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The one thing that is absolute during the arguments, no justice refuted the nationalization or took up an opposing view of that. This was very good for shareholders and companies!
This speaks to me in volumes that they realize what happened. Their dilemma is how they go about making shareholders and companies whole without destroying the government, because destroying the whole onservatorship would be best case for SCOTUS, so they can put the whole thing to pasture and zero more lawsuits.
So,
If SCOTUS gives government the leeway to do the right thing about the botched amendments, the NWS, the pspa, and the warrants, but then they play greedy and cause more headache for SCOTUS due to more
Law suits, then scotus will be wishing they spanked much, much harder.
What really bugs the crap out of me is SCOTUS is more than aware that it's taken shareholders 11/12 years to get the dam case in front of their eyes....do you think any of them, at all, have heard the term swift justice? If they know its a nationalization then they also probably are aware of the many other aspects that are not kosher under the heading of conservatorship.
They should resolve this asap, not in 6 months, not in 4 months, not in 2 months. Kicking the can only ups the risk factor if housing starts to weaken or tank. Fix this cluster fuk now! Stop the bullshyt and endless litigation, it's not helping anyone.
Agree Nats. I've seen so many headlines misspelled and tag lines copied, it's like a race to be the worst tabloid on earth. It's crazy that Canada and Australia are where many are starting to turn for accurate news. Hopefully it puts the propagandist outlets out of business eventually.
A huge tell is if you read any of the political message boards. If you do, you will notice plenty commenting from other countries saying how bad our news outlets are, and you would be very hard pressed to find a positive comment from those claiming to be outside the US. Many from the UK, Canada, Australia, Nordic countries are in disbelief how bad our "freedom of the press" situation is here.
We need stronger laws to hold press/news/media outlets accountable and to curb the social sites like Facebook who are manipulating their customer base.
Happy Hanukkah to all on here
Most these idiots are carrying a story or sourcing information from a prior idiot that did a story before. Another problem in the media is there are a lot of folks writing that are Bradfords age and younger that do not have much under their belts as far as life experiences, and the younger ones writing are easily manipulated by their bosses and political ideologies.
I think the justices, most being of the same mind that this was a bogus nationalization, brought to the surface just how much may be wrong other than what the Collins case was addressing. As one of the justices asked Collins how he felt about if the whole conservatorship should be voided and Collins said we would have no problem with that, even though that is not what the case points are that were submitted.
I think the justices are worried about other deficiencies needing to be addressed, because they do not want this conservatorship case back in SCOTUS a year from now due to other claims they see now, that can be made a case for in the future. A big hint to this was the justice who made the scrambled egg back in the shell comment. They realize there are more deficiencies, probably because of those key 11,000 documents.
On the first day of christams my true love sent to me
(And) a supreme court orals victory
On the second day of christams my true love sent to me
Two cats a mewing
On the third day of christams my true love sent to me
Third amendment mended
On the fourth day of christams my true love sent to me
Four sea cucumbers pooping
On the fifth day of christams my true love sent to me
5 dollar stock!
Should we finish it? Lol
FALSE
They were also asked if they saw any problem with throwing the whole conservatorship out and other amendment's, the lawyer stated they had no problem with that.
SO NOTHING IS OFF THE TABLE OR UNTOUCHABLE
I sure hope so. That is why scotus better make dam sure they use a paddle and not their bare hand when they spank'em.
But we will never see one penny of 124 billion, itvwill get locked up in capital to one day be stolen again by an even tighter knit government scheme. Lol sad
The lawyer should have thought faster on his feet. He should have pointed out not only the share depreciation since take over but also absolutely no dividends for a decade to shareholders, but government made sure they were treated to an open buffet of dividends via the NWS, which by the way has prevented the corporations from building much needed capital to exit conservatorship. Your honor, some would call that a lose, lose catch-22 position.
I would love to hear prof Epsteins take on the hearing, but will probably have to blow past Kthomp spin posts.
Yeah, that's pretty dumb commentary considering the lower courts who stopped legal challenges they shouldn't have. Maybe SCOTUS is aware of those cases also and wants to rectify the whole dam thing instead of just partial fixes bandaids, that would see SCOTUS facing more suits from this in the future.
Your jps are worth nothing but par, period, and that's a very big if now because the direction has been changed pretty drastically.
Changing your tune after all this time and calling everyone here wrong? Why?
Shorts clobbered today? Alongz.....
Ditto. Wish I could hear the arguments, but cant because I am deaf.
