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TIMOTHY HOWARD IS A CONMAN. THE CAPITAL REQUIREMENTS HAVE NOTHING TO DO WITH THE CONSERVATORSHIP.
He belongs to the legal team that works for Berkowitz. It turns outs that with the remedies sought by the plaintiffs, FnF don't recover even $1 of core capital. So, today's $400 billion deficit of core capital over the total capital requirement, no matter how you change the capital rule because it won't be reduced to match the core capital, primarily because the core capital is negative today.
So, it's all about recovering the core capital sent to UST in the form of dividends (retained earnings is core capital) and other expenses, like the TCCA Fees, etc, and not the capital requirement.
***THE U.S.CONGRESS TO FULLY BACK THE TREASURE MAP THEORY***
All the information is available to the public, in what now is known as a Treasure Map. In statutory private corporations (everything is decided, controlled and required by Law, not by contracts Purchase Agreements between rogue Agencies, that has only been useful to update the obsolete limit in the low cost borrowing from UST established in the Law), every person in the world should have downloaded the laws and regulations surrounding FnF.
These are the 9 TOP CLUES in the Treasure Map that make us think there has been a secret plan, in a conspiracy to defraud U.S., as the section 371 states that "defraud" also includes the U.S.'s policies and programs, like a congressional charter. Today's $400 billion deficit of core capital over total capital requirement, is the evidence of this attempt to defraud U.S. jointly with the corrupt plaintiffs and judges.
1-FHFA-C's Rehab power: Recap + reduce the SPS.
2-Capital Distributions, restricted. Exception(B): SPS repayment.
3-July 2011 CFR1237.12. New exception: for Recap
4-July 2011 final rule, where FHFA explains the points 1 and 2.
5-SPS increased for free reduce the Core Capital (Then, it's a joke)
6-The Adjusted Total Assets to calculate the Total Capital requirement(JPS valuation)is taken from the 1Q2021 filing.
7-FHFA-C's Incidental Power: a license to lie.
8-4 Securities Fraud violations: we deal with the Mob.
9-The relationship with the UST is set forth in the Charter. We see that the high yield SPS were authorized in a provision with the same name as another provision below that contemplates low cost borrowing from UST since the inception of the Charter. Also, the Warrant is a security authorized "to protect the taxpayer" (collateral of its investment in SPS) or illegal in the Charter's Fee Limitation, clause where it's highlighted the low cost borrowing right from UST mentioned before.
The Moral and Punitive damages, secured, as it would act also as a tax-exempt settlement with the Equity holders (3% compound interest on the $50 JPS during 5 years, is $8ps. It will be used as a reference for the shareholders, that will get the same amount, and $25 JPS holders). The settlement with FnF is established at $6 billion, as the interests on Govt overpayments is the short-term Treasury yield (approx. 0.4% annual rate)
The conversations between @kthomp19 and @ano, remind me the recent Oral Arguments at the Federal Circuit. Not when the lunatic Lady judge was continuously interrupting everybody with judiciary verbosity no one cares about (derivative, direct, derivative, direct,...), but because I have the impression that they don't understand each other.
These lawyers must step aside from the #Fanniegate scandal. It's all about Finance matters and they are just making noise and diverting the attention, as they cover up the key statutory provisions that uphold what otherwise would be a basic financial decision: the dividends are suspended for the recapitalization of undercapitalized financial enterprises.
I'm talking about a different negotiator, not about the corrupt plaintiffs and their attorneys.
Read the post again.
BREAKING.Our negotiator requests $8ps to settle the scandal, as compensation for Moral and Punitive Damages. More detail on #Fanniegate.
HERA is a law that amended the charter and the FHEFSSA. So, there isn't two confronting laws. There is only one law: Charter Act, as amended by HERA.
There are confronting provisions within the same law.
The Secret Plan has been renamed THE TREASURE MAP.
Every citizen has access to this map and therefore, all the information is available to the public. The U.S. Officials keep it secret, unaware that Treasure map can be easily found because it's what is set forth in the laws and regulations that govern FnF.
You just have to know where to seek the clues that would lead you to the treasure and, most importantly, know how to correctly interpret the clues, because the plaintiffs and the Judiciary have been deadly wrong in their plan to rip off the shareholders.
