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the courts have to correct because the congress will not.
12 years.
time is a variable in the equation.
the remedy will show that.
Hank P. said he needed congress to deliver a bazooka.
What he was really asking was for congress to vote to break the Constitution. Thats really the end of this saga.
Fear drove Congress to set up a 4th branch of Government.
Humphrey is ded.
I just listened to the hearing again.
at least 6 justices are trying to figure out how to unscramble an egg. Im going to the kitchen and try to put a scrambled egg back into its shell. I think im gonna have to void the 3rd amendment to do so...
we are good.
Most spoke of remedy or how to fix.
Thats telling.
between a consent decree and a scotus result...its not looking good for the conversion crowd. just being honest.
i always thought that would be plan A.
a low stock price has hurt the GSEs for a long time.
push her back on the big boards and watch her go.
They are taking a dive to keep this from ever happening again.
Legislative communism...dies this week.
why do folks have a tuff time with leveraging low interest rates?
seems self-serving.
we could be frens.
that will be painful for jps.
so if the scotus sides with shareholders, trump may fire MC at will?
about 8 years ago on this forum...
i mentioned that fnma was a national security risk.
a foreign government could have bought the float for a few billion.
that thought remains.
All this virtue signaling is giving scotus a green light to fix the issue.
No one wants to pay the bar tab.
A permanent fix via judgement and remedy.
It has to go to court, so it will never happen again...the Government screwed up, and this is as close as you will get to a confession.
Im saving vacation time for our first shareholder meeting.
I guess it would be in Delaware or DC?
Boss said it would be ok.
If FNMA hits 10 bucks next year, this will be the last winter I have to go without a heater in my truck. I have to let it idle for 30 mins just to defrost the windshield. Im also gonna get the reverse fixed in my old police cruiser. Im tired of parking at the end of the lot at walmart and walking a mile to get groceries because i do not have reverse. Life will be good.
At what price do you stop buying and become an investor?
Im thinking 10
It would be if they filed for a return.
As long as the check does not bounce.
Is a tax credit considered capital?
Asking for a fren.
Scotus capped punitive damages at 1 times actual damages.
I looked it up this weekend.
Has any bought calls out of the money, for next year?
Thinking of dipping my toe in it.
Somethings happening.
Its normal after being here so long.
I think it was the 150 billion in cash sent to iran.
https://thehill.com/opinion/white-house/477666-obama-should-apologize-for-shameful-cash-payment-to-iran
now apply an average PE...to that number.
the cares act was voted in by congress.
SM can easily send this money if it fits the mandate of the cares act.
i dont know the exact wording, but helping suffering homeowners with covid relief...fits.
that said, capital is capital.
like-minded.
Anyone notice when FNMA starts doing well...
all the pundits come out of the woodwork?
Seems like everyone got a 4am email.
Probably just a coincidence.
FNMA is still under the umbrella of FHFA.
The Treasury could move funds to FHFA and on to the GSE's.
The funds have already been allocated. It would be easy to frame it in such a way that meets the definition of "relief" outlined by Congress.
thats alot of money.
a small % could make FNMA safe and sound.
member when Pelosi said that the rich was going to get stimulus no matter what after talks failed with SM?
I do.
it activated my almonds.
we are all in the same boat.
you bought the rights to those shares.
you own them.
the person that transferred them, sold them to you.
tax credit.
Theres a gap to 67.
i do hope those bank lobbiest sent a letter to SCOTUS as well.
dont want them doing anything in a lame duck session that biden does not approve of.
btw SM is treasury until the POTUS relieves him of duty.
alot of wishful thinking on this anniversary of JFK's passing.
Next his sources will demand that SCOTUS not hear Collins until after JB is sworn in.
These folks live in a world absent of reality.
easiest fix is to issue a tax credit.
otherwise, you create a piggy bank for the next administration to rob from...rinse and repeat.
How do you keep this from ever happening again?
You let it go to Scotus and take your beating.
SM gonna carve out a % of that bailout fund to fund mortgages or relief for those suffering during covid.
Capital incoming.
This is gonna be wrapped up by Christmas.