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“Credit” for 25B paid toward a “commitment fee”. Easiest LEGAL recap possible. Why not maximize the legal framework that’s already ruled for a recap? The players are trying to tell the deaf and blind these very words.
Starting to think that’s no longer true. If that were the case, the narrative would be much different.
Regulatory capital can be whatever MC wants to deem them sound and solvent. Once sound and solvent, c-ship is over.
Nothing new from MC Mark.
How much do banks pay for their FDIC insurance?
They’re going to settle. Thompson said they had 15 months to complete the plan. If they lose the Supreme Court challenge that only gives them 3 months to complete based on the year timeline. I doubt they’re going to risk having to complete this in 3 months if they loose when they could be 50% done in 3 months from now.
He also brought up a good point on the difference between regulatory capital and enterprise capital in that they could be released from c-ship if regulatory capital is met.
Correct me if I’m wrong but regulatory capital is whatever FHFA deems to put FnF in a sound and solvent position.
Any updates on the framework since the comment period?
https://www.moodysanalytics.com/regulatory-news/july-17-18-fhfa-consults-on-new-capital-framework-for-fannie-mae-and-freddie-mac
For sure. Not sure if that’s a IRA restriction or what.
Fidelity won’t go over $7.50 sell price for securities under $5 FYI.
Ready for the second lap.
Thanks YG.
Who’s PT?
That’ll be part of the recap. Their newest BOD hire will head it as she used to be chair.
He said he sees something like the the FDIC model used for the explicit guarantee. Just so happens they just hired the former chair of the FDIC. The rest of her resume looks impressive too. Connect the dots folks.
https://www.fanniemae.com/portal/media/corporate-news/2019/board-of-directors-bair-6914.html
https://video.foxbusiness.com/v/6084640350001/#sp=show-clips
These were his words yesterday. How soon do we forget and let a 10 second clip change our opinions.
What would the exact terms of a settlement for Ackman be on his preferred investment that would offset his common loss? 200% par....250% lol.
We go green after the dog and pony show.
Figuratively not literally I’m sure.
Expecting it to go green after SBC. M & C are not going to change their tone.
Let’s not forget Fridays fakedown takedown. Seen this many of times.
FNMAS just posted 150k.
LMAO that’s all you got is the gap rhetoric? You must’ve shorted at $3.15.
Looks like you may be a little low. We shall see.
Did you and your “team” initiate that short at $3.15? Please post when you’re going to cover.
Power hour predictions?
50M volume minimum today.
52 week high in premarket?
Pop n’ lock.
Plan was expected. This wasn’t.
IMHO this doesn’t need more exposure to move. If you’re in, you’re in.
I’m sure you’ve seen 10% gaps on the open before on much less.
The gap down Friday was based on a lot less. $3.00 minimum open tomorrow. You said you don’t think it will open?
Premarket
I’m expecting a gap to $3 tomorrow.
Search Fannie Mae in google news. You get the full article.
That’s what I gather and I’m not an attorney either.
6.7. Effect of Order; Injunction; Decree. If any order, injunction or decree is issued by any court of competent jurisdiction that vacates, modifies, amends, conditions, enjoins, stays or oth- erwise affects the appointment of Conservator as conservator of Seller or otherwise curtails Con- servator’s powers as such conservator (except in each case any order converting the conservator- ship to a receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-26_SPSPA_FannieMae_RestatedAgreement_N508.pdf
Talk about a lock out!
Posting yesterday’s chart are we?