On #Fanniegate, it's been posted, free of charge, the top 9 clues in the Treasure Map, so you save the work of searching the clues. Now, you just have to interpret them, which has also been posted before.
Most of you still don't know what the Treasure is or where it is, even after reading all the analysis.
Good luck!
ARE YOU ASKING WHY THE WARRANT IS COLLATERAL OF THE SPS 13 YEARS INTO THE CONSERVATORSHIP?
A warrant is a security. Then, you have to go to the law and see whether the UST is authorized to purchase that security.
The Charter, as amended by HERA, states that the authority of Treasury to purchase such security, after the determination of emergency, it must be to (iii) protect the taxpayer. A security that acts as a protection is called collateral and the only investment where the taxpayer has any risk, is the investment in SPS.
The conspirators also say that it wasn't purchased as the Treasury got it for free as compensation for the funding commitment. Then, it's barred in the Charter's Fee Limitation, that prohibits the United States to assess or collect a charge or fee with regard to the assets or securities of FnF, other than the original (prior HERA) low cost borrowing right from UST.
Download the law and use the search tool to see what I've mentioned with your own eyes.
The views from someone that hasn't read the laws. Both the charter and the FHEFFSA.
The Warrant can't be exercised. It was issued as collateral of the SPS (to protect the taxpayer) and barred in the Charter's Fee Limitation.
The SPS were repaid in 2013/2014, pursuant to the exception B to the Restriction on Capital Distributions.
What are you talking about? The dividend payments have nothing to do with the conservatorship, but being Adequately Capitalized. This is what the divided was suspended for, in 2008.
With FnF, you have to add the new rule (Table 8) of payouts. A payout is barred until FnF fetch the threshold of 25% of the buffer. So, Adeq Capitalized now isn't enough.
We are almost there to resume the dividend payments. Therefore, the JPS's fair value today is 99.9999999% of their par value.
There won't be reIPO because FnF are already trading on the market. Besides, there are no stocks to offer to the public.
***BREAKING*** FnF are only $1.3 billion short of the 25%-of-Buffer threshold to resume the dividend payments, not $4 billion mentioned before. I have changed the method to calculate the Total Capital requirement, now based on the Leverage or Minimum Capital, because it's a metric higher than the Risk-Based Capital requirement and thus, it's the lead metric. It was also used by FMCC when it posted its estimation of Total Capital in the 1Q2021 results. FnF did not post an estimation with their 2Q results, this is why we have to extrapolate their estimation posted in the 1Q. The Leverage Capital is the minimum amount of required Core Capital, but the C.C. is equal to the Total Capital when there is no TIER2 Capital, like with FnF. This is why Leverage Capital is also a Total Capital requirement, like the Risk-Based Capital requirement. It's calculated (2.5%+1.5% of Buffer) x Adjusted Total Assets. So, the only unknown is the Adjusted Total Assets and we take the figure of the 1Q. The Adjusted Total Assets in the 1Q were 16.7% and 18.5% higher than Total Assets, for FNMA and FMCC, respectively. Assuming that this percentage is the same in the 2Q, we calculate the Total Capital. The combined amount is $205.5 billion. It means that, with the Secret Plan, FnF would have $30 billion Total Capital Surplus as of end of June 2021 (Adequately Capitalized). That's 24% of the buffer and the threshold to resume the dividend payments is 25%, that marks the date when the JPS would fetch their par-value.
No one wants to talk to the conman Howard.
Leave him alone!
@Ano, remind me what I told you will happen to you, if you ever omit again "authorized by this section" in the statutory provision that states: "take any action authorized by this section".
Please, just leave.
The secret plan is about a secret recapitalization. For how long? It shouldn't be a secret plan to begin with. The dividend is suspended for recapitalization. After FnF reach the threshold to resume the dividend payments, established at 25% of the total capital buffer, the dividend payments are resumed.
With my estimates, FnF were $4 billion short of that threshold as of end of June, 2021. So, it'll be surpassed with the 3Q results due on November. If as of that date, the dividend is kept suspended, it's added up another felony to the long list of felonies. So, there is no end date.
The U.S. Officials don't care about accountability because it doesn't exist in the U.S.. This is why the country is run by the Mafia and galloping deficits.
Why do you continue to repeat the lies of Howard?
A scam artist indicted in 2005 for stealing from the shareholders when he was FNMA CFO. He was barred from providing any service to Fannie Mae ever again, but you repeat his lie contending that the Biden Administration is seeking his advice.
There was no Nationalization in 2008, but a Conservatorship.
Thus, there is a Secret Plan authorized in the Law under the conservator's Incidental Power (Lying is in its best interests), otherwise multiple breaches of statutory provisions.
There is no such thing as a redo in this world.
Howard wants a retroactive declaration of Nationalization in 2008, for the JPS holders' Liquidation Right.
1)Again. The reality is that FnF ARE increasing the SPS for free every quarter and I'm telling you that you can't look at the balance sheets because FnF ARE NOT posting them on the balance sheets, which is financial statement fraud. If you read the SEC earnings reports, it's mentioned the actual amount everywhere and pursuant to the amendments to the Purchase Agreement since December 2017.
2)I'm just saying that there is no merit in releasing a report that is required to be released by law in August, regardless that her predecessor didn't release it.
3)I only beat up the morons illiterates.
1) SPS do increase every quarter for free, per the Purchase Agreements, since 2018. Other theme is that FnF aren't recording these SPS on the balance sheet, which is Financial Statement Fraud and Accounting Fraud. So, your statement is based on fraud in an attempt to mislead the shareholders.
2) 12 CFR 1238.7 requires each Enterprise to publish a summary of its Dodd-Frank Act stress test results not later than August 15. So, the Acting Dtr was just complying with this requirement and there is no merit in doing it. Calabria illegally skipped this obligations in 2020, required by Dodd-Frank law. The stress test is required by law annually. If the FHFA posts in 2021 the stress test of 2020, it doesn't solve the illegality committed in 2020.
3)Crazy is the moron that thinks that one has to post with the same name in every message board he writes, like you that write with Guido on Twitter, Ihub and Yahoo. One chooses the nickname it wants. I use several IDs on Yahoo in order to not burn the one I use for my in-depth analysis, because there are many posters publishing garbage like the plaintiff Joshua Angel, Rodney, you, etc or insulting me and I have to reply with insuts too. This way, I protect the main ID with my in-depth analysis, so that people don't mute me, which is what the lunatics that insult me, want. Tim Howard is a conman and you are promoting him following orders of Pagliara.
The conman Timothy Howard was barred from ever providing any service to Fannie Mae, after the charges pressed by the S.E.C. and the OFHEO (former FHFA) of stealing from the shareholders in 2005, using accounting fraud to reach the EPS target bonus. It can be seen in the 300-page report published by OFHEO.
Now, as a blogger, he is continuously talking about Fannie Mae and it can be considered a non remunerated work and a breach of the ban on providing a service to Fannie Mae.
This guy should have taken a low profile role after his shameful role at FNMA. No wonder why he was chosen and he's being pumped by the conspirators that want to rip off the shareholders.
A scam artist.
BOMBSHELL! MORE ON THE COUNTS OF ACCOUNTING FRAUD AND FINANCIAL STATEMENT FRAUD.
Hadn't the dividend been impeccably suspended for the recapitalization of FnF, they could have paid out dividends regardless of the SPS increased for free.
Although the Statement of Comprehensive Income also includes all the changes in Equity from nonowner sources, specially on the Other Comprehensive Income (example: unrealized gains/losses in Available-For-Sale securities), the SPS increased for free aren't included in Other Comprehensive Income. So, FnF are correct on this aspect, but they fail when they record a charge on the Net Income when calculating the Net Income attributable to shareholders, like a charge when there is a cash dividend payment on the JPS or SPS (NWS in the 3rd amendment)
Why does it matter? Because the amount attributable to shareholders is also known as the amount distributable to shareholders as a dividend payment (depending on the payout ratio), after the dividend payment on the JPS.
With the illegal charge of FnF, it shows that there is $0 distributable to JPS holders and, then, to shareholders, when in truth, as the SPS increased for free is a non-cash compensation, the full Net Income could have been distributed as dividend.
The bottom line is that the operation is a pure Equity transaction and it shouldn't have appeared on the Statement of Comprehensive income, but only on the balance sheet, and debited, that is, its corresponding charge or offset in the form of reduction of Retained Earnings.
FnF aren't posting the new SPS increased for free on the balance sheet (that should include even the ones pending to be increased at the end of the next quarter), in order to not post the offset (debited), because this offset wipes out the Comprehensive Income of the quarter and the scam artist can no longer say that FnF build Capital.
This in-depth analysis secures the prospect of a fat compensation for Moral and Punitive damages to the Equity holders, as it serves also as a settlement for all the wrongdoings: the Securities Fraud violations and a Conservatorship carried out with a secret plan.
CALL ON THE @FBI TO ARREST A CRIMINAL ENTERPRISE:@TheJusticeDept,@Scotus,@FHFA and FnF's Mngmt/BOD
— Conservatives against Trump (@CarlosVignote) September 7, 2021
Hadn't the div been impeccably suspended for Recap,FnF could've paid out dividends,regardless the SPS increased for free.
FMCC: real SPS on the bce sheet,June 2021=$95b. #Fanniegate https://t.co/mrfVn9Sc8w
Daily in-depth analysis on #Fanniegate.
***BREAKING*** THE 110TH AND 112TH U.S. CONGRESS WILL RECEIVE A REPRIMAND FROM THE 117TH U.S. CONGRESS.
Congressional finding: 2008 HERA and 2012 TCCA, enabled what is explicitly prohibited in the Charters of FnF: 10%/NWS dividend, SPS for free, Warrant, CRT, TCCA fees, 4.2bp for a UST/HUD's slush fund, sell loans not in default, etc.
Besides, defrauding FnF with any artifice, like the scheme of Conservatorship, claiming that the conservator has absolute discretion and can benefit itself "and, by extension, the public it serves" (Supreme Court opinion) out of Capital generated by the enterprises, is an aberration and it's put on the same level as defrauding United States, a federal offense in the United States of America under 18 U.S.C. § 371, since, in "defraud", it's included "its Agencies, programs and policies", like a congressional charter. The evidence of the fraud is today's huge Capital deficit over Capital requirements.
The U.S. Treasury and the White House are compelled to refund the $184 billion owed to the enterprises, and proceed with the payment of a compensation for Moral and Punitive damages to the Equity holders, in an amount deemed appropriate to relieve the damage caused.
PAGLIARA'S SECRETARY POSTS TOXIC COMMENTS TAKEN FROM YAHOO.
It's his blog inside the WH website. Get it?
***BOOM*** THE WSJ USES A BLOG WRITTEN BY THE ADVISOR JARED BERNSTEIN, AND PASSES IT OFF AS A WHITE HOUSE PLAN.
Blog:https://www.whitehouse.gov/cea/blog/2021/09/01/alleviating-supply-constraints-in-the-housing-market/
This is the famous White House plan that was going to be unveiled today by the WH, about "alleviating supply constraints in the housing market".
This is a misrepresentation of the official policy agenda.
I only read #Fanniegate on Twitter.
The Scotus opinion claimed that the Incidental Power of the conservator allows the conservator "in its best interests" to funnel capital to the Agency, "and by extension, the public it serves," as a way to legalize the NWS, adding that it led to a "path of rehabilitation".
The corrupt Justices omitted that the sentence includes "actions authorized by this section", because it automatically slams their assertion, as depleting Capital isn't authorized in the section: powers as conservator: put FnF in a sound condition (recapitalization), which is the true path of rehabilitation.
That section is more related to actions at its discretion, "incidental" or secondary to the powers, which are the actions like management and staff reshuffle, change their operations and organizational structure, restrict activities, etc.
It's the best interests of the Agency as conservator.
