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A written transcript, of course!
***BOMBSHELL*** THE FHFA CONTEMPLATED A STOCK DIVIDEND TO THE SHAREHOLDERS.
2019 rulemaking for the FHLBanks.
It's important for FnF because the accounting of a stock dividend is the same as the accounting standard for the SPS increased for free, stock compensation to employees, etc. The FHFA claimed that a stock dividend is debited from the Retained Earnings account (Equity transaction recorded on the balance sheet), which is correct, whereas in the case of FnF and the SPS increased for free, it's recorded on the Income Statement as if it were a cash dividend, with the objective to make FnF post $0 EPS.
This leads to more securities fraud violations, like financial statement fraud, because if you don't charge it on an Equity account, you can't record the SPS, because you would be duplicating the Net Worth (Equity) increase in the quarter. This is why all the SPS increased for free quarterly since the 1Q2018, are missing in the balance sheet.
Full in-depth analysis.
The Fed is barred from buying the FnF's MBSs in its charter, because it can only buy securities guaranteed by an administration or the Govt, and FnF's are not.
Another "secret".
Any "agreement" must be authorized by the law, because everything surrounding FnF is statutory, that is, all decided, controlled and required by law.
This is why the SPSPA is more like a fact sheet and never a "contract".
No signature is necessary. It's evident that the FHFA, the UST and the conspirators, want to pass the SPSPA off as a new Charter to override the existing one.
The true terms and conditions of the UST funding commitment, are already set forth in their charters, in a "special borrowing right from UST" (Professor Nielson, SCOTUS-appointed amicus brief)
The cover-up of a material fact is a crime of Making False Statements.
A dividend payment is RESTRICTED. All of it.
Either a 1%, 2%,...10%...or a NWS dividend, for any Equity holder.
A dividend is a capital distribution, which are restricted for undercapitalized enterprises.
This is why we assume that the Conservator has been repaying the SPS and then (thanks to the July 20, 2011 rule), recapitalizing FnF in an escrow account at the Treasury Department, under the guise of dividend payments, using the exceptions in the laws.
Which also complies with its power :"Put FnF in a sound (Recap) and solvent (reduce obligations) condition".
Its Incidental Power lets the FHFA do it: "Take ANY action authorized by this section, in the best interests of FnF and the Agency". So, a license to lie. Lying is "in its best interests". It complies with its powers (authorized by this section) secretly.
The Secret Plan.
The SPS dividend is cumulative.
You are neglecting the laws and regulations that FnF are bound to.
The 10% dividend, like the NWS dividend, were fast repayment schemes of the obligations to the taxpayer (SPS), just like the FHLBanks paid 20% of their profits toward the repayment of their RefCORP obligation (a POP-UP bailout by the Congress)
The FHLBanks, additionally had a UST backup at a 0% rate on a $300 million annuity corresponding to their interest payments (10% rate, but because the 20-year Treasury yield in 1989 stayed at 8.49%) and they didn't have to sign any agreement with the UST, because it's written in the statutory provision called (guess what) "Treasury backup".
FnF, with a PERMANENT UST backup in the Charter "at a rate that takes into consideration the Treasury yields as of the last day of the prior month", had a fast repayment scheme too, corroborated in the law stating that capital distribution are RESTRICTED, unless they are applied towards the REDUCTION of the SPS.
The July 20, 2011 Final Rule that I'm highlighting these days, added up anther exception that allows the Capital distributions while in Conservatorship : for their recapitalization.
An exception to a rule means that this is what happened, otherwise the Capital distributions are restricted.
These "agreements" are just fact sheets that reflect what is authorized in the law.
It seems that you don't know that a dividend is a Capital distribution and you also are concealing what is stated in the law.
Is a Capital distribution authorized in the law, yes or not? What for?
The NWS complied with the specific Dates & Deadlines by law, July 20, 2011, because that day was the effective date of the Final Rule that authorized the NWS, otherwise a capital distribution is restricted while in conservatorship.
The Code of Federal Regulations is part of the U.S. Code that governs the country.
What it all boils down to is the SPSPA and amendments are not agreements but simple fact sheets.
Then, every action must be upheld by a law. FnF aren't ruled by contracts with the UST.
Read my prior post explaining it.
Rop case ***THE PLAINTIFFS' CLAIM HAS BEEN DEBUNKED***
The third amendment was enabled by a Final Rule that had an effective date that coincided exactly with the effective date of the time limitation of an Acting Director, July 20, 2011 (210 days)
Evidence that the secret plan is the real thing: a deliberate plan to rip off the shareholders and a conspiracy to defraud the United States.
