Chris Roberts

[Chris Roberts @RobertsChris6]

@tim_rood_ @outerspace987 @Alec_Mazo @FHFA Thompson talks abt eventual exit from conservatorship, as if it will magically happen.
She needs to work with Yellen to move ahead. Always the excuse, "waiting for Congress", Yellen is silent.
Mnuchin & Calabria knew a) HERA allows them to act, b) took steps to act on their own.

[Chris Roberts @RobertsChris6]

@InvestIt3 After the enterprises exit conservatorship

Will someone please ask when this will occur? After 16 years, there has to be some end to this "time-out" imposed during the 2008 financial crisis. There is no more crisis.

@FHFA @SenateBanking @SenateGOP @SenateDems
@SenSherrodBrown

[Chris Roberts @RobertsChris6]

@InvestIt3 @SenateBanking @SenateBanking or, you could go the Canada capital gains tax increase route, which purports to raise $20B over fives years.

https://t.co/HKJECowP2y

[Chris Roberts @RobertsChris6]

@InvestIt3 @SenateBanking @SenateBanking Still profitable, even after Dodd-Frank's draconian expectations (Great Recession 2)

Under the "utility model", closely monitored and regulated GSEs perform their mission. The government's current stake is valued at over $100B

#FreeFannie #GSEUtility

[Chris Roberts @RobertsChris6]

@SteveRattner Love the graphic. Who knew?!

[Chris Roberts @RobertsChris6]

@jscottfinley @edwinbarnesc I posted this when between $60 and $70

I have never shorted a stock, and never intend to, but this was way to easy.

Hard to call a bottom, as some will support it to the end.

$10?

Maybe $20?

Should Trump lose in November, all bets are off and yep, pretty worthless.

[Chris Roberts @RobertsChris6]

@jscottfinley @edwinbarnesc Love all these folks piling into $DJT
Going to $250, etc. etc.
Could be an expensive lesson.
When it goes below $50, the conspiracy theories will start about deep-state, when the fact of the matter is the company is about like MySpace.

G

[Chris Roberts @RobertsChris6]

Voting against your own interests. Hoping folks that support Trump take a look.

LEAKED Footage of Trump Behind Closed Doors Makes ME SICK https://t.co/RHLTDNvEru via @YouTube

[Chris Roberts @RobertsChris6]

Imagine what can happen if those sales go up 3 or 4 months in a row!

Seriously, not buying what the WSJ is selling in re Fannie stock price 'surge'. They do know that the companies make $10 a share every year & shares 'were' under a $1 not too long ago.

Give us 'reporting'!

[Chris Roberts @RobertsChris6]

You can't make this stuff up! WSJ saying shares jump b/c of strong home sales?! I am quite sure they know that all income (in conservatorship) is swallowed by the remains of the NWS #FreeFannie
Fannie Mae, Freddie Mac Shares Surge After Jump in Home Sales https://t.co/EpAaUsZ7ex

[Chris Roberts @RobertsChris6]

@timpagliara Odd innit that $FMCC $FNMA making new highs every day & no selling. Seems like either a) word out or b) Trump Trade (if he wins, release from c-ship).

The odd part is that the preferred stocks are not really budging.

In case A or B, they should also move. What gives?

[Chris Roberts @RobertsChris6]

@InvestIt3 @MarkCalabria @FHFA Yes, HERA is the law. FHFA (with lender @USTreasury of course, which calls this shot) can release. But, @MarkCalabria @stevenmnuchin1 and now Yellen/Thompson keep saying, "Congress needs to act".
We do know the plan sleeps on the shelf regarding recap-was ready in 2019!

[Chris Roberts @RobertsChris6]

@IndependentFHFA @joelight @robjunier JB "C'mon Man, 16 years in conservatorship is enough"
"Ending Conservatorship will lock in the changes made by FHFA" -maybe a little twist, but he can get away with a fib (ahem)
"The American people will see interest rates go down 1/2 to a full point" (again stretch, mostly true)

[Chris Roberts @RobertsChris6]

@mehdirhasan @mcelarier A little bit of a stretch there, Mehdi.

When cops go undercover and pretend to be drug users, how would you feel about those busted drug-dealers claiming unfair tactics?

They sought out hidden criminals (yes, with subterfuge). Get over it.

[Chris Roberts @RobertsChris6]

@m3_melody On Jan.11, you posted abt a rumor.

$FNMA on Jan 10 & 11 had highs of 1.00 and 1.01
Jan 23 & 24 had highs of 1.48 and 1.49 (close at 1.40 yesterday).

Let call it 50% in 2 weeks.

There are many preferred stocks, as well.

Any report on your 'rumor', as traction gaining!

[Chris Roberts @RobertsChris6]

@timpagliara Isn't that ERCF update past-due from 12/31/23?

Eerie that the 2 sides haven't agreed on a pershare allocation from 8/23 verdict.

Fannie CEO talked abt a 'victory lap'. 2.5% would bring IPO/SPO down to a reasonable #.

Stocks moving up fast amid rumors, but WTH is going on?

[Chris Roberts @RobertsChris6]

@m3_melody TIA

Might be something cooking on GSEs $FNMAS is the flagship preferred stock & all of the 30 or so are making new highs!

[Chris Roberts @RobertsChris6]

@m3_melody @viscountallenby So, this wasn't the rumor?

You have another one, or does it jive with Stevens et al, asking to have GSEs buy MBS to reduce the spread.

Not that this would signal or require release from conservatorship (15.5 years old), but it might!