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Far different. I see
Just saw that headline posted on TD acct. at 3:51
Says more to follow...
Calabria not likely to maintain GSE cashflow????
SOB
I spent my career in the federal system. Worked for both DOJ and Judicial system, USA’s, AUSA’s. Even on occasion worked details for-with the Legislators.
Law will prevail.
Yes there are politics involved but i’m trying to be as candid as possible here.
They do have influence. They have the least influence if any throughout the judicial branches.
Federal judges for the most part do what they want and what they feel is just regardless.
Just an inkling of attempted influence and that person risks disbarment mad possible prosecution.
It’s extremely touchy subject to even inquire as to the status of current cases unless it relates to criminal proceedings and your the agent/officer/deputy on lead.
Long story short. If you i’d to trust govt I would certainly choose lifetime appointed judges first. jmo
Then you obviously are quite aware how quickly things are progressing in the current environment as compared to say the prior decade.
More positive things have happened this past year than every previous 5 yrs combined.
Courts
But out rumors
Capital retention WELL above previous levels - 8x actually and currently rising
Firms hired to assist in release
Consent decree ?!
100’s of comments referencing post conservatorship
Talk of milestones and separate release dates
Capital raises etc.
Literally too much to list bc I could go on for hours
Since you say you were around during Obama’s term what do you remember?
I remember getting slammed at the state of the union and stripped of everything including our reputation.
We have literally about faced since those times. Now we march forward
I happen to think he will be. Otting was clearly NOT what they were looking for and I think Calabria does have the correct mindset. He is honest to a fault at times like saying shareholders should have been wiped out last time and he wouldn’t hesitate to do it now if we become insolvent. He knows that can’t happen and will carry out the agenda he was given. That dog eared copy of HERA is his holy grail.
If it’s not in the statute .....can’t be done.
Would be nice if he would stay out of the light a lot more. jmo
That’s about the most simplistic view someone could have. Experience and knowledge makes things much easier.
Let’s not forget! More than a few companies will be EXITING these exchanges due to pps requirements (no buy backs if they receive funds) and I see numerous bankruptcies on the horizon as well.
First to drop. Traded well over $300 not too long ago.
https://www.google.com/amp/s/www.wsj.com/amp/articles/u-s-shale-driller-whiting-petroleum-to-file-for-bankruptcy-11585746800
U.S. shale driller Whiting Petroleum Corp. filed for bankruptcy protection on Wednesday, becoming the first sizable fracking company to succumb to the crash in oil prices.
A lot of brick and mortars will disappear too. Bye bye Macy’s
Plenty of room for FANNIE/FREDDIE to move up
Considering we are already approaching the middle of 2020 with 2021 approaching quickly I think that timeline is practical and achievable. Not too mention after almost 13 years another handful of months means absolutely nothing to me.
Why do you assume preferred holders would share ALL the common upside?
This process has and will allow ample time for common shares to steadily rise and rise significantly as all value investments do. Commons have no cap and could possible trade at many multiples of current levels before or to be more accurate, if any settlement talks have even neared finality.
In the investment world, you must live your dreams through the specific investment vehicle you have chosen to own. Preferred shares will, as expected at purchase, reach the level of par. Good story the end.
Commons increases on the other hand are not bound or restricted. Obviously F/F will be increasing significantly just as preferred shares will the closer we get to the truth.
To arbitrarily claim preferred will simply just convert with zero knowledge of timing, price, structure, court rulings etc...is just foolish imo.
UN believable. There are now words...
“False. The SPSPAs only say that Treasury's ownership via exercise of the warrants only cannot exceed 79.9%. There is nothing in the SPSPAs that says Treasury cannot end up with more than 79.9% if they convert the seniors to commons, as they did with AIG. There is also nothing in the SPSPAs that says both the warrant shares and existing commons cannot be diluted by other means, like a junior conversion or an SPO.”
If they do, they must add GSE debt to the deficit. I don’t see that happening.
It’s a battle right now
How we are NOT being mentioned with all this talk about government taking equity for temp bailout funds is beyond me.
One half says NOOOOOO govt can’t do that look at GM
Other half says it’s unprecedented and unconstitutional
Who will use US as an example of taxpayers making 100’s of billions?!
Is the market getting shut down ??
50k trade @ $1.56 just now. unreal
Not a confidence building bounce after multiple daily losses and a 2k pt drop yesterday.
I’m not buying anything for at least another week. Maybe 2
So as of now FHFA is affirmed unconstitutional
What they want and what they get are two different things.
Very substantial
Nice analogy, fits perfectly.
Hilarious
Sammy will be on the grassy knoll ..haha
haha No doubt
Smart man
Yes sir
Gap at 2.97 also
Still a gap at 2.97 as well
I agree. Happy new year Navy and all FNMA holders.
Decent earnings w needed pps increase.
Good day today
Would have agreed a few years ago but not anymore.
The courts have a FIRM grasp of the situation and that changes everything
Oh stop. They were bankrupt
Exactly the reason I’ve consistently said NO settlement. Let the gavel fall where it may.
Commons are the place to be
Ok I’m confused. Why in the world would another payment be made to treasury?
We certainly have not reached the 45b threshold so this makes no sense to me at all.
Those dollar amounts are a ridiculous comparison and has no bearing on liquidity.
Another Thanksgiving I have to explain to the in-laws why they still haven’t made any money. I believe this is 10 in a row now?
Not sure what’s more shocking. The fact that i’ve had this stock for a decade or the same in-laws for a decade.
Happy thanksgiving GSE holders!