***THE SHAREHOLDERS GO ALL IN*** They require that FnF must recover all the Core Capital funneled to the UST with numerous schemes (dividends, CRT, TCCA fees, SPS increased for free, corporate tax on the settlements and the payments for the UST/HUD's slush funds). The secret plan resolves the allegation against the FHFA of conspiring to defraud U.S. and breach of statutory provisions, but it doesn't resolve other felonies, like stock price manipulation or Securities Fraud. The shareholders request that the corrupt plaintiffs, along with their law firms and the Moelis gang (sponsors J.Paulson, Blackstone, Pagliara, ACG Analytics, Glen Bradford, etc) must help the DOJ to defray the cost of the compensation for Moral and Punitive damages to the Equity holders. The allegation of conspiring to defraud U.S. will remain in place for the corrupt plaintiffs. They covered up the law in court and their remedies requested do nothing to recover even $1 of Core Capital missing. Today's deficit of (adjusted) Capital over the Minimum Capital and the Total Capital requirements are $246 billion and $405 billion, respectively. These are the grounds for the allegation of defrauding U.S., as the law stipulates that "defraud" is also related to "the United States' Agencies, policies and programs", like a congressional Charter. Leaving FnF with such a deep Capital hole, after 13 years in Conservatorship, when the lack of Capital was the reason for the Conservatorship, is the best example of fraud.
More detail on #Fanniegate.
***BOMBSHELL*** 13 years of a Secret Plan, the statutory provisions that hold it up and how it will be unveiled now, explained in just one tweet. The Supreme Court opinion legalizes the breach of the statutory provisions mentioned, after making up what is set forth in the Law, and now it enables a backdoor settlement between the UST and the corrupt plaintiffs (one gets the ownership of FnF and the JPS holders get the par value and back dividends since 2012, thanks to their Implied In Fact Contract claim). The judicial branch of the Mafia. Thugs in black robe.
SECRET PLAN(INC POWER)
— Conservatives against Trump (@CarlosVignote) August 28, 2021
FHFA-C's Rehab Power: Div suspended for Recap per HERA's Restr on Capital Distrib.Exception B for SPS repayment.
Illegal 2011 CFR1237.12 enabled to continue Recap under the guise of div payment to UST.
SOLUTION
$184b refund
SPS/Warrant,cancelled.#Fanniegate pic.twitter.com/irUNRdOc7A
Look who is here! The plaintiff JosephS.Patt. Hello!
***THE SCOTUS JUSTICES CHARGED WITH CONSPIRACY TO DEFRAUD UNITED STATES*** The 18 U.S.C.§371 considers defraud as any scheme to defraud the U.S., but also "its Agencies, programs and policies." This includes Congressional initiatives like the Charter of FnF, with a Govt-Sponsored Private Corporation status. This can be easily seen considering that the UST backstop kicks off when FnF lack Capital. The Scotus opinion legalizes the current picture with a deep Capital hole, where FnF have a $405 billion deficit of Capital over Total Capital requirement, established in the recent Capital rule effective February 16th, 2021, regardless that the FHFA doesn't authorize FnF to publish the data until January 2022. We can calculate the data and also FnF gave their estimation with their 1Q 2021 results. The plaintiffs face the same charge, as their lawsuits leave FnF with $214 billion deficit over Total Capital requirement. This compares with $25 billion Capital Surplus according to Law, under the so called Secret Plan. The UST is recipient of the Capital missing, but this is incidental.
Pershing's Bill Ackman and his attorney are beaten up severely today on #Fanniegate.
DISGRACEFUL PERSHING's @BillAckman,A BILLIONAIRE FOR BEING CLOSE TO THE ADMN(CHAMBER INVESTOR)
— Conservatives against Trump (@CarlosVignote) August 26, 2021
-#Fanniegate isn't a Taking case but a case of breach of statutory provisions.
-@FHFA doesn't have absolute discretion.
-@Scotus breached the FHFA's "independent Agency" status in HERA. pic.twitter.com/NWHLx9eyAR
There are grounds for discretionary authority to place FnF in conservatorship, but that's the opposite to your statement contending that the FHFA can place FnF in conservatorship whenever it wants.
Notice the difference?
Yes, one option is (I) consent by the BOD, yet it also slams your assertion, as it needs the BOD consent.
The financial condition of FnF is known in their SEC filings. What we don't know is the real reason for the conservatorship.
We can estimate that it chose the option (G)LOSSES, about future losses that deplete Capital, because that's what has happened. The option (I) alone, would be outrageous.
