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Lol! Ha ha. Probably the one that had a contract claim to the toast
Brooge, the answer to all our donkey problems is toast! Who'da thought?
https://www.foxnews.com/video/6337209735112
That very well may be the case. I agree, Joe public gives a rats azz about everything GSE. I said before, you could fill a stadium with the people who actually care and know.
It does seem they are determined to keep us here until 2028. But if warrants expire, YAY. That leaves seniors and the NWS that was renamed. The government set itself up to own a majority stake no matter if one or two of their fraudulent take over backings failed. If we hit 2028 they will use the excuse that warrants expired, then write down the seniors, but still have a big stake through the dollar for dollar equity steal. That very well could be converted to extra common shares or a special class B, C or whatever, to give them a majority vote for a long while if they attain 51% of common shares. They can use their vote to shut down the minority common holders and JPS dividends, AND use that clout and the ownership of the BOD to ween out the more expensive JPS shares.
The scenario's change massively the closer we get to 2028. The next administration may very well also forgo doing anything to let it all snowball into 2028. They picked an election year on purpose. Look for 2028 to be a very, very contentious election, with probably lots of "GSE" stuff mentioned in the news.
No. Government absolutely does not need any permission or conversion of JPS to get this done. You did not understand the post, nor did you read it all. If it's as easy as appeasing the JPS crowd, then why is government fighting their lawsuits, why is government against making the JPS hedgies rich? What is government waiting for if it's as simple as throwing bags of shares or money at the JPS holders? Why are we building capital quarter by quarter? To make JPS richer?, no lol. Why is this administration not even whispering GSE? Where are all the folks in government yelling to make JPS rich so we can end conservatorship? Or where are all the mortgage people saying this? Hard questions that the JPS pumpers here have no REALISTIC answers for.
Hera does not mandate that the government do anything to better any share class. Thinking you're (JPS) special in this is very dangerous way to invest in this. 15 years has told anyone with common sense here that NO ONE is special.
Your basing release assumptions on the need for capital or a capital raise. Thats decreased alot and I predict a magical much lower capital number at some point due to the stress tests and industry pressure.
The seniors and the warrants are what holds the companies heads under the water. If government wants to release two fiancially weakened companies, they will do what JPS holders are advocating. If they want two strong, viable companies able to run as they currently are, they will do what's right. Yes, it's very hard with the web they weaved over 15 years to do what's right, but not impossible. Those advocating for "needing to get theirs" and screw everything else, I think, are going to be sorry. Housing is something they don't want to get wrong, with how it affects the economy.
JPS called for bankruptcy for a long while also, if you've been here long enough, and so, how has that worked out? Yeah, they stopped pounding that drum once capital was allowed to build. There's a very salient point that JPS also keep avoiding/neglecting, there is one half of government that absolutely does not want to enrich hedge funds. The hedge funds are JPS advocates and the first one's to throw suits at the government. Yet, JPS believe the government will rollover and lay in bed with them at release? I don't know about that....
I really hope so. They seem to all be in lock step in DC on this, no matter the party. Lamberth was obviously skewed and we still have not heard a final judgement, so you have to wonder what they are brewing.
How hard would it be for government to add an amendment again or self deal with a letter making the seniors vote positive? I see them for years changing, manipulating as they go, bleeding who ever decides to court challenge their constant meddling because they can. There's nothing stupid or crooked enough that I would not put past government.
Your contract wasn't respected, it was cheapend magnanimously! Look at the ask, the original filing by JPS plantiff lawyers and look what you got. Pissant chump change. I own 10k jps, but for the dividend far later. Everyone hyping the JPS seem to be okay with illegalities as long as it only applies to common shares being depleted or disappeared. But when someone says, oh, well your contract can be disolved, then JPS cry all over illegal! Illegal! Noooo! But YES, it CAN happen.it would only take 2/3rds of governments seniors to vote out the JPS holders, hows that sit? The seniors are over JPS so they could easily reclassify or wipe out the JPS. Believing you have some sort of immunity here is very funny.
Jps could be disolved, if government really wanted.
Ookay, well you just let me know when this fantasy happens. Until then, last I saw JPS are in the gutter now for quite some time and large holders have dumped. So pump all you want.
