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Doctor Watson, that guy is hammered down in Yahoo daily.
That's false. The Government can't do anything.
That's false. The Capital distributions, like dividends, are restricted in the Law, with the exception B: to reduce the obligations with respect to ownership interest (SPS)
There you are. FnF have been repaying the SPS under the guise of dividend payments.
What is known as the Secret Plan.
There is no violation because the conservator is authorized to lie in its Incidental Power: Take ANY action authorized by this section, in the best interests of FnF and the FHFA."
As long as the plan is the repayment of the SPS and recapitalization, it's authorized "by this section".
A person with values wouldn't have seen the opportunity to do it secretly.
Remember that the FHFA already did it with the FHLBanks. Publicly it said that they were only paying interests, when the truth is that the annuity was used to repay their obligation with the taxpayer.
With FnF, it continued with a Recap Plan.
THERE IS NO ECONOMIC HARM ONCE THE SECRET PLAN IS UNVEILED.
THE DIVIDEND WAS IMPECCABLY SUSPENDED FOR THEIR RECAPITALIZATION.
***THE U.S. TREASURY READIES A $189 BILLION REFUND TO FnF***
The Equity holders refuse a Taking of their property by the United States at PER 9, as previously suggested, after it's been proven that the FHFA lied in 2011 with the scheme that repaid the taxpayer's assistance in the bailout of the FHLBanks, with the objective to conceal that it's very similar to the secret plan that is being carried out with FnF.
The stocks are bound for a PER 13 times, either with the Charter revoked or not.
The $40 billion in moral and punitive damages are secured.
Numerous heads will begin to roll, including the accessories that write on internet message boards.
More detail on #Fanniegate.
Is that a joke? Another hearing en-banc with the Collins case, at the 5th Circuit Court?
Judge Willett again, right?
***MAJOR BOMBSHELL*** The law that regulates the FHLBanks confirms that what they were paying toward the RefCorp obligation (the entity that bailed them out in 1989) is an amount that reduced the principal, when the FHFA said in its August 2011 press release, that they were only paying interests. So, with the "annuity" that they were paying, their obligation with the taxpayers was fully satisfied in 2011. This is the same plan carried out with FnF. The amount that FnF have been paying, was to reduce the SPS and recapitalization. The FHFA lied.
CONFIRMED: THE FHLBanks WERE NOT PAYING JUST INTERESTS BUT REPAYING THE OBLIGATION WITH RefCorp
— Conservatives against Trump (@CarlosVignote) December 4, 2021
Thus, a secret plan.
12 U.S.C.1441b(f)(2)(C) talks about Interest Payments, but referring to the Funding Corporation (parent Co of RefCorp),not to the FHLBs.#Fanniegate @TheJusticeDept https://t.co/QgtChxAPu3
The attorney David Thompson is having a hard time in the #Fanniegate hashtag.
***BOOM***OUR NEGOTIATOR SUBMITS EVIDENCE OF A SECRET PLAN.
Besides that evidence is that it's the only plan that upholds the law (FHFA-C's Power and Incidental Power; Restriction on Capital Distributions and its exceptions, including the ones in the CFR1237.12), the fact that the first phase (repayment of the obligations with the taxpayers, SPS) has already been carried out by the FHFA with the FHLBanks.
The only difference is that with FnF, it's through Capital distributions, and with the FHLBanks it was through interest payments, although the odds are that the banks didn't record those deductible interests from their Income Statements.
With FnF, there are two phases more.
Now, the 3rd phase: SPS increased for free, a joke. They reduce the core capital and increase the debentures, when the conservator has to put FnF in a sound and solvent condition. So, the opposite, respectively. Both are concealed in the balance sheets (Not debited from retained earnings. The SPS don't show up on the balance sheet). A joke, but only the conspirators are laughing. This isn't funny. It's a crime.
