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Did she seriously call munchie a lame duck secretary? She also basically flat out said, cat man you're out 1/21/21.
The PSPA amendment is definitely moving forward. Munchie won't take **** like that.
I say 4:30pm on Monday is launch date.
Would you rather sacrifice 3 years so that you don't have to grind for the next 30 years.
Or would you take the safe way and grind for the next 30 years.
If option one fails, then you grind for 35 years...
Consecutive red days... is that a signal to continue accumulating?!?
I was going to stop :|
If this whole boat sinks after 1/20/21... I will continue accumulating until 2028 if I have to.
HA HA HA HA HA
Have you ever seen a portfolio with just ONE position?
You staring at it.
That's it? I'm disappointed because that doesn't even sound like new news to me... where have I heard this before?... Oh right... its because Paulson said it himself in his own damn book. Fought 12 years to unredact this? Should've just quoted his book. =_=
This whole SCOTUS progress/advancement is a total charade... It did not progress and get taken up by them because justice will prevail but because the powers that move the world decided it was time to do so.
Unredacted Washington Federal brief text highlighted in light blue. Enjoy.
https://twitter.com/HoldenWalker99/status/1333941373993619457?s=20
No rest for the wicked. Munchie on TV today.
You know what... the better question is, after all this capital is raised the full 280B.
WTF are they going to do with it? It just sits underneath their mattress? Or will it be gaining a return somehow?
Put 280B on tesla for a year?! Or maybe put it on bitcoin...
Or is it just a boring savings account with .01% return rate haha...
Actually... for the capital rule is the total number based on CASH or is it based on NETWORTH?
Prediction 3.28
But if the munchie runs his mouth positively... maybe 3.78?
I hope he is being conservative at $10 ...he has stated earlier in his thesis a range o $23 - $42. That is what I am holding for and hopefully when new pspa and consent decree is done where we can be released and re-listed and true value given. That will also depend on what they decide to do with the warrants.
S&P 500 Market Cap is $28.5 Trillion - FMCC will be $80 bn - 0.28% weighting. Index funds and Institutional investors who track the S&P 500 will purchase 40 to 60% of the float not to take basis risk against the S&P 500. If FMCC has $ 25 bn in RE by 6/30/21 and JPS is converted for $ 21 bn ( with warrant settlement), Institutions will need to purchase almost 100 pct of new equity issued. Dribble any shares from exercise of warrants into share offerings overtime.
anything to push us down
https://twitter.com/HoldenWalker99/status/1331271454206414851
but you cant stop Elons rocket
Not much time left until 12/9... should definitely see some sort of move next week if not this week!
Should I continue to accumulate or start loading up on cash for optionality.
HMMM
I don't think dividend rates on the preferred stock matter because I don't expect any to be paid or for these terms to factor into conversion terms. I expect that because the conversion terms will be determined when settling the Lamberth contract claims, the value of those claims will drive those terms and those claims are par plus a fixed percentage interest straight line since the time of the net worth sweep. An example would be par plus 6% per year from 2012 to present or 8 years so about 148% of par. I am not even sure if Fannie preferred are better or worse than Freddie preferred based on this capital rule.
dang, i have to pop a beer now but im still working :|
15m VOLUME wow...
BOOOM! Crazy volume yo!
I am double minded on the hearing. If we go for a hearing, we have to wait till April and bear all the manipulation u til then. For me it's so tiring and enough is enough with the intentional pegging down. I would like to decide, give it back to the companies decide on how they want to raise money and move on... So sick of this OTC crap
The question now: What is next?
PSPA, Scotus, Possible Settlement, and Consent Decree.
ROLG thinks a settlement has to happen for the PSPA to be amended. The PSPA has to be amended to allow for the binding CRPs. Do all the dominos fall now? I can't believe that since Brickman would've stayed. Corrections welcome if I got the above wrong.
I'm still curious to understand Dave Metzner's warrant tweet ...
If you're an investor who hasn't touched FnF, you start to nibble as the starting gun just fired.
I will wait patiently for my generous rights offering for existing commons.
I don't think they're going to dilute current Commons I think they're going to leave them sitting on the OTC as they carry too much baggage from 2008 and an SPO would have a hard time delivering 300 billion dollars in an offering... with the time Gap over the last 12 15 years there'll be a likely fresh new class of Commons with no direct link to current Commons... Current comments to be sent out to pasture Imo
Even a broken clock is right twice a day.
It seems that FMCC is undervalued in comparison to fnma at the moment. Am I missing something?
He has 68 Days left on the Job !
Then he will be Fired on Jan 20th.
I am 100% certain Mnuchin will make this happen now.
How does Calabria unilaterally convert JPS to commons without a shareholder vote?
FnF not being actually bankrupt is irrelevant. Calabria already said that FnF's exit from conservatorship will be treated like a normal bankrupt company's exit from bankruptcy.
So while FnF aren't technically bankrupt, they will be treated as if they are. Calabria said that conservatorship is essentially administrative bankruptcy. Therefore being in conservatorship is the same as being in bankruptcy. Close enough.
The juniors are the fulcrum right now, and that's where the big money will be made.
There will be no decisions made until after the dust settles from the election results because there are just so many options. Some of the doors must close first before choosing one.
Regardless, a decision must be made not the last minute before 12/9 but most likely at least a week or so before then. Then if you want to play higher orders of thinking then you should make a decision even earlier than theirs.
Buckle down and hold steady. Accumulate if possible, there is a feeding frenzy going on right now.
Do not lose conviction in the 11th hour as cryptonator would say (:
Capital rule comment letter.
Is Sheila C. Bair against exit cship!
That’s the point!
Do you plan to live in the cave forever?!?!
THE MINUTE WE EXIT CONSERVATORSHIP.
THE BAIR IS GONNA GET THE BOOT.
Thanks sellers! I needed some cheap shares.
That's some serious manipulation haha.
It boomed to the downside, lol, i think Yanks is correct, we will bleed towards a dollar per share until the end of the year
Rules don't apply when in conservatorship and in OTC.
Regardless, this may be the last month or so to accumulate at these prices but I am waiting patiently for a larger load around election date since Yanks predicts it may be more favorable then.
Both Fischer and his co-plaintiff Reid were common shareholders, only. By recollection, Fisher had around 3000 shares and Reid had around 30,000 shares in their derivative action fili
Capital Stack o Capital Stack...
Some of these JPS have horrendous rates paying less than one percent.
The argument is no new investor will come in until the capital stack is cleared... but my question to those who think so is:
If the plan is to clear the stack and then later on issue new prefs, why would you clear the less than 1% JPS and then turn around later on to offer ones at a higher rate?
Imagine if you were lucky enough to have a mortgage with less than 1% interest rate. WHY ON EARTH WOULD YOU EVER PAY THAT OFF EARLY.
The smarty pants out there will say the new investors don't care because it just dilutes the commons and doesn't affect them if it gets cleared beforehand.
- But oh it does. The higher rate for the new JPS in the future affects ROIC. Future EPS will be lower.
I would leave it in perpetuity. Has nothing to do with JPS vs Commons. Pure unadulterated capital allocation decision.
Govt Warrants should be offered to existing commons (: