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kthomp - 100% false yet again ... there is no way for you to assume anything. At SCOTUS, everything is on the table.
That being said, I bet the warrants are repriced significantly higher and the total will be significantly reduced to below 10% of the total float.
If anything is left for Biden, it will help Trump’s supporters and indirectly, I’m certain, himself ...
Mann - if FnF were allowed to exit conservatorship in 2012 without the illegal NWS, FnF are due roughly $120 billion because they never would’ve incurred the extra annual 10% dividend for the next 7 years.
The overpayment is in fact over $100 billion, not $30 billion.
Bradford - if the warrants are used, how much you want to bet the terms - .0001$ execution price and 79.9% total of float - are significantly amended to the benefit of FnF?
This needs to be stickied plz
See Fence’s post - plus you may want to review the first set of exhibits about halfway thru the cap rule.
Happy - I don’t think the below is true ...
I know we’re havin fun with Mnuchin havin a decision. I bet the plan has been in place when the cap rule was originally proposed. This is one big master plan ... chess
Happy - shorting fnmas, o and t because they don’t get a dividend until capital buffers are met, which is years from now.
Paulson and Ackman both know it ... don’t be the one without a chair at the end of this ...
Prefereds are dependent upon a dividend to drive their value. Commons are dependent upon a P/E.
Don’t overthink and buy into the jps narrative ... it’s every where for a reason. Frankly, this is the only stock ever where I’ve seen so much focus on preferred shares ... media pundits coming out of the woodwork left and right ... takes deep pockets to run that game ...
Don’t say no one told ya ...
TRCPA, Fence, Louie, etc, who took the worst post off? Self-removed?
Shorting FNMAS, T, and O on Monday. I’m hearing PSPA deemed paid, nominal warrants settlement, retained earnings and possible JPS conversion in 2022. I think JPS are already overpriced, hedge funds know it and are rotating into commons to not spook the market.
Ackman and Paulson are on the same page. I’m betting JPS will drop 15 to 30% from current levels.
Not a recco
Doubtful Repubs lose both seats in GA ... all they need is 1 Rep and one guy is ahead by enuff ... plus, I think there is Dem fatigue ...
Along, I rarely reply to ur posts ... but they have taken on a more serious tone ... “why sooooo serrrioousss?”
Fence - u can get in serious trouble posting that info ...
Did Fredo Gasparino actually say “trust me”? Klassic tell ... wow ... i think he just like trolling, honestly ...
Chaser - see Homebrew’s prior message - explains it all ...
Exactly Homebrew
Don’t MMs short to get shares and help make a market? I’m not entirely sure I’d fully rely on those numbers as market direction ...
Another 5 to 4 ruling - Amy Comey Barret turned the tide. An opinion for us could be rendered relatively quickly ...
https://news.google.com/articles/CAIiEOZWhgSYEjPIOVBV5MWS3OEqGQgEKhAIACoHCAowwL2ICzCckocDMP2lqQY?hl=en-US&gl=US&ceid=US%3Aen
You sure Calabria can hit, let alone, see a ball? Hopefully he was able to take the towel and mint from holden in the bathroom post round ...
I luv me some holden walker also - it’s a carnival - or a madhouse a la chuck heston
Plus, I thought it read the appellants (WaFed plaintiffs) said “now” it is unnecessary. “Now?”
Guido, and the question is why now? Was WaFed “tipped” to make the request by the gov?
Unless someone tells me there was an order that wasn’t followed, why ask now? Why ask to unredact something when it is known it is privileged.
Strange ... and a lot of coincidental things happening ... is it really just coincidence?
It will be filed after business hours ...
Navy - so ruskie aircraft carriers aside , is that a prelude to unsealing all of the privilege documents?
Is this why Parrot is so nervous? Hopefully he gets sanctioned and some more legal cases are filed against him ... FBI investigation would be nice ...
I'm sure it won't get to that but maybe this is the prelude to showing everyone everything to justify a big bang release with just compensation?
Like a 40$ per share Gaby fortelling?
Who knows ...
Gaby again ...
Gaby Heffesse
@GabyHeffesse
·
Oct 30
Had a dream last night that Admin did a crazy move and sent GSEs to $40.
Is it that crazy, Gaby?
Per Gaby on Nov 19 replying to Walker who is 100% jps and can't hedge his portfolio ...
Gaby Heffesse
@GabyHeffesse
·
Nov 19
I’d add CRPs to that list but my feeling is the PSPA amendment will be a good day for common. A write down is the most logical move for many reasons at this point.
If i may make an s inuendo also?
C_Dumpster ... as in Commons_Dumpster ... hopefully not crossing any lines ...
U have to admit, that meme was funny ...
Miyagi - yes, under equity, my mistake, I meant to say liabilities
PSPA being removed takes significant dilution off the table ... that can help in creating a windfall ... the cap raise time horizon is the other side of that equation.
Interesting times ...
I guess I need to work on my communication - we’re on the same team - my only point is the CARES act $ may not be used (heck yes i want it to be and posted as much when the news broke).
My other point is I don’t think we need CARES act money. We could do DTAs, or various other ways to help out ... emotions are def running high ... i shuldve known better than to put a non-soup de jour post out there ...
Miyagi - I don’t know ... there are a lot of scenarios ... i have been saying for the past few weeks at a minimum
1) the pspa needs a 4th amendment deeming the pspa paid in full and the nws cancelled
2) consent decree release
3) capital restoration plans
First two need to happen before jan 20th - number 3 can happen later
Repayment, etc, could be forced upon a Biden treasury post SCOTUS after than June 2021 (could be sooner)
Not sure about the warrants - I think ACG, based on a Metzner tweet (i know its thin), will be provided as compensation in some way to Treasury for the full pspa “cancellation.”
As for the PSPAs, it’s my understanding, they are booked as debt on FnF’s books. You take the $200 billion off and voila - FnF are in great standing - corrections welcome ...
Agreed - not sure why folks r lookin to die on a hill that doesn’t matter and isn’t needed ...
And guess what, Monte, if Yellen needs congressional approval in the Treasury Gen Fund, it stands to reason so does Mnuchie ... a lot of sensitivity out there these days ...
Miyagi, and others, not sure why you guys are disputing this so hard ...
You’re not one of those guys, are you?
Camaro - I’m going off of reports - allocation of gov funds is a benign issue from a reporting standpoint, therefore I choose to believe that Mnuchin can’t use those funds without congressional approval.
401k, I posted the same as you the day the news broke. Then subsequent articles intimated Mnuchin would need congressional approval. Not sure Mnuchin can unilaterally use those funds ...
Dj - since when has Trump cared about the media? It starts there ... the optics of pulling the funds from the Fed was horrific during covid - you really think Trump cares?
It was so bad the Fed (Powell) immediately rebuked the Treasury, a very rare occurrence. That was done at the behest of Trump and maybe Sr Repub leadership. Mnuchin will stand next to Trump until the end.
Ackman and Paulson are Trump supporters and were gold tier contributors ...
The contingency plans have been in place for a long time ...
Pretty sure they need congressional approval to allocate those funds ... this will get done soon - the main questions are:
Does Trump and Treasury care about settling Collins?
- If yes, then PSPA deemed paid in full and NWS cancelled - PSPA cancelled
- If no, then does Trump and Treasury want the PSPA completely written off?
What does Trump and Treasury want to do about the warrants?
- ACG believes warrants are the “grease,” so I’m assuming gov gets, say, 30$ billion to make this happen. How, who knows?
I’m assuming one transaction to net it all together...
Anyone attend the ACG update yesterday?