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I guess that is an explanation and a good one. It just does not hit the nail on the head as Cab said they would trade again as if they do not currently trade. Who knows. That explanation is as good as any with that kind of a riddle/statement.
Go FnF!
That action would spawn many lawsuits and new investors would not risk their money because
A. That would be the second time shareholders took it in the Fannie from our government and new potential money would know that it could happen to them when the next housing bubble bursts!
B. With so many new lawsuits filed the security of FnF would be in question and so no new investors!
Go FnF!
I think he/Calabria is no dummy. He knows they trade on OTC. I wonder if some traders/fund managers like retirement fund managers do not consider OTC stocks as trading since their policies/charters forbid them to buy OTC stocks. Maybe and I hope Calabria meant they will be trading on a real exchange where 40 to 80 million shares per day is normal for them again. Fund managers will be able to invest in FnF again. Hopefully it was a hint!
Go FnF!
Circles within circles!
The art of the deal on steroids!
Go FnF!
Obiterdictum and or everybody, I saw Calabria say that Fannie and Freddie would trade again. That statement has been making me crazy. Calabria knows that we trade on the OTC. I am questioning in what context that statement was made.
1. Did he mean that we would trade on a major exchange again?
2. Did he mean that we would trade at our real value again?
3. Did he mean something else?
I read on this forum that FnF could apply for uplisting under special circumstances as if there exceptions to the rules.
4. Can we uplist while in conservatorship?
5. Can we uplist while our share price is lower than normal requirements? Although I think if news leaked of our application for uplist then share price would not be an issue.
I realize that some of these questions are asking for opinion. I tried googling the last two questions without success. So now I will OBI all of them.
Thanks all.
Go FnF!
Sweet!
No No No! We are wealthy hedge fund owners. At least with the attention that we are getting the attitude toward the companies is softening a little bit in the media. It seems that some news outlets are turning on our federal government. It seems that the media is starting to understand a little bit of the truth. In time the public will be made aware if they choose to care. It is if the door that is closed on the truth is finally cracked open after en banc. Maybe us individuals who are not wealthy hedge fund owners and are invested in the country's economy will start feeling some love.
Go FnF!
When I got that last disbursement from AAL it was a complete surprise. FnF will dwarf my aamrq investment.
Go FnF!
ClayTrader
Draining the swamp is a bi-partisan effort. Now that should be a bumper sticker!
Go FnF
Don’t Mess With Fannie Mae and Freddie Mac
Lately they've been doing fine, and ill-advised reform won't help.
By Editorial Board September 13, 2019, 4:30 AM CDT
Maybe leave it alone?
Subscription teaser
It’s official: The Trump administration has a plan to deal with mortgage giants Fannie Mae and Freddie Mac — by returning them to the same quasi-governmental form that set them up for failure in the 2008 financial crisis. If executed, it’s likely to be a win for a small coterie of hedge funds, and a big loss for everybody else.
Fannie Mae and Freddie Mac play a central role in U.S. housing finance. By guaranteeing payments of interest and principal on home loans (in return for a fee), they make the ubiquitous 30-year mortgage possible. For decades, they operated as a public-private hybrid. Their congressional charter to promote homeownership created a perception of government backing, which allowed them to get by with extremely little capital and deliver outsize profits to their private shareholders. The perception became reality after the housing bust, when they suffered overwhelming losses and the government had to rescue them at taxpayer expense.
https://www.bloomberg.com/opinion/articles/2019-09-13/fannie-mae-freddie-mac-plan-puts-taxpayers-in-bailout-risk-again
UPLIST is my guess. Well not my guess but I agree with some others here
Go FnF
He stated that the commons will trade again. Watch the video.
As soon as an announcement is made that FnF will start the application process for uplisting the share price will jump in anticipation making it a self fulfilling prophesy.
Katy has a new follower on Twitter, me. Who is she? She reports for Politico I take it.
Push back from Congress. Trump had a pretty good idea that fhfa/treas would get busted eventually. Now he can say that the court forced him and congress can not spin it. Politics politics politics
Oh yea I like that! A lot!
I just thought of something. When Calabria said "the commons will trade again" he is either sleep deprived or he is referring to the commons trading again as they did before. At fair value. Is he clever or dopey?
Go FnF!
DJT is the puppet master here. He has been in it the whole time. It is his show. You know that.
Go FnF!
Higher lows. I am happy
The blank is appropriate
Calabria is the black knight. He does not know when he has been beaten!
It could be a collector's item since we may not trade soon! LOLOLOL
That is all for show. Certainly you can see that.
It was really a plan written on a napkin.
It was only 6 words.
Get them out
Whatever it takes!
I stole the napkin when I bussed their table.
I will always keep a few symbolic shares and spend the dividends on a superb symbolic steak dinner every quarter and remember that I once I bet my fannie.
Go FnF!
Could a moderator please sticky the I.U. conference link?
So this is what I was asking earlier. Is that more of our money that the treasury is stealing now and in the future as more are settled? 14 more?
He also said much or significantly more. He seemed to be saying that treasury would split earnings with FnF but I have to watch it again and figure that part out. Anybody else hear anything like that?
They just need to practice their lines more
Remember they must settle all court cases and make all shareholders happy enough to keep more lawsuits from being filed.
The sweep is illegal. He is full of ink. Just watch the show. He is putting on a strong demeanor in public but shareholders have the stronger position. A much stronger position because of the fifth circuit and the Trump election time constraints. ABOVE ALL Trump needs this win before the election cycle! Trump is his boss. Just do not expect Calabria or Mnuchin to tip their hands outside of negotiations. Also if they screw the common shareholders a brand new list of lawsuits will begin long before they can start trying to entice investors.
Go FnF
Here, Calabria interview already on YouTube
He said he will be there for 4 years and 7 months longer and he helped write the law and he believes now and then that it is constitutional
He did say 100 billion long term.
He did say under most scenarios the commons will trade again
He was particularly slippery and squishy and hard to get a fork into
100 billion over the next couple of years
Calamari, he is coming up soon to talk about financing the twins release
The true justice will probably occur via a series of seemingly unrelated heart attacks and skiing accidents. This is a Jason Bourne movie. Well it damn well could be!
Go FnF!
Can not comment on the current litigation for obvious reasons. We will ALLOW FnF to retain some of their earnings because we are so sweet. Share and share alike right GSEs? We will collect an exorbitant committment fee since the jig is about up with our 10% interest loan on two companies that we bought almost 80% of for about 1000 bucks. Since we control FHFA and they control FnF and we own controlling interest in the twins it is like we are paying ourselves 10% of a loan that will never be paid back to us from us. That is fine since we have taken all of the profits since 2012 because FHFA said we could.
Somebody whined and now we have to do a quick bait and switch. Now we will call it a committment fee. It is good to be this king halaluyah!
No comment
CNBC I think