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They could just ask but that would speed up the "big picture" finale and they don't want the snail's pace to increase!
So there is something to come our way after all!
I hope I'm still alive.
Of course!
You can't possibly believe they do any work. They say the average pay inside the Beltway is something like $87,000, and that's just for the menial jobs. With pay that low, who's going to work?
SoFOR
I will argument (because of chronic boredom) that it will NEVER be over!
"Justice rarely comes swiftly"
Sometimes it never comes at all....especially in view of an administration who thinks it is above the law. I'm not getting my hopes too high after a decade of out of control politicians and stalling tactics but I believe we've got the enemy cornered.
Exactly.....and as will be tomorrow and the next day and the next day........
Sammons Intent
I don't know Sammons intent. Like me, he may have been staring at the wheels of justice for all these years and could not detect any movement. If he could detect miniscule movement, possibly he could
not discern that such movement was in the direction of justice.
The rails still look rusty on both sides of the wheels!
Proof of Performance
It would take about 30 minutes of presentation time before a jury to prove, beyond a shadow of a doubt, that FHFA has not conserved or preserved the assets of Fannie Mae and Freddie Mac in its virtual nationalization of the two corporations. The deposits of profits in the US Treasury is the smoking gun.
I know that the legal profession is a self perpetuating profession and that dragging things out is financially rewarding to that profession but this has gotten to the point of being ridiculous. Shareholders have been robbed of all rights associated with stock ownership for 4+ years and are "damaged" by the government on a daily basis.
Way past time for this legal circus to end!
"The most common-sense solution is to continue reforming Fannie and Freddie"
Why do we keep getting commentary from these ill-informed writers about Fannie and Freddie needing reform? Any reform they needed was done years ago in this fiasco and they don't need any stinking guidance now! I would prohibit all lobbying in the future if I had to come up with one more thing in a life or death situation.
The only thing they need is release by their hostage takers......
this joke of a government!
Wonder why just now.....since it's been 4+ years since the NWS? It was as illegal then as it is now.
Bruce said "Whoever heard of two companies making $15 billion a year under conservatorship ?"
Bruce should have said " Whoever heard of two companies making $15 billion a year under conservatorship; administered by an agency of the federal government (FHFA) whose conservator (Watt) could not successfully run a lemonade stand?"
"until they are stabilized"
There's the problem right there. No one in this government has the intelligence to know when corporate financials are stabilized. We should be suing the government on the grounds of stupidity!
To take your thoughts a step farther.....Fannie and Freddie are OTC stocks (and subjected to the shenanigans associated with those classes of stocks) because of the scams created against Fannie and Freddie by the TBTF banks and other lenders and proliferated by the crooked administration and members of Congress with ulterior motives
(stuffing their pockets).
So far, it has been a crime spree of enormous consequence for the lawful shareholders of the corporations. If justice does not prevail, and it is plainly obvious that it should, then anarchy is soon to follow.
Thank you for noting that Sweeney's actions are just more wasting of time. You are correct.
Fannie Mae and Freddie Mac were NATIONALIZED by the government of the United States and that was ILLEGAL. It was part of a plan by an oligarchic group to shift the profit centers of mortgage back securities away from Fannie Mae and Freddie Mac, under false pretenses, and that was ILLEGAL. The rights of shareholders of the privately held corporations were usurped by these actions and that was ILLEGAL. It was all done in broad daylight so it's about time that justice has awakened and realizes that something must be done about the lawless behavior of our government against its own citizens!
"Can the Shareholders United group request that a hearing be held by honest, law biding members of congress on this theft of public (GSE investors) property?"
There's no such thing as a honest, law-abiding member of Congress is there?
Why is the BODs still active? We are paying them a tremendous salary to sit around and lollygag and they have absolutely NO power to do anything. Remember, the BOD's power was neutralized by HERA.
"Truth will ultimately prevail where there is pains taken to bring it to light"
George Washington
"Nowadays, one is able to bury misdeeds so deep in BS that the uncovering will never reach the end."
The Clinton Foundation
"What?"
Hank Paulson
I LIKE CHAFFETZ and he's in possession of a big set! The FBI has treated him as the Treasury and FHFA have treated Fannie and Freddie shareholders. Screw the FBI and screw the Treasury and FHFA!
Observing the Bradford groupies here, it's not surprising how easily Jim Jones got his flock together for the trip to Guyana!
LOL!
Didn't you mean Constipation Day? The government still seems to be blocking any reasonable bowel movement.
The rumors are all a crock until I see it chiseled in granite. Been here too many years to fall for any of the BS bantered here! I'm knee deep in it already.........
Yep! And such a well concocted plan that it almost worked. The country had become so apathetic, the crew thought it would be just like leading animals to slaughter.
Obama is not so much a hypocrite as he is an idiot! A pawn in the games of the Illuminati because of his slick speaking; speaking that goes right over the heads of about half the U.S. population.
God help us all!
