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Jack it was posted yesterday after hours YAHOO PP message board.
1Couple points and very crucial to evaluating FnF financials status at that time …
Underwriting standards
Book of business performance ( percent delinquent vs percent non delinquent )
FnF business performance vs private label performance
Adequate reserves for crisis on FnF business.
All of these were structured to handle the risk FnF assumed.
All the private label was subprime and those companies were not properly structured to handle the risk they assumed.
FnF business was FnF business they were liable .
Private label companies business was Private label business they were liable . Directly
Government set the policy for Private Label
If government wanted government bailout of private label, government should of bailed out private label directly.OR contract FnF to administrate the cleanup . Since F.nF were not liable for this Private label shit
How are FnF liable ?? Not in the Charters/
How about injunction to stop government exercising until court cases settled . Just to start.
In Paulsons book Paulson bragged how he nationalized the GSEs. Why hadn’t the courts issued an injunction to
Prevent exercising the warrants till this is decided. After all nationalized without compensation is illegal.
It was a Democrat House and Senate that passed that bill.
In Judge Lamberth’s court , Judge Lamberth stated Takens is not ripe until warrants exercised show harm to plaintiffs. Until that event happens plaintiff spinning wheels. Many legal ways Warrants can be removed before exercised.
only 14 business days to do it.
PLUG ?
I have been invested since 7/2008 . Historical Prices can be found on YAHOO finance
‘ FNMA “ sight.
Semper Fi ?
When did you serve ?
Nice tight argument.
The Muchie was recommended by Carl Icahn. I believe Icahn held Common shares sold to him by Berkowitz. Icahn is a financial terrorist.&
Retail has not been able to , I am certyan they ,short since OTC. If your posting knowledge for big boys I am certain they know how it all unravels.
Jack they said no biggie, not take months but a couple weeks. You know they were aware and working on since before January 2021. Recall UK saying normal restatement takes 6 months to a year, but reassured this being so simple, it should not require that much time. Will if they knew and working prior to January , it has been at least five months. Another deception instead of putting it on the table for all to see.
100% trial
Couple more......
Each FHFA
Each Treasure
All TBTF banks
Special interest groups that received money
Keep in mind that money goes to FnF not shareholders.
-if it is criminal ‘RICO think criminal thenCivil lawsuits.
We can get out law and order back from these criminals.
You can sue FnF and board of directors since ‘they were accomplists. You can sue the auditors. ‘Might be able to sue the indibual courts. Might be able to sue Obama and congress/.
TD provides monthly Srarement. It illustrates number of a shares holding at end of each month.. just need the /year/ dividend declared and payable in.the quarter. No big deal/
Add Microsoft , delta , sirra, Twitter, Facebook , Google , etc.. I hear Tim coming back to right the ship.....
Birds of the same feather fly together.....
Pays keeps saying $350 million , it was $350 BILLION
Not accountant.... but are not reserves equity ?
Class action participating are entitled and class non-participate are entitled.
And ..... the gag order to bar discussion .
Institutions are allowed to trade options... has that changed?
If people have a right to housing.... meaning gov giving free housing, then gov owes me my mortgage w interest payments. Otherwise, we need to put bounties on these mfkrs.
FnF traded options before C Ship and during CShip until moved to otc. Companies otc do trade options. FHFA terminated the options upon moving FnF to otc.
The companies were put under a gag order from beginning.
Lots of evidence but court would not allow. Same shit from courts with FnF.
Total fact..
FnF both had Pristine delinquent ratio. They had tax deferral credits waiting to be used in case of emergency the gov denied use. And, enough cash to meet expenses through 18 months without another penny of revenue. Hardly insolvent,
Within 30 days being force to bailout TBTF Private label Mortgage Back Securities which was the bases of collapse
Known as the “Last Financial Collapse”.
Smoke you’re weed , finger you’re iPhone as you drive down the interstate......one way to discourage good drivers.
The company assets given away for 1 cent was a loss.
Being forced a loan to:
Give banks full value of their garbage loans and having to sell them at a loss discount is a loss to shareholders since they own the the company.
Then expected to pay gov 100% of loan plus mob interest rate , that is a loss.
While FnF profits increased... not 1 penny was distributed to company shareholders but all profits taken by gov..
That is a loss.
This practice going on 13 years ... that is time value loss that can not be recovered anyway than monetary penalty.
Exactly ! New gov and new laws to allow us to force accountability and punishment equally.
Like your dog !
Regard your statement “ Being held hostage by both sides for 13 years is undeniable now. SCOTUS needs to end this. The government has proven now, through 3 full administrations that they either do not want to end it or are too inept/stupid to end it.”
I would say both apply.
When she finds the J is bad mouthing her.....she smack the shuk out of him.
Offering closed tomorrow
Gov just printed 23 trillion dollars since 2000. In addition they stole money from FnF and others yay amounted to trillion plus dollars. The government can/should use the Money making machines to provide total payback and damages..
We been waiting 12 years. Trump does a lot of talking.
Chess “we “ did not give the government anything...... FHFA and government took the warrants given too them by the self dealing.