EVIDENCE OF SECRET PLAN
— Conservatives against Trump (@CarlosVignote) December 2, 2021
FHFA 2011 press release: the FHLB were only paying interests(20%of profit)but,if the obligation is repaid,it was applied to pay down the principal.Privately held➡️no one cares.
With FnF,10%/NWS div(+2,3 phases).Publicly held➡️4 Securities Fraud.#Fanniegate https://t.co/QEzPP4iCYJ pic.twitter.com/vms7rhrNDA
The Trump Letter is evidence of the indictment of Trump, accused of fabricating evidence to help his cronies, JPS holders, and pave the way for exercising the warrant for the hedge funds.
He claims that Watt couldn't be fired, when the law says he could be fired for cause.
Read #Fanniegate for in-depth analysis.
The secret plan has been explained a thousand times and it's also explained in the post that you are replying to.
The only plan that upholds the statutory provisions.
A repayment of the SPS and Recap, under the guise of dividend payments to UST, using the exception B to the Restriction on Capital Distributions, the July 2011 CFR 1237.12 and, the phase we are now in, the SPS increased for free are a joke, since they reduce the core capital (currently concealed with securities fraud violations), at a time when the conservator is in charge of putting FnF in a sound and solvent condition.
EVIDENCE THAT THE LETTER OF TRUMP IS A BIG LIE.
He claims that the law prevented him from firing the FHFA Dtr, Watt, when the law states that he could be fired for cause:
-Multiple breaches of the statutory provisions in the Charter Act and the FHEFSSA
-For carrying out a secret plan that upholds those statutory provisions (repayment of the SPS and Recap, under the guise of Capital distributions to UST, using the exceptions to the Restriction on Capital Distributions, both in the FHEFSSA and the 2011 CFR1237.12), but, at the same time, it prompts 4 Securities Fraud violations (stock price manipulation, etc)
-Watt contravened the 2012 (illegal in the Fee Limitation clause) TCCA that required a 10bp g-fee hike each year until February 2014. The second hike was suspended at the eleventh hour, just after Watt was sworn in.
More detail here.
The letter was used yesterday in court by the attorney for the Mnuchin's buddy, Berkowitz, as evidence of no one knows what, because in a Rule of Law, we aren't bound by quotes, but by what is set forth in statutory provisions.
What only shows is a former POTUS fabricating evidence for his cronies chamber investors.
Bradford is our enemy. So, you nailed it.
Exactly, that's because the law firms are included as conspirators.
3.5% is a reasonable rate for the JPS, taking into account that they should be refinanced at lower rates, that I've used to calculate the fair value of the common stocks.
3% is just fine taking into account that the punitive damages multiply it by two. So, it's the 6% that you have mentioned.
OUR NEGOTIATOR HAS SECURED (*) $40 BILLION IN DAMAGES FOR ALL THE EQUITY HOLDERS.
(*) Theoretically.
After a series of tweets during the weekend show evidence of a conspiracy among the plaintiffs who waive the key statutory provisions (low cost borrowing right from UST; Restriction on Capital Distributions and exceptions, including the ones in the CFR1237.12; and the conservator's Power and Incidental Power) and the Judiciary, that misinterprets those statutory provisions, from judge Willett in the 5th Circuit Court hearing en-banc that was the preface for the Supreme Court, the 6th Circuit Court in the famous at the time, case Robinson, the 9 Supreme Court justices and also judge Sweeney and judge Lamberth.
The laws FHEFSSA and Charter Act, prohibit the actions that have led to the current shadow Nationalization. So, if the Govt wants to seize FnF, first they must be in compliance with the law and a retroactive seizure doesn't exist. It must be announced today and pay the fair value for the stocks.
