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Tell us more about the path to exit conservatorship and the plans to release the GSE's.
We'll agree to disagree. Considering the amount swept from the GSE's and couple with that the amounts over the years secured in settlements by the FHFA "on behalf" of the GSE's, the $612MM is nothing more than window dressing worth nothing more than a few cents per share if and when paid.
NWS is alive n well. It's hysterical how that so often gets overlooked. The $612MM verdict (that has YET to be certified) is a joke.
Good one.
Let's try to hold $1 dollar first for longer than a cup of coffee...then talk about going "global".
2024 brings more of the same here. Anyone think we'll see certification of the unanimous jury verdict handed down in August by Easter?
I read it and have two thoughts:
I don't quite understand the reasoning or logic (doesn't mean it's wrong, just doesn't make sense to me)
IMHO I don't think he's delaying a jury certification to allow time for a resolution. How does withholding a certification in any way further the effort toward resolution?
All of this speculation about everything under the sun regarding the GSE's and no one talks about the 800 LB gorilla in the room. Why is there no speculation regarding the fact that a unanimous jury verdict handed down in August has yet to be certified? Hope there are some reasonable theories.
I look forward to a response to either of our posts.
Average monthly new home payment on January 20th, 2021: $1,787 (assuming you recognize the significance of that date)
Average monthly new home payment today: $3,322
-Wall Street Journal (and you know it killed them to print that)
You can dislike DJT all you like and cry about it until the cows come home, no worries. Facts simply speak for themselves, and yeah...the answers you claim are not available are actually very simple. They were all in place until the date listed in the first sentence.
A 'housing initiative" brought forth is analogous to sinking the cruise ship and then taking credit for those that got to the lifeboats. But I digress...
"Bear trap...MM's playing games...shaking the tree...the dog ate my homework...the sun got in my eyes..."
Goes up inexplicably and then comes down. Huh?
It did...didn't do the typical EOD exodus...watching with interest.
Let's see where it lands at close.
Exactly. I've been saying it about all of these jurists going back even to Sweeney. They know who signs their paychecks.
Interest that goes unpaid is worthless. As I've said countless times, who exactly is going to enforce this verdict? Clearly you're getting a glimpse of what to expect from these most recent inactions. Seriously, the unanimous verdict from August hasn't even been certified yet and you're talking about interest? Oy vey.
Royce: "I need more time to figure out how to make sure the defendant never pays one penny of this money..."
What? No way. someone here has been predicting that possibility for weeks now. You know, ever since the last extension. Or was it the one before that? It's so hard to keep up.
So they were insolvent on balance sheets from nefarious accounting practices. Translation: the books were cooked to make them appear insolvent to force the draws on them.
Thanks.
Correct. At the time of the "treasury draws" the GSE's were more than solvent. They put that money in the coffers under false pretenses and manipulating the books to create a backstop for what was coming.
Ex-Stench-Un
This conversation is not even worth consideration.
Actually, he's "hiding" and he's hiding the documents behind a "National Security" classification that was assigned to them, which is how BHO was able to keep these documents from ever seeing the light of day. National security.
hitching their wagon to THIS star?
Now that we're on the same page, I can say that there are more reasons than I can list to earmark this type of program to college graduates.
Are you attempting to say "college graduates"?
Do you mean what is "supposed" to happen or what actually "will" happen on the 21st? Big difference.
Understood, but don't think for one minute that part of the plan to "save" housing is going to be a big money giveaway to the core voting block.
The agencies, the Directors, the Media, and even Congress all still harken back to the systemic risk to taxpayers. Biggest financial scam going, until recently.
You have to be able to check off the correct boxes to be entitled. Good luck.
Create the housing crisis, then find a way to throw money at the issue and claim it as some kind of victory. The problem still exists, yet a favorable portion of the voting base will get some more handouts and all is well. How far we have fallen.
This economy is a house of cards largely built on government spending. when that amount of moey is infused into markets, there is no option for them not to grow. But the economy for the American people remains disastrous.
I never predicted a JNOV, I merely said it cannot be ruled out, and I continue to think it can't. If you have other opinions as to the fate of this company as it pertains to the most recent verdict (August), please advise. Until the judge takes even the somewhat logical step of certifying a UNANIMOUS jury verdict (which has still yet to occur), I merely suggested the JNOV as a possibility, not matter how remote it may or may not be. and that opinion is only based on the history in the courts for this stock and these companies, as well as the history of the person we're awaiting.
This is another of your opinion of what you deem to be an incorrect post. Pray tell, then explain the current PPS in this market for two companies with trillions of dollars of mortgages on their balance sheets and the continued presence of the OTC and not a legitimate exchange. What driver are there to make a noticable increase in PPS? Thanks.
Time will tell. Not only haven't they paid yet, the judge has yet to even confirm the August verdict.
Please sir/ma'am, provide the other instances where I've been wrong so often. To my recollection, I've only done one or two mea culpa's over the years (unlike yourself), so I'll be delighted to see my statements which "were ususally wrong" according to you.
I agree with your points, but let's not pretend this is a good economy for the average American. Most of the increases that have been placed on durable goods are here to stay, the cost of services here to stay, etc. The ONLY reason that the 10 year is coming down, energy is coming down is because the Fed was somewhat successful in creating demand destruction. Sadly, the media will paint some ridiculous picture of an economy that has deprived the average person of much over the last 3 years.
The Dow being at high levels does not mean the economy is doing well.
I wish I could respond to this without knowing the ultimate destination of same.
Amazing how many feel otherwise despite the track record.