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What bothers me is "we all agree on illegal takeover" we all know they have billions of cap before cship. Having 80% of property taken without compensation is taking. Tru, tho they paid for it for .000001 per share while stock was trading at 5. Do you think it's right when we are talking regarding property rights. My point is i'm a small potato probably the smallest here when I bot my 2k share 12 years ago my was pregnant and I see value on this stock back when it was crashing down to 4+ I read their financials and thinking they are safer thank all banks so I'm invested in. Then come cship I couldn't sell for a lost bec I'm a newbie investor so I stick with my guns and wait for the result my co will be free prior to cship as a whole not a portion. But thanks for all your work as well glen I read all your blog. Keep it up information is information. Happy new year.
wrong! he works for the one who started all of this mess back from 2007. hedgefunds came in when nws was enabled. who could that be? hmmmmmm remember he part of HERA
as long as calabria is sitting on the throne and no one will back him off. he will not release the cos.
Glen, you invested on pref bigly. What happen to your investment if they are going to exercise warrants while cap rule is in place? No receivership will happen bec. You are pushing for consent decree meaning out of cship while building cap. How many years will that take place for you to get your par and divies? In the scotus Thomson only want recovery of over payment and seniors to be paid. Over payment is not enuf to cover the massive cap rule so your settlement does not help pref as well. Can you give me a reason for me to buy pref instead of commons. Thank you
Bec. He is part of the swamp from the start. He created HERA with the word MAy. By stating people were doing fraud on live TV is way for him to be at the helm of fhfa to even if repubs wins he is the one calling the shot for fnf. He just now have is back on the wall by scotus that's why he did stop the sweep for not to be ovious, now time for rediculus bank like cap rule which is by the way pref agreed and don't understand in any investment standpoint. Tim Howard even said they are not bank they don't get deposit so why the cap rule so redunculous. Now putting consent decree well the way I see it it's a leash until the next administration can put a fast one on every investor again. Gl
Scotus will decide on to wether seniors deemed repaid. If repaid plus return of overpayment. The only hurdle is calabrias cap rule. To Think Every Pref HERE CALABRIA Is Fnf Friend and rooting for the guy.
that kit probably a 10 y/o when fnf were taken over. now they get to invest without waiting for 12 years. lucky kids. now I realized wasted 12 years here and still down while these youtubers and tiktokers will buy at the bottom.
the pref always blame nooch but the real problem in my opinion is calamari. pspa will get burn by scotus but the roadblock that calamari put into the cos. was so great and that suposed to be capital in most companies will be multiple to stock price while here is dilutive to commons. I dont like him from the start 1st. he is one of the author of HERA that put "may" to confuse all people so the fraudster will have a way to take all profits "NWS". when NWS was being question in courts (sweeneys) went to have interview saying fhfa did wrong and must be jailed, score for shareholders (not) so he can be vote to be next fox in the hen house to make sure fnf will not go out until the shareholders are heavily diluted, imposing super high capital rule. then consent decree, meaning a leash, fnf are out of jail but with leash and can be put back if they wanted to. so the value of fnf is still overvalued just my two cents of opinion.
Pref will not get anything only valuation just like commons. 124billion will go to capital requirements. After exit from cship and co. Already reach the cap rule and still making money board of directors will assume their jobs and issue the div.
That's only fannie's outstanding you forgot to add freddie's. True those money return will be on the balance sheets as cash on hand
Yeap Thompson why did not ask for a takings claims in the supreme court. Even the judge saying your claim are so weak even you win you are still a looser.
Listened to it also. Gov't def was it's in the contract and plaintiffs are not questioning the right question. Summary. They made the contract bet tsy and fhfa in which they were in the same side against shareholders. On the other hand plaintiffs having a weak questions is also in my opinion is against the shareholders. The only pro shareholder here are the judges. Imagine just barette ask plaintiff, my paraphrase, do you want money since shareholder were rappeeee. Plaintiff council nope just paid in full. Lol as if no harm in shareholders. Should be shareholders vs plaintiff council and gov't council, fhfa and tsy. Great thing scouts are all smart and understand the bs
re: stocktwits active now. guido, u r welcome
Stocktwits is working again for fnma board
Ackman ave. For fannie is 2.29 and Fred is 2.14.
