It''s gonna take more than throwing around a bunch of numbers
and code citations to get any relief from the unconscionable,
reprehensible, outrageous, and insulting harm that
been done to Fannie and Freddie shareholders...
It's gonna take for us to be OUTRAGED about the whole
MESS! ANGER! RAGING ANGER!
What is the deadline???
To personally keep holding this?
Well, although I try to follow this stock regularly, I basically wrote it off as a loss.
Well, actually, maybe enough to take a weekend getaway 10 +/- years from now, if this keeps up. Even though after 15+ years, I should own a vacation home by now.
When I first invested in this stock, I always said to myself “there is no way this stock can be owned by shareholders without the Gov stepping in & have complete control” Well, years later, here we are!
Ok hear me out…— DC_Draino (@DC_Draino) December 4, 2023
Rand Paul for VP
He’s 1 of our best fighters in the Senate, but man would he do some incredible work as Trump’s #2 and it would set him up to be the America First heir-apparent in 2028
What do we think? pic.twitter.com/JMOEAKTNrD
The Chair of @SenateBanking doesn't believe in democracy in the USA but wants it in foreign countries? Maybe someone with integrity should takeover and fight to end the 15 year "temporary" fraudulent conservatorship of Fannie Mae and Freddie Mac.— Guido da Costa Pereira (@GuidoPerei) December 4, 2023
FREE FREDDIE! https://t.co/KkHchS4GPy
options are cheap as they expire and timebound. this one for 15 years and very very expensive. $1500 stock down to $0.40. yes, give away our hard money to ukraine, free tuition, free housing whereas own hard working citizens cannot pay tution, retirement and doing 2 jobs. sick and sick. not enough votes to worry about. it will catch up.
Raise the Ask, Raise the Ask - They will pay
Ask for More, More, More!
I honestly feel the CON won't end for another 10 to 14 years. Capital build and gov't wants all the spsapsasapsaapa money
I'm much more heavily invested in this than your position. I have no qualms with holding this for another decade. I've already moved on emotionally elsewhere. It's just an old habit that I check this board sometimes.
Then my advice to you JOoaky...liquidate and close out your positions in FnF. 😃
Money aside... it's not worth the emotional investment.
100's of possible outcomes right.
What I think is this: Once Lameturd certifies the verdict, the precident is set to barrage the gov't with many more lawsuits. Hopefully better crafted lawsuits that best match the true injustices committed by our awesome government.
15+ years of this. Would release =
Guilt? Would guilt = shareholders are owed? Why would the Gov expose themselves to this? Just kick it down the road for another 15+ years. A few lawsuits along the way, with appeals & delays to keep the shareholders on a string. Settle those lawsuits with CRUMBS like we just experienced.
I hope I’m wrong. Just frustrated like everyone else. GLT! Happy Holidays!
That's the thing, Americans typically aren't wild about the TBTF Financial Intermediaries running to the US Government looking for federal guarantees/assistance during times of distress in the Capital Markets.
On the other hand, letting the banks collapse would likely aggravate and prolong a Great Recession and or Depression, devastating American Families along the way....
That's probably why Gubmint Financial Regulators figure the more Capital, the Better...
You know, Uncle Suggy is a silent partner with ALL American investors, because HE GETS HIS CUT OF PROFITS ANNUALLY VIA THE FEDERAL TAX CODE, BUT HE NEVER WANTS TO BE A PARTNER WHEN THE INVESTOR INCURS LOSSES
The TBTF Mantra kinda forces Uncle Suggy to help Investors out during times of distress...
"why did F and F -- FHFA - ever on its own voluntarily pay with cash as the agreement allowed for in-kind stock payments. Imagine the cash capital F and F would have if it paid ZERO in cash. Yes more shares but how many?"
I'm not sure it's additional shares in lieu of paying in cash. I think it's just an increase in the LP for the unpaid dividend amount and triggers an uptick to an ongoing 12% dividend rate vs 10. Still same number of shares - SPS/JPS/Common. It's just a LP IOU - FnF would still need to pay the full cumulative dividends in cash at a later date. I suppose they could have used the 12% LP addition and avoided the draws to pay the lower 10% amount, which would have ruined the circular draw argument. But I can't fault them for wanting to pay the lower dividend percentage.
It's a similar situation today as the LP grows for the "privilege" of retained earnings. Although growing the LP by 12% of the SPS may have been better than the current 1:1 increase in LP for every dollar retained. Too late now that the 3rd and 4th Amendments are in place.
Someone posted a few weeks back, regarding the jury award and its potential consequences on the conservatorship.
Asking the question again for discussion. If FHFS pays the award, is this a violation of HERA, distributing monies, and could this void the agreement?
Inquiring minds want to know.
