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Do you have the much "cash - investment" that you can weather inflation with the 4.6% or fixed interest cash flow or whatever that GOV long term paper offers?
(Consider some stock market index funds with some - 25% -(or more) - of the nest egg. You can draw 4% plus inflation with a 95% probability the pile will grow v shrink - over say 20 years Does not matter what the market did - you stay to the plan (The stock markets have been great - but long term averages can take 20 years to average to CGR of 8+% we are used to but 4% plus inflation has a 95% survival AND growth history for 100 years
or buy 2 5 7 9 10 12 15 17 190 year bonds or some sort of staggered maturities. That way at maturities you have different - sometimes very high - some times lower but average interest rates (search bond ladder and advantages of real bonds in a ladder)
NOT ADVICE - just a thought and suggestion that there is nothing conservative about living a nice long happy retirement an finding one does have the money needed in 2039 after say 3% inflation on average
not sure all of modern America - but for sure at SCOTUS
I know it was how the issue was raised and other specifics - but these 9 judges could have seen what was going on and done something
$FMCC $FNMA ICBA urges FHFA to expedite the process to end the conservatorships in an orderly and transparent manner while avoiding any disruption of the mortgage market https://t.co/mP6H5xjkRG
— Patrick (@InvestIt3) May 23, 2024
Good bye gains. It was nice to meet you. Hello low of day. Thanks for visiting.
I once bought a used car from Bob Corker. As I drove off the lot the car broke down. I immediately returned. The lot was gone.
The date is 5/22/24. It appears on the last page.
Today I reduced most of my preferred positions FNMAS, FNMAT and FNMAJ. Plan to move into 10 or 20 Year Treasury. Getting ready to close down my Used Auto business and retirement. Still have both commons and few thousands of FMCCTs that I plan to keep for next 5 years.
How much daily/monthly interest does that add, based on the 5% over Fed Discount Rate (5.75% in total) from the lawsuit? Is the interest payable on the $50 par value or the damages amount only? How much is that for FMCCT?
Thanks in advance.
Fisher has the law on his side but in modern America, that matters little..
the thing is that this admin hasn't done anything, lael already said nothing is in works. so everyone thinks maybe a change will be better. rightfully to think so, human nature, though no guarantee as we got foked even more during those last 4 years except lot of cnbc interviews, printing his stupid face on dollar bill , catman saying the c ship is wrong but then hiding stress test, raising capital levels, writing letter agreement.
see what calabria said and what he did
"The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles
— Mark Calabria (@MarkCalabria) February 9, 2015"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174465016
they do well care about their own stock, making billions in djt stock, ramswmy making billions of buzzfeed, mnuchin making billions of ny bank, now pumping crypto for campaign donations. why aren't they talking about fannie freddie shareholders ? whose investment from $1500 down to $0.40, retirement lost, 529 lost, 16 year conservatorship where so many died without seeing a dime.
won't happen. I won't say why or post won't be visible.
the only positive is the possible trump release of the twins
Appeal from the United States Court of Federal Claims in
1:13-cv-00608-MMS, Senior Judge Margaret M. Sweeney
So - this goes to the "local" circuit-appeals court?
I thought this very same court has already knocked down appeals (although maybe not for the reasons or logic presented here --- SCOTUS and ..)
??
How many reasons would you like? Here's a few:
Perpetual Conservatorship
Net Worth Sweep Rubber stamped
No Path to Exit
No Path In Courts
No Path in Treasury
No Path in FHFA
I have more but you get the idea.
Looks like May 22nd … as far as ETA of anything happening? If it follows everything else in this mess it’ll be the 5th of Never.
It's those pesky SW MM's again
LOL
what's the filing date on this (I couldn't find it) and eta on anything happening?
anyone?
TIA
Bryndon Fisher's filing might help:
https://drive.google.com/file/d/1SNTJG-C_KQgYCnqdZp9XZg4QCa54iHeS/view?pli=1
We cannot seem to breakthrough $1.56 for some strange weird peculiar odd reason.
Sounds like a verse from Jethro Tull, "Locomotive Breath"
Found it
January 11 Commission Report on 2008 mess
Over a few months all but one person agreed with these findings - putting most of the blame on BANKS
One person has NEVER EVER for a minute taken the blame off F and F --- and I found the name. So if you see an article by him - please advise what he is blaming F and F for this time -- Peter J. Wallison
I am expecting a massive pop today. A Big Gulp from Seven Eleven that is.
I am buying 100-500 shares when I can. I sold a bunch at year end and bought back before the 2nd Lamberth jury trail. The bid has risen significantly over the past month.
I'm sensing some upward movement - bottom must be in - LOAD UP
No one is shorting this trash. It simply is what it is.
Rick…ya da man!
What would this community do without you!
I love your slapstick humor…
You have been entertaining us for many years…
When this is all over, I look forward to have lunch with you for one of your famous Costco hotdogs… of course it’ll be my treat.
