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Almond James has not replied. I’ll ask them again Monday morning.
I have also asked Raymond James to verify note from Ed Mills, purportedly saying govt is years away from an IPO for Fannie and Freddie. This note is reported at Bloomberg.com June 6 2019.
I have not received a reply.
I would suggest everyone contact them, and Bloomberg.
Is this illegal? Shouldn’t the SEC step in and regulate?
Does anyone know why we dropped 6c in 10 minutes.
A fellow on the yahoo blog contacted the 5th circuit today. A woman named Margaret Dufour replied back to him and said they would contact him as soon as it is released. Go over to the yahoo blog and read it. His handle is MAX, I think it was about 7 hours ago. Any way I sent her an email and asked to be contacted.
Her email is ca05_cmecf@ca5.uscourts.gov. The case number is 17-20364. Not sure if anyone else would like to contact her, or if it helps showing interest by numbers.
With the total partisanship in congress right now, they couldn’t pass gas...Lol
Just a point to start discussion.
We appeal to Supreme Court. I still have faith our country of laws will do the right thing.
Agreed
Doesn’t the government fiscal calendar end September 30? Is Gas referring to sept 30 or dec 31..?
Only if they would take it on contingency. Nothing out of my/our pocket, but lesser return to us, and higher return to attorney. You can really see if she/he thinks they can win if he/she takes it on contingency.
I like your numbers better.
Agreed, but they would need to issue 100 billion shares. Can’t imagine that.
Ok,just for discussion, Looking for feedback.
If Trump wants to raise $100B though a secondary offering. I believe his people work thru a big financial institution JP Morgan, Goldman Sachs,etc... And since it’s so big maybe more then 1, but they agree to a pre offer price and number of shares. Just as an example, I’ll say it’s all in one shot, even though it may be staggered. But for simplicity ,just one shot. I believe the largest amount of shares outstanding is GE with 10.1 billion.so let’s say they use 10 billion shares, price would be set at $10 at opening. It could go up from there, or down over the next few days,weeks,years. Don't think it can drop on opening, but can go up. My point in this is ,aren’t the current outstanding shares, the shares we current shareholders own immediately worth $10 . Am I correct??
This is just an example. Feel free to point to agreement or things I’ve overlooked.
Obiterdictum,
I noticed you posted an amicus curare in the Collins en banc hearing. It was signed by several,people, but the one I’m most interested in, is, Elizabeth Warren. Do you have any insight or an opinion as to what the amicus was saying or trying to do. And Warrens platform is essentially anti TBTF banks...This amicus, to me, seems something that big banks would endorse ??????
Wondering if you can help me in understanding..
Thanks
The NWS was a pure money grab by the scumbag Tim Geithner to subsidize the ACA (Obamacare). He did not care about shareholders.
Thanks
In short:
Fannie Mae must retain its profits until it has 60 or 83 billion dollars to be released from conservatorship. Issuing both common and preferred stock can speed up the process. Nothing else.
Can an en banc ruling that declares the NWS illegal, also rule Treasury to return money in excess of the $187B?
Does SEC have any jurisdiction over the OTC’s? Can a complaint be filed? If so how would I do it?
Thx
Please explain to a novice what this means.
Thx
This reply was in regard to ...jcromeens post
There is a difference between when the appeal was entered and when oral arguments were heard. The decisions after oral arguments have been in the 120 day timeframe. This is the clock we’re under now, time from oral arguments. So it should be any day now.
Can you tell when these cases were heard? Were they heard before or after Collins.
What day are we on, in the en banc? Also wasn’t May 6 an action date in Sweeney court?.....I think one side,or maybe both were to submit positions. Did this happen, or do I have dates messed up.
Agreed. Willett ripped them in his dissent.
Somewhat concerning, the three judge panel that rejected the original Collins suit, had a Bush nominated judge. Catherine Haynes.. the other dissent was a guy named Haynes nominated by Clinton. Willet nominated by Trump supported shareholders claim. It doesn’t look like it’s going to be straight party line.
This does not mean we will lose but , I was a little taken aback.
Does anyone know case number?
It’s directly above the yellow sticky portion,right above kip1.....
My bad , the Texas article does state there are more reps then dems. So it is 11 to 5. I hope this bodes well for shareholders....it should.
There was an article posted the other day that implied an even split of 8 dems and 8 reps on the 5th circuit. This document notes that it’s 11 reps to 5 dems. Does anyone know which is correct, or am I misunderstanding. Also, they refer to senior judges in which there 8 reps and 3 dems. What is there role? Do the seniors rule/vote in the en banc, specifically the Collins case?.....confused
I like it. To add to the list...a little bit of wishful thinking, en banc finds NWS illegal and orders Treasury to return all proceeds that have been paid above $187B + reasonable interest,..say 3.5%. Party time....I know pretty optimistic, but possible.
33% div yield! Nice, that would get some attention...
Yes, thanks for posting.
To all,
I would like to point out that while hank p put GSEs in conservatorship, he did not incorporate the net worth sweep. Obama’s Treasury sec Timothy(slime)Geithner did it with a. Simple letter signed by him and Ed demarco.
It just seems hank gets blamed for both conservatorship and NWS....he just did conservatorship.
P.s..I’m not a hank Paulson fan at all
I’ve read things on this board where it was stated incorrectly.
Also, be cautious of anything coming out of Rachel.
Hank Paulson was Bush jrs Treasury secretary. He put GSEs in conservatorship.
John Paulson is a hedge fund manager, and I believe a friend of Trumps. He may have been suggested for sec Treasury, but was never confirmed.
You’re thinking of Hank
My displeasure is that he states he is doing nothing about the NWS, if we are to believe the writer, which I’m not sure I do. If Calabria did in fact say it, why? There is no good reason to prolong the 3rd amendment, other then cash to the treasury. 4-5$b a qtr does far more harm to GSEs then it does good to US Treasury..
AYE! USAF. 1972-1976