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The thing that I look forward to the most for conservatorship exit is the reaction of legacy common holders when they get hit with dilution.
Senior cram down is going to crush commons down to a nickel right before recap/release.
Why don't one of you goobers put in a $1.00 buy order
A) ERCF adjustment being released soon is a possibility.
B) Mean reversion a la Bradford
C) Trump trade - bets being placed.
If there is an official administration announcement for recap/release, this will go 100%+ in a day.
Well, that comes after commons get diluted to a nickel and then reverse split back up to a whole integer.
Keep buying then. To the MOON you shall go.
I don't. That's why I tell you guys to keep buying more cheapies.
Let them lose the shirt off their back. They big boys now.
Lil bro, what's good for legacy common shareholders ain't good for the taxpayer. It's an easier sell to benefit the taxpayers and screw over the legacy holders.
Wait for it... incoming dilution solution resolution of commons at a nickel.
Finished reading Same As Ever by Morgan Housel this weekend and it aptly describes the mentality of legacy common holders.
You've got a coil loose if you think its moving because of Lamburger.
FnF price action has nothing to do with Lamberth... the payout probably won't occur for another 12 months and there is no reason for funds to be plowing into it so early.
Costco dogs with no pepper are unpalatable.
His opinion is worth a grain of salt.
COMMONS KEEP BUYING! TO THE MOOOOOOOOOOON.
Probably RED day across the board today. Close out your positions for the long weekend.
To be quite honest, there's a very good chance I will liquidate a sizable chunk of my position once it gets to 50%+ PAR.
If it does then it's the market betting on election odds.
Common holders! I know you want to buy more cheapies.
BUY BUY BUY
To the moon! The MOON!
BOOM, FNMA commons up almost a penny. To the mooooooooon~
The dilution solution resolution is coming.
Another donkey clone:
Barron
Rodney5
Mrben
You would've made money today if you bought FNMAS instead of FNMA.
FOMO FNMAS 2.95
The last time there was a deadline, they requested an extension.
I feel like you missed all of the FnF news/events of 2023 and you're basing your knowledge off of pre-2023.
I"m beginning to think Rodney5 and Barron are the same person.
Do the right thing and sell out of commons to buy JPS but of course you guys insist on riding the dilution train to oblivion 😥
Put yourself in the govt's shoes. Would you really only settle for 79.99% of FnF when you can convert your senior shares to get 99.999%?
Wasn't the prejudgement interest due to the state they were incorporated which allowed/denied them? IIRC that was why freddie was excluded.
You anticipating a move towards $4+ for FNMAS?
On life support and in a coma... if you still consider that alive.
Precisely.
Once again, legal routes are all DEAD. Most probable catalyst is administrative action. The mortgage industry is losing their undies over the mortgage rate spreads from treasury yields. Dave Stevens is pounding the table right now.
Release of FnF and resumption of MBS buying will narrow the spread and single handedly drop mortgage rates by probably about 1.5%
Imagine Biden going into the elections with that headline: Joe Biden brings mortgage rate relief by lowering it 1.5%
And then couple that with the fed stating there will be 3 rate cuts next year.
Is this not election priming or what?
Bro, the Lamberth case only opens up the gates for the damage payments and nothing else. NWS already ruled legal in the COFC, which determines takings.
Legal routes are all DOA.
On the date of conservatorship release announcement, the commons will be diluted to 0.0001%
Brace yourself legacy common holders.
The terms of the rights offering will be equivalent to what the secondary IPO investors will be given.
It doesn't matter too much if the money comes from existing or new capital. Nonetheless, this offering won't be anything like 10x that the commons are dreaming of. Probably just a 10% discount from IPO price...
If you were the govt, you'd never kill the LP/SP and only take the warrants but yet you expect them to do it.
Unbelievable.
The next donkey has showed up to the party.
NWS was ruled legal and has been thrown out. I believe you're 2 years behind on court cases...
That's donkey #3 with conspiracy theories.
When JPS were issued, 32B of cash flowed into the balance sheet.
32B in liabilities recorded and 32B in cash recorded. Net neutral event.
Unfortunately NWS swept all of the 32B in cash into treasury coffers.
32B in cash is now gone but the 32B in liabilities remain. Net negative event.
SPS write off is bad optics.
The taxpayer gaining an additional $20B for housing is good optics.