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Mnuchin is trying to buy a few things lately. Funny, I don’t see him offering to buy fannie mae or investing in it. Why could that be?
Question to Wise Man and I’ve asked before. If a separate account plan is what you say, when will the conservatorship end? What will it take, and what will common shares be worth. I am not attacking you, I’m asking. It seems everyone else believes this will happen through legal action or an action by congress or treasury. I know their answer, but I still don’t have yours.
Does anyone have any clue why this is going up. Is it early buying before elections?
You know, when companies treat their stockholders with no respect, the stockholders dump the stock. I don’t understand why everyone on this board still owns this. Nothing is going to change. Even with a release, which will not happen, everyone will be massively, massively diluted. The GSE management doesn’t care about you. You’re all acting like people in abusive relationships. “He really loves me”,however, he’s beating you and cheating. Enjoying your relationship?
My guess is that Paulson needed someone to buy all the crappy private label mbs from the big banks, of course just a guess. I still want to know what happened in the room that night. You can’t just walk in and steal a company. So either the GSE’s were really in trouble or Paulson made deals, maybe threats, with the board of directors at the GSE’s. I’d love to hear the boards comments on this.
My guess is that Paulson needed someone to buy all the crappy private label mbs from the big banks, of course just a guess. I still want to know what happened in the room that night. You can’t just walk in and steal a company. So either the GSE’s were really in trouble or Paulson made deals, maybe threats, with the board of directors at the GSE’s. I’d love to hear the boards comments on this.
Question: who was in the boardroom in 2008 when this whole thing was stolen. We’ve heard Paulson’s side of the story, but what about the existing board. Do you actually think they would just give up their company and all of there stock value. There had to be a deal(payoff) to sign this thing over to the fhfa without a fight. Has anyone ever heard any comments from old board members?
Robert, you mean:
“We have reached a Verdict."
"YES, the FHFA acted arbitrarily or unreasonably in entering into the Net Worth Sweep."
And here’s the tiny portion of the net worth sweep that we will award you, that’s it. Now we’re square.
Well next week will definitely show what direction this plans to head. Tomorrow, we may still see upward momentum, but my opinion is 50/50, unless news starts picking up, and more than Maria at 6:20am.
and obama and trump? He has a soap box to stand on and he's not using it. Why not? There' alot of money in this stock , diluted and/or especially not diluted.
It's funny that Ackman has been pretty silent about this whole conservatorship. you would think someone who has been an activist investor would be more aggressive with statements. He has had big clashes in the past. What do you all think the reasoning is behind this? With the range of possibilities this stock could have, I would think he'd be more vocal.
Have our lawyers commented on the win yet? I'd like to know where they think this is going and what this win changes or doesn't.
i'm no lawyer, but I interpret it as if any part is illegal then the treasury has the right to cancel the whole thing. it just doesn;t cancal on its own, you need treasury.
Take your profit boys, unless you can explain a solid long reason why this will go even higher after this week. Trust me, just like alot of you, i have lost in this more than won in last 15 years. If you have a solid reason please tell me, i have not seen one yet and it might be out there. Volume, however, is increasing but is it high enough?
Bradford, i’m not being foolish, I give everyone a chance to explain there point of view even if I totally disagree. I don’t really say how I feel either way and I won’t now. He may be way off or right on. However, I still don’t know if this thing was stolen in the first place and used as a dumping facility for failed mortgages back in 08. I also don’t know if any existing stockholders will ever see more than $.10.
Bradford, i’m not being foolish, I give everyone a chance to explain there point of view even if I totally disagree. I don’t really say how I feel either way and I won’t now. He may be way off or right on. However, I still don’t know if this thing was stolen in the first place and used as a dumping facility for failed mortgages back in 08. I also don’t know if any existing stockholders will ever see more than $.10.
Wise Man, you may be right on with your comments that the money is in treasury escrow. The problem is, is it really there. On accounting paper it’s there, but the money is really been allocated elsewhere. So, to not have to actually return these funds to the gse’s or there stockholders, just keep it in unlimited conservatorship, right? I mean, they should be paid up returned escrow and released, correct?
I dont think it would be during biden term. Maybe next president.
Wise man, when is your prediction on a release date?
So when is your prediction on release from conservatorship?
This price is just going down. The government is not giving up the gse’s during a crisis because they will need to push bad mortgages from failing banks to the gse’s again. Put the bad debt on them again.
