Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 2668905 times)

orthopa

  • Hero Member
  • *****
  • Posts: 526
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9540 on: March 14, 2018, 06:29:08 AM »
This looks to be relevant

http://www.businessinsider.com/ken-moelis-million-dollar-coin-flip-with-donald-trump-2017-7

Maybe gives a little idea as to why Paulson was in on the Moelis plan and how the name Moelis came out of no where with a grand plan for housing reform.

We can speculate as much as we want but the intertangled web of connections and relationships is starting to become quite obvious. Even more so who is on the outside (AEI, MBA, corker, hensarling) and who is on the inside.


DRValue

  • Full Member
  • ***
  • Posts: 110
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9541 on: March 14, 2018, 06:34:37 AM »
This looks to be relevant

http://www.businessinsider.com/ken-moelis-million-dollar-coin-flip-with-donald-trump-2017-7

Maybe gives a little idea as to why Paulson was in on the Moelis plan and how the name Moelis came out of no where with a grand plan for housing reform.

We can speculate as much as we want but the intertangled web of connections and relationships is starting to become quite obvious. Even more so who is on the outside (AEI, MBA, corker, hensarling) and who is on the inside.

I'd say it's very relevant. This "investment" sometimes feels like the ultimate coin flip.
Not Investment Advice. Do Your Own Research.

cherzeca

  • Hero Member
  • *****
  • Posts: 1423
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9542 on: March 14, 2018, 09:10:57 AM »
This looks to be relevant

http://www.businessinsider.com/ken-moelis-million-dollar-coin-flip-with-donald-trump-2017-7

Maybe gives a little idea as to why Paulson was in on the Moelis plan and how the name Moelis came out of no where with a grand plan for housing reform.

We can speculate as much as we want but the intertangled web of connections and relationships is starting to become quite obvious. Even more so who is on the outside (AEI, MBA, corker, hensarling) and who is on the inside.

I'd say it's very relevant. This "investment" sometimes feels like the ultimate coin flip.

so far, heads we win, tails you lose.  waiting for a new coin

rros

  • Hero Member
  • *****
  • Posts: 705
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9543 on: March 15, 2018, 07:55:15 AM »
Posting comments from article on American Banker on explicit guraantee.

Mine: Even with implicit guarantee, these large banks that MBA represents, took taxpayers to toilet by causing financial crisis, with an explicit guarantee, our country will be begging China to rescue us. No to explicit guarantee.


“Brought to you by the cowards who don't want to have any skin in the game when the "safe" loans they make go bad.”


“My friend David and the MBA have been on so many sides of the GSE issue that my head spins keeping up with them. His feigned crocodile tears over small community banks won't shake the belief that the MBA only cares about their larger commercial bank members. The MBA fear is that Congress--with other priorities--won't have time to work on Fannie/Freddie matters leaving it to a more thoughtful approach through some Treasury or Federal Housing Finance Agency (FHFA) regulatory directive.”


“So Lets get David Stevens/Corker 2.0 bill (not Warner bill because he has not supported it yet) 1. Govt. Provides explicit Guarantee to securties 2. Securities are created by GSE infrastructure called CSS. And who gets to benefit from all this for doing nothing? Ahhh!! the Wells Fargo and other big banks (as the David Stevens bill call for only 4-5 more guarantors)”

“Why Does David Steven not disclose the names of potential 4-5 guarantors that will be created by his bill? Bcoz that will give away his plan and make crystal clear that Gainers will be Wells Fargo and other big banks and losers will be american home buyers.”


“Whats David stevens problem with GSE as a utility model. They will keep there intellectual property (CSS) and they will be a low risk business with regulated return on capital?”

“Another spin by David "spin" Stevens is some how smaller banks and community banks are supposes to be benefited by his proposal that will create large banks as guarantors. Again, So small community banks will have to deal with Large Banks for there securitization needs, and he hopes that these Large TBTF bank will then play fair. and not to mention they compete in the same communities to get lending business.”

https://www.americanbanker.com/opinion/housing-market-needs-an-explicit-government-guarantee
Pressure re implicit/explicit guarantee is a good way to twist MBAs arm in favor of a recap. If anything, I imagine banks will drop their pants as long as they can secure an explicit guarantee. If they can come out of all this with just that it will be a victory for them. Even if they can't get their hands on Fannie and Freddie's business.

rros

  • Hero Member
  • *****
  • Posts: 705
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9544 on: March 15, 2018, 10:36:45 AM »
Any preferred holder with an Ameritrade account?

