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you said, "I was thinking"
no thinking allowed here...just LOAD UP and don't look back
?
he listens to DOJ?
he listens to POTUS
he listens to Congress
what is a judge who is a company man --- as Lamberth has a long history -- and I am sure has decided against GOV in many many cases
Indeed
I was thinking about how one replaced a CEO - of an agency - where there is no oversight panel or committee
Indeed - point well taken
Still the question --- on GOV overreach
Congress overreached when they wrote it this way
POTUS overreached when they followed the legislation
Agency overreached when they followed the financing dictated by law
Indeed - self funding - if that is the issue - is not typical and seems wrong ---- but I simply do not include this in the category of overreach which is an interesting point of view in many many cases where IMO the EO is over reach or an agency goes to far with regulation ? or Congress passes law where it should not venture per the constitution
Freddie pulls off low of $1.24 now at $ !.31.5
Fannie pulls off low of $1.35 now at $1.42.5
Raise The Ask - Raise The Ask - Raise The Ask - Raise The Ask -
40210 4/20/202 4MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
Green Money Masheeens - Rolling Thunder
Yes, it is on the website that notice of distribution has been filed. I’ll look for the link for you when I have time unless someone here finds it before me. Thanks.
Do you have any type of GSE related libor link to indicate this "looks like" info.
It would be financially interesting should this settlement ever materialize for all GSE shareholders.
Just by curiosity, didn't you already mention "settlement" coming 3 weeks ago...
FNMA
Looks like Libor settlement will be announced in conjunction with earnings May 5-6, 2024.
Thanks for acting accordingly lol hahaha
Then $1.865 let’s go mm
Money time
To support your thesis, (Wiseman "hates most everyone"),, occasionally, hover over the emojis at the comment/reflection option at that lower left.
He's not shy about his opinion of others.
Correct. Wiseman "hates most everyone" except the government. He hates Pagliara, he hates me, he hates many others, blaming us for the problems. He must be a democrat as he thinks like one. Instead of fixing any problems, they just fix the blame, usually on Trump. Problem solved, according to the democrats, while America suffers all the consequences of their ineptness.
Good to hear. Thanks.
Roger that.
Good. We don’t want Freddie paying damages for something it did not do.
1.63 then boom boom
Sealed doc=white flag, FHFA-C is NOT gov-30days to appeal/delay
Lamberth is a company man.
Over and out.
You are 100% correct. The defendant will not pay one red cent in damages. Ever.
Libor news - motion for distribution of funds FILED
My understanding of the CFPB case is centered on how the agency is funded. Currently CFPB funding bypasses congress, that has the power of the purse.
They're headed for the Gate - Place your bets
sorry
but the money here is not the issue
this is the ONE case where the actions by the GOV have been found to hurt EQUITY - to the point where GOV must pay
The direction and reality of the ruling matters --- not the pennies the judge allows
Is this GOV over reach or is it a ruling on ADDED EXECUTIVE power
Last I looked the EXECUTIVE is part of GOV and I thought the key issue is ability of POTUS to fire an hire at will?
??
Nobody cares about lawsuit other than Preferred shareholders as certain clauses kick in if successful
I’d hate to see Freddie have to shell out a billion dollars in damages which really makes no sense
Again, ideally the verdict is overturned lol
Keep in mind Libor - possibly ends cship immediately
They are a bunch of "ashols." If they didn't believe this was relevant, why did they even defend the case in the first place?
Freddie bagholder, thanks ... That's crazy. 8-0 verdict.
And so called wiseman thinks the gov. is somehow dealing fairly with the shareholders.
here you go:
Fannie/Freddie Consolidated Class Action FHFA, Fannie and Freddie filed their motion for judgment as a matter of law last night, asking Judge Lamberth to ignore the jury verdict, toss the allocation plan, and dismiss shareholders' claims. https://t.co/tVFmbs7uG3 $FNMA #FANNIEGATE pic.twitter.com/w5A6627IFs
— Fanniegate Hero (@DoNotLose) April 18, 2024
Yes, always capital requirements. That’s not the point. the shortfall to adjusted capital requirements totaled $243 billion, with the Company reporting negative regulatory capital ratios given deficit for each tier of capital. Because of the Senior Preferred Stock. And somehow you suggest the government is okay with the stranglehold. The Liquidation Preference continues to increase. And this is okay?
