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Clearly Jim Parrot is wrong because G-Fees are rising and it's "affordable" housing is becoming less affordable.
Which goes against everything that the democrats even want.
Forget the legal cases and all the hoopla...
What will drive admin reform is pain in the mortgage industry.
LET THE INTEREST RATES KEEP RISING.
I want to see more of Dave Stevens pounding the table reeling in despair from the mortgage industry sinking.
I think you added an extra zero by mistake, the price target is 5 cents.
Hope everyone got out when it went above 50 cents.
Because a Lamberth win will result in the plaintiff attorneys to walking away with ~$1billion
She came back for revenge. It's personal.
The govt goons have nothing to lose in this case but y'all know that if the P's lawyers win, this is a yuuuuuuuge mark on their resume for all eternity.
Might as well wait for a nickel, it'll go lower.
If Lamberth is toast, it'll most likely continue to drip drip drip all the way to January. Granted there is no catalyst for the rest of the year.
Ok. I think the wording is not ripe for the populace.
To win requires a unanimous decision.
However, if the unanimous decision comes from less than 6 jurors, the verdict is VOID and it goes back to retrial round #3.
It'll be nice to get a "win" from Lamberth but at the end of the day... it still won't have much of an effect on the conservatorship status.
You're still dead set on betting on what you want to happen.
Are we going to set a new world record for # of times a jury can be HUNG?!
How's the food quality at the courthouse? Lamberth enjoying his free daily lunches?
I await the day to see the nickel common shares.
"Zorn said she couldn’t accept this deal because it would’ve waived too many claims from preferred shareholders who weren’t represented in the lawsuit, after more than 2,800 investors wrote to Zurn in opposition to the deal, according to Bloomberg."
Judge Zorn blocked the conversion to protect JPS from taking a haircut.
Similarly, FnF JPS conversion to commons is the 2nd best option. I actually prefer to keep my shares and milk the dividends for perpetuity.
Yet, half of the jurors in the previous Lamberth trial could not see that.
His fax and office phone is on there. Now's your chance to fax them letters (:
Trump wants to make a YUGE profit aka dilute commons down to a nickel.
You forgot the 6% annual interest rate.
Refer to familymang's chart
https://twitter.com/familymang1/status/1664296704802185217/photo/1
Sorry... I thought the 5 cents were a rounding error so I excluded it.
Are commons going to take a 2 week vacation? It's all JPS in court for Lamberth.
That means the buying appetite was nearly equivalent to the sell.
If it was pure selling, it would be down 20-30%
As I said earlier, two parties are swapping from FNMAS <~> FMCKJ
FNMAS Vol = 16.8MM
FMCKJ Vol = 14.5MM
FNMAT is below avg vol @ 25k shares
FMCKJ has high volume as well... two parties probably swapping since the other JPS haven't budged.
Which one is the most liquid 50s?
Distribution of capital is forbidden. Buybacks and dividends fall under that category.
That's why I don't understand why commons even follow Lamberth... there's nothing for them.
Most of the lawsuits go away with conservatorship exit, conversion of seniors, exercise warrants, and convert JPS.
All of the above essentially meet the "ask" by the plaintiffs, thus closing off most of the cases.
File the lawsuit if you have conviction in your thesis.
He asks if you're close to 20 million and you say you're going for 30 million but not greedy lol.....
I'm just a little bit shy of 5 million par and will probably hold the line here until December.
- If it moves I just let it ride.
- If no action by December, I'll probably get the chance to pump this to 100 million par.
Is it jury selection yet? Or is it next week?
No. What information even the ATTORNEYS can convey to the jurors is restricted and limited.
Just like how it isn't possible for the attorneys to even suggest a damage model that is greater than what is allowed.
Lamberth has decided this amount of scraps is all that we are legally allowed to ask for.
Lamberth win does not further the cause for conservatorship exit.
Commons dead on arrival unfortunately...
So... when is this chariot act and the major coco puffs doctrine going to file a lawsuit?
Calabria must be losing it.
He, himself closed off the off-budget slush fund from Biden.
The incentive to maintain the status quo was GONE with the last amendment that Calabria put out and effectively stopped the NWS.
There are two separate processes that happen during recap and release from conservatorship.
The biggest barrier to exit is the seniors and how treasury will get "compensated" for what they've done and what they are owed.
The second thing that most likely has to occur is a capital raise, which occurs after the seniors have taken their share. Seniors got paid first.
There is a slight nuance in this but seniors cramming down is NOT a part of the capital raise. JPS conversion is an option for raising capital. That puts them closer to being on the same boat as new capital.
The reason why that distinction is important is that JPS does not have to do anything. An alternative option is leave JPS as is with no conversion. FnF can simply raise an additional 33B.
Of course people will kick a fuss about how no new capital wants to be underneath of old JPS.
Yes, it is true that treasury had plans to do it "all at once" because they want to leave no room for anybody to take advantage of the process once the ball gets moving.
Bro, the only thing treasury can take are the retained earnings and equity in FnF. JPS remains as debt and the new owners will inherit that obligation.
JPS remains untouched regardless of which scenario treasury wishes to utilize to get repaid.
Once again, I am asking you. Do you know the reason why there is even talk of JPS conversion?
You do realize that senior cram down does not require the JPS to do anything right?
Seniors convert to commons and dilute them to oblivion... all the while... JPS remain as JPS.
JPS being made whole or converting to commons has nothing. Zilch. Zero to do with senior cram down.
Those two events are completely unrelated.
Do you know why there is talk about JPS converting in the first place?
Hence why I said it was already decided and not being decided.
But the nws was already decided it was legal by the courts.
Nothing new happens whether we win or lose lamberth.