InvestorsHub Logo

RickNagra

05/04/21 11:19 AM

#676674 RE: Guido2 #676671

Crappy day. Do something bout it will ya.

Lajrchamp

05/04/21 5:08 PM

#676790 RE: Guido2 #676671

I appreciate your welcome to the boards. I've found these discussions informative. My only reason for criticizing the plaintiffs for not raising the takings issue is that leaving such an argument on the table may be counterproductive.

The Supremes are notorious for deciding hot button issues on the narrowest of technical grounds and issuing rulings that are less than "satisfying" for lack of a better term. I hope that's not the case here, but I tracked the share price during oral argument and it spiked to the 52wk high while the Justices were skewering government counsel over the NWS, then leveled off and sank when they were lukewarm about a remedy. I hope they ride in on a white horse, declare the debt paid and direct the end of the conservatorship and a remand to the lower courts to craft a shareholder remedy for the years of profits taken. If they are contemplating such a remedy, they certainly aren't letting on that they are. We may get an end to the NWS, and little else, which would leave us in a similar position we've experienced several times: a short-term pop and more waiting. I've had common shares since 2007, and have taken some gain along the way, so trust me when I say I wish they would untie this knot, but I'm skeptical.