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This got me thinking... could the conservators arbitrarily decide that the country needs that equity more than the twins and just repeal the earlier decision to stop the sweep, and instantly sweep all their net worth back into the treasury? That big chunk of cash could be pretty tempting...
Got a call from Fidelity asking me to sell my fnma and fmcc shares.
Is it illegal for a Brokerage to demand a retail customer to sell shares of a stock?!
Ahhh, forgetting the terrible spider weave that they conveniently 'forgot'...
Jaw Breaker tries to land his punches. All considered bribery. Just like the student loans- Barry encouraged people that they need a college degree, yet never implicates that there's a responsibility to pay it back.
Nope, loan forgiveness. That's a positive ! 😵💫
Simple minds for simple folks. 💤 😴 💤
That dudes word means nothing. No reason to get excited unfortunately.
$Boooom ! next week could be tits !
https://x.com/usnavycmdr/status/1802017002896421105?t=84jf8mfE7ysmylxuwhWJ3Q&s=19
The insanely high 300+B required amount is not entirely set in stone and $PSH Q1 call Ackman said arguably they have enough cash now combined to end conservatorship. Plus no one ever mentions Paulson is set for Treasury Sec (only Trump ack for Treasury Sec). Release will suprise
— Stankonia Capital #MAGA #MAHA (@StankoniaCap) June 16, 2024
I'll articulate it....It's way past time to release us you jackazz's, get your azz's in gear. Quit stealiing and do your damn jobs!
Even a moron can understand this.
How many times have we seen these Candle Sticks and here we are!
Wake me when Ackman sells fnf...
He tighter hand than Roaring Kitty...he will be richest in the world...
Team on three! It’s coming boys, don’t miss the new launch to two!
$1.70 buy tomorrow !
Do your own research
My problem yesterday, was one of reading comprehension, as stated by navycmdr,and I think sammyboy......The news came to me via Fidelity, and at first glance I thought it was referring to my hold of FMCC common shares. In reality it was referring to fmcc 25z bond related de-listing, and has nothing to do with common shares FMCC......The news came to me because it was Freddie "related" news......So I apologise greatly to all here......My stupidity.......GLTA
If you can’t read the last 10 posts or search yourself just avoid this stock instead of just asking stupid questions because you can’t read a news article properly.
Just cuz I think it’s funny what do you think FMCC trades on right now?
People, please help answer these questions:
(1) FMCC is delisted on NYSE. on 7/1/24. Will it be trading on OTC platform?
(2) Under what circumstance or political situation, will FMCC and FNMA be released from conservatorship?
It did not get released from conservatorship under Trump's last presidency. Trump did not want to release them from conservatorship because Trump needed the money from the golden eggs to run his presidency. There is no hope for that in the future whoever is the president who will do the same. Is there any hope at all??? It has been over many many years long time waiting
thanks
Jp Morgan who invented the credit swap. Latter jp Morgan got out ahead of time because they realized it was risky.
financial crisis of 2008 was fueled by the widespread use of credit default swaps (CDS), a financial instrument that played an integral role in the downfall of Lehman Brothers. CDS is a financial derivative that allows investors to protect themselves against the risk of default on a bond, loan, or other financial asset.
The reason Freddie delisted bond , maybe Freddie doesn't want to play the same old game.
Roaring Kitty will B nuttin in comparison to the FNMA LONGS...15 YEARS?
Gotta be THE biggest win EVER.
Just sayin ain't prayin er manipulatin cause manipulatin tis witchcraft. Really
Best illustration of The Big Lie about Fannie & Freddie came from the Mortgage Bankers Association, showing performance of prime fixed rate mortgages performance exponentially superior to the rest of the market. Guess whose loan performance was better than prime FRMs? Thread 1/ pic.twitter.com/YbBk0BOAoo
— David Fiderer (@Ny1david) June 13, 2024
Any news Team, another day, you never know !
the Fannie Freddie shorts take quick advantage of the
mkt Lemmings FEAR and ignorance - recent press news
was a complete Nothing Burger but another opportunity for
the shorts once again - TRADE Fannie /; Freddie ACCORDINGLY
$BUY the $Dip -and ignore the Lemmings fear noise
$GSEs are still profitable and $GAINING $BILLIONS each $QTR
Do you know how many cXO s have left the GSE in last 10 years? Countless
It doesn't matter. Gse talent will drain away and they don't care..
An old dude retired. In other news water is wet.
Who cares? Just another government appointed flunky.....
nobody talked about the CFO resignation, what happened
it's a bond(s)! not shares. Fidelity flubs up and you beleive that?
Thanks to the bunch of you, for your suggestions.
I thought that Fidelity's interpretation was typically the best, after calling them. LOL
"The shares will still be tradeable after July 1, but just not on any sort of exchange".......
Rich, just keep buying on the drops and hopefully we will all be ecstatic closer to the election! Myself and others on this board have been here for numerous years waiting for just this moment in time. Many of us have more than a half a million shares and the companies have never been stronger or made more than now. The one caveat is the Government control through a faulty conservatorship.
My kids keep asking if they should sell since they are positive and my response is , you don’t need the money and that this could be a once in a generation opportunity to change your lives tremendously., don’t put yourself on the outside looking in! GLTA!!!
Thanks for your post.
You're most likely a complete optimist, about the current "action".
