Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
stop with this foolish rumor. serves no purpose.
lol
There's literally nothing on the horizon, near or long term.
Correct. Paulson did it ostensibly to help avoid a bigger crisis (even though it was forced upon the GSE's), but Geithner was the one who enabled the theft at the back and call of his boss. FHFA just needs to cut the nonsense and declare them financially sound and end the charade of conservatorship.
FHFA first, then Treasury.
Well said. I prefer just to keep it more simple. The NWS is alive n well and to be employed at the discretion of the conservator.
Thanks.
they upheld the validity of the NWS and said it was not illegal and could be enacted at the discretion of the conservator. You are correct, they did not say that the NWS or the c-ship was here in perpetuity, and my meaning was that by upholding the validity of the NWS, it will be used in a manner to reduce capital retention as needed, so they've simply assured that c-ship isn't going away.
My opinion, so you can talk about all of the acronyms and nuances you like, but easier to just look at the blue print they've laid out and realize the possibility. You know a lot of companies with trillions on the books, most profitable earnings per employee, billions every quarter in profits, that trade on the OTC and whose PPS goes down after better than expected earnings...every time? Me neither.
They'll never get to that threshold. Because of the scotus ruling the NWS is here in perpetuity, and when the threshold gets close (I believe slightly different figures for Faniie and Freddie) they will create a scenario for a net sweep and thereby reduce the amount of retained capital.
You'd think so, wouldn't you...
Response to a previous about the 9 supremes who railroaded the gse's. I said with him it's 10.
Make it 10.
Royce is not who you think he is.
We'll continue to politely agree to disagree on Lamberth and his motives at any time during his tenure in these trials. Regarding SCOTUS, I recall vividly having correspondence regarding the amount of times it was pointed out that they said "nationalization" during the oral arguments. It was 23, if memory serves.
My only comments were that saying the companies had been nationalized and their profits taken as a result is one thing, but ruling on it is quite another. SCOTUS proved what myself and many others have known for a very long time...this is not a fair fight.
IMHO...His first ruling was tantamount to a government bailout. This current verdict is meaningless in his hands. Company man.
You base your opinion one on casse18 years ago, I'll base mine on his ongoing 10th year of litigation here. His actions over these 10 years speak volumes more than words. To each their own.
Lamberth will not rule in any way here that will benefit shareholders or harm the defendant. Company man.
Lamberth is a company man.
Over and out.
You are 100% correct. The defendant will not pay one red cent in damages. Ever.
Lamberth does NOT side with shareholders. That said, the unanimous jury verdict was handed down in August of 2023. Whatever time frames are mandated (if there are any mandates, I don't know), Lamberth knows the rules do not apply here.
#wrongdefendant
still overpriced.
JNOV. Hmmmmm.....where have I heard this before?
This is just further evidence there is no path in courts.
The reasons for this latest move south should be interesting. Likely be the same, but interesting nonetheless. There is no path in courts.
And?
I answered this but I guess you can surmise the result.
Gold is THE inflation hedge. I never commented on its historical performance as the correlation has changed over the decades. Today, gold is the hedge. You can convince yourself of whatever you like. If inflation were not rampant gold would not be at all time highs. EOM
Inflation is rampant. If it were not, as you all supporting this sad excuse of an administration claim, then gold would not be at record highs. Markets don't lie.
You say tomato, I say tomotto...
"History of the Federal Housing Finance Agency
The FHFA was established under the Federal Housing Finance Regulatory Reform Act, a sub-act of the Housing and Economic Recovery Act (HERA) signed into law on July 30, 2008. It was created to help strengthen the U.S. housing-finance system after the fallout from the subprime mortgage meltdown of 2007, which sparked a worldwide financial crisis and eventually the Great Recession.
The FHFA replaced two entities: the Office of Federal Housing Enterprise Oversight and the Federal Housing Finance Board, the original overseer of the FHLB system (it was created by the Federal Home Loan Bank Act of 1932). The FHFA took over the legal and regulatory authority of these agencies, which ceased existence one year after HERA was passed."
https://www.investopedia.com/terms/f/fhfa.asp
It never should have been where it was past few weeks. There was, nor is, literally any news or facts that supported the recent hike.
This drop is not tied in any way to the past few days of carnage on the big markets. This is all because there is no path in the courts for the GSE's.
Wait for the re-print. They've been cooking the books on jobs since day one.
But FNMA and FMCC did NOT get to retain the proceeds from the suits.
Post whatever response you like, but without the forced conservatorship the FHFA wouldn't even exist. But I digress, they've done SO much other good things in the housing market, they've made it unaffordable and out of reach for a large portion of the population. And not just in the here and now, but this situation will last for years. Great work FHFA!
Why a gag order? That will change nothing. All he's doing is reiterating what anyone following the GSE's already knows. There will be no release, the defendants will appeal everything, and this will be in court for FAR, FAR longer than 2 years.
Watch for lamberth sightings...
Could just as easily fall by that same margin. Do you think folks don't realize this?
I'm not sure that the knowledge of the average person regarding the function or even, as you suggest, the existence of FNMA (and FMCC for that matter) have anything to do with why it's a sub-$2.00 stock. The list is long why it has been where it has been, but IMHO the biggest reasons are:
Conservatorship not going away
NWS validated by highest court in the land
Too much precedence after 15 years of losses in courtrooms to expect relief from courts
Media blackout on what's actually happening and has happened
Congressional blackout on what's actually happening and has happened
and so on and so on.
I was being sarcastic, but I'll take facetious! lol
Still not sold on Royce. He is not a friend to anyone but the defendants.
Huh?
"This isn't true either. What you said was, in essence, that if FHFA wasn't FnF's conservator then it would cease to exist."
Wrong again. I've said before and I'll say again that the FHFA will never go away, even in the remotest of possibilities that the conservatorship is ended (which it won't be anytime soon) because government agencies as ballyhooed as this one is will just be given different powers and different tasks. Much like they do now, those potential powers and tasks will be meaningless in their effect on the housing market. This agency and what it claims to do are simply manufactured to create a sense of justification for it's existence.
They have one function, and we all know what it is.