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They will handle employees stock purchases
It will be an eye opener when it is realized that Moelis is not the plan.
Good to know.
With FnF restructure into an LLRE, the JPs can be left in limbo.
No, it is not worthy of a sticky.
"”Vacateur, which is a five dollar word for invalidating the NWS.
The simplest way of implementing this would be to simply
eliminate the senior preferred held by the government and give
the GSEs credit for taxes of about $19 billion, which would be
the same result as if the payments made by the GSEs to
government after the NWS had instead been made under the
original terms of the government’s investment.” "
Because there won't be any more dividends.
Preferred guys have their own board, but can only push an anti-common guys agenda on the common board.
Nice and quiet, end the nws. For all we know there has been a letter between Otting and Mnuchin ending the nws.
On dividend paid date there would be a 'tbd' for the qtr, then once paid the actual paid date is entered. This is why it seems the nws will not happen.
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
Calabria was scheduled but senate did not get to it.
Gains look solid.
Anyone have a link to senate calendar so we can check to see if Calabria is on cloture today?
The Treasury / FHFA can amend the contract.
We can assume that common shareholders will vote to cancel the warrants and the sr p shares.
Big money will come in, very soon it seems.
But what if there is no dilution? Cancel warrants and SR P shares and Calabria can get the job done.
Well then, let's cancel the warrants and relist by rules.
Calabria, once confirmed, can act on behalf of BOD and uplist.
Could not have said it better.
If Cloture on Calabria this Thursday, maybe confirmation tuesday March 19.
Thank you for your insight on schedule.
Easter holiday week.
Thank you.
Why Thursday?
Absolutely.
DeMarco said he delisted FnF because they were trading below $1. Very irritating since Freddie was trading at $1.23
Maxine Waters x Wells Fargo Hearing
https://video.foxbusiness.com/v/6013028589001/#sp=show-clips
Live stream of hearing:
https://www.c-span.org/video/?458687-1/wells-fargo-ceo-timothy-sloan-testifies-companys-business-practices&live
Need to uplist off of OTC for the buy volume to mean anything.
What is the P/E of SIFI companies?
Nothing but good news ahead.
All the profits from the Treasury get put back in. Did you catch that?
Thx Doc
I didn't look at the timing of the article.
Thanks. Gasbag probably does not know more about the timing of anything better than we do.
I missed it. Please summarize who was talking and what they were saying.
The meeting is about banking, not FnF
Otting is listed on the iib site as attending at 2:00
https://cdn.ymaws.com/www.iib.org/resource/resmgr/2019awc/2019AWCProgram22.pdf
This is from the ncsha.org website. No Otting at any time.
It was fake news that he would be there.
https://www.ncsha.org/event/2019-legislative-conference/agenda/
fmcc shorts got the memo
https://otcshortreport.com/company/FMCC
You forgot the others who "profitted", the owners of the stock before the "bailout" who depended on the dividends from FnF, which is why they put their retirement money into FnF in the first place, to pay for their living expenses in retirement. Those investors lost everything.
Re-Listen to the meeting replay to hear this important message for fmcc common holders: I believe this ruling signals an alteration of capital classifications and risk-based capital requirements whereby regulatory capital is less based on Basel III and becomes more based on a specific enterprise's individual, unique risk profile. More simply stated: if the GSEs were designated SIFI, their regulatory capital could be way less than other non-bank designees whose systemic risks were different.