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Why under ( Total Liabilities ) for both company's total JPS for Fannie say shares outstanding etc but under Freddie's statement it clearly says at full value. It doesn't say that for Fannie only Freddie. Lucky I own a ton of Freddie JPS.
All sounds good and legal but we’re are talking about the greedy Government here who seems to think they have a win full of shares and money! Stolen money and shares but they make up there own rules !! SCOTUS is nothing more than a lackey to the people who put them there!
Trump if elected and desires to set them free is our only chance near term! Or 2008 when the warrants expire we will see the 5th Amendment!
Sure has and nothings going to happen to release the GSE until trump gets back in and the Biden White House is working hard to stop that from happening
Yep! Totally SCOTUS ( Federalism) at its best! They were told not to take the case by people in power ! Forget about the law and it’s citizens!! Money and Greed !!!!
Sure sounds like shareholders will never get relief from the courts !!
https://www.reuters.com/legal/us-supreme-court-rejects-investor-suits-over-fannie-mae-freddie-mac-2023-01-09/
Hogwash !!
I enjoy reading all the angles and avenues of where this could lead current common share holders and JPS. I own both ! Like Ackman I’m betting each way to make a buck or more $ don’t care if your a common shareholder or JPS we all want our companies back without the greedy Government in control !
Based on Cat mans book and other ramblings input from board members that have a legal insight is that Greedy Gov will do as much as they can to steel as much $$ from the companies before ever letting them go !
In other words , I sore BIG foot this morning he told me he’s buying a boat load of common shares! I told him good luck but I’d buy JPS. But that’s me and my investment strategy. Each to there own !!
I just sore BIG FOOT he said he’s buying a boat load of Fannie and Freddie common shares Monday !
Still there is up side to both of and when these companies get released from the greedy Government
Smoking Gun !
Half way down page 3. He clearly says. If you believe this Garbage !
Quote:
I was deeply concerned about any outcome that left the US Government as a major equity owner of the companies in the long run. Common equity held by the Government could more easily be SOLD INTO PRIVATE HANDS than could preferred shares.
End Quote:
https://imgur.com/a/OiYNR1S
So you see that the Gov can resort to this ( Cram down) in order to sell off their common state to the highest bidder or to Wall Street bankers hedge funds.
I wouldn’t waste my money on that crap as it’s all ( here say) From a legal stand point he can’t release any information regarding any transactions with the Gov and GSE. So it”s all from his prospective! Yes his view maybe the way things have gone but the under lying truth is we don’t don’t and he wouldn’t be aloud to release such info .
Hang tight! I own both JPS and common and really like to see the companies given back without greedy Government theft but we all know that’s not going to happen.
Making me a little nervous that he’s being so vocal now! Is there behind the seens negotiating for large investors such has him, or Buffet or anyone else?
Why does Ackman hold 115 million commons, he might have over play his hand but now has a seat at the table commons could see more of a % than what’s being posted ??
You have to agree that ( Familyman) is pretty much correct in most of his postings on current court cases and releasing %. He may not be 100% correct he maybe way off but to date he’s been the only one with a rational understanding.
You have to wake up to the fact that neither the current POTUS or the last POTUS or the future POTUS will have it easy and will face head winds unwinding and releasing because of the shadow government in control.
It’s been widely proven by SCOTUS ( Federalist) why certain cases have been ruled on! The way they have and why to date the GSE are still ( Nationalized )
Iudge Lamberth is trying to keep it simple and get a win for shareholders so he can retire knowing he got his own back for the Gov lying to him in his court room. For this to survive an appeal it's going to have to be clear cut so I agree in the sense of keeping it simple I disagree him not allowing evidence like that.
It's always nice to dream but in the real world we have to deal with a GREEDY GOVERNMENT
"Mnuchin was open to placing all the equity holders, including Treasury, in a similar spot. That is, he was willing to see treasury's senior preferred shares given the same seniority as the existing junior preferred." - In this scenario, now all the equity holders (sps,jps, and common) all own the same equity class, common. The only different is the % ownership. UST prob owns 90-95% of the common, JPS owns 5-10%, and common owns close to 0.01%.
