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This stock was 'walked down' in PPS Friday afternoon. I am fully loaded. This is going to move up north of $30+ next two months. It has catalyst "READOUTs' coming up next two months and then into 4rth Q. Do not sell out for peanuts profits if you want to make massive gains, just HODL it till EOY 2024.Also, very possible it could be taken out anytime...GLTA!
So, What are you saying? The Congress will "Gang Up High or Nigh" against any attempts to set FnF Free from the US Gub'mInt/UST's Clutches? There is no hope/ Investment Thesis for investing in FnF Commons/Preferreds? TIA & GLTU!
No. That would be stating it incorrectly. The Dismissal was only limited to CitiBank. So, the Filing about the Dismissal by FDIC is actually Positive news, as it would mean that the 'other' major Defendants in the LIBOR case are not being Dismissed. This was clearly stated in the Filing to the Court by FDIC.
The PPS 'Takedown' by the MMs is Pure PPS maniplation.by FHFA & the MMs to steal shares. Can't believe how easily they can manipulate the PPS - we are dealing with a CORRUPT UST, FHFA & MMs & SEC....
Thank God, I Blew off 25000 FMCC Yesterday and bought CADL yesterday as I thought I will parlay back those profits and buy back my FMCC shares with that.. And had no clue we'll drop like this today. Also, just today, when it FnF started falling, I sold off some 10000 FMCC like 1.29 and pretty much 'switched them buying FNMA almost at same price...Not sure why we dropped so much, it could be PPS Manipulation on the LIBOR DISMISSAL 'news' or it could nbe the 'news' about the Earthquake in NJ. Maybe folks are scared about damages to new homes that are on FnF books!
Yeah, This is pure MM & Hedgie Manipulation. I bet some big Hedge Fund guy is Loading Up on this Manipulated Drop. We may be up like 40C easy when the LIBOR Settlement News comes out....
Looks like the Shorts took this as Reason to Bring down MCC & FNMA just now...Or Hopefully it is the Hedgies LOADING UP through PPS Manipulation because next week we'll see the actual "Settlement" between FDIC and the Parties against which it DID NOT DISMISS the Lawsuit charges...Hoping We'll go up Substantially when we see the LIBOR Settlement soon....
Then Even Better...
Looks like you are OFF Your Meds Today, Better Pop them before you burst some arteries in your Brain!
Is that the "Total Estimated Distribution' or is just the 'estimate' for this28th Distribution?
I hope it is the 'Total Estimated' for the Future recoveries, which hopefully would mean this 28th Distribution could be the FINAL Distribution. TIA, GLTU & GLTA!
Thanks Jersey for the Nice Remembrance Post...
May Jimmy's Soul be happy in Peace in Heaven...
Great News, Thanks for sharing...At Least I like the Fact that the Judge has denied any extensions and ordered that tomorrow is the last Date by which Discovery has to be completed...Hopefully, WaMu escrow-holders get some of the "F&R' promised, from whatever FDIC recovers in this LIBOR litigation...
Thanks Hon'ble Judge Naomi Buchwald...
Today Judge Naomi Buchwald rejected a Request for further Delay by Defendants in the LIBOR Case and ruled that "Discovery' by Plaintiffs FDIC as Receiver for "Federal Home Loan Mortgage Corp" (FMCC) has to be completed by tomorrow, while recognizing that she has given them time for 'continuing cooperation efforts' (meaning "Settlement Negotiations").
Looks like a substantial 'Settlement; is close in LIBOR Case and FNMA , FMCC will recover substantial monies!!! GLTA!
From another Board:
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"FDIC filed a motion/request to ask the court to take limited # of depositions by Thursday April 4th. It seems that close of discovery is on 4/04 and not 4/14. With that we line up perfectly for some real actions starting next week.
4000 04/02/2024 LETTER MOTION for Conference to request approval from the Court to take a limited number of depositions following the close of fact discovery on April 4, 2024 addressed to Judge Naomi Reice Buchwald from James R. Martin and William Christopher Carmody dated 4/2/2024. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation."
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The FDIC Filing was in response to Judge Naomi's Order that tomorrow is the last date for Discovery and she is not granting any further 'extensions'..
The Court’s Response to the FDIC:
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"4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)"
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And it took so long for the GubMint (FDICK) K*sockers & WMI-LT scundrels to put up this Message?
