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.
in a curious way - even though the case is only tangential - this is a favorable outcome
big loss for the crypto people claiming these agencies shouldn't exist at all
I assume you had an index or normal core large US stock mutual fund or 5 and other stocks
I have lost many a speculative effort (MIPS WAMU FNMA NKLA..)
I have made money on GM Debt and Sears Debt (bought at huge huge discounts and they paid off at PAR when all was done or in case of SEARS sold a ton of RE)
yet - after I had a kid - around 1983 - spec was never more than 5% of my equity holdings which sat in deferred accounts 98% equity overall - but along side say 10% or more in high savings accounts - MMs - online banks - and for those who bought them - ASSOCIATES paper
(note buying distressed beat up hated debt was IMO -- investing in EQUITY for risk)
hhmm
maybe ?
funding is legal - has footing in constitution and Congressional Law
agency is legal - has footing in constitution and Congressional Law
what is illegal and without constitutional grounding
the process of POTUS not able to remove the head of an Executive Branch agency - where such agency is NOT overseen by a major credible panel or committee by legislation
that is my read - GUESS
Thank you no name. Your right. Mental block on my part. By the way. The mini-kt was in reference to how you tend to comment on my comments to KT usually with a reference to his signature page about lawsuits. No offense intended. I like kt perspective. He is a realist, I agree with both him and you that the gov can and will do whatever they are going to do. But I do feel that just because they can, have, and will do what they want, doesnt mean shareholders shouldn’t explore what the law actually says they should do. Discussion is good. I got into this investment as a binary all or nothing trade back in 2013. It is an investment in the future of our country. If legacy shareholders make out in the end it will be because we have maintained a Democratic Republic with a crony capitalist economy. If legacy shareholders are wiped out it means our country has turned tyrannical, call it what you want communist, socialist whatever. The equitable needs of the state will outway the needs of the individual. We can enjoy our new wallet of CBDCs with negative interest rates and social credit scores. We can enjoy our 45% capital gains tax to make sure that equity reigns supreme. So, for me it has always been a political trade.
hhmm - I might spin a different way --- as it seems ALL is spin to most audiences who disagree
This stock is an investment of the United States Govt, the POS Obama made that clear. The Conservatorship is in Temporary Indefinite status,
1. The GRAB - the STEAL - the lie that it was super temporary and NEEDED - was R - Bush and Paulson
2. Then under BO - no freedom and indeed the NWS --- which was a taking of the took - IMO
3. Then DJT and Mnuchin and Sessions and Barr did nothing for four years (spare me excuses) - but did burden equity by placing say a 2X too high capital reserve requirement on F and F
4. Then JOE has ignored them
Can someone explain to me, why we are on the hook for and why are we concern with Liquidation Preference. As I look at it, the basic meaning of the Liquidation Preference is that incase of a receivership the Governrats have priority/ preference of the asset liquidation. So, unless there is a receivership or BR, F&F will not be liquidated, especially with the strong quarterly earnings. Am I wrong to interpret LP that way?
Interesting ---- Clarence Thomas in the 7 (7-2) and Alito in the 2 (with Gorsuch)
I would swear Thomas and Alito are "together in their decision vote" 99% of the time
inside IRAs (for deferral of taxes) I used to buy B or B+ debt --- WHERE a look up on YAHOO showed that company was making money -- expected to make money - and paying a dividend
if you THEN bought say 7% paper for a 10% discount - the income was more like 7.8% (70 dollars on the $900 paid for the $1000 bond). Then the bond matures - say in 5 years at 1000 and that is another 100 of profit or 2% a year --- now headed (assuming no default) to 10% per year
Ace or KT or
I agree with you there also. However $0.25 is on the very low end if the greedy Gov does convert everything however more likely between $.70 to $2.25. If they don't convert the warrants then yes maybe just maybe around $8 to $12.
HELP
can one of you walk me from .25 or ? to 8 a share common
I think one is a conversion price when and IF JPS is converted - but at the end - given the massive number of common shares --- !!! how does it get to 8 post conversion of the LP $ amount which is so high (I repeat - the WTS are 4:1 and if the earnings hold up - I can see 20 -30 a share post such conversion but that is 4:1 not the massive dilution if SP/LP $ value become common - and equity goes from owning 100% (or 20% with WT exercise) to say 1% ? - to me that suggest (indirectly) the PPS otherwise would be say 800 ?
Completely false statements, GSEs to da moon without P and KTCarneyCorkerCrackers approvals.
