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“ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! - BILL ACKMAN
REPEAT - “ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! - BILL ACKMAN - 08/25/21
REPEAT - “ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! - BILL ACKMAN - 08/25/21
Bill Ackman 08/25/21- “Fannie and Freddie continue to build capital, becoming better capitalized and more valuable each quarter.
As we have explained before, we do not need a favorable outcome in the courts for this to be a highly successful investment, as we believe the re-privatization of the two GSEs is their ultimate path, and existing shareholders will be beneficiaries of this outcome. That said, a win in the courts would greatly accelerate this outcome.”
https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac
Bill Ackman 08/25/21- “Fannie and Freddie continue to build capital, becoming better capitalized and more valuable each quarter.
As we have explained before, we do not need a favorable outcome in the courts for this to be a highly successful investment, as we believe the re-privatization of the two GSEs is their ultimate path, and existing shareholders will be beneficiaries of this outcome. That said, a win in the courts would greatly accelerate this outcome.”
https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac
Your leaving out the important fact and very likely truth that invalidates this hypothesis; andthat’s the fact that the companies have paid off the Sr preferred.
Its a simple matter of formally stating dividend payments did count towards pay down. Its a trivial amendment to the SPSPA.
My vote is Hell No! Screw The junior Preferred Stock Holders.
Somebody turn out the lights here. All Lehman CTs are on the death list.
What a nightmare….
https://www.schwab.com/resource/otcexpertmarket
Isnt this the letter JPS holders received…
“Schwab & TD Ameritrade amendments to SEC Rule 15c2-11 impact your account(s) --
What this means for your account(s).
You’re receiving this notification because you currently hold (or have held) the impacted securities noted at the end of this notice.
You may have multiple options to consider, such as:
Take no action. You are not required to sell these securities; however, starting in late August 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.
Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.
Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of Schwab. If you are interested in transferring the assets, please contact your other financial institution to initiate the transaction.
Thank you for your understanding in this matter. Guidance on and implementation of this amendment are rapidly changing, and we are committed to providing you with updated information once it is available. If you have any questions or need further assistance, please call us at 800-435-4000.
Securities you hold or recently held:*
“
FNMAS 10:1 Sells. Writing On The Wall Dude, JPS Are Gonzo!
Nobody is buying Preferred! Onky Selling!
“it is difficult for me to understand why anyone would own $FNMA when they can own $FNMAS at these prices..”
More Red For Jr Preferred Tomorrow. Worthless Turds…
Why In The World Would Any JPS Holder Care About All This Court Case Crap Knowing Their Shares Are About To Be Cancelled…?
Jr Preferred Holders Got A Notice Of Accelerated Redemption.
This Happens At Current Market Price! Not Liquidation Value, or Some Other Fantasy Price Dreamed Up By Jr Preferred Stock Holders.
Accelerated Redemption Of Jr Preferred Stock Pending! Target $1 (Par Value)
Jr Preferred Shares Got A Notice Of Accelerated Redemption About A Month Ago. Time Is Ticking,…A They Are About To Be Cancelled
“preferred stock liq preference is commonly referred to as par value”
Wrong. Par Value & Liquidation Value Are Distinctly Different. You Are Trying To Confuse & Mislead People.
JPS Par is $1.
Liquidation Value $25 or $50
Morning Green! FNMA Up +0.06 1k Shares
Tomorrow Starts The Continued Decline Of The Junior Preferred Stock to $1 (Par) And Below.
Good Luck Selling Worthless Jr Preferred Stock. Nobody Wants It After SCOTUS Ruling.
JPS Liquidation Value Has No Meaning. Companies Are Not Liquidaying, Nor Ever Will!
Par Value Of JPS Is $1. Its Worthless Junk!
Freddie Mac Anual Earnings. Page 1.
All Jr Preferred Par Value is $1. Same is true for all Fannie Mae JPS.
http://www.freddiemac.com/investors/financials/pdf/10k_021121.pdf
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCI)
5% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCKK)
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCG)
5.1% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCH)
5.79% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCK)
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCL)
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCM)
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCN)
5.81% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCO)
6% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCP)
Variable Rate, Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCCJ)
5.7% Non-Cumulative Preferred Stock, par value $1.00 per share (OTCQB: FMCKP)
Variable Rate, Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCCS)
6.42% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCCT)
5.9% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKO)
5.57% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKM)
5.66% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKN)
6.02% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKL)
6.55% Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKI)
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (OTCQB: FMCKJ)
Correct, Par is $1 For All Jr Preferred. Its In The Annual Earnings Reports.
Now wouldnt it be something if all the junior preferred were accelerated redemption before earnings; then the companies anounce a dividend to all common shareholders at earnings…
The message is dont mess with the government, and when it comes to capital structure the government does not care.
