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Don't forget, I'm with ya on that Guido. Those warrants are paid in full.
I hope what you say happens.
From that CBO report.
Boldly admitting the nationalization by congress:
Deciding at what point, in consultation with the
Congress, to stop treating the GSEs as government
entities for budgetary purposes.
Because Congress is unable to do their job and cut the fat like giving out money for LGBTQ (ABC) bathrooms, and a host of other BS special interest crap that most sane voters would not support.
You betcha! CC is full of it.
Been proven wrong lots
Big +1
All of the above. Lol
Yes sir, that sums it up nicely.
This is more likely why we popped a little.
https://finance.yahoo.com/news/u-economy-poised-substantial-rebound-133000056.html
That selling is all short margin call driven, no doubt.
Why are you so worried about commons again? I mean with your moniker and all its pretty hilarious your obsession with commons. You lose sight of your jps investment as it is getting closer to its crash and burn moment.
Yeah, just wait until a hedge fund lets lose of a couple million pref shares. Then tell me about your price volume theories. Lol
Coming soon.
Really agree with that point #3 ano.
I do think Trump may be pushing FHFA MC and SM to let the courts "rule this outcome" because he doesn't want to see another administration being able to use this crooked unlawful takeover scheme ever again. And SCOTUS spanking the government will do that. It's not like it is Trump being spanked, but the previous admins since they are the ones responsible for setting up the pyramid scheme conservatorship and it's amendments, NOT Trump.
Yes, for sure! Directing funds like that is called embezzlement. That's what the NWS definition is : government legalized embezzlement.
Great analysis guido2!
Great stuff ano, keep'er coming!,,,
Every event that has been listed on here that takes us in a positive direction toward commons price appreciation via the GSE's meeting cap requirement goals will jump common price, but most likely will be negative for the jps shares, except cancellation of the apes and maybe a tiny bit relist. If cap levels ever get high enough to reinstate JPS dividends court awards could help JPS price, maybe, but those dividend reinstate cap levels may not be hit for years.
Warrants canceled - pos commons....neg JPS
Consent decree - pos commons....neg JPS
Over payment being repaid - pos commons....neg JPS
Relist - very pos commons....slightly pos JPS
JPS court case on contract claims could go either way, I would not bank on courts finding for jps on those claims and screwing up whatever SM and MC have in mind for release. If their contract claims case gets canned, even if it gets appealed, there will be a fire sale on preffereds.
JPS do not want to see consent decree. The moment that happens, jps will sell off.
Where's the million you owe me? No. I will not take the monopoly money you are currently playing with.
I'll bite....let's do a million though, since were talking about your pretend money.
Tell'em Robertus! My take:
The jps are blinded by their belief that they are first in everything, but that is not true. Only in dividends and liquidation pref. Otherwise, they are nothing special. Like common shareholders, they are not being treated special, blinding yourself to this simple fact for release will determine how you benefit AFTER release. Commons have stock appreciation working in their favor. JPS are having volume issues and the price will be stagnant for some time later on when release happens, once folks realize capital goals must be met before dividends for anyone get reinstated.
Commons will have the eventual good news of things happening prior to and after release. JPS keep saying conversion...I say when? Give me a date. If it was so important it would be listed in the requirements for release. The best anyone can point to is a statement from a ways back where it was said jps MIGHT be offered a conversion as part of the capital raise, but with this fee....once Trump understands the full implications he'll leave the fee be.
Nails keep being banged home on that jps investment thesis coffin!
This is them learning the hard way what was meant when it was said shareholders will not benefit from a windfall...JPS should have been listening back then, but with blinders on and remedial reading comprehension, they interpreted shareholders as meaning only commons.
Been reading your Bradford articles and drinking the kthomp coolaide.
Lol
Wow, okay. That's good to know Guido, thanks.
I would assume though that it will fall some after the next few years and this house buying/refi boom slows...but then again the housing shortage is real and has been worsening, so possibly this boom has legs for a longer run?
