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Letgo, you can't just letgo of that one. How in the world did you fly a 747 under the bridge?
January is going to be very interesting. There's no reason left for delays once 2018 hits. Time to move.
Senator's get zilch with average Joe plan. It's not even a plan.
There are other plans out there that help build a strong business and give back to the Senators and taxpayers.
Yep, it's not even worth that. Fake news is worthless, there is no price. I have the answer I was looking for in my own hands.
I took it upon myself to write to the SEC as well. They confirmed that the warrants are in fact legal. They were part of the original agreement by the board made back in 2008. It is not theft. What is theft is the 2012 NWS, but nobody has challenged the warrants in court.
The common stock ship has sailed years ago. Everybody knows the GSEs will not be constituted as before. After 80% dilution, the common has a ceiling of maybe 12 bucks tops.
Two thumbs up the #FracturedButWhole average joe plan.
FYI, Retained Portfolio IS_NOT MBS Portfolio <EOM>
I smell a new can't miss t-shirt slogan. I'll take an XL.
I have it on good authority that Ed Demarco is in the beginning stages of a new startup biz. It's in stealth mode right now. The company is called cShipt, pronounced "Shipt". The c is silent and the p is under-enunciated. They're definitely on my radar to take advantage of this unique opportunity opened up by the last administration.
stockprofitter says:
Here you go bro:
And there we have it. Stockprofitter/CBS/Camaro complete the rarest of trifectas.
Yep, stockprofitter likes to bring the p-share smack to the board, but doesn't like to hear anything back that doesn't pertain to an imminent skyrocket in common share prices. Just pointing out the inconsistency.
For example: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134888258
He's been at this shtick for a long time: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=128565402
I don't get his obsession with "p-shares". Kind of unhealthy if you ask me. Just buy something and be happy with it and let it breath.
Yep, apparently it's the p-share voodoo doll effect. p-shares have a bad day, common feel the pain.
This is a commons board. Take your p-share envy somewhere else.
I'm not a fan of stock cheerleaders or pumpers. So many false alarms, it's just ridiculous. But this is big, you're kidding right?
Everybody knows they are liars. It's right there in the documents. That won't be news to the court. The judge just has to decide if HERA authorizes them to lie in any courtroom of their choosing.
There's a time and place to be sassy Camaro. That wasn't the one of them. I don't expect to get through to you or CBS at this point. Just giving you 411 you can choose to ignore if you wish.
Trust me. I've been in this for 9 years. No one has been more effed over than the common holders. Especially those holding before 2008. But the politicians and judges have set forth a new floor of reality that I don't see a way back from. I'll be the first one cheering on a fix for that.
I suggest calling Ackman's office and getting some advice on the agenda. Because everyone I know (including many common holders) just thinks CBS has gone mental and decision makers can't take him seriously.
Your logic makes absolutely no sense. So the largest common shareholder on the planet (Ackman) backs the Moelis plan, but it's not good enough for you?
If we can drag this out for 11 more years, these things are toast.
OK, how bout this one. Karma just called. She said that she's gonna be the bitch tomorrow.
Ah heck, sure. Your first place ribbons for the Fannie shareholder class superiority debate are in the mail.
RuudG, be careful with CBS.
I believe he is a government plant trying to make the everyday common shareholder look like a greedy imbecile.
He's a magician at his craft and has a cult-like following. Don't fall for it.
You guys all need to think strategically. He's going to get blowback no matter what he does with the GSEs. Someone is always going to complain. He has to cover all the bases and strike definitively on whatever he is going to do. He's not going to tip his hat just for the sake of restoring shareholder confidence. You need to look at the big picture and have some faith in the men you chose to lead. Honestly, at this point you have to believe there is a plan. If you don't, then time to move on and stop bitching.
That's not the justice department correct? The lawyers for those cases are hired by FHFA and Fannie.
FHFA still going full throttle on this.
Nice find action!
Trolling them seems like it might annoy them.
When they get annoyed, they tend to fight hard on lawsuits.
When they fight hard on lawsuits, they sometimes win big.
When they win big, your stock loses big.
When your stock loses big, you'll probably strip down and run through the neighborhood wielding a hatchet.
When you strip down and run through the neighborhood wielding a hatchet, your neighbors will post embarrassing video feeds of you on facebook.
When your neighbors post embarrassing video feeds of you on facebook, you're f*@ked.
Don't get f*@ked, Don't troll them.
That would only offend/annoy him. He already knows all this stuff and has better things to do than read everyone's tweets about it.
When we have someone showing all the signs that they support us, we shouldn't go out of our way to annoy them. I know it's hard to believe, but we have been heard and it's time to let them go to work.
I don't know. I'm just happy that Saints Parrott, Sperling, Stevens, Demarco et al. are not manning the gates anymore.
