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Let's see what happens the last hour or so today....
I'm gonna be optimistic about it.
Stock futures are looking up! Hopefully lots of good GSE news is responsible, pent up and ready to be released.
Gives a new meaning to pref's
Pyramid scheme:
a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones.
Get ready Amigo's!
It's going to be an exciting week! I N D E P E N D E N C E
Get ready Amigo's!
I gotta feeling way more is gonna happen this week than just SCOTUS.
Where are P's going for their celebration, for their dividend reinstatement, if they get that out of a settlement?
Disney World?
Wally World?
Carnival?
I know it's gotta be somewhere that has lots of "spinny things"
I liked that last point. Bravo!
One part the article needed to expand on is the part where they stated the GSE's are designated SIFI and take on extraordinary financial risk....they should of expounded more about how political manipulation is probably responsible for at least, at minimum 50% of that risk, and is why the government needs to provide a back stop and quit bytch'n about taxpayer risk, bail out, investor subsidized gains by tax payer and the government, etc.
If the government kept their dirty little hands out of the GSE's business and let the companies be run without being a congressional whipping boy, everything would work as it should, including lower capital requirements.
The way the government has treated the GSE's these past 11-12 years has nothing to do with capitalism, and is why they will likely have a hard time raising capital. They already worked themselves into a corner currently, and are blind to the fact that "THEY ARE THE PROBLEM"!
I bet those trade groups have liberal leanings. That will be the name of the game from here on in. As Trump tries to expedite this along, every liberal press media, group, politician on earth will try to stall this....politics. This is why they need to release the Obama larceny docs. Once the truth is known, then much easier to giddy up this process.
+uno amigo, let'r rip.
Super biased one point view can not be augmented by his stupid pyramid.
Here's a few fun facts:
Government can not attract investment in a stock that will be perceived to be overly diluted.
Common stock price, once relisted and out from under governments boot on the throat will be VALUED BY THE MARKET. It's true price will then be known. Easily up list once this happens.
Pref's on the other hand are controlled. All the government has to say is no dividends for however long. Will this affect commons? Sure, but we have stock price appreciation working for us. Always!
Pref's still struggle with the "no windfall for shareholders" comment. You are pref shareholders, hedge funds hold most the prefs, congress is vehemently opposed to any hedge funds reaping a windfall from this situation, and this administration's is well aware of that. So what is hard to understand about that? At this point I have to assume reading comprehension is not a pref holder requirement, especially since some of those law suits are about back dividends and pref contracts all say NONCUMMULATIVE with a definition of that. If pref's want things undone to get their dividens, then much has to be undone for commons, so that would shoot your conversion, cram down, reverse split all to hell.
Pref's think the stock gets crammed down, reverse splitted, converted to oblivion and before that they will get 125% par and their back dividends....lmao. Greedy much! Yet they want to be converted and for the price to magically go up somehow after all their conspiracy thesis is incorporated. I hate to tell ya...there is way more bias to hurt the pref classes due to the hedge funds owning, bod being paid in commons eventually, the need for maintaining a strong price throughout this process and once consent decree is implemented, commons most likely get their voting rights back to have say in any recap offering.
You pref holders keep the dream alive though. Lol
Soooo now would be a good time to get out of fnmas. Everyone knows sell the pop because the next day fnmas drop!
Somethings gotta give on that FNMAS price by the close today....6 million shares off loaded and price goes up? I guess the last pref holder in the pool gets par on his shares. Lol
Maybe government is buying up from the sells? That would help get rid of current high dividend pref's so new lower paying pref's can be issued later.
Hope you're still around when they release those Obama documents....
Why is it again that he asserts presidential privelege and does not want them seen? Sure ya got a good explanation for it right?
Pretty sure ya got that backwards.
What private investor do you know who will back a competitor of the GSE's, that is willing to fund an outrageous amount of capital? This is why competition talk is dead. No one can afford the start up cost, no one wants to tie up billions or 10's of billions in capital account doing nothing but providing insurance for a rainy day.
Then there's the shadow of the government constantly overhanging your business and the potential for them to sweep in and take you over.
Honestly...who in their right mind would be a competitor after studying the current GSE's political and financial requirements?
I Honestly think Trump wants this done yesterday. He will probably rein in the justice department and not let any motions that don't make sense, from a fairness stand point to both GSE's and his admins work to release. More good things coming in the next few weeks,,I am very hopeful!
Keep the faith. We fought a revolutionary war to keep from paying exorbitant unlawful taxes to a monarchy. That is why the constitutionalist scotus judges are so important that Trump installed. Imagine if those two judges he appointed were like Ginsburg and Sotomayor! Where would we be?
Yeah....that "other guys" an idjit that's been proven wrong numerous times. He talks alot of stuff like my morning bowel movement.
