Tuesday, February 13, 2024 3:32:06 AM
Our hero. 15 years on, we will leave the conservatorship unscathed, either with an adjusted stock valuation of Book Value per share or with at a PER of 14 times or so (it's the market the one that fine-tunes the ultimate PER valuation) and the JPS recovering their par value.
The plaintiffs approached at the odor of a rebate (one-day share price drop, plus interests through today), and zas! The cheaters have been caught.
I would have used coyote urine for the wolves of Wall Street instead.
This tweet captures the moment when the trap sets off.
PLAINTIFFS RIDICULE ST'S POSTURING
— Conservatives against Trump (@CarlosVignote) February 13, 2024
"2% lower isn't a basis for denying it"
ST pretends to comply w/ the law that bars capital distributions:
-Divs
-Gifted SPS
-Lamberth rebate
Neither the exception (4) in the public interest, nor its Inc Power allow it.#Fanniegate @TheJusticeDept https://t.co/flWAHWtHcB pic.twitter.com/4J6jJiaPkv
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