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Bingo. Folks forget...
This is a corporation that is in conservatorship.
Delaware state law will dictate the share structure after release.
Everything else is noise.
That's a great idea.
Wonder if anyone has thought of doing that? Converting jps to new jps is a win win. Classes stay the same.
delaware has laws against majority shareholders fleecing minority shareholders.
id like to see that challenged again. mr steele fought that fight if i remember correctly.
its been an arduous journey.
Banks are free to loan mortgages out and hold the note.
No one is stopping them.
Yet they balk at a small increase on refis.
Bank lobbiest want it both ways.
You hold the risk, they hold the profits.
so, these fees are optional.
but the debt goes away.
JPS is a share of debt.
it would be more prudent to buy them on the open market now and just cancel them.
if carlos is right...the first shareholder meeting is gonna be fun.
I pretty certain this is gonna try to be spun politically in the end.
Think Obama sweeps.
Where did the money go?
We may have been part of a huge conspiracy theory that is currently unfolding.
buckle up...i think we will know for sure by the election.
Iran just got bf on sanctions.
Timing is everything.
could we sticky this to clean up some confusion among the peps.
They really should exercise them and then cancel them to close the idea of ever going back down that path.
im smelling what your stepping in.
Not a receivership.
Can anyone show me a government document that says we are in receivership?
anyone?
ill wait.
Last I checked it was a conservatorship.
which isnt even a word.
They get confused alot with this because its a road block to rape the commons.
If you settle with the claimants why in Gods name would you give everyone else a 150%?
Its like hitting someone in the rearend and settling with them and saying im gonna give everyone that seen the wreck a payout also.
JPS pipe dreams continue.
Settle with the claimants, everyone else gets Par.
Then off they go.
Watch them go...
Fnmas is up over 1% today.
I think the leanings is toward Release and Recap with consent.
This is the most logical thing you will read all day.
its pretty simple...
i cant buy pinksheets through my retirement account.
as soon as it uplists, ill be converting these shares to commons.
I have JPS shares and im at a crossroads of what to do.
I would like to covert them to FMCC or FNMA but my brokerage will not allow that to happen currently. I had thought about converting when the JPS is paid Par. However, if I do that the share price could be huge and I would not get the conversion I desire.
However, if the GSEs uplist Ill be able to trade them in my retirement account. So, Im thinking as soon as the uplist happens, im dumping this JPS asap.
I bet im not the only one.
we are many.
its a hybrid utility model.
i think this will work for everyone.
Uv blubs?
You cant kill what has bled for 8 years and not died.
Grandpa told me that one.
Yes, if exercised new claims pipeline will be full.
It would be unfair for jps to get less than par.
I own jps as well. My game plan is to sell when the par payout is made and buy fnma at around 55 a share.
A Kodak moment.
That seems timely.
Thanks for sharing.
He is signing the Executive Order today on evictions.
We will see if any $ was set aside for the GSEs.
Soon.
agreed,
The PPP program pushed out trillions to businesses to help them stay afloat.
its a short stretch for them to send a couple hundred billion to secure struggling homeowners with a loan to the gses that is forgiven after its sent.
think thats crazy?
its happening now all across the US.
everyone is focused on the unemployment checks and stimulus which is a fraction of the cost of the PPP business loans.
It's not a recievership...
But it maybe a Recco.
Only the DOJ knows for sure.
So you would be opposed to free capital sent to the gses to help struggling homeowners?
Seems like this is the perfect storm we've been waiting for.
Corona home aid.
An executive order can not be easily over turned.
Daca challenge set that precedent.
I did not say you said it...I said it.
im shopping on a healthy pullback.
yelp, lets give the gses capital to help struggling homeowners.
tongue in check, it would be a political win.
That makes this bunker look cheap.
https://www.foxbusiness.com/lifestyle/more-americans-buying-bunkers-covid
It depends on who wins.
If Biden wins, you will see a push to release before the new administration comes in. God help us all if that happens.
Otherwise, it will be a slower process if Trump wins.
Might see a few more Qtrs of capital stacked up before release.
Im certain their is a plan A and a plan B.
Being a patriot, im happy to wait.
It would be a much lower interest rate.
I think ive said it a time or two.
I want to see the cancelled check from the Treasury.
I bet they never paid for them.
No damages.
Just hurt feelings.
PAR and that's it.
Refi the JPS. ;)
Its the bridge between the GSEs and politics.
I suspect we will have alot more clarity about the last administrations GSE actions soon...or before the election.
They ether saved it for a sound bite or they own it as much as BHO.
btw, they have had almost 4 years.
I cant wait to watch the movie.
its made for a mini series.
Sure would like to see this happen.
China is doing the samething to its banks that the FHFA done to Fannie...
Scary how Fanniegate resembles Communism.
Sauce below.
https://www.theepochtimes.com/ccp-forces-chinese-banks-and-its-investors-to-sacrifice-212-billion_3404104.html