Common Shares Still Getting Diluted Down to Nill

[Pack a Baggie]

no matter what scenario plays out. Looks like preferred shares will get 40 to 50 cents on the dollar. 

Ackman very smart to sell off his commons and buy preferred. At least Ackman will break even on a terrible trade that sent many a great hedge fund belly up.

Perry Capital shareholders will be very happy to finally get some of there money back.

And now we move on to Pacific Gas! Come on Baby! Let's make some money!

[SimSla]

Take a hike!!!

[Jeff Wood]

Commons will hit $5 before the end of February

[joseph s]

Dont be sore because you sold. Even terrible traders get lucky sometimes. You will find a good one that you hold eventually, baggie....

Not a recco

[neo]

Specifically which hedge funds have gone belly up on commons?

[joseph s]

Lol. I am so good at ignoring him that missed the belly up, part.

Not one fund has went belly up due to this trade.

Not one Closing a fund for a myriad of reasons is not belly up....

[joseph s]

What I meant to say in the last sentence is:

Yes. Funds have closed that owned common and/or preferred.

But. Stating that they closed because they owned fnf stock is like saying that if the NFC wins the Super Bowl, the stock mkt will surely rise.

[Pack a Baggie]

Even a Carlyle Group fund closed specifically over their Fannie investment. That should tell you all you need to know about the chances here. That being said, it isn't that embarrassing to have lost money on this disaster.

[SimSla]

Get lost

[joseph s]

Please link something showing this. I do not believe that this is true. Don't worry about your losses.

I have gains in the realm of over 7x thus far on the totality of my shares.

Too bad you lost....

Not a recco

[Pack a Baggie]

just google search "carlyle fannie loss"

Fun trade. I think Mnuchin was pumping Fannie so that his buddies could dump it or at least he can shrug his shoulders after 4 years and say, "it's washington, I tried, sorry"

[joseph s]

I found nothing intimating a closure due to losses on fnf.

https://www.seattletimes.com/business/claren-road-hedge-fund-firm-hit-hard-on-fannie-freddie-news/

You are not being honest. Post a link.

Not a recco

To bad you didn't have the cajones to hold this thru the ups and downs.

I feel no sorrow for your poor choices.

[neo]

This from a markerwatch story I found on Google today... many conflicting stories out there...

“The 2008 law that put Fannie and Freddie into conservatorship in the first place specifies that the two companies must technically be liquidated if they are to exit government control, according to Karen Shaw Petrou, who runs financial services advisory Federal Financial Analytics. But as to what happens next, and whether the housing finance system is still underpinned by the powerful twins, is the biggest question facing the market right now.”

[Jeff Wood]

[neo]

Somebody please put that question to Tim Howard... is Petrou correct that technically the GSEs need to be liquidated to exit c’ahip.... I seem to remember doing some research on her and her firm and finding some fishy connections that make me doubt her motives in regards to the GSE’s

[Jeff Wood]

The GSEs cannot be liquidated without the US adding $5 Trillion (with a T) to the debt. That will never happen. That is why we are in the situation we are in. The government cannot liquidate us, cannot assimilate us, and cannot let us go without massive political consequences that no politician wants to face. We will stay in Limbo eternally until some politician, or judge, finds the balls (or promised contributions) to change the status quo.

My bet is on the judges. Till then, I will attempt to make money on the bounce(s).

GLTA

[Chris Roberts]

There was a lot of misinformation back then. Many then and some still do, refer to the companies having been put in r-ship.

I think Mark Calabria and the Judge in Collins know a thing or two more about c-ship than this Petrou.  I wouldn't waste Tim's time on this question and would not lose any sleep.

You've been spending too much time on iHub I fear.

Chris

[neo]

https://www.marketwatch.com/story/as-fannie-freddie-reform-gets-underway-here-are-the-three-big-questions-for-the-housing-market-2019-01-29

That is the link for the entire Marketwatch article... and I haven’t read anything on iHub in months and no longer visit that site....

