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I put on a set of head phones and listened several times.
I almost had a buddy of mine who is into audio files clean it up and digitally review it.
At one point during the exchange that got heated, it almost sounded like the defense attorney said under his breath, "we have no case".
He was frustrated and I thought I heard a hot mic pick up on it.
Anyhow, Im not selling anything.
However, Im not buying anymore as well.
It would be past my comfort level.
thanks for your input.
Most of these the volume is horribly low.
I guess I waited to long.
Ill continue to watch.
thanks for your input and the others.
I am looking to hedge my commons with some preferred shares.
I would like your opinions on which pfds have the best risk/return currently. Im aware it changes daily.
Yes I know commons has more upside. I have a pile of them.
Just looking to level the field in case I am let down yet again.
Thanks in advance.
Looking to buy around 100-200k worth.
Brother,
If 3x3 is all that it takes...we have been north of 3 Bucks many times. Not seen the volume that makes hay during the past over 3.
Just keeping it real.
aiding in reformation.
Hera should go away with the full capitalization along with the backstop.
If this crap happens again...It will not be good for commons.
Thats my opinion.
To answer your question...yelp im still buying.
I purchased mine slowly over 8 years with my Roth. Bad news is I was only able to buy 5,000 a year to satisfy the rules of the IRA.
But...its all tax free income...so you can add a imaginary 30% to my holdings based on that.
Buying slowly, not trading has worked pretty well.
When you do that...all the bantering on here just reads like noise.
Good luck to all, may peace and prosperity follow you all.
I think he enjoys trolling.
Im gonna rise above it.
I feel that a staircase capital increase is more doable at this point. Maybe reserve 25% profits for capital reserve each year non-taxed.
That would put them at a bank level in around 10 years.
Pretty certain they will make us sign a nondisclosure agreement as a precursor to accepting new shares.
Most settlements require it.
I guess after that, we would not be able to discuss the details of the settlement.
Seems like a daunting task considering how many shareholders their is currently.
thoughts on how that process would work hypothetically?
i dont know per se...but id say a large % has expired.
no one thought about the expiration date of the bonds.
if they are over two years expired...good luck getting paid past the statue of limitations.
thats a hard nose look at it.
JPS has not been kind to this board.
We were hoping for profits for everyone.
They hoped for our (common) demise.
some older expired JPS shares may be void.
passed the statue of limitations to sue for losses.
I hope they get par but, legally owed is another story.
:)
im gonna lick my pencil and put you down for a no on recap by selling assets?
negative ghostrider...
we own 5 trillion in mortgages.
you sell off a % to cover your 5%.
forget the 3 billion in the bank...
that is crumbs.
get out of the box.
its simple sell off some assets.
This is not a preferred board, but who is to say the government says your shares expired and its past the statue of limitations to file claim.
did not most those pfrds not expire in 2012?
its been a long time.
If I was the Ceo thats what I would do...sell off a small % of the assets and have a 5% capital buffer.
The sell off would most likely be tax free under the conservertorship.
This capital thing is stupid easy.
FNMA is a 5 trillion dollar company.
Sell 125 billion dollars worth of inventory to TBTF banks.
boom...your capitalized.
o7
sir you have your eye on the ball.
one friday out of no where...we will have an answer.
We will be "Founding Shareholders" and may have quarterly meetings in Delaware, during the earnings releases.
We would have to all agree on a resort...how fun would that be?
ackman should be our next Ceo.
thats as simple as it gets.
The odds are good for the next few fridays to be the "ONE".
Sure ill call a five dollar hollar....friday....weeeeeeeeeeeeeeee.
it should be there already...i remember it running to five on less news.
another release this friday?
maybe winner winner chicken dinner?
Let the Warrants exercise at the rate they bought in at...
.0003 per share or something crazy.
add those additional shares to the O/S.
Now let negotiations begin.
Capital Q?
if the gses has 5 trillion on the books...
why not sell off 100 billion and call your self capitalized?
Markets are dumb.
I plan on making hay when Fred is released first.
Only to buy back Fannie.
Ill let a month go by and let the price action settle.
Its gonna be a capital race.
FNMA is twice the size of FMCC.
Im thinking FMCC will be released first.
I may sell them and buy back fannnie...knowing she is not far behind.
Anyone else thought about this?
The Treasury could do a tax credit for the interest paid.
That would help alot.
Its not really a secret.
Even the POTUS has commented on it.
Id say its as close to public knowledge as it gets.
I think that is the plan.
Shares remain.
Otherwise, it would be destroying a company it was charged to conserve.
They are going by the law.
Thats good for common.
I wonder if shareholders will get any private offering?
Im saving dry powder just in case.
Anyone else considered this?
I bet En banc gives results Friday.
Stage is set.
Message you sent the Director...Spot on.
A simple reminder...
Just as GOT ended last night...Im reminded how I will miss the banter between the members as FNMA becomes mature.
No doubt many will move on to other stocks.
Wanna say that the past ten years has been a roller coaster, and Im glad I got to ride the ride with you guys.
Ive been buying some recently...if your planning on holding for a while, it really does not matter.
Gov waited to long to resolve this.
I wonder if all the plaintiffs are dug in or ready to settle.
they have spent alot of capital to uncover this matter.
Can anyone tell me how to get to the NYSE from here?
No way around it...a deal will include leaving the pinks in the rear view mirror.
listening to that en banc hearing probably woke him up.
we have had some good volume days...but i agree with you on the needle not moving. almost seems like someone is selling into to small victories. feels like deja vu.
bureaucratic robbers...i like your term.
it resembles that.
I still got my .33s.
Been on this ride a while.
I wonder if he will use the safe and sound model to fight the warrants?
its also an easy out to do the right thing.
who knew?
A court ruling on "safe and secure" and no capital.
They are desperately trying to get ahead of it.
"with a sense of urgency".
en banc could solve the capital issue pretty quickly.