Navy, you should definitely tweet him that!
Nice! CHESS. Those are definitely FACTS.
Doesn't matter.
Just add another strike to the jps investment thesis of needing to convert jps for capital. 9 billion annually fee + approx 10 billion annually profit...won't take long to hit those capital milestones during a release consent decree. JPS are seriously going to be lucky if they are even offered any par deal now. Going to be a very, very long wait for them on both par and dividends.
Just add another strike to the jps investment thesis of needing to convert jps for capital. 9 billion annually fee + approx 10 billion annually profit...won't take long to hit those capital milestones during a release consent decree. JPS are seriously going to be lucky if they are even offered any par deal now. Going to be a very, very long wait for them on both par and dividends.
Price will move tomorrow since the sale was so close to closing...and that move most likely will not be to your liking.
Hahaha lol.
You'd hear heads exploding from California to NY. Lol
We need mongo beans shoveled into the locomotives engine!
Then BOOM CHUG-A-LUGA-LUGA, BOOM CHUG-A-LUGA-LUGA, BOOM CHUG-A-LUGA-LUGA, BOOM
How about the 40.10 to BOOMA!
When they gonna Punch my ticket damit!
Agree, I'm dying to see what is in those presidential privilege docs of Obama's!
Not sure about #5?
That 0.5 fee is rfi's only, so Dems will see that as money being paid by those who can afford to. Since the fee is not tied to new home mortgages, it can't be used by Dems to say that the GSE's/FHFA are pricing the poorer and minorities out of buying a house.
Thanks
Agree! Lol
U R welcome.
No biggie. Some are so blind and manipulated. They do not tie together what is public knowledge on purpose to deny that our government factions are the problem, because they are part of that faction.
I bounce back and forth between 75 and a hundred on Dems being the problem. If you go back to 2008, who was really the culprit? Busch for putting GSE's in conservatorship because all the failing banks who gave loans (forced by Dems) to a bunch of people who neither qualified or could afford? Or Dems for demanding civil rights via housing affordability? Dems learned nothing because they are contesting the current cap rule using their race/minority card like always. If a person can not afford, they can not afford, it's all about life choices, and Dems need to stop making excuses for those making bad life choices. This is the land of the free and equality and opportunity! YOU make the best of it and quit bytch'n about how special you should be treated. If you live here, you pull your load with everyone else.
So like 1 years worth of FNMAS volume in fnma buying in one day....hmmmm
But wait a minute, G. Bradford says volume doesn't matter, so there's that, I guess?..
Wow, 2 back to back 500k buys in one day....thats more volume than FNMAS experiences in like 2 weeks, now a days.
But ya know what? Bradford says that volume doesn't matter....so there's that I guess?
Per Glen Bradford: "volume doesnt matter"
So assume FNMAS can go to zero volume and still be in the BIG money. That's how Wall Street works
The banks were forced to play by the rules the Dems in DC laid out for those poor under privileged (aka minorities) borrowers with crap credit and crap paying jobs due to THEIR LIFE CHOICES.
Defend Dems all you want, they are the root of 75% of all DC evil. The Republicans own the other 25%, in my opinion.
I was there back in 2008 and was paying attention! Yes, the banks did underhanded stuff, and yes it was because Dems demanded that minorities making barely enough to rent should be entitled to home ownership. Hence, teaser loans and all kinds of other stuff.
Here's very current proof if you need it. Sorry I stole your quote Rumple, but this guy needs to wake up.
Current news quote:
Waters, Clay and Heck also said they were “very concerned” that the new capital rule would slow the nation’s economic recovery from the COVID-19 crisis by increasing borrowing costs and hampering the GSEs’ ability to provide liquidity for the housing market. They further said that they were concerned that the new rule would negatively impact minority borrowers
Wow, you're older than me! Welcome back mongo.