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Whoa! That's the volume they had yesterday that someone posted...230k.
Probably Pelosi or Schummer dictated that letter and Maxi signed.
It's all about obstruct, obstruct, obstruct and obstruct some more whatever Trump and his team are trying to accomplish so slow Joe nd Dem party doesn't look worse then they already do.
Excellent post, please send to maxi
Something is going to happen soon, otherwise she would not be running her yap and exposing her non intelligence.
Advisors are going to tell the government not to do a dam thing to favor any share class. They know both may or may not be needed to raise capital, so you don't want to start making bad reputations of either if you want to attract investors.
Probably advising the Gov on how to handle the warrants and seniors. NWS will be history.
Come on release/consent decree and relist Nov 3! Lol
Sorry about the loss of your mom, heaven is real to me, so she awaits meeting your family and you again in paradise, as my parents await me....this has been going on way to long for sure - like a bad joke who's punchline has been forgotten.
Does that article sound like someone may have leaked some inside info to Bove?
Thanks for the read brooge.
80% par is way to much for most of those who bought super low. Should be more like 40-50% par for those who bought after NWS.
80% Or better for those bought before.
What was that statement Sweeny made about buying into these court cases to make a fortune?... can't remember her exact words, but she gets it right.
Thank you again Yank for the slap in the face with truth.
Why do jps think release, every court case, the warrants, the NWS, the bod, Calabria's job, etc. ALL hinges on jps and jps only?
This is fact for what I know: every company needs a common share for public investment.
Not every company needs preffered shares, and in fact preffered shares are becoming extinct.
Find me a company that is only preffered shares....
JPS underestimate their true worth in the grand scheme of things. They have 2 purposes, their money invested buys a dividend and a liquidation preference, they only come first in these two instances, and sometimes that's not always true based on past legal cases.
Kinda of a lateral move from sea cucumber poop...
If they merge fannie and freddie, from what I've read, the jps would really be screwed. Courts allow for more broader and more company biased court decisions when a merger is in play.
What's the Vegas odds on Lamberth denying those contract claims? I mean, they have not won that yet, right? Lol
None of them do. Oh well, their loss
$30 to $35, watch!
Please read! For you G Bradford
Jps better wake up!
https://www.foley.com/en/insights/publications/2018/07/common-misconceptions-regarding-preferred-stock-cr
Have jps won those contract claims yet? No one handicapping it or even talking about it in jps land/board. The court case is all the rage with jps, yet none of you are discussing the implications. My guess is very few jps even know what their contract claims entails and are just hoping the mighty hedge fund lawyers are able to bully a federal judge.
I've read a few jps purchase contracts, I am no lawyer, but the contracts seem pretty cut and dry, not legally easy to challenge. I've read where many other preffered shareholders have challenged their contracts with other companies and lost. I have not read any legal papers about prefferred's winning,,hard to find.
Excellent thoughts from Rosner, guido.
What he states is very true. Ever since Collins went to scotus, and the news for government fighting this next year has all been pretty negative in governments favor, this is why I'm betting on surprise settlement/consent decree just before election. Remember, they like to release news around events and holidays. The Democrats will accuse Trump of trying to buy voters....maybe then he'll shove the Obama docs in their face?
Good chuckle there...
I understand it better than you might think. The government has not treated any shareholder class worse or better, going into conservatorship and during. Why would they change that precedence now at release? Because JPS say they have too? Because a couple rich jps hedge funds say they have to? No. The only way anyone gets special treatment is via the courts direct claims, but those are falling one by one and soon will be none. So what does that leave? Yep, derivative claims which = benefits companies, which = benefits shareholders each in their own way. So, place your bet! I'm staying with my commons for the derivative win potential, jps has very little to gain derivative wise.
Or maybe less....If warrants go, no reverse, we hit 20-30, and if jps dividends get kicked down the road, then jps price drops while commons rise. They really may get offered to convert 3 jps for 1 common or government buys the jps cheap.
