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(FNMA) restructuring questions and answers
1. Will investors have any rights during restructuring process?
Answer: status quo
2. Could common shares become diluted during restructuring?
Answer: yes
3. Is it possible that common shares are canceled during restructuring ?
Answer: yes
4. Would a shareholder be able to exchange old shares for new ones if that is the case?
Answer: yes but these new shares however likely will be fewer in number and lower in value.
Conclusion: GSE wind down is scheduled to take effect this year. If restructuring is to take place at this time no one can say what will be the outcome for current share value.
I'm With Holly No quick fix in 2017 Tic Toc
time is running out
"While there is a lot of pressure being put on the new administration and lawmakers from hedge funds to act quickly, I am skeptical that privatizing Fannie and Freddie can be done at a breakneck pace," said Ben Keys, assistant professor of real estate at Wharton School of the University of Pennsylvania.
"In short, there's no magic wand to wave and privatize these enormous entities, especially when there are huge transition costs, including costs to taxpayers, and there isn't much political agreement on the long-term role of the government in the mortgage market," Keys said.
"This privatization should not be taken lightly and should not be done at the fevered pace of this administration's early days."
Last seen (FNMA) headed south as profit taking sell off confirmed. Panic investors crowded exits while PPS plunged in heavy volume. Today's action will be an indicator of what to expect next week due to the fact that companies slated to be restructured have little to no value until terms are determined.
Top (FNMA) blogger and highly respected board veteran concur NWS could continue through 2017. Money is needed to fund infrastructure repair not fund greedy shareholders new Sports car or boat. Temporary PPS increase will prove to be just that after sell off and profit-taking tomorrow.
Might be a good idea for those who have waited months looking at a huge paper loss to take advantage of this gift and get out before it's too late . Please remember " if you are saved from the lion do not be greedy and hunt it".
Top of the Mark here folks last day of green red right around corner. Friday sell off starts today as many start to realize GSE reform did not make hundred day list.
Stock market at all time high but not this turkey. Those that don't know any better will say it has doubled since the Inauguration. PPS once was over $70 but not anymore. It hasn't recovered because it won't ever recover not in this lifetime buddy.
GSE reform is at bottom of list . In fact it did not make the list at all. What is on existing list is 2017 schedule Fannie Mae wind down.
Day late and a (FNMA) dollar short? You should expect nothing but it has been mentioned in the past investors Who purchased shares pre 2008 after wind down and lawsuit settlement could expect as much as $.25 per-share establish fair market value.
Expect the (FNMA) can to be kicked down the road while PPS slowly drops back to $1.90 per share. I hate to tell you this but in the new president's contract with the American voter in first 100 days does not mention GSE reform. And I don't want to hear about GS slickster because he hasn't been confirmed or laid out a specific plan.
I'm with Chuck and Liz "Mnuchin got the bank cheaply and the new bank illegally threw homeowners onto the street."
And if Mnuchin was greedy, so were his partners, including John Paulson, another liberal billionaire who gave $15 million to a left-wing housing activist group called the Committee for Responsible Lending. George Soros, another liberal billionaire, was also a Mnuchin partner in the deal.
http://dailycaller.com/2017/01/15/exclusive-how-chuck-schumer-caused-bank-collapse-dems-now-blame-on-trumps-treasury-nominee/
Why so private investors can make money with taxpayers taking the risk. Didn't you watch the hearing? That's clearly not going to happen in fact I'm hearing they are going to start dusting off the NMRC signage and put these cash-strapped monstrosities down.
Hard weekend to hold over. PPS party is clearly over as many realize wind down is less than a year away.many once vocal pro shareholders are in hiding waiting for other shoe to drop.
Will close at LOD then tomorrow
splat hints of new plan will be revealed and according to some experts investors won't be happy.
Big worry expected next two days. Flimsy house
of (FNMA) PPS cards could crumble during intense
interrogation for nominee as early as tomorrow. Anyone
invested will be glued to monitor nervously with finger
twitching on sell button at the first mention of
restructuring.
Gee that's some swell info fella but real news is SHORTIE LIVES and thrives this week as downhill PPS (FNMA) snowball picks up speed. Expect massive grilling on Thursday for GS slickster who will fold under pressure regarding possible conflict of interest. She's heading back to $1.90.
