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So how are you feeling?
Good?
Bad?
Neutral?
WOW. I guess the "bankistas" won as per Tim Howard...
Nonetheless this DOES mean that we have not been forgotten and there will be movement coming.
https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/14/president-biden-announces-nominee-for-director-of-the-federal-housing-finance-agency/
I don't think its feasible to redeem at the moment when its concurrent with the large capital raise.
If we are able to retain for another ~3-4 years I would say redemption of JPS would be on the table... but for now the fork lift is too great and I think conversion is on the table.
Most likely something will happen within 12 months. But if nothing happens and it drags on longer than that... the longer it drags on the better the commons will make out.
It is to my understanding that based on precedent from the Meritor case that Hindes was part of... The US govt will be penalized if they lose the case... something to the order of 6% interest per year.
The kicker is that if they settle beforehand... they can nullify that interest penalty.
From how it is looking, there will most likely be a settlement. That's at least where I'm placing my chips. Administrative reform we go.
But you understand that the JPS in its current form needs to be dealt with right? Cannot just leave them be.
If we drop 50% it'll be because she bought back in.
Already past that... Incoming volume.
LoL, people aren't really understanding basic accounting huh.
This is like the cherry on top. Release from conservatorship is the whipped cream below that. 5-10 years after release is where the cupcake is.
+15% across the board today from the class certification win?
Holdenwalker stopped holding and walked.
As long as we get released and we don't get wiped out... I'm fine to be honest. You know that after about 8-10 years, people's memories start to fade... new administrations come in and out... FnF will rebuild their lobbying to new heights at some point.
The true golden goose egg is at least a decade out from the release date.
Two articles within a week. He must be excited.
Yeh, the Trump letter gave him heart issues.
When the trading halts happen, you'll know!
Amelia took one for the team and called it quits. By the forces of how the universe works... Trump released his letter...
If wiseman took one for the team and called it quits, pretty sure we'd be at $20 a share.
If bradford called it quits, I think we'd hit $1000.
Take one for the team?
I've changed my perspective... The court cases are all distractions.
This will be an administrative solution.
- I believe what was it? Craig phillips interview. They couldn't stop the NWS early enough and then they ran out of time along with other distractions...
- The fork lift from A to B was too great for the last administration.
The lift from A to B right now passed/close to the tipping point. We are right about the retained capital mark for even the moelis plan. Not that it would follow it but as of this moment... This administration now has options.
Options weren't very feasible previously...
You know that its defintely going to rocket up because you called it quits.
Anyway upcoming agenda:
- Spending bill passes through senate by 12/3/21
- Spending bill goes back through house by 12/10/21
- The Biden signs sometime in December
- FHFA director nomination ~January
- FnF earnings late Feb
Fundamentals are improving even though share price does not reflect it. Think about the situation FnF is in currently vs 2008 or even 2012.
Gasbag literally said he doesn't know what actually went on in the Munchkin's head... All he knows is what she said, he said went on in Munchkin's head. In other words, his news report is purely just based on conjectures.
I don't disagree with the conversion... but bro you really gotta swap out of those low interest ones and get into the higher interest ones.
I would say that all of the JPS most likely will receive a haircut... some will walk out with a mick jagger length one...others will get a crew cut... and then some of the unfortunate ones will come out looking like a shaolin monk.
New bradford article coming out tomorrow it seems.
I'm pretty sure they're all effing around with us... Every single year they propose something that will reduce the deficit and each and every single year without fail the total debt increases.
Dripping lower... Maybe we'll hit 80c again before thanksgiving
Apparently on page 6... The values of FHFA are
FAIRNESS
INTEGRITY
ACCOUNTABILITY
RESPECT
Face palm?
Indeed. Unfortunately the letter agreements prevent them from doing so. They all say that the SPS need to be taken care of prior to all else.
Just a plan of action depending on what happens so that I am already prepared when it does happen. Just so I'm not caught having to think about what to do after the fact.
As of this moment, the JPS are a really good value which is what I've been buying... but if it goes up 100-200% as you predict... that may be the end of my shopping.
The scales probably will tilt towards commons if this drags past the midterms.
Should start tagging britney in all of the tweets... I'm sure she'd be sympathetic. Maybe she can be the face of free fannie and freddie.
Yes, we all know that. Apparently FHFA needs to hire a third party company to tell them that.
LOL
Do you remember sometime last year when Calabria tweeted asking why his executives at FnF were leaving? It was because executive pay is capped and severely hamstrung while under conservatorship.
This is FHFA attempting to 'answer' that question. But... we all already know the answer...
No action today... might need to contact Pfizer for some help on getting it up.
Otherwise, maybe sometime next week when spending bill comes for votes.
Even broken clocks can be right twice a day!
The art of negotiation. Start your ask significantly higher than what you want and by the time all talks are done/over with... you'll end up right where you wanted it to begin with.
Want 150B. Ask for 330B. Get 150B.
Most likely yeah, tax loss harvesting. It is near year end.
FNMAH is 25 par
I do hope you're right about having a good thanksgiving.
1.10 by end of day Monday.
Let's watch this pop on Monday since the bill went through. Maybe Bradford will be right finally.
His shareholders would not permit.