In many countries around the world, the law is such that if you lose a case, the losing party has to pay all the costs. So I do not understand why Hume and Co. are asking for 20 to 30 per cent of the amount in dispute from the plaintiffs who have won the case. FnF and/or FHFA should pay the full amount.
Thanks for your answers!
Regarding expenses, what will they be? Estimate? Is there a chance legal fees might be paid by the USG/FHFA/F&F?
I believe JPS holders made a contingency deal where Hamish & Co will take 20? 25? 30%? Any way those expenses are paid/partly paid directly by the Defendants?
Assuming the contingency % is 'high' & must be paid by defendants, can these fees be negotiated downward? Do these (now) substantial contingency fees make it likely (or less likely, or no effect) that Hamish & Co would NOT want to appeal on behalf of Plaintiffs?
Who negotiated the contingency %?
Will this judgement be appealed by Defendants?
How long will it take b4 any $$$ is made available/payable to shareholders?
Does this judgement help, hurt, or have no effect on F&F exiting Conservatorship?
Are we reliant more than ever on Trump becoming President b4 any meaningful change in F&F's status (i.e. exit from Conservatorship)?
who are you even talking to?
The CFPB is OFF-TOPIC.
It's been explained a thousand times that the FHFA oversees congressionally-chartered private corporations and thus, it has very limited powers.
For instance, this is the reason why we are requesting a refund of the CRT expenses, net (turned into Retained Earnings), without second-guessing. The CRT operations are barred in the Credit Enhancement clause of the Charter Act and its powers as conservator don't allow it to break the law at its will, creating a parallel Charter Act, with the objective to tailor good deals to crony investors and chamber investors, like JPM, BLK, BX, MS, etc. Remember their CRT symposiums attended by former MS and BLK Craig Phillips, BLK, among others? A telltale sign of a scam, later followed by the Bitcoin symposiums.
Let alone that it's barred in the Fee Limitation clause as well, in the case that it's money syphoned off to UST under the Mnuchin's slogan of "the taxpayer be appropriately compensated" or the "to protect the taxpayer" of the other Goldman Sachs alumni, Sandra Thompson, because this is also a lie: the taxpayer doesn't bear credit risk in FnF, the purchase of SPS isn't a loss to the taxpayer (UBS's Hensarling, former House representative). Not even as holder of obligations (compromise of repayment) SPS. The way that FnF are protected is, precisely, with the opposite: building capital that absorbs future (unexpected) losses, basically with their Retained Earnings accounts (CET1). Not with capital stock, by the way, which is tasked only with offsetting a negative Retained Earnings account like nowadays in the phony Balance Sheets, or in the adjusted Balance Sheet shown in my signature image below, in early conservatorship.
That's why the capital ratios, Basel framework, g-fee hikes, soundness, Table 8: Payout ratio, Restriction on Capital Distributions, etc. Does it ring a bell?
Nice going, plaintiff Joshua Angel.
Did you tell this to judge Lamberth and judge Sweeney as well?
You're sharp, BlabberForth, can't get one over on you...Sigh
OK we are on the same page my friend ! Yes NO ONE KNOWS ANYTHING, it's all guess work until the Corrupt Gov does what we all are dreding!!! You know they are greddy for there pet projects !
Exactly. My previous post that you read was sarcasm. For the one's who keep pushing flavor of the day to scare people.
The truth makes you angry. Shrug
HOG WASH ! Where do people come up with this crap?? JPS have legal contracts the Gov just can't change the contracts as they see fit without approval from JPS PERIOD !!!!!! It was even mentioned in Cab Mans book if that's any recourse !
Commons have NO protection! I own both JPS and Commons. I keep commons for a wild card play! I hope the Gov doesn't do a cram down but it's anyones guess !!
JPS most likely won't see full par and given a discount with the SPSA but who knows? After 16 years in C ship NO ONE KNOWS SHXT !!!!!
But then I'll be as looney as the one's here preaching the darkside theories.
Notice though....unlike them, I did not say their JPS would convert to billions upon billions of shares worth .00000000000000000000000001 cent🤔
So I'm a nice guy, and better grounded. Lol
Next step, you need to hire 10 folks to either hail this theory to the moon or rearrange these sentences in random order and post the same message non stop everyday
Then you have a cult following group soon
Ty very much for the effort
And so Modest...the sign of a true Giant of his field, just pointing out the facts....
Not a basher at all, just like to point out the facts and not break out the champagne for a penny or two gain.
Longtime holder FMCC and FNMAT
Yeah, I guess i'm going to have to admit it: you are one basher
extraordinaire...yes, YOU, single-handedly, keep the pps down
with your posts... potential buyers respect what you say, and
won't buy and current holders rely on your comments and sell...
hard to get it up with you around.
It's the long awaited JPS cram down!!! They will be given ONE new issue common share for every 10 JPS, then their common share will reverse split 50/1, so the 50 shares end up worth .000005 cents. The regular commons will moon launch to $150-$200 a share, and the shareholder named navy will buy out all the old jps holders, now new issued commons, with 10 of his old shares.
Just my prediction. See how that works?
whats in shifting decimals to the right, between friends.. No big deal
FNMA closed at $.90 on >28M volume 17 Aug 23, next day dropped to $.62 on >18M volume. 1.9M volume with 1.16B shares outstanding is extremely anemic, lil bro would certainly call it illiquid. Based on previous coil posts, we were going to hit $1 pps every week for the last several months. Harami Candles, American Bulls, Barchart.com and now triple mountain BS - good grief Charlie Browns.
I think Median Family Income by zip code or county is typically used to designate demarcation points for low, middle and high income determinations.
Financial Services continues to HAMMER on "Un-Constitutional CFPB"
#WATCH: Chairman @PatrickMcHenry to @CFPB Director Chopra at today's hearing:— Financial Services GOP (@FinancialCmte) November 29, 2023
"Where the Biden Administration doesn’t have the authority or votes in Congress to make a change, the CFPB under your leadership simply forges ahead, unchecked."
I think they forgot what the “power of the purse” actually means. The govrats think it’s the power felt after a purse filled with a wallet, makeup…feels when they receive it across the head for conduct unbecoming….lol
Is the deficit power if the purse…nothing in the purse…
FNMA closed at the HOD !!!
KY- everyone knows that application. Lol
Committee Republicans have long declared the @CFPB's funding structure as unconstitutional.— Financial Services GOP (@FinancialCmte) November 29, 2023
At today's hearing @RepAndyBarr put Director Chopra's Bureau on notice:
"It's time for Congress to regain its most important oversight tool, and that is the power of the purse."
Thanks bro. I will!!
FNMA has no interest; I believe only 25K shares traded in past hour, guess they are $illiquid.
Luluford is a naughty-boy
Nah. I don't have level 2. But schwab shows 1.6 mil shares traded for past 1.5 hours.
Skateboard has bought out the entire float and not ready to sell a single share.
R u watching level II trades? Yeah I know there is level 3. I can find out everything I need to know by watching level II matrix go by.