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Yes,,it WAS A DIVIDEND at 10%. That changed by your pal Obama! NWS! Dividend is spelt d_i_v_i_d_e_n_d. And you posted the original 10%.m
So, no spike shorty,
Show me the case challenging the Net Worth Sweep Dividend. Come on man! Does that help? A little Joe enthusiasm?
As usual, you donotunderstand. If NWS is a dividend, why are suits challenging it as a taking? If it's an illegal dividend, than challenge it as the net worth sweep dividend. Words matter to courts. They know it's not a dividend, hence all the justices referencing nationalization, why? They recognize that a net worth is NOT a dividend.
Which case, so far has challenged governments dividend? Specifically? I'll wait while you go through all the cases to only find that those which challenged
Be well and prosper.....find Gabbie and pon farr.
Where's your fulcrum cram down net worth sweep dividend conversion law suit? Yeah right, nonexistent , so government is going to do it just because you say so. Ha ha ha
What's gotten into your shorts? Thought you were a conservatorship restructure expert? Doesn't sound like it to me.
Nope. It's not a dividend. Better hurry up and call all the news outlets, all the government, all the courts, Tim Howard, and everyone else that calls it a net worth sweep and never say it's a dividend., lol
You're truly lost and beyond help. There is no "D" in NWS.
Here's the definition for you. The definition canotates a sum, not the net worth, it says to shareholders also. I am a shareholder, Guido is a shareholder, Robert is a shareholder, we all bought shares legally. The government is NOT a shareholder, they fraudulently made up their position and take the net worth of our companies. It is no way a dividend to them. The companies never needed their bail out. We have an unplayable loan balance, that never goes down. When an entity takes your net worth, there is NO dividend.b. also based on the law government is NOT allowed to invest or own private corporations, based on that, how is it possible to pay them a dividend?
div·i·dend
/'div??dend/
See definitions in:
All
Finance
Mathematics
noun
1.
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
2.
MATHEMATICS
a number to be divided by another number
I think you psychologically make up what your mind and your futile thesis can't get from courts or government. A net worth sweep dividend for the JPS clown pose. Trying to disguise a cram down or conversion? Or are you just re-naming it? No matter, it doesn't float here. You guys are all about providing partial info for arguments, making up terms like fulcrum security, NWSD (lmao), I don't know....maybe it provides some sort of mental security, comfort as you JPS folks see your chances for anything just dribble away, quarter by quarter.
Ive said it a 100 times, JPS will get par or close to it eventually, 3, 4, 5 years after release maybe, but while released commons will spike, and spike, and spike. There will be no dividend for any share class other than governments if they create a special class JPS just for them, they can do it, they own the BOD. So JPS will be blocked for who knows how long. This is my opinion, yes.
Just as good as yours. The variables are not known until it starts to happen. No one can say who, what or when. I only know the government, at least 1/2 is vehemently ageist making hedge funds rich. They use to be in JPS, but who knows now, with the JPS prices where they are???
I own FNMAS by the way, 10k. It's my NWSD gamble! Lmao
From your own posted paragraph, just to spike it.
Maybe one day you'll find me one person in government who has said NWSD? But I highly doubt it.
Keep on making things up as you go, we'll call ya on it. Lol
Post of the week! You took the words right out my mouth , lol fantastic, well stated DaJester.
Kthomp needs to back off with HIS THEORY. There's a ton of variables no one can foresee, absolutely irrefutable...and that bothers the crap out of the cram down conversion crowd, and so does our capital building.
A.....nope, seems the pixie dust snorting has short circuited your frontal cortex and other grey matter functions.
No one, no one has said NWS is a dividend, it's a dual bankruptcy protection, and fraudulent made up fee for a back stop.
Treasury, FHFA and others do not refer to it as a dividend, you R high, pixie dust high.
That all depends on this next election....many 75 and older politicians need to be bounced out the door
Many in our government and courts, now a days, seem to not give a rats azz about patriotic optics, rule of law, integrity, and are to busy clouding up the difference of what is right and what is wrong - sadly.
