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Thanks Commander...hope it goes our way!
Wait...if this was true then say a car that cost 4000 in the 60's would cost what 50-80K now? Or a home that 15K would now be 225K? Is that what you are saying? *sarcasm*
THANK YOU
Wait...I will save you the response...NOTED HAHA
At least Yank gave his reasoning...good or bad. This guy is just total BS "realism". There are many good things happening now, not a slam dunk by any stretch, but most have been here and seen it before. Our play is for the finally and I for one don't need the constant negativity. Have no problem hearing BOTH sides..actually find it helps but that isn't what he does. So how does one block a person? LOL
and he's only up 3 LOL on like 8700 shares
Surf...I am right there with you! 6-10 ASAP! All it would take is the right tweet LOL
Thanks...you just shot my whole theory of "how we get them out of gov't control" down LOL My assumption, and yes I do know what that is, was that Mnuchin could use the "they have paid the original agreement plus taxpayers made a fair interest" public statement, either a 4th amendment or show that the senior shares have been "paid" after Jumpstart is over (1/1/2018), Let FnF keep the last 2 qtrs payments for recap and instruct Watt to further recap until an agreed amount is retained ( smaller than moelis as the stress tests just showed). This will make commons happier and prferreds get close to par. GSEs are "out of gov't control" but with FHFA still as a regulator. Not sure what this means for lawsuits although I don't know how those end unless this is all part of a settlement? So how do you see this playing out other than eventually, hopefully winning a court case?
He, as I understand it, cannot sell, transfer, etc etc the senior preferred stock according to jumpstart. Doesn't this tie his hands on any "settlement" in regards to senior stock?
Thanks..would you agree that Mnuchin has his hands tied until jumpstart ends?
Amended...without facing political backlash and oposition on support he needs for debt ceiling, taxes etc.
Rek/Others..It is my understanding that Mel CAN delay the payment as long as it is added to the amount owed at the end. IF he does this for the next 2 payments which would then get us past Jan 1, 2018 which then brings us past the Jumpstart issue, couldn't we then have renegotiate the PSPA to show debt paid in full (which it SHOULD be) and negate those monies owed? At that time Mnuchin also makes senior shares paid (4th amendment ?) and altho I question it, start something close to Moelis but with less capital requirements as just stated in the stress test hence making the commons a little happier? I know it is all conjecture but....
LOL...Im trying to learn. You have a great night also!
Fully agree Travel..also, any positive articles help to get the word out..which we STILL need. Unlike other "realistic longs" here I think that if you wait for whatever event sets this off you are already too late. Glad to see you on Twitter also! Good luck with your trade!
Noted
Bull, correct me if i am wrong but the 10% was originally a dividend payment on preferred stock. There were no provisions to "pay additional towards principle" although I agree that is how it SHOULD have been!
Has anyone heard from Obi lately? Hope he is OK...same with Rick!
Should be June 30
My guess is not this qtr but next...just not sure who stops it. The next question: is it stopped or "halted". If stopped IMO prfd's do not get to par but increase and commons get to 7ish. Halted maybe 4-5 depending on what is going on and said. GLTY
While I agree I also believe that he has to watch what he does as the tax reform bill has not passed and he will need support for that. He honestly should just play nice now to get the bill passed but saying that he agrees with Watt that a capital buffer needs to be in place because of tax reform and that Congress should take the lead with reform shouldn't piss anyone off. It will take numerous quarters to get a decent capital built before tax reform so by the time that happens, and after Jan 1 when omnibus ends, he can do whatever. Just happy now that they are talking about building capital!
You guys with the preferreds are better....under Caps figures both common and preferreds would be roughly 4 baggers. But what if recap is 80B...or 60B? IMO worst case is they are put in receivership without a new PSPA and the "loan" then is payed and neither of us get anything! I doubt that happens...so then the question becomes how and how much is the recap. I will take my chances...GLTA
Donot...we all bought the stock for just what is starting to happen. No one had/has any idea what will transpire. Trade with your own level of comfort because yes..if Phillips says anything positive this could move quickly just as if he says something negative it may drop. I for one am holding a large position and am holding either way. this drama is starting to take shape and I believe it will work in our favor. I do not think it will be anywhere close to some predictions but IMO will be a 4 - 10 bagger. GLTY
Yes he is
Whip...Don't start arguing with Capital and using facts! That will lead to name calling and another 10 day ban..wait..hmm
I just don't get all the prfd vs common talk....If they are put in receivership and as contracted currently the payments being made are dividends and not paying off any of "loans" then do you really think they wont drain the equity to pay off the 187B loan then sr prfd first. Nothing left for anyone as I see it. I just don't think that is what will transpire
Yes...can he change from quarterly to annually or would that take a new amendment?
Rek..doesnt Watt have the option to pay with stock in kind without breaking the "deal"? Another question...doea he alone have the right to change to annual payment? ( I am doubting it but thought I'd ask) TIA
Donot, you keep spewing the monies are not associated with ACA but we know that the swept money IS deposited into the general account and that that account HAD to be used to fund the ins subsidies, which were not appropriated by Congress. No, we cannot say that these monies paid for ACA entirely but we sure as hell can say that some had to go there for no other reason as they would not have had enough to pay other items AND ACA without these funds. If you want to take what monies are left after paying appropriated expenses then, and I believe reading that the FnF funds equaled approx 7%, then we at minimum paid 7% of these illegal payments.
First..what do you think it means when Mnuchin says I never said privatize them? And how in the heck can he do another sweep if he just admitted that the money is being used elsewhere and leaving taxpayers at risk? Thanks Maria B!
I too have said a prayer for him. He hasn't posted here, Facebook, stocktwits..anywhere. Hope he is OK.
sebCS...I dont think that is what he said or meant. He thinks they will "give" back and then "take" to payoff loan. I do not think that is what will happen although I think that will be what in essence happens...
Hence the issue with the third amendment! If they had stayed with the original 10% then we would have capital, maybe enough to buy back the senior preferreds, but they changed the terms. We need a settlement or we need SOME court to put its big boy pants on and rule responsibly.
If that scenario played out you would be talking about a WHOLE DIFFERENT kind of lawsuits that would start. Have the government explain how they were paid back plus multiple billions and took these companies MAKING billions and ran them into the ground and then screwed everyone! The issue I have NEVER understood is that these were already proven to be private companies...if Congress wants to renegotiate the congressional backing then do that but after they were paid back how can they NOT RELEASE them!
Thank you for all your diligence Commander!! Much appreciated!!
Anybody see the retweet from Don Jr on the Tucker piece?
Way to time that purchase! Like hearing fellow shareholders good fortunes!
Maybe this explains not hearing from Rick for awhile?!?
Obit...thanks again for the input. Layman's terms...what does this do for us? Cancel NWS? Setup HERA constitutionality? Or just changes structure of FHFA and nothing for us? TIA
I guess I was trying to ask since we haven't seen the budget and seen that this Administration is spending the monies is there a chance they collect but hold it for a later date, say needed for tax consequences due to DTAs without telling us what they are planning on using it for now?
Rek, we have not seen the actual budget only skinny version. Is there a way that the NWS funds are "held" but not announced until a later date?
That writer MUST be following you on Ihub Rick!!