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Take your $5, but if we get there then a real chance of far higher... imho
Bleaker? Joke!!!!
Finally get rid of Obama-man Watt... incoming chief of staff is pro FnF... acting FHFA director is long time Mnuchin man... Mnuchin said since beginning need to privatize FnF
Now finally has chance to act - here we go!
If you mean by way up back to &5? Then yes... maybe more with some covering
RnR gets us there under both Ackman, Moelis and my own various models
Happy Xmas
Easy for common to go to $10, $15, ... roll on Jan 6th
Yup, Otting is reliable & trusted to make the key moves, plus keeps Calabria’s hands clean - so he can do the cleanup work collaborating Congress
Jan 6 & the dead hand of Obama’s, Watt, is finally lifted from FnF
Nope. Otting declares war on China
More plausible that your far fetched stories about FSOC, SIFI and declaring receivership...
Only “r” words here are Recap and Release...
IMO
Time to wash away YOUR confirmation bias - Trump will do nothing to hurt its base and hence economy or their 30 year mortgages. In fact, protecting those mortgages, along with a payday for the wall, is much more likely...
The “r” that is coming is recap - and then release
Keep saying it , and it will become true... or not ;)
So many achievements.. lol
I think you are a merchant banker - in cockney rhyming slang
I asked for a lump of gold - & I have been a good boy this year. I said present after Jan 23 is fine... so... bring it Santa Baby!!!!
encouraging, but I will wait for the move on the news of the actual NWS suspension or RnR plans. Boy, will that be a show...
Collins also has the major virtue of very possibly happening soon... lol
And I did not rely upon the claim that a bailout was not needed. The accounting mechanism used, and its reversal, precipitated the NWS whose motivations are documented in emails, briefings, policy memos and more from the DEFENDANTS.
The NWS is the focus of many of the cases in Sweeney's Court -- and it looks like a huge, very well documented, taking to me... and the lies and cover-up are documented too. Furthermore, the defendants lies to the court are also illuminated by the same documents -- how will that play into damages?
This will be nothing the 10 or 20 million volume days to come... those are the fun ones
When we dip again after today, they will be back never fear...
After real news they will disappear to a different carcass to gnaw on...
Blast off in January or later...
I am a little lost. Hindes provided a factual, and now documented, account of, amongst much else, what transpired in the takeover of FnF in various accounting manoevres. This provides the background to why the NWS had to be instituted because huge profits would be realized by FnF. The government knew about this and instituted the NWS so these profits were not returned to the companies, but instead went to the Treasury. This was needed to keep FnF from being viable companies since the goverment’s hidden intent was to extinguish these companies. Documents show the government hence lied about why the NWS was needed and the motivations of Treasury in implementing the NWS. Treasury was also self-dealing and much else...
I take all of that, and more, to be relevant to a number of the case before Sweeney...
Hindes nails the situation so simply - FnF never needed a bailout but were seized to pursue other goals and to satisfy longstanding political plans to shut them down
And government docs, and the company books, prove just that - when Sweeney lets this come to trial, watch out! Nasty, nasty damages when you have cover-ups and lying of such wrongs by the government which ought never to act in such a way
Please keep this sticky - more relevant than ever
2019 offers 2-3 three different potential launch-pads:
(1) Collins En Banc ruling in mid-January, with potentially speedy ruling thereafter (the court wanted briefs in two weeks, they are ready to go!)
(2) Potential Mnuchin, acting FHFA director (Otting?), undertaking administrative action to move towards RnR
(3) Sweeney ruling on whether to dismiss or move to trial on plaintiff's cases in the Court of Claims
The message is not relevant to condescending preferred holders who smugly think they are all knowing and made the only worthwhile move from common to preffered, and that anyone gives a crap LOL, but then there is a different board for them -- please move them to that board
Ok , point taken since he was trained in Chicago - how about hit on his “public reputation for integrity”?
Other funding available for Wall says WH spokeswoman Sanders. Says legal funding though not through congressional appropriation - where is that $5 billion + coming from ?
Same day, Mnuchin says admin wants to move Fannie and Freddie out of conservatorship - and FnF warrants can provide up to $100 billion payday
2+2 = ??
Trump has also talked about docs he could release that would really hurt Dems
FnF docs withheld by DoJ and Treasury document lies Obama admin told about FnF in ways big and small
4+4 = ???
Major hit on Obama ‘s integrity while paying for the wall - would Donald J Trump be at all interested in that? :)
Yeah, we will have a decent move...
We disagree about a great deal including that. Good luck...
Lol, some times a little sense is needed... god bless you, I needed a laugh
Hard news is all that matters dude. But the man with the power just gave a nod and a little wink - THAT is what matters... I am locked and loaded already, no cash to buy more. But if I had more cash, I would be buying
Not a recco - since Joseph is too chicken to show his face
Ruud, give it up. You look like a desperate fool... no one is buying such silliness lol
The price movement says what people think - and watch out tomorrow LOL
Listen to Navy, ‘‘tis the time of year” for tax loss selling... Jan 1st is a new world
Saying receivership = Paid basher
Saying hedge fund profit orgy = Paid basher
Remember crisis (lol) = Paid basher
They have the windup, TBTF bank lobby has been paying for a round of hit prices, and online bashin... why?
They think the end for their TBTF aspirations is near... End of year selling, and manipulative short selling, taking price down on no volume
Gonna be tough to buy in with any volume :)
Hanging in cos the end is near peeps
I think we hit a buck or lower, got the rest of the week with the market tanking...
Real interest is where we go after Jan 1st
If FNMA is a buck or lower after Xmas, then I will buy more - the Collins en banc makes that an interesting gamble. Sweeney offers justice... And Mnuchin offers a chance of a boost too. But it is the courts where salvation most surely lies imho
New comments on Howard blog...
Read Howard’s, and ROLG’s, comments on plaintiffs brief for Collins En Banc review — very positive comments
If the Fifth circuit rules FHFA’s being unconstitutional requires reversing NWS, and perhaps even takes senior preferred to be paid off to cure the problem, then Mnuchin has all the cover he needs for RnR imho
And things roll forward...
A friend of FnF shareholders in Mulvaney is going to be acting chief of staff...
You took something other than the fiction writing class? Mark me down as surprised...
CC - you are a reliable contra-indicator, so likely a green for FnF...
But then who has good predictors for particular OTC stocks? Lol
Yes, Otting will apply the plan developed by Steven Mnuchin at Treasury - Otting will be what they call a public servant.
Nice to finally have someone serving the public!
God bless Mnuchin, Otting and Calabria for doing the right thing. God bless America!
If you read carefully, which you didn’t, I said no one in government has talked about receivership - no FHFA director or Treasury secretary. Calabria has not been confirmed yet - awkward
Agree about markets and especially otc
Agree legislation not happening
Agree admin action very possible
Disagree about legal avenues being dead - Collins en banc has really potential for fireworks. And the Court of Claims is on d go over in second half of year where Judge Sweeney May see the other avenues are now dead - and go to trial in imho