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Looks like Mulvaney is Chief of Staff..acting..
Brian Brooks, FNMA EVP and General Council just quit. Many thought he might take Mayopolous job but not now. Good or Bad?
LMAO I know I won't
One can only pray that this is what is playing out...
Bradford tweeted 9/17...for what its worth
As of today, as I understand it, the amount paid (276B) has been "dividends". so the answer to your question, again as of today, is yes...they still owe the original amount borrowed plus have all their monies other than the 3B buffer taken as dividends. Hopefully this changes soon!
Can someone explain how the CRT's come into play? Why are we forced into these if it will not count against the capital requirements?
Over 1.2 million shares on the bid?
Yea...Tim said not to his knowledge and doesn't know who....Please be Tim!
Help..let's say Congress doesn't act and Mnuchin does. As I see it, he has no authority to change their charters right? Doesn't this mean all he CAN do is some form of financial backstop? RnR? Does he even have the authority to do a Moelis plan or turn them to a utility?
LOL...damn we missed you here...glad you are back Rick!!
Donot...and others...I dont understand the DJT stealing statements. Mnuchin couldn't do much/anything while Jumpstart was in place. As it was ending, he renegotiated and we kept 3B. Then we have the DTA right down and need to "borrow" funds. This next quarter we will keep another 3B. It seems that Mnuchin bought himself 2-3 quarters to let Congress fail at reform before Admin reform takes place without continuing the NWS.
Hope someone with a better accounting background can help answer a question. If FnF had all these DTAs...why were they paying so much in income taxes the last few years? I get the excess would have gone to treas but??
The amended complaint was filed under seal..but it was filed. Heard we should see a redacted version in a few weeks.
There is nothing in the original agreement that said that anything "overpaid" would go toward paying down the senior preferred. Thompson said that it was overpaid by 90B..many say 125B. The judge asked what was the end game...getting monies back..and Thompson returned with no cancelling seniors. What if they just unwind it (return 190B) or return overpayment of orig 10% (90B)? We would be cash flush, almost recapped but still have 10% divvy to pay seniors going forward. Just thoughts
But this assumes that we go back to paying the original 10% but take the cash. If the NWS stopped and we just paid the divvy to gov't what would the stock be worth with the 190B?
Amazing! Now we have a Hotel California in this Banana Republic...hope these judges do what's right!
Thompson did in his rebuttal at the end...stated that had the swept not been in effect that the companies would have had 124B
Mnuchin stating possibly after mid terms now!
https://t.co/dpAfILyDwD
Any ideas how Cohn resignation may affect us?
SCOTUS didn't confirm anything...they just didn't take the case.
Probably because I bought more today at 1.77. Sorry
I am trying to get a read on this budget effect on this...wouldn't the deletion of the affordable housing trust monies add value to the GSE's (more profits stay in house) ?? Is this just a ploy to lose Dem support for the GSE's ?? This has me really confused...
Dax the Dow gained that much friday...he is saying wait to see what happens off thatjump. Volatility
I took that exchange as the conservator could cancel affordable housing goals if it didn't make fiscal sense for the companies, which it wouldn't under conservatorship. The fix is RnR and turn FHFA into just the regulator then it cant per charters
Did Corker just say SHAREHOLDERS?!?
So happy to hear and see that!! I thought something bad had happened and thankful it hasn't! Must be just laying low and working extra hours at Burger King :)
RuudG do you think this aligns like Moelis where it will start at 6-8 and climb or do you think it starts 8-10 or what? TIA
where do you see this Whipstick?
Come on Don...you act as if the government had said at one time that the twins were a safe investment after raising capital before...*sarcasm
Very true...acceptance. You may be on your way to finally understanding that FNMA and FMMC are not going anywhere! Look forward to watching your progress as you rehab your broken thesis and become a long!
Here's hoping we ALL have a Happy New Year!!
what do you guys think will be the catalyst to get this to the 6-7 dollar range? Timeline?
Anyone see the Carney piece out that says they are asking Supreme Court to look at thos?
Rek,
I get that there is a difference between the two but Watt has already said that the GSE's are reformed. Once he makes this statement, as far as I am concerned, his only concern other than day to day should be recap. They ARE privately held companies...let Congress work on "housing finance reform" and whatever happens to them should be no different than for instance a solar company after rebates are changed legislatively. Set them free, let them recap and the chips land where they land. If a real BOD has to change with the new reforms no dif than any privately held business...
Jan 1 is the end of the Jumpstart bill that was passed that prohibits the Treasury from doing anything with the senior preferred shares they own.
Hope you don't mind some unwarranted agreement....GO FnF!!
29th
And what do you think you are doing by shorting it? F'n hypocrite!
When the news breaks..and if it's good...you won't have time to buy in. It would move dollars! If bad....could fall also...LMAO...Is he still doing his "Don't get excited...this was just 67.30 an 10/5/07 so don't get excited just yet" spiel...Or the " I am a realist and a long"?