Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 2721507 times)

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10520 on: September 21, 2018, 05:36:50 AM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!


rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10521 on: September 21, 2018, 07:50:28 AM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!
We were not blindsided and I doubt the payment cap was an issue here. Most likely, Mnuchin -and the Treasury Dpt. in general- see Coinbase as a backdoor entrance into the cryptocurrency world and want to have the inside scoop through a long time trusted advisor. It makes sense for exchanges to hire these government linked counselors. But when it comes to Coinbase, it is not a coincidence that the chosen name has been a close associate to Mnuchin.

Now, Treasury can have a bird's-eye view at the underworld and their venues of operation. Nothing like bitcoin or monero to laundry money or finance rouge industries, including terrorism. Besides this, this move gives absolute credibility to cryptocurrencies and the implied message is they are here to stay. Invest!

Wiggins

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10522 on: September 21, 2018, 09:12:46 PM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!
We were not blindsided and I doubt the payment cap was an issue here. Most likely, Mnuchin -and the Treasury Dpt. in general- see Coinbase as a backdoor entrance into the cryptocurrency world and want to have the inside scoop through a long time trusted advisor. It makes sense for exchanges to hire these government linked counselors. But when it comes to Coinbase, it is not a coincidence that the chosen name has been a close associate to Mnuchin.

Now, Treasury can have a bird's-eye view at the underworld and their venues of operation. Nothing like bitcoin or monero to laundry money or finance rouge industries, including terrorism. Besides this, this move gives absolute credibility to cryptocurrencies and the implied message is they are here to stay. Invest!


The big money to be made in cryptocurrencies are the fees. And Coinbase is the most established. Have you seen their fees and volume? Brooks is going from a low 6-figure salary to a 7-figure salary in his equity stake alone, and Coinbase gets Treasury legitimacy. This is in the no-brainer pile. Brooks will be using some of this cash to invest in Fannie and Freddie. The only question is will it be preferred or common shares?

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10523 on: September 22, 2018, 01:21:33 PM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!
We were not blindsided and I doubt the payment cap was an issue here. Most likely, Mnuchin -and the Treasury Dpt. in general- see Coinbase as a backdoor entrance into the cryptocurrency world and want to have the inside scoop through a long time trusted advisor. It makes sense for exchanges to hire these government linked counselors. But when it comes to Coinbase, it is not a coincidence that the chosen name has been a close associate to Mnuchin.

Now, Treasury can have a bird's-eye view at the underworld and their venues of operation. Nothing like bitcoin or monero to laundry money or finance rouge industries, including terrorism. Besides this, this move gives absolute credibility to cryptocurrencies and the implied message is they are here to stay. Invest!


The big money to be made in cryptocurrencies are the fees. And Coinbase is the most established. Have you seen their fees and volume? Brooks is going from a low 6-figure salary to a 7-figure salary in his equity stake alone, and Coinbase gets Treasury legitimacy. This is in the no-brainer pile. Brooks will be using some of this cash to invest in Fannie and Freddie. The only question is will it be preferred or common shares?
I started this thread to minimize pollution here. If you can post the link with the hiring agreement over there I will appreciate it.

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10524 on: September 22, 2018, 01:23:14 PM »
Does this case strengthen Plaintiff’s court cases? Especially Sweeney’s?

https://ecf.rid.uscourts.gov/cgi-bin/show_public_doc?2017cv0005-39

Does this also not strengthen the separation of powers case against FHFA? It  implies that he has been doing whatever he wants without regards for legality as we know NWS is not legal and he is not conserving either.

“But since Watt doesn’t have a supervisor, he said no one could take action against him.”

https://www.bloomberg.com/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe

This is too much happening in plain sight. May be nothing matters at this point.


Quote
But since Watt doesn’t have a supervisor, he said no one could take action against him.
There you go. Someone bring some kryptonite!

https://www.bloomberg.com/amp/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe?__twitter_impression=true

case is clearly good for fairholme in front of Sweeney.
But then, wouldn't it impact Perry the opposite way (breach of contract among private actors)?

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10525 on: September 22, 2018, 09:10:26 PM »
Does this case strengthen Plaintiff’s court cases? Especially Sweeney’s?

https://ecf.rid.uscourts.gov/cgi-bin/show_public_doc?2017cv0005-39

Does this also not strengthen the separation of powers case against FHFA? It  implies that he has been doing whatever he wants without regards for legality as we know NWS is not legal and he is not conserving either.

“But since Watt doesn’t have a supervisor, he said no one could take action against him.”

https://www.bloomberg.com/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe

This is too much happening in plain sight. May be nothing matters at this point.


Quote
But since Watt doesn’t have a supervisor, he said no one could take action against him.
There you go. Someone bring some kryptonite!

https://www.bloomberg.com/amp/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe?__twitter_impression=true

case is clearly good for fairholme in front of Sweeney.
But then, wouldn't it impact Perry the opposite way (breach of contract among private actors)?

no, breach claim still survives but the takings claim can be added.  not mutually exclusive

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10526 on: September 23, 2018, 12:29:55 PM »
Does this case strengthen Plaintiff’s court cases? Especially Sweeney’s?

https://ecf.rid.uscourts.gov/cgi-bin/show_public_doc?2017cv0005-39

Does this also not strengthen the separation of powers case against FHFA? It  implies that he has been doing whatever he wants without regards for legality as we know NWS is not legal and he is not conserving either.

“But since Watt doesn’t have a supervisor, he said no one could take action against him.”

https://www.bloomberg.com/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe

This is too much happening in plain sight. May be nothing matters at this point.


