Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 1467185 times)

Eye4Valu

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7750 on: July 14, 2017, 09:26:09 PM »
Come on now, Mnuchin and Watt are calling the shots. They'll be forced to resolve this. Doesn't hurt to have Sweeney, SCOTUS, U.S. District Court/Apellate cases and Delaware as optionality. Trump card is they're hard to replace. Everything else is just hearsay. Word to your mother!


cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7751 on: July 15, 2017, 10:16:18 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

SnarkyPuppy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7752 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 #7753 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 #7754 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 #7755 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 #7756 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 #7757 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 #7758 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
"The crown that showed no dignity he wore. And the king was placed for all the world to show disgrace but only beauty flowed from this place." -Jeremy Camp https://www.youtube.com/watch?v=YPzHvCrrG3k

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #7759 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?