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No Surprise
From a none enthusiastic point of view, the actual price is not a surprise.
There were absolutely no reasons and no news in front of Ackmans interview at the beginning of February. After the interview (statements) the price was jumping up. Why? Because Ackman said so? Not really or?
It would be normal to come back to the level before. Approximately 2.20.
But we will see.
Fannie, Freddie Recapitalization Rejected
Recap Rejected WSJ
Register
I tried it with no success.
Only a message appears: "The owner of the site will be informed about your intrest.." or something like that.
In google I found, the site is hacked and somebody is collecting user information if you are going on with registration.
I have no clue.
Have a good day of trading
Tim Howard Blog
I just realized that the Tim Howard Blog is no longer accessible without special registration and so on.
"Protected Blog, marked private by the owner..."
Even with registration no access.
Really lovley.
Any solution ?
Thanks
But the debt is repaid, and they dont stop the sweep.
DO WE REALLY HAVE A CHANCE IN FRONT OF A COURT?
We all know: To be in the right is a big difference compared to get your right in front of a court.
I assume that 99% of all readers would agree that the "10% Divident agreement" from 2008 was ok.
If yes, then from a juristic point of view what would 15% be?
And what about 20% or 90%?
And just to make it clear we are not talking about moral.
If we strict follow juristic and mathematic rules, we come to a point where we have to agree it is conservators decision how much "Dividend payment" he takes from the companies. If we say 10% are ok then we have to say 100% too.
In HERA we can read: "The conservator should put the companies in a sound and solvent condition."
Nowhere we can find, "The conservator has to recapitalize the companies."
Are they kept sound? Yes
They are working, every day.
Are they kept solvent? Yes
They can have as much capital as they want from the gov.
Interesting and important the sentence from the HERA: "The conservatorship will end when the FHFA finds that a safe and solvent condition has been restored."
FHFA can keep them in conservatorship for 100 years, and then they can decide if they put them into receivership or put them back to the market.
I like to make it clear again, these all are not my convictions, these are just inconvenient questions to find out,
DO WE REALLY HAVE A CHANCE IN FRONT OF A COURT?
Please keep in mind how fast judge Lamberth made his decision against us.
Conservatorship - Receivership
Hi Zephadiah, thanks a lot for the two links.
If we read carefully then we see the danger:
"...the director may appoint a conservator (or receiver) in cases of insolvency, undercapitalization, operating in an unsafe or unsound condition..."
Take special note: "undercapitalization"
"...However, assuming a statutory ground exists and the Director of FHFA determines that the financial condition of the company requires it, the Director does have the discretion to place any regulated entity, including the Company, into receivership. Receivership is a statutory process for the liquidation of a regulated entity. ..."
Here we can see the problem with the situation that Fannie and Freddy are not able to recapitalize. The FHFA can put the companies in receivership and wind them down. I think this danger is vital and we should keep this in mind.
Thanks again for the two interesting links
Is there really a new bailout under conservatorship???
Or is this the point where receivership starts and this is the end???
Hi to all,
I would like to ask a question to the board and please forgive the English; I am not an US Citizen.
I am thinking about this more or less every day and I am reading all your posts with interests.
Let's assume, Judge Sweeney comes finally to the point that the third amendment is not correct, and I would agree with this point of view, by the way.
Then your government and that means all of you taxpayers, have to pay back all the received money to Fannie and Freddy. That means Billions. And as longer it takes and months are going by, the amount of money is getting bigger and bigger.
This judgment can destroy your economy. And are you really believe that any government in the world would accept that?
Many thanks for your thoughts.
Greetings to the US.
ARCA with us today
At 8:51 with 3100 and 4,20$ on the Ask side and with 4.11 $ on the Bid side.
Right now I only can see 2,200 in Pre Market
Just a thought!
Once upon a time there was a Man, he was really sad because he had a huge amount of debts. So his future was really really dark.
But this Man had a warranty of 79,9% of all common stocks from a really really profitable company. The warranty stock price was one thousandth of one cent so $0,00001.
This Man is more or less in a situation to wind down this company lose all this stocks and stay poor until the end of his life.
Or he allows this company to stay alive and he sells his amazing amount of stocks to an actual price on the market and lives happy and without any debts for the rest of his life.
What does all the experts here think?
(sorry for my English I am German)
OK guys, 8,7 Billions in Q3 and 10,1 Billions in Q2, that means 1,4 Billions less, what Kind of News are this?
Good or Bad? Or just nothing because we are playing in a Casino?
Germany:
Volume=forgetable (85.000)
Price: 1,76.. -1,68%
The slowest Day in the last two weeks
Maybe you are right! In Germany the morning was absolutely death.
Nice Letter Crawford but not really a New Letter much more an Old Letter. Nearly one month old.
But Thanks for the reminder
Question from a non professional,
Has anybody an idea, what it could mean, to wind down a Company making strong profits like Fannie and Freddy are doing right now.
Do we really have to expect, that they remove all common Shares from stock market without any compansation?
Maybe somebody can remember a former wind down of a Profit making Company?
Thank you for a good answer
Markus