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If the discussion revolves around the GSEs and what the admin action and courts action or what each of the president has done etc, I dont think those posts are delete worthy.. Nor has it been deleted.. It is just the pure political ramblings non stop that doesnt have the words GSEs, FNMA, FMCC that are the ones that i am referring to..
I can defintely confidently say that the GSE content specific political topics are relevant and worthy and dont remember them being deleted at all
This board has so many irrelevant 100% politics and policy discussions that do not have a single iota of reference to GSEs. So actually I don't mind the admins using the whiplash absolutely. The last few weeks have been totally annoying..
The only ones getting paid are the lawyers and the Fhfa
Fire the lawyers and hire ones that only get paid if they win
We’ve been hearing about the SECRET PLAN for about a decade now! When will it be implemented? I thought it was on his desk?
Separare Account plan explained with two tweets:
Also, today's Financial Statement fraud (gifted SPS/offset absent from the Balance Sheets) explained in one of the screenshots that, jointly with Howard's flawed EPS and PER calculation (Income Statements), aim to conceal the phase 3 of this Separate Account plan (necessarily, the Common Equity is held in escrow).
Click in the images to see the entire screenshots uploaded in the tweets. For instance, the exception to the Restriction on Capital Distributions: reduce the SPS (capital distribution #2 in its statutory definition).
CFR1237.12: COMMON EQUITY HELD IN ESCROW DISGUISED AS DIV TOO
— Conservatives against Trump (@CarlosVignote) May 18, 2024
Additionally,SPS repaid at the same time,as per the EXCEPTION to the Restriction on Capital Distribution USC§4614e👇
No actual div ever paid. Restricted/unavailable out of Acc.Deficit Retained Earnings acct.#Fanniegate https://t.co/p2z51yFnRo pic.twitter.com/C5quFGThQD
A $500B rip-off of the shareholders by the crooked litigants and others that write in formal documents, is underway, based solely on the financial concept “capital”, that means:
1- Capital: cash.
2- Capital: regulatory and statutory capital.
3- Capital: Equity or Net Worth (Balance Sheet).
And the capital requirements are met with #2, not with #3. Each threshold in #2 has a capital classification: Adequately Capitalized, etc.
In a financial company, we never say #1 to not create confusion.
FnF have sent to the UST $301B in cash dividends. A dividend is a distribution of Earnings, that is, it's paid out from Earnings, and the Retained Earnings account is CET1 and Core Capital. This is why a dividend is a capital distribution.
The annual earnings and losses on the Income Statements, are later credited to and debited from the Accumulated Retained Earnings account (Balance Sheet). Thus, you need to build up the RE acct (currently adjusted Accumulated Deficit $-216B. The losses in early Conservatorship have been accumulated and then, the "dividends" have prevented FnF from reversing them and build capital requirements. Crazy, right? Evidence in itself of another side in this deal).
A cash dividend reduces both cash (Asset) and Retained Earnings account (Equity).
A dividend isn't an interest payment (expenses).
Then, you can’t ask for SPS “repaid” and a cash refund of $29B, pretending that FnF are Mutual Funds, because that translates into $0 core capital recovered.
The SPS are paid off with simple cash (Asset) and the Earnings aren’t affected, recorded as Accumulated Retained Earnings account, just like happens in any amount of Earnings that the company wants to redeploy in investments. In our case, the first thing that FnF chose was to pay off the taxpayer's assistance. Thus, you have to request a posting in the Retained Earnings account for the $191B of SPS principal and $29B for the overpayment ($220B), in addition to the $29B cash.
None of this has been explained as remedy sought in court.
Playing the fool in the role of financial illiterates is the bread and butter during conservatorships. Let alone their paid shills on social media, with navycmdr: “Cash Equity”.
The thing is that, in a conservatorship for the financial rehabilitation (Put FnF in a sound and solvent condition (Balance Sheet)), measured with the Capital ratios, the capital distributions are restricted, like dividends, today’s SPS increased for free and the Lamberth rebate.
The cover-up of the statutory Restriction on Capital Distributions, supplemented in July 20, 2011, with the CFR1237.12, has been the center of their con operation in the U.S. courts.
The cover-up of a material fact is a felony of Making False Statements.
The key to understand the Separate Account plan, because, as the capital distributions went through despite being restricted, they were assessments applied towards the exceptions in the same rules, so they are now lawful (reduce the SPS and recapitalization outside their Balance Sheets with the supplemental), and understanding that lying is authorized in the FHFA-C’s Incidental Power, as long as the Power is upheld.
And we have proof of this plan about playing the fool! Attorney for Berkowitz and other 4 cases (Rop, , Robinson, Collins), David Thompson, in a conference call hosted by Pagliara.
With respect to capitalization, I am not a regulatory lawyer. I am a litigator....That's being watched by a number of sophisticated lawyers...
