Mae and Freddie Mac could return $191.2 billion in profits to the US Treasury over the next decade if they continue operating under federal conservatorship."

I own shares if people want me to submit questions i can. I will be in china for the call so will most likey not listen to the live call.

Does anyone know who to get shares as an american?