[Chris Roberts]

They put a link to HERA in there.  So, I went into it so you wouldn't have to.

Some articles still talk about r-ship and this one might suggest it also.  From what I read, they liquidate under r-ship.  Great.

I think you should sell all your position then, if you think at this late date, that r-ship is an option.  To me, with the NWS, they basically said you can never go into r-ship b/c we are always behind you; interesting that the NWS actually protected us, huh.  Now, after the gains and tipped to huge profit, they could some how come up with a reason for r-ship?

If you took the time to read HERA it also says that r-ship is used if the director deems it required.  That would be a hard one to sell or prove.

Lastly, the only way the government does see a profit in this investment, post-NWS, is by selling the common stock via the warrants.  It's up to them to decide how to recap, but the common will do fine, IMO.

R-ship was off the table so long ago.

[Pack a Baggie]

Otting said, '6 to 18 months to figure out how much capital they have to retain' 

Hit the bid

[Jeff Wood]

I did a simple search for "liquid" in the text of the law and didn't find anything along those lines. That doesn't mean it isn't there.

https://www.congress.gov/bill/110th-congress/house-bill/3221/text

What is Federal Financial Services? It sounds like a big bank institution, but there wasn't much information on the web site.

If this "must technically be liquidated" thing is true, the pending lawsuits may have a stunning wake up call coming. But I cannot imagine something like this showing up 10 years later and no previously noticed.

[Chris Roberts]

Spotting a hit-piece is easy. Ms. Petrou also says 3-4% is "way too low" - even trumping Zandi who thinks 3-4 is enough (and Tim thinks 3-4% is way too high).

Zandi agrees. Under various stress test scenarios, he said, 3% to 4% of the enterprises’ assets would enable them to “easily digest what happened in the housing crisis.”

But for many housing-watchers, like Petrou, that’s, in her words, “way too low.”

Fannie and Freddie together have $5.4 trillion of assets, also known as their “book of business.” As Petrou points out, “the least the largest banks may hold is 5%.” Given their immense size, Petrou thinks regulators would do well to consider Fannie and Freddie in the same light as what are often called the “globally systemic important banks.”

On Wednesday, January 30, 2019 at 7:31:42 AM UTC-6, Chris Roberts wrote:

[Jeff Wood]

Agree with Chris. This is a hit piece from JP Morgan Chase and friends. Ignore it.

[Chris Roberts]

Bought 5k FNMA at 2.12 this morning.

SO much for your hit-the-bid.

Thanks for the fish.

Chris

[neo]

I already previously said this lady is suspect as to her motives... Just haven’t had much time to do much research my current contract is ending I’m in the middle of looking for a new job... thanks for looking into it further... I’m also walking wounded right now going through physical therapy... I just had rotator cuff surgery

[Chris Roberts]

There is a cabal out there.

Carney, Joe Light, and Zandi and Petrou and the "Dayen" (sp.) from some conservative think-tank.

All on the take.

Of course, our side has Glen Bradford :)

[neo]

If I’m not mistaken my previous look into Petrou revealed she does a lot of consulting or business with the Federal govt and someone she’s married to or was married to is in the GSEhater group ... I have to dig up my old notes but her and her mate or former mate don’t use the same name...They are both connected in DC And are heavy hitters in the financial world that’s why I wondered if her statement in the market watch article could possibly be true....

I completely understand that the GSE’s are not in receivership and that it is not anywhere near likely they will be put there, but these legal documents are not easy to decipher and the truth is I would only trust a lawyer who is directly advising me on the exact details not anyone posting on a message board even though we are all intelligent diligent and following this ordeal closely.... However, since Bryndon Fisher and Chris Roberts were/are directly involved in lawsuits and have had some legal counsel these may be exceptions to my previously stated rule

[Letgoofmyfannie]

Hey! You've got Musical Journalist Blind Sheep Investor too, he's made many reports lo these many years, for example this Opinion Piece regarding one of the aforementioned Cabal. I er he even dresses like a Reporter, note the same type of hat as Matt Drudge, that's a dead giveaway:

JOHN CARNEY'S GSE BLARNEY 

https://www.youtube.com/watch?v=3cmOFQYy2Jo 

John Carney is a financial reporter 

Writes a column for the W S J… 

John writes about Fan & Fred in the W S J 

Never says nothin’ nice ‘bout Fan & Fred 

Nothin’ nice to say in the W S J… 

Fan and Fred didn’t need a government bailout. 