Yes, That's what my "New' Investment Thesis for my FnF Investment is too now. My original Thesis was that the Courts will Finally Put an End to this Corrupt Brazen Heist of Shareholder monies but now it is very apparent that All the Judges are KorkSockers of Gub'Mint Uncle Sammy and they'll do whatever "Stripper Acts' that He Demands of them!
What you say is true...But the Tragedy is all the Judges in the Country are 'Paid and Bought For' by the Banana Rupublic USA Gub'Mint!
That Gub'Ment Korksocker is no friend of FnF Common shareholders...that Bustard!...
This is all related to 'DTCC Common Stock' ownership...How is this even remotely related to WaMu P/K/Common stock?
As usual, RD's meandering eyes get 'entranced' by some 'Shiny Object' and he says OK, "Jump' and the others scream in unison 'How High', without even bothering to look at what he posted....
Yeah, Good Catch and more accurate Valuation....No wonder I was thinking something is amiss in his valuation. TIA & GLTU!
Great Post ! The Numbers don't lie, Bashers do!
Awesome Post! Thanks for your Effort & Sharing with us! I Hope whatever you have postulated is True/will come True and this is how The WaMu/WMI BK was CLOSED and all the Necessary Closing Activities were transacted By Law without any Corruption and STEALING of Escrow-Holders' assets by the Hedge Funds-Gang of Four &JPM Goon Lawyers for JPM.
This Gives me slight confidence that we may see some "F&R Promised"...Hope Springs Eternal. TIA & GLTU & GLTA!!!
The problem right now as I see it is A 'Trump Victory' is NOT a Sure Thing... There are too many Scundrel 'NEVER Trump' Stupid Repubs who are Neo-Cons/Bush Family Holdovers/Mitt Romney supporters in the Republican Voter Base...The Dumbo-crats 'stick together' and Vote En Masse to JB, come Hell or High Water and will commit all sorts of Election Irregularities to win by Hook-or-Crook...Right now, there is already a CIA Report that China Wuhan Labs has created another Corona Virus that is 20 times as Deadly and China is about to 'Set Upon the World' "COVID Pandemic Part Duex' and WH & JB team are waiting to Re-Enact 2020 En Masse "Mailing Voting" Fraudulent Voting Form Printing Presses! I am NOT kidding about China Wuhan Lab New COVID virus... The Indian Govt is on 'High-Alert' too, as the main Target is India of China's Bio-Warfare...
When will this happen? Will Commons be 'crammed down' and GubMent Goons will take everything/Hedge Funds get all NEW Commons OR or can they be investable? What about JPS? Will they be paid at least 20% of their FV and any 'Back Dividends'? TIA & GLTU!
Scundrel Hedge Fund Bustards , they are 'In it Together with the GubMent Crooks'....Almost all Hedge Funds Goons fund/support Dumb'crat Liberal Goons in GubMent! They are NOT the friends of Mom & Pop Common investors like us
Yeah. Mark Warner is Really Corrupt, masquerading as 'an honorable senator' to the Ignorant General Public. I read about Mark Warner first in the 1990s when I was living/working in a major Telcom firm in Herndon, VA. He made REALLY BIG by PURE Insider Trading...He had 'insiders' in DC Swamp who let him bid on what were deliberately marked as 'Worthless Wireless Frequency Spectrum Bands' and he 'setup' his firm and bought out those Bands for something like $625000, in almost 'secret deals' with FCC and two years later, with the Go-Go Era of Telecom deals, he sold those Spectrum bands to the likes of Nextel. AT&T, Sprint etc for almost $500M and he then became a Billionaire, all within a short span of 4 years! Maybe, he paid some 'kickbacks' to FCC officials to be able to submit BIds & purchase those Wireless Spectrum Bands for peanuts!
So, we are not going to get anything for the US CTs from the 'Judgement Award' in the UK Court by April 9th, 2024, per the schedule agreed upon in front of the Court by LBHI, LBI, PWC and other 'parties to the Settlement' ??
I regretfully have to agree with your Assessment....And Trump winning is not a Sure thing either....the problem is, unlike Democrat voters, Repb voters do not 'stick together' and are a 'Fickle-minded bunch'...Maybe this has to do with their Education-level and Naivete/ignorance (as most are Rural Voters) about how Presidential politics work... And then there are are a Bunch of stupid "Never-Trumper"/ Bozo Neo-Cons who have a maniacal allegiance to the Bush Family / Mitt Romney....
