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The government is waiting for Collins and the other plaintiffs to run out of money and becoming unable to continue the case financially.
"It must be unanimous, if there's a Split amongst the 8 Jurors (even 1) then the Judge will tell them to keep deliberating until they reach a unanimous Verdict, like he did last time (aka a Dynamite Charge to the Jury from the Judge)."
This was written into law and stacks the government , however corrupt, against the citizens of the country; requiring a unanimous decision in in a civil case.
A citizen is at a disadvantage from the git-go.
"Today the pews/benches in the Courtroom are pretty full."
I wish all of you in the audience were packing "heat" and the government goons knew about it!
So what do you get with a bench case? You might get a half-ass judge like Royce Lamberth every time you try!
More importantly, why a unanimous decision in a civil suit? Do federal courts think their jurors are more intelligent than lower courts?
"The Jurors will see a couple of visual charts showing JUST HOW MASSIVE THE THEFT IS."
Yes, but I bet you the words THEFT or STOLEN will not be uttered in that courtroom. I'm gritty, I suppose, but tell the jury what the government REALLY did to the innocent equity holders.
" long and complicated case"
Lomg? Oh yeah! Complicated? Not even a little bit!
As I recall, that subject came up at the time and the government literally forced itself on F&F like a coup in a third world country.
"Just like hundreds of BILLIONS of the GSES Earnings were misplaced by the FHFA and UST by the August 17, 2012, Net Worth Swipe!"
You would think with all these top shelf lawyers involved in the various suits, one of them might position his case so that he could do like Clara Peller and ask the government "Where's the beef" since it was doing all that conserving and preserving.
"whoever is left - it has to be unanimous."
And why shouldn't it be? What happened was so obvious and blatant, I would think a half-ass lawyer could win the case!
"Settlement is just residual P thinking. Recap(with stolen money) and Release is what we want, back into open markets that will take care of everything as it did for decades."
And remember, if that day ever comes, we immediately fired the entire BODs just as OUR elected BODs were forced to leave the board room. We also immediately fire all the management personnel who are government stooges so as to purge the corporations of filth. We then nominate and hire OUR duly elected BODs and management to OUR liking.
"Sounds very tasty. Lamberth might be good for something after all."
Probably, at best, a laugh!
"So it's 119,000 now :). Why don't you buy the entire float at this pace :) "
Do you think this person believes he is a "high roller"? I know I do! LOL!
"Mnuchin said during an interview in late 2016 that getting the GSEs out of conservatorship was a top 10 priority for the new admin"
Problem was . . . people believed that Goldman-Sachs POS!
Restricted? Probably more on the order of forbidden. The boards, after all, are composed completely with the government's minions.
"Sandra does not care. She is getting paid thats all that matters."
That's what it is, and that's all it is!
"as the prices of both commons and jps shares are so low, why don't FNMA/FMCC buy back shares?"
Put on your thinking cap for a second and ponder your question.
I suspect you know the answer.
Nowhere on Earth does night last 15 years!
You have hit the nail on the head with one word . . . ACTION.
There has been none in the past there presently is none, and the future looks as if there will be none in our remaining lifetimes!
"Warrants statue of limitations clock doesn’t start until the warrants are exchanged into shares. They are not ripe yet for the courts."
Very convenient for the government but devastating for the shareholders.
Was it by design? You bet your ass!
Who thinks games are not played here? Down $0.001435 today.
How does one cut up a penny into that many pieces?
You start life in diapers and you end life in diapers.
I'd love to know that was going to happen. I have almost a full box for the occasion.
"Clearly Conservatorship is ending and can happen at any time"
CLEARLY? LOL! I laughed so hard I soiled my Depends!
Perfect example of "don't bite the hand that feeds you".
Not real sure they know about the law, in general, so the answer is probably NO!
I never got an answer or opinion so let me post this again:
FIDUCIARY
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
A fiduciary may be responsible for the general well-being of another (e.g., a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people
Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility."
SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS? PLAINTIFF GOES TO COURT WITH FANNIR & FREDDIE'S FINANCIAL REPORTS SINCE 2013 SHOWING THEY HAVE MADE "X" BILLIONS OF DOLLARS IN NET PROFITS, WITH NONE OF THOSE FUNDS HAVING BEEN DISTRIBUTED TO THE EQUITY HOLDERS THROUGHOUT THAT PERIOD OF TIME. THEY POINT OUT TO THE COURT THE DUTIES OF A CONSERVATOR TO CONSERVE ANDF PRESDERVE, POINT OUT THAT A CONSERVATOR HAS FIDUCIARY RESPONSIBILITIES, AND ASK THE COURT TO COMPEL THE DEFENDANT(S) TO IDENTIFY THE LOCATION OF THE NET PROFITS THAT WERE PROTECTED SO THEY CAN BE RETURNED TO FANNIE MAE AND FREDDIE MAC.
WE ALL KNOW IT CAN'T BE DONE UNDER THE AUSPICES OF FIDUCUARY SO THE DEFENDANT(S) CAN NOT WIN THE SUIT. THE PROPERTY IS RETURNED TO ITS RIGHTFUL PLACE AND THE COURT CAN BE PETITIONED FOR DAMAGES BECAUSE OF THE WRECKLESS BEHAVIOR OF THE DEFENDANT(S).