Tell me then, why is the stock just riding along at current value of $ 1.40, and not sharply headed up or down.....
Are you saying that this is a "no news" type thing.....Don't worry......Be happy.....
I understand what is going on, a bond coming close to expiry is being cancelled by fmcc. Nothing more nothing less, Navy put a link that clearly as much as clearly can be explained.
I’m fed up of having to question the lack of dd people don’t do…
For now pps sucks by intent, too many sheeple.
Fmcc
just READ the Freddie announcement ! - READ WHAT it SAYS !
it says NOTHING about common shares on the OTCBB ..
MCLEAN, Va., June 11, 2024 (GLOBE NEWSWIRE) --
Freddie Mac (OTCQB: FMCC) today announced it will voluntarily delist
its last remaining security trading on the New York Stock Exchange (NYSE).
The bond, Debt Securities Due 2025 (CUSIP 3134A2HG6), trades under
ticker symbol FMCC 25Z. It was issued in 1998.
Freddie Mac Will Delist NYSE-Traded Security - PRESS RELEASE GlobeNewswire
Jun. 11, 2024, 01:00 PM
MCLEAN, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it will voluntarily delist its last remaining security trading on the New York Stock Exchange (NYSE). The bond, Debt Securities Due 2025 (CUSIP 3134A2HG6), trades under ticker symbol FMCC 25Z. It was issued in 1998.
Freddie Mac will take all necessary steps to delist the bond, including filing a Form 25 with the Securities and Exchange Commission and the NYSE after the ten-day notice period has elapsed. Freddie Mac has not arranged for listing and/or registration of the bond on another national securities exchange or for its quotation in a quotation medium. Freddie Mac expects the last day of trading to be on or around July 1. Freddie Mac voluntarily delisted its common stock from the NYSE in 2010 at the direction of its conservator, the Federal Housing Finance Agency. The continued listing of this bond would subject Freddie Mac to rules and administration that are unnecessary given its status in government conservatorship.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
This is not an offer to buy or sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Freddie Mac files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.
The financial and other information contained in this news release speaks only as of the date of the news release. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in this news release.
The financial and other information contained in this news release is not incorporated by reference into, or a part of, any offering documents or any security. The information does not constitute a sufficient basis for making a decision with respect to the purchase and sale of any security and is directed only at, and is intended for distribution to and use by, qualified persons or entities in jurisdictions where such distribution and use is permitted and would not be contrary to law or regulation. All information regarding or relating to Freddie Mac securities is qualified in its entirety by the relevant offering circular and any related supplements. You should review the relevant offering circular and any related supplements before making a decision with respect to the purchase or sale of any security. In addition, before purchasing any security, please consult your legal and financial advisors for information about and analysis of the security, its risks and its suitability as an investment in your particular circumstances.
This news release may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s most recent Annual Report on Form 10-K, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of news release.
MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com
Try calling FHFA and asked to be transferred to someone who understands what’s going on with this delisting.
It could be that they want them off the listing because it is so close to the expiration date. The other side of things is that they could be doing a basic house cleaning in order to get things in line for maybe a possible release! All just speculation but as far as anything towards Freddie commons is concerned I don’t think that it affects them at all.
Like I said earlier the only thing that matters is that the companies continue to put billions of dollars to the bottom line each quarter! GLTA!!
I'm just trying to understand the action they are taking. It says delisting, with no further desires to list on another exchange......It doesn't say "payout" of any remaining shareholders on July 1......So, sorry to have used the derogatory word "downgrade"......
I'm not sure if you find their "action" , a "good" one, for FMCC shareholders......
Just got off the phone with a Fidelity person, for their interpretation of the news.
They say the shares will at least be tradeable in some form, after July !, though no longer on any exchange.....Which sounds kind of odd, at best.
Just, in my defense for asking for "clarity" on the action, I really can't get a "straight answer", everywhere I look......
Nagoya, I believe that they delisted a Freddie bond from the New York Stock exchange that had a July 2025 maturity. A nothing burger concerning FMCC stock.
Couldn’t help but notice, what downgrade are you alluding to…do you have a financial fmcc-fnma link that shows that “downgrade”.
Too many charlatans over the years posting all sorts of gibberish like commons to 0.05- cancelled - warrants…I’ve had the misfortune of reading them all, I have no mote patience for fly by night, post a link otherwise…shuda cuda wuda means zilch. I’ll file it with all the other Fanniegate hero ass umptions.
Fmcc
It doesn’t matter on the OTC. The only thing that matters is that the companies continue to make billions every quarter.
Thanks for a reply......I'm just hoping I understand the change, that,s about to happen......A "downgrade" from OTCQB, to OTC pink, if I've understood correctly.......This can't be a "good" thing, for any equity......Do I at least see this part correctly......
None of us would be here if we didn’t expect huge share price appreciation.
I guess I'm asking a silly question.......If the share price keeps dropping steadily, and it goes under a dollar, they probably would have to do a crappy reverse split, to keep any sort of "compliance"......This has never been a good thing, at least in my experience.
Rather than doing a ton of DD, about the de-listing to OTC platform, do any of you out there see this change as "good" for the FMCC common shares holder.......I own a small amount of FMCC, and can sell it at a small profit right now.......Do I sell and don't look back, or does anyone foresee great share price rise possible........Thanks in advance.
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