Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Maybe you get to dust that list off before too much longer ... and tell about the different levels of the list.
Hopefully they have the balls to right this ship ...
Rule of law!
Correct
Perfect!
Semantics. There is no real demand over the last number of months.
Right now, there is no demand to sell into. Next theory.
They lied.
But Trump has asked, and I think he (Kelley) agreed, to stay at least till 2020.
Rule Of Law FHFA head is what we need !
Way due ... and for a pop over $5 with no looking back.
Nope. It’s the real deal.
Common and preferred should, for the betterment of us all, combined on a plan to force/lead our Government to realize that the populous are only benevolent as long as the elective/ruling bodies reflect the ethics of those who put them in “power”. "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
I’m no Ave Joe, but ... Funny post on a day where the preffs are down a lot more percentage wise.
Safe and Soundness ... Hahahahahahahahasnork!
Yea, reorganization might be used very loosely in this case. Its more like what to do when FnF are ... Wrongly put into conservatorship. Wrongly taken advantage of in conservatorship. Wrongly left to languish in conservatorship. And by “wrongly” as in illegal, once a SCOTUS ruling is brought down ... (That is IF FnF can ever get a ruling going against the previous courts that were incorrect, cheap, pathetic, weak attempts at rulings)
You are very correct ... this is not a normal reorganization.
There is no liquidity in the case of FnF. They are flush ... cash positive.
Definition : Converting Preferred Stock to Common stock typically occurs in the case of a liquidity event. Preferred shareholders commonly have what is known as a Liquidity Preference, which gives them the right to recoup a certain dollar amount before Common Shareholders receive anything.
There is no liquidity event.
Greed!
Speaking of Miami Beach, is the sargassum grass still coming in?
That’s my thinking too. Calabria wrote it. Knows it’s being wrongly interpreted. He doesn’t necessarily like FnF, but he will follow HERA as it was meant to followed.
Not a chance bud
Yelp ... To da moon!
Thanks
Coolidge ... a great POTUS for the middle class and smaller government. The elitist hated him ... sounds like somebody making history right now.
Many people on this board have expressed a view of how these lawsuits are never going to play out in a good way. Without the lawsuits, the government would have steam rolled over the all of us a LONG time ago. They are and have served a meaningful purpose for ... large & small, preferred & common shareholders. If not for being persistent, this would faded into the woodwork long ago ...
Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent.
So says...
Calvin Coolidge
Correct ... they don’t have to reinvent the wheel. Just stand it up, give it a nudge and let it roll.
The administration knows the shareholders were wrongly treated going into (they lied about the health of FnF) and staying in so long (to drain the cash cow). Just look at a number of past tweets from Larry Kudlow (Trumps Top Economic Advisor) ... he may not be the one who makes the choices, but he does have the ear of The President. He viewed FnF negatively until he read Morgenson’s investigative report.
Nobody knows what’s actually going on at the top level.
Larry Kudlow
@larry_kudlow
Read whole Fan/Fred story @gmorgenson @nytimesbusiness. Obama Treasury, Justice, FHFA all lied to shareholders thru profit sweep. Incredible
Larry Kudlow
@larry_kudlow
Shareholders @FannieMae @FreddieMac really were screwed. @gmorgenson @nytimesbusiness
Even Mnuchin and Ross spoke of how the conservatorship has been way too long.
Hear! Hear!
Ha! Y e l p
Ok ... Now I’m REALLY jealous! Damnit, where’s my Visa card.
Mine showed a picture of Navy’s three computer monitors.
Amen to that!
And then some
Oh ok ... I’m with you buddy. I’m saying they got paid back and then sum. I want the over payment back and the warrants cancelled.
spewing worse case scenarios?
What are you even talking about?
Yea ok ... it was “bail out” money. Whatever.
Yea ... the warrants were put in place as collateral if the loans weren’t paid back.
The loan is paid and then some.
Warrants, as collateral in normal business dealings, should be null and void after loan zeros out.
But who knows in the pseudo “business” arrangement that was put in place under duress from the feds to back door save TBTF banks.
From seeing her pictures, I’m sure old Mel has already looked over the landscaping.
Go Bit€h!
My thoughts exactly!