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hey glenn.
someone should unsticky this.
What about all those fines they collected from the big banks?
They did it on our behalf...it was a huge number.
Did the Courts just force the end of the conservatorship?
Monday we free?
There is a gap to 68 dollars a share that needs to be filled.
We will go over 3 monday.
Im calling it.
write it down.
they emailed it to me...its over 132 pages.
im not reading it tonight....gonna celebrate....
wow...its finally over.
Congrats everyone...
You too Mr. Fence. I look forward to meeting you sir at one of our shareholder meetings or in Vegas....weeeeeeeeeeeeeeeeeeeeeeeeeeeeee
we won.
Thank you all for your continued support in this matter.
"The Plan"
We are going to do something.
Can you be more specific?
Nope.
Why?
So...basically from what I read, everything is on the table.
Its just a CYA if they loose En banc...
Imagine having a bunch of shares that are ill-liquid...that you want to sell.
What game plan would you use?
Think logically.
Now reconcile what you have seen here.
Why do prfds post on common board?
Would it make sense to spread a rumor that they would convert to commons at a later date?
Think logically. Think we need some more sales guys.
The ones we go stuck with are not even entertaining.
Luckily, FNMA is liquid and trades easily.
"off you go"...after par is paid.
Happy Friday.
En Banc results will be in shortly...until then its all background noise.
Enbanc could be released today.
How fake would that look?
en banc really comes down to one sentence...
Does taking away all the captial make the GSEs "safe and sound"?
jury is still out.
I think we are good on capital.
Dont forget we are backed by the Treasury.
maybe thats the plan...
put it out...that its over.
biz as usual...
its like dipping your toe in the water.
I thought of Homer Simpson..."Douuuuuh"
It also showed the hand of how many shares are trading.
Not Many.
Nobody budged.
:)
I feel bad for the person that sold and caused that spike down before close.
fat finger?
market sell?
whoever it was left $ on the table.
yeah, issue new JPS and payoff the old JPS.
save money with the rates being so low now.
Pretty certain no one politically wants to own this political football if Enbanc goes counter to the government.
like i said in last post...its a big CYA.
They can now say...that was our plan all along...:)
The plan was a simple "cover your ass" moment.
Pure politics.
No mention of it until Enbanc hearing looked ominous.
I think we hit 3 dollars again tomorrow.
As of now, fundamentally nothing has changed.
Might be my last chance to say that.
or someone stuck in ill-liquid prfds.
We break 3 bucks tomorrow.
my humble opinion.
Your opinion is...
Highly respected.
I think I know what has occurred. Taking over the warrants was for national security.
How stupid would it have been to let a foreign government buy 5T in assets for the firesale of 5 billion?
Think logically about the financial war we are in now with china.
It would have been checkmate for the usa.
Its bigger than home loans.
Thats the second time ive read that...
What does Putin have to do with the GSE's....
is it a joke?
LOL...that would assume a comment period.
Nobody has wanted our opinion thus far...
The whole idea of that is to allow our representatives a chance to review/make public and thats when you have a chance to call your congressman.
Do you think they will want public comment?
I think they roll it out and say its not perfect but its done and if you dont like it...legislate and change it.
My humble opinion.
I think Gasparino is "our guy".
Really enjoying his scoops lately.
Anyone holding any dry powder?
Next Tuesday is a long ways away.
I dont expect much movement...steady as she goes.
I think the market will open down today.
Rick run through the algorithm.
you sound excited.
be careful at the battery...storm surge will make driving dangerous if not impossible.
I rather be trapped on an elevator with Carlos than some of these other guys.
I like the dude...he is animated and clearly puts his heart into this investment.
I thought some of his figures looked like "Blue" posts...We have all been here to long.
It would make a good movie if you had 10 years to blow.
We are in the End Game now...luck to all.
Last call.
It would be awesome if we could vote as a block...maybe not on all things but try to come to a consensus on things that are in our best interest.
Power in numbers.
While we are waiting for the En Banc decision...
Lets consider some meeting places in DC area for a Shareholder premeeting.
I know its not sexy...but thats where our meetings will likely be.
Ive stayed at the Embassy suites in Crystal City, several times...its nice.
DC metro is not to far of a walk.
Anyhow, these are things that need to be discussed.
This is in no way taking ownership of lining anything up or managing anything...
But, As soon as the conservatorship is over...we need to meet.
We are a large voting block.
Lets commit to a weekend roundtable.
Not all gaps fill.
This maybe the one.
Thanks for prefacing it with "I hate to say it".
Thats like burning down your house if you have termites.
He was clearly using this as a lender of last resort.
Otherwise, we will take new loans and pay the par JPS equity/debt.
Dont worry, you will double your money. :)
If Congress passes Hera 2.0
We may have something to discuss.
Until then its par and off you go.
Embrace gridlock.
There is no provision in HERA that addresses your pipe dream.
Prove me wrong.
I'm sorry, but its par then off you go.