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It did sum up the situation extremely well. When did Bruce say that ? It’s sad, but it’s true. SCOTUS turned an blind eye to a clear case of illegal taking of private property. Anyway, we still get Trump. Hope he is able to make it to presidency again. But, no more Mnuchin please.
AIG didn't have NWS forced upon them. NWS payments is $310B upto 2021, for a bailout of $191B (fund commitment by UST, not sure there is any actual fund provided to Fannie and Freddie). So obvious, it is an illegal taking of private property. We just need more time to get REFUND of NWS payments and RELEASE from C-ship.
Calling Judge Royce Lamberth, do you forget the court order of the 8-0 Jury Trial in August 2023 ? We are now in 2024. We are now 6 months behind schedule. Please issue the order, so that they can proceed to appeal.
Time doesn’t exist. It is human who invent it as kind of measurement. Just like money, we invent money and get played by money. It is just some numbers on a piece of paper.
For stocks trading below $1 for a period of time, they are not qualified to trade in NWSE as far as I know.
FnF were delisted because their share price dropped below $1. Relisting them will be the first step to release them from C-ship. Once relisted, their share price may soar to $10 (?) representing $20B core-1 capital. Keep fighting, until Refund (the NWS payments) and Released.
can be today, IMO.
I think they will need a good legal ground for Fannie and Freddie to pay the compensation for FHFA. Anyway, the compensation can be seen as some incentives to the shareholders after all these years of waiting.
To compensate for your waiting time, they intend to pay you some incentives. Judge Royce Lamberth will issue a court order shortly to fine FHFA $612M + pre-judgment interest and pay to FnF shareholders. Fannie commons are left out, so that they can file lawsuits later for some bigger damages. GLTA.
Update from Judge Royce Lamberth should be around the corner. Let's see if the spark is good enough to trigger another 100% price soar. I personally prefer to appeal, given the compensation is peanut.
Keep fighting, until we see the Refund of NWS payments ($310B) with interest and Release from Conservatorship.
Both are too old, but Trump is still very energetic. If Trump wins, FnF shareholders have a better tomorrow.
I know you are here to pour cold water onto us for some reasons. The stock pops up from $0.35 and stands above $1 for some weeks now. Next, we will see Lamberth's court order to push it to over $2. Then, we may see Trump's nomination and the election in Nov. Ideally, it will trade above $3 or $4 in mid 2024. Then, God knows. JB may consider to finish the GSE release before the election, to ensure he is the one who complete the last piece of unfinished work in 2008 Housing Crisis. You know what, there are lots of sweet dreams in 2024 for FnF shareholders (the faithful ones). You should join us to share the joys.
Nice. It will be a home run in 2024.
If it is Release, stock price will rocket.
Agree. We will be trading in the $1-$2 range in the next few months with a much stronger upside. Any news will bring us to $2 easily.
This whole thing is nonsense. It is like asking the thief to compensate the blood loss in an hour, after the victim is stabbed.
Fannie and Freddie were forced to pay all their earnings perpetually to UST since NWS. Upto 2021, they paid already $310B to UST for a fund commitment of $191B by UST in 2009. If NWS is deemed to be illegal, please refund the $310B with interest. It is crystal clear a case of highway robbery, and an illegal taking of private property. KEEP FIGHTING, until NWS payment is refunded and FnF are released from C-ship.
$12B is like a year’s earning for Fannie. So, we are not far away.
I still think that we should the Plaintiff should appeal. The compensation is a peanut.
No worry, it can be in a few days.
TC, there is nothing to worry. It will be home run in 2024. Short-term price fluctuation is no concern, unless you would like to do some flipping.
News are obviously more important than chart. IMO.
will see it happen in Feb, if we are lucky enough.
People short-selling FnF now is high risk. Or, they know something we don't know yet. Anyway, we will know soon enough.
I still remember that Trump was running out of time to release FnF due to Covid, the Election and, MC and SM slow-walked the release process. Trump issued a WH Memorandum to request UST to release FnF. Trump's intention is very clear.
She looks kind of innocent all the time. Hope she do something to release the GSEs.
Smart plan 👍️
It runs all the way up from $0.39 in 2 months (?). May take a break before the next leg up. IMO.
If Ukraine shall fail, American boys will be fighting in Europe. Investment in Ukraine is smart move to avoid direct involvement. IMO. Not too long ago, US and England pledged their security guarantee to Ukraine to give up her nuclear installations. Not sure the pledge was done verbally or a kind of treaty.
My argument is Fannie and Freddie need to have legal ground to pay the compensation on behalf of FHFA. I think we will have the answer soon.
Does the funding cover also the $612M+ compensation that FHFA is fined ? I think they will need a legal ground to have Fannie and Freddie to pay the compensation on behalf of FHFA. I am waiting to see what will happen ? Keep fighting, we will have the GSEs released very soon.
Plaintiff will provide response to Defendant’s opposition on opt out arrangement by 12 February. I suppose court order can be issued within next week. We will consolidate our first win in court. Other lawsuits may follow suit.
Next question is how FHFA can afford the $612M+ compensation. Some say Fannie and Freddie will pay. But, question is in what name. There is simply no legal ground for Fannie and Freddie to pay the fines for their conservator. Happy to see what will happen next.
Judge Lamberth knows enough is enough. He already made history in the US legal system to delay issuing a formal court order by 6 months. First is an allocation plan. Next is the opt-out arrangement. What will come next ? God knows.
Don’t think FHFA is a conservator. Instead, they instruct Fannie and Freddie to donate to low-income family support program, while they need to build up capital to exit conservatorship. The Administration and the legal system don’t think this is a problem. We, as shareholders, find that non ethical.
It is for argument sake. Kind of tactic to more delay, I guess. The compensation is kind of a dividend. Do Apple, Amarzon, IBM ask whether you opt out to their dividend ?
Dispute is on the arrangements of opt outs. IMO. We should have the court order in a week or so.
Not sure you are right. In the 2008 housing crisis, main cause was the subprime mortgages. People who didn’t qualify were provided with housing loans under the name of low-income-family housing support. So they ended up in big trouble. Now they are encouraging people who can’t afford 3% down payment to buy property, it is extremely high risk.
I am sure they are building another housing crisis unintentionally. Freddie announces an assistance of $2,500 to low-income families earning less than 50% of area median income. This will help Freddie to achieve the 2023 affordable housing goal set by FHFA.
They are encouraging people who haven’t learned swimming to swim. Many will end up in trouble. I support low-income family housing though.
I see, thanks. 2004-1 is not a good choice.
What about the face value of $100,000 ? Do you mean it has nothing to do with the face value ?
Face value for 2004-1 is $100,000. How do you come up with the calculation of 1,060.3 shares.