You are an idiot, yam. There is a growing shareholder rebellion against the Big Boy attorney teams that have misplayed Fanniegate for as long as 3+ years in some cases. "Patience and faith" in the fund-backed actions are giving way to frustration and fear as domino after domino has fallen and none are falling in the stockholder's direction. The conservatorship was enacted in 2008. To date, every challenge to it has been dismissed. The "sweep" was enacted in 2012. To date, every challenge to it has been dismissed.
Look at the discord over on your beloved I-Hub Fannie board. There is now open disdain and anger directed against one another by the longterm posters that harmoniously populated that board for the many years that I have followed it. Tempers are running short. Investors are running out of tolerance for further delays, docugate wrangling and not one single case moving beyond dismissal. The $$$ runs out and the Twins likely go into receivership in just about one year. For me, as an investor long in preferred shares, the better outcomes for payout all come in some resolution achieved in the courts. But time is running out. At least I have a security blanket in liquidation preference that common shareholders do not have.
My presence here is solely as an investor. I have a lot of skin in this game. Just leave me out of your childish and, frankly, insulting conspiracy theories. You are just wasting everybody's time with personal attacks that only lead to all your messages being removed and now flirt with your posting ability being curtailed or cancelled. Just ask the 2 I-Hub moderators that were recently removed on the FNMA board.
I want them both to come back on election night so we can all celebrate the emergence of The Trump Dynasty. LOL.
Any big announcement that involves shareholders would be issued by FHFA, not Mayopoulos. The next news that matters will either come from the courts... or... via earnings, starting with Freddie Mac in a little over a week. Not at some lame industry soiree in Boston.
What's really sad is that nobody seems to care about Fannie Mae, any more. There's no volume flowing, showing a lack of investor support for the common stock. The number of pumpers on this and every other board has steadily declined. Now even the number of detractors has begun to wane as even Joe Light and John Carney have left the mall. This is just not going to end well for you, little man.
Wow,how similar is much of the text in Collins with other suits previously filed. Even the "concrete life preserver" comments are repeated like in the Iowa suit. Other parts of the 80 page filing look familiar,as well. Cut and paste, anyone?
This suit only tells me the Perry Appeal and Fairholme are DOA. It's rally the conestoga's time!
Looks like the Edwards crew heeded your advice, started up and fled out of town.
"Dum Dum. Dum. And another one bites the dust.
And another one's gone, and another one's gone
As another one bites the dust."
Why, next thing you know, plaintiffs in the stalled Perry Appeal will start filing intercession motions, just like Michael Sammons did in the Fairholme litigation.
Youch. That sounds like a courtroom edition of a steel cage match @ Wrestlemania.
Sure looks like I was right on this intuitive outcome being a possibility.
He says "Your Fannie is too big."
"Get GSEs outta here!"
"It's hard to be a ten when you're flat broke!"
"The last bailout cost too much of our Grope National Product.
"I don't pay taxes, either."
"Take 'em out on a stretcher."
"Bankruptcy is just good business."
"The need for wealth always trumps the law."
"I like crooks that don't get captured."
"I'd love to take Judge Sweeney furniture shopping."
"Common shares are for LOSERS."
"Forget documents, where are the e-mails?"
"George has never been my favorite bush."
"I'M the one that needs a release. Forget FnF."
"I'll plead just like Lew and Watt. Get me off."
"I look forward to orals."
Fall is lawn care and tree planting time, Those tasks are too often viewed as Spring tasks, only, and many homeowners achieve poorer results with their lawn and garden efforts by overlooking this important season. Start by performing a soil analysis to determine nutrient and mineral levels and the very important Ph levels for your soil. Kits are sold in most garden centers to facilitate this analytical process. Make sure you adjust to conditions that fall outside the normal range.
Surprisingly, Fall, not Spring, is the optimum time for power mower and garden equipment maintenance. If your equipment is going to sit all Winter, get it maintenanced NOW so that metal parts are well-lubricated during the off-season, and electrical parts are clean, fresh and fully functional for a quick restart, next Spring. Fall is also a quicker and cheaper time for blade sharpening or replacement while the equipment service shops are not as busy as they will be,come April.
Don't overlook the garden part of your yard. Fall plantings like chrysanthemums can add huge color and eye appeal to your home from now, all the way through the holidays. If you use pots, bring them in before the first hard freeze if you have a porch, mudroom or enclosed entryway or patio that is well lit. You will have bright colors and outdoor cheer to last you through most of the Winter, all at no extra charge.
Fall is also the time for the planting of bulbs that emerge first among all flowering plants in early Spring. Tulips are always the most popular choice, followed by hyacinths, daffodils and, of course, the venerable crocus. Best of all, bulds are perennials that will deliver your garden many years of beauty and curb appeal to impress even seasoned drive-by passersby.
Be sure to look for more lawn and garden tips in the Wall Street Journal. And never forget that Fannie Mae is a huge pain in the grass.
Yes, I made a bad decision to buy this #$%$ and I own the consequences. Sorry I got taken in and may have encouraged others that bought and lost like I did. The "story" was a great one. Even Jim Cramer drank some of the Koolaid, way back when, by recollection.
Win some, lose some.
It will still have benefit at tax time to offset some gains, elsewhere.
JMHO. Good luck to all that remain with skin in the game. The whole Baltic Dry index remains in the #$%$per.
The government does not want any case sent back to District Court. That momentum seems to exist primarily in Edwards (both cases against Deloitte & PWC), Pagliara and Jacobs, Hindes. A lucky guess on my part, maybe?
LOL. It will eventually all unravel. Inspector Clouseau is all over this one!
The team over at investors-hub did a pretty solid DD job on Sammons, yesterday. Until that effort, I thought your guesses could be correct. Now I just think he's an investor feeling left out and concerned about taking a big loss in a dismissal scenario. Can't say as I blame him for his concern. I just would never have written so disrespectful a letter to any jurist. All he succeeded in doing is teeing off the judge and delaying other stuff for another two weeks of distraction.
Read the stuff on I-Hub if you want specifics. You do not have to be a member or subscriber to do so.
According to Judge Sweeney and likely confirmed by Sammons "pro se" filing before her court, he is not an attorney and can't file a suit by himself. He would have to hire an attorney at his expense. That could be very expensive for a small investor.
At present, he IS piggy-backing on Fairholme's suit but wants it moved to a different court under a different judge. That's JMHO. It's a "David vs. Goliath" contest with an empty sling. I will say that it took guts to send a Federal judge so accusatory a letter. The part about "the bailiff" was en epic insult to a standing Federal justice, again IMO.
And she's not going to take it anymore? First, she has to figure out whose side Michael Sammons is on.
Figuring out Fanniegate is like cracking the Da Vinci code. No straight lines in this legal circus, anymore.
Anything can happen, now.