MORE LIES BY ATT. THOMPSON
— Conservatives against Trump (@CarlosVignote) June 18, 2022
He keeps on w/ the idea that FnF are ruled by contracts w/ UST, instead of Laws/CFR.
Rop case: "3rd amdt, invalid. >210 days w/ Acting Dtr"
NWS enabled by CFR1237.12: Capital distr for Recap:https://t.co/wkq1JV1iKJ
≤210 days.#Fanniegate @TheJusticeDept pic.twitter.com/A2TxeFizRb
CLAIM DEBUNKED. ALREADY EXPLAINED BY OUR NEGOTIATOR.
We couldn't care less about the corrupt litigation. Give it a break.
Today's phantom hearing in the Bhatti case that wasn't referred to judge Schiltz, but judge Docherty.
They are capable of uploading a recording from 2017 or 2018, when it was this judge in charge, and pass it off as a hearing held today.
That's the third judge, Schiltz. Wrong judge as the case was remitted to judge Docherty, when the first judge Bowbeer retired last week.
He lied when he first mentioned it with the first judge. You didn't understand the conversation. Keep it up!
Familymang lied in his first assertion of a June 17 hearing, as explained in my latest post.
The evidence is that neither he attached a screenshot with judge Bowbeer's hearing, as he has done with Schiltz's, nor he showed a court document, back then.
Now, there is no court document either with the judge Schiltz's stamp, evidence that he is the wrong judge infiltrated and they don't want to leave a trace of this conspiracy. The hearing only shows up on the website's calendar.
Familimang has needed a 3rd judge to be right, in what he was ordered to write by the conspirators. He is another crisis actor.
Bhatti hearing: June 17, but with the wrong judge!
Judge Schiltz.
You made it up the first time that you posted the June 17 hearing, because at the time, it was judge Bowbeer and she said in February that everything is in stay until she issues a decision on the motions to dismiss.
She had early retirement last week and the decision didn't come out.
The case was referred to judge Docherty according to the clerk in a docket entry.
Now, the court website shows that there is a hearing scheduled for June 17, with judge Schiltz, when there hasn't been a notice of another reassignment of the case and PACER still shows that the case was referred to judge Docherty.
Besides, judge Schiltz was the one that dismissed this case in 2018. It was remanded from the U.S. Court of Appeals for the 8th Circuit and this judge can't take over the same case again.
There is a dark marketplace for judicial news.
There is no Bhatti hearing on June 17. It was never scheduled to begin with.
Familyman made it all up.
Show an official document with a court order to prove me wrong.
SETTLEMENT PROPOSAL ON THE PRESIDENT'S DESK.
$49 billion is the amount that settles the moral and punitive damages, that will be paid out to the Equity holders as follows:
FNMA holders: $18.4ps
$50 JPS holders in Fannie Mae: $18.4
$50 JPS holders in Freddie Mac: $17.7
FMCC holders: $18.5
It was calculated with a 6% interest rate on a $50 JPS, corresponding to 3% in moral damages, multiplied by 2 for punitive damages, starting at the end of 2016 and until it's estimated that FnF met the threshold to resume the dividend payments under the Table 8 in the Capital rule effective February 16, 2021 (2Q2021 for Fannie Mae and 3Q2021 in the case of Freddie Mac), when the interest payment is doubled to 12% annual rate, assessed quarterly.
The FMCC holders get 5% more, for being unlawfully included in a Class Action with a contract claim in the Lamberth's court. There is no contract, huh?
Why does it start as of end of 2016? The dividend was impeccably suspended, but it's assumed that, under a normal capital requirement, FnF would have been Adeq Capitalized then and start paying dividends. So, it's when our moral damages began. The release from conservatorship should have happened well before (mandatory when Undercap in the prior law), but becoming Adeq Capitalized would have put pressure for the release from conservatorship, more proper for Critically Undercap enterprises.
Full detail here.
Plaintiff Joseph S. Patt, a hedge fund manager, is being concealed by madam Sweeney in court, why?
The SPS were fully repaid in 2013 (FMCC) and 2014 (FNMA), under the exception B to the Restriction on Capital Distributions.
It's the Rule of Law what matters.
THE PLAINTIFFS AND ALL OTHERS WRITING FORMAL DOCUMENTS HARMFUL TO OUR INTERESTS, HAVE BEEN FORMALLY CHARGED WITH STOCK PRICE MANIPULATION, BY OUR NEGOTIATOR.
This opens the door for the request of a $49 billion worth of compensation for moral and punitive damages, to the Equity holders.