Oh wow! Expedite to exit c-ship. That is the longest expedite when it come to cship. 12 years and counting. Lol
Are we in the verge of K O D A K moment!!!
lol, its should be LOOONGER y i'm puting 4% cap rule to ad another decade on conservatorship. this thing will tank big time.
Oh wow! Fmcc now has 43% institutional ownership. Sold my fmcc couple of months I'm buying today. Thanks
Who is paying for 730 fhfa staff? And how much? What are the jobs? All I know is fnf have their own employees for their day to day. So they only need calibra for very difficult decisions like cap rule... just confused indvl here. Thanks
Lol, on those 3 key goal for 2021 to 2024 the top priority is not even mention.
maxine got you eating on her palm. all i see is she is requesting more delay from exit of cship. lol. see you at 50 cents
CP= capital proposal
CR= capital relief or rule
ER= emergency relief? Earnings report?
FP= final proposal
IGN= I got nothing... LOL
Which is possible in your opinion if conservatorship is deemed illegal.
1. Recap release
2. Recap release and return overpayment
3. Recap release, return overpayment plus interest
4. Recap release, return overpayment plus interest and 12 years of damages.
5. Warrants will get executed but exit conservatorship
7. Prefered will get concerted but exit conservatorship
8. Prefered will get converted and warrants executed and exit.
9. Others, what is your take. Thanks
dont forget the burning hot superman? batman? oh! Ackman. https://money.cnn.com/quote/shareholders/shareholders.html?symb=FNMA&subView=institutional
Reply to your tweet,navy. What happen and where we are at. 2009 financial crisis they took over fnf make a random number for a future loses and paid 10% div that never happen. Put them in conservatorship take all their earnings every quater. 12 years later if Fnf wants to get out of the leash need to meet and imaginary number that is too huge that they shouldnt have, took 12 years to decide on to. What's next? What imaginary number is next. You all shareholders including prefs will not get out of this. They can make things up as time passes by, they make the rules you dont.
Seems airlines got awesome deal. 70% grants or free money 30% loan from tsy and only 3% of stock warrants.
My bad 7 bIllion for citi, 9 billion for bank of america and 13 billion for jp morgan. Straight to tsy but loses to the books of fnf. Wait whaaaaaa
Citi 13 billion to tsy via fannie mae https://money.cnn.com/2014/07/14/news/companies/citi-settlement/index.html
Fannie and freddie earns more than $11 price per share for the year 2019 multiply by PE of 14 for current ave. PE. = 154 pps. Devide it by 5 for warrants praying JPS holders is still 30.8 and we are still at 3 bucks lol.
I guess it's 30% ownership. Capital research & management owns 110m shares 9.56%, amErican fund growth fund owns 106 million shares and another 100+ million shares from ackmans Pershing square. Search them cnn money, morning star. Ackman is not listed that's why only 20%
Compute 10% int only for 4 yrs. B4 nws, accounting changes after nws. That's why last year some people said 10% moment. Gl
No! Not him. He is one of the moelis guys. Wants to give up 80% of the co. I don't trust him. Remember the fnma to be like utility type business while shouting gov't fraud. To him fraud is rewarding the one who damages the co.
Does this include damages. I think that number is overpayment plus interest.
"There is NO LIMIT to the amount of damages b4 or after NWS. Oh me likey
OMG, is that what patswil talking talking about! D TREBLE damages. Hmmmm his 160 pps was a dream but if P's win Patswil will be genius afterall
I short exercising warrants or warrants overhang will scare away new investors. Every co. In the world need investors. Startup co. Need seed money hence investor. Gl
that can ahppen IF they cancel warrants and considered SPS paid. surely investors will line up, the uncertainty are too much so 200 billiion is capital is unatainable. my 2 cents
No, is one smart cat. He is one of many who crafted HERA that created all this mess in the first place. The video that was posted when he said fnf had paid back and then saying former fhfa due broke the law was all smoke in order for him to get approval from sh. In this case don't look close bec you won't see the big picture. When you go far and look 128b original bailout then became 187 by acct magic, send 300 b ooh don't 4get 200 b ban settlement in which everybody 4gets. Making them owner of 79.9%. Kicker not a single cents amortized. Lol
he just did not do hes dd well. $40 to vtggf in which vtdgf owns 13% or more than 600 k shares of vtggf.