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Give me your name in a Private Message I'll give you mine. I'll wage a good six figures in cash that we can put into escrow for a 5 year period after ending the conservatorship by 2025 that it will pass $325. That's nothing for you right? Won't cost me much I'll miss but it's enough to say I'll do this with you privately. I can bet over $325. Won't be right away. But it will be in play. I'll keep it to a short 5 years too- try to give you a good chance.
Actually yeah - that's exactly what will happen. Because Ackman, Paulson, Icahn are all people who have been supportive of Trump - Ackman even raising money for GOP with Trump possible VP Tim Scott, Paulson being the guy Trump mentioned in NH primary victory speech as his Treasury pick potentially and also Paulson his original Wall St support in 2016 and set a one day record hosting a Trump 2024 fundraiser. Icahn a friend of Trump. You really are stupid thinking you can just think the Treasury can screw over people for making a great play. You're also an idiot to think even if there's 200 or so regulars here that relative to the nation that's a large number of people who would get "windfall" as most of the United States - a good 99%+ have zero idea what Fannie Mae is and if they know of it no clue how it works. Moron.
The SPS aren't in Separate Account, plaintiff Joshua Angel.
The Separate Account is where the capital distributions under the guise of cash dividend payments have been deposited for the redemption of the SPS (a capital distribution #2, but it has an exception in the Restriction on Capital Distributions, U.S. Code §4614(e)) similar to the SEPARATE ACCOUNT FOR THE PAYMENT OF PRINCIPAL OF THE REFCORP OBLIGATION statutory provision in the 1989 bailout of the FHLBanks (Source)
A provision inserted in the FHEFSSA in this Chapter of HERA:
All the Preferred Stocks are redeemable at the option of the issuer by definition, and the repayment of the taxpayer's assistance is another Prompt Corrective Action, that is, first thing to do in layman's terms.
And then, once they were fully redeemed, FHFA's DeMarco had already enacted "the supplemental" in July 20, 2011, to use this separate account for the recapitalization with the same trick of using the exceptions in the plan of deception (CFR 1237.12).
This amount ($110B SPS overpayment) that aims "to meet the minimum capital level and Risk-based capital requirement" (Exception 1 in the Restriction on Capital Distributions. Also 2, 3 and 4 as it "(c) supplements and shall not replace or affect the one by statute" posted before that is meant for the recapitalization too) along with the PLMBS settlement and the illegal CRT expenses, net (Charter-unauthorized in the Credit Enhancement clause), are assumed that have been reinvested in "zero coupon Treasuries" like the FHLBanks did, and this is why we are requesting interest payments on the $152B owed to FnF. This amount due is netted out with the cumulative dividend on SPS that FnF owe to the Treasury (estimated at a weighted-average 1.8% rate) in its 5- and 6-year investments in Freddie Mac and Fannie Mae, respectively.
The hedge fund manager Donald Trump's plan with the 3rd phase, currently in place, is about the SPS LP increased for free considered a joke. Another capital distribution restricted (#1), they were never meant to stay, with the evidence that they are already missing on the Balance Sheets (Financial Statement fraud though).
Only the layman plaintiff Joshua Angel would say that it's in a SEPARATE ACCOUNT precisely the only thing that it's not: the gifted SPS. They are illegally absent from the balance sheet, so that Bill Ackman and ST in congress, can repeat the lie: "FnF continue to build capital through retained earnings".
Sandra Thompson in charge of Financial Analysis since she arrived at the FHFA in March 2013 as Deputy Director.
Also, Regulatory Policy: Critical Capital level absent from the ERCF.
Capital Policy: Adjusted $402B core capital shortfall over minimum Leverage capital requirement. A Separate Account behind. She is now obsessed in attempting to pass the Net Worth off as the capital that has to meet the capital requirements, as seen in her written testimony to the Senate one month ago. Also, as seen with how FnF calculate the capital metrics beginning with the Net Worth and subtracting the SPS, instead of the sum of their components, attempting to conceal also the Accumulated Deficit Retained Earnings account deep red (Also in her job in charge of Financial Analysis).
We don't need more laymen playing the fool and wearing diapers in this board. The Diapers Gang says that the SPS will "diaper", which is "disappear" in layman's terms.
Yep, Pat the government can do pretty much whatever they want.
The SPS are redeemed, not converted to Cs. Hello?
'Thank you' notes from other plaintiff, won't save him.
Thanks Rodney. If you look at page 59 you will see that the SPS are listed as 120 billion of liability and equity. I don’t know what that means. I do know that the LP is factored correctly in footnote 15. Here the proper accounting under the statutorily required regulatory capital rules of the Safety and Soundness act of 1992 is done. Not GAAP. It is shown here, using very poorly worded sentences, to result in a shortfall of greater than 200 billion. So much for a positive net worth. If you read this footnote they say something to the effect that “awh man, Do we have to follow this law? but but If we use GAAP we can show a 80 billion positive net worth”. Therefore as wiseman has been saying, the LP is legally and properly accounted for in a distant footnote far removed from the make believe consolidated balance sheet. Financial statement fraud at its finest brought to you by our helpful friends from the government running our companies for us.
You are dreaming every week something or the other. One week may be it will become true but not this dream or this week
Biden may release GSE to give new product to homeowners
R is smelling release & recap next week & hence on last day before week off they are trying to oppose FMCC new product under Cship.
They are currently waived until 2028
Changing/waiving any capital requirements here requires an actual act of Congress and the President's signature. That isn't likely to happen in this environment. Look to AIG, not a utility in California.
