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"My Senator, Senator Warner never got back to me on amending HERA, do you think he will?"
You have my sympathy Robert . . . . being stuck with that carpetbagging POS!
Anjan Thakor
Washington University
Olin Business School, Interim Dean
St. Louis
Prior to joining the Olin Business School, Thakor was The Edward J. Frey Professor of Banking and Finance at the Ross School of Business, University of Michigan, where he also served as chairman of the Finance area. He has served on the faculties of Indiana University, Northwestern University, and UCLA. He has worked with many companies, including Whirlpool Corporation, Allison Engine Co., Citigroup, RR Donnelley, Dana Corporation, Anheuser-Busch, Zenith Corporation, Lincoln National Corporation, J.P. Morgan, Landscape Structures, Inc., CIGNA, Borg-Warner Automotive, Waxman Industries, Reuters, The Limited, Ryder Integrated Logistics, AT&T, CH2M Hill, Takata Corporation, Tyson Foods, Spartech, and Bunge. He also served as an expert witness in many federal cases involving banking litigation.
"Judge Lamberth's been on the bench for a very long time. Despite his rulings against shareholders, he's one of the few that has ruled against the government."
The amount of comfort that provides is almost nil! On the same level as a glimmer of hope.
"Like where is the SEC on this?"
Does it still exist? If so, there must be a contest between the SEC and FHFA on who can do the least amount of work (at the office or from the home) since both appear to do nothing. In my career, I would have loved to get an inflated paycheck and do no work of which to speak.
"So weird we haven’t won any! Not one has been a shareholder win in 14 years no one has found this to be a takings! When the gov has reaped the profitable benefit 10 fold…..it’s just wild to me"
But now you know how destructive corruption can be; especially to the small, innocent investors of our society. Power brokers decided to play games with F&F to cause them harm and, eventually, getting them in a position where dissolution would be their only life preserver; leaving only pieces that could be scooped up by said power brokers. Shareholders were pawns in the game and had things gone perfectly, would have been the victims. Shareholders are not dead but it's exceedingly difficult to run down a tilted field. The courts have been charged with keeping the field flat but some of the decisions handed down, to date, would make one think that the arbiters have assisted in tilting the field.
"Lamberth's been on the Bench for decades, he's seen all the tricks the federal bar may try to pull on him."
Yes, but will he become a doormat and let the government walk all over him?
The government is waiting for Collins and the other plaintiffs to run out of money and becoming unable to continue the case financially.
"It must be unanimous, if there's a Split amongst the 8 Jurors (even 1) then the Judge will tell them to keep deliberating until they reach a unanimous Verdict, like he did last time (aka a Dynamite Charge to the Jury from the Judge)."
This was written into law and stacks the government , however corrupt, against the citizens of the country; requiring a unanimous decision in in a civil case.
A citizen is at a disadvantage from the git-go.
"Today the pews/benches in the Courtroom are pretty full."
I wish all of you in the audience were packing "heat" and the government goons knew about it!
So what do you get with a bench case? You might get a half-ass judge like Royce Lamberth every time you try!
More importantly, why a unanimous decision in a civil suit? Do federal courts think their jurors are more intelligent than lower courts?
"The Jurors will see a couple of visual charts showing JUST HOW MASSIVE THE THEFT IS."
Yes, but I bet you the words THEFT or STOLEN will not be uttered in that courtroom. I'm gritty, I suppose, but tell the jury what the government REALLY did to the innocent equity holders.
" long and complicated case"
Lomg? Oh yeah! Complicated? Not even a little bit!
As I recall, that subject came up at the time and the government literally forced itself on F&F like a coup in a third world country.
"Just like hundreds of BILLIONS of the GSES Earnings were misplaced by the FHFA and UST by the August 17, 2012, Net Worth Swipe!"
You would think with all these top shelf lawyers involved in the various suits, one of them might position his case so that he could do like Clara Peller and ask the government "Where's the beef" since it was doing all that conserving and preserving.
"whoever is left - it has to be unanimous."
And why shouldn't it be? What happened was so obvious and blatant, I would think a half-ass lawyer could win the case!
"Settlement is just residual P thinking. Recap(with stolen money) and Release is what we want, back into open markets that will take care of everything as it did for decades."
And remember, if that day ever comes, we immediately fired the entire BODs just as OUR elected BODs were forced to leave the board room. We also immediately fire all the management personnel who are government stooges so as to purge the corporations of filth. We then nominate and hire OUR duly elected BODs and management to OUR liking.
