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What are your thoughts about receivership as part of the recap?
They can do a reverse split giving us 1 share for 1000 of old shares. Anything can happen.
They will probably do a reverse split on current shares unfortunately. So 100,000 shares will be 10,000 and be given new shares at that point.
I like the sound of that
Totally agree... Hank was flat out promising they were sound financially and then days later they steal almost everything away...
Key thing is no one will invest in the IPO if all current shareholders get f@#ked over.. a preview of what the government could do again.
No that's not true
Ellie Mae is a private company not even close to fannie or Freddie
If we get past not getting wiped out we are lucky to see 10.00 I would guess there will be a massive split for current shareholders (not in our favor but better than getting nothing)
What if they wipe out commons??
Where is this in writing? Why would they cancel preferred and keep commons? It's great if they do but I'm just trying to make sense of it since normally that's not how stocks work.
Sorry I don't think preferred will be cancelled.. if so then commons will too.
This states nothing about the common shares... Can anyone explain?
Will they keep the commons??
Brian in many cases has been right about the housing market. Let's hope if he's right on the recap that it will help stock holders.
I think the government is trying to claim a need for receivership, what does everyone think?
All they would need to do is sell part of the warrants and then they can recap and exit CS
It is a no brainer... Ackman just needs to show Trump he can sell the 80% stake the govt. owns in FnF and then there will be lots of money to use for the public's favor on projects or wipe out debt. Therefore I think we will cont. to see the pps rise big over the next couple months. If OB would have been smart and just listened to Ackman 4 years ago he could have done the same thing and been a hero but he never has run a business before so why would he do that..
What page or where do you see this?
So why the big drop in the afternoon? What happened?
On BOA's program 27% of the risk is covered by the PMI companies its only still 80% risk to FNF like all other loans. This same loan program has been on the market for over a year now thru almost all banks.
yes so very true! Lets get started!!!
what exactly do you think will happen in the next 10 days?
Did you hear this as you were walking in the halls of congress or what?
Isn't the AIG/Greenberg case going to wrap up today? Maybe we will have a nice result there?
When will we hear the results of this?
Why do you feel 2015 will be for them?
that along with the AIG case being favorable.
Basically do you think the govt will try to claim FnF have no money and claim a BK, to ditch lawsuits?
How is the IRS data connected to F and F?
Any estimate on when the AIG case will be done? Or when we hear anything?
Isn't that the day last year that the stock tanked because there was a possible chance of that GSE reform bill was coming out? Hopefully this year it will be the opposite and the stock will tripple that day??
Where is the actual link?
OMG WOW!! This is what we need!! More attention like this...
haha no kidding don't these people have this new thing caled "google" to look up quotes in any part of the world?
Do we have shorts covering right now? Keeping it from climbing?
Once the news is fully out we should be back to 3 or 4 in a matter of no time.
Haha yes your math is correct. You cannot be down 400% unless you took a loan for 3 times what you had to start with?
Exactly agree with you! If you are actually in the banking and lending industry you know that things are way cleaner now. They could even do 100% again but with the new standards the loans are cleaner than ever before. Also if you fully know all that happens to make a loan with fannie and freddie you will know how impossible it could be to create a "New" mortgage type GSE.. therefore the ones that think it is possible or so simple are complete idiots. it would destory the US.
Yes I heard the same thing.