Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just finished off a Skyline chili cheese dog with onion and mustard at 8:20 am😃 GLTA!!
Could I grab Waffles instead?
GLTU
;)
Once $1.35s hit we breakout upwards back towards $2
GLTA
FNMA
Yahoo is showing FNMA closed $1.24 (-.01)
But Schwab shows $1.24 (-.04)
Must mean something good
Banksters own all govt and now housing with rentals
Pottersville thanks to tbtf banksters
Need a huge change to fix this mess
FNMA
Today's 4 cents to the RED, might have caught HawkEye Buffett's Attention.
Don;t Risk It - Grab some of these HotCakes while the Grabin' s Good
Thanks Guido, keep up the good work. These politicians speak out of both sides of their mouth.
Who is holding up Mr. Scott?
Who is holding up Judge Lamberth?
Sandra uses it to fill her swimming pool and then swims through it.
In reading your post I just figured out where the FHFA playbook comes from - Student Loans. You can pay on those for 20 years and still owe more than the day you started paying.
In America, @FannieMae & @FreddieMac were forced by @FHFA to take $187 billion loan from @USTreasury to buy bad loans made by TBTF banks. They paid back $301 billion but the crooks claim the money is still owed. @SenatorTimScott refuses to advance @AndyOgles bill HR 5549! https://t.co/87RCVBuIgL
— Guido da Costa Pereira (@GuidoPerei) September 19, 2024
I did a Google search for "Countries that
cat eating is legal," or something like that, and it said:
Vietnam
China, and
Australia
bill to expand federal oversight , this bill automatically will keep Chevron deference away from federal oversight in housing market.
Would that be cats as pets of single childless women or cats being BBQ'd by Haitians? lol.
FNMA/FMCC
Tomorrow gaining support due to Fannie and Freddie pulling off their lows like cats on hot tin roofs....Tomorrow Fannie Up 8 cents - Load Up like crazed sardine packers - Freddie Up 6 - Give or take 2 cents either way
Fewer trades. Nothing more. Nothing less.
down on small volume, what does that mean
Fire Yellen - Fire Sandra Thompson
Fire Biden - Fire Harris - Fire Trump
Fire Obama - Fire Bush - Fire a Great Many Others who have Cheated Us Thousands of Fannie and Freddie Shareholders, Ruined Lives, Caused Untold Financial Insecurities - End The Conservatorship - Make Reparations to Shareholders NOW - ReList Us on The Big Board - NOW
vote them out. if you are in battleground state, do it. go for the candidate you think will resolve it. you have more power than you think. spread the word, one person by person. this is your chance to teach a lesson to the fraudsters. every vote counts in the battleground states. it is not that hard and who knows you may be surprised on nov 5th. tell the story to voters how they have bilked over 350 billion from poor mom and pop who saved for their childrens education and retirement , it has been 16 years and they want to continue looting and freddie mac cfo has even committed suicide over this. tell a story. this would be far sronger than their ground operation where they are waking you up early morning and pissing you off.
After reading the last post it hits home hard to understand the FHFA gave away the company. GAVE IT AWAY!
The SCOTUS said it best...
JUSTICE BREYER Quote: “Thank you. I think in reading this you could, with trying to simplify as much as possible, do you -- the shareholders' claim as saying we bought into this corporation, it was supposed to be private as well as having a public side, and then the government nationalized it. That's what they did. If you look at their giving the net worth to Treasury, it's nationalizing the company. Now, whatever conservators do and receivers do, they don't nationalize companies. And when they nationalized this company, naturally they paid us nothing and our shares became worthless. And so what do you say?”
jog49, the Treasury did not pay any amount of money. The company recorded the Senior Preferred Stock was issued for free. The company gave the Treasury one million shares of Senior Preferred Shares for $1,000 per share or $1 billion dollars. In addition, gave to the Treasury 79.9% of warrants.
Quote: “We did not receive any cash proceeds from Treasury at the time the senior preferred stock or the warrant was issued.” End of Quote
page 25 Form 10K December 31, 2008
link: https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#304;;
Senior preferred 1,000
Page 143
Link: https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#127;;
On September 7, 2008, we, through FHFA, in its capacity as conservator, and Treasury entered into a senior preferred stock purchase agreement, which was subsequently amended and restated on September 26, 2008. We refer to this agreement as the “senior preferred stock purchase agreement.” Pursuant to the agreement, we agreed to issue to Treasury (1) one million shares of Variable Liquidation Preference Senior Preferred Stock, Series 2008-2, which we refer to as the “senior preferred stock,” with an initial liquidation preference equal to $1,000 per share (for an aggregate liquidation preference of $1.0 billion), and (2) a warrant to purchase, for a nominal price, shares of common stock equal to 79.9% of the total number of shares of our common stock outstanding on a fully diluted basis at the time the warrant is exercised, which we refer to as the “warrant.” The terms of the senior preferred stock and warrant are summarized in separate sections below. We did not receive any cash proceeds from Treasury at the time the senior preferred stock or the warrant was issued.
