It is not that I am better than anyone else, we all have our problems in various dimensions and our weaknesses that make us who we are — it is just that this is my process of thinking and learning, to share my current world view and see if anyone understands things better and if so to adopt their perspective and to encourage others who have not figured it out to look at things from another perspective. I realize that people have a vested interest in not being wrong and that it is hard for people to change their mind. I know because I am stubborn too.

You are focusing on the wrong things. You should focus on the underlying security of the shares— i obviously believe that jps are valuable with such confidence that i have been willing to go above and beyond to get them. You could say i have more conviction in my trade than you do in yours because you do not think it is worth borrowing to buy shares of common

no --- i just check in from time to time. regardless of the price action, but sorry.. hopefully your 500k shares you added are still looking good. not sure where you got in, but this post verdict soaring has mostly reversed. i am optimstic.. overall.. but i dont own commons like you

almost top ticked it with this post.

i would say you don't know what you own, that's your problem.

happy monday.. looks like the commons have lost most of their post verdict gains.

wow what a roller coaster of emotions. up to .7 and down to .55 all in the same day. lots of volume on that drop. wild

We did win.

Yep good summary. Not sure what those lawyers did though. But they sure stood up and took credit for it. Shrug. I thought it was mostly cooper and kirk

Sandra Thompson has worked towards preparing Fannie and Freddie for life after conservatorship.

Jared Bernstein has written and talked about private capital taking the first loss position and ending the conservatorships via recap and release.

A jury just gave a verdict saying FHFA lost and FHFA/Treasury breached the contracts.

I still am hopeful. The Biden admin can lock in its administrative priorities:
https://seekingalpha.com/article/4629381-dc-jury-decides-gse-shareholder-contracts-breached

If there is money in locking in the priorities (I am not saying there is), the new budget starts in October.

your shares lack security in a spspa conversion restructuring, which will be what happens absent a legal ruling that would be unprecedented in causing a spspa putback/writedown.

jps, however, would get made whole in every outcome

that's the differrence.

yes i've been wrong about time so far, but i am not wrong about jps being made better off.. that i am certain of eventually. roi from here is solid

Figured i'd update your notes:

Tell me sweet little lies

If you want to play fast and loose feel free. That said, any intellectually honest observer would see that the APA claims should have resulted as an injunction reversing the nws in 2014 and 2019, but the court system has successfully misinterpreted the law and gotten away with it.

Further, the takings claims that were determined at the cofc were wrongly reversed at the cofc appeals court and the supreme court left them as is, wrongly.

And then you have the accounting fraud claims which were lost but were valid.

And then you have the lawsuits to inspect the books and records which were lost but valid.

And now you have breach of contract claims which the judge fucked up their damages models, basically fucking up the whole trial, but we still won, but pennies on the dollar. These damages models will get appealed or political forces will move to settle and move on.

In light of this wake of injustice at the hands of the white house and us treasury and complicit fhfa as well as a court system that then subsequently justifies these illegal actions stamping them as legal or light wrist slaps, are you sure that i am an unscrupulous pessimist?

Maybe so, but I think after 9 years of reading every legal filing, every legal ruling and the applicable law — and watching everything just get fucked — I think that my perspective is conservative. I think it is unreasonable to expect an invalidating or a writedown of the spspa liq pref — unless there is now some legal reason for doing that that shows up.

Good luck with the cofc Bryndon Fisher claims. I like them. I have been wrong about all the legal stuff so far — but that it because I expected the law to be followed and I was wrong about that. Good luck.

The supreme court made hera a political appointee so when the president changes, the new president will fire sandra thompson and replace her. That is why calabria got fired the day the scotus collins v yellen came out.

You dont seem to have a very thought out perspective

You and wiseman misread this, thinking that the law applies when no court is enforcing the concept of equity dividends being illegal when the companies are undercapitalized in conservatorship

This whole conservatorship has been a breach of law and trust and fraud pulled over the courts and public and shareholders. I do not think any legal action has challenged the cash dividend payments to the spspa 2008-2019.

Good luck with your subsequently broken analysis

You know, i respect that argument for most long term appreciation situations that do not involve an equity restructuring. Cheers to you— i anticipate a learning experience

If that is how you want to interpret my expectation on what i consider an eventuality, feel free.

Yeah, i am still forecasting as restructuring. It has not happened yet, when it does you will know.

Hopefully you were able to lighten up at higher prices and… i guess buy more now that they are back down. Yolo

Now you see it. Now you dont. Hopefully for you there are more days like thursday and less days like today moving forward. Jps underperformed common this week I think.

Are you going to post today’s performance? Do you think this goes back down below 50 cents or over $1 next? Were you able to sell some higher and buy some back lower?

Sorry about today. But you could have sold half close yesterday and bought jps

70 cents is still a lot higher than they were a week ago.

will be interesting to see what happens across the next week or two as far as pricing goes

hopefully you were able to capture some of this volatility, dumping higher, buying back lower, who knows.. am curious to see how the commons trade in the coming days and weeks.. the last two days were rather green

So far so good.

As the gambler says you gotta know when to hold em, know when to fold em.

Your timing for piling into the commons again was pretty solid

Hopefully you end up doing well. Cheers.

Nothing new here. Still think commons lack security and jps are money good long run

Impressive. You started an avalanche.

congrats on your recent 2 day rally.

Difficult for me to sleep well parking money in assets without security

Good luck

Wish these people the best

Congratulations

congrats to you today

Something happening in court house after 4pm

I am not a plaintiff, but the jps shares are represented in this trial as class plaintiffs. So if you own jps this is actuallu relevant to what you own as you have claims on the potential winnings.

Unlike your fnma commons which are not party and fmcc commons with their 10 cent damages

Fnma commons are NOT a party to this trial

I am Glen.

Unless you own common shares and the spspa converts to common as part of that.

I dont think it takes a world class lawyer to prove ed demarco is lying and a scumbag — but if anyone can do it — hamish can

The problem is not in talent — the talent is that the world is so stupid that we seem predisposed to believing that government officials that are actively harming us are just protecting us. Stockholm syndrome jury.

He is lying. He lied last trial. He is lying even more now. He is a liar.

The original sin of these lawsuits was filing originally in DC first. The worst city to fight the government in. Good for legal bills though.

Dude is a hero. Someone who actually tried to do something to fix this

Well— based on Lamberths in court comments on friday, it seems to have worked on him

Also based on his prior rulings and interpretations and thoughts and general court charade—

My faith in the legal system is in tatters

Updated pic.twitter.com/F0A1AbUZKe

— Fanniegate Hero (@DoNotLose) August 6, 2023

If you think Lamberth’s comments Ftiday were insane, just look at what he said during the first trial pic.twitter.com/ZsaoosDRNl

— Fanniegate Hero (@DoNotLose) August 6, 2023