The shareholders call on the SEC to probe Bloomberg over lack of controls in the data submitted by financial analysts.
FnF post almost $0 or negative EPS every quarter and, all of a sudden, KBW submits an estimation of $2.89 and $2.4 for 2024 and $3.7 for 2025.
KBW is required to submit its projection of financial statements, not an investment case with assumptions of scenarios.
Attempt by Bloomberg to conceal the existence of a Common Equity Sweep that, in turn, would unveil the prior Common Equity Sweep with the dividends, as a scheme to hold the Common Equity in escrow too.
Both are capital distributions (Dividends and today's SPS LP increased for free. 12 U.S.Code §4502(5)(A)), restricted (Also the Lamberth rebate: CFR 1229.13). The exceptions to the restriction kicked off:
-To pay down the SPS. U.S. Code §4614(e)
-For the recapitalization. CFR 1237.12
Bloomberg follows other attempts, like Bill Ackman and his clerk, Bradford, along with the FNMA CEO and the very FHFA, with: "FnF continue to build capital through retained earnings."
Zero regulatory capital built: it's stuck at an adjusted $-194B Core Capital combined every quarter.
This is stock price manipulation, as the stocks trade according to what they see on the Income Statements and Balance Sheets (adjusted $402B Core Capital shortfall over minimum Leverage capital requirement; $310B SPS still outstanding; Warrant), and not what this organized group says.
$4.8B in Punitive Damages will do it.
