Replies to post #585015 on Fannie Mae-No Politics (FNMA)

[FOFreddie]

Happy New Year Doc.

Wouldn't the anti-injunction provisions of HERA prohibit the US Bankruptcy Court from granting jurisidiction to one of the GSE's?

Here is a excerpt from page 9 of the Collins Opinion:

FHFA in either role may also order a shareholder, director, or officer to performany function.30 And in either role it may transfer or sell any GSE asset orliability without consent.31 FHFA in either role also benefits from an antiinjunction provision:

Except as provided in this section or at the request of the Director,
no court may take any action to restrain or affect the exercise of
powers or functions of the Agency as a conservator or a receiver.32

Wouldn't your scenario have to be implemented by the FHFA in a Receivership under HERA? If that was the case would common of JPS have liquidation preference?

I hope there is not a Receivership because common shareholders probably have the most upside in a Conservatorship.

[Ace Trader]

This is why I believe now they have the 11,000 docs and gong back to the start and fighting the whole take over of 2008. If they lose there they could be empty bag holders! In that case.

[Stern is Bald]

I can play that game also; decipher what I am saying > reverberated security is not for timely nuances!!! It was said via transfer of balance sheet. Crowds of persons need excruciating facilities that transpire between hedge-funds!! In knowing this is brought to attention of OTC and OPP that GSE was liquidated turnstile!!!

[Forrest Gump Luck]

In response to comments regarding gse going Bk after release. That is absurd. For about 20 reasons but here are three:
1. Having liabilities exceed assets or obligations is not Bk. Ask anyone with several mortgages.

2. Bk is a cash flow question.

3. Gse going Bk would crash economy.

4. Conservadores job is to not do that.

Could go on and on.

[chessmaster315]

This SEC filing does a good job explaining why commons have vastly outperformed the preferreds in 2019 and so far, in 2020.
Thanks, Doc!!
Eyes Opener - Its Not Only About Dividends !!

T

he US Gov or FHFA made the Stocks just to be "Empty Shells" which Only at OTC still can been traded for better impressions only and therefore the still traded means nothing really !
( We All got perfectly screwed, but since Prefs As Debts more vulnerable at Such Insolvency Not Sufficient Capital Companies ( BK under Chapter 11 Protection Looming ), than Commons which are essential to Any Public Companies Not In Liquidation to Exist, the Commons therefore More Safe. )

At SEC Filing as of September 6, 2008, as following :
https://www.sec.gov/Archives/edgar/data/310522/000095013308003096/w67133e8vk.htm

Item 1.03 Bankruptcy or Receivership.
By reference to Item 3.03 and the section captioned "Conservatorship" under Item 8.01 below.
( We All know, by Insolvency of Not Sufficient Capital the BK Preconditions Preserved. )

Item 3.03 Material Modification to Rights of Security Holders.
The rights of our common and preferred stocks have been materially limited by the entry of Fannie Mae into conservatorship on September 6, 2008.