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Buffett: Munger's last stock pick FNMA,FMCC?
3R or pay $1.5B fine with upcoming FNMA common lawsuit
For both JPS & FMCC common, total fine plus interest is $900M. If you add FNMA common in future lawsuit, GSEs have to pay $1.5B.
Why would they pay $1.5B? They can just do 3R. That makes everbody happy.
Sealed doc=white flag, FHFA-C is NOT gov-30days to appeal/delay
Federal Reserve made 10% profit in AIG after warrant
Federal Reserve bailouted AIG for total of $182B and got 79.9% warrant.
Total profit for Federal Reserve was $96.6B after 5 years.
That means ($96.6B/$182B)/6yrs = 10% return.
Federal Researve has to excercise warrant to get 10% return.
Paulson parameter
Interest rate for companies who returned before 5 years = 5%
Interest rate for companies who returned after 5 years = 10%
In case of GSEs, USG bailed out GSEs and has made 10% + $30B.
4/20-4/28-May be new cap for Q1, Congress off
5/20 is appeal deadline for FHFA
Anything can happen by 5/20.
Under Fed. R. App. P. 4(a), notice of appeal in a civil case must be filed:
within 30 days after entry of judgment if the United States, its agency or officer is not a party;
within 60 days after entry of judgment if the United States, its agency or officer is a party; or
within 14 days after the filing of a notice of appeal by any other party.
https://www.ca4.uscourts.gov/faqs/faqs-appellate-procedure#:~:text=App.-,P.,officer%20is%20a%20party%3B%20or
2R with G-fee after Q1 before 60days appeal deadline
If government wanted to really appeal this and delay for 2 years then there was no need for Lamberth to delay certification of 8-0 jury judgment. Now, Lamberth gave Government 60 days from certification to act with Q1 report or there after but before 60 days limit.
Punish fake news supporting illegals-Cut cable, did in 16, invested saving in GSE
Politicize housing crisis, Blame others, then give 10K
Who here thinks that Gov will tell you future action? None.
One weekend,it will be over. May be after certification or in democratic covention.
Create problem then solve it to get victory lap.
2020- 10K student foregiveness carrot
2024- 10K housing help carrot
Friday run is expecting Certification next week
Lamberth to certify in 30days-3th, lead to 12M vol 11% rise
To get $50B+ incentive from warrant, 3R is essential
Cash NWS can't be restarted because FHFA said in the court that they have stopped it.
In order to get incentive of $50B-$100B from warrant, Gov has no option but 3R.
Gov can give warrant back to GSE to be used in all kind on incentives mentioned in SOTU.
If Gov excercise Warrant then that Billions will be controlled by the Congress.
ST delayed capital reserve announcement to align with bank's capital reserve announcement via Basel3.
Pigs fly all the times in US- Just look 2020, 2024
Will sell my starter home with tax credit-lol
$25Kx400K=$100B-Is it GSE's warrant money?
Down Payment Assistance for First-Generation Homeowners. The President continues to call on Congress to provide up to $25,000 in down payment assistance to first-generation homebuyers whose families haven’t benefited from the generational wealth building associated with homeownership. This proposal is estimated to help 400,000 families purchase their first home.
Building and preserving over 2 million new homes to lower rents and the cost of buying a home
President Biden believes housing costs are too high, and significant investments are needed to address the large shortage of affordable homes inherited from his predecessor and that has been growing for more than a decade. During his State of the Union Address, President Biden will call on Congressional Republicans to end years of inaction and pass legislation to lower costs by providing a $10,000 tax credit for first-time homebuyers and people who sell their starter homes; build and renovate more than 2 million homes; and lower rental costs. President Biden also announced new steps to lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters.
https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/07/fact-sheet-president-biden-announces-plan-to-lower-housing-costs-for-working-families/
GSE will be used as tool to give $10K to FTHB, once congress does not do anything. For that 3R is essential.
