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Sorry....my bad
News from June.......PATHETIC!
Someone already said it's EPA vs WV. Nothing to do with Perry
Well said. B.Y - no need to trade in false pessimism or false optimism.
He stated no such thing that the shares were illiquid! I'm not disparaging opposing opinion, I'm simply pointing out that you're making statements that aren't based on the facts. Perry's own words outweigh your "what it implies to me".....period.
Perry has told clients that he probably won’t be ready to sell a few of his investments for a year or more. Chief among them are preferred shares in Fannie Mae and Freddie Mac.
Your personal opinion and speculation doesn't mean that you are correct. "This implies to me"means nothing. "Remaining" would be anything left that you're not selling.
Closing a fund, but keeping only FnF shares precisely because of his belief that he will win in court is not a negative. Let's stick to the facts and skip the "this implies to me" nonsense.
Learn how to read please.
While he’ll be returning much of their money next month, Perry has told clients that he probably won’t be ready to sell a few of his investments for a year or more. Chief among them are preferred shares in Fannie Mae and Freddie Mac. Perry and other shareholders sued the government in 2013, saying it improperly diverted more than $130 billion in profit from the mortgage companies to the U.S. Treasury. That suit was dismissed in 2014. Perry appealed and is awaiting the judge’s ruling.
Wrong! From Bloomberg:
While he’ll be returning much of their money next month, Perry has told clients that he probably won’t be ready to sell a few of his investments for a year or more. Chief among them are preferred shares in Fannie Mae and Freddie Mac. Perry and other shareholders sued the government in 2013, saying it improperly diverted more than $130 billion in profit from the mortgage companies to the U.S. Treasury. That suit was dismissed in 2014. Perry appealed and is awaiting the judge’s ruling.
HERA requires that FHFA not follow direction from any other agency. The judges in the other cases have refused to look at the record. You're wrong about discovery. It has taken considerable time, but these docs may show that the admin/treasury directly told FHFA what to do, had premeditation and also used fraudulent accounting as a way to push this through. This is far more beneficial than just a takings claim. If this is in fact the case, Perry, Fairholme and several other cases will win.
Something in Sweeney's order must be especially damaging to the gov.
Hope so. Some devastating info. against the gov to reverse NWS and hopefully get warrants overturned as well!
Absolutely expect the pps to jump. This should be exceptionally damaging to gov.
Protective order remains in place. Does anyone know the likelihood of the protective order being removed so that documents become available to public and media. We need the media exposure.
Need to see if gov can appeal prior to release
Means key documents under pres. and exec. privilege will be released!!!
Why is this "huge"? No mention of anything to do with GSE's
Probably total crap regarding today, but what do make of the FNMAS volume? I don't think it has anything to do with Warren comments. There was nothing specific that would lead to 10x normal volume.
Agree, but this was very high FNMAS volume. Reminded me of the heavy selling day before negative Hindes news. Hoping positive sign, but probably another day of no news ahead.
Absolutely agree. I just thought the spike in volume was interesting.
DC Bob's creative way to exit with few extra $ probably
Perry Opinion has been completed, and will be released BEFORE 11am tomorrow. It probably will go out this evening.
This comment at 2:43 today
DC Bob
said:
September 13, 2016 at 10:44 am
Met with an outgoing clerk from the US Court of Appeals for the District of Columbia Circuit-
Judge Ginsburg has been in the process of writing the opinion, and should be completed within the next 7-10 days. Wouldnt say what the outcome was, but with Ginsburg writing it, it seems highly favorable to the Plaintiffs.
Only reason I wonder is FNMAS volume at 4M shares.
Could easily be total BS. Volume is up substantially.
Tim Howard blog
DC Bob
said:
September 15, 2016 at 2:43 pm
Perry Opinion has been completed, and will be released BEFORE 11am tomorrow. It probably will go out this evening.
DC Bob
said:
September 15, 2016 at 2:43 pm
Perry Opinion has been completed, and will be released BEFORE 11am tomorrow. It probably will go out this evening.
Ginsburg rumored to be in process of writing decision. Expected to be released in 7 - 10 days.
Agree that it may not be the next decision, but would certainly expect their decision anywhere between now and April. So no opinion on % chance of affirm, remand or reverse?
I think you provide some of the best analysis on this board. What's your opinion regarding Perry appeal if you had to put a % on affirm, remand or reverse?
Also, what do you think about this strategy? I hold a large position in common with a small position in FNMAS basically as a potential hedge on the common. If remand or reverse, which seems like a high probability, I plan to sell the common on the pop and convert over to 100% FNMAS. I see an initial higher increase in pps on the common vs FNMAS.
Thanks
I don't believe that you're correct. Pag vs Fannie was a VA suit not DE. There was also no mention of Piszel.