Republicans r as much corrupt if not more than https://t.co/yA0Cfn0USy was under Bush when they started the scam&Obama just seized opportunity2rob them since Corker wanted GSE gone.Under Trump nothing was✅bc he hired2many🏦swamp&here we’re16years later&gov still robs them blind
— Eva Gama (@EvaG6068) May 25, 2024
Personally I sized in when Berko was tax loss selling and sold half for 150%. Still at 80% commons 20% preferred.
In my opinion this is not a typical restructuring. This is highly regulated capital. Look to entities like Utilities in CA - the state has temporarily waived capital requirements so the companies can pay off wildfire litigation liabilities, for example. It's all about the ultimate stability of operations. If all the lawsuits are fruitless 2028 release not off the table.
“ What is the current LP of the SPS? Is that total LP reflected on the balance sheet?”
Page 59 Senior Preferred Stock Liquidation Preference $199,181 in billions
Link: https://www.fanniemae.com/media/51196/display
If this is released in the next few years, we'll find out who's wearing swim shorts when the tide goes out. $325/share LMAO
Like we’re going to assign some level of credibility to a freakin board poster whose aliass is “the man with no name”
Kt,
Thanks for replies. Can you educate me on the following? What is the current LP of the SPS? Is that total LP reflected on the balance sheet? If I were to look at the 10K or another official financial statement, where would the total LP be listed? I thought the LP has never been paid down. Still owe the original 200 billion borrowed. So isn’t the total like some astronomical number hundreds of billions and growing every quarter? If it is on the balance sheet why wouldn’t there be a negative net worth? If it is not on the balance sheet, is it a real liability? Is it fake? What is it exactly? Why do we need a cram down or even acknowledge it if isn’t on the balance sheet of the GSE’s? If it is not reflected on GSE balance sheet then would that not be financial fraud? Or has Wise Man been correct all along and it is in a separate account not reflected on the balance sheet? Thanks for any potential replies.
Because I've been an insider in multiple capital reorganizations and not once, ever, in the history of reorganizations that I know or been a part of, has the entity at the heap of the pile with all the leverage and the most to gain just said, "screw it, you fellas without priority in the waterfall, ya'll just take our billions and we'll walk out for nothing".
It's stupid to think Treasury will become a charity after all they've done. They will not walk away from $193 billion dollars in value. They will use it in the most advantageous way possible. Can you imagine the political shitshow if they just said "we just flushed $193 billion down the toilet and people who bought common shares for pennies get a windfall"?
I can't read this other poster for a reason
they have never been right
so don't listen to whatever it is
how can you be so sure
It’s like grade school kids behaving badly
Except no one corrects them to be better
It’s lord of the flies
This policy of rejecting everything done by the other is effin ridiculous. The parties shd be dealt a lesson and we elect 3rd party everywhere. Then only the country will have a chance
"We will never be released coz of this shitty politicians"
they well know how to make money in stock market for themselves. pelosi is famous for it, djt stock, remaswamy making in buzzfeed, mnuchin in ny bank, now pumping crypto for campaign donations
As long as we exist In a two party system, A will reject Bs ideas and B will reject As ideas. We will never be released coz of this shitty politicians
Freddie Mac’s proposal to buy second mortgages puts American taxpayer dollars and the U.S. housing market at risk.
— U.S. Senate Banking Committee GOP (@BankingGOP) May 24, 2024
@SenatorTimScott, @SenatorHagerty, & their colleagues called on @FHFA to reject this misguided and hastily executed proposal. pic.twitter.com/otp18sKTbv
wendy’s jr bacon cheeseburger for 1 cent,
wendy's $3 combo breakfast
burger king free hamburger if you spend $0.70
$5 mcdonald meal
$5 burger meal
so i got a french fry for close to $5. how are they affording these $5 meal? who whispered and said please do it, we need inflation numbers down just for few months, and then you can fok the consumers after nov 5, we have experience doing it through gse’s. let’s release millions of oil barrel for a month and dupe them. they keep causing more inflation with almost 200 billion in tuition despite scotus ruling and flooding the market with money. and on other other hand , took 529 and retirement down from $1500 to $0.40 over last 16 years when other companies making similar money are 2 trillion dollar companies. sick. isn’t it?
wonder if he has been unleashed from fhfa to mislead everyone. they probably have someone to do damage control
It will help about as much as all his past ones have.
It should be obvious by now that the judicial path to getting the conservatorships resolved is basically closed off now. All non-monetary relief claims have been dismissed, as have all monetary relief claims seeking payment by the government. The only claim to succeed involves the companies paying money to the shareholders.
The January 2021 letter agreement acknowledged that release from conservatorship can't happen while there is significant litigation outstanding. That means Bryndon Fisher is actually hurting the recap/release cause by continuing to fight. But once his en banc appeal is denied and SCOTUS puts one final nail in the coffin, his case will finally be dead and we can move on.
Gabby and I are getting hitched. That’s about all the big news we have around here in these neck of the woods I reckon. Later on tonight get some chow.
Is there news or an important court date coming up? Both commons and JPS are doing really well. JPS variable rate 50 bids are at $6. 🤩
Hang On - Hold for the Gold
Load up and Raise the Ask
https://groups.google.com/g/fannie-and-freddie-preferreds/c/MqM3OJklPts
Commons up, Choo Choo moving, some Ps up...🖕🤡🖕...the creek. lets rock commons 2,3,4,5 to a theatre near you. 🚀🚀🚀🚀...
Mongo
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