Wednesday, January 10, 2024 1:51:05 AM
At a time when there is a settlement proposal of these wrongdoings on social media with all the Equity holders, worth $4.8B., that also serves as compensation for Punitive Damages, and against the DOJ as vicariously responsible of the FHFA's actions.
Replica of the settlement reached by PwC, as auditor of Freddie Mac, in 2016 with some investors, we were told. Which sounds like a big lie and it was simply a trial balloon to teach us that, with a confidential settlement, not even the judge can see the terms of the settlement.
What a coincidence that a former PwC executive (the same individual at Mr. Crow's luxury retreat?) just landed as member of the BOD of Fannie Mae.
This is why the controversial Sheila Bair (she formed part of the conclave that made the decision of Conservatorship, according to a WSJ article on d-day: "top banking official", to later show up as chairman of the Board of Directors of Fannie Mae, pretending that FnF are managed by the FDIC, just like the failed 1989 RTC (Public-Private Partnerships with Wall Street), where the FHLBanks' Funding Corp invested in, that saddled the taxpayer with losses ($30B through the purchase of the Refcorp bond issued by Funding Corp, where the rogue FHLBs have only paid interests when their SEPARATE ACCOUNT provision was for "the repayment of principal"; and $18.8B invested directly in RTC)), one year ago surprised us with her dramatic appeal to release FnF from Conservatorship, despite their shocking $402 billion capital shortfall over minimum Leverage capital requirements.
They seek the release just to settle their 8 Securities Law violations (gifted SPS absent from the balance sheets, SPS increased instead of issued, etc.) confidentially with FnF.
By the way, you are also omitting that the U.S. Treasury is a party in the Lamberth court too, represented by the DOJ, according to Pacer. This compels the DOJ to find out everything happening in the Lamberth court.
Another honest mistake, Glen Bradford - LuLeVan -JOoa0ky?
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