Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3305282 times)

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13240 on: August 07, 2019, 11:39:45 AM »
@black.  good catch.  reading mr boyle's write up, I definitely saw resemblance to moelis blueprint, and its use of AIG as a precedent, and I believe mr parsons is the principal draftsperson of the MB
« Last Edit: August 07, 2019, 11:54:01 AM by cherzeca »


Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13241 on: August 07, 2019, 12:14:48 PM »
https://www.housingwire.com/articles/49799-former-freddie-mac-ceo-donald-layton-trumps-treasury-says-gse-reform-has-mostly-happened

In a 17-page paper titled “GSE Reform: None or Mostly Done?” Layton reveals a conversation he had a few months ago in a meeting with an unnamed senior official in the Department of the Treasury who told him: “GSE reform has already mostly happened.”
https://twitter.com/HousingWire/status/1159188751094046721
« Last Edit: August 07, 2019, 01:21:32 PM by Luke 5:32 »
Invest for retirement?  Sure.  But investing in eternity is infinitely more important.  Don't get it twisted.  "...but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal."  Matthew 6:20

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13242 on: August 07, 2019, 03:08:33 PM »
https://www.housingwire.com/articles/49799-former-freddie-mac-ceo-donald-layton-trumps-treasury-says-gse-reform-has-mostly-happened

In a 17-page paper titled “GSE Reform: None or Mostly Done?” Layton reveals a conversation he had a few months ago in a meeting with an unnamed senior official in the Department of the Treasury who told him: “GSE reform has already mostly happened.”
https://twitter.com/HousingWire/status/1159188751094046721

I'm thinking that unnamed treasury official goes by the name, Craig

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13243 on: August 07, 2019, 03:40:56 PM »
Layton:

"Summary: Over the past decade, Congress and most housing finance policy developers and
commentators have overwhelmingly focused on reform of the government-sponsored
enterprises (GSEs) in terms of comprehensive reform, meaning major changes in the design and
structure of the housing finance system, which would require legislation by Congress. Because
no such legislation has been passed, GSE reform appears, based on this expansive
understanding of reform, to be the still-unfinished business of the 2008 Financial Crisis. But
with a more limited concept of incremental reform – i.e., fixing the major weaknesses in the
existing system of housing finance – the reality is that almost all of the major flaws of the pre-
conservatorship GSEs have been successfully addressed while the companies have been in
conservatorship. And these incremental reforms can easily be carried forward and completed
to apply to the GSEs upon an exit from conservatorship, even if that exit is done only by
administrative means. On this view, which I share, reform has been “mostly done” already,
quietly and competently, during conservatorship, and so a program of “reform, recap and
release,” if the administration pursues it, is very much in the realm of the possible."

bingo

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13244 on: August 12, 2019, 09:08:15 AM »
OMG. No way. Our cheerleader Glen just wrote a book about this!  :o


https://www.amazon.com/Adequately-Capitalized-Second-Million-Fanniegate/dp/1089209967/ref=sr_1_1?keywords=first+second+million&qid=1565625663&s=gateway&sr=8-1

"The Treasury Plan that is coming in the next month or so and it is how I plan to make my first second million dollars. Today is 8/8/2019. Most authors write about what's happened. I try to write about what's going to happen before it happens while it still could be relevant to your life."  ;D
I am muslceman. I have more muscle than brain!

blackcoffee

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13245 on: August 12, 2019, 09:19:47 AM »
OMG. No way. Our cheerleader Glen just wrote a book about this!  :o


https://www.amazon.com/Adequately-Capitalized-Second-Million-Fanniegate/dp/1089209967/ref=sr_1_1?keywords=first+second+million&qid=1565625663&s=gateway&sr=8-1

"The Treasury Plan that is coming in the next month or so and it is how I plan to make my first second million dollars. Today is 8/8/2019. Most authors write about what's happened. I try to write about what's going to happen before it happens while it still could be relevant to your life."  ;D

Isn't that like #4 in the series?

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13246 on: August 12, 2019, 10:30:41 AM »
OMG. No way. Our cheerleader Glen just wrote a book about this!  :o


https://www.amazon.com/Adequately-Capitalized-Second-Million-Fanniegate/dp/1089209967/ref=sr_1_1?keywords=first+second+million&qid=1565625663&s=gateway&sr=8-1

"The Treasury Plan that is coming in the next month or so and it is how I plan to make my first second million dollars. Today is 8/8/2019. Most authors write about what's happened. I try to write about what's going to happen before it happens while it still could be relevant to your life."  ;D

Isn't that like #4 in the series?

what do you mean by #4 in the series
I am muslceman. I have more muscle than brain!

Midas79

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13247 on: August 12, 2019, 04:32:11 PM »
Treasury responded to the Perry plaintiffs' motion to compel today. Is it right to call them the Perry plaintiffs when it's Fairholme's and Arrowood's names on the motion? In either case, we're talking about the case that is (back) in Lamberth's court.

https://gselinks.com/wp-content/uploads/2019/08/13-cv-01053-106.pdf

Basically, they claim to not be subject to the discovery process because they have been dropped as a defendant. Big deal, little deal, or no deal?

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13248 on: August 12, 2019, 06:10:51 PM »
no big deal.  discovery is always contentious and resisted. Ps should have a lot of these docs re Sweeney discovery.  i don't see Lamberth giving treasury a free pass, though he might impose on Ps some scope/date limitations.  this is normal stuff
« Last Edit: August 13, 2019, 03:00:05 PM by cherzeca »

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13249 on: August 13, 2019, 11:55:36 AM »
Fitch rating commentary regarding GSE reform plan (attached)...
Invest for retirement?  Sure.  But investing in eternity is infinitely more important.  Don't get it twisted.  "...but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal."  Matthew 6:20