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.
I like that.
We gonna SUPER NOVA - dollars increase not pennies.
Absolutely. Marked my calendar.
Anyone noticing the convergence on January 10th 2020. Both Collins and Fairholme... in Fairholme Sweeny says (last paragraph of the decision.) Wonder if this is a settlement date. It certainly does direct the parties to start talking to each other....
"By no later than Friday, January 10, 2020, the parties shall file a joint status
report proposing further proceedings and, if appropriate, a schedule for such proceedings."
In Collins up for certiorari consideration.
DISTRIBUTED for Conference of 1/10/2020.
"Issues: (1) Whether the Federal Housing Finance Agency’s structure violates the separation of powers; and (2) whether the courts must set aside a final agency action that FHFA took when it was unconstitutionally structured and strike down the statutory provisions that make FHFA independent."
I will have a hard time sleeping through January 10, 2020
Anyone else having some difficulty sleeping this evening?
Public offering won't be needed.
Seniors cancelled next, than recap with the overpaid amount and release, uplist, than a Public Offering if needed to meet the new cap amount that will soon be announced. Go fnf!
January 10, 2020
Fairholme/Treasury give status report to Judge Sweeney
Collins/Enbanc/Judge Atlas SCOTUS
Looks like the next date of interest is.... Friday, January 10, 2020.
I THINK prior dividends were $1.40. I would be happy just to have dividends restarted.
Money flow back to Fannie and Freddie needed.
We need the money flow back to Fannie and Freddie. These four events are significant.
1) End NWS
2) Declare SPSA either paid in full or nullify as illegal
2) Overpayment refund on (illegal) loans
3) Cancel (illegal) Warrants
I am sure long time holders would also like Dividends restored with back dividends and interest, but the three items above are the most significant for most Common Shareholders. They would drive the stock back up hopefully to 2007 highs of around $60.
If the dividends were to restart, then I would just hold my stock and live off the dividends. This is assuming we would get back to $1/share dividends.
Looks like FnF will get damages and interest on $124B.
Some of that $$$ will flow to us one way or another.
Wonder if we are going to get DAMAGES and INTEREST with that $124B. Even if it all goes to F&F we should still get a nice one time check from F&F for OUR time and money.
What is the status report January 10, 2020 about? A settlement proposal?
"For the reasons stated above, the court dismisses plaintiffs’ direct claims: the court lacks
jurisdiction to entertain the direct fiduciary duty and direct implied-in-fact contract claims, and
plaintiffs lack standing to pursue any of their direct claims. Further, the court declines to dismiss
plaintiffs’ derivative claims. The court therefore GRANTS IN PART defendant’s motion to
dismiss with respect to the claims plaintiffs label as direct (counts I, IV, VII, and X), and
DENIES IN PART the motion with respect to the derivative claims (counts II, III, V, VI, VIII,
IX, XI, XII). By no later than Friday, January 10, 2020, the parties shall file a joint status
report proposing further proceedings and, if appropriate, a schedule for such proceedings.
The court has filed this ruling under seal. The parties shall confer to determine proposed
redactions to which all the parties agree. Then, by no later than Monday, December 16, 2019,
the parties shall file a joint status report indicating their agreement with the proposed
redactions, attaching a copy of those pages of the court’s ruling containing proposed
redactions, with all proposed redactions clearly indicated."
Yes, it's over. FHFA has nothing to do now.
I don't understand. What do you mean? Fannie is free?
"Based on the
revisions to that agreement, plaintiffs seek the return of money illegally exacted, damages for
breach of contract and breach of fiduciary duty, and compensation for a taking pursuant to the
Fifth Amendment to the United States Constitution (“Constitution”). "
Sweeney ruled in favor of plaintiffs
https://www.acg-analytics.com/wp-content/uploads/2019/12/Doc.-449-Opinion-on-Motion-to-Dismiss.pdf
Is Sweeney going to say how much FnF get back?
There will be many negative things revealed, just not about this administration (so much).
IMO FnF have been buying back their shares for a year.
Either GSEs are buyingback shares or consent decree soon
It does not make sense of common pps going higher when SCOTUS hearing is scheduled for January 10th instead of December 13th.
There are two possibilities:
1. Possible action by FHFA after December 20th.
2. GSEs are buying back shares.
No delay in Sweeney's court.
BOOOOOOOOOMMMM
Fannie, Freddie Shares May Move With Unsealing of Opinion
By Felice Maranz
(Bloomberg) -- Common shares of Fannie Mae and Freddie Mac may move as Court of Federal Claims judge Margaret Sweeney is likely to unseal her opinion in a case regarding validity of the so-called “net sweep,” which transfers the profits of the mortgage giants to the Treasury.
The parties involved in the lawsuit late Thursday told Sweeney that her Dec. 6 opinion didn’t require any redactions, Bloomberg Intelligence‘s Elliott Stein said
“As a result, we expect the opinion to be unsealed imminently, possibly as early as today”: Stein
Making the opinion public would offer investors more information about how the case may proceed; the issue is critical as investors in the mortgage giants contend they or the companies deserve the profits, not the Treasury
This sounds like an inside scoop
There will be over a Billion shares after the Capital Raises and/or Conversions.
