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Dajester, these guys cherry pick different information that evolved over the past 15 years!, like Calabria/Mnuchin saying blah, blah, blah....doesn't matter one whip, THEY ARE GONE. Then they love to go to the AIG argument, again, useless. Then there's 20 other rah, rah JPS THEORIES.
These guys grasp at straws to justify their hypothesis out of desparation, as they watch capital build quarterly. They'll be spechless one day when a new lower capital rule comes parading out and then maybe followed by a few other surprises. It's a waste of typing trying to make them realize they do not in any way have the market cornered. This conservatorship keeps creating more and new precedence that none of these idealogue trollers could have predicted, and stll can't.
Man oh man.... saw that cartoon the other day. Perfect
I've been saying the whole damn government needs to be put in conservatorship! Look at our debt? The dysfunction? If it's anywhere that taxpayers are experiencing losses due to subsidizing private gains, it's the money we send to DC and how it just disapears, no matter the amount. The hypocracy of DC is no longer debatable.
Ya know what's funny and ironic Robert? Every once in a blue moon (every couple years) I run into a box of Fannie May chocolates at a drug store or regular store, and when I do, I think immediately of all the ihub posters I know on this board! Ha ha ha.
Well that helped clarify a bit for me! Thanks
What's really stupid is these articles that act like Joe public will get mad if treasury or FHFA do not maximize something out of this. Joe public doesn't give a crap! Exactly how many people follow this? You could probably fill a good size stadium with those who know what's going on and follow, opposed to the gigantic other part of the public who has no idea. It would only be a few naysayers in the business or mortgage community that would make any stink if the seniors were cancelled, or warrants were cancelled, or both. It's the same shuck and give parroting like the government is protecting taxpayers, lmao, the government protects government and that's it. They put out phony punch repetitive lines like protecting the tax payer, tax payers losses subsidizing investor gains, death spiral, now they say totally muzzled from doing anything because of the eyes of the public watching! So scary for them, lol Lmao. Yeah, a whole stadium is watching. I call bull crap! Look how much everyone and the world is worried about GSE's?! Many here have been trying very hard to expose this truth to a major majority of the population who cares less.
These "narratives" and fake postulations by government are a joke. Big joke and they know it.
How are those contract claims working out? Sandra and her newly appointed pose are going to release any minute now........ any minute now.......... you'll see a n y m I n u t e nooooow......... any minute NOW! you'll see, released soon, any, any, any, any minnnnnn zzzzzzz
Thanks Brooge.
There are fine upstanding folks on this board and involved in this who's honesty and integrity I appreciate. Yourself included.
I try to be a good Catholic/Christian, but I am human, and have my weaknesses, I get angry when I shouldn't.
I read through it and thought it went 50/50. I also did not deduce that he was chopped liver, but could have been more persuasive possibly. One thing I did not maybe understand...was there both an FHFA or DOJ lawyer and a treasury lawyer allowed to gang up on the plaintiff lawyer? The judges should allot both sides equal time opposed to splitting it three ways, that's just not fair arguing.
Thank you for that transcript ACE! Much appreciated
Your a heck of a fighter here! Patriot all the way. I have Portugal on my bucket list. I really want to go! Visit Fatima, see their country side along the ocean, beautiful! And the food! Brooge's friend he calls papi on here always spiked my curiosity about Portugal.
I know you're in Cali, my sister used to live in San Jose, so I've visited there and Napa quite a few times. I hope all you guys in Cali made it through that bad hurricane rain okay? You, navy, whoever else
Oooh my mistake! Thanks brooge. I thought Guido was Italian, his last name also. My bad. Apologies Guido
Grazie Mio Amico!
You get it! Welcome aboard.
Forest Gump Luck = SHORT.....I do believe. Their heads start popping up here with negative predictions whenever we rise.
We need to get a picture of that counter and send it all over Twitter X, government and news outlets saying: "how long does it take our government to do a job, 5,479 days and counting! UNBELIEVABLE! UNACCEPTABLE! UNCONSTITUTIONAL!"
He keeps claiming JPS will have to me made rich for recap purposes, that logic blew out the window with the stress tests. The reality is the GSE's are currently more than capitalized enough and ready to get out of government control, but then JPS always throw up the seniors and warrants. The truth is, and the business community knows, that government cuts their own throat and weakens the twins beyond any rescue if they try to finagle anymore stealing than what the original fraud has done already. Governments muddy paws in this prevents true growth, true investment because no one wants to be partners with them.
This whole 15 years has been seen by many in the business community and folks are watching to see if it plays out fairly. If the government decides to take as much as it can and run, no one will help or come to the aid of a GSE capitalization, investing or otherwise. Because they will know any private sector rescue can be usurped by government at any time and used for their "taxpayer" lip service baloney while they rob the places blind. They either make this right, or they make it worse. We will see.
Best of luck EVERYONE!
Why should the GSE's have to provide any fee for governments back stop? As anyone is aware, that's been here for awhile, the government created the GSE'S in the beginning to provide the 15 year, 20, year and 30 year mortgages that banks refused to finance/back stop. Once the government IPO'd Fannie, it was the governments responsibility to make sure that their guarantee was there to cover THEIR mandating how and what Fannie offered mortgage buying from the banks. That back stop has mostly only been needed to help out when the banks and mortgage lending places go rogue and screw up the system.
Now they try to turn the tables and use taxpayer muddy logic to explain to the population that taxpayers should not be on the hook for loses, yet government and their constant interference and protection of the big banksters is what drives those taxpayer losses. The government always wants their hands in the GSE cookie jar, so they should be paying the twins any fee, or shut the he'll up and provide the backing like they did for decades, before they made up this total farce of a conservatorship.
Best article in a while Navy, thanks!
That's perfectly ironic ha ha ha. The government dumb dumbs keep claiming they are protecting the taxpayer by taking all the GSE's earnings, yet don't give two shitz about protecting the same taxpayer by giving away unqualified mortgages! You can't make any of this garbage up that government has been trying to pull on the GSE's since Clinton.talk out one side of their mouth, then the other.
Super glue sticky!
So we can stop hearing anymore from the apples and oranges groupies on AIG.
Perfect response! Lol, lol lmao. This one time, at band camp. Best post of the day.
Trying very hard there to push the phony bankruptcy theory again, Eh? Yeah, right. Companies making billions upon billions are ready and ripe for bankruptcy....said no business person in their right mind EVER!
Anyone who did not release us is abused equally. Most are bashing all administrations equally, because they ALL had opportunities to release. Some had more time and opportunity than others though.
What happened to irrefutable contract claims?
Lol! Yes!
I get it....The JPS crowd are butt hurt because they want to keep challenging as to why government gets a dividend and they do not. The governments judges have basically cancelled any thought to their contract claim in which they proudly claimed they had priority in dividend payments until government took them away. Problem is, once the government switched to the NWS from a 10% dividend, there's an absolute variable that they find hard to swallow with that move , that is no chance to contest in courts that they're not getting a dividend! So what's left? Bankruptcy, that bird flew the coop almost a decade ago. Lol
This isn't Fox. Just facts from the government
https://budget.house.gov/press-release/fact-check-setting-the-record-straight-on-bidenomics
I give up on both of you! Please do not use NWS. Say dividend, or total dividend from now on.
Hard to rationalize with handles like donotunderstand and manwithnosense.
You know why JPS will not get a dividend? Or commons? Because the government gets the net worth of the companies, not all the dividends. Think logically, not like the government where they obfuscate and change meanings of words to convince lemmings who don't understand them.
Here's a poll:
Does NWS mean dividend?
Does dividend mean NWS?
Show me one company with a net worth sweep dividend! One. Anywhere.
This is what the news and internet reports on NWS:
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.