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"law and justice will win. always does."
- Yikes. You are ignoring a ton of history!
True. But knowing all the details and remaining quiet doesn't help. Add your voice with all the correct details. Contact the legislators and the media.
That’s true, but ya better have your facts in order. They don’t give a shit about theft in D.C. - especially if it were only 8000 victims when the thief is the govt - unless these 8000 were mega donors. Better to speak up knowing what you’re talking about, putting some intelligent force & appeal in your message and for Christ’s sake reference the masses of potential voters holding these shares.
Actually, we need more shareholders to speak up. Staying quite when you're being swindled makes you either a saint or a coward. Those who aren't saints, MAKE SOME NOISE!
You're certainly mean-spirited
and hostile
You don’t do ANYBODY ANY favors sending shit like that to these fraudsters. First, have your facts straight; second, find someone who can write beyond a rudimentary level (or use AI) these people live in the stratosphere and they’ll just blow you off as a greedy unsophisticated simpleton deserving of the Treasury shakedown. There are NOT just 8000 shareholders. The companies report what they know to be “registered” shareholders. Look that up; the overwhelming majority of shareholders are NOT registered in the sense of what the GSEs are reporting.
https://www.wsj.com/articles/return-of-the-housing-godzillas-fannie-freddie-biden-second-mortgages-f7ac7d77?st=120b24forsh61c5&reflink=article_copyURL_share WSJ doesn’t like the idea of second mortgages sponsored by Fannie and Freddie actually sounds like a good plan to me
I just sent this note to McHenry:
Mr. McHenry
It’s close to a crime that Fannie Mae and Freddie Mac are still in Conservatorship, which has caused great financial distress to a great many shareholders, and left others in financial limbo. In total around 8000 shareholders
have been negatively affected by the Conservatorship.
when you have an option of 2 roads to travel at a turn, the most difficult, if the right one, should be taken. shareholders are on the right one following the law.
those taking the wrong road, consider themselves above the law:fellow travelers issue net worth sweep memo overnight, questions unanimous jury verdict, delay, delay, 16 yrs in making, hide stress test, considers fannie and freddie like a bank , a bank that keeps your cash and your savings account , and asking for an absurd capital level while doling out with other hand.
law and justice will win. always does. time. but time value of money will continue to erode this.
file it with sec if you haven't, better than posting here, can just copy and paste from many of the issues raised here.
i have been saying that they want all to go away
if true, it is bullish in itself. i am not sure though if sec can block any buyer (ftc can) and why the news isn't public. anyone can buy it if fhfa thinks they need ton of money and headed for receivership. so much balooney out there (and here)
Do you have a link for this ?
The night is darkest before dawn
SEC blocked Buffett and Munger from buying FnF.
Anticapitalism was summoned during the Senate hearing, organized by the chairman, senator Brown, and the Goldman Sachs alumni, Sandra Thompson.
ST was very interested in highlighting that only "mom-and-pop businessmen" invest in their Multifamily business (Apartment buildings for rentals), when their Charter Act doesn't distinguish between small and large investors, as long as the clause Credit Enhancement is upheld (currently violated with the CRTs, and before, with the PLMBSs).
In the Multifamily business, Freddie Mac, which is the lead player (Fannie Mae catched up in volume a few years ago), issues K-certificates, which are comprised of bonds guaranteed by other players (just like the Commingled securities in the single-family business since 2020), which complies with the number 3 in the Credit Enhancement clause.
The last turn was senator Brown, who used the Senate and his position as Chairman, to bring to the town square one of his fellow neighbors of his home town, accused of being a businessman, and he set him on fire, for all the world to see.
Clearly, they aimed to prevent FnF from being acquired by Private Equity firms.
The sellers of business to FnF can't become owners of FnF.
Neither the banks that originate mortgages, nor Warren Buffett who owns Clayton Homes, the largest builder of manufactured housing and modular homes in the United States.
A question of conflict of interests, regardless that their BODs include builders, required by law.
FnF include the acquisitions of mortgages secured by manufactured homes since 2018.
But I'm sure there are many other Private Equity firms willing to own FnF.
As long as they acquire our stocks at their fair value, either directly or through an intermediary (the Treasury department buys us out at the stocks' Book Value), I'm good with that.
The JPS aren't part of a takeover, as they are redeemed by FnF at their fair value of par value.
Finally, remember that their huge Other Investments Portfolios, the most liquid mortgage-related Investments and the swelled Restricted Cash in Fannie Mae ($33 billion), facilitate a Leveraged Buyout of FnF, using most of those assets to finance the acquisition.
No, scammer. Both ideas are written in different sentences, separated by a full stop.
