FNMA and FMCC preferreds. In search of the elusive 10 bagger.

[allnatural]

Re: Collins you have it backwards. There are 2 scenarios here:

1) Collins case is dropped (as a result of PSPA amendment and/or settlement). Calabria's job would be safe until this issue is re-litigated by Biden back to SCOTUS (probably sometime in 2022 as it would have to make its way through the DC circuit first).
2) Collins case isn't dropped (no PSPA/settlement). Calabria will be removable by Biden as soon as the Collins ruling is released (May-June).

As you can see the Admin and Calabria have a large incentive to get rid of the Collins case during the lame duck. Regardless, the earliest Calabria gets removed is May/June, and potentially into 2022 if the Collins case goes away shortly (by giving shareholders the remedy they desire via a PSPA amendment).

They waited until the last possible day for the letter agreement.  January is likely the decision point on whether a 4th amendment occurs.

From commentary on this board it appears the Collins case probably needs to go ahead on Dec 9 to avoid a quick firing of Calabria at will soon after Biden's inauguration.

[COBFInfinity]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

[typicalvalue]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Could be this by Ackman (it's recommending commons but as a side effect on the pfds)?

https://www.youtube.com/watch?v=_UAprkduLoo

Btw don't know how he arrives at his target given the insurmountable amount of capital needed

[COBFInfinity]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Someone is hitting most of these bids. Someone else wants to get out. That's what makes a market, I guess.

[typicalvalue]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Someone is hitting most of these bids. Someone else wants to get out. That's what makes a market, I guess.

There are a lot of trapped longs on this trade, its not a surprising  behaviour that are exiting once they reach BE or at small loss.

[Luke 5:32]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

That's only about $500,000.  Irrelevant, IMO.

[typicalvalue]

Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

That's only about $500,000.  Irrelevant, IMO.

Any news on the PSPA timing? Have you spoken with your source? Thx Luke

[Luke 5:32]

Any news on the PSPA timing? Have you spoken with your source? Thx Luke

Haven't received an update, so previous stance of highly confident PSPA by Inauguration is probably still my source's view.

[Luke 5:32]

https://twitter.com/SalehaMohsin/status/1333425021700730883
Mnuchin testifies twice this week:
- Tomorrow, 10am before Senate banking
- Wednesday 10am before House financial services
Per @USTreasury public engagements calendar

[orthopa]

https://twitter.com/SalehaMohsin/status/1333425021700730883
Mnuchin testifies twice this week:
- Tomorrow, 10am before Senate banking
- Wednesday 10am before House financial services
Per @USTreasury public engagements calendar

It looks like this is regarding CARES with Powell. I would not be surprised to see someone on the committee (warner) ask about the GSEs with his letter out there needing a response. Expections for anything in the near term before wed should be low.