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They'll do the same for those that swindled FnF.
Maybe present it to Sweeney
could they come out with the settlement news tomorow?????????????
REMINDER: RSVP TODAY TO HEAR MEETING FRIDAY MORNING 10:15
https://directrsvp.com/Directrsvp/WebForms/EventRegistration.aspx?InvCode=801b8049-bdc9-4b7f-ba91-e7e073b96cc3&cs-from=6deaf2f4-786e-4ba5-b169-6a5288001cb4
WHO:
The girl taking notes at Calabria's meeting is likely his own administrative staff.
So how many people actually bothered to attend the meeting?
Does this mean CT holders will get a chance to appear in court February 27, 2020?
Judge Chapmans calendars
Tuesday, January 21st
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc #59936 Motion of the Plan Administrator for an Order in Aide of Execution of the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors
Adjourned Reset for 02/27/2020 at 10:00 am
__________________________________
Tuesday, January 28, 2020
10:00 AM 08-01420-scc Lehman Brothers Inc. Ch.
Adversary proceeding: 19-01368-scc The Lehman Brothers Inc. Deferred Compensation Def v. Giddens
Doc #5 Motion to Dismiss Adversary Proceeding filed by James C. Fitzpatrick on behalf of James W. Giddens
Adversary proceeding: 19-01368-scc The Lehman Brothers Inc. Deferred Compensation Def v. Giddens
Doc# 19 Notice of Hearing re: Motion to Recuse (related document(s)16)
We don't have to wait for July for the uplist do we?
Thank you SwissCheeseAccount
Creditors that participated in the claims consolidation had their final distribution. Not LBHI as a whole
I thought we had our final distro.
Yes, it would be nice if next distro is final.
If you are short, you especially don't want to hear denial of SCOTUS hearing.
You never want to go back to court after you have already won! SCOTUS denied hearing is a huge win.
Burn FNMA shorties, burn.
Terrible for SHORTIES
Why isn't the Fairholme request for 14 day extension not on GSELinks?
Calabria shows some strength, starting at 1:20
On Fox F&F $30 stock. Discusses THEFT by Gov't
https://video.foxbusiness.com/v/4147734290001/#sp=show-clips
I've NEVER seen Gasbag speak the truth about F and F... he pushed Calabria about us paying back the Gov't and they are STILL stealing from us... Calabria is a blithering idiot, but seemed to understand how Gov't looks bad because they won't stop stealing.
Hang Tight Folks! We deserve $30.00 ... don't let ANYONE spook you out.
ZZ Fannie LONG AND STRONGER 100% COMMON USA AVERAGE SHAREHOLDER
(not a hedge funder)
Market Maker Signals
100 I need shares
200 I need shares badly but do not let take the stock down
300 Take stock down at least 30% so I can load shares
400 Keep trading sideways
500 Gap stock. Can be up or down, based on 540 signal
600 Means provide resistance
700 Means keep moving the stock UP
800 Get ready for action
900 Means let the stock float
911 PR out
Where does the 2nd quote come from? If it's from Calabria, it still does not address the illegality of the nws.
Quote:
I thought the ENBANC also said (regardless of FHFA structure) that the FHFA had acted beyond the scope of HERA with the NWS ?
not in their conclusion nor in text
Quote:
We leave intact the remainder of HERA and the FHFA’s past actions—including the Third Amendment. In striking the offending provision from HERA, the FHFA survives as a properly supervised executive agency.
So the move up is intentional and controlled. About time.
Take note please !
PPS MUST BE HIGHER AND HIGHER IN ORDER TO RESTORE INVESTOR CONFIDENCE AND TO ATTRACT MORE INVESTORS .
Strong week ahead of news in our favor for a change.
Sounds good. Maybe 4th is Fully Private.
Second one is maybe Capital Requirement?
A republican president does not care that the democrat president sent Fannie Mae and Freddie Mac profits to treasury forever.
SWEENEY has ALREADY SEEN ALL the SEALED Documents
GOVT doesn't want the MKT to SEE THEIR CORRUPTION !!
It's called Fraud on the Court, and yes the plaintiffs get to present the false statements, and if ruling decision is warranted, damages can be assessed, such as removing an attorney from the bar.
If ruling was based on false statements then plaintiffs have the rights to re-litigate.
