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Right.
That's obvious. It's in your name to do so.
2 things are guaranteed in this life.
1. I'll wait forever for FnF.
2. You'll be here with me forever while I wait.
If you are referring to Lamberth, then in that case, Treasury is not involved.
I'm pretty sure it is FHFA, FANNIE MAE, FREDDIE MAC.
The agency would be taking money from FnF to pay out.
So your scenario wouldn't apply.
But anyone is free to correct me where I'm wrong or add to what I said.
Hope it helps
To the grave if need be I'll have my eyelids stitched open so I can see it happen. I never quit.
How about you?
I plan on crying in a corner over the years that have come and gone.
Then I'll pull myself together and buy some more shares.
Then probably start crying again.
But hey, that's me.
Wasn't it great having those two humor us with empty promises?
"Catman" is kinda cool for a nickname.
Too bad he's a terrible person.
JMO
Now that you mention it, it does look that way. Unintentional, but it does grab attention.
Who knows? Maybe Gary will read it and know I mean business......Maybe.
Thanks for your words
Preach!
He was kinda busy. And he doesn't do every job in government.
That's why things are delegated to others. He put mnunchin and when he could put calabria, he did. They screwed the pooch. We heard calabria comment posted by Navy. Catman did a switcheroo. Said one thing then installed changed his tune.
Trump can't babysit everyone. People get appointed and they are supposed to do their job. Cat and munch did not.
Shortened time frame, pandemic, "election"?
What was catboy doing? Granting himself a waiver to hide stress tests and moonshot the cap requirements.
Everything Trump said he would do, he did, or tried to.
But that's my thoughts on the matter.
Still holding.
JMO
Hey Gary.
STOP TALKING ABOUT THE WARRANTS. I DIDN'T ELECT YOU AS A SPOKESPERSON.
But anyway.
It looks like a no. They are different corporations.
Maybe someone else can help out.
But here is a useful link:
https://www.investopedia.com/terms/s/substantiallyidenticalsecurity.asp
Hope it helps
Ask yourself, Would I infer anything positive or negative from those redactions?
AND
What would I infer?
ANSWERS:
Yes.
And negative.
Something to hide that negatively affects defendants and their case.
Even if they are told to not infer, it won't matter. Just a reflex. It looks bad and they won't just pretend not to notice.
JMO
Sounds good to me. 3 years is past 2 year cutoff. It is pretty straightforward. A ruling against is basically rules, laws, and judicial system is meaningless.
JMO of course
What is your split? As far as percentage.
What broker account?
I switched over like a frightened school girl.
Little at first and was in fear when I sold some that funds would be on hold for a few days, but I guess even though it is OTC, my other holdings act as collateral and the money was instantly available. I do have a margin account in E-Trade and TDAmeritrade. Worked for me in both.
I figure switch over if you can and little at first to test the waters. Maybe even call first and ask. It's not like I had major position to switch like a whale, but still was nervous. They both are so liquid, it was an easy switch.
Little at a time with a limit order just below bid to make sure it sells. Then calculate and put a limit order above the ask. Went right through. Even with commissions, I ended up with more shares after the switch. I guess the day I did it FNMA was 2 pennies higher than FMCC, so I ended up with more.
I hope that helps.
Thanks for your response, but do you think if in 2 weeks it happens, that it was delayed to that day ( pretrial for Lamb)?
Or it is what it is? A coincidence maybe?
Thanks to Eternal and you for responding
Sweeter than yoo-hoo.
Thanks for responding.
Is there a special reason Rop judges would take so long for something so straightforward?
Past 2 years is too long.
Demarco was 3 years.
Horrible precedent if allowed. No oversight ever. For fhfa forever and maybe other agencies as well. This judgement would be cited.
Or....something else? At what point would anyone here think they are waiting on announcement to be strategic for whatever reason?
2 weeks prior to Lamberth? 1 week? 1 day? Or maybe a few days after Lamberth?
Which point from here on makes you suspicious?
I'm always suspicious, but that's me. Taking this long to decide is a bit much. Do they need help typing their opinion or what?
Thoughts?
It's OK if no one sees this. I don't have much of a social life.
No....That's a lie....I have no social life.
I'll check back later. Have a good Friday night.
JMO
Edit: 100 % of the owners received zilch. OG common and OG preferred got nothing.
But I agree with the rest and get your point.
So we stay as is forever? OK. I just don't see it. I'll just have to wait longer.
JMO
I still think things are a little better this time around.
Do you think the situation is worse?
Because I don't see it that way.
JMO
But of course. We go way back.
Oh darn! You mean I never mentioned that?
My bad.
I'm joshin you.
Every judge pretty much has been lied to. As far as royce is concerned, I don't know why he waited. I'll ask him next time we see each other.
