Great feedback navy! And thank you for sharing that brief but informative note.
Best of luck folks, long and strong, we are in the right.

If this is verified by market open tomorrow, the GSE's will rip and roar... But like last time, be careful folks, whole lotta manipulation going on.

Yeah, folks on here believing BO had his people initiate the NWS just because he could, are delusional. It's like coooome on man! Look at that email Navy posted to Mary something or other in the Obama administration (forget the guy who sent it). It pretty well infers the NWS being done to secretly accomplish an administration "initiative". So not a fairy tale as some here claim.
I don't like what any administration has done, so far, but the Obama administration was by far the worst! He had 8 years, 8years, I'll say it again, 8 years! No dam excuse for anything he did or did not do. Now Biden, who I said from the beginning will not do squat, almost at the end of his 4 years and crickets on anything GSE other than mandating give a ways.

Robert, we told folks when ST got in, death by 1,000 cuts (give aways), and here we are. Luckily some of it has been challenged and shot down.

Another interesting point in that debtor piece Embellish posted is where it states about even if backer of the debtor can not pay....last I looked we were never allowed a proper avenue to go to the market and acquire any bail out debt via our elected board. The government forced and hoisted itself upon us because they knew they'd be well paid back, reimbursed hugely.

Maybe the first thing shareholders should do, when we get our vote back, is construct a company bylaw that prevents this type of government conservatorship action, offers a predetermined route, predetermined conservator appointment like a federal court judge picked by the company shareholders, for any future financial problem. Like a poison pill to keep the board from falling into the hands of government control again. I imagine with the many minds on here we could come up with a great shareholder proposal for our FIRST vote, when our rights are given back.

That right there is exactly what these government chit-heads hate to hear.

True...we always come back to their incompetence or corruption.

Wow! That's a very well reasoned argument, fantastic. Very, very curious to see how Sweeny tries to kick the can on it. It is in her court, so will she keep dragging things out mercilessly, or will she finally call the government out on its illegal taking? Thanks Embellish

Looks like the government's power trippy escapades are being seriously challenged! Go Bryndon! As the company goes, so goes shareholders.

Do we not all have standing, as taxpayers, to sue the government to provide information on where that 320 billion went? Along with current monies being siphoned off? I wish a judge or jury would ask that question, especially if they ever get some of these higher level government people on the stand at a trial.

Or they could do like a real company and reduce some of that needless head count....but then I like your idea better! Put'em in conservatorship!

https://www.foxnews.com/opinion/government-legally-steal-billions-dollars-citizens-heres-congress-help-stop

Why not apply to government and conservatorship?
Does this sound like the FHFA? from the article:

Fantastic! Because corporations are people too, remember that?
Let's see how convoluted this law gets.

That would make a ton of sense at these prices, wouldn't it? Based on award amounts, some JPS would be getting more or close to what their stock price is worth. I think if government offered like $10-15 many JPS holders would jump at it currently.

Clarencebeaks 21, so the FHFA director can over ride a judicial decision? If that were the case, then definite interest compounding while the FHFA waits to pay claims. You'd be treated the same with the IRS for taxes owed.
Somehow it would seem to me, postponing legal awards would be a bad idea.

That's a common sense question and answer, doesn't that go against the convoluted process that's been going on with government and judicial review? Lol

Nope, 125k FNMA 126k FMCC 10k FNMAS & 15 years invested

Navy, that chart of damages would be incorrect as Delaware and Virginia law applies differently, no?

I'm still waiting for the government to challenge the decision by the jury, by claiming any harm financially or otherwise done, they did unto themselves (the government), since they've done everything they can, illegally, to make shareholders nothing but a boogeyman with zero rights.

If Vankmike was willing to give;us his email, we could each individually give him name, address and our email info. That should work. We are already required to have our emails attached to this site.

If Vankmike doesn't mind the extra typing, he could add our info to his hard copy or electronic letter. And then send to the FULL banking committee, that'd be my only change

My thinking is if enough sign on, they can't ignore it. We are voters and taxpayers who have influence with other voters, so hopefully they will extrapolate that little factoid

Guido, others...
Would it maybe help if we each gave him our names and emails to add to that letter? To show he is not alone! I'm willing to

I'm going based on how DC usually does things. A Congress person or Senator will usually structure a letter and a group will sign on. I think that carries more weight

STICKY Great job Vankmike

Putting the finalization in conservatorship? Yeah sounds right. Lmao

Viking61's response to you is spot on.

Agree.

No trunkmonk, I'm not following MM trades. That would be impossible to do since I believe many trades by them are done the Hunter Biden business way, through various shell places.

Those two advisor banks JPM & Morgan Stanley are the current one's manipulating the stocks, I have no doubt. That is why you've heard didelly squat about them since they were hired many years ago. They're under contract to keep our share values down. Wouldn't take a ton of money to do it since we got relegated to the BB board.

That waiting for congress has been the boiler plate response by EVERY FHA head since Watt. None of them could do squat but jigger housing rules.

That waiting for congress has been the boiler plate response by EVERY FHA head since Watt. None of them could do squat but jigger housing rules.

Most honorable to admit. But.... you've been spot on more so than many. Your views are welcome in my reading. You're standing your ground philosophically, and I can respect that, opposed to those who are just haters.

Nope... Government can and will keep a stake for awhile, whether consent decree or release. Release meaning they relist us and a few other things like stop vilifying us. JPS will be able to sit and watch it unfold.
You underestimate the government and what you think they can and can't do. JPS has no dictate rights in this, at release government absolutely knows shareholders first priority will be to get them the hell out the door, therefore they will opt for control. Control is in commons, not JPS. Controlling the voting and the BOD there's a world of stuff they could do that JPS may not like. They know commons will be the preeminent way to get the shares higher, thereby more capital on hand. JPS are a debt when push comes to shove, you have a dividend and liquidation right, nothing else. If they keep dividends off for a period, that's more capital, stronger path. BUT commons will climb, and then even more when government fully leaves.