Actions have consequences.
1/6 SECURITIES FRAUD VIOLATIONS: STOCK PRICE MANIPULATION
— Conservatives against Trump (@CarlosVignote) June 13, 2022
For The Secret Plan,but it also encompasses the corrupt litigation: an idea that only the courts will save us. Then,request the return of FnF badly damaged,for stock offerings(W; SPS conversion; $398B C.deficit)#Fanniegate
Jim Parrot was not a federal government official, but an advisor. There are dozens of "advisors". He has no say on the implementation of Govt policies. He was instructed to send emails to different people, so that they can be presented in court by the conspirators, as a proof of something, when that has no legal basis whatsoever in a Rule of Law.
FnF are not in a Nationalization but Conservatorship.
Tim Pagliara sent you here to mislead the shareholders.
***BOMBSHELL*** THE UST BACKUP OF FnF IN THE SPSPA, EXPIRED IN DECEMBER 2009. We've been counting on the fact that there is a secret plan and thus, in truth the UST has been using the original PERMANENT low cost backup of FnF. But this de facto usage, can't go on forever. The Congress has to step up and formally update the obsolete $2.25 billion limit, because the current UST backup written in the SPSPA but pursuant to an authorization in the Charter (so, the UST backup is that provision, not the SPSPA), expired in 2009. This is part of the charter dynamics in exchange for the Public Mission (risky activities like countercyclical role or buy loans not properly compensated) , so it has to be updated for sure.
THE DEC 2009 DEADLINE ON THE "PURCHASE" OF HIGH YIELD SPS, IS SACRED
— Conservatives against Trump (@CarlosVignote) June 11, 2022
As pointed out before👇.
🆕A comparison with the FHLBs 1989 bailout (12USC 1441b) confirms that this 2nd UST backup was temporary, suitable for a one-time 5-year investment.
The "FUNDING" provision...#Fanniegate https://t.co/RkiN5RdSZ5 pic.twitter.com/9Iz66ep28R
OUR NEGOTIATOR REQUESTS THAT A $49B PENALTY BE DEFRAYED BY THE CONSPIRATORS THROUGH A RefCORP SCHEME.
RefCORP was a pop-up fund established by the U.S. Congress in 1989, for the bailout of the FHLBanks, different to FnF's that is permanent and written since the charter inception, although shamefully concealed.
Its parent Co, Funding Corp, paid a 10% rate in interests payments because it was a rate that took into consideration the Treasury yields at the time (the 20-year Treasury yield stood at 8.47% at the time)
The FHLBs had a UST backup at a 0% rate on a $300 million annuity, corresponding to the interest payments, as it was initially approved a $30 billion bailout.
The FHLBs had a fast repayment scheme of their obligation RefCORP with the taxpayer, with an installment equal to 20% of their annual profits. The amount paid above the $300 million annuity, was set aside in an escrow account and reinvested in zero-coupon Treasuries, until this amount along with the interests earned matched the total amount due on maturity date of the RefCORP obligation, first established in 40 years. So, this fast repayment scheme reduced this obligation each time and thus, the maturity date was reduced. It was fully repaid in 2011, after 21 years.
Now, the Congress will establish a new RefCORP scheme for the conspirators. Instead of 20% of their profit as a fast repayment scheme, they will pay a NWS, just like FnF have been doing.
The conspirators are all those that have written stuff formally: articles, financial analyses, books, letters, briefs in court, amicus briefs in the SCOTUS like Howard, etc. Not those writing in blogs or internet message boards
They will learn Finance and Law, with heavy losses.
THE CONGRESS TO SET UP RefCorp LIKE IN 1989 FOR THE FHLBs
— Conservatives against Trump (@CarlosVignote) June 11, 2022
Each scammer,one weight.
Parent Co(Funding Corp)will only pay interests at a rate that takes into consideration the T yield(It was 10% then; UST backup at 0%)
Installment: NWS FnF-style,instead of 20% of profit.#Fanniegate https://t.co/iH60GHV9T6
***EXCLUSIVE*** GLEN BRADFORD ANNOUNCES AN EXCLUSIVE.
Did The Moelis Gang give you an advance notice?
St sworn in monday
Plaintiff Joseph S. Patt, a hedge fund manager.
The scam artists keep talking about restructuring, instead of Conservatorship.
Repeating a lie a thousand times doesn't become the truth.
The Court holidays coincide with the Federal holidays.
There aren't Jewish holidays in the United States courts, nor African Kakuna Matata holiday, Chinese New Year, etc.
