Replies to post #760851 on Fannie Mae-No Politics (FNMA)

[BREAKER098]

blah blah blah, everything is imminent, your investment is rock solid - just waiting on pay day - everyone else loses - you're some kind of special. I'm right - everyone else is wrong. DELUSIONAL. Go figure...

[HappyAlways]

No worry, the statute of limitation hasn't expired. Many cases are kind of like ongoing in the last few years.

If you file a court case, your name will be written into history. It can be a big honor, given this is the last piece of unfinished work for the 2008 Housing Crisis. The simple case can easily be won this time. The NWS term is too aggressive and so completely ILLEGAL. "I am afraid you cannot afford the interest payment. So starting now on, you pay me everything you got including any income or earning perpetually as dividend". Anyone has some sense know that this is illegal. You may cite the example of payments in 2012. In the same year that NWS was announced, FnF paid $121B to UST for a loan of $191B. This is written in their annual reports. This cannot be a coincidence, given the heads-up by Ms. McFarland to FHFA management that "Fannie will be in golden era of profitability". No court dares ruling that NWS loan term is valid. As SCOTUS hinted, why not suit from UNCONSTITUTIONAL prospective.

I agree that JPS cannot be diluted. But still, we don't know how many more years we need to wait. The above suggested court case will kill the NWS quickly. We don't even need to argue about death spiral. We can focus on one thing and one thing only: the NWS loan term.

A few thousand dollar to kickoff the lawsuit is needed. Then, you can go crowd funding. I will be the first one to respond.

[Wise Man]

The JPS are wiped out in a restructuring. Their Net Worth is $103 billion and the SPS are worth $296 billion, after adding to the Balance Sheet the $103 billion SPS increased for free since December 2017 that are missing nowadays.
You claim: "the jps i own are senior equity because they have anti-dilution protection", as crazy as it gets, because "anti-dilution" isn't written in their contract (prospectus). Primarily, you don't realize that there is equity with more seniority, the SPS, that dilutes the JPS so much, that they wipe them out.
And secondly, the JPS have a fair value that represents the dilution that you claim they don't have. For instance, without considering that they are wiped out with their current Net Worth, their fair value today would be 36% of their par value, taking into consideration the remaining 17 years to resume the dividend payments, when the JPS's fair value fetches its par value again, based on their current $400 billion capital shortfall over Minimum Leverage Capital requirement and their $-216 billion adjusted balance in their Retained Earnings accounts.
For instance, this is the chart of the JPS's fair value under a normal conservatorship (dividend suspended to everybody) or, what is the same, under the Separate Account Management, assuming that the dividend is resumed once Fannie Mae surpassed the threshold of 25% of the Prescribed Capital Buffers (Table 8: Payouts) with the Q3 2022 earnings report.
A security trading at a discount, I've considered that the market demanded a 6% discount rate.
"Anti-dilution", Bradford said. ROFL.

Other theme is that FnF record this debenture on the balance sheets at their par value, to reflect the obligation with their holders, but I'm talking about the stock valuation or fair value that they should be trading at on the market.
A JPS isn't an unbacked token, when it just trades at a price for no reason "Type of asset class: speculative": the Federal Reserve referring to bitcoin). A JPS is a fixed-income security and it has fundamentals or stock valuation. Bitcoin is just a scam.

I told you a thousand times that you can't say that FnF retain earnings, without pointing out that later it's wiped out with the offset (reduction of Retained Earnings) for the SPS increased for free in the same amount as the Net Worth increase. SPS absent from the Balance Sheet to avoid this effect, so that the plotters like Bill Ackman claim: "FnF continue to build capital".
A half truth is a lie.

The whole thing of "restructuring" is preposterous, because the restructuring has already happened with the Conservatorship, it's what is meant to do.
The idea that a Conservatorship will end up 15 years later with a restructuring, is crazy, and what lies behind is more stock price manipulation.

The corrupt litigants (government snitches) are allowing the UST to commit numerous illegal actions, that have left FnF heavily damaged, thinking that they will be rewarded for their actions with the same haircut as the SPS and a conversion to Cs at the same price, Mnuchin told us in Calabria's book.
They use an army of attorneys and the crew on internet message boards for the battle, shamelessly praising each other regularly and calling themselves "patriots".
They've been defeated by their sensual and rational limitations, that is, by what is written in the law and by their lack of knowledge in finance.

This is why the plotters will have to pay us a compensation for punitive damages ($8 per stock), in the same amount as the one required to the DOJ that also settles the 8 Securities Law violations during Conservatorship.
We yield to the DOJ and the SEC this claim against the plotters that includes the auditors, otherwise we keep this claim ($16 ps in total)
Accountability is of supreme importance.