Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
just another Drupal site
https://fhfa.gov/modules/README.txt
most US gov sites are Drupal
Someone with a FreeLaw project Chrome extension must have viewed the docket on PACER.
FnF is the real source of accounting dollars versus economic / Eurodollar digit printing from the FED
What happened to June you moron?
Per your signature reality was changed overnight
You need to read this to grasp what happened today
https://mailchi.mp/chancerydaily/special-editorial-edition-june-10-2024
Perhaps this: An outside investor can nullify shareholder votes now in Delaware
Moelis gang!
https://www.deallawyers.com/blog/2024/06/delaware-legislature-passes-moelis-fix.html
https://www.ft.com/content/df66ea28-8eed-4771-aac5-0a8e52a83a62
well wrong about that but my DJT puts are fine
prefs are bid I think we'll get a rebound on commons soon enough
Most of this ultimately comes down to an administrative mess of balancing so-called stakeholders (who overspent on homes as collateral in a masturbatory way) against stockholders - who may or may not be young. If you’re not willing to pay your tab, the people in charge of your estate will.
Wiseman is correct to characterize Moelis as a gang. They’ve basically cartelized corporate lawmaking in Delaware.
https://delawarecall.com/2024/06/19/dissent-in-house-judiciary-over-controversial-corporate-amendments/
The sooner the litigation is over the better.
It's been the best made case for as long as I've tracked it
DJT warrants are exercisable today - may be some margin calls for meme traders in the Trump basket.
"avg" = volume weighted average price, VWAP.
A bit more on these kinds of transactions:
Big corporations use VWAP algos. Or use ASR's which use VWAP algos Thanks @DanielSimonyi https://t.co/eRnH8Mb3dL pic.twitter.com/k0xKdZVPDP
— Andy Constan (@dampedspring) June 13, 2024
VWAP buyer has returned
Word of some layoffs at Freddie
https://www.thelayoff.com/t/1sX4BVkL
On June 5, 2024, Christian Lown, Chief Financial Officer (CFO) of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac of his intention to step down from his position as CFO, effective June 28, 2024. The company will begin the process of identifying a successor to Mr. Lown.
https://capitalmarkets.freddiemac.com/debt/lookup/cusipDetails?cusip=3134A2HG6
Maturity is 12/11/2025 and it's one they've been repurchasing
https://capitalmarkets.freddiemac.com/debt/lookup/repurchasedDebt
Lasted traded on 6/7/24 for 92.75
https://www.finra.org/finra-data/fixed-income/bond?cusip=3134A2HG6&bondType=CA
https://www.law.cornell.edu/cfr/text/17/240.12d2-2
Form 25 can be any of (a)(1-4)
The world loves your jaded baggie-esque (but theologically correct) shitposting, TightCoil, but the very very serious business people here will never admit it.
Friday there will be a plaintiff reply brief in Fairholme but other than that there's not to do but sit and wait.
December 50p on TSLA likely a valid hedge for being long FnF through the elections
Musk has irrevocably tied his stock's fate with bitcoin
One of the special things about foreign views on US laws is that it forces you to look from the outside in. It's so remarkably open and fundamentally different than parliamentarians that one is forced to piece it all letter by letter. Meanwhile Wall Street guys that went to Columbia law school and such in the 80's got degrees in Rhetoric. The incentive for analysis is different - our litigators are more focused on their own careers - much like activists - than getting the details right. Exactly because they don't have to - as long as it brings clients to the firm and they can maintain an air of sophistication.
See today, earlier, "US Treasury isn't a charity" as if this were a elementary school playground where we put words in each other's mouths.
We really should bring ad hominem back for dealing with useful idiots.
I like your post and agree with the sentiment.
Preferred are accruing 39% IRR to 2028
I'm just being cheeky
skill issue
how much longer will they prop the Pipe Dream stock above 173
Have you a guess on the initial duration of the zero coups invested? 20yr?
Reason I ask is the value of those may now be accruing in line with the net worth figure.
They are currently waived until 2028
Personally I sized in when Berko was tax loss selling and sold half for 150%. Still at 80% commons 20% preferred.
In my opinion this is not a typical restructuring. This is highly regulated capital. Look to entities like Utilities in CA - the state has temporarily waived capital requirements so the companies can pay off wildfire litigation liabilities, for example. It's all about the ultimate stability of operations. If all the lawsuits are fruitless 2028 release not off the table.