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Good with whom?
Hmm, not sure I agree. But the utility of coming here is going down, since we now know the next steps.
Next real news is late March when we see (I hope, or it is over) Calabria's capital rule. That will tell us some things by inferring from the details to whether FnF will be financially viable.
After that, June for Seilia decision -- SCOTUS strikes down consumer bureau will strike down FHFA and give Treasury a judicial ruling providing political cover (finally), so maybe after that we see a settlement, SPSA amendments, JPS conversion and release under consent decree
So late March, then July, before anything really happens here -- so the now news means a slow decline in common share price as usual.
Probably I won;t be around so much till then...
(The coronavirus may or may not be here by then, and 2-5% of the population may be dead or dying, so that will mess things up - and Calabria's slow walking will have blown it...)
I thought KThomp's responses were quote simple, clear and convincing -- not sure why anyone does not understand or even agree with them
But there we go... different perspectives, different knowledge, different evaluaations, different investments
All good
LoLoL back at yah, ;)
Thanks for the laugh...
Kthomp, you have half the prefs converting to common at a price of just over $6 a share. Is that what you take the SPO price to be? care to share your thoughts on that? Thanks
This deserves a sticky since it would definatively end the NWS and provide Treasury all the political cover in the world to move forward with RnR, cos they have to send the money back...
There is too much politics mixed up in the del to know what the hell happens, but the higher up the capital structure you are then the better. Plus having a contract with a face value is one hell of a comfort going forward...
Going to be red again today...
I would agree about trusting the regulator, for example is there really any utility to CRT (credit risk transfers) which seem to reward TBTF counter-parties whilst delivering little risk coverage in a real downturn.
But the regulator is put in place by law and the specific regulator confirmed by congress... so we are where we are
A Reverse Split (RS) does not increase capital, it just changes how much of the existing capital accrues per share by changing the share count
FnF need more capital says their regulator, so they need to issue more shares for they are paid NEW capital, hence raising their capital -- those could be common shares or one/more kinds of preferred
Red week unless we have some positive news...
I do not believe he will sell, I believe he would put in proper blind trust.. but we shall see (maybe)
Bloomberg gave the shorts the tool they needed, bet the short volume is high again...
Very simple -- Bloomberg's business is with Wall street so he buys the Wall street story of his TBTF clients -- Bloomberg wants to see Wall street profit and prosper. These are his customers, NYC friends.
Thanks Guido
Bloomberg whacks the price -- the newspaper hit peices were not working any more, so Mike had to run for president to whack FnF effectively once more
You cannot make this stuff up...
Skeptic, in 2020, you are right that the government is in charge of the timeline -- their choice whether to RnR or not.
In 2021, the courts will finally have their say in 2-3 trials -- Lamberth, Sweeney and maybe another if we are lucky...
Time to get her done
One lesson is that hope drowns out a lot... maybe not a bad thing
Maybe KT invested in FnF prefs when they were 25 cents a peice and so has now got a hugely valuable position.... posts a lot cos it is a lot of his net worth?
Interesting. Bloomberg says Trump cannot get it done - was there ever a better way to make this President make sure his minions get it done?
Thanks Mike... this is an upside...
Read the full press release or article on it.
ALSO said would work with congress unlike Trump admin, is going to leave GSE’s in deep freeze where his TBTF clients want them
Disaster - GO BERNIE!!!!!
Welcome back Mr. Maloni, glad to see you are well and your input is always valued by many of us
Bloomberg took the site down -- massively funded campaign now taking aim at RnR... gulp.
No other candidate mentioned FnF, but Bloomberg now wants to merge it all and "get back tax-payer money" in press release citing Parrot paper... All the creatures coming back with Mike
So, now we have real election risk for GSE's -- will this mange to motivate Calabria to DO SOMETHING? Bloomberg will can Calabria's ass on day one, btw
Stinkie, holler less loud, may hit 3 otherwise lol
the Dem establishment is ramping up to stop Bernie, it will likely be Bloomberg they use to do that so, yes, Bloomberg could be the nominee
I hope so too, but Calabria is slow walking the capital rule release -- end of march, really? After a year in office to work on it...
Calabria needs to get this done by April 1st or we all need to start making token Bloomberg contributions or find out what Bernie will do with FnF -- cos Calabria choked...
Here comes the election risk - red week as Bloomberg outlines plans for FnF
Calabria is trolling us with this:
Year ago today was my confirmation hearing...seems like yesterday pic.twitter.com/7IselRioyZ
— Mark Calabria (@MarkCalabria) February 14, 2020
lol, the ostrich investors only hear what they want to about the warrants...
Not going to change what happens, but the head in the sand stops them worrying for a while...
Correct, no news usually means slow deflation...
Interesting, must be the Kavanaugh news...
Trading is halted!!!!
...for the holiday
More like Judge Kavanough' clerk, lol
Such nonsense....
They want MORE competition not less, so they won’t merge...
A whacko never quits lol...
“Unfavorable court decisions”? What? I must have missed those - it has been win, win, for plaintiffs by my count...
En banc appeals win in Collins
Win in Sweeney motion to dismiss
What did I miss?
Laughable rumors indeed. Going to be very profitable for FnF investors in the real world - no need for people to make stuff up...
History? History suggests another big SP flush or two...
Ok Dorothy...