Could be trouble on the 19th. Expect volatile trading hinged on every word spoken. More details regarding (FNMA) restructuring will be revealed. Many possibilities exist with restructuring including dilution and yes liquidation .
Time is not on investors side (FNMA) with this one
In fact time will run out on the 19th when hopeful investors
house of cards will start to unravel. Some knowledgeable posters
on this board have speculated new TSY Secretary is indeed going
to screw the pooch on this one. Hedge funds will be made whole
while retail will get the shaft. New short position to be announced
this week.
They are going to throw the (FNMA) baby out with the bath water on the 19th when this whole ugly mess will be exposed. Intentions for the GSE's future will be discussed and all my chips will be on the outcome that will not be favorable to shareholders. Probably a good idea to be the right side on this trade. I know I will.
Let's be sensible about this and discuss the other possible outcome. Have finger on sell button if he mentions existing shares will be cancelled and new shares issued during (FNMA) restructuring.
I'm with James liquidate these monsters. Top notch editor from highly respected wall street news publication helps put one of the final nails in (FNMA) coffin. Thanks for Sharing.
Tell that to Pre 2009 GM stock holders
You could have the same thing happen here. Old sacks gut call will probably save him a lot of money.
Gee that's some great info fella
I guess no one cares. Last time I checked stock will be
down 4 days in a row.Looks like $3.64 will get retested
here shortly.
Wow Freddie is getting pounded. I guess it's just a matter of time before that happens here.
I saw that but it did not move PPS. You don't think it could be rigged do you.
Gee that's some swell info fella. PPS didn't budge. Not only that scope must be pointed in wrong direction that was Freddie news.
Patience is key here. I think that five dollar mark will be a good point to consider new short position if it can even get there. Should be a major plunge a roo back to the $3.90 level at that point. Please remember"when Rich there is time to think all day when poor there is no time to think"
I will be afoot and lighthearted after I short Fannie Mae gloating and carefree waiting for my big payday. Many will say 4Z you are my hero when I cover my (FNMA) short a little over zero.
Wind down clock starting to tick louder and now that we are in the new year(FNMA) it is a even bet at best at this time next year existing common shares could have little to no value. But on the bright Side if favorable court ruling share holders that bought before 2008 could receive established fair value of $.25 per share.
Who has the (FNMA) balls to hold over weekend. Not too many as indicated by PPS drop. Looks like bottom of trading channel ready to give way. Not looking good
Holy Moly I never saw this coming
The steady decline in the home ownership rate might be among the most pernicious.
http://www.marketwatch.com/story/the-ownership-society-came-and-went-a-long-time-ago-2016-11-21
What's another four years it will go by pretty fast. New President needs cash immediately for all infrastructure repair roads bridges hospitals etc. highly unlikely (FNMA) cash cow giving up anytime soon.
I'll take this one guys. Well respected board veteran here. Price is already baked in for that (FNMA) anticipated event. What causes concern for many on this board is what he means by "restructuring " . Some experts have stated "shareholders will not be happy".
One more (FNMA) day and PPS party over. Major profit taking sell off to start the new year right. You can set your clock to it.
I have a question for my(FNMA)friends on the board
here. I have to return to my homeland for
a family function on the 1/18 but my flight wont
return to US until 1/22.
Do you guys think Ill be OK?
http://abc7.com/news/daca-immigrants-warned-to-not-travel-after-trump-inauguration/1651332/
Looks like she's setting up for another run. I think I'll let her fatten up 3 days then place another stellar short for big profit heading into new year.
That's because (FNMA) train is headed downhill and you are right PPS decrease speed will increase. No news expected until inauguration and by then common share price will have slid to around the $ 2 area .
I have been hearing that same old $30 this year story for the last eight years.
It has gotten to the point where it is like the fable the boy who cried Wolf at this point I just ignore it.
Yes trade was closed for a minor loss. Are you happy. As you know I believe in full disclosure and I disclose I am a little troubled. I am regrouping and will (FNMA) comeback as a winner next year.
Watch and Learn
Who has the fortitude to hold till next year? (FNMA)
Not a good sign and bad luck trying to carry unresolved problems into new year. Best to start fresh and wipe slate clean. Re-evaluate situation over long holiday . Most will realize it will be time to move on.