Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's fun speculating, isn't it? I'm sure the governments plan is to bend over backwards for pref's and even powder their tushy's while throwing shareholders under the bus. Yeah, go ahead and beleive that. I have yet to see a legal ruling where they have said pref's were mistreated. Every ruling I see talks about common shareholders.
B. McFerrin gets it....
Here's a little song I wrote
You might want to sing it note for note
Don't worry, be happy
In every life we have some trouble
But when you worry you make it double
Don't worry, be happy
Don't worry, be happy now
That's a good question! Or it could be more $$$ in governments pocket.
Wonder if closing the market will have the unintended consequence of putting a run on the banks?
Aaaaaalleluia, alleluia alleluia
+1 Exactly! Keeps using other court cases with other companies to argue his point when this is unlike any of them. The others were done LEGALLY.
Nor does it mean one will happen, and you are speculating!
Wikipedia
Preferred stocks can make an attractive investment for those looking for a higher payout than they'd receive on bonds and dividends from common stocks. But they forgo the safety of bonds and the uncapped upside of common stocks.
Plus uno!
This is a great piece of legal ruling in shareholders favor! My question is, why the heck doesn't it ever make a difference? Is that ruling being contested (appealed) by the government right now? If not, please see my question above. Seems like every lower court ruling is being held in limbo while the government fiddles away, delays, appeals, delay some more, create delays,,etc.
They keep us on OTC so they can keep a foot on the throat of stockholders, and I am becoming more and more convinced it is due to whatever settlement they are working on. They'll do some crap offer of ?X (?=fill in a low number) stock price. Sincerely hope the courts proffer real justice and force a fair deal. Sweeny or Lamberth sounds like they would maybe do this if they ever quit letting the government "kick the can". Not even a can anymore, just a piece of metal about the size of a penny from all the kicking.lol
Good stuff/info
Thanks
Agree.....what a mess.
What people fail to see is this virus may be a permanent fixture in the population like all the other flu's. So do we go through all this again next year at same time? And the next? This is crazy over reaction, and too much stimulus is just as bad as too little right now. Level heads need to prevail.
Lmao. Run Forest, Run.
The word you're looking for that describes the majority of the either misinformed population or fake media driven population is : SHEEPLE.
I'm doing the same! Buying 5-10k at a time as it drops. I got a feeling news is coming and when this pops....you the saying about catching a falling knife? Trying to catch this on the way up will be like trying to catch a bullet.
From the sage advice of chicken little.,,lol
Exactly! Treasuries warrants are for stock, not pref's, so what do you think they will be pulling for as far as increased value? Pref's? When they report back to congress "hey, we cashed in all our warrants to enrich Pref holders, we got nuttin! That'll fly, right? No. They will finaggle a settlement so they come out smelling okay, if not like a rose, so place your bets!
Thanks for the heads up Navy. Crossing my fingers that a settlement that is fair will be coming. It's like she'll shock reading that court doc. Lol
+1 absolutely.
This is great,,if I'm understanding it correctly?
So you're saying that they have some how bought the courts? That the cases/shareholders don't matter? Why are there those on here who advocate this banana Republic contract conservatorship and skew their interpretations to and almost comunistic view of this conservatorship? That in itself tells me much about those who are skewing legal statements. The courts can not be ignored. There are 3 branches of government, the courts being one of them. With 10-12 cases pending it's pretty ludicrous and misleading to say MC and SM will do as they please,,and to take as the word from God every pronouncement they make. They do not, will not and can not own the court system, for all our sakes, or we have much bigger problems in this country and our government, if this is true, as some here spin it.
I'm on board with that!,,,
Excellent breakdown and analysis! It is amazing to me that they bonded both cases together for the SCOTUS review....how? It is not apples to apples legal situation comparison, so how can SCOTUS rule on either? It would seem to put the justices in a catch 22 situation.
Really hoping this all comes to fruition as you have written and we see the light.
That's exactly the conclusion I came to. So, has the amount the government has spent defending against these cases been accounted for? Or is it just stolen and disappears down a hole? So far some on the board have said north of 1 billion over the past 12 years government has spent defending against GSE court cases. It would be beneficial to know where that money is taken from to pay these legal costs. Also, it would be great to know an actual cost to date that the government has spent. I'm sure a few reporters would be all over that in a heart beat.
Question for this board.....does anyone know, or have information on how much the government has spent on defending all the current and past (those that were dismissed) court cases? If I had to guess-timate, I'd say 100 mill plus by now. Tax payers were peeved about the 40 mill Mueller investigation, so wondering how taxpayers would react to the expense of this? Goes back 2 administration's, plus this one. Thanks for any help!
You ever watch the movie Midnight Express? Being a GSE investor is alot like being that guy in the movie. Went through tons of crap but found freedom in the end
Ditto.
I got a feeling it's gonna be....
"Kick"....clang, clang, clang, clang, clang, clang
Oh yeah, agree
I'm hoping a few of those lawyers strap on, nut up, do whatever and let Sweeny know what is on everyone else's minds. Rip the government a new one for all this stalling, antics, flat out lies from past administration. I just hope Sweeny let's the venting commence!
Just like anything the government gets involved with. Takes them weeks to get involved and decades to fix what they screw up because they need to CYA. Social Security anyone?
Like the old saying goes, be very leery when you hear it: "I'm from the government and I'm here to help."
My favorite is Mark Twain: "government and dirty diapers have much in common, they both need to be changed frequently and for the same reason."
Agree.
Follow Buffets law right now if you have $$$
Be fearful when others are greedy, and be greedy when others are fearful.
+1 !!!!
Common shareholders have suffered more damage than anyone if you look at price of stock before CONservatorship, plus missed dividends, plus the GSE's profits which directly affect stock price appreciation, AND the money the GSE's had that was for backing their business/loans was also stolen.
Pref's think they are the only ones who matter,,yet companies do not exist on just prefferred shares.
Another day in the CONservatorship of the GSE's (Government Stolen Enterprises). All we need is one judge out of those involved to show their backbone to the Government, and the rest of the judges will most likely follow suit.
Absolutely! Spot on. This is my view. MC and SM hitting the media circuit and creating confusion when they know diddly squat what will transpire with all these cases. That is why one of the first keystone to releasing is to settle the cases. I don't think that is a done deal yet or it would have leaked by now, so they can talk up a good lie all they want and hope it doesn't burn them in the courts. Everyone on here talking like warrants redemption, dilution, and all the other different issues are are done deal have no idea how the courts will affect this and are purely speculating.
JMHO
That is the truth that hurts! Nice info. Thanks
I'm hoping during that conference call thing Sweeny has lined up, that one or a few lawyers from those court cases point out to her the manipulation via MC's media blitz just before these next two court steps. I think his blabbing has to do with what's coming down the pike at him and treasury. Either that, or it IS just underhanded manipulation to allow players to play.
LMAO. That is so funny and sad at the same time.
I would not put much faith in a Bloomberg interview. MC knows who owns Bloomberg, and that guy has already started stirring the GSE pot and is a possible Trump opponent for president. Do you really, really think MC is going to do a nd interview with Bloomberg and show them Trump's hand? Yhea, me neither