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Calabra is a turd... total dud...
But, now maybe he's actually got to do something ... now as opoosed to waiting out his retirment check.
Yes he's as bad as the other clown maybe worse... since last clown wasn't expected to do anything... and didnt .
I guess for me, its the simple reality that had they wanted to do something anyone of them could have years ago.
And, even today it wouldnt be hard. simply void the warrants. relist the stock. return the excess money plus (10% compounded interest) and today each of them would be better off than they were 12 years ago.
And for gosh sakes,,, lets be honest about it and release all the documents. and do it now.!
What blows me about this seila decision to just " make them responsible to the president" is that it 100% ignores that prior to then (now) they were not. Meaning, all the prior decisions were made on their own and without deference to or concern with what the president wanted, meaning that all of the decisions made, daily, were without this base "understanding" cause until now...
who cares what president x said, we can do our own thing,,,,
Which means, all the other things done were not subject to oversight and meaning that the public had no say.
What blows here is what should occur here is the stop... prior choices and decisions whatever they may have been, paint the office, blue, green or yellow... two ply or not... paper or plastic.... all of them from the mundane to the ubber important, all of them were without regard to a third party, ie.the president.
So, all of them were misaligned decisions and should be vacated. Yep, sounds harsh, but how else to solve this mess?
Cause what they did ... just saying... never mind is simply a punt of responsibility.
Man or women up Roberts and get it right.
you can do better than that we expect it.
.....
or...
if they can sever things... so or why can't other judges... and just cut things out or heck... add them in.. why not. Which is btw stupid as well.
But, hey wrong is still wrong.
As for fhfa... they need to strike their entire existence and make people give back what isn't theirs.
Okay...
So, lets assume that tomorrow the SC comes out in the Seila thing and finds
1. its unconstitutional -
and its meh... no big harm so let it be...
or
and its a big deal and unwind everything....
or
2. it constitutional to violate the constitution so then what?
My question is then where are we? if its 1a? then what? If its 1b? does the government come up with another way of screwing everyone? or what?
What do we expect if the outcomes come one way or another... and if history holds... except in rare situations... the courts alsways find for the government as they pay their salaries and are always beholded to them.
What next?
Just imagine the precedent that is set by the deplorable action of the treasury / fhfa / government in general as to working with banks / entities that need some rehab but are otherwise good.
Where they put some money in by hook or by crook (fannie and freddie) and then take all of it.
who to trust if you can't trust your government?
sort of a sad situation all the way around.
would have to agree with the challenge; which has amazed me that no one challenged its legitimacy let alone the fact that the government took property (rights that is which have value) from shareholders withiout any compensation and did so without a shareholder vote.
Its like a sale of the entity, which normally would require some vote of shares. But that never happened.
Yes, at some point in time i figure the gov is going to get their head handed to them and unwind this nonsense and my rights as a shareholder will be restored.
See i don't look at this as me "buying" into "litigation" like some moron judge has decreed i see it as owning shares that convey rights and those rights are perpetual.
Gov has been stealing what does not belong to them.
Would have to agree.
Sadly... they knew this could happen three years ago considering all that has been done to DQ the current admin and yes, everyone pretty much knows that the prior admin and a future one by the current apparent nominee will not be friendly to these two.
Thus... really time limited to get this done or at least be far enough down the road that they can't turn back.
But, frankly this should have been wrapped up at least two years ago.
But, government has proven greedy, yet again.
Sure...
simple theory of theft
https://www.google.com/search?source=univ&tbm=isch&q=stolen+art+return+after+years&client=firefox-b-1-d&sa=X&ved=2ahUKEwjI0O-9sJTqAhXNnuAKHfQBDKMQsAR6BAgKEAE&biw=1252&bih=600
If its stolen.. and belongs to another it still belongs to the other.
Same theory same process.
simple
The big thing here is ... that the takings are ongoing.
Therefore the behavior once stopped has years from the last event of taking or wrong doing.
The theft didnt' happen once and done.
It is continuing and continues until stopped.
So, whether the theft occurred 13 years ago or last week its still theft.
that is why stolen goods are once stolen always stolen and returned to their rightful owner, no matter if its discovered 1 week later or 50 years later. No statute on that.
In the case here, once our rights are returned to us, and they will, then we bring suit. So, they better act honorably. There is no time limit on deceit as its "ongoing" until corrected.
Cheers.
Need some help valuing a company.
The company has 1.1 Million shares outstanding and generates consistent income of around $16 Million a year.
Since its not a hyper growth company but consistent earnings potential; figure a PE ration of around 12. Now it has a few preferred shares outstanding, not too many but a few.
So I figure a value of 160M or so on the common; which is net of the preferred. So, i get a simple value of around $140 a share.
Not perfect as no things are.
The company is held down by mis management and other constraints. But, if it were for sale... would you pay 150M for a company that generates 16M a year?
How about $100M? considering it has some very poor management?
If i owned the whole thing, had barriers to entry in a area, a duopoly....
Well, at just $110M in valuation on 1.1M shares outstanding, now this is all ruff math, then an easy $100 per share would be in order. (discounting some of the ugly).
