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"Contact Plaintiffs legal team and demand from them to do their job, so far it's a weak
and not responsible effort"
Years ago, comments were that the various suit plaintiffs hired the top shelf lawyers for their cases. If that is truly the case, the law profession is in dire straits!
"It looks like she is not knowledgeable and/or evades answering the questions properly and honestly."
You CAN'T be a shareholder and be surprised!
Sort of silly reading about all the capital the GSEs NEED. They have now accumulated $100B. Where's the $96B they had when put into conservatorships? Where's all the billions upon billions that the FHFA suits got from the banks' sweetheart settlements and why wasn't that money returned to the GSEs from which it was swindled? Where's all the billions and billions absconded by the Obama administration to pay subsidies that Congress would not fund? Return all the monies owed the GSEs and they are awash with capita!
"We need to get the Republicans to come up with a new plan. Then, see if it gets through."
As I recall, Georgie and Hank started this shit. Then Trump hired a shithead at Treasury and a shithead at FHFA. There's no answer with Republicans and no chance with Democrats. Congress is a large dead body.
The courts are corrupted. Who's to save us....Putin?
Since the country is on the downhill slide, the time will come when the socialists are up against the wall and will want someone to save their asses. I will be one of those wishing them luck with a wink!
The warrants come into play in 2028 and it wouldn't surprise me, if one had a time machine that could transport you to that year, you might see then what you see today (5/23/2023)!, To date, the legislative branch has failed us, the executive branch has failed us, and the judicial branch has failed us, Jefferson, Franklin, Hamilton have all turned over in their graves, so what remains will be what's left of this country when the socialists succeed . . . . no government that can be recognized.
"why is SCOTUS having a hard time up holding the law ???"
I don't know your age but am betting that SCOTUS has not been about the law in your lifetime. It is all now politics and has been so for many, many years.
They say "The law, what stinking law?"
"ST "I don’t know that we have a plan to release the GSEs from conservatorship. I have not talked to the Administration about that."
I have been saying all along she is useless and clueless"
Mel Watt with a fat ass and tits! Nothing more, nothing less!
"Sandra did state that $Fannie & Freddie now $Maintain above a combined $100 Billion $Net $Worth .."
Had the committee members done any research (and I'm assuming there was none), a member should have asked Thompson the question "combined, Fannie Mae and Freddie Mac have made 100s of billions in profits in the period 2008 to present, have paid no shareholder dividends during that span, and now have retained $100 billion in capital. Where is the REST of the money from sustained profits? With ALL the money, wouldn't the GSEs be well capitalized and therefore, released from conservatorships?"
"Will this tortured drama EVER END? My Magic 8 Ball keeps telling me, "Ask again later."...
After almost 15 years, you and I both know the answer, but with a caveat. That is, one of the three branches of government will have to grow a set (where none presently exist) and order its own government to release the GSEs from their long ago, goal accomplished conservatorships.
"What did Momma tell you again"
BETTER CALL SAUL
""The court did not address a second question raised in Calcutt’s petition, involving his challenge to the structure of the FDIC
'
Referred to among the public as "half-ass". A concept of which it has become proficient!
"Will a helmet with antenna provide the conch shell better reception? I might order one."
Will have to take off the helmet with the propeller to find out!
The scary part of the letter is "it will take at least ten years for the Enterprises to meet those requirements and be released from conservatorship"
10 f***ing years!!!!! That's 2033. Some of us might not be around that far in the future. That would be a journey of 25 years to Corruptionville USA.
"The Supreme was to weak to take that part of it on and or they were scared and hiding under their desk as usual."
I agree with you wholeheartedly! I saw nothing but 9 gutless lawyers shirking their responsibility to do the right thing and failing miserably. Hell, the guy living under the bridge down by the interstate knows the shareholders were grossly abused so that those in the financial arena could play their little games. Are the justices just that stupid? Even at that, some court should have abruptly halted the conservatorships in the interests of innocent shareholders but no, the games continue to this day.
No need to defer to POTUS. He would forget the conversation before you left the Oval Office! One would accomplish the same thing by addressing one of the portraits hanging on the wall.
"Sandra will do nothing - no backbone ... defers to Congress"
Congress will do nothing - no backbone ...defers to Judicial System
Judicial System will do nothing - no backbone ... defers to Sandra
WASH - RINSE _ REPEAT (The Never-Ending Cycle)
"Do you think this is a nothingburger?"
