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FnF listed in this article, may be why we're up
http://finance.dailyherald.com/dailyherald/news/read/41523585/hot_robinhood_penny_stocks_to_buy_now?_12_for_your_2021_watchlist
What damages could be in play? Drop in share value and/ or dividends?
Price says otherwise. Plenty of average Joe’s have lost a lot of money with the sky high estimates thrown out on this board.
Last one out, turn off the lights. Nothing is happening soon.
Why SCOTUS opinion is good for common shares:
The structure of FHFA is unconstitutional. The decisions for spspa, warrants, treasury preferred are invalid as the decisions were made by a Director (not Acting Director). No more Senior P debt.
“The judgment of the Court of Appeals is affirmed in part, reversed in part, and vacated in part, and the case is remanded for further proceedings consistent with this opinion.
It is so ordered.”
That’s an order. Section 6.7 spspa is in effect.
P shareholders win the APA claim, which also helps C holders (someone please remind me what that is)
Treasury is not sucking out proceeds from the NWS, but C shares aren’t able to benefit from profits. Directors, not Acting Directors, COULD have corrected the language in the 3rd amendment. Damages started once Director (Watt?) was in place 2014, IF a lower court determines that damages are warranted.
SCOTUS remanded to lower courts for P share compensation, which may never come.
Calabria’s 4% Capital Rule is dead. Watt’s Capital Rule is 2% (although I have not gone back to verify that) FnF have cash now for 2%. .
Accelerated redemption of P shares (per letter put out about a month ago) plus 2% Capital Rule will put FnF in condition to release. No more Junior P share debt. No debt at all.
Lamberth’s deadline request for documents is in July. (from Jose yesterday: The parties are asking Judge Lamberth to extend Treasury’s deadline to respond to Fairholme’s sealed discovery motion to July 13. The parties say they’ve resolved one attorney-client privilege dispute and may be able to resolve some more if given more time)
The Federal Circuit has scheduled oral argument on the appeals from Judge Sweeney’s decisions for 10:00 a.m. Aug 4.
I bought 1k shares yesterday..."on the dip."
1$ gonna hit again??? Seen this many times now for many years.... ty mr Democrats?
This is just the sort of bad news-dirt cheap price drop that is a buying opportunity for longs. No fast money here but I would squirrel away spare bucks in shares and wait.
Biden plans to replace Fannie Mae and Freddie Mac.
supreMe court ruling that was not great for shareholders. Oh well.
Sold out a long tiMe ago but was always hoping to see justice done.
Issue is not coMpletely closed, but this was a big blow.
Why the big drop today? Anyone know?
I added at 1.25 going up now
And down big today? Last one out turn off the lights.
Oh ok. I thot the massive 3 cents were on some SCOTUs thingy.. it's the US China trade relationship. Ahh
Make that 2 cents now
This is why we're up
Yellen spoke to China's Liu He about "frankly tackling issues of concern"
— Saleha Mohsin (@SalehaMohsin) June 2, 2021
Full readout from @USTreasury: pic.twitter.com/Mq5vFPwoUf
Last one out, turn off the lights.
Lawrence McDonald - live via https://t.co/l7RpDTndop https://t.co/ufR331wSct
— Lawrence McDonald (@Convertbond) May 6, 2021
Correct. Thank you
All fake, just like Biden, big twist here is Peter Strozks wife is back guarding this hen house.
Scrap that, minus 2 pennies. 3b profit for every penny down.
4th Amendment Put Commons At The Top Of The Capital Structure. The 4th Amendment Changed The Capital Structure! $$$$$$$
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FRE/SPSPA-amends/FRM-Fourth-Amended-Restated-Certificate-04-13-21.pdf
Capital Structure Changed With Two Words “Prior To”.
Sr Preferred Stock Is NOW El Senor Stock.
Si Senor Stock. LOL ! $$$$$
Si Senor Stock Now Ranks Prior To Common And Prior To Junior Preferred Stock. BOOM ! $$$$$$$$
Guess Who’s Getting Dividends Next Quarter...
The Senior Preferred Stock shall rank prior to the common stock of the Company as provided in this Certificate and shall rank, as to both dividends and distributions upon dissolution, liquidation or winding up of the Company, prior to (a) the shares of preferred stock of the Company designated “5.25% Non-Cumulative Preferred Stock, Series D”, “5.10% Non-Cumulative Preferred Stock, Series E”, “Variable Rate Non-Cumulative Preferred Stock, Series F”, “Variable Rate Non-Cumulative Preferred Stock , Series G”, “5.81% Non-Cumulative Preferred Stock , Series H”, “5.375% Non-Cumulative Preferred Stock, Series I”, “5.125% Non-Cumulative Preferred Stock, Series L”, “4.75% Non-Cumulative Preferred Stock, Series M”, “5.50% Non-Cumulative Preferred Stock, Series N”, “Non-Cumulative Preferred Stock, Series O”, “Non-Cumulative Convertible Series 2004-1 Preferred Stock”, “Variable Rate Non-Cumulative Preferred Stock, Series P”, “6.75% Non-Cumulative Preferred Stock, Series Q”, “7.625% Non-Cumulative Preferred Stock, Series R”, “Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S”, and “8.75% Non-Cumulative Mandatory Convertible Preferred Stock”, Series 2008-1”, (b) any other capital stock of the Company outstanding on the date of the initial issuance of the Senior Preferred Stock and (c) any capital stock of the Company that may be issued after the date of initial issuance of the Senior Preferred Stock.
Woww. Freddie has more volume than Fannie. Never seen that before... Given the float of freddie, it's a pretty good volume.. someone knows something
Bout time Freddie stepped up like a man??
Lots of interesting fmcc talk there.
For what Bro talk to us here!
Please join us on mewe for freddie discussion
https://mewe.com/group/5fd6405d8124437597590371
2.39 today, can buy you a Costco hotdog ?? is a hotdog worthless
Maybe because commons are worthless.
Trading Central drops coverage for FEDERAL HOME LOAN MORTGAGE ORD SHS.
BY Investars Analyst Actions - public
— 3:10 AM ET 04/04/2021
On April 4, 2021 Trading Central dropped coverage for FEDERAL HOME LOAN MORTGAGE ORD SHS.
As it would have been for the past 10 years but it will not happen.
Dead money for the next few months.
Sell now and buy back later, imo.
Its Easter weekend. Releasing FNMA and FMCC would be symbollic.
If you believe in God and that Jesus died on the cross and was ressurected; then you know he is risen.
He is Risen Indeed.
Fannie & Freddie Will Be Risen Indeed.
The NYSE and NASDAQ are closed on Good Friday.
Possible SCOTUS opinion Thursday...
Choose,..
People are soon to find out, you were either in or out when it all happens...imo
This may be old fmcc news, but Calabria just posted it
https://soundcloud.com/user-222385514/ep-6-mark-calabria-director-of-the-federal-housing-finance-agency-fhfa
Detailed and relevant posts Tutt. thank you.
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