Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 1961131 times)

SnarkyPuppy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7740 on: July 15, 2017, 10:27:42 AM »
anything senate banking committee comes up with that is not moelis-like, perhaps with some kind of create competition twist added on, will be an untried contraption that should rasie uncertainty among all congress not in the tbtf tank. plus there is a budget to pass, debt ceiling to raise, tax reform to pass and, oh yeah, health care and intelligence committee diversions.  housing finance reform just cant compete with all of this on a headline basis.

assuming mnuchin hasnt bailed on his important priority and is just giving congress the opportunity to step up to plate, such that congressional inaction will lead mnuching to fill the vacuum, i think we are in a waiting game.  patience

Completely agree.  Just continuing to try to question the merits as I do with any investment


emily

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7741 on: July 15, 2017, 10:32:08 AM »
What do you think is next? What is our hope? Something must happen before they run out of capital in January if I understand this correctly. As I said before, Watt is playing politics behind the wheel. His rhetoric about faulty air bags is all bogus and he is working with Warner and Corker. Do we have to wait till 2019 when Watt leaves? By that time, Corker will finish them in Jan 2018.

waynepolsonAtoZ

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7742 on: July 16, 2017, 06:48:19 PM »
"Come on now, Mnuchin and Watt are calling the shots."

The recent litigations by the way are stupid in that they try to claim that Watt doesn't have valid jurisdiction because he is a sole regulator (not a multimember panel like FERC or FCC).

WATT is on our side basically. Mnuchin and Gary Cohn are probably NOT on our side!!!

Why try to strip our friend of jurisdiction. A court in Texas might actually believe the theory that went against CFPB.

I wrote about this here. https://seekingalpha.com/article/4011863-fannie-freddie-cfpb-court-decision-appeal-waiting-continues

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7743 on: July 16, 2017, 07:11:14 PM »
"Come on now, Mnuchin and Watt are calling the shots."

The recent litigations by the way are stupid in that they try to claim that Watt doesn't have valid jurisdiction because he is a sole regulator (not a multimember panel like FERC or FCC).

WATT is on our side basically. Mnuchin and Gary Cohn are probably NOT on our side!!!

Why try to strip our friend of jurisdiction. A court in Texas might actually believe the theory that went against CFPB.

I wrote about this here. https://seekingalpha.com/article/4011863-fannie-freddie-cfpb-court-decision-appeal-waiting-continues
Your thinking is a mystery to me. Although Mnuchin and Cohn could have switched sides now that they have become the "owners" of Fannie and Freddie if for no other reason than having been absorbed by the system, it really makes you question why hedge fund supported Trump then. Hedge funds and specially John Paulson must have assessed exactly these issues. Thoroughly. Of course, there is always the possibility most have reduced or sold off after the initial run that ended in mid. February when things were still foggy. 
« Last Edit: July 16, 2017, 07:13:39 PM by rros »

emily

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7744 on: July 16, 2017, 08:28:30 PM »
If Berkowitz/Paulson/Ackman sold, would we not have known by now in the filings?

Quote
Of course, there is always the possibility most have reduced or sold off after the initial run that ended in mid. February when things were still foggy.

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7745 on: July 16, 2017, 08:40:14 PM »
If Berkowitz/Paulson/Ackman sold, would we not have known by now in the filings?

Quote
Of course, there is always the possibility most have reduced or sold off after the initial run that ended in mid. February when things were still foggy.
Yes.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7746 on: July 17, 2017, 12:19:00 PM »
Perry vs. Mnuchin, decided February 21st, reissued today...

https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf
You are willing to give your life, if necessary, to protect a stranger... me, my bride, each one of our children. For that I thank you every single day, veterans. And I consider you a friend. "Greater love has no one than this, that someone lay down his life for his friends." John 15:13

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7747 on: July 17, 2017, 12:23:44 PM »
Perry vs. Mnuchin, decided February 21st, reissued today...

https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf

what's the point in reissuing?  rub more salt in the wound they opened? 

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7748 on: July 17, 2017, 12:31:04 PM »
Perry vs. Mnuchin, decided February 21st, reissued today...

https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf

what's the point in reissuing?  rub more salt in the wound they opened?

 adam spittler‏ @aspit 1m1 minute ago

Perry court re-issue removes language of damage calculation based on date of purchase, now damages fully transfer from Par.  $fnma $fmcc
You are willing to give your life, if necessary, to protect a stranger... me, my bride, each one of our children. For that I thank you every single day, veterans. And I consider you a friend. "Greater love has no one than this, that someone lay down his life for his friends." John 15:13

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7749 on: July 17, 2017, 12:50:44 PM »
Perry vs. Mnuchin, decided February 21st, reissued today...

https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf

what's the point in reissuing?  rub more salt in the wound they opened?

 adam spittler‏ @aspit 1m1 minute ago

Perry court re-issue removes language of damage calculation based on date of purchase, now damages fully transfer from Par.  $fnma $fmcc
I thought this would be good news?