The only item om the menu is NOTHINGBURGERS and this "greasy spoon" has been in business almost 15 years!
No matter the level of the job in the state of New York, seems all they can produce is GARBAGE.
Federal, State, County, City . . . . . all GARBAGE.
"MSFT has 8B s/o similar to worse case scenario for the twins and similar earnings. Only difference is 50c pps vs $300 msft pps."
Only difference? Hardly! One has been almost completely nationalized and it is NOT Microsoft! Care to take a guess?
****************almost completely nationalized = still breathing but barely*******************
**************************trading as if it didn't exist***********************
Sympathy? Who the hell needs sympathy?
"I agree Guido, educate members of Congress on the details of this corruption. "
Pin all 535 of them to the wall and make them tell you about the F&F situation. You might be surprised how many are aware and choose to do nothing. You can then offer them a blindfold, if you wish!
"Some here may not know of Warren Buffett, but this man has immense power and persuasion. Immense!"
And can do no more than you can to get the conservatorships lifted; which is absolutely NOTHING!
The roof is leaking,
The rain is falling on my head
Drip Drop
Drippety Drop
The Drifters on Atlantic
"That is assuming that this fiasco actually has an end."
Pretty sure that was not in the game plan back in the day. Heck, may still apply today!
Nothing unusual, just more lip service. We've been "lipped" to death over the past 15 years!
"Any one care to explain why the Supreme Court would want to hear this case gives all the losses over the last couple of years?"
Guilty Conscience.
"Why does @FHFA , the most corrupt government agency in the history of USA, employ 731 employees"
The government does not want any unemployed people inside the Beltway. It found 731 not working and hired them to keep an eye on Fannie and her brother Freddie although neither needed watching as both operated proficiently. Remember, everybody working for the government in D.C., with benefits, makes $100,00+ a year thus requiring the coining of a new word . . . bureaucracy.
Why not 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022?
10 years of profitability and he wants in just now? Old Warren better worry about the actuary tables now instead of the Fannie.
"Did anybody see clip today of Warren talk about Fannie today at Berkshire meeting.
Good stuff!! We be jamming!!! Ke knows’!!"
You can do as much as he can about the Fannie situation . . . . a big NOTHING!
"FNMA net worth $94 Billion + FMCC net worth $39.1 = $103.1 BILLION !! ..."
With that sort of mat, you must have been in the Navy! LOL!
"Preferred will trade around par and earn regular dividends once out of conservatorship. Out of conservatorship, commons will trade based on their equity and potential revenues."
Problem is that "once out of conservatorship" statement. I see no indication or effort that it will ever end; considering that it should have ended years ago and nobody even caring except shareholders.
If that's not proof positive everything is rigged, nothing is!
"FANNIE MAE REPORTS NET INCOME OF $3.8 BILLION FOR FIRST QUARTER 2023"
That's over $3 per share profit in the most recent 90 days reporting period so what financial benefit do the shareholders of the corporation get?
Annualized, that's $15.2B which would be quite an improvement over $12.2B!
Oh, I know what he was doing but as of today, the share count is still 1.15B. Unless the warrants get exercised in the future, and that's an "if", then his little prediction holds no water. Heck, the U.S.A. might not exist tomorrow so one should only account for what's solidly there today. Besides, we all might ought to brush up on speaking Chinese!
"According to Fannie Mae's Newsroom, The company had a net income of $12.9 billion in 2022. If we divide this by its outstanding shares, we get an EPS of $2.25. Then if we multiply the EPS by the price-to-earnings ratio of 10, we get a PPS of $22.50. This means that if Fannie Mae was released from conservatorship and traded at a conservative price-to-earnings ratio of just 10, each share would be worth $22.50, which is much higher (5200%) than its current share price."
What is Alex Wong smoking? $12.9 Billion divided by outstanding shares (1.15B) sure as heck isn't $2.25 EPS; it's $11.22. A P/E ratio of 10 yields $112.20 PPS!
I liked Gunston Hall!
"I’m buying 50,000 shares today"
If the stock was priced at patswil's valuation, that would be a significant buy and cause the market to take notice. As it is at 40¢, your purchase is more of a joke (only good for a chuckle) than a big f'ing deal. There are people here with that amount required in their wallets!
A poet and don't know it
Can make a rhyme anytime.