Do you realize how many lawsuits would evolve from what you are stating? You think it legal for government to stop and cease legally traded shres of shareholders just so they can finagle a JPS get rich quick scheme? I don't think the SEC or any court would approve of the legal shareholders segregation so JPS can swindle wealth away from shareholders. Immediately, that day, suits would be filed, I guarantee it.
In the same instance, lets say they cancel the seniors and warrants, but tell JPS they will never get another dividend.
That would be my Keurig...you're psychic! Lol
Another DC slush group to fill with overwhelming political appointees - to do nothing but leech off of money that the FHFA leeches from the GSE's. This current administration is on track to increase government size by 50%, at least. 80k IRS, doubling of all the rogue agency hires in the past 3 years, and now they are creating sub-agencies "advisors" to tell the worthless people running the rogue agencies how to do their job. Does anyone see anything wrong with this? Lmao. Pretty soon we'll have advisors advising the advisors to the agency, so the agency can do the job they were appointed to do.
If any government AGENCY needs advisors, its time to clean house and replace everyone at that government agency. Warren Buffett says he can run FHFA/GSE's with a handful of people. This goes to show you that those employing people in the government currently, have no idea what they're doing, and they themselves should be replaced.
Dajester, these guys cherry pick different information that evolved over the past 15 years!, like Calabria/Mnuchin saying blah, blah, blah....doesn't matter one whip, THEY ARE GONE. Then they love to go to the AIG argument, again, useless. Then there's 20 other rah, rah JPS THEORIES.
These guys grasp at straws to justify their hypothesis out of desparation, as they watch capital build quarterly. They'll be spechless one day when a new lower capital rule comes parading out and then maybe followed by a few other surprises. It's a waste of typing trying to make them realize they do not in any way have the market cornered. This conservatorship keeps creating more and new precedence that none of these idealogue trollers could have predicted, and stll can't.
Man oh man.... saw that cartoon the other day. Perfect
I've been saying the whole damn government needs to be put in conservatorship! Look at our debt? The dysfunction? If it's anywhere that taxpayers are experiencing losses due to subsidizing private gains, it's the money we send to DC and how it just disapears, no matter the amount. The hypocracy of DC is no longer debatable.
Ya know what's funny and ironic Robert? Every once in a blue moon (every couple years) I run into a box of Fannie May chocolates at a drug store or regular store, and when I do, I think immediately of all the ihub posters I know on this board! Ha ha ha.
Well that helped clarify a bit for me! Thanks
What's really stupid is these articles that act like Joe public will get mad if treasury or FHFA do not maximize something out of this. Joe public doesn't give a crap! Exactly how many people follow this? You could probably fill a good size stadium with those who know what's going on and follow, opposed to the gigantic other part of the public who has no idea. It would only be a few naysayers in the business or mortgage community that would make any stink if the seniors were cancelled, or warrants were cancelled, or both. It's the same shuck and give parroting like the government is protecting taxpayers, lmao, the government protects government and that's it. They put out phony punch repetitive lines like protecting the tax payer, tax payers losses subsidizing investor gains, death spiral, now they say totally muzzled from doing anything because of the eyes of the public watching! So scary for them, lol Lmao. Yeah, a whole stadium is watching. I call bull crap! Look how much everyone and the world is worried about GSE's?! Many here have been trying very hard to expose this truth to a major majority of the population who cares less.
These "narratives" and fake postulations by government are a joke. Big joke and they know it.
How are those contract claims working out? Sandra and her newly appointed pose are going to release any minute now........ any minute now.......... you'll see a n y m I n u t e nooooow......... any minute NOW! you'll see, released soon, any, any, any, any minnnnnn zzzzzzz
Thanks Brooge.
There are fine upstanding folks on this board and involved in this who's honesty and integrity I appreciate. Yourself included.
I try to be a good Catholic/Christian, but I am human, and have my weaknesses, I get angry when I shouldn't.
I read through it and thought it went 50/50. I also did not deduce that he was chopped liver, but could have been more persuasive possibly. One thing I did not maybe understand...was there both an FHFA or DOJ lawyer and a treasury lawyer allowed to gang up on the plaintiff lawyer? The judges should allot both sides equal time opposed to splitting it three ways, that's just not fair arguing.
