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Why would Treasury, working with FHFA, write a letter to congress September 30, 2021? Mnuchin and Calabria, agreeing to do that in the January 2021 letter, are no longer in office and cannot enforce.
https://www.fhfa.gov/Government/Pages/Letters-to-Congress.aspx
Why now?
What seems to be the hold-up with the briefs?
Who is willing to send the letter to the FHFA?@timpagliara @bryndonfisher @MarcusLiotta @BillAckman #fanniemae #freddiemac $fnma $fmcc pic.twitter.com/hqycUzOHll
— Ano (@Ano3020100) September 3, 2021
Where did you find that Wise Man
I call 60 days
Agree, but are commons winning here or government?
How many judges are speaking? Have not heard from Schwartz.
Judge O’Mally Judge Crouch (?) are talking
Thank you.
The hearing is telephonically.
https://www.youtube.com/channel/UC78NfBf28AQe3x7-SbbMC2A
Looks like arguments are telephonically.
http://www.cafc.uscourts.gov/scheduled-cases
https://www.youtube.com/channel/UC78NfBf28AQe3x7-SbbMC2A
Okay, 717 Madison Avenue, 10:00 am
I'm glad you all can find your way around their web site.
Thanks, same address though.
Any ideas on this? Am I looking in the wrong court?
I don't see anything for Fairholme in the US Court of Federal Claims
https://www.uscfc.uscourts.gov/sites/default/files/20210804.pdf
I don't see anything on the schedule for Fairholm at the US Court of Federal Claims
https://www.uscfc.uscourts.gov/sites/default/files/20210804.pdf
Laura Wertheimer was the fhfa lawyer by Phyllis Fong. She likely advised fhfa directors on what the Fhfa stance was to support corrupt cship. Biden got rid of her. Shocking actually.
Think Phyllis Fong will show up in court this week?
How long can temporary last?
Will Phyllis Fong be in court representing FHFA?
That is HUGE news.
The Biden administration on Friday named regulator Phyllis Fong as the acting FHFA-OIG of the Federal Housing Finance Agency (FHFA) following the resignation of her predecessor, Laura Wertheimer, who was investigated for abusing her authority.https://t.co/gDtvt1Dp9H pic.twitter.com/r6hyK7VnCp
— Ano (@Ano3020100) July 31, 2021
Neither Schwartz nor Sweeney is listed as a Judge for the United States Court of Appeals for the Federal Circuit
The hearing is listed for 10:00
202-275-8000
717 MADISON PLACE, N.W.
WASHINGTON D.C. 20439
Panel C: Wednesday, August 4, 2021, 10:00 A.M., Courtroom 201
20-1912 CFC Fairholme Funds, Inc. v. US [argued]
20-1934 CFC Owl Creek Asia I, L.P. v. US [argued]
20-2020 CFC Arrowood Indemnity Company v. US [argued]
20-2037 CFC Cacciapalle v. US [argued]
20-2190 CFC Washington Federal v. US [argued]
Nice catch, have to scroll down Navy's list.
Do you see either Schwartz or Sweeney on the list of Judges there?
http://www.cafc.uscourts.gov/judges/kimberly-moore-chief-judge
When I did the research I used the August 3 and 4 dates, but the c/p link only went through July 31, I didn't realize.
Use this link.
https://www.dcd.uscourts.gov/court-calendars
Judge Sweeney is in the United States Court of Federal Claims
http://www.uscfc.uscourts.gov/
I don't see a link to that court's calendar.
Nothing for Judge Schwartz who is said to replace Judge Lamberth. Judge Lamberth has something on the calendar for both Aug 3 and Aug 4, but not for FnF. Also notice there are 2 dates mentioned - August 3 and August 4.
"Oral Arguments Wed Aug 4 - simultaneous response Briefs Today (Schwartz)"
I don't see anything on the calendar for Schwartz for Aug 4
Use this link and adjust the date to August 4
https://www.dcd.uscourts.gov/court-calendars
I don't see anything on the calendar for Schwartz for Aug 3
Use this link and adjust the date to August 3
Lamberth is still around though.
Thanks for letting me know. I'll adjust the post.
Nothing for Judge Schwartz who is said to replace Judge Lamberth. Judge Lamberth has something on the calendar for both Aug 3 and Aug 4, but not for FnF. Also notice there are 2 dates mentioned - August 3 and August 4.