22:30 mark:https://web.archive.org/web/20200619174039/https://investorsunite.org/wp-content/uploads/2020/01/1-24-IU-Teleconference-Audio.mp3
BOTTOM LINE
This is why unwinding the Separate Account plan, which, in the end, it’s a normal Conservatorship carried out secretly, consists in determining that the SPS had been paid off through the end of 2013 in Freddie Mac (signature image below), and end of 2014 in Fannie Mae. It isn’t asking for SPS cancelled or debt forgiveness with “SPS, written off”.
What type of bailout mechanism is to swell the SPS and, 16 years later, ask for debt forgiveness?
Let alone a swap SPS for Cs, for the assault on the ownership, and requiring that the JPS have the same haircut of the conversion too, to boost the CET1, as stated by the plaintiff Bryndon Fisher two days ago with one of his aliases in this board. No, you have prevented FnF from recording this CET1 in the first place.
The scammers' take translate into massive dilution of the shareholders in the EPS and percentage of ownership in FnF (warrant, swap SPS/JPS for Cs, stock offerings to meet the capital requirements). The lower the common stock price, the more Cs they get for their Preferred Stocks, if it wasn't because, with only $132B, not only a haircut is necessary in the SPS ($325B SPS outstanding), but the JPS are wiped out (Fair Value $9 in $FNMAS, with 17 years left to resume the dividend payments with 25% of the Prescribed Capita Buffer. But, as every year there are 17 years left with the ongoing Common Equity Sweep, today's market price of $4.5 can be its fair value). This isn't a case of Debt restructuring, where the debt trades at a fair value close to face value. A security recorded in Equity has other stock valuation, regardless that this security is a fixed-income security too.
That is, Fanniegate is a case of stock price manipulation.
Unwinding the Separate Account plan, means that $433B Retained Earnings account are missing on the Balance Sheets: $191B worth SPS have been paid down, $110B in dividends were restricted and currently $131B of Retained Earnings that do appear, but because there is Financial Statement fraud, so $131B is CET1 held in escrow too.
So many years playing the fool that now they have to wear diapers.
They are required to pay us $4.8B in punitive damages.
Bradford is having fun using multiple aliases to have conversations with himself, with the objective to harass the shareholders and favor his fixed-income security JPS:
-I agree.
-No, I disagree.
-Weee! I tend to agree to disagree.
JOao0ky doesn't work on weekends, right?
They can't appeal correct,? If Lamberth rejects this demand??
Ban them Shelly ! When you see a snake shoot it, don’t order books on reptiles. You have my permission to proceed!
Sammy
The problem is, both these party loyalists won't leave this board and will torture us with their political affiliated agenda discussions :)). We are stuck with this nonsense until conservatorship ends and then leave this board for ever. Until then, I don't see any changes. I wish they take it to the specific board and if you can ban a few, it will help. LOL
I guess so. Whatever you want to call it. Live in dreamland if you wish but Treasury won't turn into a charity. If they have in the past, point it out.
Ha - I'm pretty apolitical in general. I'm saying "Keep the politics off this board whatever your persuasion".
Are you saying you’re a republican or democrat?
So, the plaintiffs want more time to oppose the government's motion.
They are just delaying and delaying.
Government has filed a motion to dismiss the 8-0 verdict about a month ago.
Lamberth has not responded to that yet.
Waiting on Lamberth; what is new.
Important Note: There are entirely too many political posts on the Fannie and Freddie stock specific boards. There are now three boards to discuss these stocks:
This board is for discussion of the company/stock for FNMA-no politics: https://investorshub.advfn.com/Fannie-Mae-FNMA-13035
This board is for discussion of the company/stock for FMCC-no politics https://investorshub.advfn.com/Freddie-Mac-FMCC-13016
This board is for discussion of the two companies as it relates to the political landscape https://investorshub.advfn.com/boards/board.aspx?board_id=43002
Please keep your posts to the appropriate boards.
No. Quiet possibly Lamberth was waiting on a draft opinion for the CFPB case. I at least took this latest signed order as a clue we'd get the CFPB opinion last week.
Many moving parts to this quagmire.
https://storage.courtlistener.com/recap/gov.uscourts.dcd.163155/gov.uscourts.dcd.163155.427.0.pdf
Are we waiting for Royce for anything?
Just like the last time around, commons followed preferreds to begin with and then took off. Looking for a larger upside move by the end of this week! GLTA!!!!
All equity is at risk of a write down --- and then maybe JPS will do better in a 30 year court battle
We will see what the GOV decides to do ---- and IMO the warrants may save equity !!
GOV does not need to squash equity ---- when it has 4B shares via Warrants AND WILL WANT A HIGH PRICE PER SHARE AS IT SELLS THOSE 4 BILLION OFF.. WRITING OFF THE SP VALUE (LP) PUTS THE GSEs IN POSITIVE CAPITAL TERRITORY - MASSIVELY INCREASING THE PRICE PER SHARE THEY CAN GET WITH THEIR 4B . WE - THE OTHER BILLION - RIDE ALONG FOR A $25 PRICE PER SHARE
There were no loans
As per GAAP per Treasury - all cash - 300B - is classified and booked as dividends
Do not shoot the messenger
It is amazing Wall street journal or other financial news channels or newspapers did not publish about this while a newspaper in one of the poorest country did recognize the theft by corrupt USA government.