That is, at least until $FNMA does the Reverse Split wink
Missed it. What was said please?
The AJP letter was written 2 years ago and it still survives. lol
Boy are you going to be one very disappointed fellow if you are not converted to "average Joe" status.
And I believe the chances are significantly better than 50% of that not happening. My opinion.
Is there an agreement on settlement terms? It's over?
Certainly FHFA will not manage litigation. FHFA can't even sue itself.
One interpretation of his post could be that treasury is not liking the ruling by Sweeney considering Calabria’s position all along is that treasury will manage litigation.
If Sweeney's reasoning is still under seal, we can expect no reasoning Monday or any day until the seal is lifted.
From Sweeney's tone, I would say the courts deem entire conservatorship illegal from the beginning and return all the money.
ONLY 1 THING REMAINS
1. Will overpayment be returned to the Companies OR Will the courts deem entire conservatorship illegal from the beginning?
At last, something we can all agree on.
Merry Christmas and Happy Winter Season.
It feels all Christmasy around here. :)
Gary Hindes brief:
My favorite part:
" if Judge Sweeney denies the government’s motion to dismiss, the issue of whether or not the government used improper means to coerce the boards into going along with what it wanted to do will be litigated. What’s behind the redactions will be revealed. And many of the key players will be forced to testify under oath (here’s looking at you, Hank Paulson). And that means the common shareholders (Bill Ackman is reported to be the largest) are going to have to have a seat at the negotiating table, because absent settlement of Washington Federal, it will be impossible to The Delaware Bay Company LLC raise any new capital for Fannie and Freddie."
https://gselinks.com/wp-content/uploads/2019/12/More-shoes-to-drop-3.pdf
Is it MEOW TIME??
Do you know the courtroom for the SCOTUS hearing? Thank you.
How do we find out if CSP was designed to be a a direct feed of $$$ to ACA?
Anyone know any CSS staff?
Oh you better believe it.
Relist rumor will push this stock over Five . Only way to offer new shares is on big board and that event alone will make share price explode.
I might buy 100 p shares and use it as wall paper in my bathroom.
Hits the nail on the head.
They are so stupid...how stupid are they? They think we would believe any smart or institutional investor wants an IPO to be lows. That defies all logic of all public company IPOs ever done. Ps are actually the greedy ones, not the commons.
True enough, like the dream they have that they will be converted to common shares at the detriment of common shareholders.
The local yolkal Ps deep down are afraid as they should be. The make up fantasies hoping one catches on. Anything government does to help them or even keep them is a violation of Hera. They have no say, and we are the voters. Any other way leads to court cases.
Repropose of capital rules means little at this point as courts are likely to tell TSY to pay back FnF overpayments.
TRCPA - completely agree with you - I am just pointing out that the critical phase for the capital rule is not how long the comment period is - its how long they mess with this afterword. I have had to deal with a few of these (on the Government side) from writing up the proposed and final rules, being a point of contact to field questions, etc. Everyone knows the urgency of this - however, this may take longer than expected. When I heard the word "Repropose" I was really disappointed.
Hope this helps
Nats
There is no reason to keep JPS around. Objectives of bankruptcy/conservatorship is to reorganize debt.
Forget about warrants being executed also. They are illegal plus the gov't likely will be ordered to pay back billions.
When did Sweeney rule that the 11,000 docs weren't executive priv? Thank you.
Because the 11,000 OBUMMER Documents were tackled by SWEENEY
SWEENEY RULED - THEY WERE'NT EXECUTIVE Priv and EXPOSED THEM
now SWEENEY's COURT and RULING is FRONT and CENTER
especially after SHE COMPARED TREASURY
to "THE MOB" in HER COURTROOM during ORAL ARGUMENTS !!!
SWEENEY knows WHERE the BODIES are BURIED - SHE has SEEN ALL DOCUMENTS
Sticky added.
Excellent advice Chess.
Preferreds should convert now. Why wait for the government to tell them they can convert? Sell your preferreds and buy common.
None of the plaintiffs are asking for a P to C conversion, so why would FHFA/Treas hand it to them?
Preferred are BETTING THE HOUSE on conversion. This is there only saving grace from cease trading and cancelled. Happy days.
Hope for thier sake they do not end up homeless
MM signal 1,000 means don't let it run
http://www.pennystockdream.com/Market-Maker-Signals
MMs are getting the signal to gap the stock up
Market Maker Signals
100 I need shares
200 I need shares badly but do not let take the stock down
300 Take stock down at least 30% so I can load shares
400 Keep trading sideways
500 Gap stock. Can be up or down, based on 540 signal
600 Means provide resistance
700 Means keep moving the stock UP
800 Get ready for action
900 Means let the stock float
911 PR out