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Pass me the secret sauce, please.
;)
Warriors! “The Secret Plan” The myth that keeps on going for years & years. Last time, the Secret Plan was on his desk. The voices in one’s head! They do make meds for that.
With CET1 >2.5% of ATA, the time has come.
mr. wise man, you never answer the questions. We are 16 years into this prison sentence and somehow your separate account plan makes it all legal and then you turn around and say the FHFA / Companies have committed Acounting Fraud. As Boat would say, "Asking for a Friend."
“Separate Account plan” kindly, explain to us how this will unfold. And when will this take place? Hello!
CAN'T YOU SEE IT'S A CAPITAL DISTRIBUTION RESTRICTED?
(SPS LP increased for free as compensation to the UST in the absence of dividends).
Just like the dividend payments. Both number 1.
Then, we use the Incidental Power ("any action", like lying) to legalize this action applying it towards the EXCEPTIONS:
-Pay down the SPS. U.S. Code §4614(e),
-The exception added in "the supplemental" on July 20, 2011 CFR 1237.12 (Recapitalization in a separate account, either in the exception 1, 2, 3 and 4, because it (c) supplements and it shall not replace or affect the Restriction on Capital Distribution by the statue posted in the prior point.
A restriction on Capital distribution is meant for the recapitalization (the Capital is built internally). FnF can redeem the SPS and, at the same time, build capital. Double-entry accounting (cash - Retained Earnings acct: you pay down the SPS with simple cash. The Retained Earnings acct stays. Watch my signature image below)
This is why a recapitalization in a Separate Account (outside their balance sheets) CFR 1237.12 supplements the Restriction on Capital Distributions by statue that is meant for the recapitalization too. A follow-on plan.
In the end, they've been assessments sent to the UST in the form of capital distributions, no actual dividend was ever paid (Besides unavailable Earnings for distribution as dividend, out of Accumulated Deficit Retained Earnings accounts) and no SPS LP was ever intended to stay (instead of lying, like the dividends, a joke "in the best interests of the Agency"), as the evidence seen because they are absent from the Balance Sheets.
If you continue to play the fool, you will end up wearing diapers.
Jesus!
Here’s an interesting back and forth. Follow the Joshua Rosner path:
Congress needs to merge FHFA into OCC, I’ve reluctantly concluded standalone safety/soundness regulation of GSEs just isn’t politically sustainable or feasible over long periods of time
— Mark Calabria (@MarkCalabria) May 9, 2024
It is absolutely amazing astounding how many shareholders dislike Calabria. Virtually all of them including myself.
— Rick Nagra (@RickNagra) May 10, 2024
He doesn't respond on X. Only posts.. so ...
NeoSunTzu or anyone that has access to X...
Point Calabria to the facts and ask him to explain it to us. He signed the document to increase the LP dollar for dollar for every dollar the company retains.
Calabria Quote: "he thought as a regulator he shouldn’t buck what he thought was the will of Congress (HERA)." End of Quote
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174362245
A Conservatorship for the rehabilitation of financial companies can't end up with people pleading the 5th amendment of the constitution, like this corrupt litigant that just seeks to be in the limelight, turning himself into a savior:
Thanks Guido - it would be good to get a clarification on remaining paths forward.
Thanks for the correction.
Thanks for the correction.
The biggest scam in history is @FHFA putting 2 financially healthy corporations in a “temporary” conservatorship in 2008 and then siphoning $301 billion of their equity for projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) May 10, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/Quy94sg2Q7
Calabria: if you want an idea what’s in Calabria’s head give a listen to this podcast episode from April. All the topics he was posting on X today are mentioned in this podcast.
WARNING: you all do know he’s a policy wonk and he’s an advisor at the Cato Institute, right? It’s 36 minutes long and you WILL be bored. He has strong opinions about agency independence, banking regulation, housing policy, he does want a combined financial regulator (at a minimum merging FHFA into the OCC), etc.
He ADMITS pushing back on the Trump Admin when they wanted him to move on the GSEs because he thought as a regulator he shouldn’t buck what he thought was the will of Congress (HERA).
https://www.cato.org/multimedia/media-highlights-radio/mark-calabria-discusses-how-solve-housing-crisis-intrafis-banking
Catman is posting like crazy on X today about GSE's and the FHFA (non-mission). Wonder what's up all that?
fisher case gone? again? oh well
Take a trip down south from wherever you are. Coz unfortunately that's where this is going... Misery will love company
No Costco
You deserve finer cuisine,
And that's why I've ordered
for you and Gabby, 2-3D Printed Fish Filets
Go Fannie, Run Freddie, Go, Run
Only? And what do you think is left?
Oh wow. What is the plan for tomorrow Captain TightCoil ? Should I wake up early and suit up for a trip to the moon ? Or should I just go to Costco and load up on the dogs ? Please advise.
Re: FNMA & FMCC
Don't Sell - Don't Fold
Hold for the Gold
Our cases have been sustained because of Tooley, and other things. Our focus now is on First Hartford, and the Fifth Amendment to the Constitution. We’re trying to save those companies, and thus save our investments in such.
— Bryndon Fisher (@bryndonfisher) May 9, 2024
Only the amended complaint was denied.
Bradfordamus and his predictions. -- you are probably the only one who believes and hopes on them coming true
Mike Kelly Suit Dismissed.
https://www.glenbradford.com/2024/05/kelly-v-u-s-5/
Fisher was denied En Banc.
In Kelly the case was moved from a DJT Appointee to JB Appointee
This would be a terrific idea and I’d love to see it happen. It would save the GSEs $700m a year too.
Supposed to say such a bafoon
Auto spell correct really made it funny
Lmao
It’s very relevant. A board of directors structure that the GSE’s should have been placed in from the beginning of conservatorship. Maybe they wouldn’t be in the position that they’re in now with a board instead of a single director.
If they ever do get out of this mess I believe they will be placed under a board of directors management structure.
what is OCC?
tia
suck a baboon cat man do nothing is
trying to stay relevant
LOL
Ya know there’s some good solid footing when this hits .40 no need to worry about going to zero .. that would be somewhat unlikely 🤣
Notice gold lately
it's the only rational hedge for a position in these things
"i have reluctantly concluded...." lol. what a loser doesn't know congress won't do a thing in a century.
Interesting idea. Wonder why he came up with this:
Congress needs to merge FHFA into OCC, I’ve reluctantly concluded standalone safety/soundness regulation of GSEs just isn’t politically sustainable or feasible over long periods of time
— Mark Calabria (@MarkCalabria) May 9, 2024
The US govt also said FnF were in great financial shape and then turned around and put them into conservatorship.
This is only the 3rd catalyst Bradford has said will happen this year that will never happen. A 6 month record even for him!
i want to have what you are having . lael already told you nothing is in works. at least this admin has made it clear.
right on the money. see market does not like it
You must refer to her as Queen Sandra -
Queen of The Enterprises
If something as innocuous as a posting on a stock message board
makes you "sick," maybe you should go to the doctor
Run, Fannie, Run Freddie, Run!
Sandra cannot DO shet what she is authorized to do. Now she plans to flood $2T of homeowner equity into the world by the way of HELOC/2nd mortgages resulting in even higher inflation and then even steeper crash later.
Some one tell this lady to just release FnF and get out of the way.
You say this same BS every F'in day. Shut the hell up. Sick of it.
Starting to look like Fannie and Freddie are
making a stunning comeback from today's lows...Carry on
Recap for catalysts on the horizon:
- Potential end of june recap/release as per Bradford
- November elections Trump bump
- Lamberth damages ~2025
Aside from that everyone is sitting around watching paint dry.
You've hit the nail on the head...why even keep Fannie and Freddie
open for trading after imposition of the Conservatorship? and
after the NWS? An out and out Trap for investors...
Even though your posting is short, IT SPEAKS VOLUMES!
FIGHT BACK - Fight to Right the Wrong done to Shareholders
They are, especially since it looks like a red wave.
Let Us All Bow Our Heads and Say The
Fannie and Freddie Prayer:
Lord, Help Us
That is encroaching on the TBTF banks' business...
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