Tkalls, thank you for posting this video ... the creator of this video did a very good job laying out the current situation. He states very clearly that home builders and investors who are being drafted to build and fund a million Trump homes want some type of guarantee through F2.
Although he offers no "proof" that this is what the home builders and investors are wanting, there is not much reason to doubt him, and it fits perfectly with the situation we've been in since the whole IPO discussion virtually disappeared from the administration's focus of conversation and media promotion. This is a good reason there has been a steady decline in share prices.
So, Trump, Bessent, and the economic advisors are the new Obama and Biden - do nothing for shareholders and do everything to benefit the government needs, financial establishment, home builders, and investors who will put up the money for these "one million" Trump homes. If indeed this is the way the Trump administration is thinking or beginning to pivot, it perfectly explains the reason for going dark on the IPO talk and the reason for share prices falling.
In essence, F2 shareholders are up against whoever these investors are AND the home builders Trump needs to push this plan. There isn't really anything wrong with the plan itself; however, there is something EXTREMELY wrong with yet again, after 17 fucking years putting shareholders in the basement to fund yet another government plan - first it was the Great Financial Crisis and TARP bailout the put the GSEs in jail, and now it's the home builders and whoever these investors are coming to the table to build these homes. Believe me, these two groups plus the government outweigh Ackman, retail shareholder, and Growth Fund of America BY FAR.
If there are to be guarantees for the MBS investors, home builders, AND the investors funding the building of these homes THOSE GUARANTEES come out of, or reduce, future F2 profitability, current and future retained earnings, and any potential shareholder returns, which in turn greatly caps any future dividends as well as the growth of share prices. They ARE fucking us again.
One can avoid reality, but one cannot avoid the consequences of avoiding reality.
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