Forced to take worst-case book-loss scenario 

One no financial institution could meet, 

No financial institution could possibly meet… 

A forced worst-case book-loss scenario 

Strange $50 Billion in Deferred Tax Assets 

Warn’t considered when Treasury forced the bailouts. 

Fan and Fred weren’t given prior notice 

To replenish their position from open market, 

They coulda replenished their position with no bailout... 

Net Worth Sweep is an Illegal Taking 

Of private property against the 5th Amendment. 

GSEs didn’t cause the housing crisis, 

Too Big To Fail banks were the major causes, 

Big banks makin’ no doc loans. 

Our GSE model is a proven one 

and they’re cost efficient too, 

Ensure liquidity and low mortgage rates 

To millions of US homes for many years, 

Made millions of Americans homeowners too. 

All Carney does is shout “tsk tsk” 

Over "lobbying" & "someone making a profit" 

John oughta consider investors invested in the GSEs 

Before and during the housing crisis 

Before during and after the housing crisis 

yeah 

[seysmont]

There is always something with these people at the end of the month when there was a move up. They have to talk down the stocks. It's as if someone is short, but there is no short interest on preferreds or common to justify that.

And here comes a speculation. What if some self clearing firm just sells the stocks on OTC and claims sales as revenue and doesn't report it's position, which is possible on OTC. It sounds idiotic, but I'm looking at Bridgewater, and it's one weird fund. I don't get how they made 15% on their "risk pairity" strategy last year. I also don't get why they hold mostly ETFs. A lot of things I don't get. What I do get is they are very well connected and they self clear everything. And they employ all government people at some point. And if you read Ray Dalio's essays, it's its lol. Maybe they just raise capital by selling GSE's common/preferreds and whatever else they can sell on OTC in size and report sales. They self clear, never really have to face margin calls, because they sell some other crap, and it goes on. That would be something that Bridgewater would be able to do. It's like a Ponzi scheme with not reporting liabilities and just selling unreportable stocks in bulk to book sales as profit. It's a speculation, but at this point I really don't see anyone caring about share price expect someone who is actually short them in bulk, which is impossible based on reported short interest.

[yi....@gmail.com]

does anyone know if this is a credible figures?

https://www.otcshortreport.com/company/FNMA

[seysmont]

You have to mark orders short. The marked orders are added to the statistics of short volume. You have to mark it as sell or short with more advanced systems and sell also goes off. That sell would be of the stock not borrowed nor shorted, just a sale. Bridgewater self clears and it has captured regulators. So who knows what they do or don't have. When there was an uptick rule, I could buy married puts (bullets) and sell against them without any marking until they got outlawed. In some places they had Puerto Rican bullets, it's when you sell first and post a bullet later. My place forced me to buy them ahead, but it was pure greed on their part. That btw was Madoff exception lol. Madoff allowed/lobbied bullets when he was at NASDAQ. It's all book entry anyway, so for all you know it just nets out on book entries across self clearing firms and its good enough. There is a reason law enforcement people work at Bridgewater between government jobs.

[seysmont]

I don't remember the details, but Joe Jett at Kidder was running a settlement scam with Treasuries where he was accruing daily profits on recognizing different settlement on Kidder's system, it was a big thing in early 90s. They accidentally caught him when something else imploded. 

On Wednesday, January 30, 2019 at 5:04:53 PM UTC-5, yi....@gmail.com wrote: