Fannie Mae-No Politics (FNMA)

[Wise Man]

The fraudsters file frivolous lawsuits, to later claim that the court news drive the stock price.
Berkowitz:

The stake in Fannie/Freddie pfds was reduced by ~40% during H1 2023 following a court loss in January.

No. It's YOU, the one driving down the stock price by downplaying expectations, one of the 8 Securities Law violations: stock price manipulation.
This conspiracy to rip off the shareholders disregarding the laws and basic financial concepts (Separate Account plan), will end badly for them.
Berkowitz's court bench buddy in the bankruptcy of the retailer Sears, Mnuchin, also aims to swap Preferreds for common stocks, either with an overblown 3% CET1 to Total Assets threshold for the release, jointly with Calabria, beyond the 2.5% TIER1 Capital required in the ERCF, which was the mandatory release threshold in the prior FHEFSSA (Undercapitalized) removed by Calabria's HERA, or stating it openly, because he said so according to Calabria's book.
This is why it's a joint conspiracy: a two-pronged attack Plaintiffs-Administration.
The two parties in court also use shills on social media, bothering the Equity holders 24/7. A case that must be addressed as well.
Those peddling the government theft story in formal documents (Pagliara's book, Howard's SCOTUS amicus brief, financial analysts, etc.), face one of the three rounds of $4.8 billion in Punitive damages for both C and JPS holders (0.25% IRR on a JPS par value, 15 years)
The DOJ is liable for another round of $4.8B, that could be increased to a third round if there is accounting change in the Deferred Income as expected (just changing the name upfront g-fee for Delivery fee) and also depending on the ultimate resolution.

The DOJ is compelled to sort out this claim against the plotters, brought by the Equity holders that write on social media.