IF, and I hope it happens for the countries sake that TRUMP2024 happens then you have to consider the new Administration and who's going to be running things. If and I do believe Steve M will be back as Sec and Cat man won't be FHFA director.
That leaves the plan open to capitalising on huge selling off of the GSE's to those doing behind the seens like the hedge funds. I won't be surprised if Warren Buffert was involved in an offer to buy the warrants etc.
QUOTE:
"Mnuchin was open to placing all the equity holders, including Treasury, in a similar spot. That is, he was willing to see treasury's senior preferred shares given the same seniority as the existing junior preferred." - In this scenario, now all the equity holders (sps,jps, and common) all own the same equity class, common. The only different is the % ownership. UST prob owns 90-95% of the common, JPS owns 5-10%, and common owns close to 0.01%.
Hence why FMCCI has a floating rate! At 6 to 6.25% interest rate now max can be 9% and current price $2.30 it’s a great trade. Mind you so is commons if they are not diluted
This is setting up the Trump WH and hedge funds buddies etc to make a killing $$ if released. Why wouldn't any of them now being outside Gov start buy millions of shares then release! They'ed be multi millions 10 times over if they did that.
FINALLY A POST I AGREE WITH !
Trump administration will be mostly the same people with new ones coming into a well run machine . There’s talk of him cleaning house and if that is factual then Fannie Mae and Freddie Mac will be released !
If you were POTUS why wouldn’t tell all your friends to buy up a boat load and release . Cancel SPSA and warrants! Or sell the warrants to hedge fund buddies?
But as seen in Colin’s opinion they are creating a mess with the law. Sheila, Colin’s, CBCD , and now Rop ?
Good to know and YES that’s the answer to the question I was trying to ask!
If it’s a valid legal claim and they dance around it and deny hearing it then it’s certain they are being told not to award anything to shareholders and keep the GSE locked up in Gov control.
Do you think there case is strong enough by law for SCOTUS not to here it?
Thanks
If that’s what it says by law then why is SCOTUS having a hard time up holding the law ??? Someone’s getting kick backs ???
You bet ya while flying all over the world setting up deal for himself. Both him and Cat man did nothing!
You think those greedy B’s would have set them free sold the shares to there investment friends and got huge kick backs ?? Seems they weren’t smart enough and left over $100 billion on tha table for sleepy Joe who hasn’t woken up yet to sell Freddie Max and Fannie’s Government shares in the company’s.
Why would you spend $6 per trade buying Fannie or Freddie JP shares everyday and not wait for a once a week or once a month trade?
$6 per trade x 5 trading days x 20 trading days per month = $120 in trading fees a month !! Doesn’t make sense!!
Hmmm I wondered where they came up with the $0.04 a share.
8:25a ET 5/3/2023 - Dow Jones
Freddie Mac 1Q Revenue Declines as Housing Market Cools
By Dean Seal
The Federal Home Loan Mortgage Corp., better known as Freddie Mac, said revenue and net income fell in the first quarter as the housing market cooled off and the company set more money aside for potential credit losses.
The government-backed housing-finance company posted net income of $2 billion, down from $3.8 billion in the same quarter a year ago.
The company's loss attributable to common shareholders was 2 cents a share, compared with earnings of 4 cents a share in the year-ago period.
Cheaper than those Hamburgers at those fast food outlets paying $15 an hour to slap crap together.!
Better buy another million of Fannie Mae or more common shares like he stated
YES I believe so!
……………Quote…………
Perhaps Collins v Yellen was a big mistake by SCOTUS or perhaps SCOTUS wanted to give Congress and a new Admin time to reasonably resolve the issues regarding the GSES while making sure taxpayers and the US MBS market were protected?
YES I BELIEVE SO!
