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thanks for posting
MODS, pls sticky!
mods …. pls sticky!!!!
WRONG!!! .... " but some have intimated he has scaled back holdings."
"No other US corporations ever have been treated in that manner, i.e. stocks still public but "operating in Conservatorship" for a decade and a half."
and that is why THIS MUST END! thank you for your continuing commentary/input
bill, what a shame info is no longer issued …. is this bc of hera restriction on lobbying?
govt not able to sweep funds almost 2 yrs now
no … homeowners with fnf mortgages are paying the legal bills, not fhfa! fhfa funding comes from fnf
“jury will focus on lies and misrepresentations not “tortured” semantics such as difference between may & shall”
^ from experienced litigator
transcript been out over a month…. available through court reporter
just so no confusion:
1.damage estimates by david thompson are for jps shareholders, damages for common - if any- undetermined
2. irrespective of appeal process, if we win stocks will appreciate significantly
think you missed “right to exclude “
100% agree
but i keep remembering bove’s recent interview with layton where layton said when he was ceo of freddie, they tried like hell (paraphrasing here!) to figure out way to force jps to take haircut and could not
it’s not being misinformed, at this point after all that’s happened in thiis crazy fannie saga, it’s either extreme obstinacy and/or just plain stupidity. and both of these character traits are very dangerous to financial health
haha …. thank you again for all you share and for your wit
it’s hard to understand the venom between common and jps. why do the common NOT understand it’s literally impossible for them to be successful here without the pref being successful FIRST?
thx, glen, can you pls post link to tim’s 13f
re pagliara … this is BAD info. he did NOT sell. check his 13f. shows over 17 mm shares up from 14 million 6.30.21
march 21
Lamberth Timeline
3/21: Parties motion for summary judgement (SJ)
4/15: Parties response against SJ
5/6: Parties response in support of SJ
5/12 - 6/11: Pretrial conference
~7/10: SJ Decision
7/11: Trial Begins
~2H ’22: Trial Decision
disagree … variable rate preferred are low duration assets that are purchased by institutions/investors who want alternative to money mkt funds and are especially attractive in rising rate environment this will be especially true if gse’s return to AA credit ratings
spot on
forget GS - i made mistake replying to old old post
yes, this is lamberths decision granting UPCOMING trial
yes, implied covenant only one that survived
thx
good summary and fingers x’d!
cooper and kirk has asked for bench trial and class plaintiffs want jury
don’t think it’s been decided yet
uhhhh, this is judge lamberth’s decision
fyi, he’s the judge overseeing the upcoming trial
your other sources know more than the judge?
this is judge lamberth saying the motion to dismiss is denied and giving reasons why he is allowing our implied covenant claims to move forward
for non lawyers - which includes me - the decision is NOT going to be based on whose (plaintiff/us or defendant/govt et al) interpretation of law is correct, decision is going to be decided on the facts. and the facts are readily available via the govt’s own docs provided in discovery plus existing public documents
plus we already know what the dc circuit thinks as they remanded it back to lamberth
qed
stop reading at top of p. 29
re translation, it’s written in english???
lol
lamberth decision
https://cases.justia.com/federal/district-courts/district-of-columbia/dcdce/1:2013cv01053/160910/82/0.pdf?ts=1538213650
start reading @ p21
the more layers you “peel off the onion,” the more what the f—k will be your reaction
for example, do you know the buddy piszel story
MODS- another sticky!!
mods - PLS STICKY
wise man (??). … there was NO cash payment. he forfeited the options that were worthless
wise man (??) … i’m not an atty - thank goodness - but am aware of settlement terms and why tim kept $$$. facts are it was a total waste of significant $$ by our govt besides an absolutely shameful action to try and destroy a man who is as honorable and ethical as they come by our govt pursuing the case in first place. don’t understand how anyone could condone government actions if they have knowledge of the case
apologize for my inaccuracy re courts
same message to you . .. entitled to own opinions but not own facts. re biden staffer and tim no response, read his blog and comments more carefully
at this point it’s all caveat emptor and constantly looking into a mirror is not great investment strategy
good luck to all and don’t forget impossible for common to retain value w/o pref being dealt with. in reality we are all on same team
re tim howard rulings ….case was withdrawn and settled out of court. hey, you’re entitled to your own opinion but not to your own facts
fyi re tim howard… you guys are making BIG mistake ignoring tim howard. among people who are true professionals in the business he is literally considered the brightest guy in the room - lew raineri, cap wealth, et al
and for people who criticize him for sec action, they obviously have not read the case. our govt tried to do a hatchet job on him and failed miserably!! truly was a gigantic and shameful effort to discredit the most knowledgeable and ETHICAL man in the industry and he actually won if you read the final rulings
curious says …..
hope Mr. Market doesn’t. opportunity of lifetime to add for those who understand what this means
nor could i
thanks to both of you
thank you again for all that you add
why don’t you just call tim? seriously!
he will be happy to confirm his positions
otherwise, you’re about to be seriously embarrassed