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Plenty of folks here to take in the closet and have bean stew with. Lol lmao
Loved that one! From aways back
The eruption begins?🤞
What does there CURRENT treasurer say?
Anything else is irrelevant and useless.
The situation has changed enormously since then and will keep changing.
It's always more exciting to lie, Eh? Hard to be truthful.
There ya go again, trying to post opinion as fact. I hope someone follows your misleading rhetoric and then has the mind to find you and sue. Some here keep a library of posts. I'd be careful not fully disclosing, Bitcoin pumpers being sued left and right currently.
Don't give him anything from CNN!!! He'll get whiplash and need one of those collars.
Mmmmm more like huge ego trip. OR just loves being argumentative?
Those exec privileges should be null and void once a case filed by citizens is initiated.
They are calling out the theft of shareholders, maybe not in total, but the on going theft! By calling out the FHFA's socialized money give aways opposed to conserving like they should be doing. How can you capitalize and conserve by creating rules for the GSE's to cover point costs, etc, and for the GSE's mandating cash give aways for the "affordable race centric" money give aways? Remember the law says that the primary job of FHFA as conservator, is they must put the companies back into a safe, sound, solvent condition. I don't think HERA says anything about providing GSE capital for free housing, in fact it states to the opposite. Thompson has done the opposite of the HERA mandates with socialized give aways, either by messing with who qualifies and how with special rates, and by directly appropriating fundings of 1 billion plus towards affordable housing. That is not FHFA's job, not when wearing the GSE conservator hat. There in lays the problem. The FHFA at the end of the day should be safe keeping the mortgage markets, their fairness and solvency, once that becomes a biased exercise that exposes the GSE's to capital risks, it's no longer about fairness, because you are risking the entirety for the sake of pacifying a small group.
Took'em long enough to call out the Non-CONservatorship, illegal FHFA shenanigans! It would have been even better if the senators on that letter had a scotus suit challenging the FHFA's policy mandate attached. This is why release will get done, I thiink. Too much manipulation of the GSE's with each different administration or FHFA head. It keeps signaling constant disruption to the mortgage markets, which in turn drives up cost because of having to implement flavor of the day policy tactics. I believe this is why the different large mortgage places/organizations and banks are getting more involved, more vocal.
Each party trying to destroy the GSE's with their own rules, regulations or other nonsense mandates. Calabria with his 4% capital rule, now Thompson with racial housing mandated marching orders. It took them a couple FHFA heads and a few court cases to establish how each party would manipulate the GSE's.
That's probably on the high side. And, they could care less. The majority are there for one thing only, pocket lining.
Yellen has said nothing. Lol
This is what I mean. Pluck things out of the past, use out of context with the current situation. It was probably a partial quote or half a sentence also.
As Guido says, snake oil.
The JPS would do well to take your advice...seriously.
They have a one sided theory, pholosophy.
Commons posters are discussing possibilities, JPS are discussing their flavor of the day, as sure as the sun rises and sets, god given and undeniable outcome, based on?.....
The FHFA is going to have a tougher time giving the GSE's earnings away for socialized affordable housing with rates this high. Fewer will be buying, builders are already pulling back because many are opting to wait until a major change in rates and home prices. Yet there are those (crazies) saying everything is perfect! Lol
yeah his court room Latin impresses the living crap out of me! NOT. I was an alter boy many years ago, when they still did Latin mass, so my Latin understanding is not lacking. The JPS will be screaming pari passu when common value is where it should be after release and JPS price is languishing at about 1/3rd of their touted par value and yet without any dividend.
If we are zero, then so is JPS. It's not a bankruptcy though, never has been. A taking, plain and simple. How many times has it been stated that commons/JPS own the approx 20.1% and government seniors and warrants the other 79.9% ?
You can not be 20.1% of zero. Government can not be 100% of 79.9% without adding the liability to the debt. The conservatorship has had fraudulent agreements take place, which are being challenged and may yet still be challenged.
The restructure began in 2008, and is approx 100 billion to date. The capital rule will be lowered - watch. This is not a typical bankruptcy, nor restructure. It never was a bankruptcy, or, like all other bankruptcy's a judge would have been appointed. The GSE's never filed for bankruptcy, neither chapter 7 or 11, so pushing this uphill as being a restructured bankruptcy or whatever you guys are deeming it now a days, is incorrect, big time. Government has stated shareholders own 20.1% and I've seen absolutely zero from any reputable source saying commons are zero and JPS ate rich, or vice versa.
The guy is as sanctimonious as they come! He has no idea .
Yeah, everyone needs to climb aboard the Bradford Titanic, while KT and man with no name keep directing the band and rearranging the deck chairs. Lmao
One difference, the snake oil salesman in the old westerns was always easily made to fold up shop and giddy up chased out of town. 🤔
Sarcasm... 👍
Yep, that's for sure. We have the best government everyone's money can buy! Let's start making them wear those Nascar type suits, where the biggest patch represents their biggest campaign contributors or lobbyist. At least then we'd have a little transparency on Cspan or at those televised congress and senate blab sessions.
The more patches, the more you're bought like a cheap hooker.
Thanks Rick and Trunk for getting us some payback, lmao
Months?????? Oh you child of yesterday! Lol
The plantiff's will not be debating on whether to pursue further money gain because it will only take months.
I think you're getting it now, bravo!
We could go the opposite direction though , if we get in front of an honest judge. JMHO
Yeah, Exactly. He assigns it a zero percent probability. That's not trying to influence at all, Eh? Lmao. You guys keep shooting yourselves in the foot.
