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many people on many sites see the truth.
Has anyone read footnotes no. 9 on page 29 yet?👀$FNMA $FMCC pic.twitter.com/FGBbMScLNF
— José E Burgos Lugo, PA (@TheBurgosGrp) October 5, 2022
The plaintiff lawyers are dumb. I would be surprised if class plaintiffs win and if they do win whether it will be anything substantial at all. Their damages theory that they presented was totally off base and wrongly calculated. I guess that is why they hired another lawyer but it might be too late for this.
1. So what do you think the remedy will be for lost-value theory?
2. How will it be quantified if not per the share price despite it being an "underestimate"? Just because it is an underestimate doesn't mean it will not be used.
some folks started following GSE days before the top in 2016, i mean freshly created at that exact time to start their show. amazing aint it, the genuine focus on the GSEs has lasted for years.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170126944
It gets much worse than that when you consider the GSE's were a well planned and thought out heist. Also consider the mass infiltration of banking execs into key Gov positions. Then consider the following article.
https://halturnerradioshow.com/index.php/en/news-page/world/u-s-continues-to-build-military-presence-in-europe-because-europe-must-be-killed
This thing has gone global. Global banking cartel wants it all and will stop at nothing to get it. GSE's were only the beginning.
The Honorable Judge Thapar wrote a brilliant dissent. I knew he would make the right call, unfortunately the other 2 dimwit judges have no clue about the history of this country or of the historical separation of powers documents..
I hope Plaintiffs appeal this very important issue because if the majority opinion stands there is no need for congress to advise and consent on any nominee anymore.
Honorable Judge Thapar and Gorsuch are the only 2 honorable Judges I have seen.
Call him out in all cases.
If He’s found guilty, could He be sued?
Forgot about him. John should be a part of every class action in the future. His whole purpose was to control price.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170110917
KT = JC…say it ain’t so!!
The Governments near perfect plan to wipeout shareholders!
Did the Government bring these cases to court and make it look favorable for court rulings for the government? It would be the perfect plan to wipe out shareholders from ever seeing there lost income and dividends.
Bring these suits to court make a hash job of them only to have the courts rule in favor of the Government.
Seems so with Colin’s opinion? SCOTUS pointed out to David Thompson, You brought the wrong case to court !!
So SCOTUS ruled in FA out of the Government on many issues in the suits and never be allowed to challenge again!
That’s good for shareholders!
I’m going to put this out there as to what I feel has been happening over the last 10 years and with Collins opinion!
Did the Government instruct David Thompson to sabotage the ruling ? All cases so far have not fared well for shareholders, has this being the plan all along by the government, to bring these cases and have the courts rule in favor of the government so no one in the future can challenge anything!!!!
Since SCOTUS told him in court : you brought the wrong case to court !!!
Has the Government along with hedge funds been trying to cut out shareholders so they can make a deal with the Government for the GSE? Would make perfect sense since they are greedy as the government!
With David Hume turning up the heat with this class action I feel he is representing a group of shareholders for damages.
These lawyers for plaintiffs in Lamberth are dumb as dirt and have no clue how to properly assess or quantify damages.
https://www.alvarezandmarsal.com/printpdf/3866
These people know what they are talking about. Certainly not the morons representing class plaintiffs.
Some folks can’t help themselves, they want to clarify, and justify theft. U can’t make this stuff up unless u work for Treasury.
This is not a problem?
https://usdebtclock.org/
At a very modest 1% interest rate (discount bank rate) that's a whopping $310 BILLION interest payment per year on the debt alone which doesn't include principal. Roughly $1 BILLION per day. National debt in dollars laid end to end would reach from here to Pluto.
Each time the printing presses are fired up, the dollar gets diluted, driving inflation, currently 8.5% annually, preceded by 9.1%. Turkey and Argentina are running at 80% and 78% respectively. Other countries are not that much further behind.
USG just passed a spending bill to keep Gov operational for the next 2.5 months, averting yet another shutdown. You read that right, just 2.5 months. Recall the series of Gov shutdowns leading up to the GSE heist. Afterward, Gov shutdowns miraculously disappeared. Why?
