Louie_Louie
8 시간 전
All the talk about goverrnment needing to earn a fortune off this is moot and bull-pucky. The government knows the average person does not know or care about this CONservatorship, so all the nonsense talk by idiots like Whalen talking about political fall out is nonsensical hype. I said it before, you can fit in a baseball stadium the amount of folks who are fully aware of the GSE's, their purpose, their business and their illegal take over saga. Those who keep fear mongering and gaslighting lies about if the GSE's are releassed have an agenda that is detrimental to GSE survival.
NO ONE predicted DOGE or that Trump would win, or the people he is/will/and has picked that will affect the outcome of our release. What will the JPS crowd start spewing when the Capital requirement is lowered? It's coming, and they can kiss any conversion bye bye, won't be needed, not even a capital raise will be needed. Once they annouced the lowered capital requirement, and soon to follow would be the releasse plan, at that point the stock will honestly rise and be hard for the manipulators to take down, especially if the government tells them to stop the manipulation. Re-list to the NYSE and POW, way more capital than the lowered rule requires. Easy peasy release and zero political fall out. YES, most Democrats and a few Republicans will be angry because their golden goose will be pulled out of their hands, but those will be the folks DOGE should especially watch and weed out of government when midterms arrive.
I expect the government to void the warrants and claim them paid in full, because it was nothing more than collateral put in place to assure payment, a payment which was over paid back already! The senior prefs, I assume will be written off- BUT I look to the government to keep their hands in the GSE kitty. If there is a commitment fee or congress provides a type of implicit or explicit guarntee, that may be tied to the senior prefs, where by the government might deem a part of the seniors a special class of pref that will act solely as the explicit gurantee of a government backstop, and will pay a dividend - maybe forever, or maybe until a capital level is assumed that is deemed to be adequate. But most of the seniors will be gone. The government can allow conversion of these special prefs shares to become a regular pref share or convert to commons at a later date once the GSE's are deemed fully safe. They can do all this under a consent decree, or not. THEY HAVE THE POWER TO, and the courts, but they need to do what is right and fair.
ron_66271
22 시간 전
Me, I’m Tracking LIBOR and Gruenberg‘s Retirement.
Gruenberg is retiring the day before Trumps Inauguration.
Why?? 😁
Gruenberg Started with the FDIC in 2005, the same time as the Tick-off meeting for Project West in 2005.
Gruenberg, the JPM inside asset from 2005 Is out of the FDIC ASAP.
And we all thought it was SB as the inside agent. Yes SB is stupid.
The incoming administration is also created the pathway for the cancellation of the F&F Conservership created by a group of Marxist.
Totally unconstitutional and ruled against twice, plus a Jury 8-0 decision.
LIBOR is coming to a Climax in February or sooner.
Keep watching the Docket;
“MEMO ENDORSEMENT on re: [4352] Letter requesting the Court's approval of letter by DAPs, filed by The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation. ENDORSEMENT: Application granted. So ordered. (Signed by Judge Naomi Reice Buchwald on 12/4/24)”.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Two new documents filed yesterday.
There is a new Sheriff coming to Town.
The Political process is telling us, because the Geopolitical, Legal System is coming back to be Constitutionally based.
Ron
navycmdr
22 시간 전
Fannie Mae shifts to annual election of directors
Dec. 05, 2024 4:44 PM ET
Federal National Mortgage Association (FNMA) StockBy: Liz Kiesche
Fannie Mae (OTCQB:FNMA) recently implemented an annual election schedule for its board, and its conservator, the Federal Housing Finance Agency, executed written stockholder consent, electing all the company's current board members, it said Thursday.
Since 2021, board members appointed for the first time to the board served three-year terms.
Directors elected to the board are: Priscilla Almodovar, Amy E. Alving, Christopher J. Brummer, Renée Lewis Glover, Michael J. Heid, Simon Johnson, Karin J. Kimbrough, Diane N. Lye, Diane C. Nordin, Chetlur S. Ragavan, Manuel Sánchez Rodríguez, Michael A. Seelig, and Michael A. Seelig.
Each director will serve for a term that ends on the date of our next annual meeting of shareholders, or when the conservator next elects our directors by written consent, Fannie Mae (OTCQB:FNMA) said.
tuzedaze
4 일 전
Sammy…. This article kills me as it quotes mark Zandi and Moody’s…. The same Moody’s that said 73% of the mortgage-backed securities had rated triple-A in 2006 and were downgraded to junk by 2010….. JPM paying $40BN in fines to do business and now Zandi and Moody’s are to be trusted f’n experts… Our entire financial system is a house of cards…..
Peeps… FnF is going to be turbulent as hell for the next few months… Massive open gap down below…. Don’t wait around for Sammy to tell you it’s going lower…. $29M volume day…. Playing here is playing with fire….
Here is an old one from the past to help highlight to the newbies in this stock that the corruption is everywhere and even to those who are supposedly the experts who provide ratings on what makes our economy go…. Moody’s and S&P… F’n crooks…. We still have 11,000 documents under executive privilege and there are many powerful people who do not want you to know where the bodies are buried…. We are in conservatorship so the message can be controlled….. JFK, Gulf Of Tonkin, 9/11, FnF… list goes on…. Lots of turbulence here…..
https://www.theguardian.com/business/2017/jan/14/moodys-864m-penalty-for-ratings-in-run-up-to-2008-financial-crisis
The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday.
“Moody’s reached the deal with the justice department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement.
“Moody’s failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the ‘great recession’,” principal deputy associate attorney general Bill Baer said in the statement.
S&P Global’s Standard & Poor’s entered into a similar accord in 2015 paying out $1.375bn. Standard and Poor’s is the world’s largest ratings firm, followed by Moody’s.”
tuzedaze
4 일 전
Sammy…. This article kills me as it quotes mark Zandi and Moody’s…. The same Moody’s that said 73% of the mortgage-backed securities had rated triple-A in 2006 and were downgraded to junk by 2010….. JPM paying $40BN in fines to do business and now Zandi and Moody’s are to be trusted f’n experts… Our entire financial system is a house of cards…..
Peeps… FnF is going to be turbulent as hell for the next few months… Massive open gap down below…. Don’t wait around for Sammy to tell you it’s going lower…. $29M volume day…. Playing here is playing with fire….
Here is an old one from the past to help highlight to the newbies in this stock that the corruption is everywhere and even to those who are supposedly the experts who provide ratings on what makes our economy go…. Moody’s and S&P… F’n crooks…. We still have 11,000 documents under executive privilege and there are many powerful people who do not want you to know where the bodies are buried…. We are in conservatorship so the message can be controlled….. JFK, Gulf Of Tonkin, 9/11, FnF… list goes on…. Lots of turbulence here…..
https://www.theguardian.com/business/2017/jan/14/moodys-864m-penalty-for-ratings-in-run-up-to-2008-financial-crisis
The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday.
“Moody’s reached the deal with the justice department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement.
“Moody’s failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the ‘great recession’,” principal deputy associate attorney general Bill Baer said in the statement.
S&P Global’s Standard & Poor’s entered into a similar accord in 2015 paying out $1.375bn. Standard and Poor’s is the world’s largest ratings firm, followed by Moody’s.”