Some of you act like Judge Sweeney is your best buddy, or something of that nature,and tells or suggests what she might do in this case. Fact of the matter is you have no clue what her actions will be or how she will rule.
Rule of thumb has always been to sleep with one eye open until you are sure the enemy is dead!
Is Gaffney the "real" Rip Van Winkle? Seems he has been asleep for the past 8 years! Heck, even the homeless guy who lives under the bridge down by the interstate has known it was a scandal for years now!
With the endless list of illegalities associated with the nationalization of Fannie Mae and Freddie Mac, reading something like the below excerpt makes blood run from my eyes with anger:
APPLE AND THE $14+ BILLION IRISH TAXES OWED
But Apple may get reimbursed for all of that by an unlikely benefactor: the US taxpayer. “It’s extremely possible the US taxpayer will have to pay this bill,” says Stuart Gibson, a former government tax official who’s now editor of Tax Notes International. “For every dollar in tax Apple has to repay in Ireland, they may get to reduce their US tax bill by $1.”
This sham of a government can help Apple Computer on foreign soil but won't lift a finger to help mom and pop investor in this country? Incredible!
In a nut shell:
"I think the evidence points toward the correctness of the hypothesis that blaming the GSEs is a distraction, a way to change the subject away from the real culprits."
Let me try this one more time (the 100th time, I believe). The WARRANTS were COLLATERAL for the money extended to Fannie and Freddie. You take your watch to the pawn shop needing money. The pawn broker takes your watch and gives you money. When you pay back the borrowed money and interest, the watch is returned to you.
The government refuses to return the warrants although the money has been returned with interest. Then they came up with the asinine
BS that no money had been repaid. I think a jury trial is necessary to point out how stupid our government and administration really are. Exposure of that stupidity is limited when cases are only heard between lawyers and a judge or panel of judges. The facts need to be laid out for all to see how these matters developed in a lawless environment.
For those of you who have mentioned that some (or even all) of the court cases would be appealed should the government get an unfavorable ruling, don't I recall there having to be grounds for an appeal for that to succeed? Occasionally, I read about the SCOTUS refusing to hear appeals kicked up to them from lower courts so all appeals are not successfully kicked up. Perhaps, if the attorneys in some of the FNMA cases do a bang-up job, there will be no grounds for an appeal.
Well, in a few minutes, we will be at the end of yet another week of time wasted by our judicial system......and I used that term "our" very loosely! I've lost count of the weeks in this intentionally set web of deceit and corruption by the United States government and its representatives.
Exactly!
Aren't judges lawyers who CAN'T perform in the courtroom in front of a judge? That's what a defense lawyer friend thinks. That might give a clue to the stupid questions and twisting semantics.
And all the while, the government as conservator, allowed the stock to trade on the market but held back all benefits to the equity buyers during that time frame. Fannie Mae has been profitable for 4 1/2 years but shareholders have received no dividends from that profitability plus share price has been artificially suppressed where no chance of appreciation was available. Shareholders have been financially damaged by the illegal activities of a few in this government.
I'm not even sure there remains a "group" to get together anymore. LOL!!
Of course, these four,recently convicted, don't have $56 million for restitution but they do have something, I would guess. Since it is a court mandate now, I would think it to be the job of the DOJ to gather the assets of those convicted and distribute to the owners of the corporation. I feel sure the DOJ knows who we are because they sent me a letter some years back when the RICO case was initiated asking if I needed protection.
One more small payment from this fiasco and I'll probably be close to break even, if time is not considered, and that payment is larger than $0.008/share!
Sentencing is complete:
Nicodermo Scarfo Jr. 30 years + $14 million restitution
Salvatore Pelullo 30 years + $14 million restitution
William Maxwell 20 years + $14 million restitution
John Maxwell 10 years + $14 million restitution
The restitutions will go to shareholders on what can be recovered, seized, and converted. Is it DOJ's responsibility to see that restitution is maximized and distributed? How will we be able to follow the progress?
9/12/2105
flem,
I saw your message of 9/4 and received the information in today's mail about the paltry settlement of the FPFX litigation from the fellow investor I had mentioned. I checked my brokerage account and found the same thing as you did in a very small deposit. What I don't know is what this check represents? Is this the monies that dimwit Obergfell was holding that once amounted to some $40 million? If so, his $60,000/month fee to oversee the accounts along with fees to several of those 200 lawyer firms has cleaned our clocks, for sure. But honestly, I don't know if the check is settlement for the Davis suit, the Obergfell held accounts, or whatever.
Also, I don't think this check has anything to do with what might come of the RICO prosecutions of Scarfo and Puello, if anything, so I suppose we just let our shares float in our accounts until we receive other payments or arrive at old-age death.
jog49
I got a message from a longtime shareholder that they had recently received a check; wanting to know if that will be all received from FirstPlus settlements, etc.
As of 9/1/2015, I have received no check and hold many multiples of shares as the person who contacted me.
Can anyone shed some light on this situation?