Fannie Mae: “Lawsuit ….Has A Very Good Chance of Succeeding,” Argues Capuano


Capuano backs Sen Toomey’s thought process and even takes it a step further. Now, before anyone thinks for a second I am backing a MA Rep because he is from my State I just need folks to know that this is possibly the only thing I agree w/Capuano with. That being said, his proposed legislation regarding Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) FANNIE MAE PFD S (OTCBB:FNMAS) is the most sensible in Congress on the issue as it accomplishes everything every party wants equitably.

Rep Capuano:

“I had no problem taking them over, but like anyone else, I think that once they’ve paid their loan back we should reform them or let them go… and I personally think we should reform them but nonetheless…  I actually think there is a lawsuit now, I think it has a very good chance of succeeding, that will show that what the government has done was probably not appropriate.”

DG Value Adds 36.4% YTD As Distressed Stocks Surge

Dov Gertzulin's DG Capital is having a strong year. According to a copy of the hedge fund's letter to investors of its DG Value Partners Class C strategy, the fund is up 36.4% of the year to the end of June, after a performance of 12.8% in the second quarter. The Class C strategy is Read More

Conversation on the GSE’s starts at the 2min mark.

Via: valueplays

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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