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I think we have enough people in the white house who know GSE shareholders got screwed to warrant optimism.
Shareholders @FannieMae @FreddieMac really were screwed. @gmorgenson @nytimesbusiness https://t.co/vdiqq4LyCm
— Larry Kudlow (@larry_kudlow) May 20, 2016
In any of the court cases will there be a jury trial ???
no kidding, good luck trying to buy a share
Icahn took a $50 million position in Fannie Mae and Feddie Mac in March by buying common stock from Bruce Berkowitz’s Fairholme Funds
CARL ICAHN does not care 2 shits about anything but making money
http://www.dailymail.co.uk/news/article-5455769/Carl-Icahn-sold-31-million-stock-steel-dependent-firm.html
read that article..... This guy bet big on FNMA and he is going to win on that bet
He has 6% of his entire fund invested
in your heart of hearts listen to Mnuchin when he says he wants to get FNMA "OUT OF GOVT CONTROL" you believe the exact opposite of what he has always said
I think we can all rest easy once congress fails on housing reform. " Administrative action" from a guy who made his fortune working with the GSE's. From a guy whos inner cabinet businees ally is practically running FNMA rigtht now....from a guy who first F##@ing sentence after being appointed sec treasury is that he wanted to get FNMA out of govt control. It was not lets kill off the GSE's and give their market share to the TBTF banks. He has a plan for them and both him and Donald Trump have been tight lipped until congress fails for a reason. Whoever shows their cards first loses and congress is forced to
sit back and relax folks, nothing is going to happen until mid summer. We need congress to fail and administrative action to be taken. All of these court cases are for the traders and pump/dump scum bags.
i guarantee ppl are beleiving it on here.
Anyone here believe that redacted BS "we will all be in federal prison if this gets out" email that were suppsoed to have been leaked?
oh yes...very very depressing right now. Def gets some $50 par preferreds to hedge your bet.
this will all be a dream with some positive news and shares will be instantly impossible to get anywhere near your hook.
my only fear is that they screw the shareholders just to screw the shareholders.....really no other reason to change the system
If you read HERA the GSE's were not allowed to lobby after 2008.
no kidding. another scenario that might happen is issuing new stock and them giving us the AIG conversion ratio of 55% per share. I would be ok with this as well.
Id say it is safe to say they will not change how our housing finance system works, that is way too big of an obstacle for a bunch of goons who cant even fund the govt longer than 2 weeks.
What else are we worried about??? Lame duck Mel Watt making the GSE's a utility company and cancelling out all commons? This is not what Mnuchin had in mind when he said get fannie out of govt control.
There is literally about 1 way this can go and that is recap and release with heavily diluted common shares that will leave us in the mid teens in PPS.
there will be another run once bipartisan reform fails. $5 by Friday (in june)
thats the easy part, they (munichi ans watt) have to let congress fail first. once that happens they can do the" safest " option which is status quo aka recap and release
what does he say?
could be their corp EOY
Fake new imo. Just like the Elizabeth Warren quote. People are down on commons and want a run..... Hopefully not
What is the time from for this Corker Housing Hail Mary to be voted down in the senate? Nothing will be done until that happens
:) lol awesome
dilly dilly!!
Coker even admits in his questions that he is unlikely to get the reform passed :)
Hahahaha. Right at the 4min mark is priceless bahahahahah
try and find it
she didnt say that....FAKE NEWS
HAHA please show me where she said that on her twitter or anywhere
$20 worst case scenario is pretty good IMO
What are we really scared of here? Somehow Bob freaking Corker being able to get 60 senators to vote to drastically change the way our housing system has functioned for the last 80 years. NOT only that but essentially reverting back to the system that caused the housing collapse to begin with. He can sugar coat this chit for the common idiot voter but to try and pass this kind of GARBAGE through Mnuchin is a joke. He knows very well what is at stake and FNMA is not going into freaking receivership. BROOKS his right hand man is running Fannie right now, Gary Cohn is a major shareholder and Trump adviser etc etc etc
I will give you my worst case scenario
Recap and release with a cap on distributions to be paid. Mandatory 100b capital buffer and full dilution of penny warrants. Our PPS is still $20 and everyone is happy besides Warren Buffett
treasury has 4.8b shares of Fannie and has 3.25b shares of Freddie
penny warrants 4.8b shares / 100b = $20.83 PPS
we will hear his proposal very soon (maybe this week).
why?