Yeah, you go right ahead and listen to analyst #4635 and make investment decisions. After, please see me for whatever money you have left, I know some great swamp area in DC that's for sale. Lol
Yes sir! That is a fact. Hard to see through tunnel vision for some though. Keep the reality check slaps in the face going Yank.
Here's to hopefully hearing surprise settlement/release news in the next few months! I just don't think Mnuchin and MC want to roll the dice with scotus....you never know though, what Trump has up his sleeve.
Yes! This is kind of how I was angling. Thanks
Yank, question for ya...
Do you think the responses that are currently there, will they make a difference in the rule as far as changes? Or, Do you think MC will follow through on the rule as is?
I think he put out an overwhelming figure for capital on purpose to get the mortgage community fired up so they would comment and give himself leeway to change the numbers, without throwing congress and the banking committee into a melt down. Now, I'm not so sure. In the current form the rule will absolutely make mortgages less affordable for all, as Howard has said.
Well....let's see....the GSE'S are currently being raped and have been by the government for 12+years, so I would say if anything, very similar.
Spot on mrfence. That is why my current 60k plus shares will see this through till the end. I'm probably a minority in that I intend to keep most of my position for the dividends that will eventually be reinstated.
I think short term a stopping of the NWS will help commons more. It may help jps price move but they still won't be getting a dividend until the capital mileposts are met. The stopping of the NWS will bode very well for commons even longer term because based on the current positive mortgage news, the GSE'S are making good $$$, so that combined with no more NWS, will require a new evaluation of capital raise solutions and amounts. This is what will kill any conversion or cram down theories.
If you throw cancelation of the warrants in with this....I don't see how there would be any need what so ever to do a massive dilutive cap raise like all the jps here are wishing for. With NWS and warrants gone, the GSE'S would be well on their way.
Gonna give Mongo a bean induced heart attack.
It's price appreciation that is going to catapult commons. The majority of claims are derivative and not direct, so the companies will benefit first off, then commons due to our owning the companies - symbiotic relationship of company and commons.
The only way commons or jps see a special one time dividend, in my opinion, is if it is part of whatever settlement is being worked on OR if a court (or SCOTUS) grow a a pair and really tries to right this master screwing of 12+ years.
Thanks, I think it was reasonable and honest facts from what most of us here know.
Current commons own 20% of the companies, if warrants get canceled, then possibly more,,way more. Commons own the right to vote on company matters when released or consent decree. Common shares are what will entice new capital because people will want growth in share price, not a liquidation preference on something that is non cumulative. These are the reasons all you jps want conversion, right? Except you expect a stellar offer from the government even though commons have as much right to being treated special, if not more. But for now it's drive negative information so you guys can get your hopefully 20 to 1 conversion....ain't gonna happen, sorry.
Prefferred's own a dividend (not being paid and will not be for a while) and a liquidation preference, which as we now know is a non event, non existent enticement only to hand money on over to the companies to use as they will.
Arch angel Gabriel is known as the bringer of death.
All we need to die is the NWS, WARRANTS, AND maybe the seniors.
I'm kind of rooting for the senior prefferred's because they are HIGHER than Jps. Lol
If warrants go and seniors stay, jps holders will be heard wailing from the highest mountains to the deepest sea. Lol
I'm on board with that.
Careful now....you hang out and post alot here. Remember the saying about pointing get your finger?
Hopefully God sees justice done. A word to the government....
Life is short, remember death
Just don't eat the yellow ones like the jps crowd.
Would you rather be paid 0.50 dividend on your 10k shares or on your 5k shares when a dividend is announced? This is why they would do a reverse split. To spread the future dividends to any new buyers of new issued stock. In others words, line their friends pockets with future GSE profits.
There are numerous ways they can get the price up for relist without destroying shareholders
This is not true. There are plenty of retirees out there starved for interest return on their investment due to feds ultra low rates. If they issued 15- 20 billion prefferred's paying 2.5-3%, or a variable rate one that climbs with interest rates, people would pull their CD's and money markets real fast to jump in.
So...wrong again amigo.
Guido, I've been reading articles and tweets that are all starting to predict around a 15 or 20 billion cap raise. Easy peasy no jps needy!