Awesome Ano.
As I have thought...shoe dropped just b4 the 4th and I believe we are in store for more news/events going into this weekend and through until next week. Now that SCOTUS has finally set the ball in motion, I think there will be more of an urgency, more than ever, to get this pushed as far down the road before election day. GTA common sense folk.
Trump is da man, watch! He is letting the courts work through this, unlike Obama who threatened them with his justice department.
Trump is letting rule of law play out, I know we all wish it was way faster, and it should be.
Agree, I recall eyeing the same. May have been an Ano or Obidictrim post possibly. I do beleive that language is in HERA
Some place needs to do a case study on stock price manipulation and use the GSE's as a prime stellar example. The price is not budging a penny! This is un-fing real.
Oh yeah, being trapped his mom's basement gives him loads of time for analysis ; )
Lol, lmao
Is that why fnmas are DOWN 2% already today?
Why not? The director was installed under a "jurisdiction" that was not legal from the get go.
Because judge Roberts had to explain and CYA his puzzy opinion. Ball-less SCOTUS unless a group of loony activists are involved.
Jeddiemack I think it has more to do with the bearing the ruling will have in helping lower courts determine the cases that are on hold due to this awaited SCOTUS decision. The decision itself will have a direct "weighting" also, of course though.
Good stuff Ano! Thanks for your clear headed analysis and research.
If we ever get that chance to have a GSE shareholder party, I'm buying your drinks all day every day. Lol
I think the government is finding out companies do not trust them much at all due to this situation. Look what happened with the bail outs offered during this virus. It may not seem like it, but I think many in the business community are wise to the GSE illegal take over and fleecing from previous admins and are watching this admin closely.
How many current executives are shareholder elected, none.
If you think the bod is going to work for free, you're dreaming.
MS the other investment bank, and the advisors are not going to say attract talent (new bod and lower management) with pref shares, who does that?
Yeah, and Warren B bailed from them long ago because though he was not a brief holder or witty, he was wise to just how much power they held being noncummulative and knowing liquidation was never in the cards.
Keep pumping though, you guys need to keep grabbing at those threads.
When MC said capital raise will be up to the companies, I'm prerty ( my opinion) sure that means the BOD and shareholders. He and the fha will be involved for quite some time while cap level goals are attained. Consent decree release only takes the lowest cap level, so at that point fha/MC will still be involved, but at that point we are released and running of the companies is on the BOD who answers to common holders, not JPS. Ideally something happens with the warrants, seniors and the court cases by the time consent decree takes affect. I do not think JPS will be offered any conversion nor will commons be offered anything, other than what comes from the courts, before consent decree is instituted.
Why? Because that complicates the release a lot, relist and consent decree purpose, which is to start operating unobstructed out of the gate. JPS may very well be just JPS, awaiting a dividend or liquidation pref.
Jps folks are pro's at skewing and misquoting for their own benefit. They will be answering to a shareholder vote if any pref conversion is in the future, which I doubt.
Unless....he finally gets it done. He can not make courts work any faster, but I do beleive he is muzzling the governments lawyers from fighting the cases very hard. He wants the truth out but wants the courts to provide it legally. Otherwise Dems go all vandetta even worse than now on him. He's playing it out. No possible way to make judiciary resolve all those cases. Time is coming though, we are at scotus level on some of the issues, no more wiggle room, somethings gotta give soon...Trump probably wishes court cases now were where they are a year ago, but again, what can he do?
Yes! Agree. Trump is playing to his strength, he knows previous admins were wrong and will shine the light. COME ON JULY 4TH!
MC yaking....not bankruptcy as in chapter 7...more like a chapter 11 restructure. Keep in mind he is not allowed to telegraph anything substantial while courts are involved, but even after that fact he can not allude to any inside info.
GSE's doing own capital raise is how it should be, with proper board and shareholder vote. Are JPS seeing any light yet?
I am buying extra fireworks, just in case.
I beleive there were other events that happened around holidays through these years while Trump has been in office.
Treasury submitted the housing reform plan a few days after Labor day. The Enbanc decision as you pointed out. The announcement of the capital rule release came in May just before or after Memorial day.
I'm hoping something major gets announced the closer we get to July 4th or just after. It would be great if we got uplisted, maybe a court decision or 2, or announcements that are positive about the warrants and sps disappearing.
Those ARE THE FACTS!
Has any judge read this material, I wonder?
Any normal investor or person can easily come to the conclusion our government (previous administration's) were no better than the mafia.
The verdict is still out on the current administration, until we see how they rectify this terribly unjust steam rolling of two companies and their investors.
+1. Great idea
Nope,
Once released, uplisted and court cases settled we will see 15-20$.