Capital is at a point, where if I was fully JPS, I'd worry on thesis unless you are holding for the dividend years down the road, like I am. Why else has there been a steady move out of JPS? The cram down gazillion share recap fulcrum security recap plan has always been futile ever since they said they would begin allowing capital to build. "allow capital to build", read and understand that and then pay specific attention to what that capital number is now being stated as needing to be by involved parties. It's not rocket science to figure out from there that no special privileges will be afforded to any share class, but only market mechanics will drive things, like before. Albeit a bit differently while government hangs on, but later.... tremendously!

You're incorrectly (wrong) assuming government will create far too many commons because of a need for capitalizing. When the new rule finally gets here, and with the stress tests,..... boom - no need for anymore commons other than government wanting enough to assure control of voting, so 51%, that would mean legacy holders would jump to owning, 49%, where we only own 20% now, so boom commons price, and capital. The first thing government will do while owning their majority is staff more government appointees and cancel ALL dividends for all shareholders until further notice, except for probably a 6% or so dividends they will cut for their shares if a special class A or B, C etc. Eventually they sell the shares back to the company over a few years, when issued, the government shares will have a capped buy back price. Eventually the commons go back to 100% of their value and probably none or very few new shares needed at all once government is fully out. This can all be done as a release or consent decree. My thesis, and you heard here first. Again, you may ask why that could happen? Again, because they can!

I think you're going to be highly disappointed at release. I think at release commons will immediately realize gains, while the JPS languish until a dividend is realized. Based on stress tests, we are over capped, each quarter we gain more capital. To facilitate an uncomplicated release, they will restore us as we were, except possibly keeping a position for awhile which gives them voting control, that would mean canceling the seniors and keeping some of the warrant shares if they move on the warrants, this would bring law suits, so not best option. Second would be canceling warrants and most of the seniors, but converting seniors to commons so they have control of the BOD for awhile (commons have the power of the vote, means more than a dividend/liquidation contract in this since IT'S NOT A BANKRUPTCY ). They will want control after release, so commons is how you do it, or they could say they are converting the seniors to a special class of commons. Either way, they'll have power to control staffing the BOD choices AND dividends. How can they do this? Because they can! What could JPS do if they are left as is? Nottadamthing.

Serious question...what has your contract gotten you in 15 years? Name one single advantage.
As long as the government is in charge, EVERYONE else suffers. JPS have NONE, ABSOLUTELY ZERO SWAY over governments interests. They will stomp JPS just as fast as commons. That's what JPS don't get. It's a war on ALL shareholders by government, and as long as JPS make it about them, and them only, we all lose.

Bravo Bryndon! He gets it. You can be a scammer trying to pump your irrelevant and misleading theories, or you can take the high road, and fight for what is noble and right.

I would argue that fence!
10 to decide if the light bulb even needs changing, One to hold the light bulb, one to turn off the light switch, one to get the light bulb, 4 to rotate the ladder, one to hold the light bulb holder, when they find out the administration only allows led bulbs, then one to acquisition the extra money for the bulb, then one to go to the hardware to purchase the very expensive bulbs...but their electric car runs out of charge, so two more to pick up the led bulb and stranded led bulb/ electric car employee to get the bulb back to the switch operator, bulb holder, holder of the bulb holder and 4 others who are rotating the ladder!!! deep breath....if you doubt this, you have absolutely no idea how efficiently our government runs.

Exactly! Novel and complicated. All because the idiots in DC keep digging a deeper and deeper hole via MQD of rogue agencies and agreements between executive controlled branches. They screwed it up by flying by the seat of their pants, making things up as they go every administration to prevent " the other party". They can also release the same way. When it comes to DC, the ingrained corruption and uncompromising politics is why it is what it is, and one of these administrations will hopefully need to start calling out the BS that's been piled on the GSE's for 15 years.

These jackarse's are no way restricted by any law or court, they can just change, make up a new one, or fabricate some other havoc to justify their ineptitude.

Please explain how equity needs restructuring when they are busy pulling the bottom out of the capitalization rule for "instant capitalization".?? And no, the government does not have to cancel its seniors or warrants if it wants to be the main drivers of the GSE's for a bit (few years after release) until they decide to cancel or sell whatever later on. But in that mean time, they can control our dividends (affects JPS more than commons), but not the stock price. The price of commons will always be capped appreciation wise, as long as government is in the picture, but many are wrong that any equity restructure will be needed. You can bet your last dollar that they will not be focused on making any group rich, just solidifying the GSE's safety and soundness once released, but the market is a very discerning and harsh arbitrator of value. Hence, the commons will appreciate, maybe not fully, the JPS will also....eventually, but a long slog ahead for dividends, so JPS will take much longer. The court cases existing are a red herring, much could affect the final outcome, but it won't be cram down, a gazillion shares, etc lol.

The government has many roads it can follow, many options it can create. Manipulation of price on both share classes should tell you all you need to know in how they do things.

Rick could do a TikTok video, dressed as captain Ahab (ala Gregory Peck) and standing in a canoe or on a wave runner...

Saying these GSE'S test me, Talk not to me of blasphemy, man; I'd strike the sun if it insulted me.

I would think they are being tight lipped until they hear what the governments retaliation is to the verdict. Never show your hand to the enemy. This could be why we are in an information blackout currently. Both sides waiting for the other to blink so they can take advantage.

Them GSE pooches gonna get a spa day?