Breakdown of the $40 billion in damages caused by the 4 Securities Fraud violations we all know about, but Glen Bradford: stock price manipulation due to a secret plan; SPS are issued, not increased; Financial Statement Fraud (SPS missing on the balance sheet) and Accounting Fraud (SPS increased for free must be debited from the Retained Earnings acct, not as a kind of dividend payment like today)
Moral damages: mental distress (anxiety, anguish, moral shocks,...) $8ps = 3% interests during 5 years, on the $50 JPS that is used as a reference for the common stocks, regardless that their fair value is higher. 5 years ago is when the dividend should have been resumed under a normal Capital requirement, regardless that today's is totally legal and that the release from conservatorship should have been in 2013/2014, for FMCC/FNMA, resp..
Punitive damages: the fact that many civil servants are involved, is an aggravating circumstance on top of what punitive damages are about(deterrence). The moral damages are multiplied by 2.
The list of conspirators is larger: U.S. Officials and the Mngmt and BOD of FnF.
The penalty for the accessories comes next. We all know their names. We just need one of them to begin to talk.
Do you want more evidence than the fact that you are reading his posts?
OUR ENEMY,GLEN BRADFORD,WRITES ANOTHER TOXIC ARTICLE ON SA.
All his articles and books are written by Rosner.
This is my comment posted in his article, just in case he deletes it like before:
Bradford is living the American dream: become a fraudster under the orders of the hedge fund managers.
FnF's role isn't to provide liquidity to the banks, but to the homeowners to purchase a house.
FnF AREN'T retaining earnings on their way to exit conservatorship. I've told you a thousand times that there is accounting fraud in FnF and the Retained Earnings is wiped out once the SPS increased for free are debited from the Retained Earnings account. So, they aren't building Capital.
FnF don't need to raise Capital to exit conservatorship. They have generated $439 billion of Core Capital during 13 years of conservatorship, and we want that Capital back.
Your multiple calls for restructuring their balance sheets to unlock money for the U.S. Govt, are repulsive. They are the stocks that the hedge fund managers that you work for, would like to buy at rigged prices.
It's time for the FBI to investigate Glen Bradford. The puppet of Rosner, Berkowitz, Pagliara, John Paulson, etc.
OUR SUPREME NEGOTIATOR GIVES THE FINAL COUP THE GRACE TO THE CONSPIRATORS: THE PLAINTIFFS AND THEIR LAW FIRMS, U.S. OFFICIALS AND JUDGES.
The comment focuses on the Incidental Power of the conservator. How a Common Law Conservatorship wording has been used as an authorization to strip FnF of all of their Capital generated during 13 years of Conservatorship, without having to formally announce a Takings and paying the corresponding fair value for the ownership interest (shareholders) and instead, the noncumulative JPS holders (other ownership interest -upon liquidation-) not only are made whole, but also they get back dividends.
Here comes the stroke: a Supreme Negotiator supersedes the Supreme Court.
.@FBI MUST INITIATE A PROBE INTO @TheJusticeDept,@USSupremeCourt,JUDGES SWEENEY, LAMBERTH, WILLETT
— Conservatives against Trump (@CarlosVignote) November 27, 2021
Whether "take any action authorized by this section, in the best interests of FHFA", is the same as "take...of the conservator", because only the FHFA can be conservator.#Fanniegate pic.twitter.com/4uAooJ8cxd
OUR SUPREME NEGOTIATOR GIVES THE FINAL COUP THE GRACE TO THE CONSPIRATORS: THE PLAINTIFFS AND THEIR LAW FIRMS, U.S. OFFICIALS AND JUDGES.
The comment focuses on the Incidental Power of the conservator. How a Common Law Conservatorship wording has been used as an authorization to strip FnF of all of their Capital generated during 13 years of Conservatorship, without having to formally announce a Takings and paying the corresponding fair value for the ownership interest (shareholders) and instead, the noncumulative JPS holders (other ownership interest -upon liquidation-) not only are made whole, but also they get back dividends.
Here comes the stroke: a Supreme Negotiator supersedes the Supreme Court.