Imo uplist possible 2nd qtr
MERRY CHRISTMAS
Don't need 2 CFOs
Freddie Mac CFO James Mackey stepped down after 6 years in the role
2:05 pm ET December 19, 2019 (MarketWatch)
Freddie Mac (FMCC) disclosed Thursday that Chief Financial Officer James Mackey had stepped down, effective Wednesday, after six years in the role.
The government-sponsored mortgage company named Donald Kish, current the corporate controller and principal accounting officer, as interim CFO, effective Thursday.
Kish has been controller and PAO since May 2018. The disclosures were made in an 8-K filing with the Securities and Exchange Commission.
Freddie Mac's stock rose 4.0% in afternoon trading. It has tumbled 14.3% over the past three months, but had nearly tripled (up 195%) year to date. In comparison, the S&P 500 has gained 6.6% the past three months and 27.8% this year.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 19, 2019 14:05 ET (19:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
But the upcoming SCOTUS date of January 10, 2020 and its impacts are completely ignored.
Fannie Freddie Shareholder LAWSUITS were ADDRESSED ....
Freddie offering retirement packages to 1,650 employees
https://www.reuters.com/article/us-freddiemac-cuts-exclusive-idUSKBN1YM2BT
Agree, Chess. Plus by defendants losing at SCOTUS, it wipes away any chance congress will ever have to use FnF as a piggy bank again.
NOT everyone who appeals is AGAINST Fannie sharholders.
Did you ever consider he was trying to get it to the Supreme Court because he would not have to answer to critics blaming him for returning the 125 billion stolen by Obama?
The sooner we get it to the US Supreme Court, the sooner we can get final resolution
Answer: To solidify that by using the courts, congress cannot take over FnF again.
Why would Anyone with a brain RISK SCOTUS decision going wrong? Give me a break!!!!
It like crashing your own car on purpose into a brick wall hoping you get a neck injury so you can sue your insurance company for money. LOTS can go WRONG!! Like death!!
Cmon' Chess.... you know better.
You are absolutely right. They can't object.
They can't object or try to block,
stop or interfere with what they
don't have ... Tell them to POUND SAND !!!
Does Senate have power over the courts? Ever hear of separation of powers?
If SCOTUS is denied and Sweeney decides that NWS is illegal, can Senate still overturn her decision ?
I think you misspelled POTSIE
CONGRESS has DONE ABSOLUTELY nothing for over 11 YEARS on
GSE Reform & now they CAN'T STAND IT that ACTION is
BEING TAKEN without their INEPT INCOMPETENT APPROVAL
- SIT ON it POTSIE !!!
Here's a thought. Maybe Calabria and Mnuchin reply ought to be 'what have you done to plan housing reform in the last 11 years?'
I say execute the plan and then talk about it, a bit.
Congress didn’t put them in conserve nor do they have anything to do with releasing them. MC just won’t shut up and put the plan out there.
That's exactly what I just thought.
I just hope Trump doesn't pass this communication to Calabria to make a stateemnt.
We may be getting close folks.
Senate Democrats Ramp Up Scrutiny of Trump’s Fannie-Freddie Plan
By Elizabeth Dexheimer
December 17, 2019, 2:33 PM EST
https://www.bloomberg.com/news/articles/2019-12-17/senate-democrats-ramp-up-scrutiny-of-trump-s-fannie-freddie-plan
Can't hardly wait.
The conundrum for the current administration is how best to unwind the snarls of the previous two administrations. Restore FnF. And not reward co-conspirator hedge fund 'whales'. Nor take the blame for further enriching them at the expense and risk to taxpayers. Cuz THAT will be the spin from Congress against team-Trump. Long-common shareholder 'minnows' are caught in the midst of this battle. One must simply hunker-down. Endure. And wait for those 11,000 documents to hit the streets. Cuz its obvious team-Trump isn't in sync with Wall Street. Same folks who worked in tandem with 43-44/TSY to exsanguinate FnF. The whales have re-positioned themselves to win regardless of outcome. So the challenge is how to achieve 'restoration' without further enriching bag-men. Allowing them to go SCOTT-FREE. Hence. The courts are where this battle is being waged. It's RICO-time baby. Cuz once all the documents are exposed. The DOJ will act swiftly. And turn this entire scheme on its head. Go after ALL the co-conspirators. And their assets. All who enabled and participated in the theft of FnF by two corrupt administrations. I reckon Wall Street bag-men know they're targeted. And are pulling-out all the stops. Wreaking havoc until its done. Cuz Calabria's tweet clearly upset them.
