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When was this panel? Jared Bernstein - heavy hitter
Like the idea of the utility model and we should be hearing more about it!
Be well Bill! Best wishes on recovery!
Should we expect a replacement for Ms. Thompson?
Some are wondering why-no-mention-on-new-one, as this was not a huge surprise by SCOTUS, as they followed CFBP ruling to deem unconstitutional.
Maybe we get a real BIG BANG with announcement of permanent and also, the "plan".
FFF all true so what now will be the 5th PSPA
in a few months?
Warren is a Senator - no way
Wachter
Zandi
Parrott
Re-boot of the Obama team that screwed over with the NWS
The difference is the $$$$ they are now NOT getting.
Yellen and new person would need to change something for a recap.
Or, let them sit in c-ship forever!
Wachter? Zandi? Is there any news on this?
Don't they have to be confirmed like Calabria?
Calabria DID NOT try to end c-ship
Calabria DID want to reduce their footprint & give business to others (i.e. TBTF)
We got time now, but Biden has MS & JPM giving direction to the new team.
Lamberth seems to think Supreme Ct is going to make this case moot.
Odd that he mentioned.
Also, seemed like Hamish Hume (for plaintiffs) moving away from jury but to a bench trial? Surprised the govt. lawyers a bit.
Hume feeling confident that Lamberth has seen through the garbage?
Green day Thursday (or today)? WHY? No news so anyone know
The SC is not pronouncing for a bit but the count-down is on... only thing I can see.
Maybe just shorts letting their knee come off the neck for some air here?
Done a LOT of that swap - FNMA 6 or 8 > and swap when 2 or 4 greater
Like clockwork
John Carey is GenX ind investor John Carney is a douchebag
Hard to keep those names straight.
Bradford?
Well, um, let's just say I pray for him. Unlike most of us, who have a day-job or retirement or assets to fall back on, he's been waiting on a boat for a ship to come in.... our ship... but he's got a lot of debt and time has not been a friend.
GL Glen!
Toomey's left field advance of 'paid for' guarantee to US govt just might get some Congressional action.
A 'tax' on GSEs? Sure why not. Republicans would like to hamstring and Dems are just plain greedy.
20BP?
(when the losses are only 7BP?)
Sure why not?
If I had a nickel for every "BOOM!!!!"
And you have to remember "a nickel" was more like a dollar when the phrase was invented.
We have had lot of Boom talk, but very little Boom in PPS.
Hope this changes via SCOTUS or Biden understanding No $ until you play ball with SHs
Sen Brown supports GSE utility - that is good enough for me
Reasonable and not a kill them - it would be much worse if Mark Warner was the chair.
Good to go... ready for liftoff after SCOTUS
Can't buy FNMA on Robinhood. Shame, as it would be perfect low PPS high risk and very high reward!
Someone once said FNMA stock is like owning a car you can't drive
Unless they do something with the PSPA balance and clear the decks, I wonder how they raise $70B?
Agree - Riddle me this NWS ends and PSPA amended
How is this not good (great) for shareholders - C & JPS?
What is "donzo"?
Will SCOTUS rule before June? Can they?
Big question. Everyone has June on the calendar, but early action changes the game.
Why do you think they move it up?
Maybe Calabria is re-interviewing for the job?
Maybe he is explaining what he & Mnuchin did, and why, just before the transition?
One of the two.
You pick!
Dudes/Dudettes - How much coverage GSEs have before a month ago?
Nil
Nada
Zilch
Now, the WSJ is ALL OVER SM for his responses and actions.
They smell it coming.
He's not tipping the cards.
FHFA employees to stand at the ready?
Is that fake news?
Just saying.
Oberdictum thanks seems you are saying not really remedying Fannie shareholders but perhaps directing lower courts on path
Only in some legal carve-out, such as if FHFA is unconstitutional could or would they give backward looking remedy, but they all balked at the end per reporting that this would not be a good thing for SCOTUS to do here as it opens other SSA etc issues.
I guess we wait for Sweeney FCC
Thanks
Use of the word "nationalization" by conservator
It would seem that getting down to brass-tacks and excluding the legal questions of APA, Dismissed for cause, Acting director vs. appointed, and all that seem moot.
What they did was wrong.
I suppose the next "legalese" interpretation is that this is not the Federal Claims court (i.e. takings).
So, can the Supreme Court make any remedies for the non-FCC issues, given that they recognize it was ... just plain wrong?
Idiot is almost a misnomer, when something is not something, yet one calls it the other thing.
"Preferred Stock...is almost a misnomer...it is debt"
AlongZRide = 10k x 82 cents = $8,200 (so far)
Gulp
What if it does go to $10 overnight?
