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Three questionss...give a yes or no.
Does each quarters addition to capital require less capital to be raised?
Does a lower capital rule require less capital to be raised?
Does government canceling ANY of its holdings require less capital to be raised?
It's pretty straight forward and simple process.
You're a bulldog Guido! Glad you're on our team.
Capital is building by billions each qtr (2-5) & capital rule will be lowered. What's left to restructure? They've been restructuring the businesses for 13 dam years! So you're saying after FHFA supposedly fixing these companies for 13 years they're gonna release us and say ooops, we need to fix more stuff. Lmao. I don't think so..... they have said many times certain cap levels would need to be met BEFORE release, so were is the need to do anything at all with current commons or jps? It's only a matter of what government does with their holdings. If they do the right thing, all is fine. If they decide to get greedy, we are all somewhat screwed, won't matter what you're holding. The goverment is an equal opportunity screwer.
Absolutely! Send that to Q-tip
Another one who does not know the difference between a chapter 11 and a conservatorship.
Please look it up and stop the false claims. No one has said chapter 11. Calabria insinuated, long ago, it may resemble a restructure. He's gone, irrelevant and his opinion counts for squat cause he was fired.
Please post one article that quotes anyone (FHFA , treasury, congress, or Senate) saying this is a chapter 11 reorg. If ya can't, stop the nonsense.
Agree.
Robert, with last nights Virginia outcome democrats are going on a hell bent socialist spending spree now. They saw they have no mandate last night and are now really scared that they won't get anything socialist in that huge bill. Pelosi just added paid leave back in which was pulled out due to Manchin, so she'll probably add back more...my guess. She is now purposely trying to get the GOP and 2 opposed moderate dems to kill the bills when the time comes so they have: a big bad boogie man GOP and 2 traitors took your freebies away, to campaign on. Won't work, people are wiser now. I hope!
But this doesn't bode well for us most likely, because now we will be nothing but a repeatedly raped piggy bank again for different socialist housing policies like this one you have informed us about. I expect more and even worse to come. We are in a bit of a bind until midterms, which I thought/predicted was going to happen months ago. If midterms flip both houses, they will definitely undo much of this social welfare via fhfa if they can via HERA congressional powers. Most likely though, right now, the Biden apointee will run rough shod over the GSE's because it will be one of very few things Biden will be in absolute control of up until both Senate and Congress flip.
Our salvation will be if the new Senate and congress get mad enough, they may finally legislate to release us, which is in HERA and FHFA/Biden would not be able to prevent it. Once out the companies, if free from FHFA , we could drop most the BOD like the garbage they are and start looking at a possible CEO replacement via shareholder and new BOD vote. That will truly get us on the right path.
ALL JMHO.
Wishing you and your wife wellness and a long life.
Only in government, where lapdog yes-men are appointed to positions they have no business being in, willl a moron comment like this...so proud and honored.....lmao to be part of the steal. What will these appointed BOD lackeys do when it comes time for release? I for one will vote out everyone possible on the first shareholder vote. No doubt FHFA, if they do a consent degree, will most likely try to protect all the bod positions. Then, hopefully more law suits get filed. They'll have as much trouble letting go of us as a first graders clutch on their parent, on their first day of school. Lol
Every shareholder here should take note of this installed BOD. Previously, I think each GSE was required to have like two or three goverment appointees. We should fight that and try to get it down to one if not zero. Why? Because what good did it do for us last time to have government appointed bod undercover agents? Which is exactly what they were. Those that were appointed to the bod way back are probably still there, I have no doubt. They were probably instrumental in providing government the information they needed to do the illegal takeover.
That money disapeared into the Einstein black hole description aka as treasury/IRS, which have an army of other 85,000 agents, lawyers and accountants who can cook any book on this planet. We pay for that and that new gigantic spending bill wants to add 80,000 more IRS employees. So over 160,000 government workers in IRS alone. Look up populations of US cities and that IRS number will fall between the middle and top numbers.
Not hard to make 20 or 30 measly dollars disapear when your used to wasting trillions and have an army like that to cover it up. To them..20-30billion is like pocket change they found in their couch or dryer.
Nice. Good work on that posters part.
