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Ask the Magic Eight ball since it has more sense and tracks the actual world better...
They can do what they want since they own the warrants -- for example, they could change the strike price and how much goes to the company as part of a settlement.
What news?
Completely agree - reading what OCN and the companies it bought got up to is shocking... and they have not stopped!
FnF were not the big problem - the private company players were the issue from banks to servicers
Not sure where you were going with this.
I follow OCN and this allegation about escrow accounts is a new one on top of everything they were busted for earlier.
If it is really true that the are escrow discrepancies to 1.5 BILLION, and that the company says it cannot rectify that... well, let them go under.
Curious to see if it bounces back tomorrow. I have not been invested in OCN since early in 2016.
And you have been here one day lol
Plague of short posters here = something is up
We have seems these teams before and often a sign of good things coming
But I am dug in for the long haul, no margin, and happy to wait for Scotus and Sweeney and Collins andDeleware... if a settlement does not beat them to it. S&L took a while but got there in the end
Watt for the chop in house bill...
So this further confirms fhfa was unconstitutional and needs to be changed
And it provides a way to remove one more impediment to an administrative r and r
Amen to that...
If they are planning on dragging the Obama admin through the mud, then they might need to wait for more docs to be publicly released. This recent PR might just be the softening up stage. Shock and awe will come later. Perhaps even through the all mighty's own twitter?
One thing we do know: DJT hates - I mean HATES - Obama. An all out drag through the mud campaign would hit a lot of positives - and recap gives many billions towards Trump goals.
Win-win?
One suggestion: Is the administration in secret settlement talks again right now? That is one possibility. (And we know even Obama folks had such contacts and tentative talks..)
Another option is that Mnuchin is getting his ducks in a row, namely Watt as well as plaintiffs, and Trump and team, PLUS lining up a coalition to back any move (community bankers, mortgage folks, etc).
I find the appearance of well informed pieces on INFOwars, and then on Tucker Carlson show, indications that SOMEONE HAS GONE ON A WELL CONNECTED, AND WELL FRAMED, MEDIA OFFENSIVE
I like the latter A LOT... what can you smell? Bullshit or what you get from a real short squeeze? The day is coming.
Senator from Well Fargo... OUCH. Gloves are off..
This push is not happening by accident folks -- the PR press begins...
I conclude they are putting squeeze on in some hard settlement talks with plaintiffs right now...
Crazy like a fox
Anyone find what news/leak/rumor is driving this drop?
Or is it Corkie getting greedy with his short?
The tax bill looks like another debacle, but let us hope it does not consume Mnuchin
The various factions of congress, and the White House, will have a tough time agreeing who gets tax cuts (middle class, wealthy, business) whilst not jacking up the deficit -- frankly it is hard to see how they get a "grand reform" plan they can agree to
In contrast, Mnuchin can, along with Watt and the plaintiffs, strike an administrative solution with FnF -- hence radically boosting a huge part of the US economy... Will the Trump administration be brave enough, and competent enough, to do this?
It is one of their best shots now for an achievement in the 1st year of the Trump administration = they should go for it
dude, no guts, no glory
Short raid today...
Hitting us hard on no news. We have seen this before and will see it again
Ame to that.
No news, nothing has changed Ackman's case for a possible multi-bagger.
Time to hold -- either Courts or Mnuchin will deliver value. I do not care which.
If that is it, who gives a crap?
Chaffetz should start looking at something serious.
Point taken. Thank you for clarifying
rgd, you are questioning the credibility of the wrong person here lol
Ober is pretty scrupulous
I also saw some of your earlier claims about the roles of the TBTF banks and FnF, so I also think you are way off base.
You are going to get a chance - shorts will hit hard today
The real exciting thing is why is Corkie worried at all? It appears the rats are worried enough to speak out - so someone has leaked someone in power's discussion of halting sweep.
Hope we may choke Corkie with a recap yet. Though I would prefer to see his inditement and a recap
Very interesting. I hope they are going to "out" the Obama admin behavior on grand scale...
