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Doc,
I don't recall anything like this. Please enlighten. Thank you.
Is tomorrow our day to see the plan?
FNMA and FMCC reporting earnings on the same day (never seen that before) just before new FHFA head testifies, Wall negotiations end /shutdown govt then a 3 day weekend #fanniegate -perfect backdrop for halting the stocks while announcing recap and release on Thurs AM.
— Trump Trade GSE Preferred (@IndependentFHFA) February 12, 2019
Yes, she does.
Where did you get that info?
That's a year old.
Maxine Waters asked Otting to send her a copy of his plan.
She may have made comments. I don't know.
Gov has stolen enough of FnF money.
I say sell the warrants to FnF for $.000001 or about $10,000
There is a big difference between exercising warrants and selling them.
They could sell the warrants to FnF who then turn around and:
1) Give some to existing shareholders
2) Sell them on the open market quickly capitalizing themselves
Not much volume with this rise.
If this reporting is accurate, it is like we've always said. FHFA/TSY get FnF out of cship (reformed, ugh) and congress can work on housing finance reform until they're blue in the face.
The judge can rule that the gov't must return all the stolen money to FnF.
It was Watt's plan to roll out on June 3, 2019. Looks like there's another plan.
A reputable financial analyst firm will value the commons once we're uplisted to nyse. Preferreds are valued at $25 and $50
None of the below will happen.
Preferred shares (debt) do not have voting rights.
So far, JPS have not been paid dividends for 10 years. If it takes another 5-10 years before they pay dividends, who's to say they won't be cancelled along the way?
Good one
No. They DeMarco delisted them a few years later saying they were trading below $1. FMCC was trading at $1.23.
That may be the plan.
Let's just get rid of FHFA
We could uplist tomorrow
Cship and NWS are ending. Click on the pic and read message at bottom.
Step #1: Otting ends the net worth sweep any minute (shortly)! $fnma #FANNIEGATE pic.twitter.com/4kJoGceaCw
— As Soon As Practicable (@MattWildy) January 30, 2019
Click on pic, read note at the bottom.
It all happens Friday.
We can thank Marketwatch for yesterday's dive.
This thursday it will be 2 weeks since Otting talked to FHFA employees. He said 2-4 weeks he would release plan.
This is all about a last minute grab for cheap shares.
A couple of possibilities with option 2 - FnF purchase the warrants from government and A) Sell them on the open market recapitalizing the $150 - $200 billion Otting said they needed, or B) Giving some of the warrants to existing common shareholders for their loyalty to FnF during cship and they sell the warrants at profit
No recording of Otting meeting. Just this statement.
https://www.marketwatch.com/story/fhfa-acting-director-discussing-plan-to-take-fannie-and-freddie-out-of-conservatorship-2019-01-18
It could happen.
Calabria will be a person of force.
"Calabria has already said GOV players should be hauled before a judge and that plenty was done in violation of the law in his expert opinion. "
As a FHFA Director, Calabria can bring RICO cases against all those who conspired to harm systemically important national institutions and the economy. Calabria can haul Bo, Hank, Tim, Ben, all previous conservators, fellow travelers before judge and make them confess to their crimes.
FnF preferred shares are non-cum, ie they won't get past dividends, and they are non-convertible, they won't convert to common shares.
Patswil, using your same formula, with a pe of 10, arrive at almost $95
Just trying to be conservative
Otting does not work for Waters or Brown.
Matter of fact, at this date, FHFA is an independent agency.
To facilitate our Committees’ oversight of FHFA and the Enterprises and to ensure that any action taken by the Agency will continue to meet Congress’s direction, we request that you provide our Committees a copy or detailed description of the mission that Treasury and the White House have outlined to which you referred no later than February 1, 2019.
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=401734
Waters and Brown REQUESTED that Otting show his plan.
Probably will.
This could have been a Christmas or New Year's present.
The government shut down before Christmas and all the comments to the plan weren't done yet.
We'll see when the plan comes out and what it contains.
They are absolutely related.
Otting said that there were a few comments that couldn't be applied to the plan because of the shutdown. What to do? Open the government and get the comments applied.
If Trump and Pelosi can't compromise, likely the government will be shut down again.
Gov't won't exercise the warrants but they do exist.
FnF could purchase those warrants and:
1) exercise them on the open market raising the $150-$200 Billion Otting said was needed over the next 6-18 months
2) give some warrants to common shareholders for loyalty reward to FnF
Imagine waking up Friday morning with the plan in place. Plan executes at market open at 9:30, plan document goes to Waters at 10 am. lol