"This is analogous to what creditors angle for in bankruptcy reorganizations"
you are a joke. these companies are making money hand and fist. they aren't in bankruptcy. get a real job.
and fannie mae went from $1500 to $0.40
and apple, microsoft, google, all went to several trillion dollar companies during this 16 year fake conservatorship with taking of hard earned retirement and 529
Oh wow. Dow is about to print 40,000.
don't sleep. manipulate like amc gme all night long. shell game like crypto. sick. i thought they had a long list of stocks on otc that brokerages would not allow to trade and charge a fee.
moelis wants to make money in fees by doing a large offering. think about it. last time fannie freddie had nothing when they wanted to raise 180 billion. now they have more than that, so why raise money? but they will , as that is the only way they collect fees. there isn't any need to raise money as we know. also if you forgot, it was paulson who had asked them to put proposal last time and i assume he asked them again this time or they may be putting it forward on their own to be in the market. it is a lot of money in fees. it is a mafia ring and must be defeated.
WoW Indeed! Shorts Should Absolutely Be Terrified Beyond Comprehension…
Back when I followed the GSEs more closely the CFPB structure was very similar to the FHFA and so a win against the CFPB would have been a win against the FHFA. Again, this was back a few years ago and I am currently not up to speed on the legal statuses of issues like this.
I just saw the headline and rushed to post it here.
What are the implications for F & F?
So, the funding structure is legal but the agency is not? Isn't that where we are now?
I predicted $1.49 close today yesterday
Looking like a genius again
Not
lol
This stock is an investment of the United States Govt, the POS Obama made that clear. The Conservatorship is in Temporary Indefinite status, this too was made clear! It is supported by an extremely strong back stop of 35 Trillion in the RED.
Go on home folks as the Great Wizard of Oz said.
Arnold has been trying to give you people sound advice for a long time. It’s time to pay attention!
Sammy
Supreme Court rules Consumer Financial Protection Bureau funding structure is legal
https://www.cnbc.com/2024/05/16/supreme-court-rules-consumer-financial-protection-bureau-funding-structure-is-legal.html
Not sure if this still had any relevance to the GSEs. Either way still isn't good news.
Oh wow. Today would be a nice day to visit the moon.
I liked the no math gse pps valuation. It makes 0.05 cents, I mean 0.05% sense, I mean non sense.
The gse pref malarkey continues, might as well forget all the Billions that the GSEs have accumulated, nationalize and send all the money to Maxine Waters for a big corn roast.
Fnma
So if this plan happens as many here are speculating, the commons will most likely be worth less than a dollar? After decades of conservatorship when the GSEs are finally released and turned back over to the private shareholders, two of the largest financial companies with trillions in assets and the underpinning of the real estate market with a gov backstop will be relegated to trading as a penny stock on the OTC? What am I missing? Can they get back onto a real stock exchange with sub dollar common equity?
There's never been a time better than NOW
to put some Fannie and/or Freddie into your
investment basket, Don't ask why, ask Why Not?
Load Up and Suit Up - And don't look back.
Strong Buy
"Breach of good faith and fair dealings" in the JPS contract is, precisely, what the FHFA-C's Incidental Power is for ("Take any action..."), and you can't complain about it, as long as it doesn't violate the mandate "put FnF in a sound and solvent conditon", that is, the follow-up: "...authorized by this section", concealed by judge Sweeney in her ruling when she just read "Take any action", but judge Willett (5th Cir.) rebuffed her, stressing: "any action within the enumerated powers" in his half-baked ruling because he didn't specify the powers, which was left to Justice Alito (both synced in), who started out his sentence with "Rehabilitate FnF" (from day one. Not now forgiving the SPS debentures accumulated), knowing that, the FHFA-C's Power, with soundness and solvency in a financial company, it refers to the Capital levels, as per the definitions in the Basel-framework chosen (Basel Committee on Supervision, adopted by the U.S. banks too) and in the FHEFSSA.
It doesn't refer to the Net Worth, otherwise you would see low profile officials handing out SPS LP for free to the government, for every dollar of increase in their quarterly Net Worth, which would raise the eyebrows even in China, which is what is happening.
Therefore, the FHFA can carry out a Separate Account plan in bad faith and unfair dealing, that is, lying about it. But, instead of spotting this Incidental Power and the exceptions to the Restriction on Capital Distributions, that would unveil a Separate Account plan similar to the one already carried out with the FHLBanks in 1989, with a statutory provision entitled SEPARATE ACCOUNT FOR THE REPAYMENT OF PRINCIPAL OF THE OBLIGATION RefCorp, along with the fact that the JPS contract or prospectus shown in the image below (at the BOD's discretion) and the law (Restriction on Capital Distributions) allow the suspension of the dividend payments (for the recapitalization, not on a whim), the Fanniegate scammers rose the flag of a breach of "implied in fact contract", just because they are annoyed with the fact that their dividend is kept by FnF for their recapitalization and that's Common Equity.
