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How do you know and where does it say that the shareholders would be wiped out in that law? Secondly would it be just the commons or the preferred shareholders as well? Can you please clarify these two questions and give reference? Thanks. :)
Why isn't FNMAS trading LOOL? It's not showing anything and markets are trading?
Again I ask, wasn't there an amendment saying that FHFA gets to decide what to disclose? Lol
Wasn't there an amendment though? Stating that the FHFA has power to decide what's subject to FOIA?
I'm referring to the amendment where the FHFA can pick and choose what to disclose with regards to FOIA LOL
What's the point of this bill if the amendments contradict the very bill? Lol
Ummm, that was from a year ago? I think it said April 2016?
"and to pause any further designations of nonbanks pending completion of the review."
.....
Interesting considering Fannie and Freddie have not been designated as SIFIS....or have they?
http://bankingjournal.aba.com/2017/04/trump-orders-reviews-of-dodd-frank-liquidation-authority-sifi-designation/
How can savings from healthcare fund tax reform lol?
What savings from healthcare exactly?
The subsidies were never actual money but were funded from Fannie and Freddie? Right?
So if that money isn't coming in what's the relationship between Tax Reform and Fannie?
How would Trump do tax reform on Wednesday without addressing the gses? Wouldn't they require a bailout if tax reform is done without addressing them? Or am I off?
Also regarding the warrants, assuming the government wants to exercise them, how long would the process take? It would take time to sell the shares I assume no?
Bailout to get them recapitalized and out of government hands. Maybe even over recapitalize them.
Then exercise the warrants at once or gradually to recoup the money used to get them out of cship...
Small window for investors to make money.
What's wrong with this thinking?
Forgive me for asking but what would be the purpose of that?
You have a company with investors....you drain the capital of that company...it goes into receivership..
You then create a whole new company with the same functions and recapitalize it...Why go through the trouble? What's the purpose? What would be the difference in that "deal of a lifetime" and this one?
Has Sweeney approved the motion for the documents being provided tomorrow? Or if not or if she doesn't then what happens? Will we get all 11K by april 17th?
Whats stopping them from Altering the documents?
Meaning they can alter all 11-12K documents they have privilege on, and basically turn them in, what can the plantiffs do in that case?
I don't get what the political strategy is here....
How does this help FNMA shareholders?
-He didn't mention the NWS
-What's stopping him from using NWS funds for his own purpose?
-If he still robs fannie and Freddie but still also cuts the subsidies, wouldn't he get blamed?....
-Why does he say that he doesn't have the legal authority to do so but st the same time he did the NWS?
I'm confused lol.
Maybe the documents will shed some light..
By the way, this story was on CNN this morning too. And Senator Chuck Shumer and Dems still aren't going along with it..
So it could be that he's giving Dems a chance....
If they do then great.
If they don't then documents would be released..and he takes the subsidies..away...
But again then,..what's the whole point of the NWS and still taking it?
Regarding the whole spike in share price yesterday....
Here are some important key points to note:
-It happend at 3pm about one hour before the markets were due to close.
-It most definitely was not natural as it was a sudden rapid spike.
Given the time, my question is what time were those fairholmes case orders released or what time did was it found that the government was granted an extension? Was this around the same time the prices of the shares started rapidly spiking? Could it be insider trading at work by people in the know and they are buying shares at the current price?
Again what happend yesterday isn't natural and the only thing i feel it could be is with relation to the documents. Time will tell.
Regarding the documents which are supposed to be released, firstly, should we expect all 11K to be fully released by the May 30th date? Should we expect 40-50% of these documents to be released by this coming Friday, the ones which have been reviewed?
A thought I keep coming back too is what if these 11K documents are completely altered and there is no evidence at all pointing the blame at the government? Can they do that without any consequences? Like just revise the documents? The only thing I'd be worried about would be that...
From what I understood from the order, it says that the government will review and submit any documents related to the case and not the complete 11K lol. Could be wrong though.
Why build a new headquarters when you know you won't be around in a year? Lol
60pps for commons or preferred? lol I'd take that.
Why the heck would the government kill off Fannie and Freddie when they could make a ton of more money by exercising the warrants and letting them free? Doesn't make any sense one bit lol.
What would be the objective of it all though, either way they decide to do it? Either through drainage of capital or just shutting them down, what's the reasoning and logic of it all?
Either way you decide to shut them down, you'd still be leaving the billions of dollars more you could make off of the warrants on the table, so why if you're the government, would you leave those warrants? Lol why leave so much more money on the table?
If you eventually let Fannie and Freddie die via drainage of capital, then you'd lose that revenue stream but also the warrants...
