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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
The preferred can be cancelled, period, but they probably won't be, Common should be worth $325
The commons will be worth whatever Treasury allows them to be worth.
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?
The SPS aren't part of regulatory capital, per FnF SEC filings. Converting the SPS to Commons adds the conversion $ amount to CET1 capital.
This has to do with the ERCF, not balance sheet. You don't get the same benefit by making the SPS "disappear", which is never going to happen.
Can someone explain to me, why we are on the hook for and why are we concern with Liquidation Preference.
Am I wrong to interpret LP that way?
wonder if he has been unleashed from fhfa to mislead everyone. they probably have someone to do damage control
You say the SPS are equity. Are you sure?
If anything the SPS are more like obligations
Afterall, if the Companies are obligated to pay back the LP that has been accumulating since day one, how can you consider them to be equity?
Isnt equity the residual ownership after all debts are paid off?
The SPS LP is a debt that is owed to Treasury.
So what equity do the SPS have in GSEs of a negative net worth of a couple hundred billion?
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?
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.
It has ZERO EQUITY in the corporations.
I have held common shares since before conservatorship.
If you are with KT and Bradford trying to give 95% of the corporations to the government, we're not on the same boat.
I own common stock in a company that has paid me dividends exceeding my original investment. They aren't 'paid off' and I won't be writing them off either.
These types of emotional answers are common when folks hold a security that's out of the money.
So if this plan happens as many here are speculating, the commons will most likely be worth less than a dollar?
What am I missing?
Can they get back onto a real stock exchange with sub dollar common equity?
you assume - expect a SR to common equity conversion ---- and JPS to be worth 50% or more of PAR - and indeed common worth MAYBE MAYBE 8
Can a judge or court ruling really make it go away because of a prior ruling of 800 million awarded to shareholders?
FHFA-C under common law (implied covenants) has a duty to act in good faith and fair dealings in upholding the terms of the share certificates.
Last I saw of you on twitter you were pitching it short "spicy trade" to a crypto hedge fund.
You are a liar.
Based on your thoughts about the possible scenario of converting the seniors to commons and JPS into commons, am I understanding this right?
I'll calculate JPS shares at 50% and 100% par with a low conversion to common at .25 cents per share and $2.00 per share based on your speculation.
If Trump cinches the election in November, the euphoria could very well send the JPS close to 50% of PAR... since historically it has reached that high multiple times in the past.
I don't know about you but if your predictions is anywhere from 50-100% of PAR... I'm liquidating at least half of my position if it goes near 50% of par.
A double from 50% of PAR can be done with much less risk in another stock...
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
Red;;---all sales-look for yourself
https://ih.advfn.com/stock-market/USOTC/federal-home-loan-mortgage-qb-FREGP/trades
WHAT Rick?? GREEN,, Green whale Balls? I Hope Not!!
And the Washington Corruption continues! Who got the fine money for all those Toxic loans forced down their throats like other things to the children on Epstein Island ?
What do you think? To be least disrupted to the market, does a three-day weekend (market-wise) offer the best time (if any) to end a c-ship and return these companies to the main board?
DATE
Is this DENIAL after the re drafting we just saw ?
Bluntly - an not picking on you --- I do not agree that judges are in the tank
They may be conservative or liberal or who knows what but I think - here - they judge by their read of the crazy HERA law and the true lack of precedent on our situation (such a huge GOV theft of property)
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