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And you would be DA01 With a capitol DA
Are we still going to be 5.00 by Friday? Oh wait, today is Friday
Funny thing is those same mouths calling folks lemmings say they are trading. Buying dips and selling highs. So they are allowed to buy ans sell but no one else is or they are lemmings. Perhaps the ones called lemmings are trading as well. To me those lemming posts should be deleted as they are berating others on the page.
This is from the 10-Q released today as well. How they say things isn't pretty. Could explain the red letter days
We have been under conservatorship, with the Federal Housing Finance Agency (“FHFA”) acting as conservator, since September 6, 2008. As conservator, FHFA succeeded to all rights, titles, powers and privileges of the company, and of any shareholder, officer or director of the company with respect to the company and its assets. The conservator has since provided for the exercise of certain authorities by our Board of Directors. Our directors do not have any fiduciary duties to any person or entity except to the conservator and, accordingly, are not obligated to consider the interests of the company, the holders of our equity or debt securities, or the holders of Fannie Mae MBS unless specifically directed to do so by the conservator.
We do not know when or how the conservatorship will terminate, what further changes to our business will be made during or following conservatorship, what form we will have and what ownership interest, if any, our current common and preferred stockholders will hold in us after the conservatorship is terminated or whether we will continue to exist following conservatorship. Congress and the Administration continue to consider options for reform of the housing finance system, including Fannie Mae. We are not permitted to retain more than $25 billion in capital reserves or to pay dividends or other distributions to stockholders other than the U.S. Department of the Treasury (“Treasury”). Our agreements with Treasury include covenants that significantly restrict our business activities. For additional information on the conservatorship, the uncertainty of our future, our agreements with Treasury, and recent developments relating to housing finance reform, see “Business—Conservatorship, Treasury Agreements and Housing Finance Reform” and “Business—Charter Act and Regulation” in our Form 10-K for the year ended December 31, 2018 (“2018 Form 10-K”), “Legislation and Regulation” in this report, and “Risk Factors” in both this report and our 2018 Form 10-K.
Man people on this site are really thick headed and one sighted. I usually only post when you guys and gals need a lesson on things you just are blowing out of proportion. 2 things you need a lesson on today. I have said it before and guess I have to reiterate it again. There has been no reason for the price to skyrocket as I have seen posted here all day and every day for that matter. No lemmings or MMs holding things back.
Smart folks know that.....
1. This LOA is nothing more than taking money out of one pocket and putting it in another and charging interest for it. This is all being charged as a draw on the treasury to retain their own money. In the end it will also cost them interest on the so called money they are borrowing to build capitol. The Gov is still robbing us blind and even more so than previously. I can't believe people are falling head over heals about how good this is. It is a farce. The courts are our only hope to eventually call the whole thing illegal.
Speaking of courts.....
2. The swipe has never been called unconstitutional nor illegal by a court or judge. The 5th circuit only reversed Judge Atlas's dismissal and remanded the case back down for future review. It's FHFA's leadership structure that was ruled unconstitutional, and the Fifth Circuit's remedy was to only change the director removal for cause clause.
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Best news of all, today, There is STILL no indication of any formal appeal in the Collins en banc. If this holds, it signals at long last the end of the GOV siege of the GSEs.
Why would they appeal? They are having their cake and eating it too. They say they are stopping the sweep but they are just moving money from one pocket to the other. By increasing the draw for every penny they say can be held for capitol they are losing nothing. We are really gaining nothing. Compared to what it is today, it is a wash on paper in the end. Unless the courts say what they are doing instead of the sweep is just as bad as the sweep itself then we actually lose.
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Are you kidding. With all the positive news we are going much higher with no split of any kind.
Splits only happen if the stock price is very low (RS) like $.000 or very high (FS) like over $1000 pps.
Splits also happen when they try to push out common shares holders holdings or to just lower the share count. They could conceivably do just that. I wouldn't put it past them to do a reverse split before converting their warrants or SPs so they can get mega amounts of extra monies from the conversion. We should just wait until the end before doing all these happy dances because we are in the end, talking about our corrupt government.
