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.
"Oh. So basically return to HUD-OFHEO overseeing FnF?
And what happens to FHFA?
"How many GOV-oversight entities are needed?
Three, Six, Ten? If HUD provides a guarantee isn't that same as USG? "
"New Money is going to want to have a concrete timeline as to when the GSEs will be released from Conservatorship."
"Your plan has a lot of problems. No institution or mutual fund is going to invest in a company in conservatorship. Ask BCDE. Better plan is as per Layton. Retained earnings for 7 years raises $140B. Done. No IPO no silly dilution. So simple it’s mind blowing. Avoid the capital markets.
"
"I note with interest that Mr. Angels NYC address on Park Avenue seems to also be Herrick Feinstein's NYC address. Hmmmmmmm. "
bcde - Good post. When a lawyer representing a big JPS investor says, unprompted, that the common shareholders should be treated fairly, it makes me wonder if his client now has a huge common stake.
"Do you think they will Convert JPS to Commons immediately then? Considering JPS are leading the lawsuits, I would think for "all of those issues to go away" (as per Calabria), then JPS would definitely want an immediate Conversion. "
"$FNMA +1% and $FNMAS +6%. Can anyone explain what's going on? "
"Yeah! Let's send a bunch of letters and stuff to the judges! Then they might throw the cases out! "
"It's called ... Holding the Govt Accountable
and Exposing their GSE Lies & Illegal Acts
after TOTAL repayment of Loan + All Interest
they dont respond to "polite requests" to STOP !!! "
"I know Trump delegates authority."
"I would say add Trump-the Mooch to the list. Allowing the fire to burn and destroy lives is just as bad as the actions of the ones who started the fire and the ones who fanned the flames. "
"If it were illegal to issue stock while in conservatorship that would include warrant shares minted and issued. Thus, out of conservatorship if they can issue stock then, common shareholders like me and many others can sue to stop them from being issued since our "rights" would ahvve been restored.
catch 22 ?
"
"It's illegal to issue stock while in cship, but what does that matter. "
Considering all the lawless things FHFA conservators has done in last 11 years, it is better for White House to ban UST bankers-traders, and FHFA conservatorship from involving in any way in recap process.
Any abuse of Gov authority to interfere in recap process will result in violation 5th amendment rights. This may also result in congressional investigations and scandalize the process.
All JPS pps are recovering after over reaction.
By EOD CS pps will also recover.
Any certainty is good for both CS and JPS.
"Why is $FNMAS up so much today and $FNMA is down significantly yet again? "
"This is false and has been debunked by Tim Howard: "
"Enbanc
178 days(Including today) Or 5 months 27 days. "
If you really want to make a difference you should do the following:
"So this is an over simplification but treasury holds the purse strings and the warrants. Treasury is the GODFATHER.
Go FnF! "
"but since we have a Spineless Govt Lackey Director "
navycmdr,
In a way you are right but it may be more complex than what it appears. MC is a insider, so he has to work with white house and others.
But what does not make sense is, if SM is busy with other things and if UST does not have GSE expertise then why involve SM and UST. UST is just a investor or creditor and FHFA can very well protect tax payer interests.
FHFA and HUD should be leading all the GSE related efforts. It is wrong to involve SM and UST because of past hostile attitude of UST bankers and inherent conflict of interest...
"Gasparinos post are so wushu washy when he states oh release in 6 months to a year... nothing happens (significant at least) then when he says oh 5 yes from now same thing nothing 11 cent red for me atleast is nothing..... he’s just a reporter all I care about are rulings judgments and action!!!
"
"Have you ever known a senile person who tells the same old moldy joke every day because they do not remember that they tell the same old moldy joke every day? Or don't you remember if you know such a person?
Go FnF! "
"Boom. Polar Express, Choo Choo!
Clearly the Eng creating steam to rapidly move this FNMA down the tracks. "
Clark6290,
It is annoying that you keep on peddling the same garbage.
Please provide some meaningful analysis that helps all investors,
Mnoochie UP NEXT on CNBC TV ... doubt he will even mention the GSEs
"I can wait 5 years. This is about 65% growth per year assuming $20 in 5 years.
"
"70-75% of par is 50%+ for a lot of preferred series from today's prices, possible in the next 6 months. Enough for this "JPS big investor" to stick around.
"
"5 years to par and resumption of dividends leaves room for immediate upside from today’s market prices, about 70-75% or par. How do you figure “death sentence?” "
It is a true “death sentence" for JPS big investors. Big JPS investors do not invest for 5%-10% return for long term. Big investors want quick ROI and turnover of their capital to make money and invest else where.
If JPS big investors quit then goes with them all the lawsuits. So in way a slow cap under conservatorship is one shot and two kills for Gov.
Only best alternative is Release immediate and then Recap with what ever options. This way JPS holders can get good price because lower risks and faster recap.
The best guess is, big JPS investors will lobby for Release immediate and then Recap.
"5 years to exit conservatorship is a death sentence for JPS under most every possible circumstance. "
CryptoNator,
thanks, Hope things will work out for all and help all.
Thanks for your insights. Keep us updated with your analysis.
"The Trump administration’s report on overhauling the country’s housing market is “essentially done” and could be released in late August or September, the head of the U.S. housing finance regulator told Reuters in an interview Wednesday. "
"The Capital Raises will occur while GSEs are still under Conservatorship. This has just been confirmed by Reuters.
Most of the other Plans that have been proposed suggesting Release then Recap can all be thrown in the trash.
The Capital Raises will occur at the behest of FHFA / Treasury "
"CryptoNator, better hope a clerk is working overtime to upload that opinion to PACER..."
"Not for me to debate - but things were a bit more dire when the GOV took over --- . "
Please explain. Who were in dire situation?
Why are you peddling fake narratives of financial establishment?
Financial establishment was bankrupt and FnF were the only companies that were in good shape in those days.
Goodluck everyone. We're excited to see this finally climb above $3.20.
"Amateurs should not dabble in these areas. It reminds me of going numb when Bradford wrote an angry, accusatory comment to FHFA during the capital requirements submission period. With so few responses, this diatribe was sure to catch the attention of FHFA officials in a highly negative way. "
"Please don't just write: not correct. That's not nice. "
FD,
Yesterday I ran out of my quota of 15 messages. So I could not respond to your post on Receivership.
Any thing to do with Receivership is extremely complex and nobody can understand its consequences. That is why Hank or OB were not able to wind down FnF. So any plan involving receivership is DOA. If you look at LHMN receivership, it is still not complete after 11 years. So think of how long it would take for FnF.
"Marren writes that F+F were insolvent and that shareholders would not take this into account in their lawsuits as their shares would then be worth less.
"
Officials at the Treasury Department and in the White House see freeing the GSEs from federal control as being incredibly complicated, and that the process needs to be done slowly and deliberately, according to people familiar with the matter, Bloomberg reports.
"I fail to see how the Marren letter increased today’s en banc release. The court rejected the letter. Probably already shredded and on it’s way to the landfill via the blue truck Waste Management. "
"Don Layton's ANSWER as to WHAT TO DO w Fannie Freddie REFORM ... smile smile smile
"
This article is very simplistic and inconsequential.
Most of these ivy universities are pro TBTF banks because of symbiotic relationship. So do not be surprised to see more pro TBTF articles from Layton.