Fannie Mae (QB) (FNMA) Quote

Would be nice to have a shareholder as Treasury secretary.

It is the same person.

https://www.fdic.gov/about/jonathan-mckernan

Jonathan McKernan was sworn in as a member of the Board of Directors on January 5, 2023. Mr. McKernan previously was a Counsel to Ranking Member Pat Toomey (R-PA) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs. He also has served as a Senior Counsel at the Federal Housing Finance Agency, a Senior Policy Advisor at the Department of the Treasury, and a Senior Financial Policy Advisor to Senator Bob Corker (R-TN).

Prior to his government service, Mr. McKernan was an attorney in private practice focused on matters under the banking and consumer financial laws.

From November 2023 to May 2024, Director McKernan served as co–chairman of a Special Committee of the Board that oversaw an independent third-party review of allegations of sexual harassment and professional misconduct at the FDIC, as well as issues relating to the FDIC’s workplace culture.

Mr. McKernan holds a Bachelor of Arts and Master of Arts in economics from the University of Tennessee and a Juris Doctor with High Honors from the Duke University School of Law.

I know, I know! Some people that bought cheaper sold for beer 🍺 and pizza 🍕 $$$

folks just ignore whatever analysts say about their target price stupidity. Last time all analysts said MU stock is going from $120 to $200 and after that the stock went to $90. I think what they do is "Short and Distort" in other words take opposite trade than what they say. We recently had some dumb ass analysts target if $3 and $4.  They are full of BS estimates and they are trading against what they predict. In other other words you can take their predictions and shove them down the toilette. If follow their predictions you will loose money.
Be carsfull there is a lot off Con artists in Wallstreet. Who will mislead about most stocks.
GLTA.

There appears to be two Jonathan McKernans. One FHFA just hired that has the worst possible resume (worked for Corker) and another from FDIC who appears to be a perfect pick from shareholders' point of view.

John McKernan may be tapped for FHFA, he doesn’t look very experienced in the Housing Market. Maybe that would be a good thing. Trump is planning to shutdown FHFA and doesn't want to waste any talent on a dead appointment. All he needs is a yes man.

https://www.fdic.gov/news/speeches/2023/spjul2723c.html

Trump readies shortlist for financial agencies (FHFA)

By Liz Hoffman & Rachel Witkowski
Nov 19, 2024, 9:28am PST

THE SCOOP

The Donald Trump team is building its list of candidates to run financial regulatory agencies, people familiar with the process said.

Whoever runs the slew of federal overseers will be in charge of expected attempts to rollback some consumer protections and capital regulations for big banks, and potentially a long-awaited overhaul of the nation’s mortgage system.

Jonathan McKernan, one of two current Republicans on the FDIC board,
may be tapped for the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, the people said.

Getting the two mortgage giants out of government conservatorship, where they’ve been since 2008, and back into shareholders’ hands has been a long-time goal of conservatives.

The combined agencies have about half the $300 billion in capital that the Biden administration said they need to go public, though a Trump appointee could waive that.

Thank God it’s not Calabria!!!!!

Trump readies shortlist - Jonathan McKernan may be tapped for the FHFA.

https://x.com/investit3/status/1859416286641434854?s=46&t=L_hszGlrG7Qfo9Ksmln_mQ

https://www.fhfa.gov/news/news-release/fhfa-announces-key-hires-0

I say green tomorrow!

Me too

Good thing this is no longer a political trade. The election is over and so we get to see an administration come in next year who is supportive of recap and release take over

Plan accordingly

Well well well. https://x.com/investit3/status/1859416286641434854?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

Aahhh, now I see. Still hoping for the best.

Am not going to go thru all of today's posts, but to anyone who may have said that this tank job was good and/or necessary is a POS. This day sucked.

I guess you just skip over my post. 

I put this out earlier today.



Sen. Hagerty in consideration for Treasury  




"Conservatorship Exit: Sen. Bill Hagerty (R-TN) was the sole senator to bring up the GSE conservatorship. Hagerty urged Thompson to work with Treasury Secretary Janet Yellen and “continue the work that was begun by former FHFA Director Calabria to raise private capital and return Fannie Mae and Freddie Mac to the private markets.” 




https://www.crefc.org/cre/content/News/Items/advocacy-items/Senate_Banking_Hearing_with_FHFA_Director.aspx

Bill Hagerty

https://x.com/MustardNoMayo/status/1859319453567287315?t=vC1mTXzoJgRmCyM1XWAkzQ&s=19

A source familiar with the Trump transition called Rowan “the thoroughbred who is making a big run,” adding that his leading the Treasury Department “would send a strong signal and inspire confidence in the capital markets.”“Wall Street thinks, ‘Oh my God, that would be unbelievable,’” the source said. “He built a significant business. He’s a CEO. He’s recognized around the globe as an expert on financial markets.”

Who does everyone like for Treasury Secretary out of the remaining frontrunners?

Yugely yuge bigly big news.

