Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why don't you just Net Worth Sweep all the electricity to @USTreasury like you and your cronies schemed with Fannie Mae & Freddie Mac equity?
— Guido da Costa Pereira (@GuidoPerei) May 14, 2024
Isn't that what you and your predecessors @FHFA did to your wards? Here at least the owners get to benefit from using their equity instead of some government bureaucrats.
— Guido da Costa Pereira (@GuidoPerei) May 13, 2024
Where in HERA does it say that it is Treasury's job to fix GSEs? That's the job of the conservator, FHFA, not Treasury — correct? If not, please point to the statute. You wrote the law, so you shouldn't have trouble finding it.
— Jeremy Cain (@jeremycain_usc) May 10, 2024
Thanks for sharing.
EVERYONE: Like and repost the entire thread.
The biggest scam in history is @FHFA putting 2 financially healthy corporations in a “temporary” conservatorship in 2008 and then siphoning $301 billion of their equity for projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) May 10, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/Quy94sg2Q7
Our cases have been sustained because of Tooley, and other things. Our focus now is on First Hartford, and the Fifth Amendment to the Constitution. We’re trying to save those companies, and thus save our investments in such.
— Bryndon Fisher (@bryndonfisher) May 9, 2024
Congratulations @vkaramurza . Although behind bars, I hope you can expose the 15+ years of "temporary" conservatorship of 2 of the most profitable corporations while the US Government swindles their equity for projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) May 9, 2024
FREE FANNIE!
FREE FREDDIE!
Why is my representative @RepRoKhanna co-sponsoring an obvious ripoff of taxpayer funds? Why would $14 million housing units cost $150 billion? Is he incompetent or part of the huge proposed fraud? https://t.co/QxbuGlZsJ8
— Guido da Costa Pereira (@GuidoPerei) May 8, 2024
Why is my representative @RepRoKhanna co-sponsoring an obvious ripoff of taxpayer funds? Why would $14 million housing units cost $150 billion? Is he incompetent or part of the huge proposed fraud? https://t.co/QxbuGlZsJ8
— Guido da Costa Pereira (@GuidoPerei) May 8, 2024
Did @RepMaxineWaters or any of her co-sponsors calculate the per unit cost? Probably the proposed palatial units are all going to be built in Manhattan? Or is it $1.5 billion for Affordable Housing and $148.5 billion for herself, friends and family?
— Guido da Costa Pereira (@GuidoPerei) May 8, 2024
Attached is the latest on Reid Fisher suits:
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
Glad you weren't around to advise the Continental Congress. If they paid attention to such defeatist attitudes, we'd still be a part of the British Empire.
I'll take ill equipped soldiers to our cause any day over well educated, knowledgeable defeatists.
True. But knowing all the details and remaining quiet doesn't help. Add your voice with all the correct details. Contact the legislators and the media.
Actually, we need more shareholders to speak up. Staying quite when you're being swindled makes you either a saint or a coward. Those who aren't saints, MAKE SOME NOISE!
Go back to sleep. When you wake up everything should be back to normal. If it isn't, go back to sleep again. Or, you could just look at calendar.
With leaders like Tim Howard, who needs enemies. Instead of rallying his followers, he's given up. PATHETIC!
I'm not suicidal either. If anything happens to me, it will be because I continue to expose our government's swindle of Fannie Mae and Freddie Mac equity while they remain in a fraudulent "temporary" conservatorship since 2008.
— Guido da Costa Pereira (@GuidoPerei) May 2, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/PMNPzEAUP3
Just wish to add to your excellent post. Mnuchin sent SCOTUS a letter stating that he and Calabria had ended the NWS. One of the justices even referenced that letter.
Good governments don’t put their most profitable corporations in fraudulent “temporary” conservatorships and then swindle their equity for pet projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) May 1, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/k0pI6bY97h
Seeking Alpha, Yahoo and others don't tell us how they calculate their ridiculous estimates. Here's an article that says how it should be calculated. I exclude warrants from my calculations because warrants issued by one govt agency to another is a fraud.
https://corporatefinanceinstitute.com/resources/valuation/earnings-per-share-eps-formula/#:~:text=Since%20outstanding%20shares%20can%20change%20over%20time%2C%20analysts,that%20can%20affect%20total%20shares%20outstanding%20when%20exercised.