Debt isn't a problem? Surely you jest.
Rodney 5
The debt crisis is global. The Central Banks are the problem as they control it all. They want to push the world to digital currency where they can have total control/surveillance/manipulation over the populace. Fairness, stability and general well being of humanity are the last things on their minds. The financial system is in the process of being weaponized, not that it hasn't been somewhat already.
Check out Greg Mannarino, the Robinhood of Wall Street.
Beginning at 7:00 mark:
https://www.brighteon.com/d244f7d9-9fe1-4dd4-97e9-cd59ba126567
Seen a vid from monday morning how D.C. is empty. No employees working any of the buildings.. kinda eery..
I will believe it when I see it..don’t trust him.
The judicial system appears to still be aligned to the party that came up with the 3rd amendment sweep and the party that wants to keep them in c-ship.
“He wants revenge for the Gov lying to him in his court room..”
It’s sounding more like that everyday! Hence why I believe Judge Lambert has ruled in summary judgment the way he did .
He wants revenge for the Gov lying to him in his court room and to make the judgment by trail Iron Clad so making it very hard for Gov to appeal.
If this is 1 of only 1 option at the moment for loss damages then so be it but it’s going to have to have some sort of $$$ attached to show how much shareholders lost
If our economy fails, so does China
If our economy fails, so does China
Let’s hope none of the predicted and loved doom and gloom comes true.
RATS leaving the sinking ship. All designed, pre-planned and intentional, BTW. 2008 WAS the wake-up call. Nobody listened. Too little too late? Sure seems like it. Doesn't take a rocket scientist to have seen all this, just a half awake casual observer. F&F shareholders were blessed to have had a special ring-side seat to all of this.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169980364
Lost dividends are gone. Pre 2012 is gone.
You have to find a mechanism to quantify damages.
Damages to the investor are via share price.
Given that any chance of a payout for damages resulting in lost dividends is now $0, or is it???. One must ask about price damages pre August 2012, the performance of both JPS and commons with some $285 billion given to the Gov.
So do JPS just get 100% par? + 10 years of loss dividends based on the legal contract they hold with the GSE?
Do commons also hold the same?
One could argue that the share price has suffered because of lost dividends!!! There BIG damages there!!!
So what exactly is the remedy available if rescission and restitution are barred as to plaintiffs proposed remedy?
I got some ideas about what the remedy would look like. Take a look at why the stock prices are going down.
I agree 100%. Anyone thinking it’s ok for government to take your investment are not a shareholder or from a socialist country.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170057069
I say treble damages. Call it 600B even. Maybe Civi cases for pain and suffering and lying for 14 years. How about 10mil per shareholder?
I want it to be so painful they won’t do it to anyone again.
I remember some dope saying it was only a couple bucks per share loss or some insanely small amount He must be government employee.
Ps hate and discontent to the end of this year I’m guessing. Commons to 30? We see.
Most negativity towards commons is more illegal activity. Which seems to not apply to preferred owners. They think par and divs is only thing.
From other board:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170041062
Mr. Howard said
Quote: "First, Treasury and FHFA must agree to cancel the net worth sweep, and eliminate Treasury’s liquidation preference. Fannie and Freddie already have repaid their senior preferred stock, with 10 percent interest. And Treasury should not require that the companies’ senior preferred be converted to common. To do so would be to require them to repay their indebtedness to Treasury twice, which is unjustifiable, and blatantly unfair. Without the senior preferred, Fannie and Freddie’s combined March 31, 2022 capital shortfall of $441 billion would be cut to $248 billion, or by 44 percent." End of Quote.
https://howardonmortgagefinance.com/2022/05/23/a-capital-reality-check/
If the Treasury required the companies to convert the senior preferred to common stock the contract would have to be voided the way it is written.