Thanks to all posting SCOTUS comments much appreciated
I see a third tricky issue...if the NWS gets canceled and other things happen to move us toward release, what happens to fhfa? I mean, come on, pretty much everyone realizes fhfa is funded via GSE profit theft, so how do they still exist once a consent decree gets put in place? Congress will then have to provide funding and is probably why all of Congress was against cooperating with release for all these years. So not only an Obamacare slush fund but also an fhfa slush fund.
Congress will be under pressure to find funding for these two big expenditures very soon.
Except for the hedge fund bullshyt in the headline.
Yeah WSJ just worried they may mislead their investor subscribers, so they change their political view for the time being.
Not only good article, it sounds like that lawyer works for a place that investors would definitely want to contact if the government says or tries to use the warrants. Guido take note at bottom of article, I think it states the outfit this lawyer works for. Not really a law firm but does legal representation in cases of government over reach.
Try harder....much harder.
When is the conversion party? Cram down luau? Par party? I've heard nothing on the grape vine and no one I know that matters has even seen an invite?. What gives?
Really like that caramel cheese corn mix.
That's for sure Guido, myself included. Hoping SCOTUS slaps down the government pyramid scheme.
This link shows some of the unsealed docs but not sure if this site is currently kept upto date
https://fanniefreddiesecrets.org/
Lol. For sure...
That's just perfect! I nominate Fence for best post today.
Howard and ruleoflawguy switched to pref's somewhere awhile back and now pound the jps drum. Like Bove, I see them as biased to one aspect of the world of gse shareholders, hence their information if biased is not all correct, so I do not pay much heed to what they say.
Sources who talk in terms of all classes of shareholders are more reliable. Jmho
Not necessarily. SCOTUS is not going to just sit and listen, they will get vocal and that will be clues. Also, SCOTUS must be very aware that the current administration see's this whole thing as illegal or unconstitutional since they refused to defend in the supreme court and a lawyer had to be appointed. If you are a SCOTUS judge, how are you looking at that particular fact? It is a glaring admission....of something.
Much can be done after the 90 minutes Wednesday and Jan 20. If SCOTUS gives the government the room to, maybe a grand bargain,,which has already been talked about or structured to a degree but needs verification to come out from the courts to proceed. That's just one possibility of half a dozen I could think of.
Exactly. How many times have Calabria and Mnuchin said they will follow the law? SCOTUS has not dictated yet what the conservatorship law means as far as constitutionality. Once SCOTUS has given their idea on direction, SM and MC will move. They are not going to preemptively over step SCOTUS on this. That would give Dems way too much ammo/talking points to try and destroy SM and MC legacies. Once scotus is fully involved this goes an entirely different direction. How many times have you heard It? This goes for jps also.
Lol. I was going to post that but could not think of the dam word! Thanks
I've stated this also. Its impossible to not discuss politics or Republican vs Democrat concerning the GSE's. Its a government conservatorship! How are you to avoid that and not talking about how the current election affects This?
Like investing in TESLA and being denied to talk about cars or batteries. Same illogical reasoning.
Now we need to hope and pray that the jps crowds reading comprehension miraculously reaches the aptitude of a 10 year old!
Crossing my fingers
Thanks for fact finding commander. Now for the um-teenth time another conspiracy theory of jps shot down once again. Seems they like to recycle these has-been theories every couple months,wonder why? Lol
Exactly! The government buying 80% of the GSE's shares for what .000001 a share is good conservation and fiduciary action of the government? These guys need to view the Epstein video. Trying to justify the warrants is just like trying to justify the NWS. A takings without just compensation is a takings that is illegal.
Jps are not even on court radar until later next year. Why would a conversion or anything at all be offered to them now or until that case is heard? Pure stupidity to think you'll get converted with an on going case against the government for contract claims. Sure, the government likes to play nice with a group that's suing them. Lmao.
Jps dreamers. Even after they lose in Lamberths court, then they'll be screaming even louder that they deserve a conversion, or a cram down or whatever the heck the go to word is then. By then commons will be on a glide path heading above $15 or $20 to $50-70.
Expecting to be treated with a pat on the back side now is just what you'd expect from the narcissist jps crowd.
Nice article. Thanks for posting
1 spo. Probably for 20 +/-
Housing construction sector is just starting to ramp up. It will take probably 3-5 years to catch up with demand, That's a big IF.
Wonder if they figured this huge amount of new homes and mortgages over the next 5 years into their cap rule? Maybe why it's so high.
I think by year 5 or 6 they will be strong capital wise. That is if this next administration doesn't screw things up by doing again what caused 2008. I'm not too optimistic on that count, might be another reason also for the high cap requirement.
I'd like to know why very few news places or individuals who are always analizing the GSE's, never call out the true fact that the government take over has been nothing but two corporations being held captive as piggy bank slush funds, because no one in Washington DC knows how to do their job.
I'm there! Lol