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You're ASSUMING a ton though.
Sandra Thompson, who you seem to be a fan of, just spoke to making sure GSE's are not released unless in sound safe condition. You don't get there by keeping unlawful monies or making any holder in this rich beyond the stars!
Successor in interest, full bullet points, didn't select/paste all on post this is replying too. Oops. Here's the full description:::
By devise, descent or operation of law on the death of a joint tenant or tenant by the entirety;
To a relative resulting from the death of a borrower;
Spouse or children of the borrower become an owner of the property;
Resulting from a decree of a dissolution of marriage, legal separation agreement or an incidental property settlement agreement, by which the spouse of the borrower becomes the owner of the property;
or
A transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property.
See my post 716427 successor in interest does not mean what you think.
If you bought any Freddie common or prefs or Fannie prefs after Dec7, 2021, you are not part of the class action.
Been part of many class actions and shareholder of record dates are firm unless changed by the courts. It's to lock in an amount for settlement purposes if there is a settlement and judgement to compensate.
Yeah, another cruel head fake to shareholders, no doubt.
Anyone buying now is not in that class action either. Since shareholder of record date is specified.
Fffacts read, and I mean read the article. Fannie commons is not part of the class. YOU ARE WRONG!!!
Saying my statement was false was pure dumb move.
https://topclassactions.com/lawsuit-settlements/securities/fannie-mae-freddie-mac-face-three-newly-certified-classes-in-stock-profit-lawsuit/
From the article, maybe it will help you out?
The Fannie Preferred Class is represented by plaintiffs Joseph Cacciapalle and Barry P. Borodkin, the Freddie Preferred Class is also represented by Joseph Cacciapalle, and the Freddie Common Class is represented by plaintiffs Michelle M. Miller and Timothy J. Cassell.
Neither have you on anything, so False again.
Yeah....let's go with that.
Well...Yellens also been all over the media Yellen about freeing them. Lol
Not a peep from Q-tip.
There ya go! Yep. They like us right where we are. Easy to manipulate and under an umbrella of constantly changing HERA law, if you can call it that.
Randy, see my post 716161. I state my idea on what I may do.
Nope. Fannie COMMONS is not called off as part of the class. Only fannie JPS.
Yes you are reading correctly. So if you own only prefs or FMCC, you will be legally restrained. Not totally, but pretty severely.
Wiseman and GB both graduates of UofBS
Kicking around the idea of staying in this class action to see where it goes. Originally, I was going to remove myself, but since Fannie has not been made part of the class, I hold two cards since I own about 85k freddie and 115k fannie commons. Thinking maybe ride this class action, even though I'm a pretty firm believer everyone involved gets pissed on other than the plantiffs and plantiffs lawyers. My legal options, which this class action says will be closed, are still open and in force since I own the FNMA, which are not part of the class.
I foresee many selling Freddie commons later on and switching to fannie shares if indeed the class gets screwed on this, so that their legal opportunities are opened back up.
Something stinks about this, and we just are not aware of it yet....plans within plans? There maybe be some real ulterior motive for FNMA not being included? Maybe it's what is mostly owned by government crooks?
Can't wait to see how this pans out! Opinions?
Just checked my mail, you're correct. Received 2 notices. I think that's due to my having both FNMA and FMCC positions at both Vanguard and Fidelity.
That's a great question, so far the only reason specified on here is that no FNMA common holder is part of the core plantiffs group.
Which is odd.
Do you not understand how much is actually made, fabricated and intensive component of oil? Do you not realize the electric cars are oil intensive? The fertilizer you use is oil intensive, the shingles on you roof is oil intensive, the plastic spoons/knives/forks at your holiday bar-bQ are oil intensive, anything out there made of bent metal or plastic is oil intensive. And yes electric motors to move electric cars are oil intensive as are the required and necessary lubrication of parts.
Show me an electric car and charging station that was manufactured and installed with zero oil and I'll show you a Leprechaun. Lol
This is the problem! Many who sit and think about gas only and have zero manufacturing or industry knowledge think oil can disapear completely and the world will be perfect because the green new energy like pixie dust and unicorn farts will get us to nirvana.
How are those huge cargo container ships which use hundreds or thousands of gallons of diesel going to move all that weight? Giant windmill or solar panel array stretching 20 miles behind the ship? Lmao. What about planes? Jet fuel? Maybe make planes with windmills all over or the whole body out of solar panels. Problem though. Planes would need to be way bigger to carry the batteries required to power them. Bigger electric engines to move them. Not going happen.
Al Gore....Ha ha ha ha
You know what's funny....if you look back, when FNMA was created, it was created to help EVERYONE who worked hard to afford a mortgage because the banks were not stepping up and neither were the saving and loans (see savings and loan crisis). All the sudden the GSE'S morphed into social justice tools to provide anyone who was too lazy to work hard and save a down payment, so we end up with crap loads of subsidization at other mortgage holders expense (see various fees). If inequality was happening in mortgage lending, there are laws on the books for that. What's happening now is just plain socialism.
