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Agreed it should be $200 /sh and higher.
This guy knows. Watch his testimony.
https://www.kapwing.com/videos/6260d84a155d6f00fbeb8ec5
*Disclaimer
JMO
Does this count as FnF media exposure if enough people see it?
Yes. Somewhat serious question.
https://www.kapwing.com/videos/6260d84a155d6f00fbeb8ec5
Still holding.
You're welcome. FnF bedtime story for the kids and grandkids.
I thought you'd like it.
I haven't laughed that much in awhile.
Thanks to the creator of the video.
Great link describing FnF
Saw this on twitter.LAUGH AT YOURSELF (it helps)
It's good for you
https://www.kapwing.com/videos/6260d84a155d6f00fbeb8ec5
Total agreement on that.
I wad more referring to the idea that only some sessions are behind closex doors.
They talked and talk about FnF behind the scenes amongst a few of the big players in DC. Everything is scripted and then strategically released info to the public. It doesn't get any attention then placed on a back burner. The media or DC wont address the situation. No action. Even by courts.
10 years? 14 years?
Take your time DC.
We know how hard you work.
Pretty much EVERY session is closed door.
FnF + HERA, all of it.
They rehearse what show they are going to put on for the audience and we only see or hear what they want.
Maybe if it's boring enough they'll improv for us.
*Disclaimer
JMO
but probably fact
Good evidence in Dr.'s report
Thread/link below
$FNMA $FMCC
— Jarndyce Jarndyce (@JarndyceJ) April 21, 2022
EXPERT REPORT OF ANJAN V. THAKOR, Ph.D. pic.twitter.com/SBNeVV1Qdh
yes they do, court rulings have had consequences.. attorneys represent bad actors half the time... court losses have predictably led to lower prices for the shareholders who lost their cases so far; down but not out --- although commons lost collins and are going dilution station
— Fanniegate Hero (@DoNotLose) April 21, 2022
I'll check thanks. Maybe the notice may have for the account I closed.
No need. I choose to not opt out.
So I'm good on it.
Thanks for responding. If I didn't receive something like I did this morning I was going to call.
I had shares of FMCC from that account at least a month prior to december and sold when I closed out that account. I sold mid march '22.
I was just wondering will they be sending a notice because they operate so slowly they don't know I sold. Just so I know to look out for it. Will not change anything for me. I was just curious.
The notice I just received is regarding my TD account holding FMCC. I bought those a while ago. At least I think the notice was for that acct.
Thanks
Update: This morning received FnF class action notice.
From TD AMER.
I did have a 2nd account that held some FMCC but closed account and when I moved funds to an existing account added to my holding of FNMA. Not for strategy purposes.
I was wondering since I currently hold only one broker acct. with FMCC commons (TD) and I got the notice this morning, will I be sent a letter because of the second acct. I closed even though I sold FMCC and switched to FNMA when I did?
I switched maybe 3-4weeks ago.
One notice per account type thing?
Thanks for responses.
I didn't read the citi offer. SoI'm not familiar.
But your thought is similar if not the same thought I had of the gov not touching jp or anything until all issues are settled in a particular order. Unless I'm mistaken in what you meant.
You, I, and others very likely disagree on how we see this ending, but we all share, I assume anyway, the idea that each issue will take more time and handled in a specific order.
Thanks for your reply
*Disclaimer
JMO
I understand what you are saying.
I know what "cap stack" is, gb wont let anyone forget it.
My post referred to the endless positive outcomes for jp that are entertained such as the one I was referring to in my original post.
I did not question jp contracts.
Or that par isn't in order for them.
But, gov has no reason to call certain prefs in right now.
Especially at this stage while prices are depressed for other jp classes and commons.
That's why I put a disclaimer.
*Disclaimer
JMO
Do you like asking rhetorical questions?
What does that have to do with what I said?
I wasn't talking of jp contractual issues.
Spreading truth might get you blocked Guido.
You must be careful.
Thought you would be interested in that thread.
Funny how it seems so many positive outcomes await jp holders, but no positive outcomes await commons. Not even simple justice. Jp and common should and will both prevail. Not one at the expense of another. Let's leave corruption to the gov not FnF holders.
