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Perry case was the weaker one from the beginning. Plus we have more now than we had after first Lamberths dismissal. We have some rights per the court now. Judges Brown disagreement with the ruling will be very helpfull for Sweeneys court also. We aim our hopes for judge sweeney where discovery is ongoing and things seem looking good for plaintifss.
Hint: Look at the price action after firts Lamberths decision in 2014. PPS down by 35%. price recovered in 14 days then. Same will be here after the dust settles. We wont get to 4 straight ahead but will see 3.50 soon.
So anyone NOT a bgholder after today?
Gov cannot afford situation of handing substantial returns for major institutional invstors invested in GSEs by stoping NWS- courts will have to decide first it was unlawfull, so it will be justified. Then they can do it. But they cannot stop NWS just by themselves IMO. If they want to stop NWS, they might voluntarily lose the cases under new AG and SG. But I doubt that NWS will come to an end without favorable court decision.
Does Mnuchin really have guts to stop NWS? I mean. Could you imagine the media and political carnage such step would unleash.
I see the titles : Exgoldman, bilionaire, foreclosure robosigning machine man brings fortune to his and president Trumps buddies - hedge funds and other bilionaires. Failed institutions that had to be bailed out with staggering 200 bilions now on a way to another gigantic bailout. Senator Warner furios : "Private gains, public losses scenario all over again." Secretary of Tresury does not protect taxpayers and instead brings wealth to his peers. Democratic leader Chuck Schummer and vocal consumer protection advocate senator Elizabeth Warren calls for nationwide protests and unrest. CNN calls it the taxpayers robbery of century! Scream, Scream!!!
Mnuchin vote should be right after it without floor debate from what I understood, but not sure.
Edit: maybe not without debate, just vote on cloture probably.
Because it sets the space for him and every word of Mnuchin about housing will move this. You want to be in if you believe he is positive to GSEs, it will move quickly.
They hinted they will move fairly quick on GSEs.
GSEs are not bankrupt
They wont be using full 30 hours on Mnuchin, also Price might be voted as early as today evening.
Will end green today
Orchestrated attack anyone?
If we go to supreme court,things will get interesting there with Mr. Cooper:)
Thanks for your input JJ8, always a pleasure to read. Would you share any specific reason for your plan to sell now?
Price will never go to pre-crisislevels again, people should realize that. If you think it will go to 65 again you will be dissapointed.
Where do YOU come from? Do you know Mnuchins plan? Do you know what will happen with commons?
Will move steadily up until Mnuchin in. Then either big pop or big drop depending on his first steps.
So do you apply the same logic to the tens of bilions from settlements from big banks Treasury got on behalf of GSEs?
You really think GSEs are innocent in this? TBTF have to be too then.
400 mil. USD settlement for accounting fraud for example. Would they settle if they didnt do anything?
https://www.sec.gov/news/press/2006/2006-80.htm
GSEs are not angels. It seems like lot of guys here paint the picture like the good victims GSEs and the bad evil government. Get the facts straight guys. Lobying,accounting frauds, big paychecks and bonuses for management (hundreds of millions), shareholders profit greed. That all happened. Bailout in certain amount was inevitable. GSEs might not survie without government help, like in the case of big banks. Other thing is, that things got into a whole new level after 3rd amendment. But it was never as rosy as some here try to paint.
What a lame executive order. Just blah blah..
Waiting for AH to publish exec. order?
He did already. We dont know whts in yet. Waiting for publishing
If it was NWS the PPS would be much higher now IMO - it must be leaked whats in the exec. order. Still seeing lots of sells- what if big guys in the know selling to retail?
Huge wall 4.35 gettin eaten alive
Warrants exercise might be it - thats why preffs went up but common not so much- uncertainity about what will come. Also the price is being holded not to go up.
Or maybe Warrants exercise??
Why would they sell at 4.3. Its figting hard to get higher,but the seels wont let it the ask is stacked
Price action totaly weird. Lots of seeling still
The price action in last 14 days speaks the executive order should be positive news. Smart money - preferreds went up constantly.
Wrong again
He was not confirmed yet.
Not yet, they are now voting if they will vote on him. That will be later or tomorrow...
He was, by the financial comitee, now full senate.
He was approved today. PPS stayed the same.. So comitee vote pretty much priced in. Same stays for full senate vote, maybe +-15 cent move.
His first steps as treasury..thats another story..
You were saying?
REPS voted without DEMS!! Mnuchin in 14:0
Priced in
Oh I see, thank you.
Ok,thank you. I see they have it free, but unfortunately I am not US citizen and TD wont allow me open account.
Where do you get FNMA level 2 quotes pleas? My broker does not support it. Is it possible to get it somewhere lets say for 20 dollars a month?