If they settle with Ackmann and Birkowtz with an amount that makes them happy, all share holders would benefit, Average shareholders probably could not go forward on their own if they still wanted more, but the right to sue never disappears. Even in a class-action people can opt out to continue their rights to sue.
It doesn't matter what I paid for it. It only matters what it's worth.
If I found $20 gold piece should I sell it for $20 because I still made money or should i look at the value and try and get close to that (north of $2,000)
This just goes to prove that competition from UBER is good for everyone. The Cab companies are improving their services to compete. I still feel that an unregulated UBER is bad for the industry, but a regulated Uber could be good.
Please offer ideas and improvements to this plan, and share it with others. I don't see Uber just going away and things returning to normal.
Really smart, would be to buy on the market as many shares as possible, then offer settlement. Wipe out all weak hands for cheap.
The Government would be smart to settle for $25 buyout per share. The $40+ billion that they have already made in profit would cover that. Then the Government would control the mortgage giants and make over $20 billion per year.
You are probably right. I did submit this idea to the NYC Mayors web site, but I doubt it will go anywhere from there.
Plan II (Why can't we all get along): NYC issues 2600 new Medallions to itself making the total about 16,000 (giving themselves 20%), all medallions become invalid as permits, but become valid as 1 share in a utility company that issues permits for all taxi, uber, lyft or shuttle drivers.
First year, utility could issue up to 30,000 permits at $20,000 each. Each medallion/share would generate over $35,000, which would cover the cost of their permits plus give them an extra $15,000 in profit.
The price of permits could be adjusted up or down depending on market demand. lifetime Medallion owners would have a profit generating share of this utility company which they could sell at anytime like stock.
NYC's 2600 shares would generate over $90 million first year, with possible increases every year after that.
Fannie and Freddie Shares Still Look Unappealing
Fairholme’s latest legal efforts unlikely to shift case against mortgage giants
By John Carney
Demarco is well aware of all of this, as he was Mel Watts predecessor as head of the FHFA. He was a key player when all of this criminal activity began.
Put Fannie and Freddie Out of Taxpayers’ Misery
Seven years after the crash, why is the American public still on the hook for three out of every four new mortgages?
By EDWARD DEMARCO
Aug. 20, 2015 7:20 p.m. ET
The collapse of the housing finance system played a pivotal role in the 2008 financial crisis and the Great Recession. Seven years later, fundamental problems with the system—especially the roles of Fannie Mae and Freddie Mac—remain unreformed. If today’s presidential candidates want to engage in a policy debate that affects the lives of nearly all Americans, this is it.
Fannie and Freddie purchase mortgages, bundle them into pools, and issue mortgage-backed securities to investors. Securitization allows investors to provide funds for families to buy houses, and those families’ monthly mortgage payments repay investors. If a borrower defaults, Fannie and Freddie guarantee investors repayment of their principal.
Before the crisis, Fannie and Freddie shareholders backed that guarantee. As losses overwhelmed shareholders’ equity in 2008, these “government-sponsored enterprises” were placed into federal conservatorships and taxpayers have since injected $188 billion into the companies to backstop their guarantees. Seven years later the conservatorships remain and the companies’ guarantees exceed the level when the conservatorships started.
Several comprehensive legislative proposals to replace Fannie and Freddie and revisit overall housing policy have been made. But nothing has happened. So taxpayers guarantee repayment to investors on roughly three out of every four new mortgages today.
How is anyone behind Hillary Clinton? Why does anyone see her as a viable alternative? Seriously?
So far, it appears that no city in the US is willing to regulate UBER, so I am just thinking up plans that don't regulate UBER, but do regulate all drivers equally and still return some value for the medallions. If no new plan is implemented and we continue down current path, then UBER will grow unabated and medallion owners will eventually lose all value.