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Phew, I am so relieved... lol
But is it a relevant distinction?
Was that a joke Stinkie? I prefer to think of Captain Steven Mnuchin, along with Cabin Boy Mark Calabria, steering the boat under the direction (sort of) from Admiral Trump... not easy to steer a boat while watching CNN
I agree, some of the situations where Treasury uses some warrants (20% 40%?) instead of giving back all the $25 billion in cash look very interesting...
lol, Trunk, you cannot buy a ticker in your online broker? Oh well...
Calabria is going nowhere, why would he be?
Or expectant?
Did impeachment hold up FnF?
Not wanting ANY bad press during the trial seems plausible.
Trump now appears bullet proof with his voters.
So fire away with RnR plans? We shall see...
I would take that as part of a larger plan which we knew the details of...
FHFA has no control over warrants cos they do not own them - property of Treasury and nothing to do with FHFA
Amen, all FnF securities will do great by a resolution
Ackman states the completely obvious, lol
Insight indeed
Let’s hope Tim is right about 2020...
I can confirm I said that - someone else: is Sweeney set for trial in 2021?
Nats, lol...
Not so funny:
"They should just issue the damn thing and fix it in flight in order to allow enough time for the comment period to be over so they can ensure its final before Congress or the next administration gets ahold of it."
Right, that is plain common sense -- which begs the question: Why are they not doing that? I would dearly love to know...
Curious if we see the draft rule in February, I really have no idea at this point...
Personally, I find the Tom Hank's conductor very creepy -- would not trust him...
Prefer BAD SANTA as a Xmas movie with Billy Bob Thornton
I have no powder left, all in for a while now... but I cannot complain since I have made extremely good gains already -- just want the next leg up lol
I would wait for the dip, there is always a dip -- real or manufactured...
Nats, too funny, at least she didn't put you in receivership -- or maybe all husbands are already there?
The details of the capital rule -- and just having the thing out in a timely fashion -- would cure a lot of problems...
lol, likewise, trying to be positive and think good thoughts about Director Calabria...
No problem, so many damn cases and postings -- extensions and extensions to extensions etc
The judges are taking the attitude of why run a trial if Treasury says they will deal with this soon? If nothing happens with Treasury's promises, THEN Sweeney and Lamberth go to trial
The AIG trial, win for plaintiffs, and award are things I keep in mind... trials are a crap shoot for both sides -- though I would not want to go to trial with Sweeney, given what she has said, if I was the Treasury/DoJ
You are on a 12 step to exiting your addiction, excellent. Here are some other steps that could help you...
Step. 4 -- think about what plaintiffs (holders of pref) will ask for in a settlement
Step. 5 -- think about how a flattened capital structure will be required for new investors to be comfortable
Step. 6 -- think about how Citi emergece was handled and the role of conversion of pref to common
Step 7 -- apologize to all pref holders you have wronged
Step 8 -- think about John Paulsen's fund raising for the Trump campaign
Step 9 to 12 -- research good exit points from common and entry points to liquid, and especially illiquid, pref series
Lol, did he speak to you in a dream? Where does that conclusion come from? On what data is it based (eventual share count, settlement details)?
Asking for a friend...
lol, another merchant bank? You think they will see it differently? God bless you...
Yank, you are very welcome here -- you always post interesting stuff with an intent to move the conversation along. I was joking about Carlos...
We have hit a lull, I agree -- people are all talked out, we know the options now pretty well, so we wait for some ACTION.
The courts have gone into stasis -- SCOTUS punted till a decision on Celia in June/July, Judge Atlas has apparently taken the Federal Judge's life-time appointment perogative of simply doing nothing on a case, Lamberth and Sweeney have set trial dates so they can see if theTreasury resolves this so they need not sit ... Basically, the judges are waiting to see if FHFA/Treasury are going to act as promised, kind of sensible really
So, we are now waiting on Treasury and FHFA --
Calabria has lost all credibility in what he says having talked out of both sides of his mouth AND set innumberable deadlines which he has failed to meet. We need a capital rule draft before anyone takes him seriously again.
Treasury and Mnuchin? Where the hell are they? If I was John Paulsen I would be asking about promises made to fix FnF at the fund raisers with the President I am hosting. I am beggining to think Mnuchin is the issue here...
So, right now, this is a show me story -- with nothing to show for a good few weeks. If Feb earnings come and go with nothing new, time to worry...
You would think - but FnF will be small potatoes in the election imho - going to be very, very nasty regardless... FnF will be lost in shuffle, so why not do it?
Good chance they might - we see by Summer
You got to be in it to win if they do...
Niners, baby... red too tho. But red and GOLD
Ah, who would have guessed? Lol, have a good night my friend - I hope we all make out like bandits...
Doc, I put this through Google translate, it says...
JPS conversion coming so buy pref ASAP
Is that right?
Amen to that
Why do you the Two Weeks Weasel will do that? And today?
Yes, too much thinking, and worrying, and thinking and worrying -- often better to get something done, rather than nothing, THEN alter after experience to improve things
NOT a man of action apparently -- LOL
The Two Weeks Weasel yet to deliver a draft capital rule...
The other typical move is giving endless presentation -- that is what academics do. They talk and chatter, rather than acting. Why he needs even more advisers, god knows. The FnF funding stream means he can spend and spend -- all without producing...
Feb earnings reports, and a week after, for a rule release... otherwise time to get worried about Mark "The 2 weeks weasel" Calabria
FAIRHOLME 14mil out of 480 milliom of their Prefs!!!! OMG!!!!
LOL -- 3% --- :)
Kthomp, that makes very good sense, thanks for the insight - I will dial down my pessimism till after earnings... if nothing by then, hmmm
I agree they are in same boat which is why pref moves strike me as bad news
John Paulson needs to get on the phone... ;)
Pref price decline, imho, says this goes past election -- the momentum money that came into pref for a settlement and resolution BEFORE the election is exiting
Looks like some people have lost faith that Calabria and/or Mnuchin will move this forward before the election -- and they don;t want risk of Dem administration that will do everything differently
Maybe those folks are wrong, but the pref prices say "This goes past the election" -- I am staying since who knows? But not a great sign
I don't Mark "2 weeks" Calabria will release a capital rule in February, contrary to his many assertions to the contrary