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If you are not going to file your own lawsuit, your negative thoughts against people who have fought in court to defend your property rights should be kept to yourself because they are not helpful
Tomorrow?
FNMA up 5-8 cents minimum
FMCC up 5-8 cents minimum
Take it to the Bankola
Correct I have been saying the same thing for years. Corrupt attorneys. If you heard Hume on the Rood podcast he openly admitted dropping the appeal on national security grounds and not challenging the original takeover apparently his patriotism is stronger than his duty to his clients. There is a reason why most these cases were consolidated and in almost every filing they said they were competent attorneys so to avoid anyone else from interfering.
Also just because a billionaire is funding the lawsuit doesn't make him smart. In all likelihood they are probably conflicted financially and the gubmint has dirt on them so they put in a little effort but don't go all the way and drop appeals. Sort of like a catch and kill scheme.
Name any lawyer who brought before any court in connection with Fannie and Freddie
HOUSING AND ECONOMIC RECOVERY ACT OF 2008 RESTRICTION ON CAPITAL DISTRIBUTIONS.
As plain as day!
It’s bad faith and unfair dealing when the Regulator is authorized to pay down the Senior Preferred Stock and sent the Net Worth without the pay down option. The FHFA Director doesn’t need the Treasury approval to pay down the Senior Preferred Stock the Director has the authority from Congress written in HERA:
HOUSING AND ECONOMIC RECOVERY ACT OF 2008
RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.
Quote: “Page 2732
EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.
NOTE: REPURCHASE, REDEEM, RETIRE...
WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.
Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf
In essence allows the trustees of Fannie and Freddie to go to the market at any time to raise new capital, including new capital with lower dividend coupons, to buy back the Treasury’s senior preferred. Any loyal conservator of Fannie and Freddie would take advantage of this refinancing option to end the bailout arrangement, by paying off the senior preferred in full. The Treasury did not take a Perpetual Equity Investment in the enterprises, the Treasury stated a temporary investment period!
Advise to not hold your breath. Even if Lamberth flushes the jury verdict down the toilet, it's not happening.
This is my understanding of what took place at the SCOTUS. The Plaintiffs brought the wrong lawsuit. The federal statutes ( THE LAW ) was not mentioned at all before the SCOTUS.
The Federal statutes are the Charter Act, the Safety and Soundness Act of 1992, as amended by HERA, and Administrative Procedures Act, and potentially the Chief Financial Officers Act. None of the litigation made any claims of violation of these acts.
All the lawsuits challenged the actions of the Conservator within the terms of the SPSPA... AND The Supreme Court basically said we will not rule or give Judgment are act as an arbitrator on the contract the SPSPA. So, the NWS was not validated as legal or illegal by the Court: The Court dismissed the lawsuit.
Well, looks like big money people who hired and paid the lawyers were that stupid THE LAW was not mentioned. Not only at the SCOTUS but I’m thinking every lawsuit that has been brought. Can anyone name one that actually referenced the Federal Statutes governing the GSE’s ??
I was sleeping through the close, sorry, but looks like
we stayed green for both Fannie and Freddie...
Berkowitz has run for the hills..if that is any sort of indication lol
KTCarney and associates have been stupidly trying to laser focus their efforts and failed just when it mattered most in Supreme court. Still remember that Bozo telling SCOTUS, after they asked him exactly what did he want. He said 2 laser focused things, that even i would have been surprised or offended to hear someone say when u came so far. Hey can i have a pack of gum and a tube of lubricant here, ill take one for the team as long as Preferred's get cash and commons get screwed. All their effort were laser focused losing requests.
Still awaiting Barron & Co lawsuit.
again
for those who want facts
Bush started it all and we all know that --- we can remember the day
And DJT was there as POTUS for four years between Obama and Biden
so the factual sentence - if we want to use the word swindle is Bush Obama Trump Biden administrations swindled $301B .....
So
in your view it is not corrupt courts as many posit
it is not the way HERA was written
but inept and or corrupt lawyers who "threw" the argument - by filing the wrong claims and then not lawyering well after that?
Personally - hard for me to believe the big money people who hired and paid the lawyers were that stupid??
Why? Trump defanged Dodd-Frank back in 2018. Does it really still do anything?
"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!
Do they currently need Sandra's permission to use the bathroom?
The reason you do not understand is because you fail to understand. The answer to why the Supremes and every other court for that matter ruled the way they did has been answered in my posts for a couple years now. You have eyes. Go read them. The plaintiff attorneys have corruptly conspired to obfuscate the issues for decades and run the clock out by refusing to allege any law breaking by the government, choosing instead to play nicely in the HERA powers of Conservator sandbox. Hello. HERA says you cant challenge the actions of the conservator. Its called the presumption of correctness. The same way you can never actually win a property tax claim, unless the tax assessor does something wrong. Plaintiff attorneys had some 15 years to bring claims of illegal activity wrt charter act safety and soundness laws etc. they corruptly chose not to. Now here we are. Better hope carlos is right.
