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Strong ties to banking?
https://en.wikipedia.org/wiki/Mark_A._Calabria
At least the topic of release was brought up - when and who of stature will continue to follow-up on this will certainly gain attention and support from many who have been asking about this for the last 15 plus years.
He didn’t ask for one. Only discussed the idea of continuing with the plan of building capital towards ending c-ship. There may be some limitations about Him going for heavy dialog on the ‘end of c-ship’ topic.
Can you break this down to better explain what this is?
Here with the other concerned Shareholders, suffering the same fate. Wasn’t Trump’s fault - the system was against him.
If He gets another chance, He won’t make the same mistakes twice.
Please watch your manners.
Why are you bothering with this 2017 article?
Could not the Govt have halted trading of securities until c-ship could be unwound?
If so, could it be argued convincingly that there was (and still is) intent to harm current Shareholders (who are also taxpayers)?
If so, what was Govt intention? Maybe those internal docs that Govt sealed under Executive Orders could answer questions germane to the public and Shareholders.
Just love how so much is written and nothing references the basis of the jury verdict: “…jury unanimously decided that FHFA breached the implied covenant of good faith built into the contract rights of shareholders.”
Who will file for harm done by breach of contract rights? Would SCOTUS rule in our favor?
As much as some might no like Glenn, I believe He banked a home run with this article:
https://seekingalpha.com/article/4629381-dc-jury-decides-gse-shareholder-contracts-breached
Good luck to everyone in your investment and success.
Maybe 60 Minutes could interview him on why it’s taking so long to sign off on.
My favorite post. Hope springs eternal!
Imagine the revenue (taxes) the Govt could have made over the last 6 years if they had released the GSEs from c-ship.
Taken as a pipe dream with colorful charts and empty promises-sorry for your loss. No product and no services- do not believe I will ever see a healthy return from this tick.
Stop deflecting-you hype that you’re a pro. Just answer the question and stop taking my money.
Let me ask, what products or services does your company have? Seems HERO was nothing and now HENC is showing nothing. Lost money on stock and only officers of company seem to be making money. Got a good answer? If so, make it a short one.
FHFA is not needed.
That’s okay, when the pink slips are passed out, those who could have helped with the end of c-ship but didn’t will certainly be great candidates for said pink slip.
I believe it was Paulson trying to get rid of any opposition to his opportunity to take over the GSEs. The Board didn’t call His bluff. He then went to Eaton Park and created fear with the hedge fund and other heavyweight investors - they took the bait and bailed out of their investments.
With no one to question the conservatorship, it was wide open to do what they wanted and for ever how long they wanted.
Again, jmo.
Was c-ship a by-product of hate?
Never mind the legal Hippocratic Oath - is there a higher court that can move him along on this sworn duty?
"We have an agreement in principle. The question is, do we all have the same principles?"
Remember when shareholders got treated with respect and showered with swag and perks of companies? I guess the key word is respect-until then, it’s a no-win for anyone.
Who/what does Lambert respect?
By design of c-ship — create impression that companies can’t compete in market and promote a disinterest in stock ownership. If not a Hugh amount of important investors, then that relinquishes pressure on Congress to act towards getting GSEs out of c-ship. Ever thought why the meeting at Eaton took place? Get rid of the big investors so Govt could control the companies.
I would guess that a Friday (after hours) release allows time to set up a stock symbol to start trading on Monday
Easy out should FHFA fail in their fiduciary commitment. Seems they cannot be called on making bad business decisions.
Is this how the term self-dealing is used to describe this business model or is this just another poorly designed way to run the GSEs by the FHFA?
If so, why hasn’t Congress clamped down and investigate why FHFA is failing to address these problems?
No, they dream up ideas on how to lose money. Congress needs to question FHFA plans before they can ruin the GSEs.
Believe that was before SCOTUS witnessed what really is happening. Wonder how many finance and economics classes they took. In other words, they see a central Government - not one that operates or seeks a balanced accounting book.
That’s interesting. How much in penalties have they racked up delaying Judge L final signature? If any, does that go to Shareholders too?
As John Kennedy eloquently put it to her today, ‘nice try’.
How does these monies get paid back? Is this simply welfare? Was this approved by the Board of Directors? How about Congress - what’s their position on this decision?
VP material?
You are barking up the wrong tree - just friendly advice.
Have a good evening.
Good post
Commercial property decline
Could be connected to current commercial real estate issues - office space leasing issues (many places including the DC area), or, simply part of the big FHFA change everyone on the board is hinting at.
Anyway you can search ‘commercial property decline in us’ and go from there. Forbes has a great article that’s readable.
Bloomberg had one titled, ‘A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties’; however, you needed a subscription to read.
Anyway, it seems that the commercial real estate problem has been a hot topic - lots of articles written in 2023 and Maria Bartiromo had a segment on this morning discussing the issue.
So we can see who is trading, I would like these stocks off the OTC and back on the main boards.
That should be the first step towards release.
Maybe the law is just being ignored:
And when will that be?
Should this be a sticky as it helps explain the reason how the c-ship can be ‘null and void’?
Is He pro ending c-ship? Looks to me that he may have a stronger banking and insurance background:
https://www.opensecrets.org/members-of-congress/blaine-luetkemeyer/summary?cid=N00030026&cycle=2022
Sorry, just trying to be somewhat frothy in wit.
Don’t worry, I’m sure judgement day will come as soon as the lady of justice sees the truth.
Happy Holidays to all.