But also gave them time to adjust the GSE contract with Treasury aka the 5th amendment???? Also gave Congress a shot over the bow in regards to clean up your act or we going to set the law straight in a few things and take the power back!
Remember SCOTUS isn’t a separate unit that controls it self ! It has far reaching overloads to rule by the law as per there masters!! ( The Federalists)
……………………………………………..
Now it seems clear that Collins made several separation of powers issues ripe and relevant for adjudication and their are highly incentivized plaintiffs to push the Consitutional issues.
WE ARE SEEING THAT NOW WITH SCOTUS taking up certain cases!!!
It’s all in the master plan to bring it all under control by a central Government! Aka ONE WORLD GOVERNMENT that will control all parts of everyone’s lives.
The lastest one is the ( Fed Now) scheme!! Then the digital dollar where the government will control your spending !
Think of every mortgage issued so far! What’s stopping the Government making them into a system like the 3rd amendment?? Your Fannie and Freddie loans will never be repaid !!! .
Dam it’s Friday night that $50 could have brought you a good bottle of whiskey but you spent it on common shares of Fannie Mae ? No party this weekend then!
Don’t like what it says at the bottom of page 5 and first paragraph of page 6.
Once the companies have met there capital requirements. Divided payments are turned back ON to Treasury. No mention of release !!!
You will find that these types are lining up to get those SPS from the sale of the Government.
Once the next government gets in Jan 6th 2025 ( Trump hopefully) there plan would be to sell off to there friends and contacts. Does take a rocket scientist to figure out what Bill was meeting with Steve back in 2019 about !! They ran out of time
Page 18
Treatment of common shareholders. READ item 35 at the bottom!
JPS, have the Gov by the Balls if they try anything less than Par !
Page 13 to page 14
https://www.cbo.gov/system/files/2020-08/56496-GSE.pdf
You know dam wel Ackman and Co have spent a ton on fighting in court and I bet you they an't ready to take a haircut. They will want PAR !! for JPS
Redemption of Shareholders’ Claims in CBO’s Model
CBO’s model incorporates the judgment that in scenarios in which the GSEs’ common-stock sale did not raise
enough funds to redeem the full face value of both the
senior preferred and junior preferred shares, the Treasury
would take a reduction (known as a haircut) in the value
of its senior preferred stake before requiring junior preferred shareholders to do so.30 That outcome would be
inconsistent with the priority of interest between junior
and senior preferred shares. But it recognizes that changing the GSEs’ commitments to junior preferred shareholders would be difficult outside a receivership scenario,
in which the Treasury, as owner of the senior preferred
shares, also owned the GSEs’ common stock (through its
warrants)
to allow the GSEs to retire their claims on the GSEs’
assets and income at less than the face value of their
shares in the lead-up to a sale of new common stock.
That refusal would reduce the value of the new common
shares, making recapitalization more difficult. Even
though the Treasury’s preferred shares have seniority over
the preconservatorship preferred shares owned by investors, the Treasury would have an incentive to make an
arrangement that took into account its ownership stake
in the GSEs’ common stock.
Ha ha that’s funny when JPS have legal contracts as they are bonds on debt. Commons are just a wild card play. I own both.
Well then the Government better bring there check book ! Hence why I have buying $50 JPS for a fraction over $2.
That’s to Loud !!!
Tone it down a bit lol the Board of Directors @FHFA will become deaf and not here the Chants from Shareholders to give us back our companies!!!
Oh wait! They turned down our volume anyway! Looking forward to earnings report. Just another nail in the Governments theft of Conservatorship !!! That they must release!!!
??????? Dumping MORE money into Fannie Mae and Freddie Mac? That's the funniest thing I've heard all week!
Thanks for the update, it's stickyed
With the latest oral argument with a Gov/ county able to take all assets in the Williams case. We see 2 judges up hold the enrichment clause!
Could this be a fair argument for the Waze and Fisher case to proceed on this grounds ?