Federal National Mortgage Association (PK) (FNMFO) Quote

Have not seen it.

sure accept i didnt ask you to buy it, nor do i expect u to buy into anything KTClown Circus that has been wrong for years, but many migrate there cause they put so much time and detail into their deception. All scare tactics, deception, and receivership nonsense, and never do they point to the law, HERA. cause if they did their whole ding a ling circus would be shut down.

Feel sorry for the fools who have been selling.

Why is Freddie trading higher than Fannie most of today?

For some reason, the comments cannot be seen. I added Fiderer's thread in the comment section. It lists 1 comment, but it can't be read. Quite possible others commented too.

My comment:
https://x.com/Ny1david/status/1795805275758215403

You're the best, continue to stay "in-bbbbed".
FNMA

One other thing that I think you are misunderstanding: I think Treasury will end up with 80-99.9% of the final share count, i.e. after considering a junior-to-common conversion and capital raise.

I think this is the fundamental difference in theories. It's going to be exceedingly difficult to raise large amounts of capital if new investors are getting such a small piece of the pie. And it makes a huge difference between 80% and 95%. At only 5% shareholder owned, how much equity can they possibly raise? Forget about 99.9% - i.e. if it's 0.1% shareholder owned, they ain't raising squat.

Your self-proclaimed "made up" scenario had Treasury only end up with just over 50% of the final share count, which would be an enormous haircut to their LP. I don't see that as realistic.

Well the good news is, when it comes to made-up scenarios, we can plug in whatever number and not worry about probabilities. If I use the 79.9% scenario at the lowest end of your range, roughly the numbers would be:
- Commons 1.158B shares
- Treasury Warrants - 20B shares
- JPS converted to common - 3.85B shares
- Total share count ~25B shares

This means Treasury ends up with 79.9% of the final share count. If I set the market cap to $222.336B ($16/shr x PE 12 - just speculation of what it may be in the next 1-3 years), then each Common share is worth roughly $8.89. JPS would get PAR, Treasury would be sitting on $178B worth of equity, which is still a haircut for them because they would have to take 100%+ of the equity to realize their full LP value.

Of course, you are going to tell me I forgot about a secondary capital raise. No, but I can add that in and run the numbers again. So can you. The point is, Treasury will have a massive challenge dumping its 20B shares. They will likely be fine not getting the $8.89 and could sell it at a discount. Which means a drop in SP, which means your JPS converted Common Shares are not going above PAR anytime soon in this scenario, let alone if the GSEs need to raise an additional $50-100B of capital. There isn't enough stuffing in the pie with the fat kid named "Treasury" sitting at the table and engaged in gluttony.

Which means - this is not the easiest way to release and get them above the capital thresholds.

What on earth does stealing equity even mean? Is this yet another accusation of illegality with no intention to file a lawsuit?

Stealing equity - as in the NWS, and the ongoing sweep into the LP. The equity in the LP got there from one-sided contracts. If this gets amended or updated, it would be beneficial to a release scenario.

He doesn’t work for the government

Why do we only see positive statement gains but never losses from the dishonorably discharged?

Learn to embed moron.

You are seriously pathetic watching youtube and porn all day.

That's a theory all right, just not buying it.

This JUST IN! A one month old video about the GSE Conservatorship with only 25 views, no likes, and one comment.

The truth is told in the ratio. Don't be shy!
Watch on YouTube to comment and no like. https://youtu.be/x1vTl_oQ71w?si=1s8bgTT92YFDVM_t
$FMCC~ $FNMA~

Putting words in my mouth again, I see. I didn't say someone needs to file a lawsuit to invest. I said they need to file a lawsuit if they want a new and specific legal theory to be pursued, such as the supposedly illegality of the SPSPAs given language in those and the charters about fees.

Umm, I believe the phrase you use is "file your own lawsuit or shut up?" You conveniently left your auto-signature out on this reply, but we all know the phrase. I am not putting words into your mouth - AT ALL. You want to silence people who have valid points, just because they aren't taking legal action. RIDICULUOUS!!!!

Not necessarily. If the juniors are exchanged for commons then the par "cap" disappears, in addition to diluting the commons even more.

So I think the order of operations is important here. You are saying you believe the JPS will get converted after or at the same time as all conversions and secondary offerings. No dilution for your converted Commons, all dilution must occur prior to your JPS becoming Common? There will not be any phased approach? The GSEs will not have any authorized Capital stock to issue upon emergence from Conservatorship that would dilute your position? If so, based on what information?

That's why Treasury only negotiated with the juniors in late 2020, and why the juniors were able to kill the conversion.

I think you are cherry-picking facts and then extrapolating to fit your narrative again. You are basically saying that you, and you alone, know why the 2020 release plan was scrapped. And you are telling us it's solely because the "juniors were able to kill the conversation." Ummm... Would you like to clarify if that is hard fact, or your opinion? Again, you should learn to embrace the phrase "I don't know." You literally have no clue why Treasury didn't move forward with the 2020 plan, neither does anyone on this board.

Wrong. A junior pref wipeout would require either receivership or specific Congressional action.

But, but, but... "A Conservatorship is effectively an administrative receivership"... LOL! You talk in circles. But I agree with the near zero percent chance of this happening.

Just as much as he is. Ackman's involvement with the new government is extremely overblown.

Yah, sure. You are just as knowledgeable and involved as Ackman on the GSEs. This opinion I'll let slide, as you are entitled to believe in yourself.

Lol, noted. Why not just post $2.24 pps, knowing that was current LOD and would bounce higher for now. 🤔

Been buying in dribs and drabs over the last few weeks, got a low-ball buy order in today for some FNMA

No huge volume in my recent purchases, since I'm still way up on my FMCC despite the recent pullback. Don't want to lower my cost average too much. My strategy is to trade Fannie and accumulate Freddie, and wait for the Trump Administration to work its magic.

