Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He's going down with the ship
The captain is supposed to go down with the ship...
“Being superior to others is nothing other than having people talk about your affairs and listening to their opinions. The general run of people settle for their own opinions and thus never excel.”
--Yamamoto Tsunetomo, Hagakure: The Book of the Samurai
Perhaps this will lift your sagging spirits
Sounds as if you've got the #Fanniegate Blues
If you're interested in making money, now's the time to do it
Doesn't matter whether the conservatorship ends or the government ever pays
Prefs have already started recovering, but commons may diverge a bit yet, the broader market may or may not help create a better opportunity next month. Haven't looked at the short #'s being discussed but the common are easy to push around at these prices and low volume
Even Stockman can make money in this environment, you can too, it's easy
Repeating it like a mantra won't make it so
"Meantime life outside goes on all around you."
You got the principles wrong:
They're more like "let's set up a fort and start buying the place with beads"
"the conspiracy to rip off the shareholders"
How can I get in on that action?
The Motion For Summary Judgment which comes much sooner, will be a key inflection point.
Either the shareholders will lose and all share prices will plummet, or they will get a nice boost from the potential of a shareholder win at trial if we survive the summary judgment motion (I think we do, fwiw).
He won't be happy with his money though; he'd complain if he was hung with a new rope.
Sure you will
Let's see your Wikipedia page
here's Judge Lamberth's:
Education and career
Lamberth was born in 1943 in San Antonio, Texas. He graduated with a Bachelor of Arts degree from the University of Texas, where he was a member of the Tejas Club, and from the University of Texas School of Law, receiving a Bachelor of Laws in 1967. He served as a captain in the Judge Advocate General Corps of the United States Army from 1968 to 1974, including one year in Vietnam. After that, he became an Assistant United States Attorney for the District of Columbia. In 1978, Lamberth became chief of the civil division of the United States Attorney's Office, a position he held until his appointment to the federal bench.[2]
Federal judicial service
Lamberth was nominated by President Ronald Reagan on March 19, 1987, to the seat on the United States District Court for the District of Columbia vacated by Judge Barrington D. Parker. He was confirmed by the United States Senate on November 13, 1987, and commissioned on November 16, 1987. He served as chief judge from 2008 to 2013. He assumed senior status on July 15, 2013.[2] He also served as presiding judge of the United States Foreign Intelligence Surveillance Court from 1995 to 2002.[3][4] Since becoming a senior judge, Lamberth has been assigned as a visiting judge in San Antonio for several months per year at the United States District Court for the Western District of Texas.[5]
https://en.wikipedia.org/wiki/Royce_Lamberth
"Most of the money is from sovereign wealth funds in the Middle East, including Saudi Arabia’s Public Investment Fund,"
(The hijackers in the September 11 attacks were 19 men affiliated with the militant Islamist group al-Qaeda. They hailed from four countries; fifteen of them were citizens of Saudi Arabia, two were from the United Arab Emirates, one was from Lebanon, and one from Egypt).
“Let me just be clear, despite the fact that the director and I are having conversations, we’ve made no decisions at Treasury whatsoever yet,” Mnuchin said. “We are contemplating. There could be a scenario where at some point in between basically the zero capital they have, and the full capital requirement, there would be a consent order and they would be released subject to consent order. But as I’ve said yesterday, there’s got to be significant capital for them, in my opinion, to be released.”
--Steven Mnuchin, December 1, 2020
https://www.housingwire.com/articles/fannie-and-freddie-need-significant-capital-to-leave-conservatorship-mnuchin-says/
Your negotiator left out asking for carrying charges, and also what about the vig?
You don't get these things for free, everybody's got to pay the piper, so you'd better go high, but put the peddle to the meddle, they're over a barrel now.
You won't get a response; but if you do, the argument won't be supported by either/or the law or facts.
ALL EYES on FHFA = Good for #FANNIEGATE
they're looking our way
"The lady doth protest too much, methinks"
Patience, grasshopper
let's view the plan
It's a plan for Congress
think of it as a 'potential near term catalyst'
These are awesome demonstrations, thanks.
--It would show a lot to a lot of minds if you do one showing the FNMAS triple bottom that was made in the last three weeks in the $1.60-1 range. The base looks pretty solid after the recent news indicates change and more to come.
Prefs are money good or near, that's 15-17x from here; the stars are aligning so it may be the last chance to dance, don't be a wallflower, time to go Full Bradford.
Hey, try to be nice
Those "BOZO Bureaucratic IDIOTS" you refer to hold the fate of my personal property in their hands.
"Who wouldn’t jump into preferred after the crazy price action after SCOTUS?"
Anyone who's familiar with the prefs price movements over lo these many years knows that "what goes down must come up"
"people"
which "people" is that?
Try googling 'Punctuation', it may open up a whole new world for you.
If you're leaving out the punctuation on your Twitter posts so you may cram in more words, I assure you that no one will miss them, but we do like to see a comma now and then, and in their proper places too.
I understand your frustration in being wrong; you're hurt and lashing out, in my case at one who can help you by steering you in the right direction; given that the high low on the low down is now down, how now?
Here, hold my beer...
Now, watcha my smoke
You no got shares, you no gotta chance
I hear the Saar Chasm is beautiful this time of year...
But I'm stuck here in Pratt Falls, IA with a broken punchline
I have a GoFundMe page if you'd like to help
This is getting good
Great reporting, this is some real game changing information if true.
You'll probably beat Gasparino for the Pulitzer Prize this year.
Freedom's just another word for nothin' left to lose
You raise a good point, just what is this 'freedom' politicians keep squawking about losing?
Booze is mostly legal (except in a few dry counties) weed is getting legal (despite federal efforts). Cars go faster than ever before, movies and sports are big and available everywhere and you may or may not worship any deity or three that you may choose. Except for a few backwoods states, women mostly can get legal abortions without interference from men, so what is it everyone is worked up about? Trans folk using a bathroom? Freedom to choose suicide by cop with maximum fire power?
That's nothing; Wise Man's 'Plan' is only half as good as my plan, which gives us twice as much in just half the time, and with only a quarter of the effort.
Just run the numbers and you'll see it all adds up, you can count on it, it's easy as one, two, four...
Not exactly
"" FHFA expects the Enterprises to live up to their mission obligations and help ensure that investment capital reaches underserved markets. Fannie and Freddie have a responsibility to identify the obstacles these communities face in accessing mortgage credit and affordable housing, as well as a duty to develop strategies for overcoming them safely and soundly. ""
Is this in their charters? Or is it something she's making up as it's good for the taxpayers? Based on what? Hmmm...
$50 prefs are the best bargain. I stick to FMCC's because they could exit conservatorship sooner than FNMA. The bid/ask spreads are often wildly apart, so buy only on limit, I usually hit the bid and go up from there. Anything below $3 right now is a pretty good deal.
Someone with a ROTH IRA and/or Traditional IRA currently can, if over 50, stick up to $7,000 in each account. At current prices of say $3ish, that's about 4,600 shares in both accounts, with a face value of $233K. Not a bad bet for a good return in 3-5 years or even less.
Congress' $54B bailout of the airlines
Meanwhile, Congress continues to spend like a sailor (sorry, Commander) on shore leave:
"" Airlines are racking up an unprecedented number of delays and flight cancellations just months after Congress gave the industry $54 billion so that carriers could retain their employees and facilitate a seamless return to air travel as the nation emerged from the pandemic.
https://thehill.com/policy/transportation/562879-massive-flight-delays-cancellations-prompt-finger-pointing
Good luck with that
https://www.yahoo.com/huffpost/john-dean-reveals-massive-legal-031304178.html
"Most legal observers believe Trump’s lawsuit will go nowhere and is actually a scheme to help raise money."
Time is on my side
Good post, 'nuff said!
--And now all please enjoy this brief musical interlude; sending it out for the now joined at the hip U.S. Treasury/FHFA!
"Too big to fail" are some fancy words
Alito sure sounds like one of those dirty rotten property stealing commie rooskie red... oh sorry we're friends with them now; Congress has long wanted to be able to de facto nationalize any industry like in Russia and Venezuela, and now SCOTUS has schooled them as to how to do it.
Any company/industry now can be nationalized under the guise of being "too big too fail" via citation as a risk to 'national security', or done in the name of 'stewardship of the environment', blah etc., just copy the pertinent language in HERA and you're all set. Facebook? Twitter? Why not, they make $ billions. One can get creative and find rationales to take over the pharmaceutical industry, the oil industry, solar, timber, anything that makes money.
https://en.wikipedia.org/wiki/Conservatorship:
"" When referring to government control of private corporations such as Freddie Mac or Fannie Mae, conservatorship implies a more temporary control than does nationalization. ""
"" Again, in the U.S. at the federal level, in September 2008, the chief executive officers and board of directors of Fannie Mae and of Freddie Mac were dismissed. Then, the companies were placed into the conservatorship of the Federal Housing Finance Agency (FHFA) via the determination of its director James B. Lockhart III, with the support and financial backing of U.S. Treasury via Treasury secretary Hank Paulson's commitment to keep the corporations solvent.[8] The intervention leading to the conservatorship of these two entities has become the largest in government history, and was justified as [a] necessary step to prevent the damage to the financial system that would have been caused by their failure. Entities like this are considered "too big to fail".[9][10][11][12] ""
Govt. could have gone RTC route with the twins but explicitly chose not to, why? Billions in profits for years, that's why...
https://www.investopedia.com/terms/r/resolution-trust-corporation.asp
"" Perhaps a sharper criticism, however, is that the failing S&Ls seemingly posed little threat to the global economy, global markets, or, arguably, even the U.S. economy. Most economists today do not point to the S&L crisis as the primary cause of the 1990-91 recession, for example. In retrospect, the threats posed by the failure of many small savings institutions pale in comparison to such things as the failure of Lehman Brothers in 2008. ""
"" Some may argue, however, that the experiences of the RTC, especially the pooling and packaging of assets and allowing the government to participate in any market upside from the bailout, helped in making decisions about future government bailouts. ""
SCOTUS in Collins has granted broad new powers and latitude in government imposed conservatorships, and ratified the taking of profits in such cases, in defiance of the common law origins of conservator duties.
https://dictionary.thelaw.com/fiduciary-duty/:
FIDUCIARY DUTY
THELAW.COM LAW DICTIONARY & BLACK'S LAW DICTIONARY 2ND ED.
"" The duty of care and loyalty and reasonable and impartial judgment owed when in a fiduciary capacity, being in a position of trust, e.g. a guardian or trustee. ""
--Too big to fail (to make mountains of mazuma), indeed; how many $ billions has the govt scammed by now?
--We need a new national anthem to go with the new flag design. This one seems ready made:
You mostly get the picture, in that you are beginning to understand that there is no fundamental difference between the R's and the D's.
But your quote below tells me you have more work to do:
"We can either a) hope that “someone richer than us” files that kind of lawsuit you mention or b) start to do the hard work of realizing what we are up against."
--The R's and the D's exist to serve the interests of "someone[s] richer than us". Those "someone's" may find temporary alignment with "us" useful, but they are never part of nor aligned with "us". They seek only to control and profit from "us".
This is a class struggle, what do the rest of us need billionaires for?
"I can hire one half of the working class to kill the other half."
--Jay Gould, American Capitalist Grifter
GSE Yields Forever
This illustrates why it's so important to own a few politicians these days
Actually, it's more like this:
"This is what happens when a country that nationalizes its private corporations is sanctioned to death by a country that nationalizes its private corporations".
It's not rocket science
https://worldpopulationreview.com/country-rankings/countries-with-universal-healthcare