The 4/14/2024 Date is not that far off...Let's see if all these 'expectations' pan out or we find out that we have been Duped again by the FDIC from paying us the "F&R Promised" and this 'LIBOR Litigation' delaying our "F&R Payment" is just a 'Chimera'...
Ok. Thanks for explaining the Legal Nuances of the precedent Cases. Hope the Takings case will win for the betterment of all of us. TIA & GLTU!
I have to regretfully agree with Fanatical Infidel...Whether the Letter is 'fabricated or NOT' is NOT the Question....It is rather the Assertion by Trump that he 'would have' removed the FHFA director...Either Trump is admitting he is a 'Careless, loudmouth Bad boy' who didn't care what was happening or that he was a Clueless Chump who didn't know what he had to do...Sorry, but Trump-Chump & TEAM had 4-LOOOOONG Years to SET THings Right and get Fannie & Freddie "Released' from the C-Ship', if he really cared about 'Shareholders Rights' and Rights of Americans to 'Own Property' without getting it SEIZED by Gub'Ment'...Every Tom, Dick & Harry Presidential Candidate 'writes' some stupid letters to any 'prospective guys' who they think may contribute towards their campaign...
Hmm, WHAT? I didn't think FMCC, FNMA 'Trade Afterhours'...
Hmmm. Yeah, That Could be the reason. Was there a reason this was "appealed' in the 8th Circuit? Or Did the Biden Gub'Ment go 'Court Shopping' and picked the Most Liberal Circuit court for the Appeal? How can anyone expect anything better from the Liberal Somebitches in MN. I lived in that state for three years and they are the Most "RACIST & Liberal" bustars in the world... Yes they claim they are 'Liberal' yet they are the most Racist...because they have this ''Condescending Complex" towards everyone - "We Know what is Good for You"...Was like Freedom when I moved out from there to TX.
Yeah...I would be very Happy the Day All Lawyers are Shot and all & every dispute is 'settled' with prior 'Contract Arbitration Rules' put in Place that are signed at the time of any Legal Transaction! Life will be so easy and people will stop suffering with so much Corruption in everyday life.
What a SomeBitch...Bustard.. Caused me to lose $35000+ value of my FnF holdings...Some scombag scundrel Bustard this Hume is! May he ROT in Hell!
How can the Commons of FnF come down so much in one day unless they are dumping a TON of Naked Shorts???
I am very sure that a "Scheme' has been hatched by Biden, FHFA and the SC0ndrel from OMaha so that OMaha Oracle "Buys up 90% ' of FnF Twins "Dirt Cheap', with help of the UST & Wall St MM Goons...Biden, UST , FHFA & Wall St Big Honchos have bunch of BRKA Stock-holdings in their Brokerage Accounts and they will "privatize all the Profits of FnF this way...H
Then Biden will come out and 'announce' that he is doing RRR of the FnF Twins....BUT I am afraid we existing Common-holders of FnF may get Diluted in the 'Secondary Offering' while they will have 'Anti-Dilution Covenants' in Place for Omaha Oracle's Investment in FnF.....That's what is happening I suspect with the way some Big Whales are Accumulating FnF this week, by stealing from Weak Hands Retails.
So, What was the "News" Today? Anybody who has ears close to the FHFA/DC Swamp Grapevine? TIA & GTU!
Now Schumer- China -Ckusking-Smoochin Somebitch is going to Block Banning TikTok! Can't make this up...Such a 'Chucky-TrickY-Traitor!
And US Sumbitch Politicians Most Traitors too...Look how TikTok/Chinese GubMent is buying up all Ads and the Senators to Vote against Banning TikTok...Most traitorous bunch! With Guys like these who needs Enemies...
What will happen next week ? Both party sumbitch bustartds just want to Bilk Shareholder money & line their own pockets, US politicians most Corrupt Sombitches of the world ,much more Corrupt than Banana republic, SA & African & Russian Oligarchs combined!
Pfu@K DJT, and that SomeBitch Wall St 'Smootchin Bustard... Didn't Release the FnF twins from C-Ship so that He & Wall St Buddy criminals can make "Hand-over-Fist" monies...Fockers!
US Treasury Goons... That's who is sending orders to the MMs to Pull down the BID x ASK....the Bustards, always stealing from Common Man.
MMs prying FNMA & FMCC stock from Weak Hands, like Stealing Candy from a Baby...Weak Hands never learn, will close at HOD by EOD!