.@FBI MUST INITIATE A PROBE INTO @TheJusticeDept,@USSupremeCourt,JUDGES SWEENEY, LAMBERTH, WILLETT
— Conservatives against Trump (@CarlosVignote) November 27, 2021
Whether "take any action authorized by this section, in the best interests of FHFA", is the same as "take...of the conservator", because only the FHFA can be conservator.#Fanniegate pic.twitter.com/4uAooJ8cxd
Bradford, you are living other reality. This is a Conservatorship and propose an Equity restructuring 13 years later, is insane.
The corrupt plaintiffs and the judiciary, fool no one.
This will be resolved administratively, unwinding everything done so far.
IT'S FORBIDDEN TO COMPARE BRITNEY'S CONSERVATORSHIP WITH FnF's.
The case of FnF is about multiple breaches of statutory provisions and securities fraud violations, not about an abusive conservator.
Follow the tweets of our sole negotiator on #Fanniegate, who is negotiating with the Government. All the shit out and all his requirements are satisfied. That's how you negotiate!
There are many elderly people paid by Pagliara, all day posting misleading information or internet links to manipulate your opinion.
That's a lie. I don't limit who can view my tweets. Just say that you have been blocked long time ago, after you blocked me first.
WHY DO YOU CONTINUE TO LIE, GLEN BRADFORD?
BRADFORD WAS ALSO TOLD "EVERYTHING WILL BE OK"
— Conservatives against Trump (@CarlosVignote) November 15, 2021
-"FnF retain earnings on their way out of Consrvtrshp".FALSE.It's wiped out when the SPS for free are debited.The way out began in 2008 secretly
-#Fanniegate isn't a case of abusive conservator,but statutory breaches,securities fraud pic.twitter.com/XDPsdWL0RV
She is from GS.
I wasn't talking about you.
Another lie.
Stop with the Hunter bs. Did Pagliara order you to repeat that Hunter is an investor in that fund?
Talked our enemy, Glen Bradford.
***BREAKING*** The signing ceremony of the Infrastructure bill remains on hold after a shareholder of the mortgage giants Fannie Mae and Freddie Mac spotted that it includes a continuation of the 10 basis points guarantee fee payment initiated in 2012 under the TCCA, that is being deposited in the Treasury Department for expenses in subsequent appropriation acts. This is explicitly prohibited in the clause Fee Limitation of the Charter that regulates them. $28.2 billion is the amount of the refund requested so far, raised with this fee and sent to the UST quarterly.
***THE FnF EQUITY HOLDERS URGE PRESIDENT_BIDEN TO VETO THE INFRASTRUCTURE BILL APPROVED YESTERDAY***
The infrastructure bill approved yesterday brings more attention toward the Fanniegate scandal, because it contemplates the extension of the current 10bp guarantee fee under the 2012 TCCA through 2032, and there is a PROHIBITION of United States to assess or collect a fee or charge with respect to the assets or securities of FnF. The attempts to cover up the laws by the politicians and the corrupt plaintiffs, hit a wall over and over again.
***We urge Pelosi to surrender her weapons***
Her weapons are the Social and Infrastructure bills.
It's not a coincide that Bill Ackman requested yesterday legislative actions, because that's the bazooka that Hank Paulson also requested in 2008 and Pelosi delivered HERA (sole sponsor)
"Bazooka" is how Hank Paulson called HERA in his book.
The conservatorship was already regulated by the FHEFSSA and what HERA did is to break the current low cost borrowing right from UST in their charters, conceal the Restriction on Capital Distributions (now inside the section Capital Classifications, when in the FDI Act is a stand alone provision: PROMPT CORRECTIVE ACTION) and it struck the provision MANDATORY RELEASE from Conservatorship when FnF are Undercapitalized, evidence that FnF must build Capital.
Read our negotiator's tweets on #Fanniegate.
BRADFORD, GARY HINDES AND PAGLIARA ARE BEING WARNED.