Our constitution says all men are created equal. It's your equal opportunity to succeed or to fail. Constantly backing societies failures is not building a strong society. Granted there are some who really need a hand, like handicapped or injured military.
There are way more reprecussions to Rship than just those you specify.
30 yr would go bye bye along with any affirmative action handouts, banks would have made sure of this. Banks do not base loans or savings on affirmative action. Banks would also be charging 8-12% for mortgages, or more because they dispise risking any of their capital, earnings.
The GSE bonds, debt that China and other countries held would have to be settled, putting treasury and government in a huge bind.
BTW, most started jumping in the JPS way back when Obama was mentioning receivership bankruptcy numerous times. The thought then was capital structure, prefs get par, cause they were beat down anywhere from 1/2 to 1/3 of par. It's why so many hedge funds jumped in. But as you can see, the scenario changed.
Word is he had butterscotch with cornpop, then they went for an 18 wheeler ride around the White House.
FOFreddie, the opt out deadline is 04-23, so final tally is yet unknown.
Lol, ha ha yeah, there's that also.
Why would he do that? I think the opposite. He will have more control over the GSE'S as long as his FHFA head Thompson is in charge of them. If he releases into an environment where Senate and Congress are majority Republican, that majority will stop him dead in his tracks from doing anything with the GSE'S, also, that majority would almost assuredly start putting in place legislation for the GSE'S to be approved not by Biden but whoever is next president.
But then again....I digress, you could very well be right. Biden has a current reputation for not doing anything logistically smart.
That should be sent to the Senate and maybe Congress, asking for an explanation on WTF is this? It's criminal how none of the news media are not addressing this situation.
LMAO! Ha ha. Good stuff
Amen! Excellent post. I doubt you'll penetrate his paradigm thinking though. I tried to reason like this in so many words. He claims it's commons not open to his capital structure reasoning, I kept pointing out capital structure doesn't matter, hasn't for 13+ years! Government is the big fish in the pound, all the rest of us are chum.
The only thing that works for us is the governments greed, which works against them the more greedy they become. How? Capital raise, investors investing confidence, and releasing a strengthened, not weakened GSE's. They can very easily screw this up by being too greedy. Wallstreet: pigs get fat hogs get slaughtered. GB is full fledged hog and does not understand that simple euphemism. Maybe why he's been killed on other investments? IDK.
When it comes to government and FHFA, the words all talk and no action apply. Like Calabria and his endless chicken sandwich lunches. I honestly think that's good though. GB has changed his win by March to win by end of the year, which will be very interesting since midterms are November. Lamberth is supposedly July? Correct? That will get bumped, I have no doubt.
The current admin has too many things in disarray and getting worse, so I very much doubt they want to add this to all the things going wrong. Midterms hopefully starts to provide us with a path to a solution.
I think it's you who doesn't understand....even though DC is filled with greedy idiots, they can not release the GSE's as is or as a utility model by stealing every penny they can. One thing they will do though is maximize whatever they can get at YOURS & MY expense.
There's no way the markets will fall for any capital raise scenario if government releases a lame, financially weak twins.
You missed the whole SCOTUS decision about how FHFA can regulate the companies to protect themselves, the entities or the public it serves. Not a dam thing in there about ANY shareholder.
https://finance.yahoo.com/m/584421d4-9c8e-3d9e-8a85-710fae18b26e/tesla-stock-pops-after-stock.html
Pelosi's husband bought a bunch of Tesla a week or two ago. Was just in the news....coincidence? Lol, yeah sure
When word starts coming out that these DC crooks are buying GSE shares, then we will realize our true value. Until then, the beatings will proceed to keep the morale in the toilet.
That's halarious! JPS have a million posts riding on Lamberth, contract claims and like a dozen cram down, conversion, fulcrum, blah, blah, blah hype that supposed to materialize in their favor via Lamberth, and you say commons will tank? Ha ha ha ha, that's funniest post of the year.
https://www.yahoo.com/news/stranded-windsurf-board-off-keys-202634895.html
Gb giving people ideas, lmao
Excellent Guido! Some day I may join twitter. Right now this message board is my only social media frey.
LMAO! Aaaaaa yeah, right.
It's time to worry about the current bull crap, no?
GB claims it's a restructure of F&F, but as Mad Max states it's the restructure of the mortgage markets. As I keep saying, we ARE a political football that keeps being moved from one 45 yard line, acctoss the 50, to the other 45 yard line, and then back again 4 years later. It's a joke. Then there's their ulterior plan to just try and outright steal the full value of the GSE'S via a liquidation prefference.
Can't wait until Waters is ousted from the banking committee. Midterms! Hopefully new majorities and newly elected give us people with better ideas, people of action and moral character.
And no court holds their feet to the fire as they hold two companies hostage. Criminals
Is he related to Jen Psaki? Something very similar, I can't quite put my finger on