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pka1639. I'm there with ya bro. Stand strong and beleive in the fight for right.
Hello! economic disaster is knocking at the door? They're talking possible 20% unemployment and foreclosures coming out of this. Calabria and the rest of government are like Nero.
Aren't they putting the horse before the cart now? We're really in a severe market down turn that could very well become a severe economic downturn fast. They needed this rule yesterday! For all reasons it was supposed to be in place BEFORE this current crisis.
Government never late but always later.
That there's some azz kick'n logic and ano-lization.
Keep up the dam good work and thanks so much.
Just mail out to filers of last year based on the yearly gross, no additions or subtractions. Say anyone who filed making 70k or lower gets check.
The more I think about those documents and the executive privilege tied to them, the more I think they show intentional market manipulation, and is why government does not want them in the daylight. It could very well impact the market very negatively if it was shown that our government can manipulate as they've been suspected to do. Who would have faith to invest then? Mom and pop investors would go back to mattress stuffing.
Giving loads of Commons does nothing for an ipo or enticing investors either. Pagliara is correct, there needs to be a settlement everyone buys into and not lopsided favoring any share class. If any "extra" favoritism is required, let the courts determine that.
Send that to Mnuchin, Calabria and Trump.
CC the media. Lol
My view on this aligns with Pagliara's. No conversions.
Oh,,I know. Liked that touch, lol
Just might be many in the government short selling, even now (Corker anyone?) and/or their friends short selling.
Thanks Bam
I'm going to try to get all my trading done this week. I am thinking eventually the brokerage houses, mutual fund places, DRIP plans places will all be sending folks home, so looking at most trading being difficult if not impossible, eventually.
Anyone have any thoughts on this? I'd like to hear them.
Plus Uno!
But will it include OTC?
That sounds similar too what my purchases were! Weird. I will buy the drop on this every time. No guts, No glory.
Thanks also for the great stuff you post FOFreddie. I've read all yours since joining this board, and you are part of the sane crowd. Your analysis on things is level headed "factual". Many on here have very good information/analysis in their posts. It's alot conjecture but logical reasoning also. It's the "agenda pushers" who grind my gears. Lol
Navy commander might like this...ran across it this morning.
Warren Buffett once said: "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." Many investors don't realize it, but it's raining gold right now.
Preferred stock issuances give companies a relatively cheap way to acquire additional capital. The preferred market is dominated by banks and related financial institutions, which are required by regulators to have adequate Tier 1 capital to support their liabilities. Tier 1 capital includes common equity, preferred equity and retained earnings. (Note that as per the recently passed Dodd-Frank Act, cumulative preferred and trust preferred securities will eventually be phased out of their Tier 1 capital status.[1]) Since issuing preferred shares is normally cheaper than issuing common shares and avoids common ownership dilution, banks issue preferred shares to meet the required capital ratio set by regulators.
This is why I am guessing prefferred's might be given par at max, and new prefferred's issued at lower interest payments, especially since rates are so low and bonds are paying very little. Converting pref's to commons dilutes, adds to common dividend and voting structure which will be a red flag for any new re-IPO share buyers. Government is not guaranteed to own the 79.9% of warrants for commons (courts), and the warrants will be possibly used to attract new money and probably to pay off old pref's in some sort of settlement. Just my GUESS
I can somewhat agree with that.
That's funny stuff!
Thanks dude. I'm tired of the Pref's BS scare tactics. I've been a shareholder in FNMA since mid 2008, or there abouts. Bought my first 30 or so shares at around $32 when it was dropping and government was rumored about possible take over.
Yep. Agree
Ooohhh hahahaha. You may be right Guido. I don't give rats azz
50,000 shares strong and still buying, not selling, I'll wait as long as I have too. I got a 110k burning a hole in my pocket and I'll keep buying as the price suits me. How much GSE debt shares do you own? Is your money with your thesis (words)?
You have your convictions and I have mine. I could care less if you buy or convert to regular shares but many pref's posters on here seem to enjoy trying to scare the shareholders to convert to their prefs. Why is that?
It's a preferred holders disease, from what I've read. Lol
I'm making this up though. My foot note for Holdenwalker.
As if prefferred holders don't make up total BS things on this board.
Shareholders have had no dividends either. But all you pref's BS-ers keep insisting conversion. Show me where a judge hearing a pref specific case is saying the courts are going to given them 1000 regular shares per a pref or 5 shares per pref.? Show me that please. All the cases are about dividends. So think about it. Pref's are non communulative from what I understand, and is why Warren Buffet hated the GSE's prefferred's,,this is a fact. Once the dividend is stopped for any specific business reason you r SOOL (shyt out of luck) as to your dividend. Hence prefferred's are no where near stocks, they are bonds. Stocks are a reflection of the value of a company on the stock market. No one asks how good is a companies value based on prefferred price, no investor I know. They always look up the companies STOCK ticker to get PE'S and all that other good info which is based on stock price, NOT pref's price. So please stop pushing your fantasy/fairytale to those of us who know the difference between owning a company or owning it's semi secure bond like debt.
This is the psychological term...
Denial of denial: the denial of the unpleasant fact and the insistence that one is not experiencing denial.
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.