2020- $10K student loan forgiveness
2024-$10K tax credit to FTHB/starter home seller
It's 4S, Smackdown of BOD by Paulson in 2008
Smackdown of BOD by Paulson
Steal
Siphon
Store
3R may be before FNMA COO join on 5/20 so that he can make Millions
SOTU-Thursday rather Tuesday, Victory lap-3/7 & 3R-3/11
Rodney, Please update your calculation upto 12/23 to stop theft
FHFA can be sued for many illegal acts as a regulator
Roth order-10K@$30, 20K@$40, 30K@$50, 40K@$60
Ifthere is dividend then no sell order
Then do day trading in Roth.
Did Gov allowed crooks get rich by shorting GSE?
These crooks made money by shorting GSEs in 2007-2009.
These crooks will make money by going long on GSE common.
Benefit of NWS-moved shares to Roth IRA -Thanks to BO/JB lol
In last 10 years, I was able to move100K shares of GSEs to Roth IRA .
I should thank crooks of DC.
BRK is hiding 1.2B investment in bank/finance/insurer-GSE?
For a second straight quarter, Berkshire obtained permission from the U.S. Securities and Exchange Commission to temporarily keep one or more of its holdings confidential.
It occasionally requests such treatment when it is making big investments, including multibillion-dollar stakes in Chevron, Exxon Mobil, IBM and Verizon Communications.
This is because investors often try to piggyback on what Berkshire does, reflecting Buffett's reputation as one of the world's greatest investors. Berkshire prefers not to have investors pile into its stocks before it's done buying.
In its third-quarter report in November, Berkshire hinted that its confidential investment may involve a bank, finance company or insurer because it had recently spent $1.2 billion on stock in that sector. It has yet to reveal where the money went.
https://finance.yahoo.com/news/berkshire-sheds-holdings-mum-investment-213748123.html
Be careful, KT is working for BRK.
JB orders FHFA to raise 100B, Done by SOTU
FMCC-Net Income $2.9B for 4Q, $10.5B for 2023
What if GSE redeem JPS purchased before NWS+1 day?
Do buyers of JPS or Common have any claim who purchased JPS or Common after NWS+1 day onward?
Citi's conversion occured to recover principle+10%
In case of GSEs, GSEs already paid principle+10%+ $30B. Therefore, senior to common conversion is rap.
Bailout interest rate in 2008
If TBTF pay all bailout amount within 5 years then 5% interest.
If TBTF pay all bailout amount after 5 years then 10% interest.
That's why CITI & GSEs have to pay 10%.
Treasury can't rap GSE but conservator can allow rap
This is logic of Kthomp19 - lol
Boomberg linked GSE run to DJT to tame pps
Biden will use GSE to bribe voters long before election.
$50 by Friday 2/16/24- Dream Big lol
Jay Leno files for conservatorship of his wife's estate
Now, they donot have to pay any interest of debt. He got idea from GSE conservatorship. lol
https://www.msn.com/en-us/news/us/jay-leno-files-for-conservatorship-of-his-wife-s-estate-petition-says-spouse-of-43-years-suffering-from-dementia/ar-BB1hlYSW?ocid=mailsignout&pc=U591&cvid=b6e65594c1034d62984c24bfa906d7f0&ei=82
Look at Divi & owners of AGNC, NLY & similar companies
All TBTF uses above AGNC & NLY similar companies (buyers of CRT) to siphon $2B-$3B/year from GSEs to TBTF.
Entire Swamp is loading for last 3 years under Roth
FNMA SPO=4B shares for recap, PPS=$30 to $50
All clear for takeoff on or before Q4 report
New lower capital reqirement will be announced to calculated Q4 & annual report.
The lawsuit has given Gov excuse for 3R.
JB can anounce on SOTU that GSEs has paid Gov principle+10%+ 30B extra. $30B extra will be applied towards warrant.
FHFA/GSE is NOT paying 0.8B+ on 33B-Delayed 3R will solve all lawsuits
The transfer agent and registrar for our common stock is Computershare Trust Company, N.A., and its address is P.O. Box 43006, Providence, RI 02940-3006 or, for overnight correspondence, 150 Royall St., Suite 101, Canton, MA 02021.
Holders As of February 1, 2023, we had approximately 8,000 registered holders of record of our common stock. In addition, as of February 1, 2023, Treasury held a warrant giving it the right to purchase shares of our common stock equal to 79.9% of the total number of shares of our common stock outstanding on a fully diluted basis on the date of exercise.
News by 2/9 or when JB/MO team announced