Whoever published the chart must think the Treasury will buy out the shareholders. The information mentioned an IPO which would be a new offering. Maybe the person who published the chart is talking about a RE-IPO, if that is the case Common Shareholders are getting the shaft! I see no reason to celebrate with your Choo Choo, Sir.
The facts, Mr. Bryndon Fisher gave us the calculation of the pay down of the liquidation preference no need of a third-party RE-IPO. The companies are fully capitalized by the payment of the liquidation preference the Senior Preferred Stock should be canceled.
THE TREASURY HAS COLLECTED ENOUGH. NOW WE HAVE 8-0 JURY verdict.
no exit if we get another calabria or mnuchin. we have a line up of paulson, lockhart, mnuchin, calabria who all foked it up. no need to raise money, absurd capital level requirements. $1500 down to $0.40, retirement and 529 taken away. stop.
Navy Hedge Fund continues to promote the hedge fund manager Alec Mazo's flawed diatribe. First, he uses the Capital Reserve, an invalid capital metric in the FHEFSSA, instead of Core Capital, Total Capital, CET1 and Tier 1 Capital. He follows Mnuchi-Calabria's "Capital Reserve End Date" in the 6th PA amendment of January 14, 2021 (when the Capital Reserve meets the capital requirements, instead of what is mandated in the FHEFSSA: Core Capital greater than the minimum Leverage ratio or Minimum Capital level, for the Capital Classification of Undercaptialized. A Total Capital greater than the Risk-Based Capital requirement, for the Adequately Capitalized threshold), as his "capital target to exit Conservatorship". All made up. If any, it's the flawed threshold CET1>3% of Total Assets, that Mnuchin and Calabria came up with, in the same PA amendment. This outsized threshold has been snubbed, as it's well above the ERCF that came into effect one month later, of Tier 1 Capital > 2.5% of Adjusted Total Assets (Leverage ratio), and way above the prior MANDATORY release in the FHEFSSA struck by Calabria's HERA (The Core Capital > minimum Leverage ratio, mentioned above). Nowadays, we are using CET1 > 2.5% of ATA, for the FHFA's best interests (pursuant to the FHFA-C's Incidental Power) of the expulsion of the AT1 Capital instruments (redemption of the JPS at their Redemption Value, which coincides with their fair value under the Separate Account plan. In same series of JPS, the Redemption Value is slightly higher than the par value), as it wouldn't affect the ERCF (T1 = CET1 + AT1), and in the run-up to the annuncement of one of the 3 options in the 2011 UST Report to Congress, submitted at the request of the Dodd-Frank law, as "recommendations on ending the Conservatorships".
Secondly, the number $124B is wrong, not just because it's $125B, but also because it's pending the offset with the SPS LP increased for free, both absent from the balance sheets. Capital Reserve, $0.
Thirdly, he talks about the resumption of dividend payments, disregarding the rules, not only the Capital Classification of Adequately Capitalized as always, but also there is the Table 8: Payout ratio, in the recent Capital Rule, that requires a minimum of 25% of the Prescribed Capital Buffer.
Navy Hedge Fund adds something on his own:
Govt Conservatorship
Instead of FHFA Conservatorship. He continues the "wards of the state" by the chamber investor Bill Ackman, and Pagliara through Guido, as a wink to representaive Maxine Waters who said "Federal Govt Conservatorship", commented here.
Navy Hedge Fund has ommited the name of the author of the GSE slide in the comment I'm replying to, but there is no doubt that it's this guy that always posts the same flawed analysis as Bill Ackman, the FHFA and recently the Fannie Mae CEO. Alec Mazo said the same one year ago in this image uploaded by Rum on Ihub, and for which he was called out. This is the third time. Now, he doesn't want to post his name, evidence that it was posted after a marathon of meetings with the Fanniegate attorneys all morning.
You are doing great! Another check in the mail, Rum? 📬️I see your PENNANT pattern too!
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