radcliffff • 24 minutes ago [10:51PM, 11/12/2014] Remove 1users liked this postsusers disliked this posts0Reply
– Chuck Cooper filed briefs on 10/20/2014 in CWIC v FHFA, i.e., PLAINTIFF’S SUPPLEMENTAL BRIEF IN OPPOSITION TO DEFENDANTS MOTION TO DISMISS.
– Ruling coming in the Starr International v US Case (A. K. A. “AIG Case”) from Judge Wheeler on whether the case has merit, i.e, he already ruled back in January 2013 that the seizure of 79% of the common was a 5th Amendment Taking requiring Just Compensation! (Key Point: Under Section 13(3) of the Federal Reserve Act, the Federal Reserve can demand an interest and security, BUT IT CANNOT DEMAND EQUITY on a loan). Note: this case is in the Federal Court of Claims, i.e., the same court as the Fairholme and Washington Federal (Which explicitly calls for setting aside 79.9% of the preferred and warrants for 79.9% of the common) cases are in, both of which are before Judge Sweeney!!! [TRANSLATION: WE ARE GOING TO $300 A SHARE!!!]
– Fairholme to file brief in response to Gov’t motion to suspend proceedings pending appeal of district court’s September 30th dismissal of the Perry Capital Case. If memory serves, this is due by Nov. 17th!
– Perry Capital and Fairholme appeals to the US Court of Appeals for the DC Circuit pending.
– TimHoward717 promises a follow-up post on the Josh Rosner tweets this week. Less
Sentiment: Strong Buy
From the Yahoo Board:
foscofrank2 • 16 hours ago Flag
29users liked this postsusers disliked this posts1Reply
RELEASE CHAIN OF EVENTS OVERVIEW – PLEASE COMMENT
1. No more wind down talk
2. No more political leaders bashing FNF to public
3. No new bills coming from anyone!
4. FHFA putting reforms in place of new FMIC structure
5. FHFA increasing credit flow
6. FHFA allowing CEO ‘s to make statements about post CONSERVATORSHIP
7. FHFA allowing quarterly revenue calls FREDDIE Mac
8. Reuters cover quarterly income projections numbers.
9. New single security platform owned by FNF will increase assets & revenues
10. New attorney hired with NYSE listing experience part of job role.
11. Watt becoming more of a regulator giving more freedom to the companies to compete for business.
12. Reducing buy back risks to lenders
13. Watt made statement he can end the CONSERVATORSHIP unilaterally.
14. OBAMA not requesting any new ideas on reform nor bringing it up!
15. US treasury stopped buying bonds allowing open market buying not dependent on gov.
16. Massive risk share deal worth 100’s of billions of funding.
17. Less and less articles on bashing FNF verses good stuff to change public views.
18. Settlement with past shareholders agreed to.
Please add!!
It is just going in the right direction & day to day means nothing anymore.
It will happen in the dark of the night, we nobody expects it, when the stock looks the worse, when your not able to buy and when the value of release & risk of holding becomes greater than keeping them.
We are getting close!!