Penny Stocks backed by the Federal Government gain 60% in 2 days!
You could have made a whopping 60% gains on Penny Stocks backed by the Federal Government of the United States of America!
We Alerted Yesterday:
(see here) Daily Stock Deals @TOP10STOCKS18 Mar
Hot Stocks to Watch: $PULS $GALE $FMCC$FNMA http://www.dailystockdeals.com/topten/stocks-to-watch-03-18-2013-puls-gale-dcth-ffn-plug-stp-gigm-gold-is-back …
We detected unusual move yesterday, volume when through the roof, some 85 million shares traded and the stock gained a health 35% today.
Fannie Mae and Freddie Mac, the two government-seized mortgage financiers, appear increasingly likely to pay billions of dollars to the U.S. Treasury, focusing attention in Washington on what should replace them.
Edward J. DeMarco, the acting regulator of the two companies, appeared before the House Financial Services Committee today and urged lawmakers to reduce or eliminate the mortgage market’s reliance on taxpayers. At the same time, a Senate panel heard testimony from the authors of an alternate plan for housing-finance reform issued in February by an independent commission.
“I have been observing a developing ‘consensus’ among private-market participants that the conforming conventional mortgage market cannot operate without the American taxpayer providing the ultimate credit guarantee for most of the market,” DeMarco said in testimony at the House hearing. “That clearly is one outcome, but I do not believe it is the only outcome that can give our country a strong housing finance system. I believe that our country, and its financial system, are stronger than that.”
Washington-based Fannie Mae (FNMA) and McLean, Virginia-based Freddie Mac have been under U.S. conservatorship since 2008 and have drawn nearly $190 billion in taxpayer aid to stay afloat during that time. Lawmakers who don’t want the companies to return to their previous status as government-sponsored enterprises, or GSEs, are becoming concerned that political momentum for winding down and replacing them could erode as the housing market rebounds and profits soar.
Sources: Fannie Mae, Freddie Mac, OxBridge Research, Daily Stock Deals, Bloomberg