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Thats bad logic.
The case is Collins vs Treasury, not Collins vs. Fannie Mae.
I personally hope an investigation occurs...
deep and wide.
This should never be allowed to happen again.
The only way to solve that is to dig out all the corruption and hold them accountable.
They need to look into short sellers, the media, the politicians that profited from it...lots of rabbit holes.
It hurt the entire country, its worth 20 million to have 500 lawyers dig through the mess with subpoena power.
To make it like it never happened.
that would be a cool remedy...and fairly simple.
based on sweeney foot notes...
124 billion returned to the companies...not shareholders or greedy pref. shareholders.
1 billion in damages...again to the company.
the rest we will figure out as we go.
total 125 billion.
par and off they go...
they will get par and off they go.
but the derivatives claim held.
Arnold most likely will be feeding his fish while he is visiting family at Christmas.
that foot note...125
made me think.
maybe her notes 124 billion returned.
and 1 billion in punitive damages.
===125===
The "offering" will be to pay off old JPS and reissue new JPS at a lower rate.
Par and off they go.
The GSEs suffered damages, not the shareholders or the preferred.
Fortunately, the common shareholders are the companies and vise versa.
gonna need more popcorn.
I would be more in favor of a hybrid model.
take capital raised...75% of it and buy back JPS on the open market.
If any is left over after Q2 of next year...convert at market PPS.
capital to debt ratio would stay the same and you would not have the cost of the higher % rates.
Issue new JPS at much lower % rate.
This is how a real company would operate.
Just a reminder this is not a receivership.
Lastly,
any settlement with the JPS holders in the current courts does not include those who bought JPS shares unless you specifically are named in the lawsuit.
Hard pill to swallow.
Here is a glass of water.
Happy Thanksgiving.
Even to those who think this is a receivership.
less demand than supply offered.
thats how I took it.
her statements was not good for Prfd holders...she basically said that the only standing is the class of those who owned Prfd shares before the first NWS.
i personally dont think that would be fair. they deserve par.
what does certify a class mean?
sweeny mentioned it today.
said, those that purchased prfd after the NWS had no standing?
those shareholders bought the rights to those shares and any damages owed are transferred with the share.
Its property.
disagree with her stance...and think she will find precedence to bind her on the class status matter.
anyone run the share volume traded in $ vs share value traded on Prfds $ ???
I would guess that there is no correlation.
you found it earlier than most.
im in.
lower expectations is the key to happiness.
so if scotus sides with shareholders...
they owe us the 10% interest and overpayments?
that would solve alot of problems.
anyone got a sticky note?
thats the most logical answer.
Would capital retained be equal to shares held?
I think it would be...winner winner, chicken dinner.
We are buying shares.
Logic says YES>
I think the real fear is that the Federal Reserve has the same structure.
so if the others are unconsistutional...so is the Fed.
Big problems for everyone that likes debt laden money, instead of a currency backed by...something valuable.
thanks, I was totally overlooking the other assets.
I was saying 20 bucks a share just in capital holdings.
not saying that is PPS.
We are so undervalued...currently. its a blue light special.
its not opinion...its math.
25 billion market cap/1.2 billion shares outstanding.
20 bucks.
ETA?
My math show when fully capitalized at 25 billion dollars...
our shares are worth 20.83 based purely on 1 times capital held.
:)
why dont you run the numbers for us.
Billions in capital/number of shares outstanding=
i like the way u think.
That coma did not affect your logic...
yep. thats where we are at.
lower court will hear it, or give summary judgement.
why 10 days of darkness?
Thanks for sharing this...
this could be big.
getting little or no attention in the media.
im not disagreeing with you.
a court order is needed to get the information.
im saying its available.
https://en.wikipedia.org/wiki/USA_Freedom_Act
this help?
https://en.wikipedia.org/wiki/Utah_Data_Center
sorry its classified, but this is open source.
its stored and ready for declas.
avalanche of evidence coming.
5D is reference to the largest one.
google.
How can the FHFA "act" in any capacity after being ruled structurally unconstitutional?
They knew it was gonna saddle the next admin with a revenue raise.
luckily,the tax cuts worked and increased revenues(taxes) through growth.
magic wand stuff.
too bad none of our contributions to the general fund will ever be recognized...but we know the GSEs bailed out America during its darkest hour.
If I were P. Collins, I would definitely want to keep my current shares in the settlement. That said, settlement and end of sweep may be linked.
The Treasury is acting like this is voluntary and part of the plan.
I think the plan is evolving around this lawsuit.
not a popular subject.
deep and wide...
the investigations go.
most logical statement ive read in a long time.
thanks for sharing logic.
declas of those 11k docs...could make a rico possible.
we dont know, what we dont know.
but I do know, that I seen fellow traveler emails...add a few more collaborating and you have grounds for a full blown justice department investigation.
think about it...they are methodically going down the list holding people accountable. i see it...you just have to know where to look.