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"Yes there are a number of issues that need to be addressed, at both GSEs & FHFA, before a conservatorship exit, but those can be done within 2 to 3 years & w/o Congress
— Mark Calabria (@MarkCalabria) March 4, 2024"
I swear, the guy is as dumb as a rock!
"Not True, There Is No Requirement To Release Simply To Uplist The Stocks."
Who said there was a "requirement" oh yea of little reading comprehension? I said it's not going to happen and it is not going to happen. Either exchange will want them unencumbered.
"FnF were delisted because their share price dropped below $1"
Nope, they were voluntarily delisted by the criminals that put them into the conservatorships.
The NYSE and NASDAQ are slobbering at the mouth to get a shot at relisting both Fannie and Freddie and the actual listings will be like a walk in the park, at record time. However, there will never be a relisting until the conservatorships are cancelled.
"last time they had such little capital & calabrias newly day released 'massive cap req', which was simply moving the 'field goals posts' too far for mnuchin to even attempt"
Oh come on Rick, the shithead Mnuchin showed the dipshit Calabria where to put them!
"Gotta get through 1.7 range. Huge resistances after that. I won’t sweat until it gets close to there."
Oh great! That could be years away!
Ain't Amerika great comrade?
"Soaring number of Americans are now 401(k) millionaires
A hot stock market lifted more retirement accounts to new heights in 2023, Fidelity says."
Folks with Fannie Mae and Freddie Mac in their retirement accounts seen picking up aluminum cans in ditches along major highways. News at 11.
"Well, since this is a permanent conservatorship that doesn't mean much."
I know! Wings was exhibiting some of that "wishful thinking" again.
"Don’t forget, FnF were not delisted, they removed themselves from the lit markets. They can relist any time they want. IMO they will relist before release."
Problem is everyone involved has either passed away of old age or forgotten because of age related dementia.
I think I own a few shares of these corporations. What day is it?
"Just as they had good legal ground for two decades "
Considering the joke the legal profession has evolved to in 2024, "good legal grounds" would be what . . . . .quicksand, at best?
"Judge Royce Lamberth will issue a court order shortly"
Shortly, you say?
"CEO Priscilla Almodovar | COO Peter Akwaboah"
My surname is Chunkymonkeybooboo. Reckon I can get a management job at FNMA?
"Update from Judge Royce Lamberth should be around the corner."
Define "around the corner".
"I have a lot of respect for Ackman.
A very bright guy who currently holds approximately 100 million shares and has a deep history with this trade."
I would imagine the majority of those shares belong to his clients but have always wondered how many shares, if any, he actually owns himself.
The good old U.S. of A. where one has to file a lawsuit to compel the government to follow the law!
Correct krab. FHFA has swollen from 300 to 1100+ employees since 2008, regulating two corporations that are better equipped to regulate themselves rather than a bureaucracy doing so. And in D.C., none of the 1100+ employes makes less than $100,000/year in salary and benefits. Most make a good bit more than that $100,000/year and we shareholders are forced to pay them, like it or not! All thanks to a corrupt, third world country known as the United States of America.
"Fhfa smiling they get paid by the gse’s to do nothing from home."
And if reported correctly, FHFA has 1,172 of them doing that. It costs the GSEs a small fortune year in and year out.
"JB is too busy making TikTok's now"
He and his entire family should be making license plates!
"I know you are here to pour cold water onto us for some reasons."
It's not cold water, it's a bucket full of reality. NOBODY who can make a difference is working to get the GSEs out of conservatorships.....NOBODY. Sugar coat it as you see fit but it's not going to make it happen. The government can keep it tied up in court forever. FHFA doesn't care, Treasury doesn't carer, Biden doesn't care, Congress doesn't care, Trump had 1 1/2 years to care but didn't care. Who's coming to our rescue? It sure as heck ain't gonna be Superman!
You aren't the first cheerleader to come down the pike. So far, 100% of them have had to go out behind the barn and end it. I suspect you are the next but Tight Coil might beat you there.
"We will all know when there's news there will be a price spike"
For real? LOL!
"Nice. It will be a home run in 2024."
Reflecting on how many times we have heard this. . . . .
ALL OF: 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023
"If Fannie Mae exits conservatorship, and pps will continue to rise , also dividend will resume just like the old days before 2002."
Thank you for your thoughts. I just printed the message and have filed it in my Fannie Mae cabinet under WISHFUL THINKING.
"Patswill has been right all along."
RIGHT on the unencumbered share price but WRONG on the release from conservatorship date. Inside sources say the release date has been set for 09/18/2050. What's in your wallet?
"I suspect Lamberth to make quick work of it."
Apparently you haven't a clue how long he's been dragging his feet. His wingtips need resoling!
"Feels like it's gonna be a good week for Mae and Mac
Fannie Mae and Freddie Mac, that is"
Why don't you give this constant horse shit a rest?
The GSEs primarily fund FHFA so in these lawsuits, we shareholders are paying to fight ourselves! And if FHFA loses the court cases and are made to pay then, essentially, we have to pay ourselves damages in the court cases!
Sexually we would have it made. We could screw our own selves.
" FHFA is completely covered through the funding provided by Fannie Mae and Freddie Mac"
Incentive to go from 600 employees in 2008 to what was that now 1,172?
"Did someone say Low country? Summerville SC low country? "
MURDAUGH LAND!
"gettng warransts at $0.001:
That $0.001 isn't even close!
S&P 500
The S&P 500 hit 5000 Friday while two of the giants in the financial world struggle to keep their heads above water even with some of the most successful earnings over the past 10 years! Ain't Amerika great?
After 3+ years of death, one has to scramble to prove there is a heartbeat, however obvious and trite it might be. Besides, a large segment of the population will fall for any excuse that can be concocted.
You misinterpreted the intent of the bill.
"Looks like next week will be great."
It will have to be next week because this week sure as hell was not great. Of course, it's been "next week" going on 16 years now!!
"I might be mistaken but I believe that someone posted that it was only either 200,000 shares or dollars in opt outs."
At current share price, you might view it as 6 of these, half dozen of the other
Which will be raised first . . . the Titanic or F&F? I don't think there are any plans to rescue any of the three.
I suspect they are waiting for me to die, since I've owned since 2004, and the day after, the GSEs will be released from their seemingly permanent conservatorships. Just my luck!
That bill is buried so deep, it will never see the surface!
"STRONG BUY - lots of talk about release from C-Ship
by knowledgeable folks on IHub...Load up before
the stampeders get it all"
LOL! IHub should be the LAST place you get your investing advice!!!!!!!!!!
"Any official announcement of any action with FnF will creat FOMO. The stock price will go into double digits ending any reason to RS the stock. This scenario will signal that release is imminent."
Simplest path for the corrupt government . . . . no action needs no announcement.
"Have some patience and enjoy the ride!"
Jimmy Hoffa took a ride!