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That sounds like what we'd be looking for Guido. I'm just wondering though if one group or case does decide to "push" their case with the government to trial, how would that affect a settlement with everyone else, since so much of this is tied together via dividends, warrants and sps which affects every investor, no doubt.
Wonder if those dangling cases that wont settle could maybe screw the pooch for everyone???
Thanks Yank
I have a question that deals with any settlement that may happen...
Does the government settle via case by case, class by class basis, or does it do a "derivative type settlement" where they only deal with settling with the companies to satisfy all outstanding litigation? Is this last derivative type settlement even possible?
The more I think about it, any settlement would have to address mainly derivative type (solely GSE) claims since the courts are shooting any and all direct claims down like ducks in a shooting gallery.
So, what I'm looking for, if there is a settlement, it is or will be a blanket type one, and government washes it's hands of dealing with each share class and case separately. Not sure if that is possible or can even be done, but it would be to the governments advantage if they could roll it all into one big heist. Lol
Jmo....anyone else got thoughts on this, I would like to hear them. Thanks
You must be trading in an IRA or Roth? Myself, I only have about 14k shares in my Roth I can trade. Otherwise all my other shares are in a brokerage account. The only way you can trade that is if you jump back and forth between Fred and fannie, otherwise you generate cap gains taxes.
I'm retired, so taxes need to be watched closely. I imagine many here go through a brokerage account, so trading is not always as easily done as said.
Saaaaweeeet. Lol
Fannie takin it you Mae (play on yoda)
Freddie Mac the knife
Yes sir-eeee choreographed to maximize the political punch! This is why I say some/most of this stuff has been worked out for months, just waiting for the courts to go through their motions.
I really hope those docs get released. Who cares if it embarrasses the heck out of two administration's or even shows them for being the crooks we know they are.
Thanks
Good stuff Golfbum
Yep, most likely.
I'm of the belief that this is all mostly worked out weeks, if not months ago, and what we perceive as new developments is just the scripted performance that was agreed to.
I sure hope so.
Hopefully most the scotus judges see the government larceny plain as day
SCOTUS is punching holes through these congressional laws that GWB and BO administration's put in place. What does this say about our congress and Senate (the supposed law makers)?
Many of the same morons responsible for the fhfa, conservatorship Hera law, etc are sill in congress/senate.
My sentiments also!
Smart folks will sell the fnmas pop because they know fnmas always drops....and the cliff jumper drop will hit them tomorrow, so better hurry.
Calabria is quoted once again "it is not the FHFA's job to raise capital for them, they have to do that themselves".
This follows the train of events that should make that happen:
1. Consent decree
2. Any court mandated settlements must be completed to see big picture financially.
3. shareholders get their vote.
4. Warrants and 79.99% must be settled b4 new investors are brought on board
5. Pretty good chance after all this the GSE'S will not need to raise too much. If shareholders get their vote back, and bod along with shareholders do a proxy vote for a capital raise....jps, lookout below!
+a bunch!
I ask you.....is there anything better in this world than being a a jps holder?
-noncummulative. For those lacking understanding : means No Dividends while companies are in capital raise mode,
-nonexistent liquidation preference. I'll say it again...listen, GSE's will never be bankrupted.
-NO DIRECT CLAIMS. Sorry 8-(
-No case being fought or primary government head has ever asked for conversion.
-No case being fought or primarry government head has ever asked for cram down.
-No dividends, this may well continue after consent decree release.
-No derivative claims unless a judge reinstates both common and jps dividends.
-No contract rights, they say a case is being fought on this, but sorry to tell ya, while IN CONSERVATORSHIP, your azz belongs to the government, just like commons. If you get your contract rights, then we should get our voting rights.
-No par, the lucky ones will get 80%. Those who bought jps for a few bucks, most likely will not get a windfall! There's that word again, windfall. You are not immune from congress, MC, SM or DT. No matter what any pundit says the JPS will get, they absolutely do not know and you are mislead by this. Only when either the key government conservator MC, or Sec treas. SM, or JPM/MS/investment advisors or the president specifically states what will happen, then and only then can you be somewhat sure. Jps will not fair any better than commons. Jps saying they should get par is like commons saying they should getting $70-80 a share as the price was b4 conservatorship.
-No, jps do not matter in the hierarchy of the corporations right now. The government controls EVERYTHING until, #1 a consent decree, or #2 courts take hold of the legal reins and put the government in their place. For jps holders to keep denying this simple fact, is very dangerous to their financial well being. So all the jps blather about share structure, dividend pref, etc is nothing, not-a, no win. You have nothing but price fluctuation going for you, just like commons, so wake up and smell the coffee!
By the time consent decree happens fnmas price will be lower than fnma. Consent decree will bring shareholders rights, and jps are deathly affraid of that.