THANKS 4 RESPONDING
*Disclaimer
JMO
Latest
Garbage talk being floated:
Calling in some jp at par with payout
Or
Converting to common while printing .80/ s
BullS**t
Thinking gov will call some jp at par while other jp are down or commons are down is a joke.
If you call some jp and pay par or near it , it then gives the ability for the jp owners who were bought out to either buy back in other jp or commons at cheap levels and reap more profits before those move.
If converted at or near par those jp to common at low prices, produces similar outcome while also diluting commons extremely before movement in price.
So gov already thinks shareholders are greedy and they are going to help those jp owners make twice. Doesn't sound right.
Again let's (gov) just push price of common to 5 cents and convert at par/near par some jp or cash them out And let those jp holders, with new found cash, buy jp that is still printing 10% par. Make on those as well? Or convert jp into millions or billions of common. Dump those and buy cheap jp. And/or leave in commons?
What makes sense?
Here is whole thread:
Is today the day that $FNMAS and $FNMAT reach parity?
— Jarndyce Jarndyce (@JarndyceJ) April 19, 2022
Either way I've had these shares for awhile, so I'm good on it.
But, thanks for your response. I've heard conflicting opinions.
I believe it's regarding Lamberth.
I am unsure of the timeline.
I am awaiting the notice and will call in to make sure I'm listed.
Someone else here will be of more assistance. They have better knowledge of this situation regarding notice and opting out if you choose. I don't remember the deadline.
Sorry I can't help more.
They would love to. I imagine.
Here's a link to cheer you up.
"coming soon" for last decade?
— Freddie bagholder (@Release_Fannie) April 18, 2022
I don't think plaintiffs, those involved, owned fannie commons.
That's why not represented.
Just a thought,
But.....
25% isn't even the glass half full and it comes from "somebody" who has an opinion just like many others.
I'm all about good news, but "some person" saying thoughts about release being 25% and most likely a utility model?
Not all that good. Though the attention is good. Talk is cheap.
Most complicated path is for admin to steal more through tons of dilution and legal cases being fought with so many problems the admin currently faces.
Simplest and easiest, just happens to be the fairest and most just, but since gov is c o r r u p t, they don't like that option.
So...... Here we are treading water and waiting for real action.
Most beneficial to gov (theft/money/power)
= Very Complicated to just make happen
Most beneficial to shareholders (release/full value/divs)
= Very Simple to make happen
Pretty obvious why can gets kicked.
New bodies in office should help. We'll see.
But 25% talk or treasury 4 yr plan or fhfa 4 yr plan?
Unlikely.
I'm here to the end to see this through no matter the outcome.
No regrets on investing. 100% common.
Bring on the criticism. I know. I know. Very foolish.
*Disclaimer
JMO
I will stay in and not opt out. I was and will still be looking out for the notice in the mail. I guess I was wondering if someone didn't get a notice, but clearly owned shares prior to any deadline, would they be forgotten. Or maybe not forgotten, but just didn't get the paper notice.
I'll probably give it a couple days before contact to make sure I am listed.
Thanks
Thnx all 4 replies regarding class action
I don't plan on opting out. I would prefer to know I received it and no one sees my information. But what can I do? It would be nice to be electronic correspondence through my broker, but I don't know.
I wonder how much time I give it before I call in to check on my status.
Thank you for your reply
I've owned Freddie commons way before that Dec 7 (I believe) deadline. Td ameritrade account.
Question:
I didn't receive class action notice yet.
Will it arrive in a plain envelope?
Or like a postcard, where the mailman can read my business?
Or maybe it's different for everybody.
Thanks
When,if ever, do we see full report?
After decision?
Referring to unsealed plaintiffs submission.
Half of Dr.'s report was missing.
I thought the half they left in was bad. If the other half is blocked. Then I'm very curious as to what that could say.
It was funnier if it was meant to be spelled the way it was.
Read in the unsealed report, the part we were allowed to read, was how much better of a deal banks got for gov funding. And even AIG.
