Followers | 11 |
Posts | 1146 |
Boards Moderated | 0 |
Alias Born | 05/19/2014 |
Sunday, June 28, 2015 7:23:30 PM
1. Sell shares for whatever you can get
2. Get on knees in prayer position
3. Thank God that you got more than $0.00 and that you live to see another day
Many forget that these companies have 30 year contingent liabilities on their trillions in MBS. Right now US Treasury is saying, okay, no need to hold capital, we'll cover that. Given this outstanding guarantee it is very difficult for shareholders to argue that they have any residual claim. Especially common s/h given that there is still $180 billion in Sr. Pref along w/ those pesky Jr. Pref's that trade at only 15 cents on the dollar.
I have the spread trade on Long FNMAS / short FNMA
It's a race to zero for both securities, but they are so far away from parity right now that there is a ton of money to be made on the spread.
Sorry fellas, all future Washington and Vegas trips are cancelled. Find a new dream, dreamer.
Recent FNMAS News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:07:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:05:24 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM