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read the share agreement.
its what the courts will enforce...
homework assignment.
Go out in the entire marketplace.
Find me a stock that has a preferred bond/share trading above par.
magic jps?
your holding debt.
at least its backed by the Treasury.
zero voting rights.
have you read the restrictions on those notes?
the only obligation is to pay par.
if you want damages, you must seek them...(not ride coat tails)
my hope is that the government settles the suits and pays off everyone else at par.
off they go.
commons, they will be around a while.
you picked a good hill.
i suspect we will have more definitive answers as the month goes on.
if you think this is scripted...
i give you exh. A ( report released one day prior to 5th)
would it be a stretch to say that we hear another plan on or before sept 30?
only to be upended by another court ruling in nov.?
enjoy the show frens.
yelp, you pegged me. guilty as charged...im here for the divy.
in the end, we are all in the same boat.
im confused too.
is it because they are arguing a motion to dismiss when the en banc ruling just smashed their teeth in?
Not a Receivership.
This is not a good look for the administration.
They should have addressed this as soon as they knew about it.
They knew it was wrong when SM said that Obama had directed the funds to fund other parts of the Government.
They knew.
Im a supporter of the administration, but they failed bigly on this.
He has to say that...otherwise...RICO.
That would be a good tweet to remind him that he dropped the ball and could have used this as political ammo rather than continuing the sweep. Not planned out well at all.
Delaware.
I did not realize how big American Funds was...
They own 7-8% of commons in both Fran and Fred...and its only .12% of its portfolio.....
thats a big number.
Indexing is used alot in class action suits.
Time you held the shares increases your damages.
Not so much with day traders.
I got a nice settlement on Enron based on date purchased and time held.
Not my first rodeo.
This will be nice because its not a receivership.
I have preconservatorship shares.
Im of the mindset of indexing to time held.
Alot of gimicks was played and those that have bought and held...should have higher standing.
I went through the same thing with enron.
Not one shareholder class action suit.
Im surprised.
That does not happen often.
Feels like the Treasury's game plan is to pretend the 5th circuit ruling never happened.
More of a suggestion than a rule.
Really need a Cease order issued until we figure out what legally the Treasury can do.
Im saying Cease operations.
No new loans until its legal.
Operating illegally is worst than not operating at all.
How long do you think it would take them to fix it then?
does the internet go that far?
whats your thoughts on the pullback?
i think we go sideways til we get more news...
the run up got some folks locked in at higher prices.
So...I think we may have found the floor.
Thank you for sharing that...
it was hilarious.
Did this give Sweeney any greenlights?
17 was just out of reach today.
The week is young and I remain hopeful.
twilight zone PPS.
we should be so much higher...
we ran to 5 on speculation few years ago...now we have some certainty...
people still dont trust the gooberment.
sadly, i agree with them.
maybe the shareholders settlement could be rolled over to shares?
The common came out better than the prfd in this ruling.
It tied the hands of FHFA not to dilute.
It found that only a receivership can dilute/distribute.
It found FHFA is unconstitutional.
Commons are back in the drivers seat.
Preferred just got back in line waiting on the board of directors and shareholders to decide on how to deal with them.
You know my thoughts as a shareholder....refi JPS.
pay them off...and off they go.
You would do the same thing if it was your personal business or your home.
payoff the lender with a lower rate loan...move on.
whoa...cowboy.
we dont know what we dont know.
Lets get through the discovery.
This may end up being a RICO.
Fellow travelers are getting a bright light shined on them soon.
This is why we need to have a shareholder meeting asap.
We need to be prepared day one that we get our voting rights restored.
Im not so sure the court did not do that for us Friday.
Thats debatable.
But the FHFA is unconstitutional...that is not up for debate.
I did and so did the 5th.
The FHFA in its current form is unconstitutional.
It takes 2/3 congress to change.
Good luck getting the Dems and Reb...to vote together on this.
So...by default it remains unconstitutional.
FHFA is unconstitutional.
What now?
im cool with no divy during the recap.
but by your logic...you want it to take longer just to keep jps happy?
not me...
refi...pay them off.
I want to put that behind us quickly.
I like the refi the jps debt.
lower interest rates...
payoff the existing jps with the issuance of new jps.
"off the old jps goes at par" <<<<pay your taxes.
legally made whole.
this is the best plan...and would be the plan under a real company that was not operated illegally by the government.
yelp, the government broke the law.
lets start looking at this realistically.
how many shares outstanding?
how much $ does the government owe shareholders?
do the math. (hint you will need to divide.)
pick an honest news source...not many available.
see for yourself.
https://www.google.com/search?q=fnma&rlz=1C1AOHY_enUS749US749&source=lnms&tbm=nws&sa=X&ved=0ahUKEwjBrpjXo8HkAhUpT98KHQ2nAJ0Q_AUIEygC&biw=1440&bih=809
They are already ignoring the fact we just got handed a big court case.
This sets precedent.
The lower court will be embarrassed.
The floodgates will open soon using this case...
no bueno for Treasury...they know.
why do you think they asked for an additional 2 trillion this year in the budget?
Lots of fences to mend.
no sir...
reread my post...I said we hit 3 monday morning.
probably blow through it in premarket.
humor does not transfer to text.
I think we end the day in 17 dollar range.
The risk just decreased alot.
Plenty of room left on the train...
Im holding...I will not be tempted to sell.
Ive been here way to long.
Think about this...at 7% interest your money doubles every ten years.
Ive been here ten years at 0%.
Just adding...ignoring the background noise.
This is going to change the lifestyle of alot of folks.
Hope you and many others enjoy the show.
This had to look organic...otherwise it would become political.
Think logically, this was the plan.
standing by that...we will hit 3 monday around 930am.
willet trolled them hard.
wonder if a judge would allow during discovery?
are you kidding me???????
thats awesome news...
now we can end the fed...free fannie...omg....
its a new day.
Ill probably hang my spurs up on this one.
Ill take the divy and let the young guys continue trading.
Ive got a small list ready to fund in my portfolio...but none of them has the potential of FNMA...I feel really lucky to have stumbled on this equity...its been a long arduous journey but im glad i made it...and im glad I got to meet all you guys.
Its been an honor.
Dude...look around...the market is bubbly.
Everything seems overpriced.
But now FNMA is a value stock...with little risk or downside.
Its gonna leave the gate like a fake meat IPO>
Whats 7 years of stolen dividends worth on FNMA?
asking for a fren.