The Conservator (Acting) Has all the powers of ALL shareholders. She can do whatever the she wants to; and it would be perfectly legal.
She can redeem all the jr preferred stock now at current market prices or wait for them to lose more court cases; i.e., Lamberth gives them another big loss and they drop below a buck.
Today’s prices are the best jr preferred hokders will get other than at most ‘Par’ of $1 a share.
Now wouldnt it be something if all the junior preferred were accelerated redemption before earnings; then the companies anounce a dividend to all common shareholders at earnings…
The message is dont mess with the government, and when it comes to capital structure the government does not care.
The Conservator (Acting) Has all the powers of ALL shareholders. She can do whatever the she wants to; and it would be perfectly legal.
She can redeem all the jr preferred stock now at current market prices or wait for them to lose more court cases; i.e., Lamberth gives them another big loss and they drop below a buck.
Today’s prices are the best jr preferred hokders will get other than at most ‘Par’ of $1 a share.
Watch Fund Manager Beg Clients To Keep Holding On To Jr Preferred Stock!
Panic Setting In For Jr Preferred Stock Holders This Weekend….
This Fund Manager Must Be Under A Lot Of Pressure After SCOTUS , And After Clients Received Notices From Brokerages Of Accelerated Redemption.
Watch Fund Manager Beg Clients To Keep Holding On To Jr Preferred Stock!
Panic Setting In For Jr Preferred Stock Holders This Weekend….
This Fund Manager Must Be Under A Lot Of Pressure After SCOTUS , And After Clients Received Notices From Brokerages Of Accelerated Redemption.
September 30th, 2021 Deadline ! $$$$
“Treasury and FHFA have been working to identify and assess strategic options to terminate the conservatorships and raise capital, including identifying any necessary legislation for reform of the GSEs. The PSPA changes today provide a roadmap for Treasury, in consultation with FHFA, to work to restructure Treasury’s investments in the GSEs and to deliver a proposal describing this work to Congress by September 30, 2021.”
They have to report to Congress what they have done this year to get us out of Cship…
https://home.treasury.gov/system/files/136/BlueprintonNextStepsforGSEReform.pdf
https://home.treasury.gov/system/files/136/Executed-Letter-Agreement-for-Fannie-Mae.pdf
https://home.treasury.gov/system/files/136/Executed-Letter-Agreement-for-Freddie%20Mac.pdf
So,… this new acting director can take big actions now like accelerated redemptions… Adios JPS!
Jr Preferred Stock Par $1.00 Congrats JPS & Glen! Your Rich With Moelis & Loser Team! Hahahahahaha
Junior Preferred Sharholders Will Be Very Lucky If They Get Par $1.00 Value Via ‘ Accelerated Redemption ‘.
Adios Junior Preferred Stock!
Commons Soon To Have Higher Stock Prices Than Worthless Turd Shares (Junior Preferred Stock)…
Good Riddance Jr Preferred Shareholders, And Pumper Glen Bradford!
Congrats! You Now Have Worthless Turds! LOL!
Junior Preferred Stock is now worthless. Common stock will very soon have a higher share price than any of the jr preferred stocks.
Tell that to Robinhood and Reddit Crowd. Once we uplist, they can buy, and we all know what tgey did with GME and AMC. Those are merely warm ups for what is to cone with FNMA and FMCC.
Buckle Up!
11,000 Documents Obama Administration (Biden) Was Trying To Keep Sealed About To Be Released…
https://www.rollingstone.com/politics/politics-news/why-is-the-obama-administration-trying-to-keep-11000-documents-sealed-67555/amp/?__twitter_impression=true
Agree. Not happening Tomorrow.
Sleep tight. Going to be a boring day; and big let down to this that think tomorrow is the day
Accelerated Redemption - Last Friday JPS Received Warning Of Accelerated Redemption At Market Price. Time Is Ticking…
That’s a brilliant and very clever idea, how would Fannie and Freddie acquire these Lehman CTs.
BOOM! SETTLEMENT!
Coming Soon, IMO...
“As a result of the merger, which is intended to qualify as a tax-free reorganization, Fannie Mae shareholders and Freddie Mac shareholders will receive 4 shares of National Mortgage Reinsurance Corp. for each share held.”
This is like Bill Clinton saying he didn't have sex with Monica Lewinsky. Come On! Ya’ll got tricked and lied to and now your in denial.
The language of the 4th anendment is specific. Its prior to not a prior, of course a preferred stock may have a prior but the ranking has changed, as setforth in the 4th Amendment.
El Senor Preferred (so called Senior Preferred) is PRIOR TO, Common ; PRIOR TO Junior Preferred.
You should All Be Happy, Because This Means Going Forward You Will Have Your Dividends.