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

https://5thcircuit.streamguys1.com/east

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

I respectfully disagree. 2008 was a solvency issue not a liquidity issue and so fhfa and treasury resolved that by crushing shareholders by threatening the BODs to acquiesce to conservatorship and — 2012 they did more fraud to steal money but in 2019 they started charting another path and have made lots of progress on the new path.

Just because your stock does not go up does not mean they have not accomplished good work

Fhfa has worked hard to set up rules and regulations that will oversee gses in post conservatorship world. Your complaint is with treasury not fhfa who has so far refused to reliquish control of the companies but has given them a growing leash of retaining earnings which the gses are meant to eventually break and go recap and release

Your analysis is narrowminded

Yep should be interesting

Losing almost everything is different from losing everything. I predict they do not lose everything. That is all

Disappointing indeed. The judges in my view just will bend backwards to favor the government as defendant. So here we are. It is kind of amazing to me anyway that it has gone so sideways but it makes sense in the context of filing the original lawsuit in DC. It should not have been filed in dc but in Houston originally or anywhere but dc. Dc court history is know for favoring the govt. so why would we file the original lawsuit to fight the government in the court that is most favorable to the government? This is real oversight in my opinion

Imagine if the first judge to get this was a judge willet or brown type in houston

Commons can only lose everything if they go through receivership — which i dont think is a realistic path forward since the companies are retaining earnings.

The breach of contract claims were remanded back to him because he inaccurately dismissed them and then he dismissed all the paths for restoring the party to the breached contract to where they should be when a contract was breached — and then in two trials made rude comments and gaslighted plaintiffs case and the government lost and the verdict was that the contracts were breached.

You are free to ignore the progress fhfa has made if you want to. Cheers

Yes it is. And they have. The prevailing law is recap and release to end the conservatorship. Congress can change that if they want.

No one has been making a killing so far except the government lawyers and the government who stole all the money. The plaintiff lawyers were doing pretty well for a while but this class action with the toothless damages model — i am not sure how the lawyers on the plaintiffs side are doing or if they are making a killing here. I assume they are doing alright.

But the price of all the securities has been mostly bouncing off 10 year lows lately. Not really making a killing.

And he set them on the path to become reprivatized again by enabling them to retain earnings. You seem to overlook what he did do because he did not make you rich. In my view he solved the problem by setting them on the right track. You just dont see it and frankly it is obvious you don’t understand it


And he set them on the path to become reprivatized again by enabling them to retain earnings. You seem to overlook what he did do because he did not make you rich. In my view he solved the problem by setting them on the right track. You just dont see it and frankly it is obvious you don’t understand it — or value it. And why should you? The way he did it kept the nws which continues to increase spspa liq pref.

Sept 2019 when it started.

not according to the recent article:

"David Kamin, a former NEC deputy director, said he had worked closely with Hornung during his time in the White House. Kamin also highlighted Hornung’s role on housing, in particular affordability, which he called a continued priority for the administration."

https://news.yahoo.com/brainard-deputy-portfolio-housing-markets-212718138.html

now Daniel is in play --- and he is familiar with the situation... it doesn't take much to get this show on the road, really just a phone call or an email. fhfa has been working hard for years on preparing the gses for life after conservatorship

no clue what bernie stands for --- but fannie i think would be hitting net worth limits that would force recap and release around 2025 and freddie by 2027 by retained earnings alone

There is no housing crisis to take action on? Interesting perspective there. Have you looked at rent vs buying right now? Buying has become significantly more expensive with rates having gone up as much as they have. Cheers

The gary hindes top wh official note was 12-18 months from april 2022. Puts action by november. The recent promotion and other things happening behind the scenes seems to support that timeline still.

I am hanging out in a park under what i think is a banyon tree. Enjoy the labor day weekend sir.

Do we both agree that republicans as a party seem to largely support ending the conservatorship or would you disagree there?

Ps. I believe daniel is familiar with the gse situation.

Im optimistic.

Can kind of go off the en banc opinion and how the judges individually were part of the majority and dissents and assume that there may be some impact from the lamberth verdict but idk. A jury ruled our contracts were breached

For common shareholders i tend to agree with you here. Yessir! You are getting it.

Yes, so you have seen the latest with Daniel being promoted in the NEC. WH housing leadership — now as david stevens says — this lamberth ruling opens the door for them to take a closer look.

Good luck to you and your shares that lack dilution protection. But i think you are a fool for boasting about the bryndon fisher lawsuit being dismissed. The phrase “forgive him father for he know not what he hath done” comes to mind