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gawd, how much further down can the PPS drop if they release a receivership recco. i hope it goes down to 1 buck...i will loan the fu@K up on shares with a 65% shot of it not happening.
thats not true, AIG common stock holders got 55% conversion to the new stock.
what companies got bailed out after the 2008 collapse but the common shareholders got zero? I cant think of any but there could be
FNMFO took a beating WTH is going on with that
anyone else notice all the negative articles related to FHFA and Treasury wanting to have the housing system go back to the same old system. IMO this is great news for us
reincorporate mean to get out of govt control....very simple.
what is the reason we haven't heard any word on housing reform from Mnuchin or Trump?
I would like to think if he wanted to dissolve the GSE's we would have said so at some point. We know Mnuchin has publicly stated he wants to get them out of govt control....does that man receivership / give away the market to banks.
Banks guaranteeing bonds puts every depositor at risk!
Do preferreds win in a recap and release scenario???
are we sure? that post wasnt detailed
NPR was doing a piece on the new housing reform saying it would alienate community banks. Pretty sure the Dems will be against any change
he talks to mnuchin all the time
that is an old article, it was done before they agreed on the 3b capital buffer
hahahaa now that is perfect timing
no kidding, we could go down to 1.25 tomorrow and on Thursday if we end in the green up 1.27 we would have happy emojis and kumbaya's
Anyone know what that yuuuge 4m order is for? that is someone with some knowledge put that through
whoa, what is that 3.5m trade? FNMA has a 4m trade as well? is that a buy or sell?
there are 1.2 billion shares out there and a couple of million traded on some BS news heavily manipulates the stock. There is no definitive word on where the GSE's are going and quite frankly we have 4.8 billion reasons to believe the PPS will be 10x higher than current price
The first thing Mnuchin said once being nominated as Sec Treasury was he wanted to get FNF out of govt control. It wasn't I need to end FNF....
Keep in mind his relationship with the people who currently run FNMA. Read that last line again. If you don't know look it up
The only news we have is bad and that valuation put the stock at $1.85. We will go close to that in a day or 2....however we could shoot straight up once we hear the shareholder portion of the draft....if you sold at 3$ and share good luck getting back in at that low pps if we hear anything good
My preferred a better be redeemed at close to whole or I am going to be pissed
Man o man this stock is getting crushed Fml
I am in the same boat, personally I am hoping the FNMA lobbyists* (* because HERA outlawed all lobbying efforts by FNMA but we know the hedge funds still do it) will do enough to prevent receivership. Our common stock will at min convert over to something.
Be patient and hope for the best
A spot of good news I found out, it would take corker and warner 60 senate votes to be able to push the GSE's into receivership. Reconsiliation cannot be used for financial reform like this and will likely not pass with democrats strongly opposed to this measure.
I am currently down 33% on my FNMA bet and REEEAALLLY dont want to lose all of this money. I definitely recommend buying the $50 preferred shares to hedge your common bet.
I dont care what is happening with the receivership talk and would be shocked if this actually took place. If they really wipe out all common shares after letting them be traded....SHEEET IDK. that would just be unfortunate
no kidding, he is willing to give up the penny warrants just to stick it to ackman. I just don't believe it. Mnuchin will never let it happen.
It just traders reacting to negative news out of corker camp....same people selling right now will be the first to buy cheapies once we hear MNUCHIN's recommendation.
Does anyone know the exact process of how reform can happen? Is this a house to senate to POTUS type deal? or can POTUS/ treasury act?
IDK this is crazy. how far down can this thing go on no PUBLIC news??
I put my faith in Mnuchin.....this red cyclone bomb is alarming but I’m still holding
Mnuchin has full unilateral authority to do whatever he wants to with FNMA
Someone explain to me why they were allowed to retain 3b each if mnuchhin just plans on putting them into receivership????
Mnuchin will never go for a plan that creates a competitive mortgage securitization Market place. He know this is what led to the previous market and led to the collapse. Banks need this for liquidity and nothing more
Commons are not getting screwed,. Penny warrants will be worth 20$+
Let's get this straight,. Fannie Mae retained 3b and the jumpstart gse expired in 2017 but our share price went down .... Something ain't right
That is probably the case. Look at AIG for a template IMO. Commons will get .55% conversion and preferred gets converted at some capacity.
That's for damn sure. Jumpstart expiring and mnuchin will though. I wish I could trade this stock better but I just know one big announcement and shares will be impossible to buy at anything close to current pps. That FOMO keeps me here. Now I have converted all my fnmat and fnmas into fmccl and did quite nice.
Assuming commons are worth $20, you are getting 8x investment, preferred is 4x max right now
Absolutely There is no way the government is not going to make some money on the 80 percent of equity that they own the company. That in my mind is one of the main reasons that makes common safe and at a minimum has a huge upside