How about I'm going to start saying there's zero percent probability that JPS survive. Or ever get a dividend, or ever reach par? I'll just state that as fact, like KT does. Guess what though? He has no frickin idea, like the rest of us.
Anyone here can make a strategic assumption for or against their own guess at what will happen, but pushing and selling your rhetoric on others as facts by using partial quotes, old books by old FHFA heads, AIG case you see as similarities from long ago, all of this nonsense is nothing but your supposition, or your manipulated by others belief on what will happen and is God send, carved in stone.
Others here have varying perspectives and are way more open minded to the situation. We are not pushing bankruptcy fallacies, restructure fallacies (it's been going on for 15 years,!) Cram down fallacies. I don't deny anything is possible, but stop the pushing down the throat of others that just because you have conviction about a particular outcome, does not mean at all that something different or far different can happen. In other words, quit spoon feeding those who don't want your BS THEORY'S
The problem is those who are stating THEIR opinion as fact. They mislead with their constant dogmatism, partial quotes of entire paragraphs that need to be read in whole for correct context, which is much like what the terrible MSM places do. See definition below.
contextomy or quote mining) is an informal fallacy in which a passage is removed from its surrounding matter in such a way as to distort its intended meaning.
Agree. No one knows. You can guess, but those commenting here, with the intention of misleading by acting as if they are stating facts, will be challenged by those of us who have been here, and realize there are no outcomes that are impossible or implausible.
There are many people in DC dead set against Rich Hedge funds theory. These are mostly on one side of the aisle. I don't see that specific issue/calculus changing at all, no matter the election or political outcomes. Biden just proved he's against the car companies CEO's and their pay, so you can bet he's 110% behind not making hedge funds rich on this.
I'm sure there are more than a few hedge funds in JPS with the drum beat here against commons. They're hoping that if enough retail investors like us get into JPS, the government will okay the get rich quick plans they keep pushing.
I understand the process and they why for's...it's just not right though.
The FHFA was chartered in the DC swamp and are, by appearances, nationalized owners of the GSE's, so why should it matter where the state law and location is, as far as the businesses and where they WERE chartered? A good judge would have said the FHFA and treasury caused this harm, and assumed all rights, so anything should go as far as award and interest in my view. If DC dealt unfairly, then establish or use law precedence for DC swamp, leave the GSE's charter state laws out of it.
I digress though....we really don't want Lamberth deciding anything to do with a reward in this. He was probably the worst court you could have possibly wanted to end up at with this case.
All I know is these guys thinking that those sales flyer prospectus, for the different GSE prefs, being untouchable is very nieve with how courts have been ruling.
If AIG failed they would have most likely been sold to one of tge bigger banks. Tge govenment would have stepped in to back whatever insurances were in place, but would have exacted a major repayment from the banks, just like 2008
Again, you state two DIFFERENT, not exact explanations of a partial story. That does not make AIG or GSE's situations isentical. Never were, was or will be. If similar, as you state. Why then are we in this conservatorship for 15 years? Was AIG in conservatorship? And I don't want to hear they were in similar, that's a bunch of bull. Was AIG hibdered by HERA? Did AIG need congress, FHFA and treasury to do something, anything to release back to public? Were there as many court presedences set with the AIG cases as there have been with the GSE's? Does AIG have outstanding incriminating presidential documents hidden by the courts? Did AIG raise 100 billion of its own capital? AIG insured period, the GSE's packaged, funded loans via government, with a backing by government, also provided affordable housing mandates and watched the banks for loan disclosures, credit scores, etc lots of stuff...so these both are identical businesses, correct? Is AIG spelt GSE?
I've taken it from the complicated to the most simplistic (last question) , show me an exact similarity.
Wrong, wrong and wrong. Quit cherry picking partial lines of text. You must read it ALL in context.
This is why YOUR OPINIONS are worth garbage.
You are not scotus, you are not a judge, and I highly doubt you are a lawyer. You can not say those contracts for JPS are bulletproof. Any idiot realizes they are not bulletproof just based on how judges are interpreting HERA. If government lawyers want to parse each individual word of those contracts to have a different meaning, they can. Hera over rides those contracts with the simple clause that FHFA ASSUMES ALL SHAREHOLDERS RIGHTS.
Structural paralells, another JPS made up term? You guys must stay up late thinking these terms up.
There are no paralells other than government being involved. Quit making things up. AIG is not a GSE by a long shot
You do notice you provide two DIFFERENT AIG and GSE fiascos? Why did you not just say blah, blah blah AIG and GSE:s are exactly, beyond a shadow of a doubt, even considering court cases and everything else, exactly the same, by golley, exactly! Letter for letter. No difference in market, business, takeover, charter, etc, etc, etc.
Lmao. You are truly hopeless if you think that AIG and GSE'S are the same in what they do, how they were taken over, everything. They are no way in hell the same. If AIG failed, life would have gone on, if the GSE'S failed you would have had something like 24% of our economy in upheaval.
Keep convincing yourself, I don't think you're convincing anyone here except KT, Bradford and which ever alias Pages in under.
When? How? Where? Based on whose verification? Provide the solid facts or state as YOUR OPINION.
AIG is like bass-terd redheaded little boy caught stealing candy, the GSE's are like Leonidas I.
There are no similarities to how both were took over, nor any similarities if either were allowed to fail. AIG does nothing similar to the GSE's. Its apples to watermellon comparison, and those trying to push it as the same are intellectually thought challenged.
DaJester, I've said it before, the guy is all double talk, obfuscation and partial quotes to push an agenda.