Thank you for that transcript ACE! Much appreciated
Your a heck of a fighter here! Patriot all the way. I have Portugal on my bucket list. I really want to go! Visit Fatima, see their country side along the ocean, beautiful! And the food! Brooge's friend he calls papi on here always spiked my curiosity about Portugal.
I know you're in Cali, my sister used to live in San Jose, so I've visited there and Napa quite a few times. I hope all you guys in Cali made it through that bad hurricane rain okay? You, navy, whoever else
Oooh my mistake! Thanks brooge. I thought Guido was Italian, his last name also. My bad. Apologies Guido
Grazie Mio Amico!
You get it! Welcome aboard.
Forest Gump Luck = SHORT.....I do believe. Their heads start popping up here with negative predictions whenever we rise.
We need to get a picture of that counter and send it all over Twitter X, government and news outlets saying: "how long does it take our government to do a job, 5,479 days and counting! UNBELIEVABLE! UNACCEPTABLE! UNCONSTITUTIONAL!"
He keeps claiming JPS will have to me made rich for recap purposes, that logic blew out the window with the stress tests. The reality is the GSE's are currently more than capitalized enough and ready to get out of government control, but then JPS always throw up the seniors and warrants. The truth is, and the business community knows, that government cuts their own throat and weakens the twins beyond any rescue if they try to finagle anymore stealing than what the original fraud has done already. Governments muddy paws in this prevents true growth, true investment because no one wants to be partners with them.
This whole 15 years has been seen by many in the business community and folks are watching to see if it plays out fairly. If the government decides to take as much as it can and run, no one will help or come to the aid of a GSE capitalization, investing or otherwise. Because they will know any private sector rescue can be usurped by government at any time and used for their "taxpayer" lip service baloney while they rob the places blind. They either make this right, or they make it worse. We will see.
Best of luck EVERYONE!
Why should the GSE's have to provide any fee for governments back stop? As anyone is aware, that's been here for awhile, the government created the GSE'S in the beginning to provide the 15 year, 20, year and 30 year mortgages that banks refused to finance/back stop. Once the government IPO'd Fannie, it was the governments responsibility to make sure that their guarantee was there to cover THEIR mandating how and what Fannie offered mortgage buying from the banks. That back stop has mostly only been needed to help out when the banks and mortgage lending places go rogue and screw up the system.
Now they try to turn the tables and use taxpayer muddy logic to explain to the population that taxpayers should not be on the hook for loses, yet government and their constant interference and protection of the big banksters is what drives those taxpayer losses. The government always wants their hands in the GSE cookie jar, so they should be paying the twins any fee, or shut the he'll up and provide the backing like they did for decades, before they made up this total farce of a conservatorship.
Best article in a while Navy, thanks!
That's perfectly ironic ha ha ha. The government dumb dumbs keep claiming they are protecting the taxpayer by taking all the GSE's earnings, yet don't give two shitz about protecting the same taxpayer by giving away unqualified mortgages! You can't make any of this garbage up that government has been trying to pull on the GSE's since Clinton.talk out one side of their mouth, then the other.
Super glue sticky!
So we can stop hearing anymore from the apples and oranges groupies on AIG.
Perfect response! Lol, lol lmao. This one time, at band camp. Best post of the day.
Trying very hard there to push the phony bankruptcy theory again, Eh? Yeah, right. Companies making billions upon billions are ready and ripe for bankruptcy....said no business person in their right mind EVER!
Anyone who did not release us is abused equally. Most are bashing all administrations equally, because they ALL had opportunities to release. Some had more time and opportunity than others though.
What happened to irrefutable contract claims?
Lol! Yes!
I get it....The JPS crowd are butt hurt because they want to keep challenging as to why government gets a dividend and they do not. The governments judges have basically cancelled any thought to their contract claim in which they proudly claimed they had priority in dividend payments until government took them away. Problem is, once the government switched to the NWS from a 10% dividend, there's an absolute variable that they find hard to swallow with that move , that is no chance to contest in courts that they're not getting a dividend! So what's left? Bankruptcy, that bird flew the coop almost a decade ago. Lol