There are always capital requirements. The thresholds are statutory.
Not binding, but FnF have to build capital retaining earnings (Core Capital) once they've been generated.
There is no switch on/off button either.
And no. What the FHFA/UST are doing isn't legal. The Separate Account plan is what is legal, pending unwinding it.
You are showing the ERCF based on the illegal Government theft story that you and other plotters defend in court.
Instead, with the Separate Acct plan, CET1 >2.5 % of ATA.
English much?
No, I did not suggest that, because there are no capital requirements, FnF aren't required to build capital.
How are you mr wiseman fixing this? You continue to make excuses that somehow what the government is doing is legal and a secret plan is in the making to undo the stranglehold on the shareholders.
EXPLAIN THIS AWAY!
While Fannie Mae had a GAAP positive net worth of $78 billion at YE23, the ERCF excludes the stated value of the senior preferred stock ($120.8 billion), as well as a portion of deferred tax assets, resulting in the Company being significantly undercapitalized. Indeed, at YE23, the shortfall to adjusted capital requirements totaled $243 billion, with the Company reporting negative regulatory capital ratios given deficit for each tier of capital.
I’m not playing a fool mr rude man. I have not seen any document where Sandra filed a motion. I must have missed it. Can you or anyone on this board provide a link to such document?
Playing the fool again,Mr.Pro Se? ST filed a motion Rule 50(b) for JMOL, with the objective to alter or amend the judgment based on the jury's verdict.
It was a shadow appeal because, first, the judge didn't reply whether she can file 55 pages, breaking the page limitation.
Secondly, it wasn't related to a jury issue but whether claims travel with the shares that the judge already ruled positively on.
A motion 50(b) (28-day deadline after the judgment) must be a replica of the motion 50(a) for JMOL already submitted previously before the trial, with evidence that had to be submitted to the jury for deliberation. This is why 50(b) is called RENEWED motion for JMOL.
FHFA submitted an oral 50(a) motion, which would hinder the assertion that the same evidence was submitted later in the 50(b) motion with 55 pages.
This is why this 50(b) motion is more like a shadow appeal, although the formal appeal hasn't been submitted yet, with a deadline of 60 days after the judgment.
But, because the judge extended the deadline for filing the brief with the attorney's fees and costs, to 45 days (May 6th) instead of what is stated in the Rule (14 days), he also added that he reserves his discretion to change the deadline for the appeal, making this deadline May 6th, a brief that would be considered a date that resets the 60-day deadline for the appeal.
Quit playing the fool to fabricate court news 24/7 on this board.
You ask a question or post flawed information, expecting that someone will reply or you reply to yourself with your 30+ aliases on this board.
The court news are for the hedge funds, investment banks and Private Equity firms.
The retail investor is waiting for a swift administrative resolution with the announcement of the Separate Account plan.
One thing is that the FHFA suspended the Capital Classifications in 2008 and the capital requirements aren't binding, which is typical of conservatorship, pursuant to the "may" in the FHFA-C's Power: "may put FnF in a sound and solvent condition" and also the FHFA-C's Incidental Power: "Any action authorized by this section, in the best interests of FnF or the FHFA". That is, it's necessary so that the conservator has some leeway to administer the conservatorship, at the time when the companies and the economy are bleeding and still do and in need to fix their operations, organization,...15 years later, that's why the FHFA director still needs the powers and rights from FnF and ours.
In other words, this way, the conservator isn't tied up.
And a different thing is that:
1- The capital requirements must be published because they are statutory (FHEFSSA). This is why FnF have posted the Minimum (Leverage) Capital requirement on their Earnings reports every quarter since day one. The Risk-Based Capital requirement was missing because HERA struck the entire section in the FHEFSSA with the formulaic, with the mandate to the director to come out with a new one.
Not "binding" but they are good to know.
Freddie Mac:
2- You seem to suggest that, because there are no capital requirements, FnF aren't required to build capital. Then, you can take all their capital generated away. Even without thresholds (requirements), they have to build capital.
This is the typical "playing with the words" by the Fanniegate attorneys we are used to. We need to know the thresholds to track the capital shortfall, evaluate their soundness and solvency and to uphold the FHFA-C's power (which means to restore the capital levels: recapitalization), and I've already mentioned that "may" is imperative once the capital has been generated and not a choice, in the legal dictionary.
