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let's all email Britney and ask her to speak to congress about us!!!
Very strange, price change should be +20% or more
Something is going on behind curtains.... fnma volune close to 100million
Preferreds getting slaughtered like pigs first by serrating the neck until fully beheaded, as there is no end in sight for them until they are cancelled.
Commons doing better, but still bad
Getting tired of this
HAHA, you made my day
ahaha, good one
great idea
It would be nice to have a similar # of supporters / fans as Britney had.
We should come up with some pop songs
glad someone had the same idea
Precedence
“I’m elated,” Ms. Fawcette said. “Britney has been freed, and her freedom sets a precedent for all other conservatorships across the nation. Her conservatorship and court case will be forced to be looked at by every judge and entity reviewing conservatorships. I’m happy for Britney, but I’m more happy for our nation.”
https://www.nytimes.com/live/2021/11/12/arts/britney-spears-hearing-conservatorship#spearss-fans-exult-as-they-learn-the-conservatorship-has-ended
The problem i see is the communists are now everywhere to cover each other's rears
Good points
If this could be applied to GSEs
https://stopguardianabuse.org/
NASGA’s Goals
To protect the civil/human rights – life, liberty and property – of adults described as “incompetent” and made wards of the state in unlawful and abusive guardianships and conservatorships;
To end financial exploitation of their wards’ assets by court-appointed fiduciaries* who, instead of conserving their wards’ assets as required by law, force previously financially able wards onto Medicaid at Taxpayer expense;
To be a support organization for families battling court-appointed “protectors” who permit due process and other violations of law to occur, including physical and mental abuse and isolation; and
To obtain reform – through outreach, education and advocacy – by meaningful amendment of existing statutes and increased penalties against violations of law.
*Fiduciary: From the Latin fiducia, meaning “trust,” a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith, and honesty. The title “fiduciary” is interchangeable with “guardian” or “conservator.”
very good, thanks for the analysis
good analysis
The only concern is the low volume. the last 2 days at +20% on PS plus today at let's say another 10% along with a -5% on CS indicates rotation from CS to PS. But the volume speaks volumes. Is this just a manipulation?
Agree 100%
500k shares, good 4 you
Im almost at 250k but at mid $2s so i have a big red in my account so far. Planning on buying more at these prices
Mine too. This sucks
I think the same.... cant explain it just a gut feeling
The SC decision hurts us all, but now we know for sure
the worth of Preferred Shares (-65% average) to Common Shares (-34%). Let's hear no more BS about it.
Also between Common Shares FNMA -32% and FMCC -37% I guess FNMA is the least punished one. Still sucks but if Biden believes in free markets this might be an opportunity to buy solely FNMA
Thank you. He /we will be making a lot of money soon
That's great news. Tha is for sharing
Do you know what's Ackman's average on fnma??
I think the drop is due to
FHFA publishing a final rule that requires Fannie Mae and Freddie Mac to develop credible resolution plans, “living wills."
The word "receivership" scared investors, but the living wills are just a step to getting out of Conservatorship!
Quoting Mark Calabria ; “Just like other large financial institutions, these plans will provide Fannie Mae, Freddie Mac and FHFA with a roadmap for preserving business continuity should they fail again."
Just like other financial institution is key. It is not meant to be it will go into Receivership. I wouldn't be surprised if tomorrow FNMA goes up 16%
definitely, just looking at GameStop and AMC, how can brokerage firms protects big Wall Street short sellers by allowing investors only to sell, restricting the stock?
totally rigged
The GSEs are one of the best companies in the whole world, they can't just be trading at $2-3. Even GameStop went from $2 to $347!! To my cost per share that'd be ~12,000% ROI!!
+20M after hours yesterday and we are up only 5%?
It is possible that this is a totally fraudulent system
probably, like what he did with IndyMac
https://www.politico.com/story/2017/01/steven-mnuchin-treasury-bank-233813
IndyMac, a crumbling mortgage giant that had hawked so-called liar loans to borrowers who didn’t have jobs, money or paychecks. In 2008, it was the first major casualty of the financial crisis, the third-biggest bank failure in U.S. history, and a symbol of Wall Street excesses.
every day -2 to -3%
Mnuchin and Trump unfinished release was at purpose. They are privy to documents and deals we don't have and as part of the government they cannot profit. Now that they are going private they will be buying GSE, like Mnuchin did with Indy Mac
Politico
https://www.politico.com/story/2017/01/steven-mnuchin-treasury-bank-233813
If the market is about to crash and rich funds are looking for value, then GSEs'CS and PS are hot commodities
https://www.cnbc.com/2021/01/17/the-wealthy-are-investing-like-market-bubble-is-here-or-at-least-near.html
The gov has been more than repaid for one, and second, with them it would be hard to issue new shares, which is good for Commons, because they would be more willing to wait 3-4 years to use RE towards capital requirements
That's true, Biden would look really bad if hedge funds enrich using PS, whereas it sounds more 'for the people' with Commons
I expect the same too, but on Tuesday
https://howardonmortgagefinance.com/2020/10/07/the-director-digs-in/#comments
Interesting he also arrived to 3-4 years
Mulling over the current agreement, it is good for CS, bad for PS. CS went down 1/2 of what PS did last Friday but that's because of 'association' mentality. Markets should identify this mistake soon.
“Retained earnings alone are insufficient to adequately capitalize the Enterprises,” Calabria said. “Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis.”
Functionally, though, Fannie Mae and Freddie Mac are unable to raise private capital because of Treasury’s preferred shares. Fannie and Freddie shares hold little allure at present to investors, since the conditions of the conservatorship mean they don’t receive a dividend.
https://www.marketwatch.com/story/fannie-mae-freddie-mac-can-keep-future-earnings-per-agreement-between-treasury-and-regulators-2021-01-14