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Pretty sure ya got that backwards.
What private investor do you know who will back a competitor of the GSE's, that is willing to fund an outrageous amount of capital? This is why competition talk is dead. No one can afford the start up cost, no one wants to tie up billions or 10's of billions in capital account doing nothing but providing insurance for a rainy day.
Then there's the shadow of the government constantly overhanging your business and the potential for them to sweep in and take you over.
Honestly...who in their right mind would be a competitor after studying the current GSE's political and financial requirements?
I Honestly think Trump wants this done yesterday. He will probably rein in the justice department and not let any motions that don't make sense, from a fairness stand point to both GSE's and his admins work to release. More good things coming in the next few weeks,,I am very hopeful!
Keep the faith. We fought a revolutionary war to keep from paying exorbitant unlawful taxes to a monarchy. That is why the constitutionalist scotus judges are so important that Trump installed. Imagine if those two judges he appointed were like Ginsburg and Sotomayor! Where would we be?
Yeah....that "other guys" an idjit that's been proven wrong numerous times. He talks alot of stuff like my morning bowel movement.
Awesome Ano.
As I have thought...shoe dropped just b4 the 4th and I believe we are in store for more news/events going into this weekend and through until next week. Now that SCOTUS has finally set the ball in motion, I think there will be more of an urgency, more than ever, to get this pushed as far down the road before election day. GTA common sense folk.
Trump is da man, watch! He is letting the courts work through this, unlike Obama who threatened them with his justice department.
Trump is letting rule of law play out, I know we all wish it was way faster, and it should be.
Agree, I recall eyeing the same. May have been an Ano or Obidictrim post possibly. I do beleive that language is in HERA
Some place needs to do a case study on stock price manipulation and use the GSE's as a prime stellar example. The price is not budging a penny! This is un-fing real.
Oh yeah, being trapped his mom's basement gives him loads of time for analysis ; )
Lol, lmao
Is that why fnmas are DOWN 2% already today?
Why not? The director was installed under a "jurisdiction" that was not legal from the get go.
Because judge Roberts had to explain and CYA his puzzy opinion. Ball-less SCOTUS unless a group of loony activists are involved.
Jeddiemack I think it has more to do with the bearing the ruling will have in helping lower courts determine the cases that are on hold due to this awaited SCOTUS decision. The decision itself will have a direct "weighting" also, of course though.
Good stuff Ano! Thanks for your clear headed analysis and research.
If we ever get that chance to have a GSE shareholder party, I'm buying your drinks all day every day. Lol
I think the government is finding out companies do not trust them much at all due to this situation. Look what happened with the bail outs offered during this virus. It may not seem like it, but I think many in the business community are wise to the GSE illegal take over and fleecing from previous admins and are watching this admin closely.
How many current executives are shareholder elected, none.
If you think the bod is going to work for free, you're dreaming.
MS the other investment bank, and the advisors are not going to say attract talent (new bod and lower management) with pref shares, who does that?
Yeah, and Warren B bailed from them long ago because though he was not a brief holder or witty, he was wise to just how much power they held being noncummulative and knowing liquidation was never in the cards.
Keep pumping though, you guys need to keep grabbing at those threads.
When MC said capital raise will be up to the companies, I'm prerty ( my opinion) sure that means the BOD and shareholders. He and the fha will be involved for quite some time while cap level goals are attained. Consent decree release only takes the lowest cap level, so at that point fha/MC will still be involved, but at that point we are released and running of the companies is on the BOD who answers to common holders, not JPS. Ideally something happens with the warrants, seniors and the court cases by the time consent decree takes affect. I do not think JPS will be offered any conversion nor will commons be offered anything, other than what comes from the courts, before consent decree is instituted.
Why? Because that complicates the release a lot, relist and consent decree purpose, which is to start operating unobstructed out of the gate. JPS may very well be just JPS, awaiting a dividend or liquidation pref.
Jps folks are pro's at skewing and misquoting for their own benefit. They will be answering to a shareholder vote if any pref conversion is in the future, which I doubt.
Unless....he finally gets it done. He can not make courts work any faster, but I do beleive he is muzzling the governments lawyers from fighting the cases very hard. He wants the truth out but wants the courts to provide it legally. Otherwise Dems go all vandetta even worse than now on him. He's playing it out. No possible way to make judiciary resolve all those cases. Time is coming though, we are at scotus level on some of the issues, no more wiggle room, somethings gotta give soon...Trump probably wishes court cases now were where they are a year ago, but again, what can he do?
Yes! Agree. Trump is playing to his strength, he knows previous admins were wrong and will shine the light. COME ON JULY 4TH!
MC yaking....not bankruptcy as in chapter 7...more like a chapter 11 restructure. Keep in mind he is not allowed to telegraph anything substantial while courts are involved, but even after that fact he can not allude to any inside info.
GSE's doing own capital raise is how it should be, with proper board and shareholder vote. Are JPS seeing any light yet?
I am buying extra fireworks, just in case.
I beleive there were other events that happened around holidays through these years while Trump has been in office.
Treasury submitted the housing reform plan a few days after Labor day. The Enbanc decision as you pointed out. The announcement of the capital rule release came in May just before or after Memorial day.
I'm hoping something major gets announced the closer we get to July 4th or just after. It would be great if we got uplisted, maybe a court decision or 2, or announcements that are positive about the warrants and sps disappearing.
Those ARE THE FACTS!
Has any judge read this material, I wonder?
Any normal investor or person can easily come to the conclusion our government (previous administration's) were no better than the mafia.
The verdict is still out on the current administration, until we see how they rectify this terribly unjust steam rolling of two companies and their investors.
+1. Great idea
Nope,
Once released, uplisted and court cases settled we will see 15-20$.
That's another reason why! Trump loves playing on those holiday themes. Crossing my fingers all hell breaks lose then - in a good way.
Sticking by my prediction Guido. Much is gonna happen just b4 and after July 4th. They keep doing moves around the holidays because dems can not pass up missing work to attend rallies, their ice cream, etc. Lmao
Sticky! Heck of a refresher. We need to keep stuff like this at the fore front. Folks forget.
Not ticked off mad Mr Chess, I meant matched a lot of how I think about the situation. That's why I followed with keeping it real. It was a great post to me. Thanks
Massive TP conversion underway, could be why?!
FNMAS down over 3% on 144k volume.
Ticked off a lot my thoughts on that post!
Keeping real
Good read, thanks
No recommendation to buy prefs......hmmmmmm
FNMA close yesterday 2.05
FNMAS close yesterday 9.63
FNMAS 4.69 of commons and set to fall more today
Quote:
Odd. The $25s are still ~3.5x FNMA and the $50s are still ~5.5x FNMA.
I hear it's getting tough to even give away pref shares. Might save big on TP next covid 19 event though...
Lmao.
Preforgasmic!
What happens when government tells JPS holders they are getting 60 or maybe 70% of par? Or they can languish with zero dividends for next 2, 3 , 4 or maybe more years?
I thought you guys said pref's would be converted B4 RELEASE???
Is it B4 Cases are resolved?
Maybe B4 first offering?
B4 cram down?
By all means it should have happened now for best conversion, no? Fnma at 2$ and change and prefs at what... $7?
Ooohhh I forgot! Both GSE's stock will magically go to .10 per share, then the government hands pref's a boat load of commons just because they can, it helps raise zilch capital....then commons goes too the moon. Am I right?
If a get together of shareholders ever really happens, we should do awards for most refuted pref posts...stuff like that, kind of like an Oscars, lmao.