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Not helpful?? What gives you the right to tell Barron to keep quiet? Go back to your seeking garbage and print more on how the common shareholders will be forever wiped out. You’re a hypocrite.
Barron is the one who brought it to the attention of this board. 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.
So now we get to see if they mean what they say and if the 2022-2026 strategic plan is serious
Didn’t seem to impact Freddie
Yeah, we've a housing crisis.
Can’t believe it’s been almost 12 years since Ed DeMarco announced the Net Worth Sweep amendment at the 2012 MBA Annual Convention...
— Matt Hill (@hill_matt) April 25, 2024
He was pure fire!@FannieMae @FreddieMac @FHFA $FNMAS $FNMA #FannieGate pic.twitter.com/cp8YdUvdZv
Oh no we are in the slumps.
https://seekingalpha.com/news/4094526-fannie-mae-book-of-business-continues-slump-in-march
we will agree this particular group of 9 is shist
AND
AND
they both keep passing super stringent safety of capital TESTS !!!
but alas - still in jail
I do not see why WTS are dead or gone
And - the real issue re dilution ---- is the LP anyway - huge monster of 60B-120B share dilution --- not 4B
YES
Combine some good real news on F and F with some ??? about lowering mortgages etc. and heavy PR
sitting there waiting to be done !!!1 (indeed was available to DJT as well - so maybe I am missing something obvious)
YES
FNMA and FREDDIE sit as ripe and ready PR for Biden
(and as I noted prior - use Executive authority to suspend the FEE for 12 months ---- so interest rates drop right that day!!)
Chart pattern is suggesting another pennant pattern which looks like it is not done forming yet. The bollies are getting tight again.. The flag that is developing appears to be a lot larger than the ones that drove the price higher over the last six months, so FNMA may trade sideways for a little while until this bigger flag completes. Thats what it looks like anyways..
Stuck at $1.46 we need a proctologist. I will now call Dr. Ben Dover.
We'll continue to politely agree to disagree on Lamberth and his motives at any time during his tenure in these trials. Regarding SCOTUS, I recall vividly having correspondence regarding the amount of times it was pointed out that they said "nationalization" during the oral arguments. It was 23, if memory serves.
My only comments were that saying the companies had been nationalized and their profits taken as a result is one thing, but ruling on it is quite another. SCOTUS proved what myself and many others have known for a very long time...this is not a fair fight.
I’d pay good money to see someone tell Calabria shut the fuck up on X
Ahhh the never-ending cycle continues.
Wow, this part also stood out to me:
"...- both during conservatorship and following the conclusion of the conservatorships".
Sounds like its a done deal! Finally! Longest investment ever!
GREAT
GREAT
Is this administration - maybe building on prior and ? prior and ? -- building the case - step by step that - say in 2025
NOW -- BECAUSE the F and F you see/get are reformed and improved and fat with cash - NOW we can free them ?
I would love that
(and then as always - what happens to the LP $ of 300B is key)
The one piece about MIKE
Arguing to make them GOV -- in essence and agency --- is not illogical
Private - GOV regulated Monopoly privately owned utility - Agency
With any proposal to NOW --- NOW -- make them an agency ---- I hope we (equity of any sort) can then AGAIN bring up the TAKING - and use Charter act or whatever and focus away from NWS which is where we lost
Just thinking out loud - that becoming an agency via a PAID FOR taking - is fine by me --- (That is GOV policy beyond me - but we should get paid some average of PPS for the three months prior to Paulson Bush taking us (and then three more Presidents or administrations equally guilty by lack of reversal !) GOV has the right to take my store to build a needed and approved highway on my plot - but they must pay for that when they take it. YES - I view all of this as a TAKING (if not defacto by now) without the quid pro quo required - payment to us for taking these profitable companies away from Equity ownership
YUP
As I understand it ---- for purposes of the claims court and the case that went to SCOTUS (same or not?) ---- the thought process was something like --- NWS is so insanely obviously illegal - "on its face a taking" (all our equity profit?) --- that it was best to attack at what was viewed as the most vulnerable GOV action (BO starting the NWS - all profit) . We lost . Yet I am not sure there was no logic there at thinning the issue to one viewed by the plaintiffs and their attorneys as the most blatant clear illegal act
Others have argued for 5 10 ++ years they suits should have gone after HERA ---- I assume Charter Act and ... and
That is way beyond me --- . I see the logic of that!!!! I also see the logic of trying to slice off what was viewed as the most vulnerable action by GOV
Lawyers did not prove themselves right or particularly able? We suffered and they got paid
Yes, of course, The Cheat Code...why didn't we think of that?