Michael
I swapped all my fnma to fmcc not too long ago when the gap between the two was 30 c. Ended up with a lot more shares and managed to average down big time. And bigger fmcc damage reward on the way. Best decision i made since bought and held on 2009.
It's locked in Lamberth's desk, and Sandra stole the key.
Crappy Shortie..
What about my insights and ideas ?
Good morning Real…
I always appreciate your insights and ideas. Thank you so much for sharing them.
Michael
Considering how judge deadbeat has stretched this GSE case for the longest time, I’d say we get news around Halloween like the 2 previous times. Lard azz has been biased and utterly unprofessional thru out the process. Why would gse shareholders expect anything else than 3rd rate.
Fnma
Launch Pad with no fuel ! Lmfao - clowns!
Does anyone have any idea on the appeal of the 8-0 jury trial ? Don’t think it can be a re-trial. Do we know the schedule or progress? Thanks in advance.
Somebody is buying. Maybe it’s shorts
In 2014 Nvidia was around $1.50 or so. Today just printed over $1000. Will we do the same ?
Maybe its semantics - ?
below sentence confuses me
see a large Freddie Mac sized jump in liquidity to buy these off banks
I thought - F and F bought "them (mortgages with collateral documents)" already ---- for cash back to the bank and off we go ....
confused
1. Never - the "loss" (cash outflow) gets reflected in the PPS in the normal market trading
2. Exactly - that is why the GOV only went to ~79.9. I do not know if that 79.9% changes (up) with either a WT execution or SP conversion to common/JPS
Ok let's just come out and say it. In June 2024 the new Freddie Mac buying the home equity loans aka the illiquid market also known as secondary mortgages is about to see a large Freddie Mac sized jump in liquidity to buy these off banks to get them giving them out again on the condition that Freddie Mac also bought the original mortgage loan. After that Freddie will securitize these "secondary mortgages" and sell them off to investors. What to make of that? 1. Fannie will follow but since the market is small and illquid to begin so Freddie being the smaller sister company makes sense. But when they begin next month with Freddie Mac (est date) Fannie will follow and there will be more revenue to both make faster MBS out of the first mortgages purchased off banks lenders and some non-bank lenders and then also on the secondary market with all of these securities making the re-capitalization goal achieved much sooner than originally thought because selling the securities of the second half bundled loans will reap more profits than expected with only using the first level origination of mortgages to buy - securitize - profit.. Just a thing to watch for.
Not sure of JPM, but Vanguard stopped all OTC transactions except selling after the time of the cutoff date. I couldn’t buy back my common as I had sold with intention of buying back and missed getting back in before the cutoff date. Still own preferred there though.
No SPS LP will ever be cancelled or written off.
Mr. Pro Se is repeating the mantra from his colleague Bryndon Fisher, the cattle market-style negotiator (and we will throw in some goats!).
The SPS LP corresponding to the draws from UST (1:1 increase) has been paid off through December 2013 in Freddie Mac and December 2014 in Fannie Mae, with the assessments sent to UST under the guise of dividends, as per the U.S. Code 4614(e) and the supplemental CFR 1237.12.
With respect to Trump's SPS LP increased for free initiated in December 2017 jointly with Mel Watt, it isn't necessary to do anything because, although illegally (Financial Statement fraud), they don't appear on the Balance Sheet, which bodes well for the assertion that, under the law, they are officially declared "a joke", with no intention to ever stay: a capital distribution #1 restricted, they have been used solely to hold the Common Equity in escrow, which upholds the FHFA-C's Rehab power (restore soundness and solvency).
Everything, under an authority of FHFA to "take any action authorized by this section,....", such as a Separate Account plan, and the opportunity it spotted to beat up the shareholders of private corporations, just because it isn't included "to act in the best interests of the shareholders" in its mandate, typical in a Conservatorship to turn everything around, which was translated into "actions against the shareholders". Good for you!
It isn't the same. Primarily, with your stance, FnF would have to pay Income Tax on that amount. Secondly, you are asking for debt forgiveness, because you don't tell us how the SPS LP has been repaid. You just see that the amount sent to UST is higher than the principal of the SPS and, done! The UST has been repaid as if by magic.
You are attempting to shelter all the crooked litigants that have covered up many statutory provisions, beginning with the Restriction on Capital Distributions and the original UST backup of the enterprises at rates similar to Treasuries in exchange for their old Public Mission related to secondary market operations -MBSs- (no subsidized guarantee fee anymore), never Special Assistance functions that were kept by Ginnie Mae when it was spun off from Fannie Mae in its Privatization in 1968.
The crooked litigants that, in turn, are instrumentalities of the hedge funds.
The $4.8B in punitive damages against those peddling the government theft story, will clear things up.
Curiously enough, after multiple felonies have been committed deliberately, the Fanniegate attorneys are accused of sheltering the fraudsters, cover-ups, become instrumentalities of others, and also accused of, as only defense strategy, rely on judges and social media lobbyists to change the fate, which is exactly what the Trump attorneys are accused of too, in the Florida case, related to taking Agency confidential documents with him at the end of his tenure.
