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"The FHFA has a whole team of Blue Chip Lawyers"
And the plaintiffs in all the various suits end up with a cadre of 50¢ lawyers!
"Well if you’re a lawyer in Georgia with no experience with Federal cases you get a bump in pay and multiple vacations with your boss. Speaking of another Fannie!"
And if you're a 'ho, you can hire your boyfriend to a cushy job!
"I am asking my kids to become lawyers."
Don't do that! There may come a time when they can ALL be flushed at the same time on the way to the giant septic tank in the ground just above hell.
"they have miked this lawsuit for too long."
The old cow went dry and dropped dead years ago. We hold out hope that the same happens to the lawyers.
"Bigger picture, 1.75s then 2.20s."
And sugar plums dancing in your head!
"The large rodent didn't want to come out of his box and bit the guy-"
Sounds like the same rodent presently in the White House! You know, the one that bites when F&F are mentioned.
"Punxsutawney Phil did not see his shadow in front of thousands of spectators Friday morning at Gobbler's Knob in Punxsutawney, Pennsylvania"
Buxomy Bertha did not see her feet in front of thousands of taters in her garden Friday morning at Possum Hollow in Purvis, Georgia. There will be an additional delay of 6 weeks in Royce Lamberth's court.
Well, aren't you the little investing guru! LOL!
"Wise Man, I think it’s more like “Don’t Listen” to the SECRET PLAN"
You, too, would know the Secret Plan if you would learn to use that secret decoder ring you got some time back in your Cracker Jacks box.
"Her words mean nothing. Only President Trump had the authority to stop Mnuchin. We all know he and Calabria were ordered by President Trump to capitalize and release them. Both scoundrels disobeyed."
Yes they did and neither wants me to sit in judgment of whether they continue to breathe the same air as the rest of us!
"Which commons ?
Republican commons prefer to wait much longer for trump to exit conservatorship.
Democrat commons can not wait any longer. We want an exit from conservatorship right away."
That may be true. Biden might be the last Democrat administration for decades since it's been such a miserable failure to protect the citizenry from practically everything it doesn't like or want.
"what about the capital requirements?"
Don't you remember? It was set at a bazillion dollars so it would never be achieved. Chances of an economic crisis would have time to come along again, causing F&F to flounder, and on the second attempt, the TBTFs would seize the books of business from them.
"But that requires leadership & action by FHFA & Treasury & Biden"
And that would be three NOs!
"what size of a boat load?"
Don't you just love it when you see a tug pushing a barge full of F&F stock certificates around the harbor in New York City!
That $23-47 projection was a long time ago when Fannie was a small child. Now Fannie is a big, grown ass woman capable of whipping some butt!
Financial Ex-Lax?
Who reads that stuff . . . her mother and three other people? She sure as heck can't drop the share price or raise it.
"Paulson became world-famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage-backed securities (MBS) by investing in credit default swaps. Sometimes referred to as the greatest trade in history, Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone."
Eerily sounds like the proven snake-in-the-grass Mnuchin!!!!!
DANGER, DANGER, DANGER
"Paulson worked with Goldman Sachs "
"Is John Paulson qualified to be Treasury Secretary ?"
What? You have to be qualified to work for the government?
"So did Lamberth rule or still not yet? I don't see any money in my brokerage acct for my FMCC COMMONS"
I'm shooting for 2028! LOL!
That's pretty much spot-on.
I'll cut Lamberth a break. I doubt he knows his ass from a hole in the ground when it comes to high finance yet as a judge, he sits there in judgment.
COLLATERAL is the dreaded word Uncle Sam can't get to come out of his mouth!
If it looks like a duck, walks like a duck, quacks like a duck . . then it's collateral my dumb uncle.
We will agree to disagree.
"No one knows exactly how much capital is required per the Capital Requirement"
Fannie operated for what, 75 years, without needing the capital requirement? From a historical perspective, it's not hard figuring out a reasonable requirement in 2024 but this stifling requirement is ridiculous!
