Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I am doing my best, sheessh
Giddy-up? Gallop?
GONNNNNEEEEE!
HHC is 100 at moment, but still good from the 30 it started at.
Love Ackman
Better watch the court today lol
Rick, I followed Ackman into GGP and then HHC too. I am forever grateful.
Ackman may strike out sometimes, but boy can he hit the long ball -- same for Berkowitz.
I like having Babe Ruth on our team ;)
yeah...
And with Ackman just remember GENERAL GROWTH
"They" all said that was worthless, too.
Multiple gains on that one lol
We will see, is one real possibility - a friend at the court house is not hard to make...
Could also just be the Pershing letter making some people confident to buy more.
Well, Tuesday tommorow, the day the courts post -- would you be surprised to see a Mandamus ruling?
Protecting the 30 year mortgage is right in the wheelhouse of the Trump campaign and the focus we just heard about helping the ordinary worker...
FnF protected the 30 year mortgage since the 40's -- it would not exist without them today -- and Mnuchin said in his congressional testimony FnF were for decades well run companies that did just that.
FnF reform, through a settlement and maybe added legislation, is going to get done in the first 100 days -- this is a gimme "protecting the little guy" item.
AND they are going to trash Obama with those docs if they get the chance -- drag him through the mud or at least the minions who did FnF down...
This week has been money for FnF shareholders imho
lol - Mnuchin stuck to his plan very nicely thanks
90 days and we will have a plan for FNF to be private again.
Agreed,I was surprised by some of the people on here who panicked today
We are going into settlement talks soon where there will be lotscof bluffing and chain yanking.
I read these folks will die when we get that real lol
Yeah, my sentiment too -- said exactly what he wanted to. Did not give anything up, did not lie...
Confirmed.
And in the next 100 days they will look to put into place a plan moving FnF from government control -- note that does not mean FnF will be out from government control in 100 days. But a settlement can be in place, with a plan, that lays out FnF's path to that end-point. (So they can stick that 2018 deadline from Corker's act up his ass where it belongs...).
Bingo -- exactly right
You need to be careful -- where was the lie?
He never said recap and release before -- and so he is correct about that.
Some of us have to be very careful about our words in our livliehoods - Mr.Mnuchin is obviously such a person.
You are not.
One simple answer -- they are going to remove FnF obligations about diversity etc, so NOT a simple R&R... It is removal of previous obligations PLUS R&R
One way the riddle is solved -- and good for shareholders.
I did listen to exactly those words and where he said them. And the words that came after.
The one explicit statement was one that might worry -- BUT the wider set of remarks was he was not taking any options off the table. AND declined to commit to going through congress -- implying a solution is coming elsewhere. AND THAT means settlement... and R&R.
The lemmings jumped and so did the day traders - no worries here. And Mnuchin confirmed.
You think he going to say I am giving the company back in a hearing with Democrat sharks? lol
Sweet music -- FnF were well run. ADD comments that Congressional moves on directing FnF caused bad loans -- and a new view of FnF and its problems. A POSITIVE Treasury view of FnF.
All good.
Right -- but Mnuchin did imply he won't be going through congress... It may be bipartisan, but it ain't going through congress.
Mnuchin is walking it -- no one is laying a hand on him. McCaskell just gave up and focussed on Trump, rather than Mnuchin...
Mnuchin was very politic on FnF situation -- explicitly avoided saying he was going through congress for a solution. In reply to Warner, basically said he does not rule out non-congress conclusion. Very encouraging.
No way this guy is not confirmed after Hearing -- no problems at all.
Trump hates Obama, so if those docs will blacken Obama's eye and/or reputation, then I think Trump will be keen for that to happen...
We shall see over the coming weeks.
Agreed -- no Republican senators have voiced any problem with Mnuchin. Many have lauded him...
so CONFIRMED with Republican votes.
Appeals is waiting for docs!
It gets more obvious every passing week -- as Ackman said in October, it looks like Appeals is waiting for the docs from Sweeney court.
So forget an Appeals ruling till AFTER Mandamus and AFTER Appeals gets those docs.
IMHO this is hugely positive, since it looks like Appeals is going to hit the government -- otherwise, why wait for more ammo?
Try counting Republican senators, this is going to be a very easy vote for the Republicans since there have been no new problematic revelations.
So Warren will squawk -- but she has done that every day now and people are long tired of it. No impact on Republican votes -- and that is all they need.
Done deal.
Going nuclear with docs is a real possibility for Trump admin.
That is, releasing all docs on arrival of mandamus decision.
AND launching all out condemnation and probe of terrible acts of Obama crew - inflicting maximum pain on Obama crew. Think massive flame attack.
Such an approach is perfectly justifiable - new admin shocked by acts which it exposes - hence making Obama own them to muchnpain.
This gives Mnuchin cover to release BUT it obviously then constrains settlement talks to level of restitution for holders over NWS - gov still has warrants cos those are not subject of relevant docs.
And the big Trump allies get a payoff so big future was chest for Trump alongside damage to Obama and revs from profit on warrants - push strike up and/or reduce number of warrants pushes share price up hugely and all sides are happy to settle...
Fantasy? I don't find it so implausible (break off some warrants for prefer damages etc). Fingers crossed...