What woould keep the company from trading at fair value?
Management?
Well this is Fannie .. Get management out of the way and set a clear path ... and share value is $100.
If you needed to raise money to sell this income stream why would management do it at 1/20th of fair value unless it was trying to give away the company.
Giving away the company or allowing it to occur, regardless of the fairness opinions that will be bought and paid for by mis-management to MS or whomever, is still a taking. Its taking my "%" ownership and devaluing me and they can't do this without providing me just compensation lawfully, sure they may do it, but it will be unlawful and will be challenged.
So, this is where i sit. waiting for the righteous to win. Its just taken far longer than it should have...
But, government is greedy and looking for more ill gotten gains and windfalls. How despicable the behavior.
I find in horrible unjust and bad ... just pure evil ... that the fixes to fnma and freddie have all along been so so so easy.
You know it took mere moments to put the handcuffs on and 14 years to remove them? Why?
Why have the government been so greedy?
Why did they have to steal the companies?
You know once these entities are out of conservatorship and our rights are restored. I'd imagine there will be lawsuits challenging how the share holders were treated and how their value was stolen from them without just compensation, if, they don't cancel the warrants, reset the interest rates and raise money in good faith.
I just hope these people are fair.
sorry,...
but hl; who've i had the mispleasure of being on the other end of their "services".
No excitement for their presence here its bad for shareholers; in my opinion.
Yes, the government is greedy and yes they are looking for more "windfall" at the detriment of the shareholders.
If they weren't; then they'd have been done with this years ago.
Simply not really hard to raise lots of money given the common share count; the cash flow and the positive earnings. Provided goverment will put their hands back in their pockets and stop being greedy, taking all the money while taking - actually, as proven, no risk.
So gas bag calls calabria greedy.
I can't fathom still being in this quagmire. I knew obama was worthless but trump too? What's the deal? Really, this was never hard.
houligan lowkey are not honorable in my opinion, somehow they have their hands out too. looking for a windfall or a payoff of some kind,
The greed here is nutso.
When this country and judges are bat s crazy. Really, allowing a bankrupt company like hertz offer 1 billion common shares, that they know will likely be worthless in 180 days? What would you rather own? Hertz secondary at 2.50 a share with no future. or fannie / freddie at 2.05 with
calabria has to go.
Because they are so onesided... they should be vacated. Its fruit from a poison tree and its tainted.
They must be abolished as trash.
dcBill... Calabri has motives and ideals not consistent with the positivity of the company and its owners.
For some reason, he's got an agenda to serve some other master other than what it "should" be as a "conservator"... which in normal circumstances is the ownership.
they've all sort of made a mockery of our democratic system.
such a joke except its real.
He may be all of that...
But he's also acting like a blooming idiot.
and
Neither make it so.
dilution of common shares while in conservatorship is a taking by definition because share holders would have their economic value taken without representation and would be a direct claim against the government.
It would be disaster for the government to go down this path.
FandF are public entities. companies owned by share holders.
If they want to go "private" then, i'd be willing to sell my shares to them at 65 dollars a piece.
Like two school girls stealing cookies.
its a farce until they give back the ill gotten gains and make amends.
240 billion is just a number.
But 240 is way too high.. depends how you accumulate this..
Also, how much is returned?
Figure warrants canceled. excess funds returned with interest. The reversed excess reserves. and now the window gets much smaller.
So true.
lol.
He's slower than the fermentation of molasses and you want to give him props... lol!
His job wasn't hard... but he'd have a hard time replacing a light bulb...
Amazing he's finished anything he's started, if ever?
More akin to a sloth...
Come on with it man, make it happen, while we still breath (young past 10 years ago)!
In large respects this CECL is no more than what has already been gaap for decades. For FandF its another excuse to create excess reserves.
Loan loss analysis has always been done to consider potential exposures.
Ya know... i just love the stupidity of some of these "writers"...
Here is a line that is laughable... This crisis is dashing hopes for a quick exit from conservatorship,” said Jaret Seiberg, an analyst at Cowen & Co
Poor Jaret writes about "dashing" hopes of a "quick" exit. Really? Quick you mean so now we are going to go slower than 12-13 years? So, that's like writing... going to announce a cure for the excess 1/2 life of the fermentation of molasses.
Why?
Cause these clowns, like calabria and manuchin never intended to go "fast"... its just stupid.
A conservator or ceo or someone n charge has the same responsibility, to all equity and debt holders no matter what kind.
don't believe otherwise.
Don't count on houligan lokey they will disappoint and are not for investors, the company they are only in it for themselves.
They just aren't favorable for shareholders.
Common holders are going to have to win, in spite of them.
So, what does this "affordable housing" mean.
Truly, what is it? Is it housing that is cheap? Is it housing that is a % of average neighborhood income, what is it?
I mean what is truly affordable?
Is it safe housing ?
Is it two car garage housing?
Is this a fallacy? or is it something tangible? How do the gse's support something that really can't be "defined" logically.
Is your definition of what is "affordable" the same as the next person? or is it really nebulous concept.
to some, it might mean... free.