I still don't see net worth sweep dividend...
That is breaking down that it's no longer a dividend but the net worth AFTER any applicable other necessary costs.
You still have not provided any link, government quote or news quote saying it's a net worth sweep dividend. Every article and government speech on the topic I've read has been stated NWS ever since the agreement changed.
Please provide us a link by any FHFA head, treasury head or president that refers to the NWS as a dividend. The NWS is not a dividend. Dividend is a share percentage of an earning, not the full worth of something. It was said the agreement was changed to no longer be a 10% dividend but the taking of the companies total net worth, hence net worth sweep, not net worth sweep dividend.
But wait! You're educated, so you should know words and terms matter, especially if you're a restructuring expert as you claim. So why are you making up this new term NWSD net worth sweep dividend? How do you rationalize a dividend and a net worth as being the same? No one ever has attained a net worth as a dividend. The NWS was to supposedly back stop the treasuries commitment along with the warrants. That is collateralizing in case of a required bankruptcy down the road. It guaranteed government EVERYTHING including your JPS if the GSE's ever failed, but it's turned into an illegal raping and fraud since their intentions were to not release.
Wrong,,wrong and wrong again. Dillution IS NOT THE ONLY PATH. Documents could get leaked, a former BOD could man up and want to clear their conscience before they die. There's so many posibilities, you can't list them all.
The GSE world does not revolve around JPS. This last Lamberth ruling should have told you that and should have been sobering. Put the rolled up dollar down, quit snorting that pixie dust of yours.
Being in the pixie dust and full out snorting it, is far different, so put that rolled up dream dollar away, will ya?
The grounding! Easy to ground most gas cars, even though they are electrical intensive AND car batteries are way less juice sice they don't RUN the vehicle. Your gas car alternator runs the car electrical systems after the starter starts the gas combustion/ignition process, so way different , your comparison is apples and waremellons! Electric car, the whole propulsion system along with everything else depends on a very large battery pack having juice. You throw battery stacks in a car and you got much more ease of shock occurrence. You ever see an EV car fire? Takes 4x the water to put out than a gas car fire.
Batteries are an imperfect power storage vehicle and need more improvement to be universally used in all possible climatic and enviromental situations. They are also very non environmental friendly when it comes to recycling.
Dat's for sure!
Guywithnoname says 15 years experience in restructures. I myself have been in this CONSERVATORSHIP for 16 years, so I got him beat in experience, lol. Lots of you guys match him or come close
Please, please echo me.
Beyond the moon
Couldn't resist Brooge, he claims we have an echo chamber...throwing stones in a glass house, he is!
JPS on here is the biggest echo chamber. Lol
Oops, stupid spell correct! Lol meant DaJester not disaster.
Lol!!
Yeah, but how many years dealing with an illegal government conservatorship?
You guys need to look up restructure and conservatorship....and Waa-la! You will see different definitions.
Restructuring financially has been happening ever since the allowance to retain capital. Once that capital rule is back to where it should be.....Waa-la (Once again, lol) instant recap. There could be other events to accelerate capital requirement need. Like canceling of 1/4, 1/2, 3/4 or all of the seniors. Same with the warrants. They are supposed to release STRONG companies, not two weak, raped financially by JPS holders, so they can be dumped immediately back into conservatorship companies.
Disaster, I am enjoying your posts and agree! Lol. I too think people saying you can't do this, or you can't do that, are really blind, especially if they've been here long like many of us. There's absolutely no law our government can not change within a day to suit it's needs, nor is there a judge who could not "legislate from the bench" to fix a case for government. Both have been done in the 16 years I've been around. So anyone trying to convince people that any law or agreement is carved in stone is laughable. No one knows, that's the only truth.
Raging bitterman, you'd do way better contacting Hamish Hume or one of his partner lawyers on the case and ask them, email them. There are people on here who like to think they know it all, but really do not, and then there's those who are intentionally misleading.