Delaying Mnuchin is fine, gives more time for the Courts to rule... got to get (a) Mandamus and docs go to Appeals who mull them over and then (b) Appeals rules.
We want those Court rulings out there to give Mnuchin/Trump cover, a huge stick to beat Obama false narrative and a hell of a lot more leverage in settlement talks.
So, all good, PLUS by February there will be burnout on these hearings in press.
Perfectly understandable Stinkie, when you have a lot involved you have to worry about losses.
I really see no reasons to continue to be anything but positive -- the real engine coming next is the Courts. And I am pretty sure nothing has leaked about them yet.
Once Courts rule for plaintiffs, AND we get those brutally incriminating docs, then I think we will be on very solid ground for a settlement... And the SP will have moved a lot higher...
I really can see $10+ if Appeals rules for plaintiffs. Taking a 1/3 off then might be tempting...
TH 717 has been a flake for a while -- he does whatever he wants for who knows what reasons. I would ignore him, very unclear he has any info to impart. Just lots of "Rah Rah" and vague "Things are afoot, take heart...". Basically, fortune-teller BS. The blog stopped mattering a while ago. All IMHO
Sadly, you can say the same for the Republicans -- which just shows what a mess our political institutions are in, right?
Yeah, Harry Reid was a genius on this and many other things -- not sure he ever heard of taking the high road...
Thanks Commander, I had not seen those comments (stopped reading him), that is very funny indeed
I think Carney was desperate to leave WSJ and/or took the money lol
Carney found his level, finally...
Not appropriate for WSJ -- BTW anyone think he had been side-lined there with that "re-assignment"?
Now Carney works for a site widely taken to be a racist shill-site -- desperate stuff for a "well regarded" journalist since you won't be going back to mainstream media from there.
But Breitbart makes it own news in a popularizing way, so perfect for Carney... I think they used to call it "yellow journalism"
All about the courts now, IMHO
Next big events are (A) Mandamus ruling then (B) Appeals court ruling.
I cannot see how much longer the Mandamus ruling will be but could come any time. I think after the 20th is more likely than before, since it removes chances of further appeals.
Once Mandamus is in, docs go to Appeals court -- how long they take is really up in the air. If they are already locked and loaded with a judgement, just trying to avoid contradicting evidence and/or waiting for support from docs, then they fire off in a couple of weeks after Mandamus. Could be a month longer otherwise.
BUT once the docs are out Trump and allies can carpet bomb the media with stories of Obama misdeeds. AND a favorable Appeals ruling gives Trump chance to deal with plaintiffs in settlement under cover of "correcting injustice and following rule of law"...
So all highly favorable, but we are well into February or March IMHO before Court actions (A) and (B) are both done. Anybody else got guesses?
lol Stinkie, I also like your input
In one sense, nothing we write here matters -- our "leaders" and "betters" will do what they do regardless.
On the other hand, it does matter to have a more accurate view of the situation -- for example, you can then more accurately decide when to take profits and how much? ;)
So I value hearing people's views, ZZ's, yours, Ober and lots more. And we are going to need to mull over lots of stuff in coming months imho.
ZZ, you have a bet - I say no release before inaugaration...
Eddie, I think the court cases provide Trump with cover AND in any negotiation the court cases will give us leverage with Trump administration too.
Fingers crossed.
Hence the importance of the Mandamus motion ruling and Sweeney's judgement...
BUT you can see why the Mandamus ruling may come after the 20th because it IS the sitting adminstration's decision how to react to the Mandamus and Sweeney rulings -- i.e. the Trump administration can accept them AND THEN release all the documents, plus 10,000 more, after a review that shows all were equally wrongly taken to be covered by priveldges.
Once those docs come out watch for a BIG media push on the misdeeds of the Obama administration revealed by the docs -- which we know are very real...
THEN those same docs go to the Appeals Court... guess what kind of ruling you might get there when that court has been waiting patiently for those materials?
Going to be an interesting two months in January and February. It is, IMHO, really good Trump is taking this issue on early, since right now the Republican house cannot stand up to him. In two years? Who knows...
Reasons for for Appeals Court to wait till after inauguration?
Anyone see any reasons why the Appeals Court might wait for inauguration for post decision?
An appeal might be a lot less likely -- maybe government accepts. But Trump could always reverse Obama decision to appeal....
Anyone see any other reasons for Appeals to wait the Obama goons out?
If Mel Watt wants to be awkward, then I think they should start proceedings against him as director - or hint strongly in that direction. THEN leak docs showing what has been happening...
A fat serverance package will smoke Mel out, the talk of staying is probably trying to push the severance fees up lol
Well, real Tim Howard notes they got around 35 billion in reserves that can easily be reassigned -- god knows what else there is out there.
PLUS Government makes some concessions and kicks in a few 10-50's billions more either by cutting warrants and/or raising strike price to sensible level and/or as cash settlement for taking, announce the news and the SP goes way high...
PLUS Then do a preferred offering. SP go higher.
PLUS Finally do a common offering if you need it at all...
Government wins big, all security holder win big...
Going to be 2.5-3% and we can get there VERY easy IMHO
But what do I know lol
Thanks Commander, very well reasoned and interesting analysis