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"2028 the latest … that is, if the entire system isn’t totally corrupt"
That's a mighty small nail on which to hang our hat!
"Obama-Biden administration swindled $301 billion of Fannie Mae and Freddie Mac equity and stole from the pension funds of police officers, fire fighters and government employees. Clawing back that money would restore the retirement accounts for millions of Americans."
Nicely stated Guido. Too bad there is nothing in the heads of most Americans to understand what has taken place.. It goes in one ear and out the other because there is nothing between those ears to even know what the corrupt U.S. government has done to its citizens. Stupidity rules the day!
When is the last time you heard Biden or any of his flunkies talk about Bidenomics? It's been a hell of a long time because it was worse than the sinking of the Titanic.
"3 years old by a guy no longer President. Not sure he would remember this anyway. I haven't seen that he's mentioned the GSEs since that 3 year old letter. Has he?"
So what about Rand Paul? In one ear and out the other?
"I guess I am just trying to figure out why this is taking so long. "
Two reasons:
1) The judge and his staff know NOTHING about finance and are struggling with the division.
2) The judge, a government employee, NEVER wanted the plaintiffs to win, and they did, so he is dragging his feet as much as humanly possible (and doing a good job).
"I think Lamberth sides with the shareholders." Sure thing! LOL (at you)!!!
"this stock is still worth 50 with the warrants"
Easily, but the warrants have been satisfied so you now need to talk with Patswil.
"Courts will take years, so Trump in the next hope. then do we cut off our arm to get free (warrants)?"
In the case where Trump might win the election, is any process underway to educate his upcoming administration about the plight of Fannie and Freddie or do we have to begin anew next January? Release should be the FIRST order of business after the swearing-in because absolutely nothing is going to happen with these socialists . . oops, I mean Democrats.
"IMO the obvious was looking us in the face the entire time.
Biden admins goals NEVER included exit. they have their dream scenario in Cship. control housing mort market, doing uneconomical subsidy programs that cant be forced on comps Outside Cship.
trump/calabria want(ed) exit
— Tony Castelluccio (@T_Castelluccio) April 18, 2024
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Hey TONE! Wees got a problem. You knows some people. Let's get it taken care of!
"Senate Banking & Housing Hearing Begins @ 10:10 am EST ..."
What a waste of the auditory system!! You have five minutes Senator. Here's your soapbox.
"this is where the court system could completely break down, if any judge ignores the judicial process and gives in to Government pressure because they lost. we are truly in a banana republic or worse, communism, where Government does whatever they want for whatever greedy reason they want, and tells judges to ignore the truth and the people"
It's in a shambles now and it's totally the fault of those that play in it . . . the legal profession. QED
Look up the word "RIDICULOUS" in your dictionary. Below is what comes up:
Last Updated: April 17, 2024, 11:59 p.m.
Assigned To: Royce C. Lamberth
Citation: IN RE: FANNIE MAE/FREDDIE MAC SENIOR PREFERRED STOCK PURCHASE AGREEMENT CLASS ACTION LITIGATIONS, 1:13-mc-01288, (D.D.C.)
Date Filed: Nov. 18, 2013
Date Terminated: Oct. 10, 2014
Date of Last Known Filing: April 17, 2024
Cause: Civil Miscellaneous Case
Nature of Suit: 890 Other Statutory Actions
Jury Demand: Defendant
Jurisdiction Type: Federal Question
2013 to 2024!!!! And this comes under the "Speedy Trials Doctrine"??? And worse yet, NOBODY has received a dime as of April 18,2024!!!!
"Personally I don’t care about the current share I care about the success of the company"
What bull shit!
It is, of course, intentional but you would have thought in all this time, one or the other political party would have seized the opportunity to make the other look like an ass for what it had done to private investors.
" Nobody can do anything about it though"
Many CAN but none WANT TO...........................
There's the dumbass talking about a "paper" again. A paper is something done by an academic, from time to time, to make one think they actually have a job and are working. All here are looking for a press release . . . something indicating an action has been taken and not trying to fool anybody!
