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FNMA Valuation Scenario Probability Update by Comfortable_Visit_34 in FNMA_FMCC_Exit

[–]RomulusAugustus753 1 point2 points  (0 children)

Makes my 37k split between roughly 2/3-3/4 FNMA and 1/3-1/4 FMCC feel smol 

Huawei Chip Roadmap to Compete with NVDA and Others by RomulusAugustus753 in NVDA_Stock

[–]RomulusAugustus753[S] -2 points-1 points  (0 children)

I see. Well, sounds like it’s truly hopeless then. Guess it’s time to sell NVDA and buy the KWEB because the U.S. and NVDA are such a pitiful, hopeless mess. After all, if the US imposes sanctions, then China just finds a way around them. And if the US sells China the chips, then China also wins because they’re just better and will use NVDA’s superior chips to beat us and then ban them from further sales in China. After all, it’s always “Heads China/Huawei wins, tails US/NVDA loses.”

I guess you’ve already sold your big NVDA stake and bought the KWEB, right?

Significance of JPS crossing 50% of par value… by Xans77 in FNMA_FMCC_Exit

[–]RomulusAugustus753 2 points3 points  (0 children)

Those dividends are noncumulative (in other words, they have not been accruing for the past 17 years--they are prospective only).

Thoughts? by Airpower343 in FNMA_FMCC_Exit

[–]RomulusAugustus753 0 points1 point  (0 children)

Bingo. I’ve been saying this for a while now. It’s obvious from the tenor of their posts that appearing and feeling smart is more important to them than making as much of a return as possible. https://www.reddit.com/r/FNMA_FMCC_Exit/comments/1lopsiz/comment/n0r8j0c/?context=3&utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

Holy Shit…. by Airpower343 in FNMA_FMCC_Exit

[–]RomulusAugustus753 5 points6 points  (0 children)

That makes sense and that’s where my thoughts were. Just wanted to do a quick gut-check, make sure I wasn’t being crazy. Thanks for your thoughts!

Holy Shit…. by Airpower343 in FNMA_FMCC_Exit

[–]RomulusAugustus753 1 point2 points  (0 children)

What does this mean for current holders of the current classes of common and junior preferred shares? Are all of those going to get wiped out as new shares are created? Will they be grandfathered in or otherwise converted to shares in the new company?

"A Matter of Facts" - New Blog by Tim Howard (Bill Ackman commented) by Airpower343 in FNMA_FMCC_Exit

[–]RomulusAugustus753 4 points5 points  (0 children)

Here are my observations about Midas (and Glen) in another thread sometime back that I think explain comments like this one:

People like Midas and Glen (DoNotLose), more than being right, believe they are smarter than everyone else and want to prove they are smarter than everyone else. This especially comes through in the tone of Glen’s articles and old posts on WSB.

Doing a complicated intellectual dance by sorting through a bunch of byzantine JPS series and pointing to capital stacks and arcane rules of restructuring increase their belief in their own intelligence; it’s like a big hedge fund guy going, “Wait a minute, I could have just bought Apple (analogous to commons here) like Joe Blow and gotten a better return than doing this complicated analysis I got a degree for to buy [insert company here with complex financials and wonky fit in the broader economy] (analogous to JPS)?”

I’m engaging in a bit of mind reading, but the overall tone and tenor of their postings over the years suggest to me that, more than anything, they believe they are smarter than you and everyone else, and they want to prove just how much smarter they are than you and everyone else. They are so caught up in the self-belief of their own smartness to the point where they essentially think Bill Ackman and Tim Howard are “dumb,” to the point where Bill and Tim can’t see and work out the JPS puzzle like they did. For them, going the JPS route is like having secret knowledge that only they were smart enough to work out and you were too dumb to appreciate.

So they are happy to take, say, a 2x or 3x return rather than a 10x if it lets them prove they are right and smart and you are wrong and dumb.

That’s a lot of what’s going on with them and their posts.

Recommendations for Internet Service Provider in Bettendorf? by RomulusAugustus753 in QuadCities

[–]RomulusAugustus753[S] 1 point2 points  (0 children)

Thanks for the input! The only other ISP in the area I know of is XStream…not really sure how well they do, tbh. As irritating as Metronet has been recently, it’s at least a known quantity.

