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Clearwire Corporation (CLWRD) Message Board

jds6480 41 posts  |  Last Activity: May 23, 2016 6:20 PM Member since: May 1, 2008
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  • Reply to

    Another wall street BANKER

    by kjeff7777 May 23, 2016 4:12 PM
    jds6480 jds6480 May 23, 2016 6:20 PM Flag

    Watt did this to head off a shareholder-friendly appointee. Nader and Icahn were rumored, along with Greenberg of AIG (now Starr) to be seeking a seat on the board. Now that Watt has his 13 minions (13 is the maximum number of directors the company can have), no new director can rock the boat....

  • Reply to

    Settlement

    by swinging_for_fences May 23, 2016 2:53 PM
    jds6480 jds6480 May 23, 2016 6:17 PM Flag

    do the math, for the commons a settlement would mean 'X' divided by 1.3 billion shares, not sure how the preferreds will work out

  • jds6480 jds6480 May 23, 2016 3:25 PM Flag

    don't give him that much credit, persistent blow-hard is more like it...

  • Reply to

    Settlement

    by swinging_for_fences May 23, 2016 2:53 PM
    jds6480 jds6480 May 23, 2016 3:05 PM Flag

    I happen to know that settlement terms were "explored"back in late November, early December but USG was about $50 BiLLION out of the ballpark! Thinking they could settle all this for $5 to $6 Billion, Kirk let them know that we will never settle for "chump change"! "Trump change" ($50 Billion) might get the job done, but the govt blew their chance then, and with the damaging documents being released, the price only goes higher!....

  • Reply to

    Has Judge Sweeney lost control of her courtroom?

    by big.yank May 23, 2016 12:53 PM
    jds6480 jds6480 May 23, 2016 1:09 PM Flag

    for someone who is supposedly LONG the preferreds FNMAS, your obsession with trying to kill any favorable news developments for the GSE's is schizoid at best. Why don't you disclose your true position and support it with facts as most of the others on this board do? BTW, if you haven't noticed, the FACTS are lining up nicely on the plaintiffs and shareholders' sides.....

  • both Republican and Democrat. Actually more Dems are in our corner for releasing and using funds for the Housing Trust Fund. Look at Garrett, who is the sub-committee chairman that "oversees" Fannie and Freddie and their regulation. Here is a 2010 statement from him that shows how "in the pocket" of the banks and Corkerfolk:

    From: Russell, Chris
    Sent: Friday, August 17, 2012 2:34 PM
    To: Parrott, Jim
    Subject: Re: Garrett Statement on Treasury Decision to Amend Terms of Fannie and Freddie Bailout

    Preference is not to have two defacto public utilities with a $274 bill capital cushion

    Where is the impetus now to deal with the issue? The dividends were initially set like that for a reason.

    In regards to them keeping additional profits, in my mind that is only an accounting issue, gov recoups now (per new method) or later when we liquidate them and then realize those gains for the taxpayer

    It's time for ALL the protected docs to be opened to the public so all the players can be exposed for where they stand on F and F. Most (more than 90%) are involved for POLITICAL GAIN or HAVE BEEN LOBBIED AND PROMISED STUFF (Quid pro quo) and they could give a rats behind about what is best for the GSE's or "protecting the taxpayer". Only the 10% like Rep. Mulvaney, Rep. Waters and 13 others on the HFSC (Mick's coalition) are concerned FIRST with the RULE OF LAW, and following it to the letter.

    Remember, "any fraud or fraudulent conduct on behalf of the USG will necessitate an IMMEDIATE RELEASE of the GSE's"..... per MM, and his word is good as gold......

  • we need to get word to his campaign that dirty laundry in the form of protected docs, might be in Mr. Corkscrew's closet......

  • Reply to

    follow the money

    by jds6480 May 23, 2016 9:55 AM
    jds6480 jds6480 May 23, 2016 10:11 AM Flag

    probably can add Mr. Corkscrew to the list.....

  • Reply to

    Documentgate = MISTRIAL

    by big.yank May 23, 2016 7:46 AM
    jds6480 jds6480 May 23, 2016 10:01 AM Flag

    nice try, if it WAS leaked, in all likelihood it was NOT the plaintiffs' doing the leaking, why would they sabbotage their case when they have a smoking gun?

  • from the "never have to cover" shorts to the bashers in the media like John C at WSJ who it is reported to have very close ties to Blackrock and their YOOOUUUGE short positions in F and F......

  • Reply to

    recap, Bill 4913, HFSC info

    by jds6480 May 23, 2016 9:31 AM
    jds6480 jds6480 May 23, 2016 9:41 AM Flag

    "If fraud is proven, the Conservatorship will end".....

  • Per my message posted 12/11:
    Sue I will be in his office later this week working on a two part plan of action, the first being a H.R (resolution) followed by legislation AFTER the next testimony by Watt which will be early January. So this will take approximately one month to play out, that's all I can tell you at this time, will give you more later and will be updating Rob at IU.... Less
    HR4913 was introduced on 4/13/16 approximately 3 months after I said it would be ready. Garrett, the head of the subcommittee, is not a friend of our side. He declined to subpoena Watt for an update, claiming "sufficient oversight back in January 2015" and has no sense of urgency to do ANYTHING. Mick, as you know, sent a letter to Watt questioning plans for re-capitalizing, and HR4913 is a result of Watt's answers and Mick's "coalition" (about 15 members who agree to re-cap and release) is pushing HR4913 in committee for "air time". Once the committee debates it, marks it up, makes changes, etc. and gets out of committee, then it goes to the House of Representatives for a floor vote-- this whole process could take 4 months.

