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Any insider information would/should have been
acted on when F & F were trading in the .50-.70
range. Quick increases of share price is the FOMO.
These two will not make any lasting gains until they
have been released from Conservatorship. Once these
are released, share prices will be in the double digits,
and volume will increase dramatically. Joe B doesn't
care and neither does his opponent. They have more
pressing problems. I hope to see them released in my
lifetime, but it has gone on too long.
and...
Drop off the key Lee, set the GSEs free!
Does anyone have an idea of why Fannie Mae would leave their headquarters early? To exit the lease is going to cost them.
https://finance.yahoo.com/news/cmbs-loan-behind-fannie-mae-011741109.html
My wife and I were at Quarterdeck Restaurant on the Dania Beach Pier a few years ago. Food was good, and the view was excellent!
I logged into Schwab on the laptop in June, after the Ameritrade switch over. I just now deleted the app for Ameritrade and downloaded/logged into the Charles Schwab app for Android. I'm in now and will check to see if account holdings are there.
Re-check the math.
I think it is 339,390
In the letter from Hindes and as posted by Navy, 3rd paragraph...
"And it's clear she has been interacting with the bankers (Morgan Stanley and JP Morgan) as referenced by a comment that she made that an IPO in conjunction with their release would be the "largest in history". "
I just listened to the interview between Dennis Shea and Sandra Thompson on March 31, 2022, and she did use the term IPO (at about 30 1/2 minute mark).
Since she used the word "IPO", wouldn't this mean by definition that any/all previous common shares would not exist? A "Dilutive Secondary Offering" would create more shares and raise more money, but an "IPO" can only be done once. To me, this would infer that there may be a plan that would wipe out commons.
(I see Clark already picked up on this)
Comments please.
Thanks.
When Along4zride takes a vacation, his "cousin Arnold" takes over. He has a positive outlook for this stock. It's "probably best" to listen to cousin Arnold and increase holdings. With all the money that the "twins" make in profit, I believe (hope) that the shareholders will prevail eventually. I can wait a little longer.
At this point, I wouldn't care who takes the credit for releasing them, as long as they are released!
When Mnuchin was Treasury Secretary, this stock went over $6 for a short period. He gave some hope of Fannie and Freddie being released. This did not happen. I have to believe that if there was any hint of resolution, there would be "insiders" that would be buying in anticipation of a favorable outcome. With the share price and volume that we have now, I don't think that the market believes that these are going anywhere.
I really hope that I am wrong, as my small position in these two could give my wife and I an easier retirement.
GLTA
For the jury selection, isn't there only a finite number of potential jurors that can be rejected by either side?
That's a good point.
Ok, I will bite. What is the news about this stock?
That is depressing. I will be retired by end of year. I was hoping F and F would be resolved by then. It would be nice to have some "mad money" at the start of retirement. We will see. GLTA
First I thought of "Mini Me" in "Goldmember", but then I realized you were talking about a 3 legged horse. My mistake. Funny
I was thinking the same thing.
Sounded very good at the beginning, then
some "walked back" their comments.
A little like a pump and dump.
JMO
Today is my birthday. 66 today. Today is a good day. GLTA.
Buffet will not buy unless he knows that something positive is on the horizon. If he jumps in, others will follow.
As far as the "no second date", next time offer to pay for the Costco meal instead of "Dutch Treat".
How about "La Brea"? Stuck in a Tar Pit like the dinosaurs.
Thanks. That was my understanding.
New fee question.
Isn't this fee a one time charge for refinance? This is a cost that would be paid, and not added to the amount of the loan/refinance, similar to the "points" that you (the borrower) would pay at the "closing"?
The hip boots are not enough. Need chest waders
Thanks. It boggles my mind that these companies could have been stripped of their finances in this manner. It goes against the way we were taught in school. Guess it is naive of me to think that the people that have the power to do the right thing probably will not.
I've had a small position in fnma since 2008, and getting close to retirement. GLTA.
I don't remember the number, but was it around 40/45 billion that Fannie Mae had when they went into conservatorship? What did Freddie have at that time? Thanks
Agree. How can Govt fix Fannie/Freddie when they can't fix their own financial mess.
Treasury will pick and choose what they release. They will not release any documents that will weaken their position/case. It would be great if all documents were released, to be reviewed and digested by people that are knowledgeable in these matters, but I do not think that will happen. I hope that I am wrong.
Thank you,
"At this point, they already have a capital of $45 billion."
I thought that before this, they were allowed 3 billion each, and now they would be allowed to retain 25 billion and 20 billion respectively. They did not make 39 billion in this last quarter, so where did the money come from? I thought that they would have the 3 billion each, and allowed to keep the last quarter's profit, up to the 45 billion (so far). Yes/No ?
The En Banc opinion did use the word "plausibly". See the top of page 4 in the opinion.
Thank you,
I have read that the Fifth Circuit Court of Appeals has 17 "authorized judicial posts" with one vacancy. Do you know if all 16 judges are required to hear all testimony submitted for a specific case, or if any are judges are absent do they read transcripts, etc.?
Thanks,
The statement makes sense. The unlimited capital is the ability to draw from Treasury, like a credit line.
There's no reason to become alarmed, and we hope you'll enjoy the rest of your flight. By the way, is there anyone on board who knows how to fly a plane?
A reverse split is not necessary. If the NWS is stopped, if this is relisted, price will take off. A reverse split is a very negative thing, and it would signal a desperate move.
You forgot to say "probably best to lighten position"
Only here for a few years but have owned fnma for 10 years.
Thank you Rick for your new "weekly feature". What about Along4zride and his "cousin" Arnold?
I like this one. Clever!
It's like the WH wants a "dampening" of any good news.
In Mel Watt's testimony this week on Oct 3rd...
`
"As I mentioned at the outset, FHFA has explicit statutory obligations to ensure that each Enterprise “operates in a safe and sound manner” and fosters “liquid, efficient, competitive, and resilient national housing finance markets.” To ensure that we meet these obligations, we cannot risk the loss of investor confidence. It would, therefore, be a serious misconception for members of this Committee, or for anyone else, to consider any actions FHFA may take as conservator to avoid additional draws of taxpayer support either as interference with the prerogatives of Congress, as an effort to influence the outcome of housing finance reform, or as a step toward recap and release. FHFA’s actions would be taken solely to avoid a draw during conservatorship."
`
My 2 cents takes this to mean that he is going to do something, but do not read more into his actions. He is not going to let these ships sink.
`
https://financialservices.house.gov/uploadedfiles/hhrg-115-ba00-wstate-mwatt-20171003.pdf
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