I hear ya. With every administration now it takes them 1/2 of their term (2yrs) just to get their crap together and undo the last admins policies. Then they start tackling a hit list of pet projects, of which we are at the bottom and constantly bumped down. They've spent very little time trying to do anything on this, that's the fact. Can we sue for that reason? Who knows. I wish one of the cases would put the government on the spot and ask them to show the courts just how they spent 13 years prioritizing our release! Lol, it would be laughed at because the story would show pure neglect mostly or major procrastination due to political stagnation and ineptness.
I don't want a rushed job either, but 13 years is rediculous, of course. The right administration could absolutely do this in 6 months or less. If that Hines article was followed purely on the cancelation of things we could be out, on our own and functioning fine in 3 months or less - very possible. I am still very skeptical on this admins capabilities, they have proved ineptitude on many fronts so far.
With government it's always about the greed quotient in every formula for solving problems in DC. They have their own greed compounded by the greed of their lobbiests and campaign backers. This is why nothing, no issue, ever gets worked correctly for us voters.
Mods please sticky this, so we can all grab it as needed for a template. Thanks
Right there with ya.
Lmao! Lololol
Maybe paste a public auction sign to the door after locking
Basically he is stating, instead of letting the regulator regulate(who was not answerable or fireable by the president at the time, correct me if I'm wrong). Hank is yelling: We Are Nationalizing!
I don't know about others here...but good, bad or mediocre on the release of our companies, I will commit to fully informing Joe public in the event that there is any attempt at a capital raise. I intend to mercilessly post the damming court decision verbage on everything I can muster to let any investor know the real fact of investing in the GSE political football. Easpecially if government has its grimy little paws in the GSE's via any warrant or senior or any other connection, if we are not set completely free from their plutocratic dictatorship.
Just as they harped and cried about enriching hedge funds and shareholders, I will do the same in smearing governments name on what ticker symbol board this ends up. That's how ticked I am at this crap....but I don't get mad anymore, time to get even.
That's great facts there Jog49. Why is it hard for the judicial to understand the government started this whole thing by pulling a 3 card monte on the GSE's to save their banker pals? So far, everything points to the branches being in cahoots with each other.
It's more a user-abuser-ship, fraudership, embezzlership, heistership, stealership, rapership, or intentional-bankrutership - but far from a conservatorship. Pick one or all of the above
Thanks for the updates! Much appreciated.
Awesome Guido. Gets the message accross
Agree with what you state. I believe we are the record holder for conservatorship, and yes, there needs to be a definitive time set from the beginning. This is ridiculous.
The media has not done its job also. If it had, we would have been out long ago. The politicians hate a good and honest reporting of facts and lies by the media, so they move quicker to avoid negative press.
The current DC group really must not care much at all though. I watched a youtube video of a congressmen railing against and excoriating the congress for a 26% approval rating and Senates 30%.
Feel free to twitter the heck out of it! Send them this link too.
https://www.usdebtclock.org/
Imagine if government needed TO RETAIN CAPITAL to cover its debt, 29 trillion and counting. Do we have 3% of that in the treasury to protect against a run on our countries credit, banks? They can only spend what is taken from us, hence 29 trillion spent out of thin air.
Ironic that both the GSE's have capital and can withstand a stress test when our own government would fail any honest stress test and is trillions in debt. Yet here we are with the government telling us what to do and not releasing us. It doesn't get anymore hypocritical than this.
Lol. That's probably not far off the mark for the current gang. Lmao
When was that? What year?
Thanks
Interesting article on the "We the People" petitioning site, which is no longer functional.
https://www.thoughtco.com/petition-the-government-in-5-minutes-3321819
Looks like we'd have to do a letter and research friendly Senators/Congress people. Logistics of getting as many shareholders to sign on would be very hard, I have no doubt, since even though there are many, they are not all on this board. Scattered.
We would probably need a letter signed by as many shareholders as can be mustered, first. Then getting it into the right Senators or congressmens hands that are not against our release.
Not sure if there is some other process or how else to go about it???
I wonder what it would take to get all of us shareholders an appearance in front of congress and senate, live, on TV, to state our case? It says in the constitution 1st amendment....The right to petition government for redress of grievances is the right to make a complaint to, or seek the assistance of, one's government, without fear of punishment or reprisals. We should have done this long ago and lined up a looong batting order of shareholders.
Embarss the crap out of these criminals.
Ever since Mad Max reared her ugly face and started with the race card talk, the Calhoun news died. That's par for the course with this administration. They won't hire the best, they'll hire the most politically correct race and gender required, woke individual.