The ironic thing is comments are disabled on the Washington Post article. No conviction in article to take on comments. The hedge fund will reap the benefits story still exist. It’s not the banks, regulators, past presidents, or congress’ fault. It’s the GSE’s. They did it. It’s their fault. Bull….. Janice.
Wise Man, my question still remains to you. And that is when does all this happen. An actual rough time. Like Last qrtr, 2022, last qrtr, 2023? I’m not attacking, but, this has been going on for 14 years. So, if have such a grasp on the plan, then you would know roughly when everything would unwind. A rough date?
Fine, not a loan, but then, not a conservatorship either. Since when is protecting the value of a company done by freely giving all of their profits to the loan provider without it paying down the principal. “Here’s all of our free cash just for you just because we want too”. Transfer of wealth is the opposite of conservatorship.
There is no stock volume. I’ll say they get 1.6. What they asked for. The jury is probably new to this whole thing. They wont do more. That doesn’t remove anything or help the GSE’s too much. Might help with other lawsuits….. who knows.
I’m saying the jury decides no cash and rights the sweep by saying paid off!
No sps, 0 LP and as a penalty, no warrants. Company released back to stockholders.
I’m saying the jury decides no cash and rights the sweep by saying paid off!
No sps, 0 LP and as a penalty, no warrants. Company released back to stockholders.
Let them keep the 1.6 billion, instead give us an sps paid, a liquid preference of 0 and no warrants. The government can already say they did awesome on this $300+ billion on a $190 billion loan.
According to your calculations, where are we now and when do the gse’s get there numbers wise?
The question is, are points like this brought up in the courts by our lawyers?
Question, i’ve seen comments from judges in the past that this should be a takings case. Is anyone arguing that the 3rd amendment is an illegal takings, not that it is an amendment that was agreed upon by a illegitimate fhfa director and should be stricken….Or the whole conservatorship itself was an illegal takings? Comments?
Question, i’ve seen comments from judges in the past that this should be a takings case. Is anyone arguing that the 3rd amendment is an illegal takings, not that it is an amendment that was agreed upon by a illegitimate fhfa director and should be stricken….Or the whole conservatorship itself was an illegal takings? Comments?
According to fnma 10-q, page 130,
“ As a result of our capital shortfall, our maximum payout ratio under the enterprise regulatory capital framework as of June 30, 2022 was 0%. While it is not applicable until we are required to comply with the capital requirements under the enterprise regulatory capital framework, our maximum payout ratio represents the percentage of eligible retained income that we are permitted to pay out in the form of distributions or discretionary bonus payments under the enterprise regulatory capital framework. The maximum payout ratio for a given quarter is the lowest of the payout ratios determined by our capital conservation buffer and our leverage buffer.”
My question , when are they required to comply with the capital requirements? And would that totally change their available tier1 capital numbers. Because they currently exclude Sps shares 120 billion, dta 12.4b and preffered stock 19.1 b?
According to fnma 10-q, page 130,
“ As a result of our capital shortfall, our maximum payout ratio under the enterprise regulatory capital framework as of June 30, 2022 was 0%. While it is not applicable until we are required to comply with the capital requirements under the enterprise regulatory capital framework, our maximum payout ratio represents the percentage of eligible retained income that we are permitted to pay out in the form of distributions or discretionary bonus payments under the enterprise regulatory capital framework. The maximum payout ratio for a given quarter is the lowest of the payout ratios determined by our capital conservation buffer and our leverage buffer.”
My question , when are they required to comply with the capital requirements? And would that totally change their available tier1 capital numbers. Because they currently exclude Sps shares 120 billion, dta 12.4b and preffered stock 19.1 b?
Thank you skeptic, but my question is for wise man. Wise man, Please answer to clarify the point your making.
Ok, fine, there is a secret plan. But who, why and when will this plan reverse itself and return ownership and capital to the gse’s. I don’t see why either political party wants to do it or will do it.
https://www.fanniemae.com/about-us/who-we-are/history
also notice the 2008 tab saying fannie and freddie lost billions, not hundreds of billions and that the federal government placed fannie and freddie into conservatorship under fhfa, doesn’t say it was the boards choice.
Pardon me for not knowing anything about conversion laws, but is the only options convert to common or write-off. There’s no option of conversion to jps or a split conversion of common and jps? Considering that they are senior shares, shouldnt they affect jps and the warrants affect common? Just asking a probably stupid question but then I’ll learn something new.
That letter looks fake to me!
That’s because they dont want the gse’s releasable under a democratic leadership. Also they may also want the companies to borrow 70 billion each so their constitiuents can own it.