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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
It really does seem everytime fnma reaches a certain price and there is mounting exuberance that either MC or SM pipe up in the media to drive back to $3 +/-. There is a method for this madness on their part, Im sure. Possibility that any settlement will take into consideration the current price, so keeping it low will benefit the governments pocket. If this is the case, I hope someone smells out the truth. Then they'll really have law suits.
+1 !!!!
So we're golden for a medium or small windfall!
Could very well just be a show being put on to control the markets perception. Think: good cop, bad cop routine you use on your kids.
Totally agree Guido! Here's hoping that at least Trump is a man of honor, even if MC and SM are not, and he see's that an honest fair settlement is the right and only solution.
That sounds about right. :(
Agree! Settling for pennies on the dollar will also set a bad presadence for "next time". Even though much of this can be laid at past administration's feet, the current one needs to "make it right".
I beleive they will do a consent decree release until election. Once Trump has the house and Senate majorities, then the problem of him working with the current congress on the GSE's gov backstop guarantee disappears hopefully. Right now MC and SM are doing no holds barred administrative moves...BUT, courts could muddy things up and is probably why the can keeps being kicked, and kicked, and kicked??
Hoping they will do the right thing and treat all holders fairly.
I do think if they do a capital raise (IPO, RE-IPO or whatever ya wanna call it) after screwing commons and/or pref's, it will make for one very hard capital raise unless they entice some loaded player (scoundrel) like Buffett to pay for the offering from his pocket alone. I don't think Buffett likes Trump as much as he did Obama though, so there's that...
Hello FoFreddie
I have been following this for years and have read many of ano's, Obi's and even your posts...all good stuff! Logical reasoning.
I would love to listen to Sweeny's court hearing or anything else for that matter, but I am deaf, so message boards are my life line. Thank you though for the information. Any reasonable, logical information I run into, I like to pass along to others I know invested in this.
Hello FNMA patriots!
Long time reader of this board...finally decided to sign up. A little back ground....I've been in this stock since about $32 a share (still have those original 30 or so shares I bought back then), I bought on its way down just before government took it over in 2012. Now, holding about 13k FNMA and have and order in currently for 10k more.
I am a long time holder on this and own just the fnma stock, no pref's.
Curious on two things...
Does anyone think maybe Trump and his administration are trying to push this out past the election? I ask because in my mind that would change things quite a bit, especially if Republicans win the house and strengthen the Senate as more are starting to expect this outcome. Trump would be able to not only do his administrative fix on FandF but also have a friendly house and Senate for the congressional fix, which MC and SM prattled on about alot a little ways back.
My second question pertains to those who keep comparing FandF to the bank bail outs and AIG which is like comparing apples to oranges. Those businesses were in bad shape and government used conservatorship for far different reasons, as we all know by the documents released in the court cases (Sweeny). So it is moot useless point arguing and using those as bench marks for the GSE's and litigation going on, in my mind.
Be easy on me folks! Newbie here, but a bit tired of being silent with all the misinformation being kicked around.