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Go back to sleep. When you wake up everything should be back to normal. If it isn't, go back to sleep again. Or, you could just look at calendar.
With leaders like Tim Howard, who needs enemies. Instead of rallying his followers, he's given up. PATHETIC!
I'm not suicidal either. If anything happens to me, it will be because I continue to expose our government's swindle of Fannie Mae and Freddie Mac equity while they remain in a fraudulent "temporary" conservatorship since 2008.
— Guido da Costa Pereira (@GuidoPerei) May 2, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/PMNPzEAUP3
Just wish to add to your excellent post. Mnuchin sent SCOTUS a letter stating that he and Calabria had ended the NWS. One of the justices even referenced that letter.
Good governments don’t put their most profitable corporations in fraudulent “temporary” conservatorships and then swindle their equity for pet projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) May 1, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/k0pI6bY97h
Seeking Alpha, Yahoo and others don't tell us how they calculate their ridiculous estimates. Here's an article that says how it should be calculated. I exclude warrants from my calculations because warrants issued by one govt agency to another is a fraud.
https://corporatefinanceinstitute.com/resources/valuation/earnings-per-share-eps-formula/#:~:text=Since%20outstanding%20shares%20can%20change%20over%20time%2C%20analysts,that%20can%20affect%20total%20shares%20outstanding%20when%20exercised.
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
Who's the author?
Wow! That's even better then Fannie! $4.30 for the quarter!
From Fannie Mae 10K:
"The GSE Act authorizes FHFA to establish an annual assessment for regulated entities, including Fannie Mae, which is payable on a semi-annual basis (April and October), for FHFA’s costs and expenses, as well as to maintain FHFA’s working capital. We recognized FHFA assessment fees, which are recorded in “Other administrative expenses” in our consolidated statements of operations and comprehensive income, of $159 million, $132 million and $140 million for the years ended December 31, 2023, 2022 and 2021, respectively."
Appears Calabria might have been trimming the fat at FHFA before he got fired.
My belief (backed by FHFA arguments in court and agreed by some court rulings) was that while they are in conservatorship, shareholder rights were transferred to FHFA. The tolling would begin once they were released and shareholder rights restored. However, during the Collins Hearing, one of the justices mentioned that every citizen has a right to file suit for takings. I wonder if the SCOTUS ruling in July 2022 would be the date when tolling begins.
I do miss the old GSE site where all the court cases were maintained. It was so easy to pull up the cases and cite the courts agreeing with FHFA.
Each state has it's own exceptions to tolling. One in common is minors. For them tolling begins when they reach the age of 18. Attaching an article that looks like it applies to us.
https://www.jdsupra.com/legalnews/equitable-tolling-estopping-the-clock-73341/
Thanks Vancmike for staying on subject.
As I have stated before, when it suits them, the govt claims the SPS was an investment. At other times that it's a loan. FnF sent their equity to the Treasury until stopped by the Fifth Circuit Enbanc. Since then the the Liquidation Preference has grown for each $ of earnings as per letter of agreement signed between Calabria and Mnuchin. When Fannie states "amounts attributable to Senior Preferred Stock" Fannie is signifying that the SPS is considered a loan.
Also, as I have repeatedly stated, if the SPS were a loan, it was paid back a decade ago. If it was an investment, then the corporations have always been capitalized, and there's been no need for the conservatorship.
That's $3.78 per share for the quarter!
I don't expect Seeking Alpha to post my comment. I question the author's knowledge of consensus and EPS.
Thanks. But we're all doing our share. I appreciate you and Baron taking the time to set our detractors right.
It's team work. Thanks for bringing the article to our attention.
@realDonaldTrump
— Guido da Costa Pereira (@GuidoPerei) April 27, 2024
Please make getting rid of @FHFA , the most fraudulent government agency in history, a priority in your second term.https://t.co/BT3OkchsXL
Isn't that what @FHFA was doing? Settling for pennies on the $ as long as donations were made to politically connected nonprofits until stopped by @jeffsessions ?Their conservator swindled hundreds of billions due to Fannie Mae and Freddie Mac through this scheme.