Quote
But since Watt doesn’t have a supervisor, he said no one could take action against him.
There you go. Someone bring some kryptonite!

https://www.bloomberg.com/amp/news/articles/2018-09-14/fannie-regulator-mel-watt-refused-to-aid-sexual-harassment-probe?__twitter_impression=true

case is clearly good for fairholme in front of Sweeney.
But then, wouldn't it impact Perry the opposite way (breach of contract among private actors)?

no, breach claim still survives but the takings claim can be added.  not mutually exclusive
Thanks.

Wiggins

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10527 on: September 23, 2018, 04:46:05 PM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!
We were not blindsided and I doubt the payment cap was an issue here. Most likely, Mnuchin -and the Treasury Dpt. in general- see Coinbase as a backdoor entrance into the cryptocurrency world and want to have the inside scoop through a long time trusted advisor. It makes sense for exchanges to hire these government linked counselors. But when it comes to Coinbase, it is not a coincidence that the chosen name has been a close associate to Mnuchin.

Now, Treasury can have a bird's-eye view at the underworld and their venues of operation. Nothing like bitcoin or monero to laundry money or finance rouge industries, including terrorism. Besides this, this move gives absolute credibility to cryptocurrencies and the implied message is they are here to stay. Invest!


The big money to be made in cryptocurrencies are the fees. And Coinbase is the most established. Have you seen their fees and volume? Brooks is going from a low 6-figure salary to a 7-figure salary in his equity stake alone, and Coinbase gets Treasury legitimacy. This is in the no-brainer pile. Brooks will be using some of this cash to invest in Fannie and Freddie. The only question is will it be preferred or common shares?
I started this thread to minimize pollution here. If you can post the link with the hiring agreement over there I will appreciate it.

Sorry you thought my comment was pollution. You opined in several comments over the reason that Brooks would go to Coinbase. And I was just trying to be helpful in answering that. I don't think it's controversial to say the compensation of Chief Legal Officer of a growth company with more than a billion in revenue and 500 employees would be quite high.
I think it unlikely that Mnuchin has much to do with it, and I think it's unlikely that this bodes poorly for the Fannie and Freddie situation. Coinbase is the best exchange there is, and this would seem a spectacular opportunity for Brooks. Again, the fees are where the money is and Coinbase gets the lion's share and is poised to continue that into the future.

In a sense Fannie and Freddie strike a nice contrast to Coinbase. Fannie and Freddie are anything but new, and probably wouldn't be the most exciting place for a talent such as Brooks to work. Also, they almost certainly will have a strong regulator going forward that will keep compensation in check, unlike Coinbase.

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10528 on: September 23, 2018, 05:20:41 PM »
Brian Brooks leaves Fannie...
http://fortune.com/2018/09/19/coinbase-brian-brooks/

with all due respect to both Brian Brooks (who probably is an excellent lawyer) and Coinbase, if FNMA is to raise many tens of billions of dollars to recapitalize, there needs to be a black belt Ceo in place with material expertise in real estate and capital raising.  The compensation caps would need to be adjusted by congress, which is another reason why mnuchin and phillips are likely trying for the legislative route in 1h19 before any comprehensive administrative action.   Looking at it from Trump's angle, I think it's best for him if it goes legislatively and the warrants pay for the wall and/or infrastructure.

In the mean time, if our leaders want to do the right thing, please replace the sweep with a commitment fee over the holidays!!
We were not blindsided and I doubt the payment cap was an issue here. Most likely, Mnuchin -and the Treasury Dpt. in general- see Coinbase as a backdoor entrance into the cryptocurrency world and want to have the inside scoop through a long time trusted advisor. It makes sense for exchanges to hire these government linked counselors. But when it comes to Coinbase, it is not a coincidence that the chosen name has been a close associate to Mnuchin.

Now, Treasury can have a bird's-eye view at the underworld and their venues of operation. Nothing like bitcoin or monero to laundry money or finance rouge industries, including terrorism. Besides this, this move gives absolute credibility to cryptocurrencies and the implied message is they are here to stay. Invest!


The big money to be made in cryptocurrencies are the fees. And Coinbase is the most established. Have you seen their fees and volume? Brooks is going from a low 6-figure salary to a 7-figure salary in his equity stake alone, and Coinbase gets Treasury legitimacy. This is in the no-brainer pile. Brooks will be using some of this cash to invest in Fannie and Freddie. The only question is will it be preferred or common shares?
I started this thread to minimize pollution here. If you can post the link with the hiring agreement over there I will appreciate it.

Sorry you thought my comment was pollution. You opined in several comments over the reason that Brooks would go to Coinbase. And I was just trying to be helpful in answering that. I don't think it's controversial to say the compensation of Chief Legal Officer of a growth company with more than a billion in revenue and 500 employees would be quite high.
I think it unlikely that Mnuchin has much to do with it, and I think it's unlikely that this bodes poorly for the Fannie and Freddie situation. Coinbase is the best exchange there is, and this would seem a spectacular opportunity for Brooks. Again, the fees are where the money is and Coinbase gets the lion's share and is poised to continue that into the future.

In a sense Fannie and Freddie strike a nice contrast to Coinbase. Fannie and Freddie are anything but new, and probably wouldn't be the most exciting place for a talent such as Brooks to work. Also, they almost certainly will have a strong regulator going forward that will keep compensation in check, unlike Coinbase.
I am sorry the pollution remark got misunderstood. I thought this would be an interesting topic on its own and I was inviting you to expand on it. In a way, it was more of a compliment than a critic. I did write a lengthier answer originally only to realize I was deviating from the topic here. That's when I created the specific thread. So perhaps, that remark was directed towards me.

But you already expressed your view. That Brooks probably saw this simply as an opportunity for advancement and there is nothing else to read.

Wiggins

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #10529 on: September 24, 2018, 09:44:03 AM »
Thanks.