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Though I am not a 'Preferred Only' advocator, I do not like 'mis-leading information' about the Preferred securities either. 'Callable' means they have to 'Redeem at Face Value(FV)', meaning they have to be paid their "issue Price FV'.
How about 'COOP"?...Definitely this would have been the Coup of the Century IF they Hid all of them Assets from the "Prying Hands" of JPMC & escaping the diabolic machinations of Demon Puppet XFDIC Boszo....
Really??? Like Who? I am not the biggest holder but I got enough...And no one contacted me...I don't want to speak for them but there are BIG holders here and none of them seem to have been contacted either....
I want my 'Judgement Award money' sent to me before April 9th, 2024 as per the Court Order....'Nuff Already, WTF.....
Yeah... All Billionaires are a very $elfish Bunch... they give a rat's A$$ about some puny Commoners' retirement accounts...
1.64 10100 x 1.65 10100 on FMCC. What a FAKE BID x ASK. Just MMs putting up Fake Bid x ASK.... FMCC looks like someone Whale Loading Up. Looks like 1.80+ EOD.
The day any word gets out about the RRR plan by FNMA CEO, FMCC & FNMA will have 40M Volume days and after that IMO, they'll be having Avg Daily Volume of 20M shares...
GO GO FMCC... Wohoooo,... looking for 1.75 EOD
IF you want to be on the FNMA train, Buy NOW...It is ready for lift-off to $2.00+ today afternoon.
I won't name any names here but some posters who were 'trading' FnF and not HODLing them, seem to have 'gotten off the train' and feverishly running on the tracks now after the train left the station!..... Don't put yourself in their position, Be ON the Train, Never Get off it...Lessons....Lessons....Folks never seem to learn...Next Stop FNMA $2.50+ by March EOM.
Hmm...And you are 'NO' something?
I can't believe guys still waiting ' on a Pullback' to load FNMA....This could easily zoom to $2.50+ by this EOM!
I will HODL till we hit at least $130+...We were trading $60+ before the "Takedown" by Hanky-Panky Paulson & Co so that they could 'save' the Wall St IBs.... In other words, covertly the worth of their own Millions of shares of stock-holdings in GS, JPMC etc. All Wall St Hoodlums are Nothin' more than a Bunch of "Incestual Folks"
One Fine Day soon, the CEO of FNMA will announce that the SPSPA and 'warrants' have been cancelled...And the CEO of FMCC will follow and make a similar 'PR'
Yeah...My Accounts are mostly at Chucky but even I am apprehensive...that's why I recently 'transferred' 'in kind' a Bulk of my Lehman CTs sitting in an 'Individual Brokerage Acct' to my Roth IRA to kill two birds in one shot. Avoid my gains being 'taken from me' by GubMent as 'Capital Gains Taxes' in future and protect any 'Hanky-Panky' the brokers may play with Individual Acct with the 'pretext' that 'some fee' 'didn't get paid' or some nonsense like that.
I am not sure what Chucky charges as 'Annual Acct Mgmt fee' for Roth IRAs but I am hoping it will be far less than that for an Individual Account....When we hit CT's Paydirt, a lot of the brokerages where our Accounts are will make a 'ton of money' in the form of 'Mgmt Fee', levies on a "%age of Net worth" of the 'Assets Managed'.
Yeah, It is clear that 'LBHI' got its 6%, with the argument that it needed to pay 'its Subordinated Creditors' 'Per Contractual Guarantees'...And this was the first time that LBHI asserted 'in front of a Court' that it 'had Contractual Obligations due to Contract Guarantees towards the Subordinated Creditors', which validated my own Investment Thesis as to why I had loaded up on the LBHI CTs.
Now, it remains to be seen IF LBHI 'forwards' that "6%'Judgement Award to BNYM before April 9th, 2024 so that BNYM , in turn, will pay us CT holders that "Interim Dividend Pmt' or LBHI Mgmt 'keeps' the 6% distribution for itself....GLTU & GLTA!
For All we Know, these 'Sales' could be the 'Hanky-Panky' of some Investment 'Broker' RIAs, 'selling' their Client positions and 'buying them' into their 'own personal Accounts', under the 'guise' of 'cleaning up ''BK positions' so that they could get 'All those Spoils'...Talk about the 'Foxes guarding the Hen house'...