Borrowers still owe the money, the collateral is still there and there is no crazy on the loans, since frankly many will still continue to pay them. Remember, just prior to this crazy there was an overall lack of available single family housing. In my town, homes would be on the market no more than a week before being under contract.
So, my take is these "experts" are idiots.
Calibra the clown will stick with 2021 until 2021 and then it'll be delay delay until 2022 or his term ends so that he makes personal bank.
delaybra .....
So now the government is gonna put delta and american airlines and a whole host of others in conservatorship. Preserve and conserve them for 13 years. Take all their profits for 13 years and never let them repay the loan, while taking 80% of the entities....
Boeing... too.
Anything less will be unfair to fannie and freddie share holders.
Poor guy... probably can't find his socks in the morning.
If it were me i'd get this done. Give him all the power in the world, and poof..nothing.
Get it done already!
Also,
With all the other companies looking for Gov' bailout .. that pay no annual fee for this in recurring anything... not subject to fhfa, etc. then, yest they'll need to pay over 80% of their company, all profits for 12+ years and not be able to repay the money.
Now, if people don't like these terms and conditions, then they ought not be good for fannie and freddie.. so lets get it done, or,,, apple, amazon, and delta, among others are going to be owned 80% by government. Home Depot, cocca cola, merk, pfizer, etc. yep all in conservatorship.
Honorable?
Really...
Same guy that has taken a paycheck for a year hasn't done more than eat a few lunches?
This is laughable.
He'd delay it because the pizza delivery boy was late...
What a flipping joke.
He's waiting for the ice to melt in his beer.
O..
you mean about the capital levels the two had prior to the implementation of the conservator ship heist.?
So, everything they did for 12 years was for naught and a joke economically, as they stole 400 billion from these two.
Sure would be easy to survive economic issues if they had that stolen money back.
So, what your saying is... because the government failed to fulfill its obligation of putting fannie and freddie into a soound and olvent condition, inspite of generating 400Billion or swhat of profits, that the government has breached their contract with the entities and therefore, is intitled to nothing, plus have to return their ill gotten gains..
I am ok with that.
Absolutely,
Plus, just think of how many warrants they are going to get when they put Delta, American, JetBlue into conservatorship! Warrants, and 80% interest in the companies!
Wow, also, they should take Microsoft and Amazon.. Since they are very important to the economy and it would be a national risk to not take them...
And pfizer, allergan, Gilead and merk... all need to be put in conservotorship as the federal government is going to save them.
How ready is the trillion package ready to take these troubled companies on...
No?
If it was good for fannie its good for apple or microsoft ... maybe even tesla!
how can the aca be a tax.. is it a tax on wealth or a tax on income?
or a tax on services
in america we don't have a wealth tax per se'. It not an income tax as how can you tax spending as a tax on income.
Its not a tax on services, since you have to have a service to pay a tax.
Therefore, its a penalty.
How does this relate to fandf? Because the chef justice needs to rethink this in roder to make it work. Wonder what kind of screwy things going to come up with to make hera and fhfa legal when its acts from the outset are uncconstitutional and thus should have no standing. So, wonder what gymnastics roberts is gonna do ont this one?
Not really tossing baby / w bath water.
Its called a consequence for failing to follow the law.
You know if you do something wrogng you don't get to keep the proceeds of it?
I know it sounds horrible, that you should be able to nullify illegal activity, just because its that way, but yes. Their should be a penalty for failing to do things lawfully, in order to keep them from doing it again.
Yes, if a bank is robbed, the perps should not be able to keep the loot.
I'd like to see the government penalized for their actions. How better than to nullify their actions and make them pay.
I am sure if the stakes were a little less, they'd be retroactive relief. The problem here is the precedent of "NOT" granting the retroactive relief, is far worse to the next case of this than it will be for granting it.
I don't think they want to set this precedent. That's the risk they take.
It also stops the preseident from replacing the director with someone more favorable to the consumer. And as an executive agency prevents the president from excercising control over the excutive branch, and it makes the director not subject to virtually any control during the term of their appointment. With a 5 year term, the director could resign in November after an election, a new one appointed and an incoming president have no control over them during the enitre 4 year term of preseidernt.
this is wrong.
The whole thing needs to be scrapped, just like the fhfa directorship needs to go from inception and all the wrong doing be disgorged. including returning $$ with interest to the entities from the sister agency treasury.
Read part of it.
Kind of they are missing the whole point.
That being that an entity unconstitutional is or doesn't "exist". And its activities have no standing. It would be like entering into an agreement without the capacity to bind. i know some legal beagle will debate it but, it is is.
If fhfa was misformed and structured, then its actions are nullified. They are nullified from inception forward in that they lack standing.
Why would anyone allow an action of an unlawful being to carry weight, that entity is no entity and should be an auto lose at every courthouse and thus, should constitute a fraud.
Thus... disgorgement of all ill gotten gains, total rescission.
The big un known is what they'll do.
If they do it right and systematically, the shares will bubble up prior to some offering.
It just needs to occur.