Wow only worth $200B? Oh well.

Wow only worth $200B? Oh well.

This stock still under clear manipulation....

https://x.com/Alec_Mazo/status/1859344065738776698?t=iGgFvx57B2BwObQULfBITQ&s=19

https://x.com/Ny1david/status/1859361514987065731?t=cpU3TqGhJKhnQ3DtxReZRg&s=19

Trump’s hunt for Treasury secretary nears end (https://thehill.com/newsletters/business-economy/5001115-trumps-treasury-search/):

Sources familiar with the process told The Hill that a pick for Treasury is on track to be sorted out by this week.



Apollo Global Management co-founder Marc Rowan and Kevin Warsh, a former member of the Federal Reserve Board of Governors, have emerged as front-runners, as well as Key Square Group founder Scott Bessent.

What were you in that lost 30% today?

(Today) search 13th Annual AEI Housing Center conference resumes Thursday 2 day event

When is this from?

I like our chances better with the convicted convict then dementia crooked Joe or the hackling nitwit.. and so does the market

Temporary breaches are possible but The Wall did not Fall.

Returning to the line of scrimmage.

relax...

Great. Thanks Mike. Really enjoying the 30% drop today. How about you STFU.

No worries just ask the " faithful" here who live on hopes and dreams of a wanna be dictator convict. Here are some popular ones. Shorts attacked, Hedgies manipulate, RSI way too high, Just wait till the TS is picked by the great pumpkin, downgrade by KBW or someone else who doesn't matter, great time to buy, thanks for the gift, and the reality is...no one has a clue here. They never have and they never will. It's a board living in a bubble for over 15 years now. If you're smart you will ignore the board and do your own DD. Buy low and sell 1/2 when it doubles. Sit on free shares and then none of it matters. Cause it really doesn't matter at all unless you make it matter. 🫨

The company gave away the Senior Preferred Stock for free along with the 79.9 % warrants to be purchased at a nominal price. The Treasury did not pay to the company a billon dollars.

Quote: “We did not receive any cash proceeds from Treasury at the time the senior preferred stock or the warrant was issued.” End of Quote
page 25 Form 10K December 31, 2008

link: https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#304;;;

Senior preferred 1,000
Page 143

Quote: “If the warrant is exercised, the stated value of the common stock issued will be reclassified as “Common stock” in our consolidated balance sheet. Because the warrant’s exercise price of $0.00001 per share is considered non-substantive (compared to the market price of our common stock), the warrant was evaluated based on its substance rather than its form.” End of Quote

Page F 10

https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#304;

GSE NEWS - Mike Calhoun - Center for Responsible Lending ...

Mike Calhoun, president of the Center for Responsible Lending

speaking at 13th Annual AEI Housing Center conference

"I, along with a good number of people believe that the GSEs

will be released from conservatorship...the market is betting

pretty heavy that will happen. One of the leading proposals that

we support is that a utility and range of return. The stock rights are

generally viewed as being worth something in the range of $200 billion

dollars. So a lot of people are eyeing that as it's use to pay for the

reconciliation. In our view, all of that money came out of the housing

market." It needs to remain in the housing eco system.

I am really just pissed as hell right now, and not seeing the light at the end of the tunnel.

Hey Tim Pagliara,
Your wife’s boyfriend holds Comms.

Oh, is that right?
Please cite some of your banker buddies which could make this believable.

The market forces overwhelmed the long term investors.

we all knew this was coming or should have

banksters will not give up the "whack a mole" game with GSE prices

until the very last minute

The real deal of news won't happen for 2 months from now and after new admin starts-I would welcome sooner but they will keep the info away from the existing admin

staying above 3 would be nice or even higher and it would be higher except the banksters won't allow it.

Can't wait for new Admin and real news that will be a catalyst they cannot control anymore

Go FnF

I hope the shorties burn and go bk like the GameStop shorts from a few years ago

I guess you didn't notice how
FNMA and FMCC pulled off
their lows like they touched
a hot stove - idiot

Coward turned off responses. Is there any bigger sign of being a wimp than that? Hahaha

We hit 3.65, there is no wall. Delayed sell orders timed with the release of several hit pieces is what happened. It took hedgies 2 weeks to to save up enough sell orders for this attack and they couldn’t even keep it under 3. As I posted months ago, this is a swing trader’s 💦dream. Higher Highs and Higher Lows for the next 2 weeks.

Tomboy won’t allow responses so he has no clue what anyone thinks. He also is clueless on HERA and still thinks GSEs owe money. His opinion is completely wrong or at least very bias and one side

Yes, .40 cent drop. Can't wait for the justification from the braniacs here.
I will go out on a limb and suggest that they have not an explanation which makes one iota of sense.

Hint - At least it’s not the word salad heckling puppet. Lol

Tim Pagliara
https://x.com/timpagliara/status/1859340965699269117?s=46&t=L_hszGlrG7Qfo9Ksmln_mQ