Can we breakthrough $1.47 today ? Dr. TightCoil ?
worried about his stock? why doesn’t he worry with what is going on with fannie and freddie for last 16 years? hypocrites.
https://www.cnbc.com/2024/04/24/djt-trump-media-ceo-asks-house-gop-to-launch-stock-manipulation-probe.html
CEOs will have full power. They will also have the lock code for the bathrooms and a private parking spot. Doing the company employees on the boardroom table might be frowned upon although I am okay with it. Just cleanup after.
All power goes back to Companies BOD and CEO yes also included common voting rights and powers
1.50 today? low volume, so probably not but maybe the MM's will be distracted at lunch today. LOL
Queen Sandra might be headed for some trouble
Dodd-Frank Today
Senate Banking Committee questions FHFA, HUD leaders on regulatory oversight
Asserting the need for more oversight of federal housing regulators, the Senate Banking, Housing and Urban Affairs Committee convened a hearing to address pressing issues in the housing sector and assess the performance of its principal regulatory bodies. The hearing featured testimony from Federal Housing Finance Agency Director Sandra Thompson and Department of Housing and Urban Development Acting Secretary Adrianne Todman
My framework for understanding stock prices is that they move on two things and two things alone: accrual and speculation. This statement of hers was to Congress so we have to assume it's true. Hopefully what the market is now articulating is that it's no longer in speculative territory and we've started to conservatively accrue for 2024 - notwithstanding whatever comes out of the courts.
does anyone know after conservatorship if the CEO's will have power again
to challenge things like
-why are the GSE's funding the FHFA?
-we do not agree with CRT's
-we need our own board via a vote
-etc
any other things the CEO's should question to ask for change
TIA
Yeah I’m good with that too
She would become the regulator in a utility model. I’m pretty confident that is where we are eventually headed. Not a big deal. A regulator has very little power or say. A regulator monitors for price gauging.
Fred B, when did ST say this and where do you have a link ? TIA
It would be helpful if she has a timeline for results on the tasks desired to be completed based on goals needed to be met.
Seems to be a predictable or predetermined option that was well thought out premeditated idea - when will it come in to play is any body’s guess
I hated the first ruling but bluntly - I saw the logic - even if I disagreed - given HERA said in plain language English COURTS STAY AWAY
I do not understand - at all - how SCOTUS was so blind and stupid or ? in how they ruled that all - all - was 100% kosher
nonsense and shame on them
By then it was clear ---- for sure IMO - that the property we owned had been taken illegally - and SCOTUS said - nope - all good
2028 the latest … that is, if the entire system isn’t totally corrupt
$Fannie $Mae Announces $Release of 1st Qtr 2024 Financial $Results
$Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.
April 23, 2024
Company to Host Conference Call
WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.
Fannie Mae has scheduled a conference call to discuss the company’s results at 8:00 a.m., ET, on April 30, 2024.
Prior to the call, the company’s first quarter 2024 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company’s Quarterly and Annual Results webpage at fanniemae.com/financialresults. Following the call, a transcript will be published to the same webpage and will remain available until our next quarterly earnings announcement.
CONFERENCE CALL PARTICIPATION DETAILS – Fannie Mae First Quarter 2024 Financial Results
Event day and time
Tuesday, April 30, 2024
8:00 AM (ET)
Listen-only webcast:
https://event.webcasts.com/starthere.jsp?ei=1665149&tp_key=3a283801d1
Click on the link above to attend the presentation from your laptop, tablet, or mobile device. Audio will stream through your selected device. If you have difficulty accessing the webcast, please click the "Listen by Phone" button on the webcast player and dial the number provided.
Slap that Ask Gentleman Haramashii Candles formation evident, no resistance until $2.32 !
IMHO...His first ruling was tantamount to a government bailout. This current verdict is meaningless in his hands. Company man.
Oversight committee after cjip exit?
We’ll get a huge pop either way
No one is selling the government will never get 8 0 win over turned 🛹🌵🇺🇸
What she said is translated as: I"m gonna milk this thing as much as possible
After = 10 years from now.
Securing her job even after exit lol
Sandra said this. Not sure what to make of this.
The keyword here is "after".
FHFA will build upon this work to promote the sustainability and durability of these reforms after the Enterprises exit conservatorship.
Any attempt to ask for debt forgiveness (SPS, canceled) will be defused.
FnF are NOT a third world country.
Yeah! FnF are doing great! Like 🇦🇷 w/ the IMF, right?
— Conservatives against Trump (@CarlosVignote) April 24, 2024
Then,debt forgiveness(FnF/🇦🇷)
Adj $402B C.C. shortfall over Min Leverage C.requirement.
$426B Common Equity held in escrow in accordance w/ the law/rules/Finance.
"Judge for yourself what that means."
No, you first.#Fanniegate https://t.co/S39QTqSKi9
"GSE Act" is how FnF call the FHEFSSA of 1992 in their Earnings reports, deviating from the original name cut short for "FHE Act" that appears in formal documents, like in the SPSPA:
It isn't just an attempt to undermine the existence of the FHEFSSA, with all the definitions capital-related, and to conceal the fact that FnF have a congressional Charter (The Charter Act), blending both names into GSE Act, already pointed out.
