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Genius analysis. You should become a registered financial adviser in Tennesee too.
You're on your own guys. Can't wait to come back when commons hit friggin 10x on OTC - Right now trades are 60x under book value. That's not accounting for the fact housing market is ready to go once we get socialists out and mortgages issued to the masses. Fannie Mae if you know how it works and don't just read stupid gov't legal bullshit and learn how the company works and profits = inevitable. It's in the Fortune 500 and the top 30. But what do I know about companies that make money and have a necessary private place in the private sector only they can fill.
Buncha clowns. Sorry I hurt your feelings broccoli heads - your youth shows. I love your track record. I have grown over time and so have my calls. $YPF at 3.11 - Oil and Gas. 2022. What would you have said about Argentina J0okay or w/e your dumb anon handle is? hahahaha
BOOM. David Thompson appears in a District Court with the Wazee case.
He was already called "omnipresent", because he seized control of many cases expelling the original attorneys, in order to control the narrative in his frivolous lawsuits.
This way, he could be seen with Fairholme, Bhatti, Collins, in the Rop case obsessed with a Mediation that was finally cancelled when it was denounced his attempt to seek a negotiation table and get a good deal for the battered JPS, and he also represented the important case of 2017, Robinson, where the judge said:
The plaintiffs didn't establish that the NWS (dividend) contravenes that duty (Put FnF in a sound and solvent condition)
"I am not a regulatory lawyer. I am a litigator. That's being watched by a number of sophisticated lawyers"
Need to book excursions while on the ship. Quite a few stops it looks like. Stops include Sweden Netherlands France Belgium and England.
That's why I share. I just like to add to a place I have a stake where fellow stakeholders may be getting discouraging info from ego maniacs and I take the time to not hoard it myself after seeing since 2021 especially the RAMPANT fraud allowed in the markets and the Biden admin. Here's a good post on the FHFA oversight of the FHLBanks ... It proves how the gov't and the people who are committing theft fraud and borderline treason in the gov't will not stop until 2025 when Trump has proven he will put America first. Remember last term? Prices of food and gas etc. Remember his letter to Rand Paul about the GSEs? it'll be ok.
This is the worst betrayal I've ever seen to Americans by a President and Treasury Secretary and then an unredacted FOIA request the FDIC asked Bloomberg to destroy. @FHFA @FDICgov @federalreserve @USTreasury FHLBank used a fake Special Purpose Emergency to send $1B to China. pic.twitter.com/dJE7c6yrNl
— Stankonia Capital (FTP FJB VLLC MAGA) (@StankoniaCap) June 18, 2024
Also to take a shot at the guy who criticized my Argentina ties to the GSEs that no one found but he told you commons were DONE to sell in early 2023 and miss out on what 225% growth? I will share this bit of news he cracked a veiled shot about the FNMA FMCC down day Tuesday because of the "Argentine Market" being down (dumb "donkey" do you not know what an ETF is that's only a small amount of NYSE and 1 NASDAQ listed Argentine company ADR with only certain picked shares that are held in custody and the ETF price tracks? The "market" that is like saying an ETF of only select businesses is the equivalent of the DJIA or the NASDAQ 100 or S&P 500. To the doofus who cracked that joke the Argentine market equivalent is not the $ARGT ETF - it's an index called MERVAL.
Moving on...
I have great info to share related to the media attacks on Trump, the institution in power who are socialists and I have shared proof of their lying and even in FHFA reports on 2023 FHLBanks which they oversee in addition to being conservator of Fannie Mae and Freddie Mac...
This is time to explain Argentina, all my own DD but things that the man Scott L. Mathis I mentioned last night - a wall street titan gone to Argentina in 2007 with his 1999 founded operations that run thru a US Miami based parent company and derives its entire revenue from it's luxury real estate, wine, ecommerce, LVMH type fashion with Argentine made products and more all in Argentina.
