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additional Charters
Somehow the subject of additional Charters for other mortgage providers may be on the negotiating table. I believe that to be a mistake.
That would have to be approved by congress.
I just hope that it won't be a condition for recap & release.
pref to common shares conversion basics
How the Conversion Ratio Works
The conversion ratio represents the number of common shares that shareholders may receive for every convertible preferred share. The conversion ratio is set by management prior to issue, typically with guidance from an investment bank. For Acme, let's say the conversion ratio is 6.5, which allows investors to trade in the preferred shares for 6.5 shares of Acme stock.
The conversion ratio shows what price the common stock needs to be trading at in order for the shareholder of the preferred shares to make money on the conversion. This price, known as the conversion price, is equal to the purchase price of the preferred share, divided by the conversion ratio. So for Acme, the market conversion price is $15.38 or ($100/6.5).
In other words, Acme common shares need to be trading above $15.38 for investors to gain from a conversion. If the shares do convert and drop below $15.38, the investors will suffer a capital loss on their $100-per-share investment. If common shares finish at $10, for instance, then convertible preferred shareholders receive only $65 ($10 x 6.5) worth of common share in exchange for their $100 preferred shares. (The $100 represents the parity value of the preferred shares.)
however, preferred shares
are exempt from that policy
Doubtful if any mention of GSEs
until congress reconvenes. That happens Sept. 9
Give it another week or two after that.
obviously sellers are banking on
a long, drawn out resolution to GSE c'ship/recap & release
In the meantime the capital finds a better place to grow
POTUS is leading the effort from behind
the same criticism was also said of Pres. Obama about certain issues, but Trump is no difference concerning this issue in particular
Why? Who knows!
Perhaps he would rather the courts do the work for him, but that says nothing of his leadership.
It appears that Mnuchin would rather the courts do the heavy lifting, too.
No one wants to get on the bad side of the banking cartel.
yes
that is correct, too
you got that right eom
pyche ops
Mark Calabria saying all the "right things" w/o much of a chance that ANY of it will come to fruition. What a sly motherfricker Continue NWS to December? Propose congressional co-op changing GSEs business model? Mr. Slick steven mnuchin is behind it too! Too freaking sly! ha ha
bad news sells
it mentions two things in particular: "likely"
and "opinion"
that sounds reasonable
private placement comes across too much like the treasury department picking winners
it may be expedient, but odds are it won't happen
yes, it's an incredibly stupid idea, but
the GSE issue/case has been a miscarriage of justice for a very, very long time
one would think Sweeney is not so dull witted as to not see things as they are with Parrott's, Stedman's, Wallison's, DeMarco's involvement behind the scenes
Franking, justice was miscarriaged ... and the government itself is gaming the system
that frustrates people
Sweeney is an asshole not to understand that
it doesn't matter what Calabria wants
the changes he wants can only be approved by congress
Ed DeMarco was acting director
as long as Mel Watt was appointed director
thank you very much for the update
he's willing to listen to opinions, but he's got the expertise
he'll pull the plug on NWS
it's not a really big move, but it's a start
FNMA $ he can use for the wall?
he said Mexico is paying for the wall
if you would like to contribute that is fine
but don't volunteer my $
what are you smoking dude?
where can I get some of dat stuff, too?
now even navy cmdr talking trash!
wtf! lol
Moelis uses facts, also
whether that plan or some variation idk
but that's a point of reference
can't dispute that
could be
but so long as the price stays above 50 day moving average, np
oops
p/e of Sallie Mae which is about 17 too
ticker SLM I believe
Quote: First, Treasury won't want to cancel both the seniors and warrants. They want even more money than they have already gotten, and given their veto power
eh, are you speaking for the Treasury department? That's quite an assumption.
Mr. Ackman isn't buying into that scenario, either. Moelis' estimates also surpass yours.
The capital structure of the companies will determine the value; the p/e, I would guess, will be similar to Sallie Mae.
ending the nws will catapult the equity ... that will be the next bump up ... to what level I dunno
DeMarco had a lot to do with the fraud ... he had plenty of help from Treasury & Stegman, Parrot, Wallison, Pinto, etc.
go by the tech analysis/chart; new floor/support is $2.70, i.e a higher low.
get a grip, it's going in the right direction
the cap structure is not known yet, and the shares can't be priced without knowing that.
Like the last bump up, I can see another small pull back; the next bump up will be when the twins retained profits
even then I see the upside @5 -- since the capital structure hasn't been defined ... the value can't be ascertained
And how will the twins be capitalized? warrants?
I can't see existing shareholders being undercut by any method the GSEs uses for capitalization .. that's crazy
it's only money ... lol
Treasury's counsel sounds very sharp to me, but wooden. In the context of the whole some on the panel see the light, but if the case is interpreted in the wooden it will be close.
Thanks for the the technical info