Also, haven't seen any posts from Ano for some time. Usually posts good analysis.
if there is one thing 2008 taught us --- it is who needs capital --- you always make money
actually - the TBTFB know they are capitalists when they make profit and then love SOCIALISM (GOV intervention TARP) when they lose money
what a racket - so of course why waste ANY money on capital reserves !!!!!
and - from what I saw at DWR MS and RJ - most - by FAR - are honest
And then rely on software and tech help from the back office
a GOOD plan is most often created and then followed
at this point - IMO - the value of THAT JPS and Freddie win --- is the WIN and what a jury SAID !!!!
the pennies of interest are not the issue - (unless maybe you own 100,000 plus JPS or Freddie shares)
We won the big victory already IMO (and I do hold a few JPS)
yes OR he hides it deep and far away == very doable in "secret off shore trusts" --- not hard - just buy - oops - pay an attorney and sign a few papers
this is the guy - as OWNER of the CASINO lost money
this is the guy who had to settle on his Trump University fraud
this is the guy who had to settle on his Charitable Foundation
he is not smart enough to buy F and F shares --- in case ------ even if having his kids or cousin do so - is very smart
Anyone know if SM is buying some ? Calabria ?
I hold this as a cheap long long term option on FNMA - and the JPS for a hope of 60-80% of PAR offer
From day one - F and F (FHFA?) should have been able to apply "above 10%" to buy back SP shares (it is equity and that is how it would be done)
Imagine a world where FnF could pay the 10% dividend of the original SPS and used any excess profits to pay down those Seniors or retain capital.
Some argue - looking at one side of BS - that F and F have built up capital --- but of course the LP has grown and grown
My Question - asked about 2-3 times a year !! for first 10 years or so !! ---- why did F and F -- FHFA - ever on its own voluntarily pay with cash as the agreement allowed for in-kind stock payments. Imagine the cash capital F and F would have if it paid ZERO in cash. Yes more shares but how many?
Bill, post 2008 & SVB, the Financial Regulators (e.g., FDIC, The Federal Reserve, FHFA, et. al.) seems to believe that more Capital is better and safer for Financial Intermediaries and that the impact won't be as negative for the American People and their Businesses as the regulated financial institutions claim.
It's probably also somewhat of a job security issue for the financial regulators under the misguided assumption that more Capital is always better.
Jaime Dimon and the Bankers are livid and are implementing a full court press on attacking the proposed increase in the new Basel standards. He laid into the Regulators in his latest earnings call presentation on the likely fallout, abandoning previous lines of business, limiting lending, and the likely emergence of non regulated or lightly regulated non banks into the lending markets.
They are voicing their dissatisfaction in the House Financial Services Committee, where Chair Patrick Henry and others are giving them a receptive ear. During the Super Bowl, watch out for an ad or 2 on the "evils of increasing Bank Capital" on Americans and their Businesses and way of life.
To me, one side of the political aisle seems more frustrated with government regulation and the other side seems to be okay with it, with Bill Foster in the House and Sherrod Brown in the Senate as the poster children for that viewpoint.
Given the 15 year never ending conservatorships, at this point, wouldn't one side of the aisle be better for the financial interests of the Shareholders?
I asked the magic-8ball.com and it said "My sources say no".
Case Number and Title Judge Time Courtroom Purpose
21-cr-0690: USA v. GRILLO Judge Royce C. Lamberth 12/04/2023 10:00AM [Not Assigned] Jury Deliberation
15-cv-0737: SMITH v. GOVERNMENT OF THE DISTRICT OF COLUMBIA Judge Royce C. Lamberth 12/04/2023 12:30PM Courtroom 15- In Person Fairness Hearing
23-cr-0225: USA v. WEBB Judge Royce C. Lamberth 12/05/2023 12:30PM Telephonic/VTC Sentencing
04-cr-0379: USA v. GASKINS Judge Royce C. Lamberth 12/07/2023 10:00AM Courtroom 15- In Person Evidentiary Hearing
21-cr-0392: USA v. HOSTETTER Judge Royce C. Lamberth 12/07/2023 12:00PM Courtroom 15- In Person Sentencing
Write to the Chief Judge, telling him/her that Lamberth makes a world record.
I have a sort of MBA from U of C --- but it was in health care and other not for profit -
Worked not for profit 20 years and then 20+ as advisor
Did not take the CFA test as it required about 5 EXTRA courses in math and stuff the were worthless other than as a way to keep the club smaller. (See a pharmacist at Walgreens or Walmart - spend all day counting pills after tons and tons of science and math)
Anyway --- I kept seeing two different - same period - market return AVERAGES from good sources and was confuse
So THEN - 20 years after U of C --- I encountered arithmetic and geometric means or averages !!! WOW - (and the "interesting part or scary part - of an office of about 80 odd brokers - maybe 2 or 3 knew the difference or cared)
I hope he doesn’t and they appeal. Interest then goes to around 9.% once that starts.
That would only work if he pardons himself after this insider deal.