Multiple calls for exercising the Warrant, which harms the economic interests of the shareholders.
It will fire back.
***BOMBSHELL*** It's been laid out the only 2 options for the Govt:
1-A net refund (after taxes) worth $167 billion of the ill-gotten funds during Conservatorship (TCCA fees, CRT, SPS overpayments, etc), as part of the so called Secret Plan that upholds the law. The SPS and the warrant must be canceled and post a tax-exempt profit in the case of the SPS.
2-Buyout of FnF at PER 9x. FNMA=$146ps; FMCC=$193ps. Market Capitalization $294 billion. The purchase can be financed with their $313 billion Liquidity Management portfolio. Taking into account all the Capital generated by FnF, either syphoned to UST or now in the balance sheet, and the repayment of the taxpayer's assistance ($191 billion), the UST would be using $248 billion of the Equity holder's money for the purchase. So, the real cost of buying FnF to the UST, is just $46 billion. That's a mere 1.4 times PER with the annualized 3Q adjusted EPS. Footnote: the JPS remain in the Capital structure.
****In both cases it's considered the payment of $40 billion to the Equity holders as compensation for Moral and Punitive damages. $16ps****
The plaintiff Bryndon_Fisher wants to rip off the shareholders, along with the other plaintiffs that just seek a declaration of Nationalization for the JPS holders' contract claim.
Bryndon ostensibly seeks to be on the spotlight. He was allowed to file Amicus briefs in the Appellate Court because he wanted to accompany Fairholme, despite that Sweeney only authorized to go one plaintiff.
***BOOM*** The fair value of FNMA and FMCC drops to $215ps and $288ps, respectively, in the 3Q. It's calculated with a PER of 13 times, after removing from the Income Statement all the abnormal or illegal charges, like the TCCA fees, CRT expenses/recoveries and the charge of the SPS increased for free, and also removing the abnormal windfalls, like the release of the Reserve for Future Credit Losses. The EPS is annualized. It's also included a 3.5% dividend on the JPS. Finally, it's also assumed that there has been a Secret Plan that upholds the law, that makes FnF be only $916 million short of the threshold (Capital Surplus = 25% of the capital buffer) to resume the dividend payments, with a $31 billion of Capital Surplus over Total Capital requirement (Adequately Capitalized) and no stock offerings are necessary.
If you believe the crazy story of the Govt theft, like the corrupt JPS holders that seek a contract claim in court, then FnF have a $404 billion deficit of core capital over an estimated Total Capital requirement, after adjusting the core capital published by FnF for the SPS increased for free.
I request the par value of the JPS and damages worth $16ps for all the Equity holders ($8 for a $25 JPS) after the announcement of the Secret Plan with a refund of $178 billion to FnF.
On the other side, you promote plans or ideas that end up with a dilution of the common shareholders of 99% in their company, amid multiple stock offerings for the hedge funds and a swap JPS for Commons, as those plans don't recover even $1 of Core Capital to offset today's $400 billion deficit of Core Capital over Total Capital requirement. It means that you are stealing 99% of my wealth. Don't expect a "thank you" like the Portuguese @Guido who works for Pagliara to mislead us, along with a dozen more in this board.
We know whatchu doin'.
Our enemy, Glen.
It's not only that the warrant was "fraudulently awarded to UST", but that the shareholders (no the JPS holders) paid for it when it was awarded. I already explained it multiple times. It was issued for free. Thus, as everything that is for free, someone has to pay for it and it was debited from the shareholders' pocket: the Additional Paid-In Capital account (amount ponied up by the shareholders above the par value of the common stock)
$2.3 billion and $3.5 billion was the cost for the shareholders of FMCC and FNMA, respectively.
This is also evidence that it was issued as collateral of the SPS, besides that the law says so (to protect the taxpayer). Although illegal in the Fee Limitation.
The question is, how FnF shareholders can buy back something that they already paid for it?
You write too much.