Buckle-up frens. It's gonna be a bumpy ride.
Do we have dates for activities highlighted in red below?
Treasury & FHFA are NOT going to do ANYTHING
"for" the GSEs until (forced) ORDERED TO by the COURTS -
and then they will APPEAL until they can't APPEAL (SCOTUS)
the "ONLY" shareholder "RELIEF" will come from the COURTS
so WE WAIT for SCOTUS DENIAL to HEAR 5th Circuit Ruling Appeal
and WE WAIT for NEXT SWEENEY UPDATE from Parties - Jan 10th
and WE WAIT for 8th Circuit Ruling - briefed by David Thompson
(he WON 5th Circuit Ruling - and used it for 8th Circuit))
ECAPS
1) Boss, you say that the CTs' Subordinated Guarantee is relevant on June 19, 2019!
Excerpt from the CTs' June 19, 2019 hearing:
MR. Fail: "And certainly, the prospectus
8 which -- we've covered this in prior objections, perhaps
9 before Your Honor's taking over the case, or perhaps after -
10 - the prospectus and documents make it very clear that the
11 only guarantee issued was the limited one, the only
12 guaranteed issued here that's relevant. It's the very
13 limited, very subordinated guarantee of LBHI."
2) Then boss, you say or find out that the CTs' Subordinated Guarantee has no need in this bankruptcy on October 16, 2019.
Excerpt from Mr. Fail's [Plan Administrator] reply brief:
Case 1:19-cv-06397-PAE Document 11 Filed 10/16/19 Page 14 of 32
"There was, however, no need for the Trusts to file a proof of claim
on account of the Subordinated Guarantee."
******
"The Trusts (but not the holders of Trust Preferred Securities) were
listed on the Bar Date Order’s Exempt Entities List, which created an
exemption to the Bar Date for proofs of claims filed by the Trusts. (See
Bar Date Order at 3, 5 (A012-14).) There was, however, no need for the
Trusts to file a proof of claim on account of the Subordinated Guarantee.
As noted above, the beneficial interests of the Trusts and the individual
holders of Trust Preferred Securities were and are represented by more
than $1.26 billion in Allowed claims against LBHI which were filed by
the indenture trustees for the Subordinated Debt."
3) What is the CTs' Subordinated Guarantee? Read the parity clause below! This is big medicine boss!
Excerpt from CTs' relevant prospectus:
"Status of the Guarantees
The guarantee will constitute an unsecured obligation of Lehman Brothers Holdings and will rank:
•
subordinate and junior in right of payment to all other liabilities of Lehman Brothers Holdings,
•
on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and
•
senior to Lehman Brothers Holding's common stock.
The guarantee will not place a limitation on the amount of additional senior debt that may be incurred by Lehman Brothers Holdings.
A | 72
The guarantee will constitute a guarantee of payment and not of collection (that is, the guaranteed party may institute a legal proceeding directly against Lehman Brothers Holdings to enforce its rights under the guarantee without first instituting a legal proceeding against any other person or entity). The guarantee will not be discharged except by payment of the guarantee payments in full to the extent not
21
paid by the trust or upon distribution of the junior subordinated debt securities to the holders of the preferred securities in exchange for all such preferred securities.
The guarantee, when taken together with Lehman Brothers Holdings' obligations under the junior subordinated debt securities, the indenture and the declaration, including its obligations to pay costs, expenses, debts and liabilities of the trust, other than those relating to trust securities, will provide a full and unconditional guarantee on a subordinated basis by Lehman Brothers Holdings of payments due on the preferred securities. See "Effect of Obligations Under the Junior Subordinated Debt Securities and the Guarantee." "
https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm
4) Boss, you drive a hard bargain.
"The Federal government gave the company roughly $50B and got $120B back."
Sounds like the status report due to Sweeney January 10, 2020
ACG Analytics Settlement Window - Apparently everyone "likes" ACG - Commons & JPS alike.
Settlement Window: 12/13/19 to 7/15/20
Per the footnote:
Quote:
*The GSEs could reach these capital thresholds more quickly if they receive a credit on overpayment beyond a 10% return on investment from the government. This would come from a settlement of the litigation.
Settlement Equation: 125$ Billion = Cancellation SPSA + Cancellation NWS (by default) + Cancellation of Warrants + Settlement of all Litigation
I'm going to estimate fmcc closing price today at $3.25