"Oral Arguments Wed Aug 4 - simultaneous response Briefs Today (Schwartz)"
I don't see anything on the calendar for Schwartz for Aug 4
https://ecf.dcd.uscourts.gov/cgi-bin/CourtSched.pl
I don't see anything on the calendar for Schwartz for Aug 3
https://ecf.dcd.uscourts.gov/cgi-bin/CourtSched.pl
Lamberth is still around though.
https://sec.report/Document/0001104659-07-037211/
These series 7 are called MCAPS and have FV of $1000....so the 6.2 million shares = a whopping $6.2 BILLION!!!!
Not sure how MCAPS (a capital trust) compare with CTs and ECAPS...should be in similar status.
Interesting indeed.
IMO GLTA
Or how about paying classes not we’re not guaranteed payment ahead of sub debt?
"Trust Preferred Securities - Trust preferreds represent most of the new preferred security offerings being issued recently. The trust preferred is a hybrid security consisting of a preferred stock issued by a special trust and a debt security issued by the company. The special trust is a subsidiary of the company set up solely for the purpose of selling and administering the trust preferred securities."
I hope you got the Drift as to where I am going... By Law, LBHI has to either re-instate our dividends and in conjunction letting us trade again 'at par' on the 'Big Board/NSDQ' OR Issue us NEW Equity 'In Lieu' of our CT preferreds, in the same 'exchange ratio' they are affording the Senior Debt 'in order to retain us as 51% (AKA 'Old & Cold' Equity)' in the NEW Lehman Equity Capital Structure, so that they will be "IRS Legally Compliant" to use the $60B+ NOLs as NEW Lehman...So, hold on Tightly to them CTs!.
We (meaning the "Trust Company' issuing the CTs, for each of the CTs) are a "Subsidiary" of LBHI & in September of 2008 ONLY LBHI & a few of the Subsidiaries Filed Bankruptcy, NOt all Subsidiaries filed for BK and CT trust Subsidiaries didn't either - this was 'By Design', so that the 'recoveries/income streams' of the Trusts/CTs, could be 're-directed' to the Sr. Debt-holders invoking our 'Sub-ordination' clause... OK, we Put up with that BUT bu that Action, LBHI essentially accepted that we (CTs) are NOT Bankrupt... So, Mr LBHI, now the time has come to 'Pay the (CT) Piper', once LBHI 'closes/exits' BK...
The question is do they have a subordinated guarantee? If they do, it is protected by Bankruptcy Code 510(a).
Is there a hearing in DC August 4 or not? Thank you for letting me know.
I added posts to lhhmq, lehkq and lehlq.
Those boards don't seem active though.
It seems likely.
Thank you
Share Count As of July 20th 2021
LBHI Capital Trusts III - 37 participants
LBHI Capital Trusts IV - 44 participants
LBHI Capital Trusts V - 44 participants
LBHI Capital Trusts VI - 46 participants
Class Action Lawsuit Against the BNYM, as Trustee
They are looking for shareholders who are interested in joining a class action lawsuit against the BNYM, as Trustee, for breaching their fiduciary duty to require Lehman Brothers Holdings Inc. to file the subordinated guarantee certificates annually. It is the responsibility of the Trustee each year to make sure the certificates are filed.
Quote:
Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee.
The failure to file the certificates allowed LBHI to ignore their obligations under the subordinated guarantee resulting in a combined loss to shareholders up to $1.2 billion dollars.
If you are a shareholder and you feel that you are harmed by the BNYM, as the trustee, for their failure to require the filings of the certificates, include the following information in an email and send it to
lbhict34566investorsunited@gmail.com
Information to be included on the email
Name
Address
Contact number
email
Number of shares
Date Acquired
Share Count As of July 20th 2021
LBHI Capital Trusts III - 37 participants
LBHI Capital Trusts IV - 44 participants
LBHI Capital Trusts V - 44 participants
LBHI Capital Trusts VI - 46 participants
Will the final distribution occur October 2021?
This board supports 4 LEHMAN CTs. Lehkq, Lehlq, Lehnq, Lhhmq
Class Action Lawsuit Against the BNYM, as Trustee
They are looking for shareholders who are interested in joining a class action lawsuit against the BNYM, as Trustee, for breaching their fiduciary duty to require Lehman Brothers Holdings Inc. to file the subordinated guarantee certificates annually. It is the responsibility of the Trustee each year to make sure the certificates are filed.
Quote:
Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee.
The failure to file the certificates allowed LBHI to ignore their obligations under the subordinated guarantee resulting in a combined loss to shareholders up to $1.2 billion dollars.
If you are a shareholder and you feel that you are harmed by the BNYM, as the trustee, for their failure to require the filings of the certificates, include the following information in an email and send it to
lbhict34566investorsunited@gmail.com
Information to be included on the email
Name
Address
Contact number
email
Number of shares
Date Acquired