    Mick HAS committed however, that he and his coalition will press for an immediate RELEASE if any fraud is proven in the court cases, and is why I have said several times that this committee is keenly aware of the happenings on the court cases. He and his coalition will NOT STAND FOR FRAUDULENT CONDUCT so the emails leaking out are being studied carefully.

    On another note, the push for a shareholder friendly board of directors appointee suffered a setback last week when a new board member (Wells Fargo appointee) was nominated to the board so 13 board directors (the maximum) will be serving Watt and his daily rubber-stamping of USG positions, issues, etc.

    P.S. don't be put off by BigYank, he is only spouting the opposition's side, protecting "never have to cover" shorts

  • Reply to

    New Bill from Rep Mulvaney

    by jds6480 Apr 14, 2016 7:50 AM
    jds6480 jds6480 May 18, 2016 8:38 AM Flag

    one month later, still jockeying for "air time" with the Financial Services Committee. We have support of about 15 of the committee members so far, but this is growing. Mick commited to getting this to the floor one month later, still jockeying for "air time" with the Financial Services Committee. We have support of about 15 of the committee members so far, but this is growing. Mick commited to getting this to the floor asap, they are ALL keenly aware of what is happening in the court cases as well, any action by Sweeney (MTC) will fast track this bill like you wouldn't believe.......

  • reportedly heard on the street are none other than Starr Investment Holdings and Hank Greenberg, who are jockeying to take a major equity position... they see a future in F and F as well as an avenue to the immense profitability of these two Fortune 50 companies, maybe Hank will muscle his way in to a board seat on both Fannie and Freddie, we need his kind of shareholder advocacy that is totally absent with Watt, even though we own 20.1% of both companies.....

  • Reply to

    BOD representation coming!

    by jds6480 May 2, 2016 11:31 AM
    jds6480 jds6480 May 3, 2016 6:05 AM Flag

    It started in Nader's office and made its way to Maxine's desk. Watt knows that he can't treat the minority shareholders as "the enemy" and reportedly is open to approving a shareholder nominee to the board. Brenda Gaines is also just a few months away from being "forced" to retire from the BOD as her 10 year term (the maximum a board member may serve) is just about up. Why does everyone assume that Watt views the shareholders as not part of the company? Yes, he made the statement 2 years ago about "not staying awake at night worrying about the shareholders" but he knows that his performance and legacy as the Director depends on whether capital will be re-built (and Mulvaney's letter is paving the way for GSE's to retain and rebuild capital) So he stands to benefit and not be second-guessed with the addition of a "shareholder-friendly" nominee added to the board of Directors. Mayopolis may announce this as part of the earnings call on Thursday and try to downplay its importance.....

  • Reply to

    BOD representation coming!

    by jds6480 May 2, 2016 11:31 AM
    jds6480 jds6480 May 2, 2016 2:00 PM Flag

    Not at all, it only takes 1 to stop actions that are not in the best interests of ALL. Plus we get more transparency and insight into what is really going on there. You don't think an Ackman or Berkowitz would advance an agenda including: re-listing on NYSE, re-capitalizing in a "win/win" scenario with the USGovt, pathways to release from C-ship, and others?

  • Reply to

    BOD representation coming!

    by jds6480 May 2, 2016 11:31 AM
    jds6480 jds6480 May 2, 2016 1:17 PM Flag

    Board of Directors at Fannie Mae currently has 11 directors, not counting Mayoupolis the CEO, he makes 12. In their corporate governance papers it states " the board shall be comprised of at least 9 directors, but no more than 13, and these directors shall serve on behalf of the Conservator, who gives them their authority" So you have Watt calling the shots, and his 12 obedient puppets all say "how high?" when asked by Watt to jump. (Or to send billions of corporate profit over to Treasury for deficit reduction, instead of retaining capital at the companies.) And FINALLY, we will have a voice on each BOD representing the shareholders' best interests, like they SHOULD HAVE BEEN DOING ALL ALONG....

  • Reply to

    BOD representation coming!

    by jds6480 May 2, 2016 11:31 AM
    jds6480 jds6480 May 2, 2016 1:00 PM Flag

    Board of Directors, it means we will finally have an advocate to represent our (the minority shareholders) interests, instead of the interests of Watt, Lew, Obama, etc. It means we have "a voice" and someone watching over the goings on of both companies, this is a YOOOUUGE development!

  • For both companies! This has been under discussion since last Fall with "exploratory" settlement options, and FHFA being pressured by House FSC to add a "non-governmental" director to each board...... could be Ackman and/or Berkowitz! Stay tuned, announcement should be by the end of this week!!

  • Reply to

    New congress bill: recap and release

    by benny_blossom Apr 18, 2016 12:25 PM
    jds6480 jds6480 Apr 18, 2016 12:43 PM Flag

    that's because the bill was sent over from Mulvaney's office to the House Financial Services Committee last week. It only addressed the re-capitalization of the GSE's but the intent is to include "a pathway to release from Conservatorship". It will be kicked around in Committee for a few weeks until a more detailed, semi-final version appears to be brought to the House floor for a vote. But first it has to be worked on in Committee to get a majority vote (there are currently 59 members on HSFC) so it can get to the House floor to be debated and then scheduled for a vote.