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Fisher has the law on his side but in modern America, that matters little..
I suspect we will have not received a penny at the time of his release in 2030. Those in charge of the orderly closing will milk the cow for expenses until the cow can produce no more.
Sherrod Brown is nothing but a blowhard speaking with forked tongue. In other words, the typical politician!
Yes ...indeed.
I wouldn't trust Mnuchin as far as I could throw him . . .and I have no arms.
Same as Watt . . . filling a chair behind a desk. Of course, she needs a much wider chair than the narrow Watt.
Mnuchin had no intentions of releasing the GSEs, in my opinion, because it was known that the TBTFs wanted the GSEs to fail so they could get the books of business. Trump, in his letter to Paul said he wanted them released. He delegates authority.. He expects his wishes executed and moves on to another topic. Mnuchin made it look as if he was doing something, albeit slowly, and, essentially, wasted four years. I think it was a stall tactic to keep the TBTFs' wishes alive. We all know they could have successfully released during that time of Trump's term. If Trump was at fault, it was for not looking back and making sure Mnuchin did what he wanted.
Cark Ichan suggested Mnuchin to Trump. I think he did so to help him (Ichan) get the government's hands off the GSEs so he could make another fortune. He held some $50M in GSEs at the time at enormously suppressed share prices. Mnuchin screwed Icahn over as well.
Geeeez Rodney5! The law, what stinking law. LOL!
These conservatorships have shown, at least to shareholders, what a JOKE our entire government has become. I'm not even confident now that justice can be achieved.
"I do not believe the two of them (Mnu and calab) would have the guts to violate the presidents order if he wanted it to happen. Particularly, if Paulson and Icahn were having his ears"
You know Calabria is a bird-brain academic who has to be brought inside when it starts raining. The snake-in-the-grass Mnuchin was telling him what to do and Mnuchin is a Goldman-Sachs alum. That's all you need to know to form a truthful opinion.
If he's still associated with the snake-in -the-grass, he probably needs to be in concrete.
"Can we have Mr. Otting back ?"
Otting broke ranks and gave the impression he was going to help the shareholders. He is somewhere unknown, encased in concrete.
"Be patient and wait for your pitch, sluggers."
All the pitchers are deceased. All died of old age. All were waiting for conservatorship to end to throw that 3-2 pitch!
And in what hiding spot can we find the SEC in all of this?
"the President has clearly stated that his objective is to dispose of the government's investments in individual companies as quickly as is practicable.”
See, the trick is in that last part "as quickly as is practicable". That time never has nor never will arrive.
"“The exercise price was set at the average of the stock price during the 20 day period preceding the day that Treasury granted preliminary approval to participate in the CPP program”
Why not just make the exercise price ZERO since the 100,000 shares/dollar was so terminally, laughably ridiculous. I would have bought Fannie Mae myself if the government would have sold at their so-called "exercise price".
" they paid like $0.001?"
You wish! Be more free with the 0s.
"i don't like either candidate but if one of them will at least partially right this wrong I'll take him."
Sorry, one of the candidates thinks Fannie and Freddie are some of his snotty neighbors in Delaware.
Shareholders here are like those two knot-headed brothers on Oak Island. Everybody tells them to sell and move on but they know there is a treasure there . . . . somewhere.
"I think the sherwin-williams reference is
Very accurate for what the MM’s are
Doing to us. Maybe we should name them
The SW MM’s will be less irritating for you."
What the MMs are doing to us, what those in government are doing to us, and what those in the judiciary are doing to us is more readily found on a porn channel rather than a paint store!
Dow closes at 40,000 and F&F are sucking air!
Fairy represents the next designation to be used in progression LGBTQ+.....soon to come, LGBTQF+!
Looks like Dr. Lye can't keep a job very long anywhere she's been.
Oh, and I will add:
Ichan at 88+, doesn't have all that much time to be f'ing around with this investment, waiting for pay day!
"And you left out that Trump is really good friends with Carl Ichaen who owns the common shares."
....and who also got screwed, like the rest of us, by the Goldman-Sachs alum, that POS Mnuchin.
Wouldn't you love Fannie & Freddie being halted for volatility! There is NO volatility in the bowels of the stock market so any craziness would have to be in an upward direction.
Censorship is alive and well in this POS world we now live in and it has arrived at the speed of light!
"Calabria is basically an idiot. His opinions are no better than an 8 year old and he knows little about what has gone on here.
Just a guy looking for a free meal."
He thinks he had a lofty job. As a gauge, just look at what replaced him. When the present one is gone, the next can be easily found in any cow pasture in the country.
We are a motley crew fighting windmills . . . the brunt of jokes for those in government.
"Did @RepMaxineWaters or any of her co-sponsors calculate the per unit cost?"
Waiting for the former maid to calculate anything is like waiting for Gomer Pyle to formulate the theory of relativity!
"crazy. not voting this time. we know how it was under both. $1500 down to $0.40 in 16 years, yanked retirement, 529 and many died without seeing their hard earned money."
And if the government's plan works out, many more will die without a pot in which to pee! Many people in all three branches of government know of our plight yet no one, not a dam one of them, has stepped up to our defense and loss of rights. Nobody!
God try TightCoil. That was 2014.
"What on earth is left for Lamberth to rule on? Geeeez."
Backs up my opinion that he knew nothing about finance but has to make a ruling so he and his clerk(s) are trying to get educated. I worry about situations like this where a person doesn't know his ass from a hole in the ground...
Most interesting podcast!!!!!!!
It's almost a "gimme" that it's not F&F!
Not UPLISTING ....It's UPLIFTING....from basement level 10 to basement level 9 . . . 5¢ gain.
Guido,
If you wake up one morning to find your feet encased in concrete, and before your journey ends, know that we appreciate your efforts
Yep, that's why there were recent jokes about 5%. As soon as 4% is achieved (which is way out there) the government will then move the goalposts to 5% . . . so on and so forth........
"So how much capital do they need before they can start dividend even minimum?"
Apparently all the money currently on the face of the Earth!
"Freddie made .52 more per share than Fannie! This is why the majority of my shares are in Freddie. I still keep 18 percent of my shares in Fannie. GLTA!!"
Doesn't really matter because Uncle Sugar says the closest you will ever get to that profit is in the report you read!