I reckon today is just a bend over and take it in the ass day. Nothing more than just that.
LOL. They can't even pass a bill to keep the lights on.
That bill is a giant nothingburger going nowhere in a divided Congress, 2 months out before a Presidential election.
Yeah I guess Fanny didn't get the memo ? the markets up over 500 points and they cut the rates...
YES
but only if you disregard FASB methods which still hold > 200B of negative capital
The new version of the small GOV party
No new ideas
How about helping fund 3MM new homes and freeing F and F
Green everywhere...except one place. Whoda thunk it.
That's better volume than we've seen for a while. At least there is some interest.
August 2012 when the announcement of the 100% Net worth Sweep implemented by SecTres Geithner under the direction of Barack Obama. That is nationalization.
If #1 happens and they are subsequently released, I don't see myself spending much time on this board anymore. :) But sure, happy to debate it if I'm around.
I guess from this story one could imply Paulson doesn't think the GSEs get released if Trump loses otherwise he would invest in them - https://www.yahoo.com/finance/news/trump-supporting-hedge-fund-billionaire-002332457.html
SPIRIT "YEA"
Like the 12 Dreams of Dr. Sardonicus
An incredible heap of cash? why? Do they really need 90 Billion, just in case?
"Quote: “Fannie Mae and Freddie Mac have been in federal conservatorship since September 2008. CBO treats the two GSEs as government entities in its budget estimates because, under the terms of the conservatorships, the federal government retains operational control and effective ownership of Fannie Mae and Freddie Mac."
I might be dumber than a box of rocks but my reading comprehension is quite good. For all intents and purposes, the government is driving this bus and they only paid, what was it, $74,000, for it?
"Yeah. GSEs passed all stress tests and got Nationalized. Other banks failed the same stress tests yet were given loans with 2% interest and let keep going while their bad loans were forced on the GSEs."
So what two-bit lawyer or law firm has seized on those facts and filed new lawsuits against the government for unfair dealing?
I believe the answer would be nobody or none. Apparently, getting screwed by the government is not actionable because it sure as hell is easy to prove.
Thanks Guido - if the question is Net Worth - it is approximately $ 140 bn (FNMA $86.5 FMCC $ 53 bn) as of 6/30/24. Prob at least $ 150 bn at end of 2024 and at least $ 200 bn at the end of 2027 when a recap could be possible. Bottom line is that any stock offering would be $ 100 bn or less for a market value of approx $ 300 bn. If JPS is converted the stock offering would be less than $ 65 bn to reach $ 300 bn. Most likely GSE Net worth at the end of 2027 will be closer to $ 220 bn and with a JPS conversion of $ 35 bn - new equity would be less than $ 50 bn.
See the CBO GSE restructuring Paper and you can see that the GSEs are running $ 20 bn more in Net Worth. This Paper assumes JPS are paid at PAR and the warrants have value. SPS get partially written down.
Here is the CBO GSE Paper link:
https://www.cbo.gov/publication/56511
See Table 3 which assumed a 2025 stock offering
Of course KM could find a way to rip off everyone.
Around 90 billion dollars for FNMA
"Hasn't the government already breached ALL faith by Nationalizing these companies?"
Absolutely, with or without argument!
I’ve asked this before but wasn’t able to find a solid answer. Do we know what their $140b in cash is doing? Do they buy treasuries? Are they earning interest on that sum somehow?
See attached link for cash on hand 6/30/2024:
https://finance.yahoo.com/quote/FNMA/balance-sheet/
Click on the Down Arrow for Total Assets. $106 billion.
FnF combined have 139.5B of retained capital.
We got spirit, yes we do,, how about you ?
GO TEAM!
Republican senators introduce bill to expand federal oversight
of housing programs The bill was introduced by key members of the Senate
Banking Committee, including Tim Scott, Katie Britt and Mike Crapo
September 18, 2024, 4:17 pm - By Chris Clow
Republican senators introduce bill to expand federal oversight of housing programs https://t.co/Qd7dDD5yUH
— Cmdr Ron Luhmann (@usnavycmdr) September 19, 2024
warrant tender value to F and F
the pennies or F and F sell shares for F and F reserves growth of 100B ?
huge difference from same sentence
As always - LP/SP declared paid off is 1 2 3 4 5 in the priority order as a MASSIVE first step
Anyone else confirm $FNMA cash on hand?
TIA
JPS might - might - be an interesting hedge that MAY have some large upside and SOME ;protection from 100% wipe out ??
just a thought to hedge -- at this point - I think I am = in $ in common and JPS
#1
#1
#1 on that list is 90% of the value of that list
If and when it happens we can debate the other stuff
ok?
?
maybe they do not want to buy in the SUB market it now trades in ??
recall we are not delisted but we are not listed
??
Followers
|
2315
|
Posters
|
|
Posts (Today)
|
4
|
Posts (Total)
|
800534
|
Created
|
07/14/08
|
Type
|
Free
|
Moderators not one red cent ~NORC~ stockprofitter Ace Trader EternalPatience jeddiemack FOFreddie |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |