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I have a friend who says the same thing (par value, Damages, etc). He told me when FNMAS was in 1 dollar (2009).
https://www.msn.com/en-us/money/stockdetails/fi-125.1.FMCKJ.PINX?symbol=FMCKJ&form=PRFIEQ
After hour
Unusual , odd ?
https://www.msn.com/en-us/money/stockdetails/fi-125.1.FMCC.PINX?symbol=FMCC&form=PRFIEQ
After Hour
Unusual . Odd ?
https://www.msn.com/en-us/money/stockdetails/fi-125.1.FNMA.PINX?symbol=FNMA&form=PRFISH
what do you think about this?
https://howardonmortgagefinance.com/
Except that’s not what happened. What happened was that our last experiment with “transferring non-catastrophic credit risk to capital markets investors”—private-label securitization—resulted in Fannie and Freddie losing their ability to set national underwriting standards. This led to the quick collapse of those standards (while regulators stood by passively), and a subsequent flood of easy credit that pushed housing activity and home prices to unsustainable levels, from which they inevitably collapsed. Fannie and Freddie were pulled into this vortex as were commercial banks, but unlike the banks—whose mortgage credit loss rates were triple those of the companies—Fannie and Freddie were not thrown lifelines; Treasury effectively nationalized them, without statutory authority and against their will.
Why are you so upset about preferreds?
Preferreds are contracts that Fhfa breaches with NWS .
Preferreds and commons are two different bets.
Every bet has its advantages and disadvantages.
Both bets are very good
II. THIS COURT SHOULD REVERSE THE DISMISSAL OF THE BREACH OF CONTRACT CLAIMS.
A. Defendants Ignore Class Plaintiffs’ Contractual Voting Rights.
The Third Amendment “materially and adversely affects” the “interests” of the private shareholders without the two-thirds approval from each class of shareholders as expressly required by the Certificates that constitute the contracts governing the shareholders’ rights. COB §III.C. See also Consolidated Class
Complaint, J.A. 248-51, J.A. 268-70. The Third Amendment thereby breached this clear contractual voting requirement. The District Court’s Memorandum Opinion did not address this claim. And Defendants ignore this claim as well.
Warning
transaction of 28,000,000 million shares of the series (FNMAT) on November 4 on the OTC Market corresponding to 35% of the entire series (the total number of shares of this series is 80,000,000 million).
Another observation is that since the start of the Oral argument of the appeal on April 15, 2016 have changed hands the amount of 53,471,300 shares of the same series, representing the 66.38% of the FNMAT series.
It seems that with ? parts of this preferred series the US Treasury and FHFA achieve most ? parts for a vote this series and impose a result that may be against the interests preferred’s shareholders.
you lost cred.
Big-Yank
How many shares have you?
How many short-selling shares have you?
How much have you invested in short selling shares?
From Andy P TIMHOWARD717
I would just like to address one topic from your article. It is the $187 Bln that was injected into the GSE’s. This has been a highly publicized as fact, but highly misleading. Let me ask you one question: How is it that the companies, that combined, historically make less then 20bln a year, able to replay $250 bln to the treasury 5 years? Also, how did they get all this money to pay back, during the economic down turn, while the companies were a “failed business model”? – The math does not add up.
Obit Thank you.
My best regards
Obit in you opinión . What is the reason to continúe the conservatorship? Thanks
Lets go back to 2008. Then Paulson realized US needed a lot of money to recover from the crisis, and he preemptively seized control of GSE’s to make sure US funding ability would be unchallenged.
the agency bonds were a direct threat to the US Treasury. The only way he could have stopped GSE’s from doing what the GSE’s perceived as their charter was to take them over. It was possible the Treasury knew the ability of the market for their paper to take in all the agency bonds and it felt it would be detrimental to the issuance of the Treasuries back then.
The FED would do it instead, as the FED doesn’t need to issue any bonds to buy assets, just print currency backed by the assets. It was a perfect solution at the time
That would be the the reason for controlling the viable alternative to the treasury buyers.
Does this mean that there is not enough private capital to support the Federal debt and the GSE’s as well? In terms of bonds were FnF becoming a threat to the treasury?
what do you think about this?
Obit .Thanks in advance
Withdraw and Correct the Error of Thy Ways: The Perry Capital Opinion
http://www.forbes.com/sites/richardepstein/2014/10/10/withdraw-and-correct-the-error-of-thy-ways-the-perry-capital-opinion/?partner=yahootix
“The Federal Reserve had no authority to purchase or hold equity,” the facts include (there are many more):
Geithner: “Under section 13(3) of the Federal Reserve Act, the Fed is prohibited from taking equity or unsecured debt positions in a firm”.
Bernanke: “The Federal Reserve is authorized under the Federal Reserve Act to extend credit in various forms, but is not authorized to purchase equity securities of financial institutions.”
Bernanke: “We had only one tool, and that tool was the ability of the Federal Reserve under 13(3) authority to lend money against collateral. Not to put capital into a company but only to lend against collateral.”
Paulson, referring to the Federal Reserve: “They legally couldn’t do preferred. They legally could only make a loan.”
http://www.valuewalk.com/2014/09/hank-paulson-aig/
http://www.valuewalk.com/2014/09/hank-paulson-aig/2/
foreclosure-inventory-plunges-by-one-third/
http://blogs.marketwatch.com/capitolreport/2014/08/14/u-s-foreclosure-inventory-plunges-by-one-third/
investorsunite.org
Use it with Internet Explorer
"The Harder They Come" Jimmy Cliff
Freddie Mac Announces Settlements Totaling Approximately $5.1 Billion With Bank of America
http://freddiemac.mwnewsroom.com/press-releases/freddie-mac-announces-settlements-totaling-approxi-otcqb-fmcc-1101407
Congraulations to all
toasts
FeralC, Amazing
Just now i am reading, Please post it Here (investorshub)
Thanks
Why Fairholme Is Likely To Win Discovery In Fannie Mae Case
From Beta (Google groups)
http://www.valuewalk.com/2014/03/fairholme-likely-to-win-discovery-in-fannie-mae-case/
Michael Stegman makes a sharp turn: Many investors have told us that they can and want to take mortgage credit risk,"
http://www.marketwatch.com/story/investors-ready-for-mortgage-credit-risk-treasury-2014-03-06?siteid=yhoof2
"send me legislation that keeps the 30 year mortgage alive and reforms Fannie and Freddie in such ways that there is limited government involvement."......
wrong
The President has to ask for help from real experts
Who are the real experts in the mortgage financing?
Short Interest In Fannie Mae, Freddie Mac Declines As Share Price Rises
http://www.valuewalk.com/2014/01/short-interest-in-fannie-mae-freddie-mac/
fmckj bid 1.5 ask 15.0
Bryndon Fisher writes in google groups two days ago.
On a side note.
Our derivative case, on behalf of Fannie Mae, is due to have a significant event. On or before the 23rd of this month, the government is required to submit to the court its motion to dismiss. Since we're the only derivative case, it will be interesting to read how the government will justify its actions. I will get posted to restorefanniemae.us as soon as I get a copy.
Best regards,
Bryndon
How the crash of safe assets fueled the financial crisis
http://www.cnbc.com/id/101327578?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101327578%7CThe%20most%20important%20financ
Eleven Lessons from the Life of Robert S. McNamara[edit]
These topics were selected by Errol Morris and highlighted in the film; they were not selected by McNamara.
Empathize with your enemy
Rationality will not save us
There's something beyond one's self
Maximize efficiency
Proportionality should be a guideline in war
Get the data
Belief and seeing are often both wrong
Be prepared to re-examine your reasoning
In order to do good, you may have to engage in evil
Never say never
You can't change human nature
if dividends are reinstated fnmas are worth 25$ and FMCC ? who Knows !!! 5 or 7 bugs
I think that it is not good idea. The next step is pay the jr preferreds dividends by the conservatorship (FHFA). FNMA has 7,75% and FMCC has not nothing.
the conservatorship continous.
Freddie Mac: Mortgage rates prediction holds steady at 5%
http://www.housingwire.com/blogs/1-rewired/post/28451-tapering-happenedso-now-what#.UsXId8QzJmI.twitter
Construction Spending Increases in November
http://eyeonhousing.org/2014/01/02/construction-spending-increases-in-november/
divvy's would not be restored
why not ?
A Number of Thoughts on Fannie & Freddie; How Big are Modern Loan Files?
http://www.mortgagenewsdaily.com/channels/pipelinepress/12132013-mba-fannie-freddie-mac.aspx
JPMorgan Settlement Implies Billions for Others_BGOV Insight_Nov12_2013
If you can not download this document suscribe to Scrib is easy, Fast and Free
http://es.scribd.com/doc/183458491/JPMorgan-Settlement-Implies-Billions-for-Others-BGOV-Insight-Nov12-2013-pdf#download
House’s Watt Confirmed to Oversee Fannie Mae’s Regulator
http://www.bloomberg.com/news/2013-12-10/house-s-watt-confirmed-to-oversee-fannie-mae-s-regulator.html
Letgoo this is very common. Examples: socialism. Communism. religious fundamentalism.