Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3877984 times)

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14610 on: February 13, 2020, 01:42:25 PM »
thanks cherzeca. its not obvious to me at all why SC will rule CFPB unconstitutional, when en banc upheld constitutionality 7-3 (not even close), overruling kavanaugh's opinion. can you pls elaborate?

dc circuit 9th circuit very liberal.  warren-ites.  calling CFPB unconstitutionally structured at scotus is an easy call imo.  remember 12-4 in 5th C that fhfa is unconstitutionally structured.  likely 5-4 in scotus, maybe kagan makes it 6-3

edit:  Seila is coming to scotus from 9th circuit.  also very liberal.  my bad
« Last Edit: February 13, 2020, 02:22:56 PM by cherzeca »


hardincap

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14611 on: February 13, 2020, 02:04:05 PM »
thanks cherzeca. its not obvious to me at all why SC will rule CFPB unconstitutional, when en banc upheld constitutionality 7-3 (not even close), overruling kavanaugh's opinion. can you pls elaborate?

dc circuit very liberal.  warren-ites.  calling CFPB unconstitutionally structured at scotus is an easy call imo.  remember 12-4 in 5th C that fhfa is unconstitutionally structured.  likely 5-4 in scotus, maybe kagan makes it 6-3

you're counting kavanaugh, but its very possible he'll recuse himself right?

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14612 on: February 13, 2020, 02:20:28 PM »
thanks cherzeca. its not obvious to me at all why SC will rule CFPB unconstitutional, when en banc upheld constitutionality 7-3 (not even close), overruling kavanaugh's opinion. can you pls elaborate?

dc circuit very liberal.  warren-ites.  calling CFPB unconstitutionally structured at scotus is an easy call imo.  remember 12-4 in 5th C that fhfa is unconstitutionally structured.  likely 5-4 in scotus, maybe kagan makes it 6-3

you're counting kavanaugh, but its very possible he'll recuse himself right?

good god no!  seila is up to scotus from 9th circuit.  kavanugh has had zero participation in seila and has absolutely no reason to recuse


cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14614 on: February 13, 2020, 02:43:17 PM »
https://www.cnbc.com/2019/12/17/progressives-demand-kavanaugh-recuse-from-cfpb-supreme-court-case.html

lets hope not

impartiality has a precise meaning.  this stupid "progressive" proposal is a dead dog, and dead dogs dont hunt

Sunrider

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Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14616 on: February 14, 2020, 06:57:42 AM »
https://twitter.com/ACGAnalytics/status/1228327427828518914
Q4 2019 earnings for Fannie and Freddie accelerate #GSE reform timeline. #ACGAResearch

Timeline attached...
"You spoke a word and life began, told oceans where to start and where to end. You set in motion time and space, still You come and You call to me by name."  Stars by Skillet. Listen here: https://www.youtube.com/watch?v=TbLJyjfyACM

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14617 on: February 14, 2020, 10:49:01 AM »
Interesting... FHFA renames the "Division of Conservatorship" to the "Division of Resolutions"
https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Realignment-of-its-Agency-Structure.aspx

https://twitter.com/IMFpubs/status/1228387178239033344
In a structural revamp, FHFA’s Division of Conservatorship will be renamed the Division of Resolutions, and will continue to prepare the GSEs for exit from conservatorship. But it will also work on developing post-conservatorship structures and tools. https://www.insidemortgagefinance.com/articles/217075-fhfa-adds-three-new-divisions?v=preview

Emphasis added in bold is mine.
"You spoke a word and life began, told oceans where to start and where to end. You set in motion time and space, still You come and You call to me by name."  Stars by Skillet. Listen here: https://www.youtube.com/watch?v=TbLJyjfyACM

emily

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14618 on: February 15, 2020, 07:52:00 AM »
Can someone explain me that a 10 billion write off last quarter was expected  but was only 1.1 billion  and that it significantly alters all the models? CECL? How does it affect share price for both preferreds and commons? It is on google board (Earnings Thursday February 13, 2020 topic) but I don’t get any of it.


investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14619 on: February 18, 2020, 07:18:12 AM »
rule of law guy's latest:  https://seekingalpha.com/article/4324008-for-fannie-and-freddie-shareholders-road-to-litigation-settlement-runs-through-seila

Thank you.

Is the SC more conservative than the 5th circuit en banc (7-9 outcome)?

For a non-lawyer, the retrospective relief sounds somewhat arbitrary on what it applies to and could make for messier legal outcomes regarding other random decisions the cfpb / fhfa have made in recent years?