Argentina and Javier Milei are helping reject the administrations abuse and long overdue release of the GSEs to the NYSE and private sector. I got this article from Scott L Mathis because he is someone I mentioned last night that has been in Argentina building real estate luxury vineyards hotels and more thru the parent holdco Gaucho Group Holdings Inc in Miami. Do not buy that stock it is still going to dip. Buy more commons now. Here's why. The Milei and Trump hug at CPAC and Milei being in the American private sectors hearts and future - near future investment is also seeing MEDIA attack his image like Trump - a man we want to release our GSEs and on record via the Rand Paul letter doing just that.
https://blog.independent.org/2024/06/18/milei-steering-argentina-toward-economic-stability/
This is what Scott sent me today about what it is like on the ground there (he tells me all the time the media lies) - but since the Media has focused form the EU to the US to lie about Milei and his IMPLEMENTATION of all the reforms and changes to minimized govt spending size and laws just passing that deregulate and privatize similar companies that shareholders (even my $YPF stake) have lost value and investment due to the gov't intervening in a NEGATIVE way. I want you to have hope that Trump 2.0 is VERY much the reason Milei is being attacked and let me remind you Trump sent a Make Argentina Great Again video out on TruthSocial that went all over the news the night Milei was elected by 57% over his socialist opponent! Trump polls show on polymarket regularly at 56%. In 6 months of implementing policies like Trump promised from "DAY ONE" in his letter that he would've removed FHFA director Mel Watt and directed to new FHFA Director he chose to end the conservatorship >> This glowing report on the ground about Milei (Trump's model and honestly he's saying things Milei says bc he will do them as Americans are wanting that type of executive action Argys have) is something I share to give you hope we will get what we were promised and Trump will ALSO be doing much BUSINESS with Milei's Argentina - hell I get mocked for pointing out since 2011-2019 FHFA allowed the OTC common shares to be held at BNY Mellon to let the Banco Comafi issue CEDEARS (like ADRs here) in the Buenos Aires Stock Exchange and trade FNMA and FMCC common "ADR like" shares redeemable for BNY Mellon held true FNMA and FMCC shares at any time - to this day even if they held - but due to Gov't currency restrictions they were priced in $ARS.
https://www.tradingview.com/chart/nWJ8kvyf/?symbol=BCBA%3AFNMA
Go find FMCC yourselves I'm not your ChatGPT or butler this is an Fannie Mae board ;)
Here is the Banco Comafi - the issuer of these depositor receipt-like list of Fannie and Freddie common shares on their CEDEARS list of American companies traded in $ARS but it is obviously out of date on the ration as trading view shorts 3 CEDEARS:1 FNMA share held at Bank of New York since 2011. It started out at 1:1. CEDEAR trading of Fannie Mae and Freddie Mac on the Argentina BA stock exchange had been going on since the year 2000 (the Menem 1989 regime had pegged the peso to the USD 1:1 and that stopped in 2001. When the shares of Fannie and Freddie were delisted from the NYSE June 2010 - they went to the OTCBB and NYSE:FNM became OTCBB:FNMA. Similar ticker and movement to the OTCBB occurred with Freddie Mac commons. OTC Markets Group was the only way to keep a "listing" of USA OTC listings and USD stocks when the OTCBB closed sometime around 2020 I forget maybe it was 2019. Who cares. The point is the common stock has traded and is the same as the NYSE listed shares folks bought back in the day - and since 2000 the CEDEARS have been provided by Banco Comafi (a bank that lineage is back to a 15th century Bank in Italy... yeah) and custodied by Bank of New York (founded originally by Alexander Hamilton - the first Treasury sec -- for those of u with tinfoil that are intrigued) and continue to be held in accounts in the Argentina brokerages who hold them just like they can also still exchange 3:1 for a share of real FNMA once allowed to do so (Milei is likely heading there). I believe if you have a dual citizenship there's a way to do it from the US side but not within BA. This is leading to a further important and self conviction but also with reason a hypothesis becoming more of a theory as time rolls on.
First if you wanna know who CEDEARS were first issued by it was before Banco Comafi merged/took over Deutsche Bank S.A.:
https://www.comafi.com.ar/custodiaglobal/assets/docs/prospectos-cedears-rg/13586-21112000.pdf
There's your 2000 document if you must read it to believe me - I do my fucking homework.
