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"Did @RepMaxineWaters or any of her co-sponsors calculate the per unit cost?"
Waiting for the former maid to calculate anything is like waiting for Gomer Pyle to formulate the theory of relativity!
"crazy. not voting this time. we know how it was under both. $1500 down to $0.40 in 16 years, yanked retirement, 529 and many died without seeing their hard earned money."
And if the government's plan works out, many more will die without a pot in which to pee! Many people in all three branches of government know of our plight yet no one, not a dam one of them, has stepped up to our defense and loss of rights. Nobody!
God try TightCoil. That was 2014.
"What on earth is left for Lamberth to rule on? Geeeez."
Backs up my opinion that he knew nothing about finance but has to make a ruling so he and his clerk(s) are trying to get educated. I worry about situations like this where a person doesn't know his ass from a hole in the ground...
Most interesting podcast!!!!!!!
It's almost a "gimme" that it's not F&F!
Not UPLISTING ....It's UPLIFTING....from basement level 10 to basement level 9 . . . 5¢ gain.
Guido,
If you wake up one morning to find your feet encased in concrete, and before your journey ends, know that we appreciate your efforts
Yep, that's why there were recent jokes about 5%. As soon as 4% is achieved (which is way out there) the government will then move the goalposts to 5% . . . so on and so forth........
"So how much capital do they need before they can start dividend even minimum?"
Apparently all the money currently on the face of the Earth!
"Freddie made .52 more per share than Fannie! This is why the majority of my shares are in Freddie. I still keep 18 percent of my shares in Fannie. GLTA!!"
Doesn't really matter because Uncle Sugar says the closest you will ever get to that profit is in the report you read!
"how does FNMA create net worth if all income is sent to the Treasury?"
They don't! That's the foundation of this whole scandal started 16 years ago.
If these "high profile" lawyers can't bring the proper suit before the court for the plaintiffs, then they ought to be liable. As it is now, win or lose, they make out like bandits, financially speaking. When they display they have no expertise, let's let them get their asses handed to them by hitting their bank accounts. They have no problem hitting ours!
"What are we waiting for? Set the capital reserve to a more realistic level. 4% is too much. 2% is plenty. No more capital needed and exit C-ship."
You know that won't fly. It makes too much sense.
I think it to be nothing more than political lip speak. It's the same old shit; they just change the date on the letter.
"2028 the latest … that is, if the entire system isn’t totally corrupt"
That's a mighty small nail on which to hang our hat!
"Obama-Biden administration swindled $301 billion of Fannie Mae and Freddie Mac equity and stole from the pension funds of police officers, fire fighters and government employees. Clawing back that money would restore the retirement accounts for millions of Americans."
Nicely stated Guido. Too bad there is nothing in the heads of most Americans to understand what has taken place.. It goes in one ear and out the other because there is nothing between those ears to even know what the corrupt U.S. government has done to its citizens. Stupidity rules the day!
When is the last time you heard Biden or any of his flunkies talk about Bidenomics? It's been a hell of a long time because it was worse than the sinking of the Titanic.
"3 years old by a guy no longer President. Not sure he would remember this anyway. I haven't seen that he's mentioned the GSEs since that 3 year old letter. Has he?"
So what about Rand Paul? In one ear and out the other?
"I guess I am just trying to figure out why this is taking so long. "
Two reasons:
1) The judge and his staff know NOTHING about finance and are struggling with the division.
2) The judge, a government employee, NEVER wanted the plaintiffs to win, and they did, so he is dragging his feet as much as humanly possible (and doing a good job).
"I think Lamberth sides with the shareholders." Sure thing! LOL (at you)!!!
"this stock is still worth 50 with the warrants"
Easily, but the warrants have been satisfied so you now need to talk with Patswil.
"Courts will take years, so Trump in the next hope. then do we cut off our arm to get free (warrants)?"
In the case where Trump might win the election, is any process underway to educate his upcoming administration about the plight of Fannie and Freddie or do we have to begin anew next January? Release should be the FIRST order of business after the swearing-in because absolutely nothing is going to happen with these socialists . . oops, I mean Democrats.