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
Who's the author?
Wow! That's even better then Fannie! $4.30 for the quarter!
From Fannie Mae 10K:
"The GSE Act authorizes FHFA to establish an annual assessment for regulated entities, including Fannie Mae, which is payable on a semi-annual basis (April and October), for FHFA’s costs and expenses, as well as to maintain FHFA’s working capital. We recognized FHFA assessment fees, which are recorded in “Other administrative expenses” in our consolidated statements of operations and comprehensive income, of $159 million, $132 million and $140 million for the years ended December 31, 2023, 2022 and 2021, respectively."
Appears Calabria might have been trimming the fat at FHFA before he got fired.
My belief (backed by FHFA arguments in court and agreed by some court rulings) was that while they are in conservatorship, shareholder rights were transferred to FHFA. The tolling would begin once they were released and shareholder rights restored. However, during the Collins Hearing, one of the justices mentioned that every citizen has a right to file suit for takings. I wonder if the SCOTUS ruling in July 2022 would be the date when tolling begins.
I do miss the old GSE site where all the court cases were maintained. It was so easy to pull up the cases and cite the courts agreeing with FHFA.
Each state has it's own exceptions to tolling. One in common is minors. For them tolling begins when they reach the age of 18. Attaching an article that looks like it applies to us.
https://www.jdsupra.com/legalnews/equitable-tolling-estopping-the-clock-73341/
Thanks Vancmike for staying on subject.
As I have stated before, when it suits them, the govt claims the SPS was an investment. At other times that it's a loan. FnF sent their equity to the Treasury until stopped by the Fifth Circuit Enbanc. Since then the the Liquidation Preference has grown for each $ of earnings as per letter of agreement signed between Calabria and Mnuchin. When Fannie states "amounts attributable to Senior Preferred Stock" Fannie is signifying that the SPS is considered a loan.
Also, as I have repeatedly stated, if the SPS were a loan, it was paid back a decade ago. If it was an investment, then the corporations have always been capitalized, and there's been no need for the conservatorship.
That's $3.78 per share for the quarter!
I don't expect Seeking Alpha to post my comment. I question the author's knowledge of consensus and EPS.
Thanks. But we're all doing our share. I appreciate you and Baron taking the time to set our detractors right.
It's team work. Thanks for bringing the article to our attention.
@realDonaldTrump
— Guido da Costa Pereira (@GuidoPerei) April 27, 2024
Please make getting rid of @FHFA , the most fraudulent government agency in history, a priority in your second term.https://t.co/BT3OkchsXL
Isn't that what @FHFA was doing? Settling for pennies on the $ as long as donations were made to politically connected nonprofits until stopped by @jeffsessions ?Their conservator swindled hundreds of billions due to Fannie Mae and Freddie Mac through this scheme.
— Guido da Costa Pereira (@GuidoPerei) April 27, 2024
Actually $40 billion a month.
https://www.gata.org/node/6758
Great comment by Glen. He might be finally reading what Rodney has been saying.
So if FHFA is not an independent agency then how does the SPSPA work? The government just signs deals with itself now?
— Fanniegate Hero (@DoNotLose) April 26, 2024
CFPB could just follow what you guys did at FHFA and Net Worth Swindle the equity of the banks they are supposed to regulate.
— Guido da Costa Pereira (@GuidoPerei) April 26, 2024
I see him responding to those I blocked because I consider them government stooges and not shareholders. Don't mind responding to shareholders with views different from mine. But there's no point in engaging those who argue that the government does no wrong.
Can’t believe it’s been almost 12 years since Ed DeMarco announced the Net Worth Sweep amendment at the 2012 MBA Annual Convention...
— Matt Hill (@hill_matt) April 25, 2024
He was pure fire!@FannieMae @FreddieMac @FHFA $FNMAS $FNMA #FannieGate pic.twitter.com/cp8YdUvdZv
Look at the facts, not "experts" opinions. Fannie & Freddie had $95 billion in capital before the fraudulent "temporary" conservatorship. Despite their conservators, including @MarkCalabria , swindling $301 billion of their equity they still have $125 billion.
— Guido da Costa Pereira (@GuidoPerei) April 25, 2024
Experts or facts?