doughishere

i think in a settlement there are incentives that favor each of the junior preferred and the common. i think the pie can be large enough for both to do well. i was looking for reason for slight selloff today, and noticed that watt is reported to have told fhfa employees that he plans to stay on for remainder of his term (2019). what a joke. there will 50 ways to tell watt to get lost. I dont know about price movements any given day but theres belief in some of the DC circles that Mnuchin may be hard to get confirmed.

I wonder if Dan is going to leave Fairholme and go back to the Treasury. /s

Any of you BRK experts know how Buffett’s housing units are doing? Not trying to be facetious. Im actually curious.

Merk, on point as usual. I never understood that either.

I kinda feel like the typo is supposed to be "at the end of 2016", No? Which isnt a surprise.

Well Gentlemen. This trade seems to be about over. Merk, Cherz, Luke, Steve and any other of the legal eagles who have been posting for the last few years. And whoever else has been contributing to this thread that I forgot. Thanks your insight is appreciated. You guys are the MVPs on here.

Ladies and gentlemen,your next Treasury Secretary on the GSE's: "They cannot be government-owned" $FNMA $FMCC -Quoth

Common are going to move up $345.39. Preferreds are going to go to $.50....except fnmas that's going to $.5164. All figures per share.

I was thinking Seattle also. I dont know about the Raiders, they are in the AFC and NE is tough and has never been 100% healthy the entire season.

I will start. Dallas Cowboys vs New England. #America's Team vs. Brady Suspension Season.

The Game: Pick 2 Teams, 1 from the American Football Conference (AFC) and one from the National Football Conference (NFC), to go to Super Bowl 51. Why: So maybe we will end up in one of Howard Mark's letters where he tells us about sh*tty sports betting and relates it to investments. Some of my favorite parts from great letters! Just reply back on this thread with your two teams. No politics! Game Data: Super Bowl LI - NRG Stadium, Houston, Texas - February 5, 2017 - Kick Off Approximately 6:30 p.m. Eastern Time. Announcers Joe Buck (play-by-play), Troy Aikman (analyst), and the always lovely Erin Andrews (sideline reporter) Halftime show Lady Gaga List of Teams: http://www.nfl.com/standings

"The most important skill in finance is salesmanship. That’s how you convince someone to marry you and that’s how you get a job." How many of you work a salaried position to do this job?

Sea, what's your estimate of pre-tax Noi?

Anyone who has taken a first year accounting course should know that. It's not exactly news. Edit: That was kinda rude,mea culpa.

The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s. Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right? Like a derivative Inception?

Summers basically admitted the problem with fannie and freddie in the crisis was the lack of capital. AxeFiles Podcast. Not really worth the listen if you are going to it for just Fannie and Freddie. http://politics.uchicago.edu/pages/axefiles

anybody hear the damages talk on the conference call? Direct Link: https://app.voicebase.com/autonotes/private_detail/33205817/hash=bJeXYGltZ2PLSWaWyWxmNknWyPmZpolmZsmmeWkZpmxGdmx8eSZG1pbJ1sm8qa?vbt=1927&vbs=OK

Summary: Illinois pension deficit now 130 billion with a 7% assumed rate of return into perpetuity. 1116_SPECIAL_PENSION_BRIEFING.pdf

Maria Bartiromo's twitter feed says it's either Dimon or Mnuchin and that Dimon has already said he's not interested. Announcement expected on Friday. I don't buy the trump trade aspect. It sure would be nice to get a ruling though.

35$ share price is a $250B Windfall profit for the Govt.

What is she like? Bob Corkers arch-rival? /s

I think its interesting how you can have 2 large guys come to two different conclusion on things(HLF,VRX, yadda yadda) and then they hold similar positions in things such as F&F......seems like life to me. And its not just the large guys but even on fintwit....so its interesting. And they could very well be wrong on all of them. So who knows. I really dont think much will change other than there may be slightly greater chance of these documents get released for public consumption then we will see exactly how the decision to enact the NWS was handled and thats just the transparency that share holders have wanted the entire time. I could be wrong. Bruce, IMO, doesnt give a shit about where the common goes or what...he just wants his contractual obligations. Thats what I really think this is about. I dont give a sh*t where the entities fannie and freddie go to be honest. One of the problems with this business is we all become forecasters. Some guys think the markets are going down with a Trump win(certainly thats what the futures said last night) but I suspect generally Americans will be better 4,10, 15, years from now..but a lot of people dont think so...and You would think that everyone would sit back and say well Brexit happened, the Cubs happened, XYZ happened. Crazy shit happens all the time and that theres really no prognosticating about things. Partly thats why i dont get gloating about your prognostications....but such is life and people like to be right. Im just fascinated by how human beings act.

So it seems in Edwards vs. PWC plantifs have received money from PWC. a) not suprising since its been so hush hush and the reaction by govt. lawyers. b) can anyone find the transcript Im sure it will come out in due time but it should be worth reading.......

Q3 Earnings this week or next. Edit: I think it will be this Thursday. Same date as fairholme reply to the govts request for a mandamus.

" To date, Fannie and Freddie have paid the government $246 billion in dividends." http://www.wsj.com/articles/fannie-mae-freddie-mac-shareholders-argue-against-governments-profit-sweep-1460757430 Think about that for a second. Thats like an entire JPMorgan Chase. 11th on the list of the S&P500 list.