I personally believe commons can follow suit on the current won one. Never say never when it comes to an open legal issue. Legal presidence is always changing in this conservatorship, and so are administrations, so constantly evolving, changing situation.
Remember Blue Man Group the theatre version? Where all those guys all played different plastic cans, drums, all kinds of different percussion? Well, Sweeny was the little one with bad hair at the back of the group,,you could barely see her but she was the one responsible for the big CLANG! every now and then. They gave her a can to kick against a wall, so yep, she's very good at that
you said there is no reason. The guy gave you plenty of reasons! Quit picking fights and using word semantics to CYA.
It can work good for them either way. One or two of these idiots (Senators) still exist in our government.
https://www.marketwatch.com/story/sen-bob-corker-says-investors-should-short-fannie-and-freddie-2015-10-07
Good health vibes to you! Stick around, the party's just starting! Lol
The judge was not a judge! Blatantly biased for the government. It's to be expected after his original nonsense hearing, way back that SCOTUS shot full of holes. I think when SCOTUS makes plaintiffs/defendants remand back to an original court district, the judges whose decision is remanded should have absolutely zero involvement on the remand, but the exact opposite is true. Nothing keeps a megalomaniac ego driven judge from further muddying up the waters more, especially if spanked by a higher court. Remands should go back to the same court system, but different judge.
Lamberth's judicial underhandedness in this is a prime example.
I agree. It would be absolutely clarifying if we could get the full BOD's testimony or all under a lie detector.
Well...I for one won't be "hurting" the companies. Whatever I end up with, will be reinvested back in them.
Great feedback navy! And thank you for sharing that brief but informative note.
Best of luck folks, long and strong, we are in the right.
If this is verified by market open tomorrow, the GSE's will rip and roar... But like last time, be careful folks, whole lotta manipulation going on.
Yeah, folks on here believing BO had his people initiate the NWS just because he could, are delusional. It's like coooome on man! Look at that email Navy posted to Mary something or other in the Obama administration (forget the guy who sent it). It pretty well infers the NWS being done to secretly accomplish an administration "initiative". So not a fairy tale as some here claim.
I don't like what any administration has done, so far, but the Obama administration was by far the worst! He had 8 years, 8years, I'll say it again, 8 years! No dam excuse for anything he did or did not do. Now Biden, who I said from the beginning will not do squat, almost at the end of his 4 years and crickets on anything GSE other than mandating give a ways.
Robert, we told folks when ST got in, death by 1,000 cuts (give aways), and here we are. Luckily some of it has been challenged and shot down.
Another interesting point in that debtor piece Embellish posted is where it states about even if backer of the debtor can not pay....last I looked we were never allowed a proper avenue to go to the market and acquire any bail out debt via our elected board. The government forced and hoisted itself upon us because they knew they'd be well paid back, reimbursed hugely.
Maybe the first thing shareholders should do, when we get our vote back, is construct a company bylaw that prevents this type of government conservatorship action, offers a predetermined route, predetermined conservator appointment like a federal court judge picked by the company shareholders, for any future financial problem. Like a poison pill to keep the board from falling into the hands of government control again. I imagine with the many minds on here we could come up with a great shareholder proposal for our FIRST vote, when our rights are given back.
That right there is exactly what these government chit-heads hate to hear.
True...we always come back to their incompetence or corruption.
Wow! That's a very well reasoned argument, fantastic. Very, very curious to see how Sweeny tries to kick the can on it. It is in her court, so will she keep dragging things out mercilessly, or will she finally call the government out on its illegal taking? Thanks Embellish
Looks like the government's power trippy escapades are being seriously challenged! Go Bryndon! As the company goes, so goes shareholders.
Do we not all have standing, as taxpayers, to sue the government to provide information on where that 320 billion went? Along with current monies being siphoned off? I wish a judge or jury would ask that question, especially if they ever get some of these higher level government people on the stand at a trial.
Or they could do like a real company and reduce some of that needless head count....but then I like your idea better! Put'em in conservatorship!