"Sounds very tasty. Lamberth might be good for something after all."
Probably, at best, a laugh!
"So it's 119,000 now :). Why don't you buy the entire float at this pace :) "
Do you think this person believes he is a "high roller"? I know I do! LOL!
"Mnuchin said during an interview in late 2016 that getting the GSEs out of conservatorship was a top 10 priority for the new admin"
Problem was . . . people believed that Goldman-Sachs POS!
Restricted? Probably more on the order of forbidden. The boards, after all, are composed completely with the government's minions.
"Sandra does not care. She is getting paid thats all that matters."
That's what it is, and that's all it is!
"as the prices of both commons and jps shares are so low, why don't FNMA/FMCC buy back shares?"
Put on your thinking cap for a second and ponder your question.
I suspect you know the answer.
Nowhere on Earth does night last 15 years!
You have hit the nail on the head with one word . . . ACTION.
There has been none in the past there presently is none, and the future looks as if there will be none in our remaining lifetimes!
"Warrants statue of limitations clock doesn’t start until the warrants are exchanged into shares. They are not ripe yet for the courts."
Very convenient for the government but devastating for the shareholders.
Was it by design? You bet your ass!
Who thinks games are not played here? Down $0.001435 today.
How does one cut up a penny into that many pieces?
You start life in diapers and you end life in diapers.
I'd love to know that was going to happen. I have almost a full box for the occasion.
"Clearly Conservatorship is ending and can happen at any time"
CLEARLY? LOL! I laughed so hard I soiled my Depends!
Perfect example of "don't bite the hand that feeds you".
Not real sure they know about the law, in general, so the answer is probably NO!
I never got an answer or opinion so let me post this again:
FIDUCIARY
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
A fiduciary may be responsible for the general well-being of another (e.g., a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people
Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility."
SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS? PLAINTIFF GOES TO COURT WITH FANNIR & FREDDIE'S FINANCIAL REPORTS SINCE 2013 SHOWING THEY HAVE MADE "X" BILLIONS OF DOLLARS IN NET PROFITS, WITH NONE OF THOSE FUNDS HAVING BEEN DISTRIBUTED TO THE EQUITY HOLDERS THROUGHOUT THAT PERIOD OF TIME. THEY POINT OUT TO THE COURT THE DUTIES OF A CONSERVATOR TO CONSERVE ANDF PRESDERVE, POINT OUT THAT A CONSERVATOR HAS FIDUCIARY RESPONSIBILITIES, AND ASK THE COURT TO COMPEL THE DEFENDANT(S) TO IDENTIFY THE LOCATION OF THE NET PROFITS THAT WERE PROTECTED SO THEY CAN BE RETURNED TO FANNIE MAE AND FREDDIE MAC.
WE ALL KNOW IT CAN'T BE DONE UNDER THE AUSPICES OF FIDUCUARY SO THE DEFENDANT(S) CAN NOT WIN THE SUIT. THE PROPERTY IS RETURNED TO ITS RIGHTFUL PLACE AND THE COURT CAN BE PETITIONED FOR DAMAGES BECAUSE OF THE WRECKLESS BEHAVIOR OF THE DEFENDANT(S).
The number is a bit farther than you can kick a field goal. Keep in mind, if you practice and get better, those goal posts are moveable.
"not all calabrias fault, Mnuchin chickened out and wanted money for his hedge fund from dubai"
Mnuchin's allegiance was called into question. You see the result. Calabria was just some small fish that Pence knew that was out of the water.
"Yes, it is amazing. They had no way of paying for it as Barron already said.
So, they came up with this non-cash transaction.
It is a big swindle."
Sure it was a swindle. What's amazing is there's no one in the entire legal world that knows how to achieve justice for those that were swindled . . . the shareholders.
"One day we will wake up to halted trading and news about the GSE's fate will be all over CNBC.
Will it go by way of First Republic?
Will it be something incredible for shareholders?
We will see one day."
This point would have been great along about 2010 or so. Today? Forget about it!!!!
Dimon was CEO of JP Morgan Chase before 2008 rolled around. Don't you think his bank had F&F bent over a table with their drawers around their ankles just like all the other TBTFs? Of course it did and Ackman wants him to be President.
Bull shit!
If there would be buffoons on the stage, he would be right at home.
"Crappy day."
I can no longer remember the last "peaches and cream" day!