"JP not HP. I’ll take 15$ vs 5c any day."
But why not another candidate and get, maybe, $200? There are politically connected people out there who will do the right thing but they are rare. Paulson with the Moelis BS is not the one.
I wondered when Chairman Mao was going to awaken?
FMCC Common
$31.2 M awarded/650.06 M shares outstanding = 4.8¢/share
DON'T BUY THE NEW YACHT YET!!!!!!!!!
From the agreement:
"To the extent any undistributed funds remain, and consistent with
the plan of allocation in Cook, Plaintiffs respectfully request that any such funds be distributed via
a cy pres award for the benefit of an affordable housing fund, consistent with the mission of Fannie
Mae and Freddie Mac, for such subsequent distribution as the Court may later direct. See infra at
17-19. "
Still trying to get shareholders money, which is NOT their money . . . . and this is the agreement of the plaintiff's attorneys!
"Many people’s average price per share is more than the current price."
I've got one for you. My initial purchase of Fannie was in 2004 and 1000 shares cost $57,000+! It was paying $2.32/share per year dividend and moms and pops everywhere owned it. I can't imagine how many got caught holding the bag when the bottom fell out but would think many, many people have died waiting for these lackeys to finish playing their financial games, outlasting the stock owners. A firing squad would be too lenient for these criminals.
"he will retire or pass away before we ever get any help from Lame breath"
Hey don't joke about that! He's already retired so my guess would be that he drops dead at the bench as he is signing . . . . .but fails to get it signed before kicking the bucket.
"Your Icahn number is correct, I think. Also remember Icahn selling his stake to Ackman or somewhere. Anyone remember this?"
As I recall from the time, Icahn recommended the thief Mnuchin to Trump for Treasury. Trump obliged and Mnuchin was to get the GSEs out of the conservatorships. Icahn, at that time, had some $50 Million invested in the GSEs. But . . . Mnuchin's allegiance was to Goldman-Sachs and they wanted the GSEs to go belly up so they could scavenge the remains. Mnuchin obfuscated, screwed over Icahn , and screwed over the shareholders by intentionally doing nothing of value. Icahn got pissed, saw the writing on the wall, and sold out. We poor peon investors couldn't afford to take the losses and had to ride it out.
That's sort of how it went . . . . and here we sit in 2023!
"So we're in conservatorship coz Hanky Panky's a lousy liars poker player?"
We're in conservatorship because Hanky Panky had a parasite attached to his butt cheeks, commonly known as Goldman-Sachs. We remain in conservatorship because a generally worthless Treasury Secretary with the ridiculous name of Mnuchin carried the same parasite. See a pattern developing and you will see the problem.
"You are assuming FnF will pay the compensation on behalf of FHFA"
Need to dig into some of that funding of FHFA by the GSEs! Can't get over Robert's recent report that FHFA now has 1,172 employees! If there are that many, why doesn't F&F get rid of their real employees and let FHFA run the corporations with all those people they have "regulating"? Look up bureaucracy in the dictionary and there, one will find a picture of the FHFA headquarters.
"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."
For the 1,000th time, the GSEs are not going to be listed on the NYSE or NASDAQ until they are released, not before!
"Same with Larry Kudlow, it’s criminal, it’s wrong, it’s a travesty! Then he gets into the administration and crickets!!!!"
Remember from years ago that one could raise one's voice and loudly stomp one's foot and make Kudlow shit in his pants. He was then, and is now just, another blowhard.
"Happy to be here. Love how active this board is. You and my Lehman Brothers gang over at LEHNQ are team 2008 never stop following the money! It'll pay off!"
All you will learn here is that we are perpetually stuck in the mud, with much wheel spinning, no forward advancement, and lots of mud being slung.
Mnuchin & Calabria?
No, no & HELL NO!
"don’t know where anyone got the idea that FnF would have to pay the damages. It will be the FHFA ie government ie taxpayers."
Do you don't know the source of FHFA's funding?