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Since you are still emotionally attached to this, I would suggest you buy in again and this time buy the shitbird pfds. (i do own the same)
2 months, 4 months, 5 months??? forever??
If you heard Sandra she clearly said her tweaks will still result in capital requirements above $300B about $20-$50B less than calabria.
1. She is not capable of making any major changes to anything including capital rule.
2. You keep on saying capital rule capital rule capital rule capital rule, How many years she needs for her tweaks.
"how is a court to understand the anguish of 14 years of turmoil?"
Courts wont and IF we win say in Jury trial in July, Pfds will get Par Plus 6%/year since NWS(2012).
Thats a big IF, because we have nothing to show so far.
No court is going to admonish FHFA/parrot/demarco for what they did.
You are absolutely correct in what you said.
I have been invested in this for so long now, i just dont feel like spending too much time in combing through all the stuff thats posted here.
So i just see pertinent information to our cause, i may or may not agree with it.
This list does not block the posters who i disagree with but just helps block some noise.
I reply to you, so No you are not on list.
List does not mean i am smart (i invested in this crap). All this list does is filter out some noise.
"chock full of looney tooney" I do have a mute list if someone needs it.
nothing, just press delete and go to work.
Superheroes with "-20decibels to -50 Decibels" level hearing are the reason i spent 10 years in this POS and still stuck here.
Sandra in confirmation hearing said following about release
1. Congress needs to act for release to happen (this was said multiple time)
2. Weather they would be private or public and for utility model congress need to act (this was said once)
3. When pressed harder that where in HERA it says she needs congress for release - she said yes she could release them as they are when capitalized. This was said EXACTLY once and clearly showed this was not her preferred choice.
So, Why is she pressing for #1 and #2 and does not want to consider #3?
Who even told Sandra about #1 and #2, even though her predecessor never talked about them. Calabria always said he is following HERA and if congress does not act he is going to release the companies as they are.
Exactly. Bradford is just making stuff up or is delusional and desperate to prove himself correct.
Yesterday when i asked does Sandra understand "sps conversion" he replied that she does not have to Its Treasury/JPM/GS job.
But he forgot they do need Sandra's signature. So she would just sign off anything that JPM/GS present to her?
Probably not, Candidates like Watt/Sandra are placeholders only there to collect paycheck and not to rock the boat.
Everything is couple months away always.
he is smart with his open ended predictions.
Last i remember is "nice bump on Sandra nomination hearing" or was it "November to remember"?
does Sandra know what "spspa conversion" even mean?
Lockhart: "Improvements made by the previous FHFA director to make it easier to exit conservatorship are being undone. "
Lockhart: "The current administration has shown no real interest in ending the conservatorships."
Jim Lockhart - guy who put them in conservatorship: "Take Fannie and Freddie out of conservatorship before it's too late"
https://www.americanbanker.com/opinion/take-fannie-and-freddie-out-of-conservatorship-before-its-too-late
Bradford says thats worth $5,000 only.
TH: "And on January 13 she told the Senate Banking Committee that if confirmed as Director she would view her role as “facilitating,” rather than initiating, Fannie and Freddie’s exit from conservatorship, and would look to Congress to pass reform legislation first; that is the long-standing position of the banking interests, and if actually adhered to would take us back to where we were during the first three years of the blog."
I had posted 5 months ago on TH Blog that Bernstein is going to be key player.
https://howardonmortgagefinance.com/2021/06/28/an-unexpected-ruling/#comment-24686
govts fault, Supreme court fault everybody elses fault
not just 2022 entire term of Sandra Thompson is going to be a non event same as Watt. Only exception would be any court rulings along the way
"Conversion could come at any time." Are you making stuff up?
if they dont then with warrants and other dilution current common will be 7-8%.
Too many if-elses in this shitty stock
lawyers are idiots, Treasury/Govt/FHFA are corrupt. We keep on blaming everyone else except us. No one wants to believe we are invested in shitty stock that wont go anywhere anytime soon.
When will people realize that they are bagholders.
Seems like Patswill is worried about dilution. If senior pfds convert current commons will be 0.1% after everything is said and done.
no one cares
are you Bradford?
See Bradford lying on Tim howards site. “call ‘em as I see ‘em.”
https://howardonmortgagefinance.com/2021/10/19/comment-on-ercf-rule-amendments/comment-page-1/#comment-25966
Someone show this to Glen:
CFO Tim Howard’s prognosis: “It now seems highly unlikely that there will be any administrative release of Fannie and Freddie from conservatorship for as long as Thompson is the director of FHFA.”
so its MM's fault. got it.
looks like somebody dumped JPS today
Listen to Bradford and buy some JPS.
Bradford: Sandra Thompson will reveal her superpower/backbone after confirmation of her nomination.
He cannot be more wrong, we expected same from watt and he turned out to be sleezy, inept, bootlicker, minion, obama stooge...
I believe Sandra Thompson will turn out to be same as watt except she wont be licking tatoos of her juniors.
so you agree with Parrot and Sandra Thompson view:
"well-capitalized GSEs into government-owned utilities"
Jim Parrot and Sandra Thompson are in agreement:
"That is a good deal closer to government ownership than private ownership, so the next administration could decide that it is easier, and better policy, to simply convert the well-capitalized GSEs into government-owned utilities. And this is indeed what several of us have proposed as the best course of policy.”
yes Jim Parrot. Interesting comment by some user on Tim Howard blog:
Thompson: “…There are a number of issues that Congress will have to address, specifically, if the enterprises exit conservatorship will the companies be private, will they be public, what form will they be in?”
This all reminded me of some Jim Parrott statements from early 2021:
— In a January 2021 Urban Institute paper entitled The Trump Administration Plays its Last Cards on Fannie Mae and Freddie Mac, Parrott near the conclusion wrote: “…at the end of this, taxpayers will wind up with an interest in the GSEs equal to close to half a trillion dollars and warrants on 79.9 percent of their common equity. That is a good deal closer to government ownership than private ownership, so the next administration could decide that it is easier, and better policy, to simply convert the well-capitalized GSEs into government-owned utilities. And this is indeed what several of us have proposed as the best course of policy.”
— On Tim Rood’s On the Hill podcast on April 1, 2021 Parrott said (at ~ 21:48): “we may be entering another stage in this debate…we’ve been in the stage of the last 4 years…where the Trump Administration was…the focus was on…getting them ready to go out…getting them back into private ownership…and all of that…my sense is that’s going to change with this administration…so it will be interesting to see what the ‘title of the next chapter’ is going to be”.
#1 gives treasury additional 19% for $236B(or whatever the current liquidation preference is).
Parrot will say its not a good deal and liquidation preference is funny money.
plaintiff lawyer can say whatever, does not mean govt will yield.