"Hopefully it wasn’t all funneled to Israel and Ukraine or Venezuela…"
Hmmm...Hope NOT!
Because Folks maybe ignorant/ don't even care to look at the 'Snail-mail' they might have received from the Adin/PwC or may have even moved out and never cared to change their mailing address? Life happens, its like 15 years now from the BK and a lot of people who might have taken a 'crack at it' in 2008 may even have passed from this world, don't wish it upon them but life goes on, its tragic...
Aha? Are you their Alter Ego or 'the Other Cousin'...
Really?? The CEO said "$189B was Paid"... So, this nonsense of Treasury "exercising' $190B" worth of SPSPA conversion 'for the Common shares' is nonsense....There was a reason that the UST payments 'stopped at $189B"...Guys are really CLUELESS here !
Its more like 135+, based on what the CEO said today...
$$$$!
Thanks for posting! YES, Today, I got the Clarity I needed about my Fannie Investment (and by extension, my FMCC) from the CEO herself!
"Almodovar: Thank you for that. Not only did it not cost the taxpayer anything. So I think we drew 119 billion from Treasury. We have paid back 181 billion. So, it’s been a great investment for the taxpayer. It’s been a great deal for the taxpayer. And in the last few years, we’ve been built building capital through retained earnings. Today, Fannie Mae, this was as of December of 2023, 78 billion in capital. We’re still undercapitalized, but we’re building capital. We see how as a business, it’s an operating model that is very well-run and very well risk managed."
I need not say anything more to the Nay-Sayers...IF there are any Nay-sayers after what the CEO said today, they must be "Dumb as a Doo..."! That all Folks! GLTU & GLTA!
Nice...Next week we break Out!@$$$
Yes. Our Indenture Trustee BNYM already had filed the claims for Class 10-B US CTs and this was also stated by Judge Chapman in one of the hearings...
Hmmm...Do you think their CT holdings 'got redeemed' by LBHI ie.,LBHI 'bought off' all their CTs? TIA & GLTU!
So, what's wrong with that? A Home is a major investment...Any Future Losses/Profits of such an 'investment' have to go to the ;"Investor", NOT to the 'Rate Setting" Middlemen...And we are not even talking about the "Real Estate Taxes Burden' that the 'Home Investors' are bearing...It's really Asinine that the local ISDs, County & State Gub'ments want to set "%age" "Real Estate Taxes", so these Gub'ment bodies have been 'making off like Bandits' for the last 4 years, with the parabolic increase in home prices, the brunt of these 'Additional taxes' are being borne by the 'Home-owners', it's so sickening, especially in TX. In Austin, even worse...Old-time Home-owners in Austin, with 'fixed Salary incomes' , who don't want to sell the residence that they need to live in, are even being put in an unenviable position of choosing between forking 'Huge Real Estate Tax' vs 'Distress Sale' of their home, just to get out of the huge Real Estate Tax burden! We'll soon end up as a Nation oF Renters, who are at the mercy of 'Wall St Landlords'...The Real Estate taxes have to be changed to a 'Flat Amount' & 'capped', instead of this predatory practice of charging "% Home Value"...All the "Extra monies' are being 'gobbled up' by the 'Entitled Govt employees' who are 'giving themselves" ''Pay raises"...No one is getting an 'extra civic facilities' (and even then why would you need any 'extra facilities', your St lights, roads, water pipes are already there). For eg. TX State Govt employees 'got paid' 'across-the-board' 5% Extra pay last year... this is in addition to any individual 'pay raises' the employees got.
Good Riddance....All the Realtors were doing was just putting their 'Hand in the Cookie Jar' and making off with 'Obscene Profits', with the brunt of those 'additional pay' coming out of Seller's sale price....5 years ago, for a $300000 Home Sale, they would each (the Seller's Agent & Buyer's Agent) take $9000/each, for a total of $18000....Now, for the same home with sale price of say, $500000, they take $30000 or $15000 each, the Same exact home...What "Extra Work' did the Seller's Agent or the Buyer's Agent are doing now vs 5 years back to get the additional $6000 each? Zero, Zilch, Nada,...This whole "6% Commission" was "Collusion Commission" that was "Set" by NAR and the Realty Firms, "Acting as Syndicate", which in layman's terms is pure "Racketeering"/Price Gouging from anyone Selling/Buying a Home in this country.
This, No one can argue!
"This could be the next dates in the works IMO
Original issue date (settlement date): expected to be the fifth scheduled business day after the trade date (i.e., between March 13, 2024 and April 5, 2024)"
Hmm...OK....And next week, I am flying into NYC...where I am going to drive over a Bridge called the Brooklyn Bridge...It's a very Nice Bridge, with a Lot of History...you see...Maybe I get a proposal to sell it to you? Just think about it...You may come into a Lot of Money next week...
Quite Plausible...OR they are being traded on the Canadian exchanges, as someone else was claiming...A claim which I can't vouch for...Or it could simply be the MMs trading against themselves to create an impression that they are of 'worthless value' and pry the stock off weak hands...So many Shenanigans, all of which points to a TON of money that is waiting as 'Recovery value' for the CTs.
IF so, Why will they show the 'Allowed Claim Amounts' against Classes 10-A, 10-B & 10-C? Anyway you look at it, LBHI is indicating that the 'Amounts' specified against the 10-A, B, C "Allowed claims" are sitting some 'reserved' somewhere....
Interesting. Thanks for Sharing. I did not go through in detail previously but it says that for Class 10-A, 10-B, 10-C, they are classified as 'Cash Available for Distributions on Allowed Claims' meaning that LBHI /CT Trusts already have the Cash for the 'Allowed claims' of those Classes ...WOW! GLTU & GLTA!
Yep...Hope she kills him if he tries to 'stalk her' again...
Agree completely!...And BTW, I am also NOT a Basher...But over the years, after hoping year after year..And hearing 'one court Hearing' after 'another'...we are all pretty "Numb"....Weren't we told in that Court Hearing that BOP "Forced upon the BK Court' and upon D'Hon'ble Judge MJW and that Snake'n Brian Rosen that the BK was getting 'CLOSED' in 2020? Yes, By the D'Hon'ble Judge Herself...What a Lie! There is so much "Corruption" by the DE BK Court-UST-FED-FDIC-JPM & Their Hedgie Buddies in this Case! Now we have the LIBOR...I won't fault BTS for his Enthusiastic Posts...that's why I am willing to wait till that 4/14/2024 Date before which he says a "LIBOR" "Settlement" could happen...Fingers Crossed...EVEN IF that "LIBOR Settlement" happens by 4/14/2024, there is no evidence anywhere that any of those 'LIBOR Money recoveries" that FDIC gets will be 'forwarded' to COOP or WaMu 'Escrows'...As it is FDIC is very corrupt, aswe all know very well by now...They may just take that money and put it to 'Plug' the Huge BKs that are on the Horizon for the Regional Banks...The same way that FHFA/UST have been stealing FnF'sShareholders $100s of Billions of $$$monies with the NWS (Net Worth "Swipe"), for the last 10 years and counting now...
Maybe that's from here he gets his "High"...hopes...LOL...
"All would love to hear at least what his opinion is on who XXXX is and rightfully so as many have been here LONG before he showed up."
So Funny you said the above...And THEN He showed up on the other board too..tsk. tsk..that other BIG Bank Holding company that went BK (or was also 'forced' into BK, courtesy of 'surprise' - Hanky Panky Paulyson)..Anyways, there also same 'Self Important -High Horse' attitude of how he is 'buying up' all the CTs he could get...when the truth is, they were hardly trading anymore by that time...And I had amassed my Massive position long ago BEFORE that 'Effective Date' and immediately after that date... but After that year, pretty much they went missing. you could hardly buy them anymore - all four flavors...Anyways, he posts these Bossy posts of his 'expertise' in 'amassing' his "Puny" portion of those CTs...and 'unsolicited' Musings about them...
Hmmm...Are you talking to somebody?...OR Talking to yourself? There is another guy that posts 'Cryptic' here that always talks to 'himself' ...all the time...Really getting concerned about his health nowadays...
Exactly...Keeping it Honest...But the funny part is : ...... "Jump"...And folks here asking "How High"? So Funny...