It's worth highlighting that they also target the fact that FnF are private corporations, and instead, they follow the mantra initiated by Mnuchin, of emphasizing that FnF are Government Sponsored Enterprises (GSEs) when talking about FnF, pretending that this concept prevents the notion that FnF are private shareholder-owned enterprises and public companies (publicly traded stocks that represent an aliquot portion of the ownership of FnF), along with the other mantra: "Cash Equity", all of a sudden, they turn the FHFA into HUD, and FnF turned into the FHA's MMIF.
In sum, they conceal that FnF are congressionally-chartered private corporations.
There is nothing wrong with the name GSEs, if it isn't an attempt to conceal that it's a name deviated from the original government-sponsored private corporation, that we can see in the 1968 Act with the privatization of Fannie Mae, where Ginnie Mae was spun off, taking the special assistance functions with it.
Finally, if someone watched the Senate hearing of last week, he hardly would have noticed that FnF are still in Conservatorship (Conservatorship occurs only in your imagination) and then, shocked after realizing that there isn't the required autonomy of the FHFA from FnF, 15 years on.
A lot going on with a simple: "GSE Act".
They want to deprive everything of its value or meaning: unbacked tokens, etc.
The case against the crooked litigants and other peddlers of the government theft story using formal documents, publicly available, is clear.
It began with "SPS, repaid" and with the overpayment, a "cash refund", thinking that FnF are Mutual Funds, like the FHA's MMIF, disregarding that, if FnF reduced the SPS and more, under the guise of dividend payments, it prevented them from recording the Retained Earnings as Core Capital in the first place (double entry accounting Cash-RE), and then, the SPS are reduced with simple cash. Watch the chart of Freddie Mac in my signature image, to see how it played out (This is fixed with the way the adjusted Common Equity as of end of 2023 was assessed, for the BVPS).
It has ended up asking for debt forgiveness (SPS canceled), like Argentina and the IMF nowadays, both begging for an authorization by the UST to cancel the debt.
IMF: "Argentina is doing great!". Yeah...great, with the IMF interest payments of April in arrears.
All of the above can't be part of the complaint and remedies sought by a serious lawyer. This is the reason why the attorney for Berkwitz and other 4 cases he seized control of, expelling the original lawyers to control the narrative and school the judges against us, David Thompson, said that he is an unsophisticated lawyer in financial and Capital Adequacy matters (watch the tweet cited below that includes an audio recording, during a Conference Call hosted by Pagliara), in an attempt to be exempt from crippling liabilities: stock price manipulation, abuse of court process and Making False Statements.
He also has formally asked in the U.S. courts for a swap SPS for Common Stocks, at the same time that Mnuchin required the same terms for the JPS, despite that the JPS would be wiped out with the current $125B Net Worth and $310B SPS LP outstanding, according to Calabria in his book, so we don't have documentary evidence of this government proposal to bail out the JPS holders and the assault on the ownership by the holders of preferred stocks (After a haircut, a swap at a rigged price automatically makes them whole on day one when the price rises).
This is called "playing the fool", because the Separate Account plan is what legalizes every action, in other words, it's set forth in the law, rules and basic finance, that all of them are being shamelessly covered up or deprived of their meaning, on daily basis. Therefore, we don't need Treasury documents corroborating it. A Separate Account was already carried out for the FHLBanks in 1989 through legislation (Section: Separate Account for the repayment of principal of the Refcorp obligation). We also see the intention to carry it out with the FHFA Final Rule of July 20, 2011, expressly writing that it's a follow-on plan ("the supplemental") in the CFR 1237.12, that authorizes "a capital distribution (deplete capital) for their recapitalization (build capital)", in a separate account, obviously (outside their Balance Sheets), suitable for the moment the SPS LP had been fully paid down with the exception to the Restriction on Capital Distributions by statute:
(c) It supplements and shall not replace or affect any other restriction on capital distributions by statute.
If Ds claim they confiscated💵and judges agree,Ps can't claim the same.
— Conservatives against Trump (@CarlosVignote) April 23, 2024
Flawed complaint &remedies:
-SPS repaid
-$29B cash refund
-Swap SPS/JPS(Mnuchin)for Cs.
0️⃣C.C.recovered(Adj $402B shortfall over Min L.requiremnt)
-SPS canceled? For a 3rd🌎country.0️⃣chance in FnF.#Fanniegate https://t.co/MZtgDZ1hTg pic.twitter.com/rpSv9P2aij
The order is invalid and not legal. Too late to file.
its the purchaser = fhfa can call it null... not the public... not the entities... ... so this goes no where. why would the fhfa give up the golden goose?
The Judge's writing is illegible.....According to Lithography science of the Orient, such persons are prone to 'hiding things' and 'cannot be trusted'!
Wiseman, Any updates on the Secret Plan? Still on his desk? Still $240 share price? Has that been adjusted for inflation? Any of this in the 10ks?
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