Highlight the lies about NWS and how it really was designed to fill funding shortfall for Obamacare when congress refused to appropriate funds
And hence highlight the connected lies that Treasury and FHFA told about a "death spiral" when they knew, and planned to use, a huge revenue stream for healthcare
Use docs to make all that clearer & slam Obama, to Trumps delight, and drive though R&R for FnF - correcting the wrongs and reaping huge windfall for government
One can hope - though Chaffetz is shady
Corker crawls out from under his stone... sadly.
Has his ethics investigation finished, is that why he can show his face again?
Shameless.
WOW -- we get a day in court... Sweet.
I agree Stinkie, I doubt they stop the payment this month, but I think Mnuchin is going for an R&R
If you think Watt has not been an agent of Treasury's will for many years, then you are very misguided.
Your "definitions" do not track actual political and social processes -- sorry to let you know.
It may be that "by definition" the Director is not an agent of Treasury, and the wider administration, but Watt acted as such under Obama -- his actions make that undeniable by any reasonable person.
Mnuchin and opposition in the White house.
As Tim Howard has emphasizied, Mnuchin is a pragmatists with practical experence -- but as this article on a different issue outlines this means Mnuchin is opposed to the ideologues in the WH. And so the knife fights we are now seeing are common over there have commenced. I think this impinges FnF:
http://www.politico.com/story/2017/03/white-house-internal-battles-treasury-department-236476
Let us hope Cohn becomes chief of staff when Priebus inevitably gets blamed for everything.
Thanks. Strange way they titled it...
The bottom line is the companies, since I am sure FNMA is guilty of what FMCC has done, have violated a bunch of regulations. Curious how much of this was at the direction of (i) FHFA and/or (ii) Treasury.
We are ramping up a campaign to tie (A) NWS to (B) violation of various laws and also (C) to Obama admin, Obamacare and anything else that gets the right revved up.
That is the media campaign we need going into the next phase IMHO.
Very interesting this came now and helps that campaign :)
Ober, very glad to see we are on the same page. It is reassuring, though as you have noted before there is so much that is open.
Place your money, after careful reflection, and take your chance...
Let us hope Mnuchin does better than Ryan - though the big advantage is not having to deal with congress
Fingers crossed.
AND the courts are still a last and independent option if all else fails
Already priced in a that they sweep imho. IF no sweep we see a real move ;)
RIP Melvin Watt, Director?
Well, this would be a nice little way to end run a whole lot of problems.
Mr. Watt may lose all that leverage and influence at a stroke...
Interesting indeed.
Thanks Navy, Paulson is no fool
We have not seen plaintiffs go for either yet. I think they will try both
One estimate was that we could get to SCOTUS in 2018 if they took the case, so that is not so depressing.
But, yes, the Obama admin did a great job of obstructionism and hence slowing things down.
Sweeney needs to wrap discovery up and get the process going to her finally ruling...
But then we have the Delaware cases on another track. And a bunch of others. PLUS we have the issues now returned to Lamberth by the Appeals court.
So... onwards with the courts -- we need that stick hanging over Mnuchin so that we can get some kind of fair shake in the recap and release of FnF.
Washington Federal awakes! I guessed this was coming, funding this suit adds more leverage in any settlement, PLUS it adds a whole new way to win for shareholders and potentially on an even grander scale - this is not just shutting down NWS
Beggining to think either the courts will be our eventual salvation or that we really need the leverage with the Trump folks...
Get that en banc review of the travesty of an appeals ruling up and running NEXT! And then on to SCOTUS if necessary... Let Gorsuch at this over-reach along with Thomas, Roberts, Alito and Kennedy.
Stinkie, all the leaks now out of the last few days indicate admin is doing something without congress -- as we thought.
We got to wait to see what they do and if they try to settle.
Either we get a good settlement or we go to en banc review, SCOTUS and all the other cases. The courts will eventually throw out the travesty Ginsburg and Lamberth authored IMHO.
Principles for GSE reform by JUNE, says Pence Aide Calabria...
see the report here:
http://linkis.com/morningconsult.com/2/d7krD
So we wait till at least then for admin approach, I guess
Well, that was a valid argument -- but it is unsound. That is, the premises are mostly false.
Good luck to you. As I have said before, you do not have a lot of judgement about how the wider world works. It does not normally follow narrow legal readings.