***SCOOP*** The Supreme Court Justices followed instructions from the politicians, so that their opinion achieved the most sought-after resolution of the Fanniegate scandal: a settlement between Wall Street, represented by the corrupt plaintiffs, and the Govt. The outcome is even better than the initial settlement sought with the flawed lawsuits. This is a breach of the Separation of Powers in the Constitution and corruption.
SCOTUS: ATTEMPT TO TURN THE TIDE OF BATTLE
— Conservatives against Trump (@CarlosVignote) August 25, 2021
The corrupt plaintiffs,led by the Count of Miami,aimed to share the booty w/ the UST,using the Courts,either w/ a victory(10%div to UST/Warrant)or a settlement.Crazy➡️Trump/Pelosi ordered @Scotus to pull a rabbit out of a hat.#Fanniegate pic.twitter.com/guFhUv3s64
Ano's betrayal.
The next time that you conceal that the actions must be "AUTHORIZED BY THIS SECTION", in the 12 USC §4617(b)(2)(J)(ii), you will receive a hat with the form of a donkey head.
— Conservatives against Trump (@CarlosVignote) August 25, 2021
A capital distribution contravenes its power of Rehab.#Fanniegate $FNMA $FNMAS pic.twitter.com/CDfAwCdR52
***THE GREATEST SUMMARY OF THE FANNIEGATE SCANDAL OF ALL TIME***
The tweet cites a thread with 11 tweets.
WHY THE @FHFA WILL BE DISSOLVED🚨SUMMARY OF #FANNIEGATE
— Conservatives against Trump (@CarlosVignote) August 23, 2021
Pelosi's HERA dodged the protections that FnF had against Govt abuses(Conservatorship IN WRITING,etc)
The Mob teamed up with the Judiciary and the politicians that have evolved into #Talibans.@BankingGOP @SenateBanking $FNMA https://t.co/J43fJhaA6z pic.twitter.com/ZCp0VpqxE6
ATTENTION. "Ano" insists that the Incidental Power of the conservator is a self-dealing provision.
Just like the Supreme Court. This is a betrayal to the shareholders, as it aims at paving the way to making the JPS holders whole, both in the JPS par value and regarding back dividends.
This is why he later outlines the court cases that benefit from this misinterpretation of the law, with their Implied-In-Fact Contract claim, also known as breach of Fiduciary Duties.
The conservator's Incidental Power doesn't authorize self-dealing in the FHFA. Self-dealing means to act for the benefit of itself. But the provision states that it's required to be "authorized by this section" and depleting Capital contravenes the conservator's power of Capital restoration (put FnF in a sound condition)
Soundness is a financial concept. Finance is a complicated subject that needs deep knowledge. Finance isn't taught on the streets.
Secondly, the law doesn't authorize the FHFA to place FnF in conservatorship whenever it wants. It's regulated in the law, with a series of requirements.
For the same reason, the law doesn't authorize the FHFA director "who can do whatever she wants".
You are misleading the shareholders.
YOU FOOL NO ONE, MR. PLAINTIFF BRYNDON FISHER.
He is talking about an Implied In Fact Contract claim, the reason why you request in Court the declaration of a retroactive Nationalization with your Derivative Takings claim.
The Implied In Fact Contract claim has already been approved by judge Lamberth, arguing that the JPS holders wouldn't have possible foreseen that the UST could sweep all the net worth of FnF to itself, leaving the JPS holders with nothing. Hence, there is a contract claim.
So, your lawsuit makes the JPS holders whole, both with the par-value amount and back dividends.
***BREAKING*** The shareholders call on the U.S. Congress to summon the FHFA Acting Director. Everything is a sham.
THE🇺🇸CONGRESS OUGHT TO SUMMON THE @FHFA ACTING DTR,RE CAPITAL REQUIREMENT
— Conservatives against Trump (@CarlosVignote) August 20, 2021
1-FnF estimated $320b Total Capital requirement w/ buffers on Mar2021(Capital rule)to cover unexpected losses(10-yr Severely Adverse Scenario)
Dodd-Frank 10-yr stress test(Dec2020):$11b profit...#Fanniegate pic.twitter.com/97gEPnG0ke
@Letgoofmyfannie is a hugely deranged person.Just read his reply.