"IMO the obvious was looking us in the face the entire time.
Biden admins goals NEVER included exit. they have their dream scenario in Cship. control housing mort market, doing uneconomical subsidy programs that cant be forced on comps Outside Cship.
trump/calabria want(ed) exit
— Tony Castelluccio (@T_Castelluccio) April 18, 2024
*****************************************************************************************************************
Hey TONE! Wees got a problem. You knows some people. Let's get it taken care of!
"Senate Banking & Housing Hearing Begins @ 10:10 am EST ..."
What a waste of the auditory system!! You have five minutes Senator. Here's your soapbox.
"this is where the court system could completely break down, if any judge ignores the judicial process and gives in to Government pressure because they lost. we are truly in a banana republic or worse, communism, where Government does whatever they want for whatever greedy reason they want, and tells judges to ignore the truth and the people"
It's in a shambles now and it's totally the fault of those that play in it . . . the legal profession. QED
Look up the word "RIDICULOUS" in your dictionary. Below is what comes up:
Last Updated: April 17, 2024, 11:59 p.m.
Assigned To: Royce C. Lamberth
Citation: IN RE: FANNIE MAE/FREDDIE MAC SENIOR PREFERRED STOCK PURCHASE AGREEMENT CLASS ACTION LITIGATIONS, 1:13-mc-01288, (D.D.C.)
Date Filed: Nov. 18, 2013
Date Terminated: Oct. 10, 2014
Date of Last Known Filing: April 17, 2024
Cause: Civil Miscellaneous Case
Nature of Suit: 890 Other Statutory Actions
Jury Demand: Defendant
Jurisdiction Type: Federal Question
2013 to 2024!!!! And this comes under the "Speedy Trials Doctrine"??? And worse yet, NOBODY has received a dime as of April 18,2024!!!!
"Personally I don’t care about the current share I care about the success of the company"
What bull shit!
It is, of course, intentional but you would have thought in all this time, one or the other political party would have seized the opportunity to make the other look like an ass for what it had done to private investors.
" Nobody can do anything about it though"
Many CAN but none WANT TO...........................
There's the dumbass talking about a "paper" again. A paper is something done by an academic, from time to time, to make one think they actually have a job and are working. All here are looking for a press release . . . something indicating an action has been taken and not trying to fool anybody!
1. "We seem to be off FHFA’s calendar for events going forward. "
2. "We Won And Are Being Released! $$$$$"
1. Surprised we were ever on its calendar.
2. Wishful Thinking!
"Fannie & Freddie 2023 combined value $7.4 Trillion"
Yet both can be had for a song!
"He must of took the day off and went to the zoo"
So he's in Washington?
"The Dunning-Kruger effect,"
Is that where two corporations can be worth all the money in the world yet trade for $1 on the stock exchanges?
"Legendary, you sound like Clark. Many of us here have been in for a long time, some like Patswil even longer. My buys range from $4.20 all the way to .40. Though I averaged down over the years. Now I have more shares than I originally thought that I would ever have at a lower price than I ever imagined that I would. If I sold now I would take a loss on probably 60,000 shares but would make a decent return on the remaining that I hold. Patswil, to buy at .17 has been here multiple years before myself and I am extremely happy for him after this long ride! Everyone of us has had a chance to average down into a better position except for those that didn’t have the where with all to do it and for those , I wish you well and hope that you will make a nice profit going forward! GLTA!"
You didn't mention me! My first purchase was 1,000 shares at $57+, 20 years ago!!!!!!!!!!
"Suit up and get on board - or stand back away from Launch Pad"
Why are there cobwebs on your Launch Pad?
"So we've been manipulating, preferred and common shareholders"
NO, preferred and common shareholders ARE BEING MANIPULATED, not doing the manipulation.
"#ClownShow. Dumb Sandra hiding under her desk"
Heck of a big desk to get all that booty underneath. Like trying to hide an elephant in a Cracker Jacks box!
Why not let FHFA be run by AI completely? It certainly couldn't do more harm than the trolls that have tried to run it over the past 20 years!