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All for the benefit of big banks. The same schmucks who got us into this mess
The most important aspect imo:
And the required changes are straightforward. First, FHFA and Treasury must agree to declare that Fannie and Freddie have paid back all of the $187 billion they were forced to draw during the financial crisis, including 10 percent interest (which they have done), and deem Treasury’s senior preferred stock to have been repaid and cancel it, along with Treasury’s liquidation preference. Then, FHFA must replace Calabria’s ERCF with a rule based on the companies’ actual business and credit risks. As I discuss in “Capital Fact and Fiction” on Howard on Mortgage Finance, a rigorous and highly effective capital regime for Fannie and Freddie can be built with just three elements: (a) a true risk-based capital requirement based on a stress test run on each company’s book of business every quarter, with no cushions or add-ons; (b) a single “all purpose” capital cushion, calculated as a percentage of this true risk-based requirement, and (c) a minimum capital percentage aligned with the risk-based capital requirement.
Pretty sure Howard mentioned writing down and canceling the Spsa and warrants and well as the NWS. Nice write up and thanks for the maths!
I’m freshly 33 and holding 100k Fannie Freddie and will add 100k each under 50c maybe some preferred then too I’m thinking fnmas under a buck I’m a gambling man and the risk is worth potential retirement by 50 and very well off. Plus always have the.crypto and the business to fall back on . Gl to ya
It’s not holding. No reason for it too right now TA out the window imo
If that’s the case, then by then be loading sub .50. Will be right there with ya
Thanks Guido. I held put today as well. Will see how it plays out.
Thanks Guido. I held put today as well. Will see how it plays out.
From my warm gloved hands... will enjoy a large swill of Macallen as well. Cheers
Well said!
Why would gov and treasury Settle? The can will continue to be kicked down the road and no one has the balls to do anything about it. The courts refuse to reign in the legislature and the executive is accountable to no one. Sad day
When they rejected hearing Texas v pen in election case over standing, that was the nail and precursor to what was coming. justice is dead
Just goes to show the state of our country. Makes a lot more sense now why the govt didn’t even try to defend its actions in front of the SC. They didn’t have to! Bought and paid for
Sad truths
Our govt is now nothing more than a protection racket: joke
JPs is the most worthless part of this Saga
Wow what a bunch of cowards
Totally agree, just have no more confidence left in any of our once great institutions. Roberts has destroyed our SC. They legislate from the bench. Do they have the necessary strength to put the Fed in its place? We shall find out sooner than later! Gl
Doesn’t bode well for us imo hopefully we find out next week!
Someone wants out or is pulling Fannie down with huge block 300k
Cdel wants a lot of shares at 2.25
Right? Have another 100 coming cleared next week please keep dumping :D
Thank you for this Navy great read
If they drop the ball on this decision they deserve it. If they can’t uphold the rule of law, then what’s the point in the SC as it stands?? Just another group who legislates from the bench
Well every week no opinion will be adding another 100k. Best of luck to us all. Have a great weekend all
Back and fully loaded up. If we have another week will add another 100k. Take me out of the kitchen FnF!
So is today the day??
Holding core regardless until dividends reinstated. What’s a few more years wait time after all this? Likely won’t be taking profits to core unless outcome from SC is not as desired
YOLO!!! And it this point, the risk is worth potential reward
Next week I’m going in hard. Atleast 100k shares to add may double by end of week. Do or die neh?
Loaded and loading much more next week. I don’t see how we don’t win Atleast our freedom back and an end to our conservatorship prison sentence.
Nice dip with the market was hoping for a better load zone
Agrees
Had seen a chart this am showing no more opinions from SCOTUS in April. Not sure if correct
If decision news did leak we would see 100 mil volume and quickly imo. Too many are aware of the spectacle and don’t want to miss the freight train if their is to be real justice. Still holding core tempted to flip but expect this rise trend to continue every Wednesday
Have a nice weekend all. Sooner than later
Some not so stealth loading hah
Bought 1500 shares at 6.50 lol
Nakd and NoKo are next up for Reddit boys with amc and Bb too. Crazy!
Sad truths. Can’t let the little guy show up the “pros”. Funny thing is with how fundamentals have flown out the window, there is a whole lot more of this to come. 3 funds bankrupted in a week! Glorious