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ride the wave, surfs up!
Because elections have consequences in terms of driving federal policy which in this case is what will end the conservatorships. I think this continues. Fnmas new 52 week high
I think the buying from friday continues — that debate was an awakening of animal spirits of buying we saw friday. Hard to imagine that buying spirit fading out of sight for very long
Would like to see this recentl price action post debate continue
nice day
Up 4.38%. Nice. A hedge fund trader i know bought recently on the decline. Fwiw
sure,
i haven't seen any of these potential legal filings/briefs yet so haven't posted any, shrug.
i usually get them in my email from someone who checks pacer.
josh angel just had his case dismissed --- his angle has always been a bit different.. he has had interesting arguments and i think he is a lawyer that represents himself which is pretty neat.
I try to post all the fanniegate legal filings from all angles. What else, I have been in this trade since about 2014 and have shifted in that time frame from owning commons to preferred.
You dont know nothin about me, sir.
My thought here is that the end result of this is that you will lose, if you have money, you will lose whatever that is to settle this or whatever. If you do not, you will have to file bankruptcy.
I will follow this pending litigation the best I can.
I do not think this is a mistake on the part of Pagliara and his law firm. I think this mistake belongs to you. That is my opinion.
Good luck, tough lesson. Would probably bankrupt me. Would wipe out 10 years of my hard work to get as many shares as possible.
That is a tough lesson. Ouch.
Smart. All pfds too!
sounds right to me
shrug, the litigation has kind of impacted this security, where there is now no dilution protection basically and a spspa that is pretty big
cannonball!
I do not understand why you are out attacking people. The people you are attacking with false statements are powerful. Unwise.
I like your screenshot of Pagliara taking time to talk to you. He was trying to be nice.
You should pay close attention to what he says as he has been involved for a long time in a big way.
Maybe you will get what you wish for
You are just making yourself liable to slander. Unwise.
Huge fan of yours
i dont have full text
Clearest evidence yet Conservatorships need ending--this sector was designed by statute to be one level removed from politics, not one level more enmeshed: 1/3
— Rob Zimmer (@RobTVDC) June 12, 2024
"He said he has talked with some Biden advisers about possibly making a bold political move in the final months of..."
No. Calabria (prior fhfa director) laughing at the question of warrants expiring driving a deadline was the reason. He asserted the warrants value was a rounding error and that treasury would never write down the value of its spspa. Expecting a cramdown conversion he said. The interview by bloomberg elliot stein. See his twitter. On apple podcast news.
calabria laughed on a podcast about the warrants having any value, said that the government's equity position saw their value as a rounding error and pointed to the spspa as their position and said that the warrants expiration was thus not a catalyst. he was prior fhfa director
no not really, although i am still optimistic
Security!
(Security analysis)
Aka the jps have security. Commons? Not if spspa is monetized
Good luck.
Maybe when the government restructures its equity you will realize your theories about what may or could happen in your half conversion scenarios do not hold water
0% probability of partial equitization. 0% probability warrants do not get exercised. Based on the recent ibank re-up — they pointed out that the spspa would not be made whole even the stated value in a conversion scenario based on their valuation. Tough crowd. Highlights how much damage the government has done to the balance sheets of these companies. In that context, the only reason to write down anything is to maximize the spending value of the warrants. Otherwise, spspa will fully convert and whether it gets paid face or not depends on market valuation but it is possible that spspa isnt even made whole.
Fnmas hit 52 wk highs today, admittedly it is higher in the capital structure and a recent i bank report forecasted a scenario where they make money from current valuations. Spspa conversion kind of is the enemy for existing commons. Not sure if the solution here is to write that down to spend the warrant money, but the original cbo report had the spspa getting paid off face and the warrants being worth up to $110b. The recent ibank report did not seem to be very bullish for the existing commons. Mostly forecasted spspa taking a haircut at an 8x earnings valuation. Oof
i think all he is arguing for is the audited balance sheet.
Good luck. Keep wishing for it. You may get it. Idk. Im not betting on it
The $125b is existing current net worth, not spspa related. This is from retained earnings
considering that this investment is 100% politically driven
oh cool politics allowed, lol
There is no secret account. It is a malicious lie propogated by carlos vignote
This bullet from a recently released investment bank plan would disagree with your point here.
• In the event that the Senior Preferred Stock liquidation preference was reduced to zero (whether via write-down or equitization),
the full $125+bn of combined total equity could count as Tier 1 capital
Actually jps are fine with wherever commons end up so long as it is not zero. The reason jps do not own commons is because they lack security based on a spspa monetization scenario. Sure that scenario if you look at it from 2007 is unfair, involved accounting fraud and government deception — but the courts are with the government and so that is a tough reality to reconcile i suppose for people who think the world is fair. Good luck bud
$fnmas animal spirits waking up
I tend to agree here. The commons are a gamble on write down. Which i think is a bet on warrant monetization to fund housing
Jps chart best ive seen in years. Moving higher now
I think that we are closer to the end than the beginning. But the spspa kind of is the problem for why i dont own commons. Either the spspa has value or the warrants/commons have value.
commons up today, hooray!
in my view, they have value if the government writes down the value of its spspa.
Pagliara thinks that is the deadline for any Biden action based on what he heard 5 months ago. Since then he seems to be less optimistic of anything happening. I still am optimistic. Capital plans are coming next month