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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...
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 ?
What is up with FNMFM?!!! Hopefully we got some foreshadowing going on...
FNMFM 9.94 +4.44 +80.73%
Trump will be a few votes shy of securing the nomination after tonight...looks like FnF preferreds are moving in line with that...FNMAS up bigly
Fannie and Freddie’s stocks have gone up on speculation about a tight presidential race, but would a Trump win really deliver privatization? My story on the odds: https://t.co/3WrHAr61s1
— Katy O'Donnell (@KatyODonnell_) March 4, 2024
Ps red, as it should be. Commons should could and would be same or more if unconstitutional and illegal actions by government were stopped.
U still have the issue of comprehension and math. Go back and read, I said rounding off, so ur a trivial moron??? U always round down below 5. Is this your knowledge base, trying to knock someone down with 6th grade arguments? Pitiful.
lol, I have math & reading issues?!!...At first you say $4.80 to $4.30
yeah i know, for those lacking in amplitude or simple math, memory, and reading skills ill review.
ok infidel, figures, some seem to think about school gilrs, i would know the first thing on what makes little school girls giddy. Freak its now down 60c ouchi woochi
wow FNMAS did a 10% swing from 4.8 to 4.3, must be a figment of my imagination if Shellgamers say its huge for JPS? was that for JPS shorts?
Make it happen…
— Free FnF (@afguy31) January 24, 2024
All Fannie 50's have broken the $6 threshold...Freddie 50's not too far behind.
Excellent point.
Preferred are all green on my screen. I still do not understand those who see the game as pfds vs commons. The game is pfds plus commons vs FHFA and Treasury.
Preferreds headed down the crapper along with Bradford. Good.
This was a fun week! I am now more on the side of Tim Pagliara's belief that Biden will release the twins after reading the Bloomberg interview with Fannie CEO Priscilla Almodovar.
Unusual for FnF leadership to make public comments like that...I don't believe she would without the blessing of the Biden admin.
Biden is getting trounced in the polls by Trump...he needs some kind of policy victory and housing would be a good one
What's the difference between an overflowing nuclear waste landfill and FNMAS ? Not much.
You are getting some nice returns on your recently purchased FNMAJ...well done.
Today was a good day. After last nights landside in Iowa it is obvious FnF wants Trump to win...FJB
Observing both Commons and Preferred movement, the thing i like about preferred is when they move, they dont bounce around and often lose all gains by end of day. that predictability does make them more attractive then commons. In order for commons to break 1 and move to 2, they will have to have that same predictability(strong believers or hands , as some call it, its a cheezy description and is more like value investors, or even strong speculators)
I toko my 4Q tax money and brought FMNAJ in Nov, Dec. will hold off as long as I can for this pop and payout from the settlement.
Another good day for preferreds and commons blowing up...Exciting times the last few days.
Curious what is behind this price movement - my wild ass guess is a change to the capital rule...I guess we will find out shortly.
Yer was hoping to get more this week but dam thing got away on me! Hope it gets delayed until Jan 12 or something gives me time to buy a lot more
FNMAS closed at $3...12% of par
I jumped in on Friday FNMAJ @ $1.98. Loaded up with spare cash for the award on 21st . It's freee money why wouldn't you buy more JPS for a free payout !!
I should have jumped on this for the ride.
I've been buying FNMAP ($50) since the jury verdict in August. Normally trades a few thousand shares per day.
Someone got in big today...1,061,244 shares traded so far
FNMAS up 25+% in the last few weeks...closing over 2.50 for the first time since very beginning of the year...
Nice start to the week with almost all of the preferreds up a few points... Bump in anticipation of verdict certification?
I'm long on my JPS will never sell because I believe the same. One day they will be released just a matter of time as the wheels are turning and more and more pushing by companies people in high positions are speaking up. Common shares are a gamble once news or any sniff of release etc commons will eplode but sell before they do the cram down and R/S. Quick cash and hold JPS for dividends. If Trump gets in in 2024 we may be fast tracked to release but if we don't then it's another 4 years on lockdown for the GSE's
Have long position in GSEs. I still believe somebody is not a thief somewhere in government, stupid eh.
Yes very true very true but one can't help themselfs when it comes to a wild card play with these odds !! It's worth the gamble on the GSE and JPS
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