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Well duh! They had more episodes and seasons. Kirk is a badass! Right up there with Chuck Norris
Go FnF!
A penny? Did it ever trade intraday for a penny?
The GSEs announced that they intend to sweep last quarter earnings to treasury, right? I think so. If so then if treasury decides not to take it they would look like they are in agreement with the en banc decision. If they sweep and then announce that we will build capital after this last sweep then they look like they are choosing not to sweep instead of appearing like they are complying with the en banc decision. It is childish but also leaving the door open for more sweeping in the future as they are showing that treasury is making the decisions here, not the judicial. "You're not the boss of me! I do what I want!"
Go FnF!
Well then maybe you can tell me.
What's a grit? For those who do not remember, it is from My Cousin Vinny.
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Oh! 300k.
,
Is there a way to know how many shares it was? I wonder how much money this person screwed themselves out of?
I predict that tomorrow we will close at 4
Eastern time
Go FnF!
Are you referring to stock price manipulation? Your post is kind of vague or in any case I don't get it.
Go FnF!
Fifth Circuit finds federal housing agency structure unconstitutional By Jace Lington In Federal
September 19, 2019 at 1:36 PM
On September 6, 2019, the Fifth Circuit Court of Appeals ruled 9-7 that the structure of the Federal Housing Finance Agency (FHFA) is unconstitutional. The Fifth Circuit sent the case back to the district court to decide how to resolve remaining questions about how the FHFA decided to handle the finances of Fannie Mae and Freddie Mac.
The FHFA was created by Congress in the aftermath of the 2008 recession as an independent agency to regulate the United States mortgage market. This case, _Collins v. Mnuchin_, involved whether the FHFA had the authority to require Fannie Mae and Freddie Mac to give nearly all of their money to the U.S. Treasury Department each quarter instead of to the companies’ shareholders. The companies argued that such an arrangement went beyond the FHFA’s legal authority and that the structure of the agency was unconstitutional.
The Fifth Circuit held that the FHFA for-cause removal structure “limits the President’s removal power and does not fit within the recognized exception for independent agencies.” The U.S Supreme Court established that exception for agencies led by multi-member boards in the 1935 case _Humphrey’s Executor v. United States_. The Fifth Circuit held that court precedent does not support removal protections for agencies led by single directors like the FHFA.
The court also held that “an independent agency with a single Director removable only ‘for cause,’ violates the separation of powers.” In this context, separation of powers refers to the three divided branches of the United States federal government: legislative, executive, and judicial. Under a strict reading of the U.S. Constitution, each branch has distinct powers and responsibilities and Congress is not allowed to create independent agencies that blend those powers.
The majority opinion cited the 2010 U.S. Supreme Court case _Free Enterprise Fund v. PCAOB_ to support severing the removal protections from the FHFA statute and leaving the rest of the law in place.
Damn $3.80 filled. Enough fun. Time to go up. I dare not try $3.70. I don't need any more but I still have some of my allowance left.
I figured. You have thick skin after being in this stock. All in good fun
Go FnF!
Somebody is fibbing and I don't think it is fidelity.
The exact top will be north of $20.00!
Almost down to my $3.80 buy!
The Department of Housing and Urban Development recently released a major housing finance reform plan in conjunction with a Treasury Department report on future plans for Fannie Mae and Freddie Mac.
HUD’s reform plan states four main objectives – including refocusing the Federal Housing Administration to its core mission and providing FHA and Ginnie Mae the tools to appropriately manage risk.
Read on for a deep dive into the plan.
https://www.respanews.com/RN/ArticlesRN/An-indepth-look-at-HUDs-housing-reform-plan-77244.aspx
Oh yes. Everybody shut up. Let this be like the pref board. No ideas or opinions to be exchanged. Only log in if you want to hear the sound of crickets. NOT!
GO FnF!
1. Letter of Agreement/Suspension of the NWS = bump
2. Settlement = bump
3. FHFA capital rule = bump
4. SPSA amendment = bump
5. Terms of raise = bump
6. Uplist to NYSE = bump
7. Release from conservatorship = bump
8. Cancellation of Warrants or resale back at low cost (like AIG) = bump
9. Capital rule met = bump
10. Dividends restored = bump
Schwinn! All my $$$ is for Fannie
Go FnF!
I thought Calamari called it a letter of agreement. Still, my memory has been proven faulty lately.
Go FnF!
Oh hell my $3.90 filled. I will go to another account and place an order for $3.80
Go FnF!
He is on the KOO KOO CHOO CHOO!
I put a buy in at $3.90. That should shore us up
Go FnF!
Just AWSOME! BEST SO FAR!
GO FnF!
The plan contemplates a number of approaches for recapitalizing the GSEs, but ultimately no institutional investor is putting new capital into these entities until the outstanding legal issues with the existing shareholders are resolved.
Doesn't this give you a warm fuzzy?
Go FnF!
Question for the board. Are all short attacks results temporary? I do not day trade so maybe I am missing something. I really do not care if the price is kept low temporarily. FnF are good examples of stocks that move when the public gets hungry for them based on news. Since I hold long it doesn't matter to me because when we get positive news nothing holds the shares down.
Go FnF!
Shorts are like a school of piranha. They keep coming back for little bites.
Damn it in a hearing. Sorry. I shouldn't drink in the morning
Mnuchin said it in an interview. I accidentally said it was Calabria. TWICE sorry
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Yes that is a good thing. He will get off of his ass and get this done to cement his legacy. It looks good on a resume.
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It seems that Trump is dropping bigger and bigger hints that the GSEs are going to blast off. It is like he is saying what do I have to do for you guys to get it? He could just come out and say "I would not short the GSEs if I were you". Hell Calabria said he would invest in them. Here lemming lemming. Come and get it!
Go FnF!
It is an open secret that congressional action has stalled. Congress collectively is absolutely unsure of what to do. The lead from behind attitude has has allowed the FHFA to conserve and preserve the assets of the GSEs and bankrupt them into a safe and sound condition. This has become a seriously funny, tragic comedy.
What is an oxymoron?
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Sure I will embrace good news. Especially if I can double dip as a patriot and a shareholder.
Go FnF!
Only one question here. What is a reminder pole?
I am concerned that they reduce the sweep. Maybe they, being treasury do not take the next sweep but they say officially that it is a temporary suspension of the sweep. This would illustrate that they are still in charge and the court be damned. This process could repeat every quarter so they do not have to acknowledge that the sweep has ended and they are doing their part to recap FnF. I hope both Calabria and Mnuchin keep egos in check.
Go FnF!
I think that they will reduce the sweep. They can claim that they are building capital at the same time that they can refuse to acknowledge the en banc decision. Seems like if this happens it is now about egos. Calabria and Mnuchin would be saying to the the courts "you're not the boss of me"
I bet that the sweep is reduced and not completely eliminated right away.
Go FnF!
Check my post #559367 and read Obi's response to it.
You tell em Doc!