Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
Anybody got an idea of how long all this will take? It seems to be dragging out even though you all say that it is moving along fast. We get our money this year? Next year? Year after?
hard as I try, I can't figure out how much COMPOUNDED dividends (dividend + interest) they would owe us.
"? And no matter what happens the jr preferred get paid, and likely sometime this year,"
Would like to see getting paid this year, but don't see why it would happen. Also, since they don't have to pay us our back dividends, but may want to make repairs, they could also give us equal value in additional shares
I thought this up day was our usual beginning of the year teaser run-up.
". i have told lew to do this and this and that to fix it. "
A big THANK YOU!!!
Hey latecomer - I think you have your own agenda.
For one, hundreds of thousands of jobs will be lost.
They have just 14 business days to settle this fiscal cliff fiasco. If they don't fix it, count on the stock market collapsing. We don't even have money enough to put gasoline in our aircraft carriers. Just how vulnerable can the US be?
try Clearwater
I don't have private reply ability. If you can send me a private message with your email, I'll email you back. Would love to have your comments.
I like, I will pass upwards, but I'm a lowly schmuck so don't know how far I'll get
This is all good, but we need to pass the word around on what how us treasury can get money now to avoid fiscal cliff. How about:
Make a phone call on Friday, have Billions on Monday
Call Edward DeMarco, the Acting Director at Federal Housing Finance Agency and the conservator of Fannie Mae and Freddie Mac, and tell him to do these things:
• Reverse cash reserves
o Cash reserves were necessary as real estate prices reduced, but now real estate prices are increasing, so in effect, Fannie Mae and Freddie Mac are over-reserved
• Recognize the Deferred Tax Assets
o Deferred tax assets were recorded on Fannie Mae’s and Freddie Mac’s balance sheets due to net loss carryovers, but can be used now to reduce this period’s income tax expense because they are reporting income, not losses
• Convert Senior Preferred stock shares (the federal government purchased these shares as a form of “loan” to Fannie Mae and Freddie Mac) to common stock and sell them to the public
o It would be necessary to re-list the common shares
o It would be necessary to also convert Junior Preferred stock shares as they are ahead of common shares in priority
I had to come home to get this request for comments out to this board. Going back to work. I have a chance to get an informal communication up to very high levels about this budget stuff. They are looking for ways to raise money, cut money, or whatever. I saw messages a few days back about how F&F can come up with what $ I can 100B. Please someone put comments in english with dollar amounts on it so I can forward it up the chain. You know if I try to do it it will come out goofy and no one will pay me any attention. thx
who are you guys talking about?
I would say 25s get 1 common share in newco and 50s get 2 shares in newco. could be cool depending on the price it goes to
lD - THX your kewl. payouts in fall. see what comes.
LD - when do you think leh will exit bk? I was hoping summer 2013
Love camaros. I had a 68, british racing green, racing stripe, 4 on the floor, 350, 8 cylinder. Cool.
just now removed a trojan from my computer. no accounts were open or anything
btw, make sure passwords aren't names or any word found in a dictionary. try making a sentence such as "this stock really sucks" and make your password tsrs, only make it larger and put a number in there. makes hacking harder
Sure is taking a long time for the up-tick to kick in.
Ace - yes indeedy
SKI - so true
In other words, the fix is in. What's the hold up?
SA - Far out.
Thanks, but it would be like me to miss out on this because I over looked filling out a special form.
In my etrade account, I never was asked to fill out a form. I would think that if i needed to fill out a form, etrade would send it to me, i shouldn't have to go looking for it.
Mine are in etrade, so thank you.
Let me make sure I understand this right, will someone please tell me if I need to fill out a form? I own CTs.
SA - I couldn't read this, but I hope you're right.
I really thought for Freddie it could happen in 2014. They don't need to be done at the same time.
3-5 years? I would hope they could come up with something before then.
LD thx for the research on United Western Bancorp. Could still spend some time, not money, watching to see how the lawsuit goes that the seizure was not legal.
Let's face it, this is their last chance to throw out F&F. Expect some nasty gossip. F&F are here to stay, you ask me.
never mind
Sounds like our government got completely out of control.
What's the whole symbol? When I enter this in, I get nothing.
No news will come out this weekend. Relax and enjoy. We have a ways to go yet.
There it goes again
http://finance.yahoo.com/q?s=FNMFO
I just hope that's not what we're doing.