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I'm willing to put my money where my mouth is, unlike you and brooge. Do you also think, as he does, that the SPS will be written off/down to zero? There is no way in hell that is going to happen.
And peeps like you give lip service but don't have the stones to back it up.
How much do you want to go? Million?
How about golf boy? Seems he has it all figured out 😆
KT has a better understanding of the situation than anyone on this message board. You and your friend aren't even in the same ballpark. Where I differ from KT is that I predict the chances of the SPS being converted are much higher than what KT predicts.
Treasury took 92% of AIG yet AIG had a fiduciary duty to common shareholders. FnF have no fiduciary duty to common shareholders.
The writing is on the wall for all to read if and when the time comes for release.
Emotional nonsense
You should sell your JPS then
The hype train ran out of steam.
If you don't like GB's site, make your own. Problem solved.
LMAO.....thanks
They don't care
Investment there and investment here are the same. Both are a waste of money.
Yeah, garbage, do you have a hearing impediment?
If the NWS wasn't implemented and FnF paid 10% interest on $192 Billion in SPS (not accounting for the rising LP), then FnF would have paid roughly $295 Billion in interest to date.
So this $6 Billion premium ($301-$295) is going to payoff $192 Billion in SPS? 🤣
I own stock in a bank that has paid me more in dividends than my cost basis. Guess how much the bank has paid down my shares? Zilch, nada, none.
The longer this goes without Treasury getting a dividend = the more likely Treasury argues they can't write down the SPS.
Hello Not-Very-Wise Man. What apparently you and the rest of the clown car occupants can't seem to grasp is that FHFA has NO fiduciary duty to shareholders. Neither do FnF.
Technically FHFA has a fiduciary duty to taxpayers, just as does Treasury. So when you speak of writing down the SPS to zero for no compensation....that narrative runs counter to Treasury's and FHFA's duty to taxpayers. It's never gonna happen.
LOL all the way to a nickel for all I care. I'm not here to hold your hand. I'm here to laugh at people like you.
He did and no damages were awarded.
Reply if and when this is ever released in the next 4-5 years. Why would any sane-minded person think Treasury would just give away $193 billion? It's never going to happen.
New money will have to know the final structure before they invest.
That's great, when you lose it all you won't have any damages.
You can LMAO all you want but in the real world, for all intents and purposes, they own 80%.