Another way to create judicial news, like the attorneys sending emails with:
Hi Ron.
Best,
THE CORRUPT LITIGATION, EXPOSED.
CORRUPT @TheJusticeDept ATTYS STAGE THE #FANNIEGATE CONSPIRACY ALL ALONG
— Conservatives against Trump (@CarlosVignote) June 10, 2022
There is no such thing as do-over in judiciary issues.
2017 panel: Batchelder, Gibbons, Cook.
Yesterday: Gibbons, Cook, Thapar.
The judge in 2017 wrote the opinion with "we".
The crooks create expectations. https://t.co/CNMNT3Yk88 pic.twitter.com/iuCubumU8d
***BOOM***The UST lost $11 billion in the bailout of FnF, according to the Charter Act and the FHEFFSA.
A financial analysis highlights that each quarterly SPS "purchase" (not even one purchase, huh?) had its IRR that took into consideration the Treasury yields at the time but, as the UST took a hell of a lot of collateral (the Warrant), now that FnF resume the dividend payments under the Secret Plan, the SPS rate is assessed at 0%, down from a small rate. Which translates into a negative Net Interest Yield (it takes into account the funding cost)
It would have made a $400 million profit (a small but honest profit) had it made a one-time 5-yr $30 billion investment in 2008 (a 2.5% dividend). It's been taken into account the partial repayments of the SPS, until they were fully repaid in 2013 for Freddie Mac and 2014 for Fannie Mae, under the exception B to the Restriction on Capital Distributions in the Law.
Heads will roll! Yep!
More detail here.
The SCOTUS was wrong. The opinion will be revised.
Everyone is entitled to their opinion.
Don't you see that "take any action in the best interests of the Agency" (SCOTUS and the CFC) is different to "take any action authorized by this section, in the best interests of the Agency"?
EXPLANATION OF THE SECRET PLAN (THE LAW)
It consists in what is set forth in the law and regulations, so don't say that there is no evidence that it's being carried out.
Also, a second evidence is that FnF have just posted $313 billion Capital Deficit over the Total Capital requirement, $398 billion is the real figure after the adjustment for the SPS increased for free, concealed by FnF with multiple securities fraud violations.
Don't tell us that, 14 years into a Conservatorshp meant to rehabilitate enterprises, there isn't other side after posting this massive Capital deficit.
The fact that with the plaintiffs' take, FnF don't recover even $1 of core capital, is evidence that the American Mafia is involved in this conspiracy to defraud the United States.
Full detail here.
The judge's February 10th order not only doesn't stipulate Oral Arguments, but also she made clear that beyond the last motion to dismiss by the Defendants on May 2nd, everything remains in stay until she decides on the motions to dismiss mentioned, after which, the attorneys for the Defendants shall contact the clerk to schedule a conference.
This decision hasn't been issued yet.
So, yes, you made it up.
This is what the Judiciary Committees are for. They will compel the Supreme Court and the CFC to revise their opinions.
The entire U. S. financial system is at stake.
@familymang has made up the Oral Arguments in the Bhatti case, for June 17th. The judge hasn't replied yet to the motion to dismiss the case.
Prove it!
The Supreme Court was wrong. The law doesn't say "take any action in the best interests of the Agency" as the SCOTUS and the CFC pointed out, but "take any action authorized by this section, in the best interests of the Agency".
Taking their capital away isn't authorized in the conservator's power of recapitalization (Rehab): put FnF in a sound condition.
The banks have the same Conservatorship wording, so this opinion will be revised for sure.
THE ATTORNEY D.THOMPSON CAUGHT WITH HIS PANTS DOWN.
Not only he doesn't require recording a profit (Core Capital) with the reduction of the Liquidation Preference of the SPS, much better if he signals that it's according to the Law (SPS repaid under the guise of dividend payments to UST, pursuant to the exception B to the Restriction on Capital Distributions), but he made a mistake when he requires "writing down the LP of the SPS to zero", when he should have said "write off", since there are no more incremental write-downs beyond a price of zero.
A write-off involves a credit or debit to an account, depending whether it's an asset or debt of a company.
So, he has no intention to recover even $1 of the $461 billion worth of Core Capital generated by FnF during the Conservatorship.
This is why FnF have just posted $313 billion Capital Deficit over the Total Capital requirement. $398 billion with the adjustment for the SPS increased for free, and nobody says a word.