Fannie Mae says that:
I've heard it said that, "Just when things seem
their worst, things get better."
Oh wow. Gabby and I were wondering the same thing today as we enjoyed our lunch at Costco. It is true. Great minds think alike.
this could be our story as well
this soap opera could go on and on
delay
delay
delay
until all the shareholders go away
-I listened to a pod cast this am about the economy and investments. he said the best way to get shareholders to leave an investment is time, meaning hold the price until they leave because no patience. he was referencing gold for so many years being held down. same as FNMA and FMCC. They don't want us owning this. IMO
well just look at his treasury and fhfa hires.
it tells the whole story about no one in power with any experience.
LOL
“As for the company's growing pile of cash and Treasury holdings, Buffett said it is likely the value of these holdings exceeds $200 billion during the current quarter, noting he's "quite satisfied" with the position.”
Good grief, He alone could easily recap FNF. The tier 1 capital (commons) would meet the stupid capital requirements.
Go back to sleep. When you wake up everything should be back to normal. If it isn't, go back to sleep again. Or, you could just look at calendar.
Trading slow today, price unchanged
Plus no volume...what's up with that?
How's the hero Jared Bernstein doing?
WH should not trot Jared Bernstein out to brief public on the economy, about which he knows little. MIT Economics trained NEC Director Lael Brainard would be the appropriate spokesperson for Biden...but maybe she is reluctant to project "economy is great" when it is really… https://t.co/C3DTxenLuD
— Harald Malmgren (@Halsrethink) May 4, 2024
Yes yes Munger picked Fannie and Freddie for Berkshire Hathaway before kicking the bucket.
no point asking as you know. were you able to file sec case? he got ticked off with my sec post, is a sign as we know fellow travelers do not want that. put down all of your thoughts but in multiple complaints to keep it short. good luck.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174356074
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174354721
$FNMA The Government has held Fannie and Freddie $FMCC , back so long they might not have any option but to release them clean. If they don’t let FnF start doing what they were designed for, mortgage rates will be 9-10% before the election.
Wiseman you are a nut case!
I didn’t say this the company said it.
Again: Page 105 Quote: Regulatory Capital Requirements we had positive net worth under GAAP $82 billion. EXCLUDES the stated value of the Senior Preferred Stock $120.8 billion.
Short fall of $243 billion of available capital (deficit) to the total capital requirement.
https://www.fanniemae.com/media/51196/display
AGAIN: “Separate Account plan” kindly, explain to us how this will unfold. And when will this take place? Hello !
Buffett: Munger's last stock pick FNMA,FMCC?
More evidence of a conspiracy FHFA-C and the Plaintiffs.
The unsophisticated lawyer from Ihub, is Mr. Pro Se, who also participated in the Madoff scandal, in charge of the bankruptcy to spin undervalued assets off to themselves.
The same accusation against Mnuchin and his buddy, Berkowitz, in the U.S. courts, as Defendants in the bankruptcy of the retailer Sears they were executives from (they forced the retailer to take out loans they granted personally, knowing that the retailer couldn't pay it back, with a huge collateral attached. Source: lawsuit).
Now, it's been spotted that FnF and the pro se plaintiff calculate the capital metrics the same way, not how the Basel Committee on Supervision (FHFA Capital Rule) and FHFA regulation 12 CFR 1240.20(b), assess it, with the sum of its components.
Certainly, this financial illiterate plaintiff (or how the attorney for Berkowitz, David Thompson, calls himself "unsophisticated lawyer" after pointing out that he is not a regulatory lawyer, but a litigator), couldn't have come up with the formulaic himself, that attempts to pass the Net Worth off as regulatory capital.
Both follow the instructions from the conservator, FHFA director Sandra Thompson, in charge of, precisely, regulatory policy, capital policy and financial analysis, since she arrived as deputy director in 2013.
Both currently parties in the Lamberth court with an "implied contract" claim (fiction), because they are reluctant to unveil the Separate Account plan (explained in the link provided in my prior comment) in accordance with the law and basic finance.
They rather play the fool.
That's the Capital Rule.
— Conservatives against Trump (@CarlosVignote) May 3, 2024
Then,FHFA outlined the definition of CET1 in regulation 12CFR1240.20(b)
It consists of the sum of the following elements:
Common share par value, less Treasury Stock(stock buybacks)
Additional Paid-In Capital acct
Retained Earnings acct(limit in DTA)
AOCI
The shareholders already filed a S.E.C. complaint in August 2020, denouncing the SPS LP and its offset with reduction of Retained Earnings account, absent from their balance sheets.
Posted at the end of this comment.
Important clarification: the charge on the Income Statement that makes FnF post $0 EPS every quarter, is correct.
