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Moelis was a bait and switch plan.
Who took the bait?
P holders who are holding on to the end.
No Moelis.
The Moelis plan is to benefit preferred shareholders at the expense of common shareholders.
Moelis is not going to happen.
Indeed, it's over.
Owners, ie common shareholders, won.
We certainly did win.
Losers are those who think preferred shares come before common shares which happens in a receivership.
FnF are rich. So will be common share holders.
AJP process can be thought of as a plan for a utility.
Yes GSE Hannukah is coming along with AJP
I doubt it.
Amending the SPSPA is the simnplest solution.
"We will soon find out"
Interesting since FnF are nowhere near bankruptcy.
What is mostly likely happening is a pump and dump of p shares to sell while commons are shorted for a low buy-in.
5 bagger is a significant understatement.
You're absolutely right. Pumping warrants is no more than pumping p shares and bashing c shares.
Unbelievable to be talking warrants at this point.
P shares on a pump and dump, just like impho.
https://finance.yahoo.com/quote/IMPHO?p=IMPHO
Congratulations Latergator, it's happening again.
Thank you Tutt. That's the one. I didn't see a budget for FHFA in there.
The announcement does not state what the topic will be about.
Okay. But I found the Federal 2019 budget a month or so ago, there was nothing in there for FHFA. CFPB was there and they have the same organizational structure. My guess is the components of FHFA that remain are rolled up under another agency already, such as HUD. IDK
I don't see anything in there about FHFA 2019 funding.
That is a year old
News articles and FnF refer to Regulator, not Conservator. FnF are being regulated like a utility. Federal 2019 budget for FHFA cannot be found because there is no budget for FHFA anymore. Small team of regulators.
Is this because of the elections that Mnuchin must act before end of year?
Regulator for Fannie Mae, Freddie Mac lifts mortgage loan limits
https://www.marketwatch.com/story/regulator-for-fannie-mae-freddie-mac-lifts-mortgage-loan-limits-2018-11-27?mod=newsviewer_click
This is coming to an end soon.
Many here will not be prepared.
Commons cancelled has a patented algorithm.
How precious is that?
Berkowitz's Fairholme fund is fading as his investors begin to look elsewhere for investment opportunities other than FnF preferred and Sears.
Preferred holders wake up.
Guess who's buying the millions of common shares.
It's FnF.
Volume is up because Berkowitz is dumping his shares.
Better get used to it.
Prepare for more down days like this.
Best of luck holding your ankles.
At least there is something for you to look forward to.
Trying to convince others with an 8 year old out of date opinion shows there's no current info that supports receivership.
Receivership has been off the table a long time.
Ever think of the value implications for extreme profit?
Is there a battle?
Must hurt to own preferred stock when a major holder dumps his shares.
We know Berkowitz dumped a large portion of his jps holdings.
Paulson made a ton of money forcing people out of their homes.
Berkowitz requesting mediation with the government is the "I give up" signal.
Agree YanksGhost. Great Post.
Freddie Mac Junior Preferred FMCKJ Experiences Flash Crash Below $1
While, Freddie Mac & Fannie Mae Common Experiences Flash Hallelujah To $12.15 AND $19.57 !!!
https://05144061112034367742.googlegroups.com/attach/1aba506388fe9/FMCKJ_Flash_Crash.jpg?part=0.1&view=1&vt=ANaJVrGrEOpDhZr3wyReejDihQJeL9cUEVDVkcHXaNz3hPtvB0kVTK26roqoQ3ceLiCkCGbyYLWSrFyfy5uNREKXmhjcyeRk7aBwFHZy2fcbVrFY9hWLsvc
https://05144061112034367742.googlegroups.com/attach/1aba506388fe9/FMCC_Flash_Hallelujah.jpg?part=0.2&view=1&vt=ANaJVrHg25elpBKNGked-kYasTD-rTDLoS1Lep-VZLsQpYb500Rhr8h-OAtTBF4wJDA8Y-ySD_gPSxdC543eKAHH_P3GfOYAKoC2hA6cvBuEsCV083wfQGE
https://05144061112034367742.googlegroups.com/attach/1aba506388fe9/FNMA_Flash_Hallelujah.jpg?part=0.3&view=1&vt=ANaJVrFjjOYNrOLzLqJLERSTPe6CDydHYsIqNInSN-41wibiTu_61gD-GYl4vZtc-Uv6KD4ZVk2L2qpVgIiWcEBXye3TenY8Emlyu-DIdUdMYXbWg7zP098
Please explain why Bruce Berkowitz rotated 30% of his p holdings to cash and got shot down on his mediation request.