If you let them build their capital...then you still eventually lose their revenue once they're freed of conservatorship but you still have the warrants so you'd make tons of billions more...if you choose to exercise them...
When do we find out if the Treasury has accepted it or refused it? Or has the Treasury already accepted it?
The question I have is why would the government want to kill off Fannie and Freddie? What and how is it in their interests at all?
1.) Though I consider it theft, it's still a illegal revenue stream for government is it not? They're getting free income from sweeping their profits..
2.) Even bigger the warrants, the government/Treasury has warrants for 79.9% of common stock which if they decide to execute on, they'd make a huge killing and it would generate a HUGE amount of money for the treasury would it not?
Killing Fannie and Freddie would mean the government leaving a huge amount of money in the form of the warrants...what government in their right mind wouldn't want a free 100 billion dollars? lol doesn't make any sense to me?
Or am I missing something? I just think even though they're doing the NWS, can't think it's because of them wanting to kill Fannie and Freddie? Maybe I'm way off
What Money? LOL
How does it sound like that?
FYI Obama made the same declarations...
Wouldn't we know about it then? I don't believe that.
Why.....
Why on one hand would they allow the net worth sweep...
But on the other they're at odds with the constitutionality and structure of the FHFA? The entity which is in charge of Fannie and Freddie?
If Watt and the Adminstratjon are on the same page why have the Justice Department side against Watt in the Collins case and declare FHFA unconstitutional?
Do we know that these 11K documents will actually be released? From what I've heard there was 56 documents and an appeals court ruled that 48 of the 56 would be released? Were these part of the 11K?
It's somewhat confusing.
Also read somewhere that Judge Sweeney has seen some of these 56 documents and denied the privileges on them or denied government claims they were national security risk or something....calling it "Embarrasing" in her words...
Who knows,...Let's see what happens.
We can speculate on this all we want but he didn't sound like someone serious or genuine at all in the video.
More like someone who was just giving an answer just for the sake of giving an answer.
I had some hope that something would get done by some of Trumps Tweets, Him telling Tucker Carlson that something would come out in two weeks on March 15th?, lots of other things.
But I don't think anyone is serious about doing anything with these entities.
I've developed a habit of judging a persons attitude or the way they talk or body language where it's easy to tell whether one is serious or just bluffing.
Let's see what happens.
Do you think this could be one of the reasons behind the Treasury saying that the FHFA is unconstitutional in one of the court cases?
Let me get this straight,
Mel Watt is the FHFA director and conservator of FNMA, correct?
He's not answerable to anyone including the President of the US or Congress correct?
He is not under anyone's supervision correct?
If all is true, then why doesn't he just stop the theft, after all he does have the power no?
If he's not reporting to anyone or is not obligated to follow anyone's recommendation, why is he so hypocritical on one hand saying "Gses need to retain capital" and on the other stealing that same capital even though he's under no obligation to do so?
Who does he report too?
Does Trump have the power to dismiss him?
If Fannie and Freddie are replaced,
Two questions,
Firstly can they realistically be replaced?
Secondly, if not, then what do people mean when they say TBTF banks want to take it over or kill it? What's the whole story? Not that I haven't researched but rather just would like some thoughts and clarification from people here.
1.) It would be political suicide for any politician to let Fannie and Freddie go bust without someone taking their place. You know the politicians in Washington know that too.
2.) Either it's recap and release or replacement.
How would replacing Fannie and Freddie possibly work? Hypothetically speaking. :)
That's the same reuters article. A copy as there's a Reuters link there.
So far it's only been from Bloomberg and Reuters...
I don't sense bad news either for some reason. I don't know why. Maybe it's just low expectations and the fact that I have nothing to lose...
Remember Corker is on record as saying he was not in favor of a full repeal without any replacement...
Not in favor of a straight repeal. Just thought that was interesting.
Is it Watts decision? Or Trumps? Whos ultimate decision is it? Thats what should be asked firstly.
Secondly, Stay long! :)
You still have sweeney, and other court cases.
Still theres been no proof or other sources yet so take that into consideration. :)
Same....why the heck send it to Watt? Why not Trump himself or Mnuchin? This smells fake lol.
Which letter?
Can you please provide a link or source? Thanks.
Devin Nunes activities possibly related to Fannie and Freddie?
So he goes to the White House, There apparently are confidential documents, He hasn't said anything....
Any possible relation to Fannie and Freddie or Obamacare....
Or no chance? lol
SPSPA question?
Is it possible in the Collins or any other cases that if FHFA is declared unconstitutional, for the whole SPSPA to be voided? What would it take for this to happen?