Here's the Banco Comafi outdated list of current CEDEARS (I assume these all are outdated because of the inflation issues since the end of 2018 with Alberto Fernandez presidency going back to complete isolationists and many gov't restrictions on USD, forex, and a money printer that had ruined the $ARS when the IMF and foreign countries decided to stop lending to the country inflating their currency and isolating any incentive for the people to believe in the improvement of Argentines under a socialist abusive gov't like our own FHFA and FED and TREASURY (even FDIC) under the Biden Yellen Thompson Powell directed to act basically in lock w the regime. You can say the Fed Gov is independent after appt and he was appointed by Trump but when Powell began raising interest rates too fast Trump "bullied him" to stop and it worked. Now the same Biden admin and leftists like Elizabeth Warren are begging the FED to lower FFR (interest rates). Is that bullying? Gimme a break.
https://www.comafi.com.ar/custodiaglobal/Programas-Cedear-2483.note.aspx
So when I share info here- instead of being mad I also call it like I see it with people trying to sell their advice and are present in my stake in this community too - I still share other valued info and my opinion and analysis as well:
https://blog.independent.org/2024/06/18/milei-steering-argentina-toward-economic-stability/
Here's another thing about private sector Fannie Mae and Freddie Mac operations. There is NO law to prevent them from listing the CEDEARS on the BA stock exchange 1:1 and later 3 CEDEARS of FNMA:1 FNMA and a different than 1:1 ratio I forget for FMCC to adjust for the post 2011 inflation issues til Macri left office and all heck broke loose in Argentina due to the money printing of the ARS (arg peso) under the non center-right Macri regime but the Peronist and Isolationist Alberto Fernandez admin...
Argentina equivalent of the Mortgage Bankers Association here has been public about wanting a Fannie Mae system to provide liquidity to its mortgage market since 2007 publicly.
https://www.thebanker.com/Regulations/Argentina-looks-to-Fannie-Mae-model
Coincidentally 2007 was the year my friend and CEO of GGHI (NASDAQ: VINO) began his real estate operations with purchase of $300K USD now worth $10M USD but worth far more, 5 star rated, Algodon Mansion in the diplomat city of Argentina. The parent company he launched to make a USD listed NASDAQ tightly held share issuance (it's so small because he can prevent people from taking control of his assets that are far more valuable than the entire market cap of the NASDAQ listing - obviously) after leaving Lehman in 1999- to focus on Argentina - a place that needed a better mortgage system that modeled Fannie Mae. I can't get Scott to ever do anymore than nod or go that's great info. If you remember the scene in the Big Short where the two Brownfield Capital dorks walk into Lehman Brothers and the guy screaming "DO NOT TALK TO THE PRESS" at the collapsed investment bank employees leaving with their possession in boxes - that's bc of NDA's that they take seriously. BUT If the Argentines wanted a Fannie Mae system - and they want to DOLLARIZE under Milei - Fannie Mae and Freddie Mac have a growth opportunity to operate in countries that are OPEN to their liquidity model for their private banks (now allowed to deposit as many dollars as they wish) to lend more than the 2023 rate of mortgage issuances in Argentina (1%...). The dollars entering Argentina's private banks have skyrocketed due to confidence of people who held 10% of the circulating worldwide USD including US in mostly $100 bills at home in their bed mattresses into Argentina's banks. Even before he was able to decree that the govt would allow banks to allow deposit of any currency. Naturally - the dollars led to the initial growth of Argentine private banks to issue mortgages to (off thetop of my head) about 15% or more of applicants? Now add in our Fannie and Freddie and the compatibility of a free market privatized and globally connected MBS market buying USD denominated MBS bundled in US issued mortgages + the fact even in 2007 and to today the Argentine banks denominate their mortgages in the US Dollar!!!
