Louie_Louie
5 hours ago
Does anyone here or on FNMA board know who the next in line is at FHFA? That will be our acting Director once Thompson quits. For all the old timers, acting directors at the FHFA in the past have been a big part of the problem here, although now the laws for replacing people are different. I think we should know who the next person is, and dig into that a little. Of course 47 could appoint someone.
Here's what I found, hard to assume who will take the reins. Notice the spooky looking DEI head! These people, most are too young and definitely DC nepo-baby hires.
https://www.fhfa.gov/about/leadership
Louie_Louie
1 day ago
That's a good question! I am for firing the whole BOD if we ever get our rights back. The government should never be allowed to cancel or usurp shareholders rights, just as they can not do that with our civil and every day rights. If there are truely good folks on the BOD it will get exposed, just as the bad apple DEI and nepotist hires will. The great thing about getting exposure is more people and media to scrutinize and research what the rest of us may have been missing or not known. Most of us who have been here for any kind of a long haul term (years wise) know who we can trust for decent information on these boards. We have many that provide good DD, but with this going towards release, there will be a lot more DD, both good and bad, no doubt.
Louie_Louie
4 days ago
With that coming out now, like it did though, I worry they are trying to set up for something before Jan 20th, and they will say Biden is blah, blah, blah the GSE's but you and I know he's got the thinking skills of a rabbit right now. So his handlers may be setting up for something that's going to cause more trouble for Trump. Democrats play super dirty, there's always a detrimental reason for everything they do.
mrfence
1 week ago
Lou, this forum saw it's bests days a decade ago. X is running the show now. As far as I'm concerned, Detearing's an elitist shill for the Wynn. He's talking about an FMCC FNMA "Toast" @ $5 now, lol. In the past I floated the idea of celebrating @ Trump International Las Vegas upon Conservatorship release since he's the one behind the push to free Fannie & Freddie and has the ultimate power to do so. Many like that idea and someone recently, and organically floated that same idea again last week now that the new sheriff's returned to pick up the flag. Then Detearing showed up, LOL!
So that's what I'm doing regardless of what anyone else does the same way I make my own trades, staying at the top of Trump International. Detearing's even keeping a list of how many shares people own for Bronze, Silver, Gold, and Platinum table seating. Ask yourself why that matters, and who that benefits?
Anyway, we'll be seeing $6 to $7 before this month is over if not much more. The $dollar volume traded Friday just dwarfed the $dollar volume of the GSE's post election run.
As far as Warrants are concerned, the only way I'll support their exercise is if the proceeds are for the enterprises to further the housing cause. Otherwise, it's just another Gooberment theft from the enterprises and a hidden tax on all housing be it owners, or renters.
Our little pink Teddy Bears' radioactive knock out punch is coming to a chart near you.
Shorty's going DOWN! Welcome to the NEW AGE
See ya'll $5 DOLLA HOLLA MONDAY!
$FMCC~ $FNMA~
Louie_Louie
1 week ago
Hey MrFence, I'm ready for a celebration if Detearing on FNMA is truly keeping a list of those interrested, and I would like to be included but don't know if he only posts on FNMA (I am banned from there), but I beleive that is still maybe at least 6 months away. $6-7 common price will be a detrminig event in my mind, because they have to start letting both the JPS and common price appreciate naturally and freely & stop attacking shareholders, if they ever want to get this done. Anything else will be seen by the investing public as government meddling is still to ingrained and will dissuade money from following, flowing in.
I also believe the JPS are going to be as they were, just JPS, no special priveleges or deals, it's not going to be needed and the instigating posters have been told time and again that they have par price to look forward to, as the market deems it, and then a ways down the road "maybe" dividends. There's far to many things that will affect the capital needed and capital raised especially since we keep building capital quarterly and have been for some time. I also think there is a possibility for a buyout of certain JPS classes or possibly all - over time. But it won't be at par, and I do not see par value hitting for ???? anyone's guess. If they offer a buyout it will be to retie the high interest pref's so they can offere new pref's later on.
If you look at the CONservatorship, the warrants were put in place to steal value and to push down common speculation, and to assure a payback (collateral) if government needed to put the GSEs into receiversship (not gonna happen ever). The seniors do the same to the value and use of the JPS. So depending on the incoming administrations view of "fairness", that will deterine outcome for both commons and prefs. Prefs being way more a debt (loan/debt - a deterrent to release) and commons being way more of an investment (ownership - and investor and money "capital" attractor), which I think determines who will be more important as to the outcome of this situation. Every quarter, for a while now, has made any and all pref conversions less and less likely. JMHO I get one post here since a very long time, I'm deeply hated by some who call themselves moderators because they can not handle truth.