GLTA

EOY quarterly OPEX is tomorrow, its always unpredictable, everywhere. wash sales, reconciliation period, and margin manipulation everywhere.

It's those pesky market makers again! never mind there's no path to ending conservatorship or that a jury verdict from August 2023 hasn't been certified or that the salient documents dating back to 2008-2012 likely don't exist any more! It's those crazy MM's!

Well went ahead and bought a few thousand more at $2.25. Why not I’ve already tied my financial well-being to this boat

Sucks to be in your boots or shoes or whatever you’re wearing

Whacko’s still don’t get it!

Yeah, that 3:10 to Yuma derailed. Even all those goofy 🤪 emojis can't help. 🤙🤯

I think you mean Monday.

Market maker take your lunch money

No YUMA for you

Internet up today, L2 indicates major share dump. FMCC AT THE $2.29 RANGE.

Getting worse my GSE Bros

FAKE NEWS - you gotta understand the criminal manipulated OTC

NUFF SAID

Ya gotta understand that too many shares and too few buyers cause pps to go down. Always stories about MMs and shorts causing pps decrease, face the truth, too many shares being dumped.

NUF SAID.

Sell and go away hahaha

Market maker gladly eat your shares

FMCC DOWN AT $2.38 RANGE, FAT LADY GETTING READY TO SING

I recall all the post of buy buy buy when pps was $.50 higher

I’ll help you with meaning of Next: not current, and in the future.

https://x.com/GuidoPerei/status/1873740275383943496

the full - complete - details of a RELEASE are way too fuzzy IMO to know

but yes I agree that this step is possible - at any point in times

"The Gov will write off the LP of 200 billion"

THAT - the write off - is the key
Saying we will be released IMO is valuable and will IMO move PPS but it is super incomplete without our knowing the 200B LP is dead -- that is the monster right in front of our face --- that is the potential dilution of huge size and worse

So that write down - that step IMO is worth a bunch

which next case ("next cases" ---- is there even one that is moving up the line ?

I have not seen any new case talked about here ?

I am not sure how the cases were P focused v equity focused - at their core.

And yes - an executive order would be great ----

I suggest that Treasury does not need HERA or anything more than POTUS agreement to kill the 200B

And after that --- which doubles or triples PPS - HERA may have enough in it for next steps --- or we may need Congress - but while sitting at say 7-8 dollars a share

Please yellow sticky.

Very funny!

Have you seen that movie North by Northwest? Reminds me of that tunnel scene.

Finally, a cheerleader that is worth a squirt

$FMCC~ $FNMA~

I’m seeing $2.27 by Friday.
Get your eyes checked.

I think I can, I think I can, I think I can...
$FMCC~ $FNMA~

Know what you own:
https://www.readyratios.com/sec/rating-assets/

Finally, a cheerleader that is worth a squirt of piss has arrived. Thank you for that.

David Fiderer was right about Whalen a long time ago…. https://www.fidererongses.com/blog/params/post/1043010/gse-critics-ignore-credit-market-data

What? Are you getting a raise from
$1.99/hr. to $2.27/hr. for picking up
shopping carts at Krogers.? You deserve it,
Lil Feller

Fannie Mae - All The Way
Freddie Mac - Load Up and Don't Even Think About Looking Back
For Monday 12/30
Break Out Imminent - Push Open The Door
Rally Like Never Before
RALLY SALLY - PUMP - BASHERS ARE LOOSERS

I’m seeing $2.27 by Friday.

A pessimist sees a dark tunnel, an optimist sees a light at the end of the tunnel.
A realist sees a freight train and the train driver sees three idiots standing on the tracks.
Meanwhile, the opportunist waited for the train to pass.

I think I can, I think I can, I think I can...lol

FNMA

Even if that IS a trainwreck, I'd like to enter the tunnel!

So, based on what you're saying, they could confirm the TSec after sitting Jan 3, but with the agreements unsigned, these folks couldn't legally interact with their agency until the new Administration takes control Jan 20. Small slow down.

Trump's Administration signed the agreement in November last time so the process could start in November. They refuse to signed the agreement so nothing can START until January 20. Different situation.

The new Congress will be seated on January 3rd; Republicans have a 53-47 Senate majority and only a simple majority is required for Cabinet member confirmation. Trump has been nominating cabinet members during this transition period already, and the Senate traditionally starts Cabinet member considerations well before Inauguration day. The Center for Presidential Transition says on average 95% of cabinet members receive hearings prior to Inauguration day with an average confirmation time of a little over 2 days (Trump's took longer on average in 2016 but he still had 93% of his nominations confirmed during the transition period in 2016). Of course, FHFA is NOT cabinet level and this one may be more contentious, but if the TSY secretary is on board, and IF Trump's team really knows what they want to do AND IF they have a plan - two big ifs - they may be able to boot Sandra, use an "acting" director and just move forward. It's anybodys guess at this point what they TRULY have in mind for the GSEs.

EDIT: I see your reply, but I only get one post. I'm sure they are all already having preliminary side discussions to feel each other out. While Trump does not officially take office until the 2oth I wouldn't try to think too much about hard and fast dates other than waiting to hear if Trump puts out an official "First 1oo days" plan.

Mnuchin was confirmed in three weeks.

On February 13, 2017, Mnuchin was confirmed by the U.S. Senate as Secretary of the Treasury by a vote of 53–47. As Secretary of the Treasury, Mnuchin supported the Trump tax cuts and the tax reform of 2017, and advocated reducing personal and corporate tax rates.