FOURTH AMENDED AND RESTATED CERTIFICATE OF DESIGNATION OF TERMS OF VARIABLE LIQUIDATION PREFERENCE SENIOR PREFERRED STOCK, SERIES 2008-2
FACT: The Senior Preferred Stock cannot be converted to common stock.
No 6 and No 7
Quote “No Conversion or Exchange Rights
The holders of shares of the Senior Preferred Stock shall not have any right to convert such shares into or exchange such shares for any other class or series of stock or obligations of the Company.
No Preemptive Rights
No holder of the Senior Preferred Stock shall as such holder have any preemptive right to purchase or subscribe for any other shares, rights, options or other securities of any class of the Company which at any time may be sold or offered for sale by the Company.” End of Quote
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf
Makes sense to anyone not against commons
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169996323
Current Market valuations are 28 PE ratio on average, much higher than anyone calculating PEs for GSEs, double some calcs at 14. even conservatively it could be $50 with dilution. When earnings get weaker this fall, and they will, GSEs can make out better than anytime in the next 2 years.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170025430
u might ask that would mean commons are worth Par or above compared to many Ps? exactly.
IF we can get the Treasuries grubby hands off the GSEs and end conserve with conditions that satisfy congressional criticism, all systems go. But we first have to get Congress to be incapable of stealing money for pet projects, which current court cases can and may take care of. that puts and end to rubbernecks abuse.
Hearing rumblings US may default on its debt come 30 Sept. Two week extension puts us at 14 Oct. Things will get pretty dicey if that happens. Apparently the BILLIONS sent to Ukraine was higher priority. Heard ole Joe was on the phone with Xi Jinping pleading for mercy. GLWT! Likely to have impact on damage awards, if any, IMO. The timing is just too incredible.
Original intent for relationship between rulers and the people and how it got corrupted:
I think it might. Scotus screwed it up though.
you think this is not going to trial?
It is the clerk that docketed it but I don't think lamberth has written his opinion on dismissal or made up his mind. Court calendars change all the time. Although it may be a clue that he is not going to dismiss he would likely formally rule on that after pretrial conference and all motions have been submitted. I would estimate the last week of Sept or first week of Oct is when the formal ruling on motion to dismiss will come out.
Isnt this a big deal? Would Lamberth dismiss the case if he actually scheduled the courtroom? Doesn't this mean we are going to trial?
Thanks to Hvp123:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169955047
The plaintiff lawyers have limited witnesses. They could have done a much better job.
Why MC keeps talking about housing is beyond me. he completely failed to conserve anything other than theft and free money for treasury at the last minute. put him on the stand.
I’m glad Hamish Hume and Co has asked the judge to have the jury fill out a forM stating certain things like : do you or have you worked for the federal
government??
100 percent correct!
Again, DJT did not initiate 'conservatorship' or NWS nationalization. That would be RINO Bush and Obama. Why, in your view, do 'the sins of DJT' outweigh the sins of Bush/Obama? Could it be deflection? Sounds like twisted logic, no?
DNU
Lets hope their personal gains are with the GSE release, good luck right. yup, they have taken away from more Americans, and destroyed more of the second class, then anyone could possibly do by accident. Bill is missing, he did the most damage of them all, He started it, signed NAFTA and GATT, and enabled the Demonrats ever since.
DJT did not place the GSE's into FAKE, FRAUDULENT 'conservatorship' nor did he nationalize them with NWS. 2 of his 4 years in office, Obama appointee Watt had GSE's under a death grip for which his removal was "for cause" only. DJT entire 4 years saw DOJ staffed with DEM sympathizers employing any and every opportunity to impeach him. Again, where are subpoenas for Paulson, Geithner, Bernanke, Bush, Obama? Clinton, Frank as well.
In case anyone was wondering, release would include bringing stocks to, or applying for trading on a new exchange. Only real shares will be there naked this and that can keep trading on pink list.
if i was a lawyer for plaintiffs, i would be asking why anything about GSEs is about national security. Trump was not on GSE side, he could have declassified the documents, just like all the other junk he declassified and too with him. all a MASSIVE con job to screw investors out of their property.
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