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They were on his agenda as president yes. And he came within 6 months of accomplishing the end of conservatorships.
If you listen to craig phillips — he explains it all
And now the companies have retained record high net worths and are still retaining earnings —
Because of trump/mnuchin/calabria these companies have $100b in capital and not $0
They are on track for recap and release and not receivership
Covid-19 sidetracked them pretty big.
When trump started they didnt have any capital and his team did all the leg work to make exiting an actual possibility. You should be thankful for what he did accomplish even though it is not priced in
Trump will announce this month that agenda47 includes recap and release and ending the conservatorships
The truth makes you angry. Shrug
At the option of the purchaser (us treasury). You read that wrong. May want to reread it.
That is my understanding. What is interesting is that the cbo report — they monetize the face value of the spspa, not the liquidation preference— in their recap and release scenario.
So in theory continued retained earnings does not materially increase how much the government will be cashing in on the spspa becauwe they may use face value and not liquidation preference in recap and release vs receivership.
I am not sure how this works out but noticed this this past month reviewing all the numbers in anticipation of some sort of potential admin action. Diane Yentel was back in the white House yesterday. Affordable housing is an admin priority. There is a path here. I think we will see shortly if they will intend to use it.
Daniel Hornung was promoted and is the Biden housing guy.
Lael Brainard is the main person at the White House leading the national economic council and she is speaking on housing I think end of next week along with Daniel and David Dworkin at a Dworkin event. Dworkin was in the WH the last time Yentel was when they were all talking housing too.
You continue to refer to your fake made up make believe plan that does not exist.
You are right about the JPS in a receivership restructuring but not in recap and release. Read the cbo report.
You make it seem like everyone including the lawyers is out to get you.
right, because technically the existing common are worthless in my view with spspa dilution.
until that is resolved it doesn't really make sense for me to pay something for nothing.
who knows how many shares, but yeah, that's the risk of owning common shares, no security
Thank you again your your wildly unimpressive thoughts
This changed though
Yes. You got it
Excellent follow up analysis
Pretty funny response. I still say it even though it is probably not pc
Nope. That was just the nws. Couldnt even win that
You and me both
you should really make markets in these securities if you're going to sit here with 500k of them.. you should be selling a few hundred here and there when it goes up a few pennies and buying them back.. to make a few bucks for all the time you sit here watching their price
laugh it up, enjoy your common share outcome, i hope that for political reasons they decide not to convert the spspa to common --- for your sake, because from what i can see there seem to be no legal reasons not to.
Lol. Liquidate commons.
They have no value. There is nothing to liquidate
Unless we are making water references and you mean dilute. Then yes.
Your analysis of 3 outcomes is a failure
If you define paying off debt as paying off spspa then yes that was a forced failure on government bad faith
But the government could legally act in bad faith. Apparently.
You post these graphics as evidence to assert your correctness, but what I see when you post these charts would support an intelligent argument for dumping commons that outperformed for no discernible reason in favor for something that has security.
If anything all you have done here is highlight your incompetence.
That said, i do agree with your analysis that receivership is off the table, or i would not be here
This isnt chapters.. this is conservatorship (ch11) and receivership (ch7)
It is you who is clueless. I rest my case. Good luck
My view is in receivership we all get zeroed.
What do you expect. How do i lose. Receivership?
I will not lose. Cheers
Tightcoil is mikesp over on the google boards. Dude is a complete joke. He found his way to ihub this year
watch the rest of this year bucko.
jps
not a really important calculation --- something i can count on you to make!
well. now you will see. i'd say pay attention to how it goes now...
the selling pressure has been mitigated
the ceiling has left the building
it's go time
The thing about this perspective is that it assumes that the companies retain net worth in excess of their ERCF and that the government is unwilling to let them exit conservatorship when the government already has a deal in place with Fannie and Freddie whereby the government will endeavor to restructure its equity stake so they can exit conservatorship. Right now, a restructure would need a consent decree or capital raise, but in your hypothetical future it would not because the companies will have retained enough capital to exit absent the gaping negative capital hole caused by the spspa
Your post history is interesting.
Lael brainard, daniel hornung, at dworkin’s event. Solutions2023
Commons taking their next leg up in anticipation for dec 7
thank you for your contribution
can we get some more questions about fannie and fredde in the next 10-20 minutes asking them to end the conservatorship:
Sounds right. Drops in the bucket
Cheers