You are giving way too much credence to the 52 reader base blog
Then they wanted the rest of the world to invest in corrupt USA!
As you said, “if you look at it from 2007 is unfair, involved accounting fraud and government deception” …
why not be a good citizen write about it publish it on your seeking alpha? Explain to us what’s unfair, accounting fraud, government deception. If seeking alpha want let you publish it at least post it on this board.
Actually jps are fine with wherever commons end up so long as it is not zero. The reason jps do not own commons is because they lack security based on a spspa monetization scenario. Sure that scenario if you look at it from 2007 is unfair, involved accounting fraud and government deception — but the courts are with the government and so that is a tough reality to reconcile i suppose for people who think the world is fair. Good luck bud
No, because getting along with the KTCarneyCorkerShell game gang is for them to get PAR, commons to go to 10c, every dilution theft known to man happens to commons and is somehow ok or legal in their puny little minds, then there is an IPO where they convert to commons for pennies on a dollar and Commons somehow through years of fantasy and receivership like events, it goes to 100 and they become rich while commons all go broke. All this cooked up years ago while they lose case after case in court with their laser focus on greed and screw everyone else cause facts of how it all happened and how its occasionally declared unconstitutional yet never used in any cases right up to SCOTUS.
Quote: “ making the SPS "disappear", which is never going to happen.”
Oh, so you’re a Prophet now.
Warriors! Can’t we all just get along?
JP, SP, Commons, liquidation, conversion, and let’s not forget the “Secret Plan”, the list of analogies goes on & on. Nothing has happened in 15+ years! So, until then, Can’t we all just get along? The ONLY one winning for the last 15+ years is the Gov
-Boat
did you not sell off and go away? Why are you still lurking here?
Someone just reposted an oldie:
News outlets in Bangladesh recognize our government swindle while the media and politicians in this bastion of democracy hide under their beds in fear of exposing the truth!https://t.co/Yv8nahhhDq
— Guido da Costa Pereira (@GuidoPerei) August 18, 2023
AND --- if that is the total dilution --- I vote my shares or take that price --- in a heartbeat
Due the math on the investment at 10% per year - and we have not paid it off
common and or JPS
the threat is - again IMO -- not a dilution due to WTS --- which leaves JPS ok - cost no cash - and common are likely worth 25 post such "mild dilution"
the threat to F and F - be it JPS or Common is the overhang "obligation" GOV can want -- in any form - of over 200B in LP/SP
sorry - but as always I think the JPS have some added "protection" -- but we have seen the world of F and F is not reality - so do not count on anything REAL as 100%
why would capital level increase when SP is removed via conversion to other equity ?
Warrant monetization brings immediate injunction and will immediately bring attn to the court warrants are null and void once the 10% payback agreement was satisfied…
$400x24months to FTHB will be paid by GSE in exchange of warrants
1. SPS to be writen off because SPS+10%+$30B extra already paid.
2. Extra $30B will be used towards LOC of $300B for next 10 years.
3. Returned warrants to GSE to be used towards payment of $400 per month for next 24 months to FTHB and starter homesellers as proposed in the SOTU. Blame congress for not doing so as proposed in SOTU.
4. GSE raise capital using 50% of warrants; that's 40% dilution.
5. Big announcement may be on Memorial day or Independence Day.
Per the GOV
It was not a loan with interest
Per the GOV
it was an equity investment in senior preferred stock and per the GOV every penny sent from F and F to Treasury has been a dividend
Thus - per the GOV - nothing is paid back
It may be the loved KT - or ? --- but apparently the GOV shows the value at about 85% of face - or I think 170B across F and F --- owed to them
Do not shoot the messenger ---- I believe that the GOV can call it investment not loan and dividend not interest but but but I believe that at their wish Treasury can call it paid off - given the $ amount of cash sent to Treasury -- no math.
I tend to agree here. The commons are a gamble on write down. Which i think is a bet on warrant monetization to fund housing
others can point it out - with specifics
but in some report - annual routine or special - the GOV (Treasury) does note in a footnote that they can not forgive the SP stock
IMO that is a "GOV" decision not written in a law ---- and I do believe the GOV can decide (without Congress) to declare the SP value paid !!
others might have that footnote reference
Actually, two of his bosses had just been attacked.
Right so no need to sell warrants
Beware of Guido always posting false information.
Now repeating once again the repurchase of the Warrant, when he saw that one of his bosses was being attacked in this board (Timothy Howard, Pagliara and Bryndon Fisher).
He mistakes the exercise price for the value of the Warrant (I mention the Warrant value at the end of the comment).
He can't understand the text that he is reading, because the Treasury press release talks about
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