Why I'd rather wait
What happened to your 0.50/0.30 prediction?
From wiki (below). It's clear what the difference between conservatorship and all the other terms being tossed around here....administrative receivership and conservatorship DIFFER! You can't have both. If you don't understand the last sentence below, you probably are solely a pref holder. TBTF! Means no liquidation without major upset to markets and economy, so not happening. Take away jps liquidation pref and what's left? Exactly, and those dividends won't be coming on until we hit captilazation free zone. Just like it says, shareholders and managers rights are assumed until release, when those rights return to the individuals. Why then would not the seniors and warrants? Government is neither allowed to own or invest in any company.
Conservatorship of organizations
In the United States, in some states, corporations can be placed under conservatorship, as a less extreme alternative to receivership. Whereas a receiver is expected to terminate the rights of shareholders and managers, a conservator is expected merely to assume those rights, with the prospect that they will be relinquished.[6] Robert Ramsey and John Head, law professors who both specialise in financial issues, suggest that an insolvent bank should go into receivership rather than conservatorship to guard against false hope and moral hazard.[7]
At the federal government level in the United States, in July 2008, the failing IndyMac Bank was taken into administrative receivership by the Federal Deposit Insurance Corporation (FDIC) and its assets and secured liabilities transferred to a specially established bridge bank called IndyMac Federal Bank, FSB which was placed into conservatorship, also by the FDIC.
Again, in the U.S. at the federal level, in September 2008, the chief executive officers and board of directors of Fannie Mae and of Freddie Mac were dismissed. Then, the companies were placed into the conservatorship of the Federal Housing Finance Agency (FHFA) via the determination of its director James B. Lockhart III, with the support and financial backing of U.S. Treasury via Treasury secretary Hank Paulson's commitment to keep the corporations solvent.[8] The intervention leading to the conservatorship of these two entities has become the largest in government history, and was justified as necessary step to prevent the damage to the financial system that would have been caused by their failure. Entities like this are considered "too big to fail
Gasparino??? Is he like that guy in the bible that walked on water? Lol.
Gasparino is a paid media hack who does what his few DC contacts tell him. Who knows who he is working for. I do not put much faith at all in media talking heads, lying hedge fund heads (they do lie, they're not in it to make you rich unless you're in their fund) or any other self proclaimed DC insider.
I give some credit to the ones who are pushing release that is stipulation and agenda free, mostly. Like howard, some good knowledgeable folks on this board, very small group of media people.
DC as in FHFA, treasury, president and courts can not be believed/trusted, if 13 years here has taught anyone anything, it's this. Until we get some folks with moral fortitude that get involved, I don't get too optimistic.
Remember also what B. Obama has been quoted many times in the media regarding Bidens ability.
Is this why we keep hearing all the stories out of the Biden administration about the GSE's?
Must be my radio, but all I get is spending bill cut, infrastructure bill held hostage and a few "lets go Brandon" tags.
Where is this release news you are seeing? Did you find your way into the WH and pull something with Joey's ice cream break to get a heads up?
You're insinuating bankruptcy though. Why make such stated fact without all the other facts being presented? Unless you are playing at some game?
There ya go!
Okay, so why are we not BK? Why are JPS showing value? Why do commons show value? Why did government take warrants also if all they needed was the seniors? Why have they not pulled the rug and said we own it all? If all they need was the seniors why concoct a law that says they can do anything, even without judicial review?
THEY need more than just their seniors because this was a farce from day one, and they knew it. It's why they weaved the tangled web that they did, but see how they've backed themselves in a corner?
Stating one fact can cause for unclear vagueness of the entire picture. You need ALL the facts, not just your preffered talking point.
The government owns 79.9% of shares, public 20.1. So they wipe themselves and also any and all foreign holders (China)? Commmmme ooon man!
Then they do what?
Advertise their need for hundreds of billions needed for first loss capital after screwing da pooch?
The current capital would need to be used to pay out current jps and commons, many of us would love that scenario because we'd be far better off than this bs. Government would not just be able to say that the capital is theirs now, things are different because many cases under the bridge and many to be decided.
Any mention or inkling of bankruptcy of the GSE's by treasury or FHFA would immediately tank the market 20%+ over days maybe 50%.
Really interested in how you see them doing this with no reprecussions.