It's happened several times before. Whenever it comes back up, he usually says that he received some intel that something political was going down and he needed to bring it down to protect us and prevent opposition from doing research.
It's probably one of those occurrences again. I'd assume we will see it back up after Trump inauguration. Rumor is he is pretty well tied in with some politicians.
If you're talking about the timhoward717 site, yep I agree with you that that's not cool.
Not sure what keeps happening there. I can't get in either.
This is really about the real villains in all of this though.
Very Excellent Response To Fellow Traveler Apologists: "Honest critics don’t do that"
I think Tim Howard really hits the nail on the head in his comments here:
========================================================================
QUESTION FROM: Anon
JANUARY 13, 2017 AT 2:19 AM
Tim, I find it hard to believe that the anti gse narrative was concocted by evil banks for profit purposes and pushed by influential players in wall st and washington in a highly orchestrated and deliberate manner, as if by some master plan for wall street to conquer the mortgage market. Isnt it far more plausible that having the government sponsor private entities is a controversial concept and that these guys honestly believe that gses are fatally flawed? im talking about the WSJ, stevens, demarco, parrott, summers, greenspan etc. It seems to me that grouping them and labeling them as the Financial Establishment is oversimplifying the issue and underestimating the challenges to releasing f&f back into the private markets
REPLY FROM: jtimothyhoward
JANUARY 13, 2017 AT 9:13 AM
Grouping all of the opponents of Fannie and Freddie into a single category and calling them the Financial Establishment IS an oversimplification but not a distorting one, and I think one that enhances understanding of the situation rather than muddies it.
The primary objections the people I collectively group as the Financial Establishment have to Fannie and Freddie are ideological, competitive and political. The ideologues do not believe that Fannie and Freddie should have a unique charter that gives them benefits other companies do not have. The competitors share this view (while conveniently ignoring the fact that the U.S. commercial banking system would not exist as we know it without government-insured consumer deposits, and that the Federal Reserve drops market interest rates–banks’ cost of funds–whenever that industry gets into difficulty) because restricting Fannie and Freddie’s business, or eliminating them, would give those competitors more control over the terms and pricing of the $10 trillion mortgage market, and allow them to make more money. And the political opponents view Fannie (in particular) as a “Democratic” company.
Is it reasonable to believe that these three groups of opponents “honestly believe that GSEs are fatally flawed?” No, for one simple, and I think undeniable reason: to support their arguments for restricting Fannie and Freddie’s business or eliminating them, these opponents routinely distort the truth or simply make things up about them. Honest critics don’t do that.
Take the “flawed business model” claims. The real, incontrovertible, “flawed business model” leading up to the crisis was private-label securitization. Fannie and Freddie’s opponents NEVER mention private-label securities, or the fact that the complete lack of regulation of this “private market” mechanism allowed everyone who participated in it to make money from loans that had little chance of being repaid, because all the credit risks were shifted to investors who were relying on inflated AA and AAA credit ratings, bestowed by rating agencies paid by the issuers and who had no skin in the game themselves. And the critics of Fannie and Freddie who blame these companies for the financial crisis also ignore the fact–available to anyone who cares to check–that in the three years leading up to the crisis, private-label securities financed more home loans than Fannie, Freddie and Ginnie Mae securities combined, and that the subsequent credit losses on those private-label securities were nearly EIGHT times the credit loss rate of loans purchased or guaranteed by Fannie and Freddie. Critics of Fannie and Freddie simply pretend that the disastrous private-label securitization experience never happened, and counterfactually blame Fannie and Freddie for the crisis.
So, no, it’s not honest opposition. But I do agree with you that releasing Fannie and Freddie back into the markets will be a challenge. People who do not play fair also fight hard.
Breitbart Hires Carney. Haha Just Kidding...
Actually, no I'm not.
https://www.bloomberg.com/news/articles/2017-01-10/breitbart-hires-wall-street-journal-vet-to-expand-its-audience
Yep, everyone and I mean everyone has their own similar story about what justradin mentioned.
Thanks rekcusdo. Most the "old time" longs know me and support me.
Appreciate the support.
Yes, poor UST. All they try to do is transparently defend the taxpayer and what thanks do they get? Multiple teams of intrusive lawyers asking for documents they have no business or justification to see. It's just totally unfair and they are owed an apology. Whatever happened to ask not what your financial establishment did to you, but what you did to your financial establishment!
Big-Yank 2020! I'm with Yank!
Excuse me while I clean up Big-Yank's fake barf.
It's definitely not for everybody. Lot's of ways to skin the cat of life.
Yep, I've struggled with it many times in my life. It just turns out that the people I look up to the most go all the time. I wanna me more like them and less fellow traveler like. So it's working for me.
Yep, guilty as charged. In-N-Out burger still my favorite.