That's the Answer
I will try to Google the cheat code.
We cannot seem to breakthrough $1.46 today.
The day is young still, and tomorrow is Friday
Load up now before the Buying Stampede gets here
FNMA/FMCC GET SOME NOW
Look at the facts, not "experts" opinions. Fannie & Freddie had $95 billion in capital before the fraudulent "temporary" conservatorship. Despite their conservators, including @MarkCalabria , swindling $301 billion of their equity they still have $125 billion.
— Guido da Costa Pereira (@GuidoPerei) April 25, 2024
Experts or facts?
Fairholme replies due in June and July
Investor Relations call a joke...it's like a slave owner talking to slaves they gunna get more bread and butter next week.
Trump only one that knows the reparations due, an will/can do anything.
Biden checked out, right? Pause.
All good.
Trust in Jesus as Savior as He THE only one that can pop-N-lock the FnmaFmcc Twins...
Hope of Hunter and Nancy loading and Obama/Biden stop stealing is a .0005% chance...
Do not fret over those who do evil and do not envy those who do wrong as they wither quickly like grass and wilt like tender plants
When yah get set free...yah feel free indeed...twins will be set free indeed imho
Font 2? I need to move to the next level reading glasses. Damn it.
Clearly you did not read the fine print with the asterisk that says "wishful thinking".
It's at the bottom of his post printed in font size #2
Can you point out where it says it's time to exit conservatorship? I read that many reforms have been completed and they will be safer institutions after exiting conservatorship BUT are well short of their capital goals and more is needed. I see nothing that says it's time to exit. Please enlighten me. Thank you.
Oh wow you need a rocket ship to get home ? Which planet are you from ? I am also visiting. Perhaps I can bum a ride from you. I need to get back home. My spaceship is in the shop right now waiting for parts. NASA is taking forever.
I think it to be nothing more than political lip speak. It's the same old shit; they just change the date on the letter.
In the spirit of old news.
$BOOM Treasury Secretary to free FnF!!!!!!!! 🚀🚀🚀
https://money.cnn.com/2016/11/30/investing/fannie-mae-freddie-mac-mnuchin-trump/
Our Commander should be honored to be Your Captain.
I was suspecting a nickel but okay :)
Dont include the warrant, that is nonsense.
Warrants are dead.
The boom was last week bro.
🚀🚀🚀🚀🚀🚀🚀GSE = Free....Im getting closer to my Home💥💥
✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️
I retract my last comment - I am thinking this could happen in the next few months and be a election statement. I'm sure the WH is well aware and maybe even nudging ST to finalize plans for an announcement.
Holy crud!!! Man getting more official - started w/ Fireside chats now in writing. An announcement will happen after hours w/ in the next year maybe before if this admin thinks there are going to lose...
Only Bloomberg, involved in Fanniegate.
Mike Bloomberg's campaign: Nationalization, CRTs,... Coincidence?
Analysts Expect FNMA To Report At least 0.60 EPS Next Week…
We need to move on with our lives... Sandra, just shoot some fireworks already.
Analysts Expect FNMA To Report At least 0.60 EPS Next Week…
First, Barron is another alias of the rogue plaintiff Mr.Pro Se, among his 30+ different aliases he uses regularly on this board. Just so you know.
We don't need hedge fund managers turned into Shareholders' Rights advocates, and even the attorney Hamish Hume hiring a famous Human Rights activist, Rebecca Musarra (Source. At the same time President Biden was being portrayed on the media as a tyrant. Coincidence?), defending our property rights because they remain intact during a conservatorship.
Among the property rights, the legal ownership is embedded into a stock, and we have always had the right to dispose of our shares, that are kept in our broker accounts under custody.