— Guido da Costa Pereira (@GuidoPerei) April 27, 2024
Actually $40 billion a month.
https://www.gata.org/node/6758
Great comment by Glen. He might be finally reading what Rodney has been saying.
So if FHFA is not an independent agency then how does the SPSPA work? The government just signs deals with itself now?
— Fanniegate Hero (@DoNotLose) April 26, 2024
CFPB could just follow what you guys did at FHFA and Net Worth Swindle the equity of the banks they are supposed to regulate.
— Guido da Costa Pereira (@GuidoPerei) April 26, 2024
I see him responding to those I blocked because I consider them government stooges and not shareholders. Don't mind responding to shareholders with views different from mine. But there's no point in engaging those who argue that the government does no wrong.
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
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?
Do they currently need Sandra's permission to use the bathroom?
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. https://t.co/DrLbNAScWF
— Guido da Costa Pereira (@GuidoPerei) April 23, 2024
Thanks for the feedback. If I get enough likes and retweets will add to the thread and elaborate on each of the three areas where the politically connected are benefiting from the conservatorship.
Are Fannie Mae & Freddie Mac being kept in a fraudulent "temporary" conservatorship for the enrichment of the politically connected through:
— Guido da Costa Pereira (@GuidoPerei) April 21, 2024
A) Fake jobs at FHFA?
B) No-bid contracts?
C) Sandra Thompson's CRT Program?
FREE FANNIE!
FREE FREDDIE! https://t.co/FnapIFf3ip
There's at least one politician looking into FHFA's sweetheart deals with those that are politically connected:
Last year, I pushed back against a sweetheart deal that gave Doma Holdings, a politically connected company, a no-bid contract to run FHFA’s title insurance pilot program. The program was then rescinded….until this year's State of the Union when President Biden announced this… pic.twitter.com/nquyOJifeM
— Congressman William Timmons (@RepTimmons) April 19, 2024
Yet, Fannie Mae & Freddie Mac remain in a fraudulent "temporary" conservatorship while their conservator @FHFA continues to swindle them. @BankingGOP @SenateBanking @FinancialCmte & @FSCDems are either incompetent or complicit.
— Guido da Costa Pereira (@GuidoPerei) April 19, 2024
FREE FANNIE!
FREE FREDDIE. https://t.co/u6tYfs59Tz
I believe the defendants are going back to 2013 when they argued that in conservatorship only the conservator can file suits. Judge Lamberth agreed that shareholders' rights were transferred to FHFA and dismissed the suits. He was later overruled.
Hopefully, some smart Senators grill her on that.
$FMCC $FNMA Exiting conservatorship is inevitable, not a matter of uncertainty There's clarity on this matter.
— Patrick (@InvestIt3) April 17, 2024
Testimony of Sandra L. Thompson
"FHFA will build upon this work to promote sustainability and durability of these reforms after the Enterprises exit conservatorship” pic.twitter.com/yQCuPJVg3r
Please retweet:
American families, current & potential new homeowners, stakeholders, seniors, pension fund owners and others deserve to know status of cship re: Fannie & Freddie?
— Nico (@nicosintichakis) April 14, 2024
For once please put politics aside over honesty, possible?@SenatorTimScott @SenSherrodBrown @SecYellen @FHFA
Attached is being sent to members of the committee. Would spoil kids and reposts.
LOOTERS IN THE BIDEN ADMINISTRATION #2
— Guido da Costa Pereira (@GuidoPerei) April 11, 2024
The biggest looter is @fhfa inherited from the 3 previous administrations.
Current Director Sandra Thompson has doubled the payroll.
Her CRT Program loots Fannie Mae and Freddie Mac future revenues to enrichen the politically connected.
What exactly does it say on page 14 that endangers them from going into receivership? Don't just quote the heading. Actual text would help.
Obama stole $256 billion from Fannie and Freddie. Trump stole $45 billion. He DIDN'T release them. Biden is stealing their future revenues. $7.5 trillion?