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Who cares, all the shorts that will cover when good news comes will run this up higher than we can imagine.
Do you have a link to a CNN stream? I don't have cable.
Also, only Watt is needed to end conservatorship?
So Mnuchin/Trump could end NWS, and then tell Watt to end conservatorship?
NWS influenced by Treasury
To what extent? Treasury can just end it? Can they pay out a settlement?
In that case can't Trump/Mnuchin "admit guilt". I mean if they get the documents and see there was fraud and want to release it anyway, they could give the plaintiffs what they want. I mean defendants can always settle right?
I was under the impression Trump could call for a settlement. Who is the defendant then?
Can Trump or Mnuchin remove NWS without congress? And can they also settle court cases without congress and pay back all that was taken past the initial repayment?
He said he will do it "reasonably fast" plus, the release of FnF is pretty much what he is most qualified to do over other potential Treasury picks. What he did with IndyMac is pretty much the highlight on his resume, and is what he has over other potential picks. I really think Trump picked him because of this. You also have his whole cabinet supporting the release of FnF.
And we don't need to wait for official release, only for a plan. Once that's released, that's enough to send this up.
Commons will have much more volume and potential for huge short squeeze.
pattern of scrupulous investors, individual or institutional, is not to make large and erratic price fluctuations upon entry and exit.
If you look on the 1 minute chart toward the end of the day, this is pretty much what happened. Saw huge volume plays on almost zero price change
Hi Obit, thanks a lot for the insight. What do you think about the high volume blips we've seen throughout the day? We've seen 700k orders happen in a minute and several other 100k+ orders happen on almost zero price spread. This is really suspicious to me, and I'm wondering if it could be a big player exiting their position.
Thanks.
What he said was fine, it's just people are idiots and aren't educated. He even said before he was 100% against GSEs, in that same hearing an hour or two earlier. FFS, it was an obvious clarification of his words. He's trying to get confirmed. One other thing about his wording was that he wasn't 100% going to work with congress either.
They would rather Trump free FnF then risk their lives taking a billion dollar entity away from big guys.
Ya looks like a sell, why didn't price drop though? Seems really fishy either way, someone is ducking taxes. Anyway we can see who?
See you when this hits 75
Hope government doesn't pull this line in court, could be the end for us. How do you rebuke it?
Why risk having the defendant kill you if they're going to pretty much cooperate in a month?
Probably don't want to risk their lives lol
Not a sure bet, but for a worthless stock to hold solid at ~$4 tells you a lot about where its going. It's a much riskier short than it is a long is all I can say. And in 6 months it will be a captain obvious scenario.
Looking back we'll say Trump is surrounding himself with pro FnF people, Mnuchin literally said he will release them, Mulvaney passed a bill trying to release it. Carl Icahn who bought a few million shares at $3.03 is his special economic advisor. Trump is also pro-privatization as a concept and potentially has a stake indirectly though Paulson funds.
From the court side of things the government is losing and documents they were hiding were just asked to be released.
Sure, things could potentially go wrong, but it's more likely they'll go right at this point. Even though this stock has no value at the moment you can still trade it like one that does. Every entry you make on any other stock is based on a % chance of success, just as this is. And here it is clear that it has a high chance of success.
Why is the FNMAG preferred trading for almost $13 when the FNMAT and FNMAS are <$8 when they have higher dividend rates?
This was from way before, no new information.
Sorry, so if it's likely they will make a new offering, doesn't that make investments into the current commons and preferreds worthless? Would their value tank? And why would they have to wipe them as a result?
What did he say?
So in short, liquidating commons would make them insolvent?
Thanks, but how does liquidation of commons make the GSEs cease to function?
Makes sense but why would they have to wipe commons to do this? Commons are still equities. Wiping them means you are robbing the owners of their share of the company.
But there is no benefit to the reverse split, it just increases selling pressure and along with the IPOs it would further drive price down.
Would this make the government more money than just selling their shares as is? A reverse split and IPO would drive the price down.
So what scenario is there where they would not do this? What's preventing them from doing this?
Why would they do that? Offering IPOs could make them money but nowhere near what selling their entitled 79 percent would it? Plus IPOs would go to the FHFA right? Not Congress. So why on earth would the administration favor splits and IPOs if it devalues their 79 percent stake and/or just gives all the profits to the FHFA?
Can we settle talk of "wiping commons"?
I keep seeing this come up, I think it would be great if we could end this discussion once and for all by writing the pros and cons for both arguments and putting a sticky. To me it seems ridiculous to suggest that they might do this since the government can potentially sell almost 80% of them. If conservatorship and price jumps to a conservative $30, they gain hundreds of billions of dollars. Why would they just throw all this potential money in the trash? Why would congress choose not to elect to this?
In one year this is going to be the most obvious investment. Doubters are going to be kicking themselves.
Whatever your reason. The collapse of the 30-year mortgage would make house prices tank. Every home owner in the US is therefore against the removal of 30-year mortgages.
Flippers are the reason we didn't break $5. After $5 institutions would have jumped on board and price would rocket up at least another dollar or two. But no, I'm a pro-trader and $5 is just such a nice round number, I have to pull profits here.
Where can I watch CNBC live?
Can you explain this concept further? How do you value a business using linear algebra? Is there something I can read into more?
New gap from 3.63 - 3.64. Technicals looking solid am I right?
For me the fact that the government owns 79% of commons is reason enough to believe that they will hold onto them and sell them when they are worth much more. Its a free quarter trillion for them.
If they were buying, if whales were buying, it would be going up, not down. Where did you hear that Mnuchin and his buds were buying?