That is, the statutory capital levels are financial indicators of the financial condition in a financial company.
3- The suspension of Capital Classifications doesn't mean that the statutory section "Capital Classifications" was suspended or repealed, which is another take by the Fanniegate attorneys, where all the definitions regarding capital are set forth, so we learn that the Minimum (Leverage) capital requirement is met with Core Capital and added in the Capital Rule, the CET1 Capital and Tier1 capital; that the Risk-Based Capital requiement is met with Total Capital; that there is a Critical Capital level called "irrelevant" by the FHFA because it triggers a conservatorship during a conservatorship, but it forgot that it needs to be published regardless, currently illegally absent from the ERCF.
They aren't met with the capital metric "Capital Reserve".
The plotters don't like the rules, this is why the Mnuchin Treasury Department recommended Congress to repeal these FHEFSSA definitions in its 2019 UST Plan at the request of a Presidential Memorandum, which attempted to substitute the real 2011 UST 3-option Privatized Housing Finance System for the release, at the request of the Dodd-Frank law and a Report to Congress.
4- The key for the suspension of Capital Classifications that didn't bother to anyone in the first place: somehow the plotters think that, pretending that it was the FHEFSSA section Capital Classifications what was suspended too, commented before, the Restriction on Capital Distributions (U.S.Code §4614(e)) was repealed too, because, HERA, surprisingly, inserted it at the end of the section, whereas the same provision is a stand alone section: Prompt Corrective Action in the banks' FDI Act.
HERA:
5- Likewise, the fact that it took 12 years for the FHFA director to come up with the changes in the capital requirements of the FHEFSSA (18-Month Implementation section, missing), that it was authorized/mandated to carry out in an amendment inserted by HERA (Capital Rule effective February 16, 2021), doesn't mean that FnF don't have to build capital for their financial rehabilitation in the meantime. That is, the typical Transition Period to build capital given by any Federal Agency when there are changes, and the Equity holders have suffered Regulatory Risk (Basel framework for capital requirements, in light of the 2011 UST Plan). It has just made it a "Back-end Capital Rule".
Besides Conservator Risk, not only for the Separate Account plan (Legal, except the 7 Securities Law violations in the process), but also for the extended period beyond what would have been reasonable thresholds for the release (Undercapitalized: C.C. or Tier 1 Captial > 2.5% of ATA. Mandatory release in the prior FHEFSSA; or the resumption of dividend payments afterwards), but "in the best interests of the FHFA" (membership cleansing) it has been extended to CET1 > 2.5% of ATA, so FnF can redeem the JPS (AT1 Capital) and still meet the ERCF with Tier 1 Captial > 2.5% of ATA.
Wait! Because it was extended one quarter more to 4Q2023, so that the laggard Fannie Mae meets the threshold for the resumption of dividend payments (25% of the Prescribed Capital Buffer. Table 8: Payout ratio) after the redemption of JPS, and under the Separate Account plan.
Hi real777melon - where is Jami now?
There trying to get the judge to dismiss it, it won't happen not with an 8 0 jury verdict 🛹🌵🇺🇸
No, I did not see where Sandra filed a motion to throw away Jury verdict and throw away Lamberth verdict in Lamberth court.
Link to the defendant's motion to appeal? Will you kindly share it. Thanks
I see replies to your posts. You contribute nothing here but persistent willful ballads for fighting and are clueless where the battle even is. Push for the political folks to end the conservatorships. The courts are not going to get them out. That ship sailed. Good luck
Delay, delay, that is all it is!
I always hold a core position in fnma fmcc but I am ready to buy cheap again we will see what happens tomorrow 🛹🌵🇺🇸
Actually l think we’re all ready for exit now
We want it to come down for a couple of months so we can buy more then the run up to the election we can sell 🛹🌵🇺🇸
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Fannie Mae (the Federal National Mortgage Association, or FNMA) is a government-sponsored enterprise (GSE) in the U.S. that was established in 1938. Its main purpose is to provide liquidity, stability, and affordability to the U.S. housing market. It does this by purchasing mortgages from lenders (like banks), packaging them into mortgage-backed securities (MBS), and selling those securities to investors. This process ensures that lenders have more capital to issue new home loans, helping more Americans get access to homeownership.
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