A dividend suspension clearing explained by the FHFA in the 2011 Final Rule "for the transparency of the conservatorships",
Where now, it must be added a 25% of the Prescribed Capital Buffer for the resumption of dividend payments, with the Table 8: Payout ratio, enacted in the Capital Rule.
First, they must learn that "Payout ratio" refers to the percentage of the Net Income that can be distributed to the Equity holders as dividend.
BECAUSE DIVIDEND PAYMENTS ARE NOT INTEREST PAYMENTS. And there is no such thing as "Mandatory dividends" or "dividend obligation", as stated by the Wall Street law firm representing the FHFA, but the DOJ is behind moving the threads.
Let's pretend. All fake.
In this board, we are serious people. Go to the meme stocks' boards to talk about paranormal activity moving the share prices, Roaring Kitty, etc.
The JPS valuation depends on the estimated resumption of dividend payments, which, in turn, depends on the Common Equity built.
With the ongoing Common Equity Sweep, every year there are 17 years left to resume the dividend payments.
— Conservatives against Trump (@CarlosVignote) May 15, 2024
Until someone realizes that the JPS need the Common Equity to fetch a fair value of par value w/ the resumption of div payments.
$402B capital shortfall over Leverage ratio😂
(*)2.5%, versus 0.45% before (not 0.25%) of MBS Trusts.
People love to buy debt. I do it all the time.
Debt ownership makes me $$$
Questions Questions Questons!
Quote:
Short version: I think the juniors will end up with somewhere between 50% and 100% of par (stated) value via a conversion to common. Not converting the juniors makes no sense due to the CET1 capital requirement in the ERCF.
Answer:
I agree with you there. I don't see JPS getting 100%. But I do not understand how and why a write down from 100% due to a conversion when JPS holders have to vote on it and it clearly states in the contract ( non convertible) so either they change the contracts or offer JPS holders a carrot or cream pie or something! I really don't know how the Gov can wingle that one? Do you have any insight on what it might look like or offer JPS holders?
Quote:
I think the commons are worth about $8 at the most when FnF are recapped and released, and that's only if Treasury chooses to write down the seniors entirely. If they convert those seniors to commons instead, as Mark Calabria wants them to do and as KBW expects, they will be worth somewhere between $0.25 and $2.00 per share, depending on how FHFA and Treasury structure the transaction. Probably towards the lower end of that range since there is no reason for either FHFA or Treasury to fear any lawsuits and that the situation for FnF common shareholders is far worse than that of AIG common shareholders, who got diluted down to 8%.
Answer:
I agree with you there also. However $0.25 is on the very low end if the greedy Gov does convert everything however more likely between $.70 to $2.25. If they don't convert the warrants then yes maybe just maybe around $8 to $12.
Quote:
I expect the commons to rise and fall roughly in line with the juniors until recap/release time so I wouldn't short them, at least not for more than very short periods as an attempt at statistical arbitrage, but I avoid them entirely.
Answer:
It sure is going to be a rough ride ! Buckle up cup cake and hang on!!
He doesn't have anything to share other than a rcwhalen tweet
Lost your limb?
Why preferably in dollars?
Moelis made a useless plan to end C-ship, benefiting the government.
It did not gain any traction, but they must know what it is going on.
So, for them to upgrade maybe something is going to happen.
Don't worry, there will be no flying monkeys. I kinda laugh at the notion that Treasury will become charitable after all these years of self-serving.
How about Huckleberry season?
If we even get to $100 per share, I'll show you the uncensored video of monkeys flying out of my butt. lol.
It’s closer to 2 billion shares between both gse’s
So $45-50 cash per share
Then have to do PE etc etc
Why share rumours? Is Patrick a Moelis client? He has been asked about the link or to provide more information, but is unable or won't provide any information. It's no different than moving couches a few years ago.
private clients are ? glen? paglara? lol
is this the guy behind amc and gme on redditt? great 🤣
who will fire her? if the other party wins? the current director will bungle it on nov 6th as she knows she will get fired. just like calabria foked it when he knew.
this a guess ? "My guess for next 3 yrs"
why allow and why give ideas to govt to pocket 360 billion? after foking up retirement and 529 and after so many died without seeing their hard earned money?
moelis has very little credibility left. they are after pfds as we know and last time did not deliver.
Followers
|
2309
|
Posters
|
|
Posts (Today)
|
21
|
Posts (Total)
|
797492
|
Created
|
07/14/08
|
Type
|
Free
|
Moderators not one red cent ~NORC~ stockprofitter Ace Trader Patswil jeddiemack FOFreddie |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |