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For all that experience you would think that you would have the mindfulness to understand your positioning ahead of the equity restructuring—
But i will refer to brooge warrants cancelled to identify what you are number 1 at
Maybe you understand something about planes — but you know diddily about corporate finance or legal restructuring— which i would argue is similar in complexity
You gotta know what matters and you continue to prove you do not.
Go ahead and insult me now (insulting me personally is all you can do because you do not have any facts as friends)
Some people just like to watch the world burn… shrug. Lol
Yeah david h stevens is on on team recap and release now
Looks like someone knows how to inspect element and take a screenshot and you will happily repost their nonsense like it is a positive omen
Just trying to help save people who otherwise might cluelessly buy commons and not understand that what they are purchasing has no security. You might be one of the people i am trying to save from their own lack of understanding/competence.
While we are making stuff up what about your brain damages when warrants are exercised?
The damages model is a joke and it could be years away is the answer before it is final
Your only defense against your plan that has holes in it and lacks any support from any gse sec filings is ad hominum attacks and assuming that everyone who disagrees with you is a singular entity/person
Got it.
go ahead everyone and step right up and place your bets behind the emoji man who posts irrelevant links from 2016 in a world where no pending litigation seems to challenge the warrants as far as i can tell -- except maybe bryndon fisher's en banc attempt.
maximizing the common share price does not maximize the government's return.
not even according to the government's accounting of this.
https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2022/notes-to-the-financial-statements8.pdf
review the above sourced government document link to see how it values its equity stake --- as it contradicts navycmdr's blog post.
You should ask him about fnma commons and if they should expect to see a single penny from this. Maybe you will learn that they are not a party to this lawsuit and will get nothing.
You are thinking too hard. Keep it up
Tend to agree. David h stevens agrees too. Daniel just got promoted. Bernstein. Come o.
How about if they dont lock in their housing priorities, the next executive branch will reverse all their policies in favor of their own.
Flushing credibility dowm the toilet
i guess my view is with commons, what is left to give up?
lol i dont see them as having anything. the spspa liq pref is yuugeee.
i think the govt can't do much there unless there is a legal force to give away that money. so the jury verdict is interesting.
your opinion -- good luck with that
giving up the commons? no. they can keep their shares. we aren't giving up anything. given how the lawsuits have played out, i just don't know why the govt would give away its spspa money to common shareholders?
my view is that unless there is a legal reason for the government to compromise its equity interests i just don't see why it would.
common shareholders lack dilution protection and --- in my view have zero security -- and so people like you are playing dangerously and advocating for dangerous positioning.
my view is that --- good luck to commons, review tim howard's latest blog.. he advocates that the spspa should not get converted to common --- which gives them some value --- based on the recent jury verdict.
enron was fraud, lehman imploded.
fannie and freddie is just structured finance. it's a simple restructuring, tim howard outlines the two paths.
https://howardonmortgagefinance.com/
1. To get value out of its $120.8 billion of senior preferred stock in Fannie and $72.6 billion of senior preferred in Freddie, Treasury will have to convert them into each company’s common stock.
2. Here, Treasury would work with FHFA and the administration’s senior economic team to negotiate a recapitalization and release agreement that includes retroactive cancellation of the non-repayment provision of the senior preferred and a recasting of the companies’ remittances under the net worth sweep as repayments of the senior preferred stock (which would pay all of it off for both).
Recommend preferred shares instead
No security either
And with commons — but what if you are wrong about spspa conversion? —
Good luck. Not for me
Yes. I focus on security when the existing publicly traded securities do not participate in earnings as things are currently structured—good luck en banc.
We got a jury verdict. The relief you hope for just may be beyond reach. Which lawsuit do you think gets you there? Did you see bryndon fisher’s was dismissed? You seemed pleased about this. I would argue that was one of your last hopes. Shrug.
Yes. That is what drives the day to day emotional train that drives up stuff like amc and gme and crypto frauds. Long run intrinsic value and security matters. Best wishes
Good video from a guy who says the net worth sweep happened in 2010 and gets quite a few things wrong but that is okay. Thanks for sharing. Added my comment to the video. Like 4000 views. Seems to have clued in on the recent run up. Mostly hopium and a loose understanding of the mechanics but he does seem to at least agree with me regarding the admin reform thesis under biden still being alive. David h stevens seems to indicate as much.
Navy is a big whale in commons
Good luck my guy
There is no real intrinsic value
Lead the way then
We love to see common go up. A 1 month chart on common has been one strong surge and now they appear to be a resurgance. I see common going up as a positive omen for jps. Bodes well for them anyway. I dont mind if jps stay low and common boom though. Lower prices are better for buying.
Congrats bruv. Boom
yep, so far. there was really only one treasury step left and they have not taken it yet, but that does not mean they wont
fhfa is doing everything it can... but it needs either of the following two parties to help get the gses out of conservatorship:
1. treasury
2. congress
fhfa cannot do it alone, or mark calabria would have done it.
that is one way to look at it i guess, not sure.
but yes they are systemic.
that is one way to look at it i guess, not sure.
but yes they are systemic.
good luck
I agree with you in many ways but disagree with you in terms of the outcome here being recap and release and jps being the safest way to bet on this eventuality with right now a 15x return
This may be true but if you talk to mark calabria — there are capital restoration plans on the shelf at fhfa where if treasury restructures its equity position to allow fannie and freddie to access capital markets — fannie and freddie could have worked their way out of conservatorship under calabrias capital rule — and so far sandra thompson has only made adjustments to lower it