It's an opportunity I argue that besides the 70%+ duopoly Fannie and Freddie have in buying and bundling US mortgages from lenders today as opposed to 30% in August 2008 when taken into conservatorship due to less competition from priv-label and the credit checks on what banks and the GSEs will buy being reformed responsibly -> look for growth not just in a US Housing Market boom 2.0 that is where my mind is logically thinking inevitable in Trump 2.0 (Investment that moved in a 2008 stimulus China CCP gave to keep it's ponzi Real Estate boom going is where our institutions went to invest in Real Estate and left officially in Fall 2021-2023 due to the Evergrande property market and real estate/ghost city collapse and to this day they are done growing bc they cant' bail out even with no western investment).
In case you're wondering a similar period of FUD on Fannie Mae stock was after the Jimmy Carter administration and the US misery of the 70's that began with the demonization of President Nixon who was actually a President pushing for the release of the Kennedy assassination even though Kennedy was his opponent in previous decades and he was well loved for his pro-American stance even if he gets blamed by everyone for the gold standard ending (who cares besides whacko libertarians who are leftists in their party - but not in Milei economics. Austrian economists like Milei are Libertarian who call for small govt and letting private sector and market decide the price and who they want to do business with - and it works. He's realistic too in that the dollar would not be fixed by GOLD but by letting private markets flourish in the Rothbardian Austrian economic policies he implements and successfully reduces the STATE from any control and politicians (not markets and business and trade experts) decide how the market should be operating. That is not FREEDOM. That is what we all want for the GSEs and what I've proven the FHFA and Biden Admin and all his admin that have shit to do with money and American market operations prevent from doing so freely. Deregulation is not their friend and it doesn't make them rich, subverting your participation and ability to achieve real success as a shareholder of what Warren Buffett himself called a financial powerhouse in 1991 - to get back to the reason I went back to the Carter admin and Fannie Mae's not so good stock prices and need to put in a successful reform that is profitable and understood by Buffett to be a long term investment that he usually makes "buy and hold" and with dividends - we are going to get our dividends back too folks:
Funny it took until December 2023 for anyone to report on Warren Buffett's regret for selling out of his position early and wishing he went long (at least until 2008) from 1988 entry and previously admitting owning Fannie Mae stock before under Berkshire with Charlie Munger:
https://acquirersmultiple.com/2023/12/warren-buffett-fannie-mae-fumble-a-1-4-billion-mistake-learned-the-hard-way/
In his 1991 Berkshire Hathaway Annual Letter, Warren Buffett discusses the two critical mistakes he made when Berkshire Hathaway had the chance to acquire a significant stake in Fannie Mae in 1988.
Stopping buying after an initial price increase: This prevented him from fully seizing the potential growth.
Selling their existing shares due to a dislike for small positions: This was a knee-jerk reaction based on personal preference, not sound investment logic.
Buffett estimates that these mistakes cost Berkshire Hathaway approximately $1.4 billion by 1991. Here’s an excerpt from the letter:
Every writer knows it helps to use striking examples, but I wish the one I now present wasn’t quite so dramatic: In early 1988, we decided to buy 30 million shares (adjusted for a subsequent split) of Federal National Mortgage Association (Fannie Mae), which would have been a $350-$400 million investment.
We had owned the stock some years earlier and understood the company’s business. Furthermore, it was clear to us that David Maxwell, Fannie Mae’s CEO, had dealt superbly with some problems that he had inherited and had established the company as a financial powerhouse—with the best yet to come. I visited David in Washington and confirmed that he would not be uncomfortable if we were to take a large position.
After we bought about 7 million shares, the price began to climb. In frustration, I stopped buying (a mistake that, thankfully, I did not repeat when Coca-Cola stock rose similarly during our purchase program). In an even sillier move, I surrendered to my distaste for holding small positions and sold the 7 million shares we owned.
I wish I could give you a halfway rational explanation for my amateurish behavior vis-a-vis Fannie Mae. But there isn’t one. What I can give you is an estimate as of yearend 1991 of the approximate gain that Berkshire didn’t make because of your Chairman’s mistake: about $1.4 billion.
You can read the entire letter here: https://www.berkshirehathaway.com/letters/1991.html
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