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Where in there does it say jps conversion, cram down, par, wet dream, fulcrum share class, liquidation, special one time divi for purchase of jps much needed snuggy blankets and onesie's?
Aaaaaah it doesn't. Jps better go inform the government that they got it all wrong. Lol
That's exactly what he does. Uses his financial muscle to rake in gains for him and his shareholders at the expense of other company shareholders. He's always looking for preferential treatment in stock price, special preffereds or any other way he can use his financial strength to leverage the guy he's dealing with.
One of today's news articles says Warren B loading drug vaccine company stocks.....and sold Costco! Think you better put a hex on him Rick.
https://finance.yahoo.com/news/warren-buffett-buys-6-stocks-233935835.html
Lol, lmao. Hot dogs, pizza slice, and chicken bakes won't get ya to first base
At what point would anyone here deduce that MC is not going to get canned but has job security?
I think if he carries this far enough along to a no turning back point, that even Biden won't have the stupidity to replace a guy who is in the midst of this release. You can't just throw some other writer into the middle of a novel being written is my assumption.
But I question when is that point of no return where Biden won't look at it as feasible to replace MC and just let's him carry on?
If...NWS is canceled? Consent decree? Seniors canceled? Warrants canceled?
Even if the courts should change MC's fire-ability clause, I do think there is a point of no return and no hire for new fhfa head. MC probably realizes this and will work to meet that bare minimum for job security....my guess.
I agree 100% with that. The guy is like a vulture, comes in for the best scraps after the kill and leaves nothing for everyone else. Those who follow after his moves get rightly burnt eventually.
Really hoping so!
My gut is telling me something will happen before Thanksgiving and before Xmas. Just hope it is positive momentum that we see.
Trump and his crew need to pull the football out from in front of the next administration. We've been a political football much too long. Should not be hard to do what is right. The truth always sets you free!
Never have truer words been spoken! Nice comment.lol
I don't think any continuous dividends are in the picture until later on, maybe late, like 4th qtr next year or somewhere in 2022. There could be special one time dividend or even a settlement type dividend in the cards sooner...Maybe. Regular dividends are not going to be reinstated to any share class until some cap trigger is met. This is a given already from what they have said and cap rule preview.
If Biden takes the GSE's towards a utility model, then they will have no choice but to come up with a dividend PDQ, because no one buys into government regulated utilities unless there is at least a descent dividend.
I don't hate them, just very skeptical and jaded, for good reason. Will they do what's right? Or will they try to perpetrate a final rape of shareholders to line the government's pockets some more?
Treasury, FHFA, Congress = the biggest and best money laundering operation the world has ever known.,lol
I'm holding tight, for long time now...and still even buying, I just bought 1890 fmcc today. I'm keeping the faith, because maybe I have faith in rule of law, God and country.
Thats for sure brooge! Been in this since end of 2007, beginning of 2008. The bs I've seen with the companies and stock would put anything to shame that either China or Russia could concoct. We definitely pay to staff our government with the best criminals money can buy.
The outright manipulation of both GSE stock prices is worse than criminal. You got to be blind not to see that government is keeping them on OTC bb board to control the price and their plan. I wonder if there's a way to expose this? We should all be trying to dig information up to that end, in hopes of filing a class action.
I used to think settlement would be nice, but with all this stock price manipulation for years and years..., I say let the supreme court decide and I hope they bring the government massive financial pain through a verdict for what is right.
If you owned a company, and government raised your companies taxes as well as your personal taxes,,what would your reaction be to your employees/Family/economy?
Keep their pay the same?
Lower their pay and/or their benefits like health coverage and 401 match?
Pass on to the consumer and increase the price of your product to cover these tax raises, and lose market share, thereby having to layoff cut benefits and decrease investment into better product?
Pass higher taxes on to both your employees and family?
Sell off your house for a cheaper one, pull your kid(s) from Yale, Harvard, etc. and make them go to community college?
Just keep paying ever increasing taxes from your wallet and the companies and hope you don't go broke trying to pay all your employees salaries and benefits who....you guessed it pay taxes.
Business people/owners never just pay an increased tax. It ALWAYS works it's way down the food chain. Just like socialism, running out of other people's money, taxes kill investment, hiring, jobs, economy.
If being invested in these GSE's has taught anyone anything, it's that government can not run anything no matter how much they tax or steal. If government is taxing to redistribute wealth, then that IS socialism. If rich guys like Buffett, Gates, Soros, etc think wealth needs to be redistributed, they should STFU and write that check payable to the IRS, but ya know why they don't? That's right, they now government couldn't manage a hot dog stand profitably. So let the rich voluntarily put money back into the economy and people as they have through donating to different things.
But as soon as government starts to try to convince the general public that they know best on how to redistribute wealth via taxes then we are a country heading down the wrong path.
This is true. If the Senate majority = Republican and they strategically keep shooting down any Biden nomination, then he may have no choice but to keep MC the libertarian academic in place. Otherwise he will have to burn major political powder to get his way.