The number is a bit farther than you can kick a field goal. Keep in mind, if you practice and get better, those goal posts are moveable.
"not all calabrias fault, Mnuchin chickened out and wanted money for his hedge fund from dubai"
Mnuchin's allegiance was called into question. You see the result. Calabria was just some small fish that Pence knew that was out of the water.
"Yes, it is amazing. They had no way of paying for it as Barron already said.
So, they came up with this non-cash transaction.
It is a big swindle."
Sure it was a swindle. What's amazing is there's no one in the entire legal world that knows how to achieve justice for those that were swindled . . . the shareholders.
"One day we will wake up to halted trading and news about the GSE's fate will be all over CNBC.
Will it go by way of First Republic?
Will it be something incredible for shareholders?
We will see one day."
This point would have been great along about 2010 or so. Today? Forget about it!!!!
Dimon was CEO of JP Morgan Chase before 2008 rolled around. Don't you think his bank had F&F bent over a table with their drawers around their ankles just like all the other TBTFs? Of course it did and Ackman wants him to be President.
Bull shit!
If there would be buffoons on the stage, he would be right at home.
"Crappy day."
I can no longer remember the last "peaches and cream" day!
"Conservators or guardians who are appointed to care for the estate have a fiduciary responsibility to manage the estate’s assets responsibly. Because the state has decided the conservatee is unable to make financial decisions for themselves, the conservator is responsible for acting in the conservatee’s best interests. They have the authority to make all financial decisions on behalf of the conservatee.
FIDUCIARY
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
A fiduciary may be responsible for the general well-being of another (e.g., a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people
Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility."
SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS? PLAINTIFF GOES TO COURT WITH FANNIR & FREDDIE'S FINANCIAL REPORTS SINCE 2013 SHOWING THEY HAVE MADE "X" BILLIONS OF DOLLARS IN NET PROFITS, WITH NONE OF THOSE FUNDS HAVING BEEN DISTRIBUTED TO THE EQUITY HOLDERS THROUGHOUT THAT PERIOD OF TIME. THEY POINT OUT TO THE COURT THE DUTIES OF A CONSERVATOR TO CONSERVE ANDF PRESDERVE, POINT OUT THAT A CONSERVATOR HAS FIDUCIARY RESPONSIBILITIES, AND ASK THE COURT TO COMPEL THE DEFENDANT(S) TO IDENTIFY THE LOCATION OF THE NET PROFITS THAT WERE PROTECTED SO THEY CAN BE RETURNED TO FANNIE MAE AND FREDDIE MAC.
WE ALL KNOW IT CAN'T BE DONE UNDER THE AUSPICES OF FIDUCUARY SO THE DEFENDANT(S) CAN NOT WIN THE SUIT. THE PROPERTY IS RETURNED TO ITS RIGHTFUL PLACE AND THE COURT CAN BE PETITIONED FOR DAMAGES BECAUSE OF THE WRECKLESS BEHAVIOR OF THE DEFENDANT(S).
"Very few people on the Hill seem to understand exactly how Fannie Mae and Freddie Mac work. The GSE'S still need about another $100B in Capital to get to a 2.5% Capital Ratio, which could take another 5-10 years."
Yet, if the money absconded from Fannie and Freddie (illegally, I might add) was returned, both would be INSTANTLY capitalized beyond so-called requirements.
It hasn't happened because the U.S. Government is a criminal enterprise. There's no other assumption to be made.
The only person in Congress that I thought might give a damn in this 15 year fiasco was Mike Capuano and he did not run for reelection last time. Every sitting senator and representative has received pleas from shareholders and haven't given shareholders the time of day. Since we are such a lowly number (11,000 or so, as I recall), all we do is serve as doormats for the government to wipe its feet.
I suspect FHFA wants the public to believe that it RUNS Fannie Mae and Freddie Mac when we all know that the management has always RUN the GSEs. Any regulation done can be done by the corporations or an oversight board meeting once a year; NOT requiring a 700 employee bureaucracy that wasted $ millions of the corporations' money every year. Don't lose sight of the fact that Fannie and Freddie PAYS for that garbage dump known as FHFA.
"Plausible thought: If gov't suspects strongly, or is tipped of that SCOTUS will rule against Chevron and CFPB, then they may move to release before that time to save face and do the R&R on the terms they want. Maybe....never know."
Plausible? YES
Likelihood? SLIM TO NONE
Why? NOBODY, AND I MEAN NOBODY, CARES ABOUT THE PLIGHT AND
INHUSTICE PILED ON THE LOWLY SHAREHOLDERS OF F&F.
"In the Lamberth trial, the FHFA lawyer (Arnold & Porter) told the Jurors, "The Shareholders were freely able to sell their shares, what have they lost here?""
I could start that conversation off by mentioning some shares I have that cost $57+ years ago that now, because of government seizure and control, are worth 50¢ . . . . . just before I knock that lawyer's head off his body!