FNMA Company info 08/27/2014 12:25:32 $FNMA
Agreed $$FNMA$$
Agreed Z...I believe the govt. would be "willing" at some point to concede the sweep and conservatorship, but maintain what they have already taken and keep the warrants. It would be a massive "win - win" for both gooberment and the shareholders. I'm not THAT greedy...I would be willing to share billions with everyone...lol...and we all know...part of something is much better than all of nothing.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
http://freddiemac.mwnewsroom.com/press-releas...cc-1139944
i would be happy with the warrants expunged. Allow the GSE's to rebuild capital and move forward.
$$ FNMA $$
He was on yesterday too. His manner always seems pretty mellow. Hard to tell.
aim low and surprise high, right?
painted a very pessimistic picture for 2015 but I sense an agenda there has to be...
fnma chief economist on cnbc after the commercial break
Hmmm, price goes up and the three stooges (Heedunk-King and risky) nowhere to be found. The silence of the soft bashers is golden!
ACTION!
Are we going to have more (good) action today?
The only reason I can really see the warrants being invalidated is - not because they were created as a warranty (the documents don't really specify that) - but, due to the FHFA contracting the agreements with the treasury on behalf of Fannie and Freddie - against their wishes - and in a form of self dealing. How else can it be viewed though when the government creates HERA, takes control of the company and then forces such agreements? (Not to mention the amounts the FHFA has already allowed to be transferred to the treasury)
The conservator ship occurred, then the SPSPAs. Not, the other way around.
Logically, at this point, the government will likely do everything in its power to not have to re-pay a cent back to fannie mae and freddie mac... my optimistic view is that they may invalidate the warrants to make 'share holders whole' among other potential agreements.
That being said, at this point I do not believe we will have it both ways. (i.e. we will not have all the billions back and a back-dividend to over ride the 100% dividend taken by the government) AND also have the warrants expunged. If that were to occur, it would have to be 100% court ordered and enforced - I do not anticipate it happening that way. (plus, it is too greedy to consider likely)
Be well,
-Zargis
LMAO..that explains it!
No doubt. But I need to see this low volume whacking stop before I chase anymore.
Correct.
Quote:
160. Despite the Government’s assurances that the conservatorships were not going to be permanent, the Government designed the Stock Agreements to provide a mechanism to wind down the Companies. While this would leave the Companies’ shareholders with nothing, by virtue of the liquidation preferences the Treasury received when it took the Companies’ senior preferred stock, the FHFA’s Office of Inspector General concluded that the Treasury would receive $189.5 billion as a result of the potential liquidation of the Companies.
Agreed $$FNMA$$
Agreed Z...I believe the govt. would be "willing" at some point to concede the sweep and conservatorship, but maintain what they have already taken and keep the warrants. It would be a massive "win - win" for both gooberment and the shareholders. I'm not THAT greedy...I would be willing to share billions with everyone...lol...and we all know...part of something is much better than all of nothing.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
http://freddiemac.mwnewsroom.com/press-releas...cc-1139944
i would be happy with the warrants expunged. Allow the GSE's to rebuild capital and move forward.
$$ FNMA $$
He was on yesterday too. His manner always seems pretty mellow. Hard to tell.
aim low and surprise high, right?
painted a very pessimistic picture for 2015 but I sense an agenda there has to be...
fnma chief economist on cnbc after the commercial break
Hmmm, price goes up and the three stooges (Heedunk-King and risky) nowhere to be found. The silence of the soft bashers is golden!
ACTION!
Are we going to have more (good) action today?
The only reason I can really see the warrants being invalidated is - not because they were created as a warranty (the documents don't really specify that) - but, due to the FHFA contracting the agreements with the treasury on behalf of Fannie and Freddie - against their wishes - and in a form of self dealing. How else can it be viewed though when the government creates HERA, takes control of the company and then forces such agreements? (Not to mention the amounts the FHFA has already allowed to be transferred to the treasury)
The conservator ship occurred, then the SPSPAs. Not, the other way around.
Logically, at this point, the government will likely do everything in its power to not have to re-pay a cent back to fannie mae and freddie mac... my optimistic view is that they may invalidate the warrants to make 'share holders whole' among other potential agreements.
That being said, at this point I do not believe we will have it both ways. (i.e. we will not have all the billions back and a back-dividend to over ride the 100% dividend taken by the government) AND also have the warrants expunged. If that were to occur, it would have to be 100% court ordered and enforced - I do not anticipate it happening that way. (plus, it is too greedy to consider likely)
Be well,
-Zargis
LMAO..that explains it!
No doubt. But I need to see this low volume whacking stop before I chase anymore.
Correct.
Quote:
160. Despite the Government’s assurances that the conservatorships were not going to be permanent, the Government designed the Stock Agreements to provide a mechanism to wind down the Companies. While this would leave the Companies’ shareholders with nothing, by virtue of the liquidation preferences the Treasury received when it took the Companies’ senior preferred stock, the FHFA’s Office of Inspector General concluded that the Treasury would receive $189.5 billion as a result of the potential liquidation of the Companies.
