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Why would you even respond to him?
The difference with Amelia is that I sold at a profit. A second difference might be that I sold at a temporary high in the JPS.
When I say void, I am referring to my prior reasoning in multiple posts.
The current arrangement of LP on the Seniors that increases dollar for dollar of net-worth is just a NWS part 2.
The SPSPA has been found by the DC courts to violate common contract law.
I believe that should the verdict stand, there is now the ability for injuntive relief based on the terms of the SPSPA itself. I don’t think the agreement will withstand any attempt to collect on the LP or warrants should there be a new lawsuit from any shareholder in any district court just by filing a little tucker act claim for illegal exaction
A recollection of a conversation from years prior, where someone said something and it gets positioned as Treasury said or did something official, when in fact it is nothing more than hearsay.
So.... Just because something is written in an article or a book doesn't mean it's a fact? Got it.
At no point did I claim that I intended to sue anybody.
The current sweep of the profits is into the LP.
It would follow a similar logical argument that the action does not allow the shareholders to realize the benefits of their shareholder agreement.
Possibly more so than a cash sweep because the LP sweep means they need to pay down the LP being taken (same amount as cash sweep), PLUS also paying 10% dividends on the LP amount or the entirety of the increase in net worth until they can pay it off.
In general, the government cannot be sued unless they let you. So yes, FHFA and Treasury have operated with impunity and the GSEs as private entities are the ones that have been targeted.
This shines the light on the behavior of the FHFA acting on behalf of the GSEs. It's not complicated.
Only if it's challenged proactively, which I think is very remote. Requested remedy would be preliminary injunction so that the ownership of the equity could be challenged prior to new shares being created and possibly sold to other owners.
Now a blunt question for you: What difference does it make to Treasury to take 92%, 22% or 2% of the GSE equity? What motivation do they have to engage in profiteering on the GSE draws that the taxpayer has already received a +10% return on?
Because it's not their companies or property to limit.
And, as Collins explains, HERA gave the FHFA
very broad authority, as conservator, to act in ways that
are not in the best interests of the Enterprises. Collins,
141 S. Ct. at 1776. As of at least 2008, then, the Enter-
prises lost their right to exclude the government from their
property, including their net worth. They also lost the
right to complain if and when the FHFA chose to elevate
its interests, and the interests of the public, above the in-
terests of the Enterprises. Without this right to exclude,
the Enterprises lack any cognizable property interest on
which Barrett may base a derivative Fifth Amendment
takings claim.
Why? I've already answered that. Because YOU ARE THE ONE calling people hypocrites while using the EXACT same logical fallacies you are calling them out on.
Others: The stock traded at $60 prior to conservatorship. FACT.
Others: Trump is the best hope to release the twins. OPINION
You: Treasury took a 92% stake in AIG. FACT
You: Treasury does not fear any lawsuits. OPINION
We are all in the dark. You seem to think you are the light of truth. I assure you, you are not.
Apparently you are just incapable of understanding my point so I'm going to give up trying to explain it to you.
I'll just call you a hypocrite like you do to others.
Mission Accomplished - Fannie's at $1.53 as we speaketh
Oh wow. Massive volume surge on deck. Ready the rocket thrusters Captain TightCoil. Next stop da moon. On deck $1.60 fast approaching. Please dress appropriately. The atmosphere on the moon is not that great.
I will go down w the ship mostly if needed but needed a good vent once in a while :)
help
anyone
what case is that ?
derivative case? (filed as shareholders subsumed by FHFA ??? what makes it derivative)
They now build capital that can be erased - to zero and worse - with a Treasury decision
i.e. they do not
Yer Gov will change the rules and allow the NWS to start again or something like that to Robb us blind.
We need to breakthrough $1.52 today then clear skies. Dr. TightCoil what is our vector ? Do we have clearance from Clarence ? Shirley this can be accomplished during power hour.
Can one or both of the gse CEO’s
Say we have more than enough capital now
Just look at what the stress tests show.
Don’t the gse’s have more capital than they ever had before?
Gse’s are politically in prison is why this soap opera continues
Free FnF
Ackman, Hines, Gretchen, etc. it’s time to
Spread the news
Ten quarters from now two of the most profitable companies in the world will achieve overall combined net worth of $200 billion! This is how close that we are to finally putting this saga behind us with minimal dilution! GLTA!!
The next 6 months are going to be a WILD ride🚀
Mark This Posting
Fannie and Freddie are getting ready to
BREAK OUT - BIG TIME - PACK 'EM IN
BEFORE THE BUYER FRENZY STAMPEDE
Hi EternalPatience, I am glad you didn't give up and sell after reading your posts last night. ;)
GLTU
dividend? they don't even want to honor unanimous jury verdict, as they are above the law. they have caused many to die without seeing their retirement, took money away from 529 tuition over last 16 years while other companies market cap has become over 2 trillion. $1500 down to $0.40. lost hope, forget about dividends.
