There are no grounds for a supportable appeal. And, more good news. The same judge is the one that willrule on the Jacobs, Hindes case, too!
I think you are going to have a very bad hair day today.
In which of the 20 cases pending is this arcane reference from, and in what part of the complaint filing or updated brief can this so-called "issue" be found?
By the by, I just checked. and Melvin Watt was confirmed by the Senate on December 10, 2013.
But fear, not. Your ongoing status as Board Fool remains, unchallenged. You are still the #1 Fool, with all rights and honors pertaining thereto.
In honor of the Rio Olympics, here's a reminiscence of a Brazilian oldie you might recall. It was titled: "The Fool on the Hill." To borrow a line from Sergio Mendes and Astrid Gilberto, you "didn't seem to notice" that such a plaintiff strategy only releases claims against the government and repositions any damages as the responsibility of "the acting guy"? Then, too, there is the legal invalidation of any "self dealing claims, too. You just scored a daily double for the defense team.
"See the world... spinning 'round."
I think it goes WAY beyond just Congress and the courts. There is a reason why executive privilege was invoked. Taking on the White House and POTUS takes a real brass pair that few journalists can afford to have defended by legaldom's finest. JMHO.
Yes, this Bloomberg report was written by the same Joe Light that formerly was a frequent WSJ reporter. He is quite an expert on the bond market and has delivered a lot of GSE content on derivatives, hedging and exotic financing strategies. I thought this article seemed more middle ground than his earlier stuff, perhaps in the same way Charlie Gasperino seems to have moved to a centric balance.
Pretty thorough recap of events and the current legislative landscape in Washington. New Royce bill expected in September to level playing field between GSEs and mortgage bankers. Hello CSP!
Don't take the deletions too seriously. This is just the Yahoo computer doing a search for nasty words and deleting anything it considers crude or derogatory. It is more stupid than malicious. I had the same post deleted twice for using the nickname of Richard Nixon,,, a shortened version of Richard, you can surely guess what... because it was obscene. It was the man's name, but out it had to go. Compare this to InvestorsHub where the moderators simply delete any content that doesn't match their agenda with not even a shred of TOS violations at hand. Their administrators allow it to continue, likely because they can dump the stuff off on somebody else. YMB is a walk in the park compared to that totally partisan "club" of control freaks. I post there only very occasionally, now.
Was the young man that chose to serve and returned to Dallas to slaughter police officers in an unprovoked massacre a hero to you, too? Just because someone served doesn't entitle them to be a hero under any and all circumstances. Most military people are dedicated, patriotic, service-dedicated professionals that deserve our profound thanks, admiration and respect. But not the few bad apples that come out of the service with either a chip on their soldier or a screw loose and some score to settle with anybody they can pick a fight with.
The only person I said anything to was a nutcase that proudly admitted to attempting vehicular manslaughter to get even with some other mororist that cut him off. Get lost.
There are all kinds of strategists playing in Fannieland. Most are the lawyers reading the verdict Tarot cards. Then there are the accounting gurus looking at all the off-sheet antics and seeing huge wealth. Then there are the penny flippers who think every distressed stock is the next American Airlines. Then there are a few investors who look at opportunity differently. The latter category would include me. Here's my simple base line.
One outcome for Fannie is a sweeping court verdict punishing government and ending conservatorship and the NWS. In this most unlikely scenario, Fannie pfd gets its non-cum divvy restored at or near 8.25% in at least a few years. That's a $2.06 JPD on a stock I own @ $4. So I keep the cash until redemption is called, but probably not for a long period as recap will take precedence. This is good for FNMAS.
The second outcome for Fannie is that Jacobs, Hindes will prevail in Delaware and the court may order repayment to junior preferred shareholders for dividends they illegally were denied by lack of fiduciary oversight of their interests and violation of Delaware GCL Section 151(c). This could be a demand that JPD's be re-paid retroactive to Q3/2008 or other periods that in each case multiply the recovery of the $2.06 annual divvy, or some proportion of same vis-a-vis the SPD gifted 100% to UST since Q2;2008 (the final dividend paid). This is good for FNMAS.
A third outcome could be that reserves are fully depleted by December, 2017 and receivership and liquidation ensue. The liquidation preference for FNMAS should be close to par value of $25. This five-bagger is good for FNMAS.
And the final outcome would be the political gridlock default of affordable housing Dems locked in the continuing stalemate with Grover Norquist/balanced budget Reps, prompting some mid-ground release back to a business as usual . This would restore FNMAS back to its pre-conservatorship Par level @ $25 and no divvies any time soon, but some day.
Nice. Now just try to avoid vehicular manslaughter charges so you can enjoy the new ride. Once you exit military service you lose your right to just kill anything that moves that might suit you.
You always buy insurance.
This is why you also own FNMAS or another GSE preferred stock vs. FNMA commons.
It's just being smart. Just like you should be over on the new YMB where you can mute the spam, the irrelevant political rants that have nothing to do with Fannie, the bump and fuhkface posts and all the troll attacks and just stick to news, discussion, content links and occasional humor.
One must be in Animal Husbandry which he actively practices with you.
This report has absolutely NOTHING to do with Fannie Mae. Why is it discussed here? Because its author once wrote some pro-Fanniegate garbage?
Yellen's "secret" is also Fannie Mae's little secret, and the debunking of litigant claims that the government forced toxic loans on the GSEs, making government the reason for conservatorship and/or the sweep. Under QE, the government relieved the paper that briefly eased the bank liquidity part of the crisis. This is my conclusion after a lot of study, long on intuition and sadly short on factual confirmation. But my opinion remains. This Yellin piece only supports my premise.
Scarred? What a hoot. I actually delivered about the worst insult to JohnDeere1 possible... I exposed him as being YOU.
Yeah, sure. But your FELLOW TRAVELER JohnDeere1 fills in very nicely for you under that other ID.
You can fool a lot of the rubes on message boards. That does not include me.
Now enjoy your reign on this cesspool until Yahoo pulls the plug. Then take a hike.
Well, JohnDeere1, you are your little "club" also made the investors-hub message board useless so feel free to share the limelight. At least on Yahoo we don't have a team of 6 moderators who are all devoted longs that try and suppress anyone with a hint of question about FNMA's future. And YOU are one of their primary stooges in the assault on intelligent discussion as it gets subverted into a pumper's Nirvana.
Please stay off the new board. You belong here in the cesspool.