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neo - what you gonna say when someone posts the link
Here's what Calabria said before he was appointed Director of FHFA:
The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles http://t.co/ujWQYLPiFI
— Mark Calabria (@MarkCalabria) February 9, 2015
mentioned in Calabria's book and nowhere else ... you ought to know better than to respond to donotunderstand by now ... the most apt name on this board
The $125b is existing current net worth, not spspa related. This is from retained earnings
"some one posted an official page (a report or SEC or ?) with the footnote from Calabria or maybe Mnuchin - illegal to write down"
I'd love to see this footnote if anyone has a reference. I've been trying to find anything supporting the "illegality" theory and cannot find anything.
I once got stuck between the moon and New York City. I know it's crazy but it's true. The best that I could do was to slap the ASK.
Is it booked as DEBT or Senior PFD equity ? The GOV has always called this equity - an investment not a loan or debt
I do not know the accounting. But, as I understand it - Treasury can "force push this paper" on F and F making F and F have to pay the GOV back their investment (anyone?? - this is not typical Senior Preferred - it is defined in various unique documents)
As such the investment and added LP dollar IOUS - hang over F and F as a probable (at some point eventual) use of cash (when GOV demands to be called out of the Senior paper - traded if you will - cash for extinguishing the paper)
With this "cash use overhand" ---- a NET NET count of capital at F and F takes the (supposed or declared) reserves and subtracts the LP --- which takes us to negative land
Kill that potential for GOV to ask to be "bought out" --- kill the expected pay back to GOV to extinguish the Sr Preferred Pape --- and THEN the capital that F and F have ---- is golden and real for the first time (all the original is gone and all the IOUS in the LP disappear but F and F keep their cash)
Anyone --- show me the correct way to say this - which in its message I believe is accurate
When you pay off your debt, the debt no longer exists. Nevertheless, your personal balance sheet will look better afterwards
This article shouldn't be considered a political post. It just discusses what was/is being done by two different administrations to release Fannie Mae from conservatorship.
https://www.americanactionforum.org/insight/comparing-trump-and-biden-administration-policy-housing/
What goes down must go up
Fannie Mae all the way
Is ST gone yet?
any news on that?
Can't wait for both ST and Yellen to be gone.
go FnF
That doesn’t make sense. Something that no longer exists (SPS in this case being presumed written off) can not count as equity.
Fannie Mae has recruiters looking for Finance Data Analysts to develop SME in QRM and to pull back data sets / create user documentation to prepare for audits - they'll do remote as well
Nice to see the bid on the variable 50s go up!
If he's still associated with the snake-in -the-grass, he probably needs to be in concrete.
Traders and market players with real money to throw around know perfectly well how and when to manipulate this stock. It's happened repeatedly throughout the life cycle this trade with legal decisions, congressional mouthings, and the election cycle. So it WILL become a Trump trade if he is somehow NOT eliminated as a candidate.
How high can the manipulators take it? Well, hit an intraday high of $5 on Trump's first go around, it may definitely go higher based on a few new elements at this point: "retained" capital levels, most court cases decided, Lamberth decision, not killed yet and most likely not killed, blah blah blah, etc. But rest assured without real activity from Congress, FHFA, UST, or the courts, however high the manipulators take this be prepared for them to pull the rug out from under it at any time.
Could it go to $6? $7? without any real news? ... who knows, but you can bet heavy profit-taking and selling driving it back down without any real news on a compromise or a solution. Congress, UST, and FHFA will NOT let the market price dictate their actions towards a solution.
Otting is now the president of the New York bank that Mnuchin just took over.
the whole seperate account , secret account, on president's desk is so fascinating. lol.
he won't know, too strong of meds
I do not see that high ---- as since then some court cases have gone against us --- but who knows - that would help
I am satisfied - as said many times with $20-$30 and it is over . At same time moving from current PPS to 4-5 (say on a DJT expectation expectation) would be nice - and maybe at 4 - I will unload some - as the same exact historical context showed that once that expectation proved 100% false it fell and fell
YES
YES
and I want that !!
yet - some one posted an official page (a report or SEC or ?) with the footnote from Calabria or maybe Mnuchin - illegal to write down
To me - it is legal . Why? This SP and LP is seriously unique and just as GOV has changed the rules over and over ( NWS - keep cash - write IOUs - etc.) -- they (Executive Branch - Treasury or POTUS) can change them again and --- IMO BECAUSE 300B WAS SENT TO GOV - - they can be considered paid
"Can we have Mr. Otting back ?"
Otting broke ranks and gave the impression he was going to help the shareholders. He is somewhere unknown, encased in concrete.
it should already be at least 4 way before today, any non FFFhoney Preferred lover/commons hater can understand, this is worth more than anyone like Ackman has calculated years ago. the earning have been coming in heavily for years after He calculated 15 to 20 something. its a diamond in the rough that that Treasury and FHFA dont want to admit that they smashed a huge diamond into little cash cows but are still diamonds if you followed the laws.
It’s hidden underneath the porch at big Dane’s house
Big Dane has killed many men looking for the secret treasure
Jim Carrey almost found the treasure in an abandoned “hoo-ha” in the “Dumb and Dumber” remake
To no avail, onward we search.
Buying Frenzy Stampede on the Horizon
Run Fannie Run
Charge Freddie Charge
FFF
how high do you think F and F can go --- without clarity on the LP/SP ??
Do we or do we not - have an obligation of some sort to pay out 200B
Until that is settled (which IMO does NOT require freedom or relisting or ...) we are a traders punching bag
HAS ANYONE ---- even one ? - gone to court o this bullett issue !!
I am not sure i agree but that does not matter at all
F and F have paid - 250-300 B in cash (someone with exact #?)
To the best of my knowledge - every penny has been DEEMED and BOOKED as a dividend - be it the 10% or the NWS higher level some quarters
If that was illegal - what ever illegal means with our courts and F and F ---- then TODAY --- I mean TODAY F and F are free
But it requires some one with money - who agrees with the rationale to bring a case -- or its words on IH
What 12 people?
More info please
SCOTUS only has 9
Tia
I and my other 35 pro se aliases don’t understand you. Maybe ask someone to help you compose your posts so they make sense to anyone other than yourself. From the evidence I can find, the only separate accounts have been that Treasury used Tarp funds in an illegal “separate account” to provide the “commitment” in the SPSPA. While they purchased billions worth of MBS on the secondary market to help their banking buddies. The whole Conservator charades purpose has been to cover up those other super secret separate accounts while hiding the evidence behind national security and executive privilege.
Do we test 1.99 soon or back to 1.49 “whack a mole” time again.
Go FnF
There is no secret account. It is a malicious lie propogated by carlos vignote
Anyone know what off-shore account the Secret Plan account is held?
(Asking for a friend)
What time zone do you live in? You pretty much post from 12am to 6am Eastern daily. I have a feeling you are trolling us from Europe somewhere
Can we have Mr. Otting back ?
THE SEPARATE ACCOUNT PLAN WAS PURSUED DELIBERATELY.
Not just the very moment that Calabria and Pelosi with HERA enacted a homonymous second UST backup of FnF, inserting it in the Charter Act just below the original one, without including it as an exception to the Fee Limitation of the United States, but also deliberately enacted regulation for a follow-on plan with "the supplemental" CFR 1237.12 that (c) supplements and shall not replace or affect any other restriction on capital distributions by statute (U.S. Code 4614(c)).
Mnuchin and Calabria/Watt deliberately chose another capital distribution restricted as compensation to UST, making clear that the dividend to UST was eliminated to all effects,
which is the condition required to be considered capital distribution (#1 in its statutory definition).
WATT'S 2018 PROPOSED CAPITAL RULE, REBUFFED
— Conservatives against Trump (@CarlosVignote) May 16, 2024
2020 re-proposal:
▪️Total Capital=8% of RWA
Watt's =5%+Going-Concern Buffer +DTA (=8%)
Additions:
▪️Tier1=6% RWA
▪️CET1=4.5% RWA
▪️Leverage ratios(ATA)
All Basel-framework(🇺🇸banks too)required by UST in 2011 for the release👇#Fanniegate https://t.co/YTprilk9hw pic.twitter.com/yj2GuadwJv
(*)"with only $132B" refers to their Net Worth.
This bullet from a recently released investment bank plan would disagree with your point here.
• In the event that the Senior Preferred Stock liquidation preference was reduced to zero (whether via write-down or equitization),
the full $125+bn of combined total equity could count as Tier 1 capital
Why will he listen to the pleadings or requests of a Republican senator to fire FDIC head?
Senator John Kennedy called on Biden today to fire the current FDIC chairman ...
https://www.kennedy.senate.gov/public/press-releases?id=CD06EF68-4B13-45AD-B57D-F17A450CD381
Come closing bell this Friday :
FNMA closes at $1.83
FMCC closes at $1.68
Rome wasn't built in a day
Would FDIC chair also be replaced like FHFA head if there is a change of regime?
I would assume the answer is NO. So its possibly jumping the ship using your connections before the axe falls
But to answer your question, that may not be the reason for the rise though.. Doesnt add up
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