Non-Interest MF Income Drives Freddie 1Q24 Profits
dhollier at Inside Mortgage Finance
It’s not often that multifamily plays a key role in the profitability of the government-sponsored enterprises. However, in its first-quarter earnings call this morning, Freddie Mac reported a remarkable $1 billion in non-interest income from its multifamily business, a sequential gain of $653 million and up $593 million from a year ago.
Meanwhile, Freddie’s $2.8 billion in consolidated net income was up $771 million from a year ago, though still off $148 million from the fourth quarter.
Net revenues on the single-family side were up $271 million year over year, but down $303 million from the fourth quarter, mostly due to a $259 million decline in non-interest revenue. At the same time, the single-family business posted a $120 million provision for credit losses in the first quarter after a $548 million benefit in the fourth.
That $668 million flip-flop, combined with a $259 drop in single-family non-interest income in the first quarter, drove a 37% sequential decline in net income for the division. It’s worth noting, though, that Freddie’s $1.9 billion in single-family profits in the first quarter were up from about $1.7 billion in 1Q23.
catman also wrote hera. he wants the c ship to last forever, don't be mistaken
Since when, did we start calling half cent a "swing". :). :) :)
If I M trading in millions of shares may be
I was Answering your legit question on why no volume
It can go up 10 cents also on 1000 share volume like the preferred. But that was not your original question though
Combined Net Worth FNMA and FMCC approx. 132.5b
Both companies making big money every QTR.
The half-cent swings when it was at $0.46 is now replaced by .04 swings at $1.50...
Day traders and MM still making money. But the actual owners of the companies, not so much.
Both
This is from catmans ridiculous cap rule changes
5 cents isn’t much, but for this stock at this level, it is
"governments and agencies can remain corrupt much longer than we can remain liquid"
Not to mention longer than we can remain in solid corporeal form. 😪
You Enjoy taunting "SammyBoy"?
Lack of interest
Lack of progress
Lack of clarity
just for Fannie or both?
I think it’s 150 billion to get a consent decree release
250 billion for normal dividends
Can anyone confirm the real numbers ?
Tia
So how much capital do they need before they can start dividend even minimum?
So what’s the combined cap for both gse’s?
130 billion?
Tia
The govt crooks must be noticing how big the cookie jar is now
just toying around with llama2 - AI model
Bryndon Fisher already filed an appeal with a Derivative Takings case (on behalf of FnF) after insisting to judge Sweeney, because it could only appeal the lead plaintiff (Fairholme) and not the 11 related cases. But he loves to be in the spotlight.
Then, the same claim was appealed to the Supreme Court with Andrew Barrett individually (Fairholme plaintiffs).
Everything denied, because Justice Alito already said that necessarily, there is a Separate Account plan for the rehabilitation of FnF, if you know what that means.
Anyway, this unsophisticated lawyer still doesn't understand that a Direct claim and a Derivative claim are, in essence, the same claim. Because what is swept is the Common Equity that belongs to the common shareholders.
INCOME STATEMENT
Net Income of FnF
+Other Comprehensive Income (OCI)
= Comprehensive Income (Net Worth increase), is the amount of SPS LP increased for free.
BALANCE SHEET: the quarterly numbers of the Income Statement posted before, are Accumulated here for the picture of the company.
Accumulated Retained Earnings account
Accumulated Other Comprehensive Income (AOCI)
Both are used to calculate the Common Equity, also known as the Book Value of a company that belongs to the Commons:
+Common Stock par value
-Treasury Stock (stock buybacks)
+Additional Paid-In Capital
+Accumulated Retained Earnings account
+AOCI
We see how the Common Equity is swept to the Treasury, when the Common Equity generated in the quarter is substituted for SPS in the Net Worth.
The figure of Net Worth under GAAP doesn't change.
Seeking Alpha, Yahoo and others don't tell us how they calculate their ridiculous estimates. Here's an article that says how it should be calculated. I exclude warrants from my calculations because warrants issued by one govt agency to another is a fraud.
https://corporatefinanceinstitute.com/resources/valuation/earnings-per-share-eps-formula/#:~:text=Since%20outstanding%20shares%20can%20change%20over%20time%2C%20analysts,that%20can%20affect%20total%20shares%20outstanding%20when%20exercised.
Another question for the accounting knowledgeable people.
If the warrants have not been exercised, why is the price per share earnings calculated as it includes that number of shares?
Fannie and Freddie warmin' up in the paddock
as we speaketh
Freddie made .52 more per share than Fannie! This is why the majority of my shares are in Freddie. I still keep 18 percent of my shares in Fannie. GLTA!!
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
Who's the author?
FMCC - Net Income up 39% YOY
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