I didn't put too much faith in scotus or plaintiff lawyer, I had some though. Yes, it was very sad to see arguments made by Thompson and scotus bs interpretation.
Lamberth faith is more than that, but more so in the case argued with evidence we have and it is a jury. Feeling much better about it and Rop as well.
I always prepare for the worst and hope for the best.
LFG
Thanks for replying
JMO
When the game is rigged it becomes harder to make a call. Things are different now than they were 14 years ago. Don't you think?
I do see you're point. It makes sense why people would see it that way. Looking forward to a better outcome this time around.
We'll see.
Thanks for responding
JMO
Market knows nothing. Judges ruled based on a lie. Lamberth will be based on truth. Can the jury mess us over? Sure.
But...
I like my chances more with Lamberth case, jury, and evidence vs scotus. I like my chances with Rop case vs scotus. Better arguments and evidence.
Haven't seen you much. Still on FMCC board? I thought that's where you said you'd be.
Anyway
JMO
Nothing in my inbox on TD account page. Nothing in email.
Nothing from post office.
So I don't know. Sorry I couldn't help more. On my way to work, hopefully someone can better help you.
Have a good one.
Later.
I'll check my inbox right now before I leave.
Was it electronic message or in delivered by post office?
I didn't get anything in the physical mail, but I have not checked my mailbox on the website.
Forgive me, but is ameritrade same as td ameritrade?
Just checking because I have TD.
Both are garbage. Catman and munchface are failures.
Disgusting. First time I got to read the actual language in the amendment.
Sickening. That was their brainchild and their buddies behind the scenes. Helped no one. Liars. They went rogue for self-serving reasons.
Thanks for the post.
Now I have to go puke.
JMO
I understand where you're coming from, but I owned shares without any advice from anyone. I bought on my own speculation. Also years before being on this board or hearing or knowing who anyone here was.
I have been involved for years. Predating this board.
I own because I believe. It just so happens, that others believe as well. I'm holding and believe in a positive ending to this seemingly Neverending story.
I added today. Thank you "Smart money" for that entry.
Mr. Market has spoken. It said "I don't know as much as people think I do".
JMO
It's been said it covers all holders even if you bought after the date.
I had asked the same question and that's what I was told and provided with actual explanation from the litigation documents.
Understood.
Thanks for help
Are you saying, in my case, just take a chance and sell a little at a time and see what happens?
Because when I say no cash, I mean no cash.
So in order to switch I would need to sell tiny amounts and hope it clears before any serious movement.
Thanks
No cash. Otherwise that would have been my thought as well.
See, I pay my bills and with excess I invest in FNF. Usually and lately it's been Freddie. Not even for damages expected, I was already doing that over the years. It just worked out that way.
Thanks for help
See, I don't have cash just sitting in my account. It's in these two tickers. So I don't want to risk moving such a position just in case.
I am thinking of leaving it be. If FMCC wins then both tickers rise and a lawsuit filed for holders of FNMA commons to receive their damages. Might have to wait but with FMCC win FNMA is simple.
1/3 FNMA. 2/3FMCC
JMO
No it's not for a flip. I know both will rise on favorable ruling and/ or eventual release, but I am thinking about damages offered in Lamberth.
I believe FNMA will follow up with their own lawsuit with FMCC victory, but I would just wait longer for it to happen.
Plus, if somehow a loss, FNMA has the potential for their own approach for winning.
That's where my head is on it. Maybe just leave it be.
I have 1/3 FNMA and 2/3 FMCC. Everytime I add, I add to FMCC and that was before I saw potential for damages.
Just My thought. Thanks for input.
NAVY: Any thoughts on switching to FMCC. I don't know your split, but wondering.
Thanks
That's what I worry about. In my case I'm in with no excess cash, so I don't know for sure how it turns out for me.
Plus for FNMA, they could still bring their own lawsuit.
Because double jeopardy is a non issue here.
Quote from internet on what opting out means or for people not involved in class action.
"opt-out procedure will be explained in the legal notice sent by the court. A member who opts out retains the right to file an individual lawsuit. A member who does nothing will be bound by any settlement or decision in the lawsuit."
So I'm good. I might have to wait longer for FNMA to get it done, but I'll be fine.
Thanks for your help and posts
I don't trust trying to switch because I worry about some issue with settlement of funds or issue with that it's otc. My luck, I sell FNMA and money is on hold for 1 to 3 days and the price moves. Then I would get back in with less shares. Glad it worked out well for you and friends.
I'm about 2/3 FMCC , 1/3 FNMA.
I'll survive.
I would think that a victory for FMCC allows FNMA to bring suit with an easy win for similar damages.