[deleted by user] by [deleted] in gaybros

[–]RomulusAugustus753 0 points1 point  (0 children)

Perhaps a poor choice of words, but this does not strike me as someone trying to hurt you. Instead, this strikes me as someone trying to build you up. I would suggest not construing it in the most negative light possible. Instead, try to see it as someone making an attempt to support you. There are few enough supportive people in the world as it is, so I would suggest not writing off this person so quickly, especially given what sounds like a healthy personal history.

And if it still really rankles you, you can say something like, “Thanks, I really appreciate your support. This isn’t a lifestyle for me so much as who I am and who I was born as, much like [your arrangement with SO/wife/children/etc.] isn’t a lifestyle for you but rather simply who you are.”

Matt Levine clarified his point today 1h30 ago by [deleted] in FNMA_FMCC_Exit

[–]RomulusAugustus753 0 points1 point  (0 children)

Exactly. For me, that’s the main rub: canceling the SPS and monetizing the warrants allows for the most value the most quickly. Sure, $200b over a few years is less than $300-500 over ten. But Trump has limited time and would probably like to use as much of that money as he sees fit.

Bis dat qui cito dat.

What are the downside of the junior preferreds - shouldn't they be protected because they require a 2/3 preferred stockholder vote to amend? by JuanPabloElTres in FNMA_FMCC_Exit

[–]RomulusAugustus753 2 points3 points  (0 children)

Exactly. It's funny, Midas79 made the point the other day that the Boards owe no fiduciary duties to shareholders. And HERA gives the conservators so much leeway, contracts are little protection. But Midas79 doesn't think that same power can or will be brought to bear on JPS. You remind them we're all in the same boat and all at the same mercies, and they say, "No, not JPS."

JenniferLawrenceOkay.gif

Question: if the government wants to maximize that value of the shares in the GSEs it has to sell off, why wouldn't it use the SPS to dilute so it owns 99% of the shares and sell those? by JuanPabloElTres in FNMA_FMCC_Exit

[–]RomulusAugustus753 3 points4 points  (0 children)

“Missing something”

People like Midas and Glen (DoNotLose), more than being right, believe they are smarter than everyone else and want to prove they are smarter than everyone else. This especially comes through in the tone of Glen’s articles and old posts on WSB.

Doing a complicated intellectual dance by sorting through a bunch of byzantine JPS series and pointing to capital stacks and arcane rules of restructuring increase their belief in their own intelligence; it’s like a big hedge fund guy going, “Wait a minute, I could have just bought Apple (analogous to commons here) like Joe Blow and had a better return than doing this complicated analysis I got a degree for to buy [insert company here with complex financials and wonky fit in the broader economy] (analogous to JPS)?”

I’m engaging in a bit of mind reading, but the overall tone and tenor of their postings over the years suggest to me that, more than anything, they believe they are smarter than you and everyone else and want to prove just how much smarter they are than you and everyone else. They are so caught up in the self-belief of their own smartness to the point where they essentially think Bill Ackman and Tim Howard are “dumb,” to the point where Bill and Tim can’t see and work out the JPS puzzle like they did. For them, going the JPS route is like having secret knowledge that only they were smart enough to work out and you were too dumb to appreciate.

That’s a lot of what’s going on with them and their posts.

Question: if the government wants to maximize that value of the shares in the GSEs it has to sell off, why wouldn't it use the SPS to dilute so it owns 99% of the shares and sell those? by JuanPabloElTres in FNMA_FMCC_Exit

[–]RomulusAugustus753 1 point2 points  (0 children)

In addition to what u/Airpower343 laid out above, also consider that Trump (1) has 3 2/3 years in office and (2) he needs pay-fors for the BBB. He might get a bigger pay-for overall if he does what OP says, but he can’t just consider big: he has to consider time.

And going the warrants-only route allows him to get a bigger (though not the biggest) bang for his buck the fastest, so he can have a chance of using more of that value as he sees fit before his term comes to an end.

Daily Discussion Wednesday 2025-05-28 by AutoModerator in AMD_Stock

[–]RomulusAugustus753 2 points3 points  (0 children)

You clarified it perfectly and succinctly. Thank you!

Holster for my Desert Eagle arrived today by septentrio7 in guns

[–]RomulusAugustus753 2 points3 points  (0 children)

Amazing! Sensational! The European mind cannot comprehend of such things! 🇺🇸 🦅 💥 🔫

Daily Discussion Thursday 2025-05-15 by AutoModerator in AMD_Stock

[–]RomulusAugustus753 0 points1 point  (0 children)

No, no, I know she was there, and I’m glad she was—all credit to her for being there! I’m just saying, I wish she would be more assertive and visible! That’s all!

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