Other rights that emanate from this ownership, like the Voting Right, right to scour the books, etc., were transferred to the conservator momentarily, so that it helps it fulfill its mandate, otherwise two-third shareholder vote would still be necessary and we would have opposed to every action, for the sake of saying no.
Therefore, our rights weren't "eliminated" as the hedge funds claim in court. They were transferred to the conservator. They are still there and, at some point, they will be returned.
And a point in time is related to the soundness and solvency of FnF "Put FnF in a sound and solvent condition", that is, their capital levels, which is how it's measured. This is why the prior FHEFSSA established MANDATORY release upon declared Undercapitalized: Core Capital > minimum (Leverage) capital requirement. Struck by Calabria's HERA but it's still a useful threshold to ponder.
What has happened is that, before, the minimum Leverage capital requirement was calculated with 0.45% of the off-balance sheet obligations (MBS Trusts. Financial statements consolidated on the balance sheets), and now, it's 2.5%. Notice the difference?
A Basel framework for capital requirement pursuant to the UST's recommendations on ending the conservatorships. A 3-option Privatized Housing Finance System revamp, with the goal to remove their privileges in capital standards as a result of a subsidized guarantee-fee, and the UST backup of FnF attached: Finance their operations as a last resort (upon negative Net Worth), after FnF had tapped the private capital markets before ((2) in the Public Mission: "respond appropriately to the private capital markets". What FnF did during 2006-2008 with issuances of Cs and JPS), otherwise their Public Mission can't be carried out (high credit risk and not properly compensated).
The crooked litigants with their frivolous lawsuits, have had the mission to deprive FnF of the possibility to rebuild their capital. First, agreeing with a 10% dividend during conservatorship and pretending that FnF are mutual funds, so they simply ask for SPS "repaid" and with the SPS overpayment, a $29B cash refund. $0 Core Capital recovered as a result.
They haven't challenged the SPS LP increased for free, so that now, they stage a necessary haircut in the amount of this gifted SPS, and attach it to a haircut on the JPS too, as required by Mnuchin for the JPS of his buddy Berkowitz (holding several series of JPS that nowadays no one knows where they are, and no one cares. All lies.) and Co, according to Calabria in his book.
The last option, they ask for debt forgiveness (Argentina/IMF- style), which is pathetic and it's struck down right away, after agreeing with the government that everything is authorized, forgetting the second leg regarding that it forms part of a Separate Account plan that rehabilitates FnF (the "authorized by this section" in the FHFA-C's Incidental Power), as required by Justice Alito and judge Willett (financial rehabiltation is related to capital levels: SOUNDNESS. Not with a $125B Net Worth built with the $125B SPS LP absent from the balance sheets, but with the $426B common equity generated by FnF and held in escrow in accordance with the law).
Finally, the courts have no say on the conservatorship of FnF, so going to court is pointless. Besides, it can be considered unlawful for the fact that to become Director of the FHFA and thus, conservator nowadays, it's required by law to have a deep understanding of mortgage finance and financial matters, which isn't the case in a judge, let alone the jurors.
(f)Limitation on court action
Except as provided in this section or at the request of the Director, no court may take any action to restrain or affect the exercise of powers or functions of the Agency as a conservator.
"Bad faith and unfair dealing when the Regulator......"
It's a Conservator to begin with. Wake up, bro.
You still don't understand that the CONSERVATOR's Incidental Power allows it to pay down the SPS and recapitalize FnF in a Separate Account and lie about it (your "bad faith and unfair dealing"). This is why the Separate Account plan is both authorized and lawful, and we can't claim the payment of Punitive Damages for it (although it has needed 7 Securites Law violations that aren't authorized, obviously, that need to be settled. One of them is stock price manipulation, precisely, for this Separate Acct plan), because it's:
any action authorized by this section, in the best interests of FnF or the Agency
It represents the amount of future Net Income that will need to be realized before remittances to the Treasury resume.
Oh wow. Hope you had a nice rest today as you slept right through the closing bell ding ding ding Dr. TightCoil. We closed one penny lower than the HOD. That would be the high of day although some call it the high on drugs LOL. Nevertheless I digress. That’s besides the point. No doubt tomorrow we will breakthrough through $1.50 cause we need to raise the ASK. We are headed to $2 I reckon.
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