Sell the fnmas pop,,you know it's gonna drop like today!
You missed it! FNMAS down .65%, Should have sold the fnmas pop because everyone knows fnmas drops, it's doomed!
O T C
Outright Thievery & Collusion
Very well stated trunkmonk!
My view also.
No Buffett! The guy is a vulture. Jumps in on a special deal or offer, waits until after the news advertises it for him, which makes his lemming followers jump in to drive things up for him, then he bails in the middle of the night, poof, just like that, while those left are holding the damage.
This gets to the root of the JPS argument about conversion. Their whole premise is built on the GSE's getting zero out of the court cases. They think only jps direct claims will be recognized only.I guess they have those horse blinders on???
Derivative claims are totally lost on these jps conversion pushers.
The courts and their snail like progress is exactly why I think administrative actions will be forthcoming very soon. There is not a lot of time to wait for courts to kick this year's down the road. Watch for Trump, SM and good'ol MC to start expediting those things that they can while courts do their eternal procrastination waltz.
Perfect! We need to paste this when they do a new offering if things are not taken care of as they should be.
Let's see what happens the last hour or so today....
I'm gonna be optimistic about it.
Stock futures are looking up! Hopefully lots of good GSE news is responsible, pent up and ready to be released.
Gives a new meaning to pref's
Pyramid scheme:
a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones.
Get ready Amigo's!
It's going to be an exciting week! I N D E P E N D E N C E
Get ready Amigo's!
I gotta feeling way more is gonna happen this week than just SCOTUS.
Where are P's going for their celebration, for their dividend reinstatement, if they get that out of a settlement?
Disney World?
Wally World?
Carnival?
I know it's gotta be somewhere that has lots of "spinny things"
I liked that last point. Bravo!
One part the article needed to expand on is the part where they stated the GSE's are designated SIFI and take on extraordinary financial risk....they should of expounded more about how political manipulation is probably responsible for at least, at minimum 50% of that risk, and is why the government needs to provide a back stop and quit bytch'n about taxpayer risk, bail out, investor subsidized gains by tax payer and the government, etc.
If the government kept their dirty little hands out of the GSE's business and let the companies be run without being a congressional whipping boy, everything would work as it should, including lower capital requirements.
The way the government has treated the GSE's these past 11-12 years has nothing to do with capitalism, and is why they will likely have a hard time raising capital. They already worked themselves into a corner currently, and are blind to the fact that "THEY ARE THE PROBLEM"!
I bet those trade groups have liberal leanings. That will be the name of the game from here on in. As Trump tries to expedite this along, every liberal press media, group, politician on earth will try to stall this....politics. This is why they need to release the Obama larceny docs. Once the truth is known, then much easier to giddy up this process.
+uno amigo, let'r rip.
Super biased one point view can not be augmented by his stupid pyramid.
Here's a few fun facts:
Government can not attract investment in a stock that will be perceived to be overly diluted.
Common stock price, once relisted and out from under governments boot on the throat will be VALUED BY THE MARKET. It's true price will then be known. Easily up list once this happens.
Pref's on the other hand are controlled. All the government has to say is no dividends for however long. Will this affect commons? Sure, but we have stock price appreciation working for us. Always!
Pref's still struggle with the "no windfall for shareholders" comment. You are pref shareholders, hedge funds hold most the prefs, congress is vehemently opposed to any hedge funds reaping a windfall from this situation, and this administration's is well aware of that. So what is hard to understand about that? At this point I have to assume reading comprehension is not a pref holder requirement, especially since some of those law suits are about back dividends and pref contracts all say NONCUMMULATIVE with a definition of that. If pref's want things undone to get their dividens, then much has to be undone for commons, so that would shoot your conversion, cram down, reverse split all to hell.
Pref's think the stock gets crammed down, reverse splitted, converted to oblivion and before that they will get 125% par and their back dividends....lmao. Greedy much! Yet they want to be converted and for the price to magically go up somehow after all their conspiracy thesis is incorporated. I hate to tell ya...there is way more bias to hurt the pref classes due to the hedge funds owning, bod being paid in commons eventually, the need for maintaining a strong price throughout this process and once consent decree is implemented, commons most likely get their voting rights back to have say in any recap offering.
You pref holders keep the dream alive though. Lol
Soooo now would be a good time to get out of fnmas. Everyone knows sell the pop because the next day fnmas drop!
Somethings gotta give on that FNMAS price by the close today....6 million shares off loaded and price goes up? I guess the last pref holder in the pool gets par on his shares. Lol
Maybe government is buying up from the sells? That would help get rid of current high dividend pref's so new lower paying pref's can be issued later.
Hope you're still around when they release those Obama documents....
Why is it again that he asserts presidential privelege and does not want them seen? Sure ya got a good explanation for it right?