1. "We seem to be off FHFA’s calendar for events going forward. "
2. "We Won And Are Being Released! $$$$$"
1. Surprised we were ever on its calendar.
2. Wishful Thinking!
"Fannie & Freddie 2023 combined value $7.4 Trillion"
Yet both can be had for a song!
"He must of took the day off and went to the zoo"
So he's in Washington?
"The Dunning-Kruger effect,"
Is that where two corporations can be worth all the money in the world yet trade for $1 on the stock exchanges?
"Legendary, you sound like Clark. Many of us here have been in for a long time, some like Patswil even longer. My buys range from $4.20 all the way to .40. Though I averaged down over the years. Now I have more shares than I originally thought that I would ever have at a lower price than I ever imagined that I would. If I sold now I would take a loss on probably 60,000 shares but would make a decent return on the remaining that I hold. Patswil, to buy at .17 has been here multiple years before myself and I am extremely happy for him after this long ride! Everyone of us has had a chance to average down into a better position except for those that didn’t have the where with all to do it and for those , I wish you well and hope that you will make a nice profit going forward! GLTA!"
You didn't mention me! My first purchase was 1,000 shares at $57+, 20 years ago!!!!!!!!!!
"Suit up and get on board - or stand back away from Launch Pad"
Why are there cobwebs on your Launch Pad?
"So we've been manipulating, preferred and common shareholders"
NO, preferred and common shareholders ARE BEING MANIPULATED, not doing the manipulation.
"#ClownShow. Dumb Sandra hiding under her desk"
Heck of a big desk to get all that booty underneath. Like trying to hide an elephant in a Cracker Jacks box!
Why not let FHFA be run by AI completely? It certainly couldn't do more harm than the trolls that have tried to run it over the past 20 years!
"Biden administration working on releasing the gses"
Good joke there Augie!
"Gse riff raff coming out of the gutters"
In regards to the riff-raff you were addressing, he was typical government fodder nowadays . . . unqualified and useless . . . a a waste of a good desk chair. For several decades now, these administrations take a square peg, try to cram it in a round hole, and try to convince the public it will fit. We joke about Mel Watt but was there any significant difference?
"until someone has the stones to uphold justice and not just be political hacks."
We might need to look to another country to help us with that. Not sure justice exists here anymore.
"I wonder if Paul informed the Donald that he once shook hands with Glen."
Envision the Bill/Monika encounter and replace Bill with Paulson and Monika with Glen. Now you have it! Glen has a stain on his shirt.
"Green today..
US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impres"
McDonalds and Burger King can only offer so many jobs. These new jobs are jobs of little significance.
"All the settlement money went to Fannie & Freddie (after cuts to ACORN and other charities)."
That sounds about right!
"Anything can happen by 5/20."
Considering this deadline is the opportunity for the government to further delay, "anything" will not be good in any way, shape or fashion.
"The Seventh of the Ten Commandments
Thou shalt not steal
from Fannie and Freddie Shareholders"
The U'S. Government kicked God's ass to the curb long ago!
"That in itself should be enough to jail these MF’s!"
To be jailed, they first have to be charged and then the endless legal process to convict them. To gain a conviction, it will probably require at least one honest person. Where in the U.S. Government might we find such a person? The closest one to this date is sitting in a chair in Washington, inside a monument named for him . . . and he is as dead as granite!
"We are not doing to bad. The Dow is down over 400"
F&F don't have 400 points to go down!
"A federal jury awarded shareholders of Fannie Mae and Freddie Mac $612.4 million against the FHFA for improperly sweeping up the companies’ profits to the U.S. Treasury3."
$612M vs. $301B...........0.002033222%
Is that even visible to the naked eye?
"I got minnow balls !"
Congrats! For the longest time, many here thought you were an eunuch!
"Just saying Mnuchin and Calabria didn't do us any favors."
Gargantuan statement of the past 8 years or so!
"if he thinks none of the cases are going anywhere: why not withdraw, spare the plaintiff's money and everyone moves on."
That is where the similarities of a lawyer and a hyena comes into play. Neither will leave with meat still on the bone!
"They applied for extension on 3/20"
The one consistent guaranteed in any of these trials and proceedings.