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191B will become 197B if buffer raised to 12B from 6B
Yep Yep Yep! True statement. They said any amount of capitol build will be considered as a draw on the treasury and thus increase the amount owed back to treasury in the end. So I wouldn't get too happy about this so called capitol increase. Now if they flat out eliminated the sweep with an amendment then I Might even do a happy dance. Until then I won't get my hopes up for anything. Nope Nope Nope!
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I bought American Airline at 1.50 and sold at 45.... Fannie may be bigger in many years to come, but that was pretty dang big.
I rode it all the way back down to 32.00 before I sold. It was a sick roller coaster ride. I kept waiting for the promised 55.00 which never came. I will not ever make that mistake again. If I see a point where I am happy I will dump. Unlike some of the folks here going to wait until 200. They will be sorely unhappy when the same chit happens to them.
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There's actually something scarier going on here imo. It's been known for years that big banks want the GSE's gone so they can control the lending market.
Banks already control the lending market just because they are the ones with the money to lend. Why in the heck would big banks want the GSE's gone? Who would buy their loans? Banks can't hold onto the note for their duration or they would not have new money to lend. They get their fees and sell the loans. With the GSE's gone their money would be frozen. GSE's are the only game in town for the most part to buy the loans after the banks make them. Where do people come up with this nonsense?
They only rejected it when the plaintiffs asked for help. Now that the gov asks for it they could and will probably grant it. Remember the swamp runs deep. Ain't big enough bilge pumps out there to actually drain the dang thing.
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Crapo has his head up his ass. Everything he said was inaccurate. Continue with legislation like we started to 5 years ago - was he kidding?
Crapo and Brown are both blithering idiots just out to smear Trump again. They are just using this platform to vent their hatred. That was one of the hardest things to listen to knowing how much BS was spewing out of their mouths.
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What do you think $FNMA is worth if the Treasury not only takes the 79.9% via Warrants, but also Converts their Sr. Preferreds to Commons?
If they converted SPs and cashed in the warrants would they be beyond the legal 80% ownership? (They would have to exercise the warrants first.) So my question would be, can they do both"?
In order for someone to be loading someone else has to be unloading.
Hmmmm You still have nothing clear. You have rhetoric saying they want them released in some fashion. Nobody knows what that fashion might be. It could be good, it could be bad, it could be nothing at all. Only time will tell.
Actually no it doesn't. It actually enhances them. There will be no details of the IPO at first so it sounds like they are waiting for something. Very well could still be waiting on the courts before tipping their hats.
If he is unhappy with what the Gov told him or did then he could easily rectify it. It was sent back to his court on the appeal and that is where it still sits. He has done absolutely nothing since that point. Even after all the information that has come out since his nonsense ruling he sits and does nothing. Might not be bought and paid for but he certainly is in no hurry to rectify the problem either.
These folks have no idea what realism is. They are delusional one way or the other. Either hard leaning/tilted to Fannie going to live or Fannie going to die. No one knows and can only speculate at this point. Some have a best guess with a little support but most talk trash just the hear themselves talk. Self importance. LOL There is a lot of that on here. There are some knowledgeable folks here that help with law background and previous experience which are greatly appreciated. I am with you on the realist. I see things for what they are not for what I want them to be or what someone else tells me what they believe they should be. Most of the time facts make you/I look like a Negative Nellie's but it is what is it. Don't wear the rose colored glasses. It is like drinking the kool-aid. LOL
Nope no breaks here. A large % of his articles have nothing to do with nothing. He gets tweets that some of us without twitter accounts get and some really old articles that are no longer useful. But I find most of his stuff is fluff and no content.
Funny as hell this guy. He finds some good items to post now and then but for the most part he is nothing more than a loudmouth shill for himself. He says he trades all the time yet when someone else trades they are lemmings or manipulators and so on. His nonsense is so old on here.
What is the date of this report? I see it as 2012. Quite outdated.
He can let it play out then. Delay delay delay is not playing it out. It is ......delaying it.
If he was waiting to keep from looking like helping friends then why are they still fighting and delaying time over time in court? Silly comment.