WRITE DOWN🆚WRITE OFF
— Conservatives against Trump (@CarlosVignote) June 7, 2022
The atty also requested "writing down the LP of the SPS to 0". Not only he didn't add that there must be a tax-exempt profit (Core Capital),but also he uses write down, used for an asset price reduction, but when it's reduced to...#Fanniegate @TheJusticeDept https://t.co/c9r0XZt2Zb pic.twitter.com/P4gLrojYiY
THE ATTORNEY DAVID THOMPSON IS WRITTEN OFF.
The cover-up/misinterpretation of the Law:
— Conservatives against Trump (@CarlosVignote) June 6, 2022
-Restr on Capital Distrib (Prompt Corrective Action)
-Special borrowing right from UST
-FHFA-C's Powers,
led to request what can't be practically fulfilled. Declared invalid. Like comparing🍎and🍊.
The attorney is written off.#Fanniegate https://t.co/ajuopmOumM
The Lawyer Billing Fee for Thompson: $600 million.
This is the penalty that he is required to pay as compensation to the Equity holders, for the conspiracy to defraud the United States and abuse of court process: cover-up of many statutory provisions like the first and only Prompt Corrective Action (restriction on Capital distribution), their special borrowing right from UST in their Charter, etc.
It's included his boss, Berkowitz.
The sponsors of the Moelis plan, BX and John Paulson, along with Bill Ackman: $4 billion each.
The plaintiffs: $50 million each.
The Justice Department: $34 billion.
Law firms.
Financial analysts.
Etc.
Totalling $49 billion worth of compensation to the Equity holders, for moral and punitive damages, required by our negotiator, on the Fanniegate hashtag.
A capital deficit can't be broken down. It's the difference between two amounts, the Total Capital requirement and the total capital of the enterprises, posted by FnF in their earnings reports.
The cause is no other that their earnings (core capital) have been swept to the UST through dividend payments and the SPS aren't core capital due to their cumulative dividend feature (they don't absorb losses like the JPS)
The more captial deficit, the more stock offerings and thus, dilution of the shareholders. The EPS plummets, which is the only driver of the stock valuation.
Now, you'd better stop advocating for the 10% dividend (distribution of earnings) as I told you yesterday!!!!!!!!!!!!!!!!!!!
-The dividends are restricted.
-FnF have a special borrowing right from UST.
You don't understand the $313 billion Capital Deficit as of end of March, 2022, just posted by FnF for the first time. $398 billion with the adjustment for the SPS increased for free that currently the companies are concealing with multiple securities fraud violations.
So, even in the case that the dividend was used to repay all the SPS ($191 billion) and thus, once cancelled, there is a tax-exempt profit (core capital), FnF would still have $207 billion Capital Deficit, which is raised with stock offerings and subsequently, the common shareholders are massively diluted (the EPS plummets)
This is one of the three issues why our negotiator calls the plaintiffs "corrupts" and they face criminal charges for the cover-up of the law, by not challenging:
-The Warrant
-The SPS increased for free: $84.1 billion
-The 10% dividend.
CONGRATULATIONS!!! Our negotiator has placed you in the place where you belong!!!!
Thank goodness that we have a negotiator over on the Fanniegate hashtag.
It's an obligation with respect to capital, that has to be paid back or redeemed. So, it's like a loan, a bond, etc, Joseph S. Patt, a plaintiff in the Court of Federal Claims that is always concealed by madam Sweeney. Could you explain why you are concealed on purpose? A hedge fund behind?
***BOOM*** OUR NEGOTIATOR GIVES THE FINISHING TOUCHES IN THE RUN-UP TO THE ANNOUNCEMENT OF THE SECRET PLAN.
Conceal a new Capital requirement for 13.5 years, enabled the MOB to carry out the Secret Plan and other mobsters spread the Government theft story: "We've been robbed!"
A Capital requirement marks the threshold when FnF are Adequately Capitalized, the dividend payment is resumed and, thus, the JPS's fair value fetches its par value. So, they've been like Discount Notes or zero-coupon notes all along.
Later, the Table 8 "payouts" added up a new threshold.
They don't want you to know that the JPS are fixed-income securities, so that they can mistakenly claim in court that the JPS holders are "FnF shareholders" and negotiate with the Govt about how to rip off the shareholders.
THE JPS'S FAIR VALUE CHART IS VERY IMPORTANT
— Conservatives against Trump (@CarlosVignote) June 4, 2022
The reason for the Secret Plan and Govt theft story:
-Conceal that a JPS is a fixed-income security(now, zero-coupon)
-Claim in court that they are FnF shareholders
-Negotiate a swap P-C, in exchange for the Warrant/10% div.#Fanniegate https://t.co/6Wf1gVCveY pic.twitter.com/ACUHQ5blEw