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Saturday, 07/06/2024 3:04:26 AM

Saturday, July 06, 2024 3:04:26 AM

Post# of 801090
The litigants and the celebrities peddling the government theft story are in deep trouble.
They just have to play the fool and make false statements, like explaining what the SCOTUS said after an option: Bill Ackman implying in his GSE slides that the SCOTUS said FHFA has absolute discretion in its actions.
Source.
This is later repeated by his army of clerks "to help advance a business".
Bradford:


What's next? That the SCOTUS said POTUS has absolute immunity? ROFL.

The con operation is clear, and the assault on the Wazee II case by the attorney for Fairholme, David Thompson, to impose the flawed narrative of his other cases, made my point that has been laid out a 1,000 times during conservatorship.

Let alone that his colleague in the frivolous case before judge Lamberth ("implied contract" fiction), other original attorney with Wazee, Hamish Hume, voluntarily dismissed the case two days before the scheduled appeal with Wazee I in the Appellate court for the Federal Circuit, that had challenged the NWS 2.0 with judge Sweeney.

The attorney David Thompson doesn't even know to count the 210 days of the Time Limitation for Acting Directors under the FVRA, because it would coincide with the effective date of the Final Rule "for the transparency of the conservatorships", July 20, 2011, that enables further capital distributions (both the NWS dividend and today's, a NWS 2.0 brought to you by the Trump Administration), if they are applied towards the exceptions: Recapitalization (Today's, the CET1 swept to UST every quarter as seen in the image, is kept in escrow).


When recapitalization means to build regulatory capital, not that, at the same time, it's increased the number of stocks or LP for free to the UST, because they carry an offset. The scammers end up saying "FnF build capital or Net Worth, through Retained Earnings".
Not only the Retained Earnings built is wiped out, but also a Preferred Stock (permanent securities but redeemable at the option of the issuer) is an obligation in respect of capital stock (Source: SPSPA), that is, a compromise of repayment (Original UST backup of FnF: Subsection (c) any obligations of (b) redeemable obligations, such as SPS, spotted by the SCOTUS-appointed amicus representing the FHFA in the Collins case, the law professor Nielson)


The theme of concealing the 210-day count, attempting to invalidate the 3rd PA amendment, was raised by David Thompson in the Rop case, one other 5 cases he seized control of, even he was granted a Mediation in this case, cancelled at the 11th hour, obsessed with a negotiation with the government for a swap of Berkowitz's JPS for Cs:

"The government has to come to me"

, he said in the famous Conference Call hosted by Pagliara, in the audio posted before, where he shamelessly declared himself unsophisticated lawyer in a litigation that requires high qualification:

"About capitalization.... I am not a regulatory lawyer. I'm a litigator. That's being watched by a number of sophisticated lawyers."


By the way, this was an answer to a question by the same Twitter guy that posted a comment about Mel Watt two days ago, and the question was "Can a judge force exercising the Warrant for their recapitalization?" Let me guess, another Pagliara's boy, laying out a dumb question, so David Thompson tells us his prepared remark, about being unqualified for his job thinking that it would shield him from crippling liabilities.

This Rop case was even brought to the Supreme Court, because he just seeks court news for stock price manipulation (up to 99.9% dilution on common stocks as a result of his claims/remedies) betting that some random member of the judiciary will end up agreeing with him, if he places numerous bets in the U.S. courts (Abuse of court process).
His petition was DENIED, or I should say: TRY AGAIN LATER WITH ANOTHER FRIVOLOUS LAWSUIT.
https://www.supremecourt.gov/docket/docketfiles/html/public/22-730.html

This is one of their clerks, "Ano", an attorney that betrayed them, because he did count the 210 days in the Time Limitation for Acting Directors under the FVRA, unlike David Thompson and the judge.
After this, the almighty David Thompson took care of him too. They don't want smart people around them.


What the attorney Ano missed, is that it coincides with the effective date of the Final Rule where DeMarco enacted the CFR 1237.12 that legalizes all the subsequent actions (NWS dividend and NWS 2.0, provided that it's applied towards the exceptions -repay the SPS and Recap-, thanks to the Incidental Power, and in compliance with the FHFA-C's Rehab power), which demonstrates his intention to make sure this Rule is enforceable.
It also enables that officials and plotters can continue with the "government theft story" spree.
https://www.federalregister.gov/documents/2011/06/20/2011-15098/conservatorship-and-receivership