They are cut from the same pattern.
By the way, this looks like a response addressed to you.
And, the key: the FHFA-C's Incidental Power wraps all up: "Any action", such as a Separate Account plan.@FSCDems @FinancialCmte
— Conservatives against Trump (@CarlosVignote) May 22, 2024
The Net Worth dividend was a Common Equity Sweep.
The Comprehensive Income is swept (Net Income + OCI).
Which are accumulated in the Accumulated Retained Earnings account and the AOCI, respectively.
Both accounts are Common Equity. It belongs exclusively to the common shareholders.
This is why the NWS dividend was a Common Equity Sweep. Just like today's NWS 2.0 (SPS LP increases in the same amount as the Comprehensive Income in the period or Net Worth increase. Then, on the Balance Sheet there is an offset that makes the SPS substitute the Common Equity in the Net Worth. Hence, the same Common Equity is swept as seen before. Although, due to ST's Financial Statement fraud, this effect is being concealed to peddle the lie: "FnF continue to build capital through Retained Earnings" by Bill Ackman, his clerk Bradford and the very Sandra Thompson in Congress).
The SPS only has a legal claim on its stated value (Liquidation Preference).
If you want to say that today's Net Worth is below the value of the SPS LP outstanding, say it, but don't mess around with what was swept to UST.
Guido/Pagliara, scheming all day! Sandra Thompson to the FDIC, etc.
BOOM. Dividends are recorded as Changes in Equity.
As per the definition of this financial concept: a distribution of Earnings and Retained Earnings is Common Equity for the CET1 that has to meet the capital requirements.
They aren't interest payments (expenses result of operations) without restrictions.
Freddie Mac during the NWS dividend.
This is why there are Payout ratios (percentage of Net Income that can be paid out) that limit the amount that can be distributed to the Equity holders as dividend, that is an addition to the overall restriction when a financial company is undercapitalized.
Capital Rule ERCF:
We are talking about dividend payments that have been paid out when there is Accumulated Deficit Retained Earnings account, evidence in itself of Separate Account, as you can't distribute what you don't have, which is different from using this account to charge the annual losses, when it can have a negative balance (deficit).
They were assessments sent to UST in the form of capital distributions. No actual dividend was ever paid by any stretch of the imagination.
FHFA's Wall Street law firm: "Dividend obligation" in an attempt to turn dividends into interest payments. That doesn't exist in this world.
Restricted and unavailable funds for distribution.
Cumulative dividend as per the original rate similar to UST (0.5% spread) in the Charter Act: it's netted out with the interests on the $152B owed to FnF.
Fight, Fight, Fight against this
Immoral, Unethical and Corrupt
Conservatorship of Fannie Mae and Freddie Mac
if true that jpm only will allow you to sell but not buy, it is very very good news. they want people to just sell and market maker buys it back for the special interest or warren buffet or government whoever.
your authenticty is doubtful, you just created this account with very first post but showing us that you know everything posted here and many of the contributors. we have seen many like you. i am not interested in an explanation on why this is your first post, there are lot of intelligent ones here to figure it out
Hi. It looks like a dipshit has created a sock account today and posting nonsense statements...
Need to try harder idiot.
yes - it is not the usual LV --- it is a borrowed word to have a place to increase the GOV investment as th # of SR PFD shares never changes and they do not trade. So The GOV needed a "counter" and they call it LV
And the Senior Preferred --- are not typical Preferred as they can put the money invested onto F and F at will (thus the investment is also an obligation for F and F that weighs down net real capital)
This is a mess and we are being taken. And for sure the terminology from Wall Street does not fit correctly to this unique steal
"GOV can do that say the full LP is due as an obligation"
Then it's not a liquidation preference. The LP should only matter or become due if the GSEs are being liquidated, which I find highly unlikely. The SPS LP would have the highest priority and be paid first from the liquidated equity.
The REAL problem is the dividends based on the LP amount, which could result in a sweep of all or a vast majority of the future income. It will be the greatest return on investment in the history of investments. Nationalization without ownership. The gift that keeps on giving.
Hi. It looks like JPM Chase has just stopped allowing clients to buy FNMA/FMCC. I know Robinhood and Vanguard did that a couple years ago. These bans add downward pressure to the stocks. Does anyone know what causes these decisions?
Also, thanks to everyone sharing information and views and also those people doing something to spread awareness of FNMA/FMCC- Navycmdr, Guido, Bradford, Ace Trader, KThompson, Wise Man, etc.. The information and open debate is really helpful. I have a couple other questions if anyone on the board has answers -
1. At what point do short traders have to put aside money to pay their share of the Lamberth ruling? FNMA already put it on their annual report, but I wonder if/when others have to do it and how much it would be.
2. What happens if the government is found to have actually nationalized FnF? Wouldn't the $8 trillion FnF debt have to show up on the federal debt and cause the US gov credit rating to go down and interest rates to go up? Are fed bondholders also getting a raw deal by having this debt kept off the fed books?
Thanks again.
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