I'd say a academic with zero managerial experience, that is on a power trip is par for the course, as far as micro managing and scaring off talent. MC making comments about the companies cultures and advocating to change them....maybe it's not them that needs changing? Maybe it's the academic guy with the chicken sandwich fetish and Napoleon ego?
Just dropped and order for 1,900 Freddie. If it keeps crawling down, I'll keep buying a couple thousand at a time. I'm already at good amount of shares of Fannie.
No matter what they do, we are not going anywhere. No way, no how can they close down the GSE'S now, 2 presidents tried. I said this day one when I first bought my original shares at approx $30 That no way they could destroy the housing goliath's. The government put themselves in the catch 22, no one else did it to them. No president wants the trillions of outstanding mortgage debt added to the public debt under their watch, hence the screwed up conservatorship. We have value in the shares that has yet to be unlocked. As public companies, utilities, whatever. We just need a few government people with the stones to get it done. This whole election hopefully becomes our lucky blessing in disguise.
GLTA the diligent and excellent posters on here, you know who you all are.
I remember quite well watching all these congressional thieves pontificating about CEO pay when the GSE'S were put in conservatorship, and pay became a banking committee huge issue. Even Obama at the time was griping about the GSE'S ceo pays while pal-ing around with Warren Buffett and Jeff Imelt (hypocrite as always). I believe the pays used to be up near 1.2 or 1.5 million a year, even back in 2008/2009 That was way down the pay scale for running companies as complicated, politically footballed and of this size. I would not blame the top 6 execs and the BOD's if they all up and quit. You could not pay anyone enough to run a company that the Washington divided crime syndicate is always dipping their fingers into.
Yup,,agree Guido. MC making it too difficult with the cap rule to run the GSE's and quite possibly the CEO's were given a heads up on whatever new amendment they were working on and it also adds to burdening the companies and difficulty in running them. Could very well be he said "It ain't worth doing for 600k a year". Too much headache, to little incentive.
Oh yeah, for sure.
Their thesis is FUBAR
He got tired of chicken sandwiches, said screw this, I'm gonna go work where roast beef aujus is on the menu.
Sticky this for future reference of the business and investing challenged. Lol
I think you got lots of company here. Lol
They definitely ARE all thieves making promises.
Excellent points Golf.
Life lesson coming
Thats BS! Lots of companies IPO or offer shares with no dividend.
That checks off all of the concerns pretty good Gak.
It has a rational tone as well. Thanks
I call them....
Bidiots.
Absolutely! Agree.
I believe it's Vulcan. Better the mind control trick than going the pon-farr route Rick. Lol
Thanks navy. Some day they will learn...right now there's a hard way to or an easy way to. Depends on the individuals common sense
Spot on Rick. I always said they had a plan A & B worked out as far as they could foresee with SCOTUS involved. Cross our fingers now and hope they let a just ending to conservatorship prevail.
That's correct. I'm not selling anything. 76k and still holding. Looking for more but I want them cheaper since this situation is ever changing and too many variables.
That's a great idea and a time saver, thanks GAK
If in the SCOTUS ruling they say no direct claims then those who have them may only be left to pound sand. SCOTUS could very well distigush on their ruling since multiple cases and classes are involved. Just my honest view point
In my view...election was plenty incentive, although the election is going to be extended through legal challenges just like the Al Gore/Busch election and chads.
If the administration does not see a clear path to flipping the election then I am sure this will get done. They will be discussing soon on what to do with unfinished business because the courts will be in no hurry to do a rush job on a contentious election.
Something's gotta give!
Well, based on the article we know MC is guaranteed until June. It says scotus will not be rendering a final decision until then. But, if they make MC fireable at will, can Biden just flat out fire him for no reason? By then he will be neck deep in the release of the GSE's and Biden would be dumb to replace him after SCOTUS decides on Collins, and if consent decree happens along with other things like cancellation of the SPSA, NWS and warrants. Once certain things get undone and progressing, there's no going back, in the case of Biden, or there will be many more legal challenges.
Hoping they do this long before Jan 20 Rick. Like after Thanksgiving or just before so shareholders have a reason to be thankful.
The only gift Jps might get is their dividends turned on and that is IF #1 the seniors get canceled & #2 We attain enough capital threshold to allow the companies to pay it. The higher dividend pref's will be bought at 70-80% of par, possibly, to allow for an IPO of more cheaper dividend pref's. Then, possibly a public offering of commons after release IF the price is right and IF we have not hit needed capital to stave off a downturn at a minimum.
Jps puts too much self importance on their behalf. It is not the share class that will refloat this company in the future, and ultimately attract the most investment and money from retail and mutual funds, pensions. So, if the company BOD is wise and FHFA, they will not do anything that creates an abundance of commons law suits or negative common publicity if they are in fact needed to do a public offering.