There was a theory at the time, that the SPS LP increase for free was only an Equity transaction (balance sheet) and thus, it can't appear on the Income Statement.
Later, it's been rectified and their Income Statements are correct.
A SEC complaint doesn't understand of White House administrations or congressmen that come and go.
Don't mix up the Separate Account plan with your add-ons, Mr. Pro Se.
Crazy stuff with your 30+ aliases, with the objective to tarnish the image of those that truly post in-depth analysis: "spsa an illegal contract", "illegal actions of treasury to appropriate 200 billion in taxpayer debt", etc.
An by the way, the U.S. banks have the same Basel framework and the same capital requirements as FnF with the Risk-based capital ratios (RWA): CET1=4.5%; Tier 1 capital=6%; Total Capital=8%.
With the Leverage ratios (adjusted total assets), the banks have more stringent capital requirements: Tier 1 capital=4%, whereas 2.5% in FnF.
Only complete idiots think buffet has anything to do with it. So we don’t have to worry about any change
It is highly probable the recent increase in the share price from 50 cents to $1.50 was entirely due to Buffett slapping our ASK. We needed a good slapping anyways. Interestingly enough my girlfriend Gabby and I were discussing this very matter during dinner at the Costco food court. We split a dog cause that’s all I can afford. Afterwards while shopping at Costco we ran into Calabria. He was buying bulk cat food. In the next aisle Gabby and I ran into Mnuchin. He was buying bulk lip balm. I asked Mnuchin myself why do you need so much lip balm. He replied “I need it for all the lip service I provide.” Gabby and I agreed. We then moved on to the cashier line. Low and behold we saw Watt huffing and puffing completely out of breath. I asked Watt why are you panting so much. He replied he was chasing all women with tattoos. Gabby and I then left Costco. We are expecting our first.
Could be RKT too. He and Dan Gilbert are good buddies for a long time.. just saying. Still part of the mortgage world without the uncertainty of the government noose around the neck..
for the lazy ones, here is the link
https://www.sec.gov/oiea/Complaint.html
your weekend homework, don't get a 'f' must get an 'a'
joke aside, we all must do it, it will be useful, everything else has failed
flood the sec site . it is the fannie weekend. at least we are following the law.. sec database and the record cannot be wiped out, not any party's property but will be a permanent record.
instant gratification : a cool emoji when you confirm that you got an "a"
kill the guarantee by Treasury
kill the asset held by Treasury - LP/SP that does not pay cash
use the WTS
(and ?? free us ?? as you raise say 100B on 4B shares over two years - for total shares outstanding of 5B !!)
No conversion and I can live with it mild dilution
I love it - with my expansion
It's almost a "gimme" that it's not F&F!
Green Day
only a penny each for Fannie and Freddie
Strong Support for Next Week
the rumor mill on buffett buying fannie stock may be clear tommorrow?
https://www.cnbc.com/2024/05/03/berkshire-hathaways-big-mystery-stock-wager-could-be-revealed-soon.html
why not sec do that same for fannie mae and freddie mac? in fannie case, it is even bigger where lots of laws violated and misrepresentations. read the cnbc link below , read all of it to see where i am coming from. how about you all file with sec so that it can be acted upon by this administration or future ones? at least it is on record.
put down all of the info on secret accounts, manipulation, substitution of common equity for sps, gifted sps absent from the balance sheets, ghost shares, concealing the components of each capital metric, warrants at $0.001, 16 yr conservatorship, arbitrary capital rule when banks have no such capital levels, spsa an illegal contract, charter act prohibiting the commitment fees, illegal actions of treasury to appropriate 200 billion in taxpayer debt, taking non regulatory control of the companies through the spsa , ownership of more than 50% of the companies requires them under the gao act and the cfo act to consolidate the gse’s onto the nations balance sheet, violation of the 14th amendment to the constitution by repudiating the 5 trillion plus in debt the treasury has acquired through their actions since 2008, lots of violation of laws. blah blah whatever. you will have a confirmation email to follow up. better than posting here or on twitter or to clueless congress
if each one of us do, it will get the attention, sooner or later as official record and someone can offcially act on it
https://www.cnbc.com/2024/05/03/trump-media-auditor-charged-by-sec-with-massive-fraud-permanently-barred-from-public-company-audits.html
Yeah, right. That must be it.
Nows its 3 share purchases.
Maybe it’s a 4 3 2 1
BOOM signal.
stop with this foolish rumor. serves no purpose.
It a good day to not go long . Too much uncertainty (FNMA) for debt riddled company in conservatorship. No profit divided available for frustrated investor looking for funds for new power boat for upcoming holiday.
Money needed for newcomers basic needs such as housing and food .
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