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"Up to this moment, we've all been too stupid to listen to those words. Why are you listening now?"
Well now, hold on. Just because they SAY they don't want to pay us our due, that does not mean that they can get away with it.
Ski, there you have it. They have defined for us the reasons they would put F&F into receivership. We meet none of those conditions.
"Not sure what that March $5Billion in div payments base on some value was all about????????"
Yes, weird. They could pay back more, but are holding off? What's that about?
The sequester has been happening all week my friend. Given economies of scale, can't lay off 800k people in last hour today.
Ski, I agree with those odds.
So what if the warrants continue to exist? We never thought that they would go away, but actually thought that they would be exercised to give the government a sizeable profit.
The situation is the same, just better. As time goes by and freddie repays the gov, they cannot transfer our assets to another company without paying us first.
Worst case scenario for Freddie to repay gov is 2.5 years. Will probably be faster than that.
Leveling out until there is more news is okay. Drifting downward - not okay.
Nice reminder.
That's an interesting heritage there Taint. You've done well for yourself. I can't complain, my grandfather made it through 3rd grade and my grandmother went to 8th grade. Back then, it was considered more important to bring in the harvest than to waste time in school. Times sure change.
Can you give the assets I own away without paying me for them? I don't think so. They amount they owe the jr preferreds is piddly and easy just to redeem our shares.
I think freddie is doing okay. I'm always overly optimistic, but I see Freddie winning the lawsuits thereby breaking even early 2014. I'm not selling. Hope to get money by year end from lehnq to buy more freddie.
etrade is not showing it for lehnq - what is it please?
fmcco is at 4.42
Yes, and it seems the 50s are getting closer to evening up their value compared to the 25s
You ask me, Millstein / DeMarco has already restructured F&F. They'll just announce something fancy when the time comes. Given G-fees and lawsuits, Freddie in 2 years, fannie in 3 years.
I don't see why Freddie needs to wait on Fannie
The lawsuits against the banks are not figured in either.
One possibility is that we get paid the dividends, but not on time. Since they are cumulative that makes sense. Since we are already in default, there's no concern of paying dividends on the 20th quarter or else go in default.
This report is from November 2012
That bill never went anywhere
aig commoners went through a 1 for 20 split. don't know about preferreds. how can they put f&f into receivership without first redeeming the preferreds?
I expect the big bang to happen after the banks settle up
Too bad I don't have any money
With the possibility of a reverse split, I would not be buying commons aboe $1. The reverse split for aig was 1 for 20.
To get commons over $1 they will have to be re-listed. DeMarco unlisted them, even Freddie who was trading at $1.23.
This is a reverse split of 1 for 5. That doesn't sound close. I thought at least 1 for 20.
"The 10q for Freddie shows 3.2 billion shares outstanding. There were only 650 million shares before conservatorship, so the dilution has already happened"
I'd like to know how that happened without any of us noticing.
Hopefully freaking less than 4 more years!!!!
"“elevate housing to the top of the national policy agenda and provide a foundation for action in 2013,” "
So this is why the buy-in.
If congressmen think the thing to do is to buy jr preferreds, then this is a good omen for us. At long last, they get it.
this doesn't smell like the usual earnings runup.
blew past those numbers fast, high volume too. any ideas what is going on?
freddie 50s are in the 3.50 range now
there goes the volume today
They could sure use the money to avoid the fiscal cliff.
"distributions will be paid to holders of record of the preferred securities as they appear on the securities register of the trust "
This is troubling. I bought CTs with my etrade account. Received no request to register them any special way. Hope I get my distribution.
I'd like to hear. You have my email.
Because the 19th or 20th quarter for non-payment of dividend is coming up. Can only go so many quarters without paying dividends before you're in default.