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Nice run today for preferreds...polls have turned in the right direction.
Bought more FMCCG since it is always lagging behind.
Oh wow. Junk stock the preferreds. Headed to one cent. Bradturd should take notice. On the other hand commons headed to the moon say $325 plus or minus a few cents. Big time turd the preferred shares.
they go up and down together, it really just a question of % difference, if u had the time it could be traded. on the way up i mean
Probably those numbers will reverse shortly.
Now Fnma is down 14% and Fnmas down 3%.
actually FNMAS is down same % as FNMA
Oh wow. Massive drop in the premarket. Good. Poor Bradford. Yeah too bad.
Sherwin williams to da rescue...4.9 t0 5.01 in minutes and little volume🤣
No punches pulled straight forward assessment. Buuut I believe Ps, as in every other company that has Cs and Ps, has value according to the health of the commons, which is supposed to reflect the value of the company. If commons were around Par value, Ps would be worth Par territory also. thats how the world of stocks works, no matter what the KTCarneyCircus thinks says or does.
The preferred shares are pure garbage. No value. Useless really. Crap. Dumpster. Landfill material. Turd. Oh wow.
A president doesn’t need congress to release FnF. They didn’t need congress to put them in CS, they don’t need them to get them out.
Why would you say that! It's a guess right? It won't be anywhere near those highs in March 2025, and that's a guess too!
If DJT wins the election in Nov 6th sworn in Jan 6th, then it's going to take a few months to right the ship and start the ball rolling! Hell it might take 3 years to see any action as there's more important things that need taken care of first!
The latest polls show the GOP is going to win the Senate back and most likely the house again. But still the filibuster is one hurdle. So in order for there to be any action for congress on Fannie Mae and Freddie Mac it's going to take time. Even if the POTUS signs an executive order it's still going to take time!
Absolutely!!! Or more, I don’t subscribe to the Com v Pref bull💩. I hope prefs go to the moon, coms will be on that rock too.
To be fair, if so, so will FNMAS.
FNMAS hit $6 a few minutes ago...need my 50's to catch up
I believe you are quite correct. Best to buy the commons only.
Absolutely, I never got this prefs v com BS.
After today his resolve to clean this country up will amplified.
Com’s will be 50-100 by March 2025. Mark this post.
Com’s will be 50-100 by March 2025. Mark this post.
Ps also spiked at days end. so its GSE wide something driving it.
Preferreds turn to fall to 3.xx started..
JPS are rallying! Is it because the saga now shows that JPS are the best investment. Words of wisdom saying that a conversion of some sorts is expected but only a haircut for JPS could be on the cards. Makes for a better investment for sure
Very good day for FNMAS. Slow trickle up continues and broke $5...20% Par
R/S of common in order to uplist to a major exchange?
JPS , What to do with them all? Nothing? or a reduced share of the companies? Still at 50% on todays prices it's a far better beat than common shares
R U Sure? Wasn't it meant to stop Feb 4th 2024 ?? If this is continuing to grain interest that was Judges plan for them to settle and not drag this out!!
With any possible release one must ask the questions :
R/S of common in order to uplist to a major exchange?
JPS , What to do with them all? Nothing? or a reduced share of the companies? Still at 50% on todays prices it's a far better beat than common shares!
R U Sure? Wasn't it meant to stop Feb 4th 2024 ?? If this is continuing to grain interest that was Judges plan for them to settle and not drag this out!!
Really do they want to keep draging this out now the interest has stopped on the award?
And still the delay for a final end to this ruling judgement and a payout for shareholders. Really do they want to keep draging this out now the interest has stopped on the award?
I bet investors are starting see the out come from common to JPS and that any consolidation for release will be a hair cut for JPS and below a $1 for commons .
If it plays out to this tune then consider JPS will be 50% of par before Nov 5th
New 52 week high...we haven't seen these prices since the SC screwed us on 6/23/21
Reminds me of the price swings before the sweep. Let er rip potatoxhip.
Preferreds have been inching up all week...accumulation due to stronger Trump polls???
FNMAS at it highest since end of January
completely wrong.
HOUSING AND ECONOMIC RECOVERY ACT OF 2008
RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.
Quote: “Page 2732
EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.
NOTE: REPURCHASE, REDEEM, RETIRE...
WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.
Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf
Video of Senator Hagerty comments starts at 01:22:10
https://www.banking.senate.gov/hearings/oversight-of-federal-housing-regulators
I would wager Tim P's team wrote those comments for the distinguished gentleman from Tennessee...
Senator Haggerty's comments to FHFA Director Sandra Thompson at today's banking hearing...
Director Thompson I would like to direct this to you. You have testified that in order to end conservatorship of Fannie Mae and Freddie Mac, two things need to happen. First, they’ve got to build capital through retained earnings before ending the government’s 15 year long conservatorship. Second, you’ve said that Congress needs to decide the future of these two government sponsored entities and the US mortgage finance system more broadly. On the first point, the quickest way to end the GSE conservatorships is to raise private capital just as bailed out banks were allowed to do in the wake of the 2008 financial crisis. Now that the GSEs control so much of the housing market, there seem to be a reluctance to relinquish government control. I ask myself: Why? Well, judging by the redistributive housing policies that have been pursued while you’ve been at the helm of FHFA it seems that the GSEs are viewed by the Biden administration as simply backdoors to push its DEI social policy agenda which is well beyond your mandate. On the second point, congress has already decided what type of mortgage finance system it wanted with the 2008 HERA law. That law significantly enhanced the regulatory and supervisory powers of your agency over Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The problem here is that the Obama and Biden administrations have never taken their feet off the throats of Fannie Mae and Freddie Mac so that they can succeed as private companies. The responsible thing to do for yourself, for Secretary Yellen and for Attorney General Garland is to continue the work that was begun by former FHFA director Calabria to raise private capital and return Fannie Mae and Freddie Mac to the private markets. This would result in a $100B+ windfall for taxpayers and could be used to immediately to help expand the countries housing supply and support affordable housing for Americans most in need. We talked about this at the time of your confirmation to be the agency head and our housing markets and American taxpayers deserve to see these conservatorships to be brought to an end. I appreciate your full attention to this in the time you have left remaining as director. Thank you.
its rotation back into Ps, but surprisingly its not way green. Trend is your friend.
It’s a rotation from the preferreds to the commons. Makes perfect sense. Buy the commons. Dump the preferreds. That’s exactly what smart astute intelligent brilliant investors are currently doing.
Big crash today. Too bad for Bradford. Yeah too bad. Five cents on deck.
Lamberth's order released...
https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2013mc1288-420
Ps are going up cause commons are going up. Like I said before, Bradford is no dummy, he gets the connection. Most Ps are just dummies following greedy dummies like KTCarney.
Interesting spike end of day. John Paulson news related ?
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