Banks had 5% for first five years then 9% after.
Institutions were allowed to buy back warrants.
AIG had their interest cut from 10 to 5% to help them.
Swapped cumulative prefs. to non-cumulative.
All to help these institutions pay back the money. And the gov exited the picture.
Nothing like FnF. Not even close.
I'm pretty sure on those details, but feel free to correct a mistake if I read the report wrong.
Thanks.
Happy Easter to you as well. And to others as well.
Or Passover to anyone who celebrates.
You're welcome.
Just in case you missed this one from earlier.
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
— Elon Musk (@elonmusk) April 14, 2022
The liability they would thereby assume would be titanic in scale.
Here you go.
Thread.
The math isn't important.
So, the Moelis plan doesn't actually suggest a conversion of the SPS to commons, you just thought it should? Your math (and not speculation) on this topic would be more helpful. And not just to me, but many others.
— Bryndon Fisher (@bryndonfisher) April 15, 2022
Sounds familar. If only someone listened.
Read Elon's comment. Or don't.
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
— Elon Musk (@elonmusk) April 14, 2022
The liability they would thereby assume would be titanic in scale.
That is a lie. It's not a fact.
It is your opinion that it could/ will happen. That's all.
Stating a sp conversion as if it is fact is misleading people and makes you a liar.
I understand things can happen.
I also understand it doesn't mean they will happen.
Pay attention to the difference.
Or not at your own peril.
I didn't say the plan was a lock.
I didn't say it was the best plan on earth.
I didn't guarantee it was going to happen.
You read what I did say.
It still stands. I believe the companies to be worth more than he stated.
Remain calm. I wont forget you and gb warning of massive dilution. I promise. I'm assuming full risk of my decision. I'll be fine. Thanks for the concern.
*Disclaimer
JMO
Ignore what?
I understand all and made my decision.
So did you. Good for you.
Bryndon was being generous.
Fannie Mae and Freddie Mac are way more than $175/sh.
Worth much more and should be priced much higher, but I suspect he was throwing some crumbs to treasury.
Various ways of seeing true value realized. Without total dilution like some hope for but pretend it's for your benefit.
Saying the advice is to help you while also calling you dumb.
Not the best financial advisor.
I'm not advising anything, just shedding light on truth of the situation. At times also adding my opinion.
Disclaimer
*JMO
For such a positive and beneficial post of how the situation could be solved, it sure brought quick negativity front and center.
Why feel threatened with such optimism?
If you think it's unlikely fine. We know the doom and gloom narrative. 100% dilution. Heard it. Loud and clear. But it's as if people are mad about it.
It's as if "someone" is bitter and jealous about it.
What if it happens? Oh the horror!
Gov doesn't have to willingly do anything.
They don't want to give jp par, do they?
But, in your belief they will have to. Whether they like it or not.
Well same thing. It can definitely happen. It's not over yet.
Here we go again. He's calling every holder or future holder dumb. Only his words matter or and of course his "sources".
Something positive. Followed quickly by overly negative comments. Never missing a beat.
Realistic yes. Very.
Gov doesn't have to like it or voluntarily do anything for it to happen. They will need "convincing" to do the right thing. They'll just do it to save face.
$360B+ companies.
The time will come sooner or later.
I don't know when. Something positive being said is quickly met with negativity. As usual.
Never let any of this be forgotten.
*Disclaimer
JMO
No sp conversion to common.
LP will be zeroed out.
Warrants go unused.
"Massively compensated like a PAYDAY LENDER"
Just don't know when. Gov loves the power more than the money. IF it looks like the gov settles or acts it will only be because behind the scenes they realized it's over. So to save any face they have left, they will put on a show of willingness to release. Just like the show to pass HERA, sell new JPS to unsuspecting investors, and putting FnF into c-ship. A show.
They'll spin any story. And they have.
Any opposing viewpoint or OPINION out there is welcome. But still just like mine, an opinion and nothing more.
Only when every single thing is settled. Everything.
Only then will we know what is.
I'm not afraid of being wrong. Are you? (non specific)
*Disclaimer
JMO