Says the guy who has lost $5k in a week
Along get off the soap box and cover.
It's over... it's not a OTC trade any more.
$7.50 should be - when Mnuchin Xs $187B SPS + $30B tax credit (for the overage).
That's a lot per share!
Come on... JUST DO IT!
AlongZRide sure I bet he shorted at 2.70 and covered 2.20
And made a MINT today!
Who has time for his nonsense.
Activity sure has unclogged the gears here!
Our stock is getting into prime time - YES, like Kodak
"For the times of your life"
Disregarded and forgotten.
Left for dead.
Thanksgiving week gives good cover, along with govt. & WH at a stadnstill.
Everyone looking at Trump Coup attempt and Electoral College.
We'll hear more from Kayleigh 'he has legal right to exhaust all channels than Mnuchin - c-ship ends - stories.
AlongZ you are doomed
Been right in the past.
Not this time.
10k at 2.18 or so?
GL with that
Windfall? Seriously?! Past 12 years & PPS has gone nowhere
Could have bought TSLA for $200 and gone to $1600
Could have bought Trump 'tip' on $WKHS battery car in Ohio for $1.50 and went to $16 and higher.
So many stocks to compare, but $8 from $2 is not a windfall. It is:
a) get back for shorts' games, b/c they knew "no immediate action.
b) earnings did not equate to PPS appreciation b/c govt. was taking it all
23rd is my B-day! Here, here to a very Happy BD for both of us!
Holden not >$5? Did you see Moelis ever? 8,10,12
How does that happen?
1) Give back of the over-paid $25B over 10%
2) G-fee of +10 or 20 BPS
3) Conversion of current JPS for ~3 shares (i.e. $25 for $8 common)
4) New JPS at what 3 or 4% - but they better make them cumulative!
I think we'll see $4 very soon.
(wildcard: if Buffett signs on, then higher)
Navy this article written college kids
Who literally were in kindergarten when I bought FNMA in 2008!
When public companies, they don't give stuff away like private c-ship companies can do. Keep 'em private! (Maybe their uncle is Bob Corker?)
100% Private Corps - Yes, but Preferred Govt shares get all profits, forever.
Until a court says they shouldn't
David Thompson Collins (JPS) plaintiffs yes, but MC wants ALL lawsuits to go away.
ALL classes will have to be happy.
To me, it is a thread the needle to:
a) Satisfy JPS (giving gobs of common will make happy, but incite common)
b) Satisfy Common - not diluted by JPS or govt.
c) Govt. - not give away too much to keep warrant value high
Ain't easy and there are many, many holder of both to appease.
RuleOfLaw & JosephS wondering how settlement happens
Serious question here.
Who decides if it is a good enough deal?
Commons (many varied owners) and/or JPS (many varied owners)?
MC & SM would need to make it agreeable to whoever is at-the-table but also to those that are not.
Ackman? Berkowitz? Capital Wealth (10%) others? Who would be at this table?
Certainly, the COLLINS Plaintiffs.
Kthomp not my sense $4 when they uplist
$6 when they announce plan per JPM/MS
$8 when the plan goes into effect
OCT $4
NOV $6
JAN 2021 $8
Govt. not going to sell cheap - see note from Warner. They can't give away the warrant value.
$8 to $10 is more like it (+1)
But this is 4x from here ++++
Plus, plus, plus
First move will be to $4
Then $6
Then $8
Just need a teeny bit of news, as there are not any sellers with medium to long-term view that do not expect more than 4 or 6.
GL
Best get on board.
Navy, 2020 - age = Birth year (always works)
Birth year + age = current year
This is why many people (esp. in Europe) will give the year of birth and not their age.
Two issues with SCOTUS NWS and Unconstitutional FHFA
Kthomp - yes, they can take a scalpel - if FHFA did nothing wrong as conduit of HERA, then just make the director removable-for-cause. Done.
All - NWS being ultra vires, where govt. has claimed and won, in claiming they can do want they will under HERA. This is the failure of Point #1. They did do something wrong as the conduit of HERA.
This is why the focus of the Amici Briefs is on on the NWS and the fact they had other options for cash as well as they didn't need the money that they were forced to take with accounting shenanigans.
Pres. (one of them) sworn in Jan.
Dec. 9th - SCOTUS
Nov. 3rd - Election
Earnings sometime soon
Capital rule finalized?
I.B. reports from JPM & MS due?
Move to NYSE bandied about anytime and consent decree and release from c-ship plan.
Got a lot on our plates in the next 30, 60,90 days