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Obi,
Thanks, I will post when I come across some thing that supports what I mentioned.
"In the 17 Private-Label Securities (PLS) cases where FHFA is the plaintiff, all settlement monies went to the GSEs and none directly to the Treasury. "
Obi,
Thanks, There were fines and penalties imposed as part of settlements. And those went to UST directly.
"
"Gonna submit a question. Gonna ask when is the best time to fix a leaky roof."
We need to ask him, why is he continuing conservatorship when decision has been made to end conservatorship.
"The last 5 trading days have had short volume from 50% to 56% of trading."
Clear indication that some people are trying to keep the prices low even when good news keeps on coming.
"
"Btw. If I recall weren’t you the one saying they would be released before all 180b was there. Seems you were correct"
brooge,
Thanks. In a way yes. All along I have argued that only logical possibility is Release and Recap and there is no possible path to raise fresh capital before release. I also suggested that FnF BOD/CEO (shareholder elected) should decide on to recapitalize (Post Card plan).
Now the big unanswered question is about warrants. Hope FHFA and UST agree to allow FnF to buy back warrants at UST standard valuation.
After Q3 results, FnF increased their networth to $17B (10.3B+6.7B).
If one considers about $25B over paid dividends, current combined networth is about $42B.
If FnF make similar profits next quarter, then net worth will exceed the $45B capital target.
Very soon FHFA will be announcing capital rules. May be FHFA will announce release date very soon.
MC says in the interview that FHFA will announce decision on capital rules within next 2-3 weeks..
"Authority over critically undercapitalized regulated entities -Mandatory Receivership"
Currently GSE are undercapitaized because FHFA conservator stole all the capital of conservatees.
Besides receivership can be challenged under the provisions of HERA.
So It wont be as easy as during 2008 conservatorship for FHFA.
"Apparently the Federal Reserve Rubber Stamps the FHFAs budget. "
FHFA get its free money without any approval. FHFA just orders FnF to transfers all the money it wants. BTW it is not a joke.
"Totally irresponsible comment by that moron Foster.'
Follow the money and you will find all the people who are in the pocket of lobbyists.
It is shame that these politicians are playing these anti investor games.
[quote}
"If there was no need for a settlement to set up a consent decree, such a deal would be possible, although unduly heavy-handed, especially for legacy holders like Washington Federal."
Some investors may wait until FnF are released to get full redemption value and damages.