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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!
Still just one plan by one group.
Should have read... May the shorts soon be filled with sh!t.
May the shorts soon be filed with sh!t
Need to get some popcorn for this show
I hate Moelis. Jus sayin!
It would seem to be something to write home about ... but the market doesn’t seem to care ... Yet!
The ONLY item that would need legislative action is to have the charters revoked. Everything else is can be judicial or executive.
I wonder if he’ll bring a date.
Glad you’re back!
“Some similarities”. If there are, and there has to be, tweeks to the “plan” to get more higher ups and stakeholders on board, then I would guess Prefs get closer to par and commons get a far greater reception back in the normal stock arena (ie. NYSE). ??
What’s your guesstamation of mkt price? Given all things know at this point.
I usually like to stick it around Ackman’s estimates of $23-$47 with the warrants in place.
For commons, Moelis is a joke. Mnuchin mentions housing is a priority (remember that day so long ago) and common jumps up to $4-$5 range. And it traded around $4 many times before that ... sooooooo, all this time for a double. Meh
As Trump would say
Hope he’s out soooooooon.
Woohoo!
Yes ... Congressional is doa. Judicial has an outside chance, but needs a court ruling going against previous rulings to get to SCOTUS. Executive is the most likely end game.
Emboldened by Their Successful Deplatforming of Infowars — Democrats Start Push to Stamp Out FOX News!
Looks like the democratic left is heading towards Goebbels in their view of controlling the news feed.
Jack @ Twitta must be running ihob too.
That’s just wrong. I enjoy your post. I’m sure lots of the readers here do too.
True. Looks like today’s “Big Brother” are tech giants.
Great stories. Just wouldn’t want to live them.
So “1984” and “Fahrenheit 451” are good roads to go down as a society?