This was posted yesterday at the ihub preferred board:
Quote
We are writing to inform you of a buy-out that's currently being offered to certain shareholders in a class of stock that you are invested in. Current holders of FNMAS, among other classes of Fannie Mae Preferred Stock, are being sought by a private investor that is seeking to make a large investment in Preferred Stock of Fannie Mae. The current price offered for FNMAS is $12 per share. If you are interested in this offer, please contact your local office to initiate the transfer process and the cash will be deposited into your account.

The highest weekly closing price was at $12.31 on March 2014.
« Last Edit: March 15, 2018, 10:40:12 AM by rros »

Midas79

  • Sr. Member
  • ****
  • Posts: 302
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9545 on: March 15, 2018, 10:55:17 AM »
Any preferred holder with an Ameritrade account?

This was posted yesterday at the ihub preferred board:
Quote
We are writing to inform you of a buy-out that's currently being offered to certain shareholders in a class of stock that you are invested in. Current holders of FNMAS, among other classes of Fannie Mae Preferred Stock, are being sought by a private investor that is seeking to make a large investment in Preferred Stock of Fannie Mae. The current price offered for FNMAS is $12 per share. If you are interested in this offer, please contact your local office to initiate the transfer process and the cash will be deposited into your account.

The highest weekly closing price was at $12.31 on March 2014.

I don't have an Ameritrade account, but I would give this a 99.999% chance of being fake. The poster who posted this is mostly a troll in sheep's clothing, saying the opposite of other trolls like CatBirdSeat.

An announcement like this doesn't make any strategic sense either. An offer like this would be negotiated and only with large holders. I highly doubt that poster has a large enough position to matter.

SnarkyPuppy

  • Hero Member
  • *****
  • Posts: 643
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9546 on: March 15, 2018, 10:56:06 AM »
Any preferred holder with an Ameritrade account?

This was posted yesterday at the ihub preferred board:
Quote
We are writing to inform you of a buy-out that's currently being offered to certain shareholders in a class of stock that you are invested in. Current holders of FNMAS, among other classes of Fannie Mae Preferred Stock, are being sought by a private investor that is seeking to make a large investment in Preferred Stock of Fannie Mae. The current price offered for FNMAS is $12 per share. If you are interested in this offer, please contact your local office to initiate the transfer process and the cash will be deposited into your account.

The highest weekly closing price was at $12.31 on March 2014.

Considering the source and the lack of any other news, I'm highly skeptical.

Edit:   Is this facilitating a block trade?   Is this really how block trades ever work?

emily

  • Sr. Member
  • ****
  • Posts: 353
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9547 on: March 16, 2018, 10:12:24 AM »
Ackman and Treasury in the same boat. Their shares total about 90% of common shares.

https://backend.otcmarkets.com/otcapi/company/financial-report/189048/content

emily

  • Sr. Member
  • ****
  • Posts: 353
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9548 on: March 16, 2018, 12:25:50 PM »
Mark Zandi, March 16th, 2018: The longer the GSEs remain in conservatorship, the harder it will be to get them out. That they will likely soon be scored by the CBO as providing a negative subsidy and thus providing revenues to the Treasury for other government needs will make it doubly hard politically to change the status quo. This is unfortunate, as the GSEs in conservatorship will not be able to keep up with the changing demographic and technological needs of the nation’s underserved mortgage borrower.
https://www.urban.org/debates/revisiting-housing-finance-why-federal-role

rros

  • Hero Member
  • *****
  • Posts: 705
Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9549 on: March 16, 2018, 01:27:37 PM »
Mark Zandi, March 16th, 2018: The longer the GSEs remain in conservatorship, the harder it will be to get them out. That they will likely soon be scored by the CBO as providing a negative subsidy and thus providing revenues to the Treasury for other government needs will make it doubly hard politically to change the status quo. This is unfortunate, as the GSEs in conservatorship will not be able to keep up with the changing demographic and technological needs of the nation’s underserved mortgage borrower.
https://www.urban.org/debates/revisiting-housing-finance-why-federal-role
Where in the debate is Josh "utility" Rosner?