Replies to post #770283 on Fannie Mae-No Politics (FNMA)

[KenKong]

Thanks!

[Guido2]

Thanks imbellish.

[FOFreddie]

Hamish Hume keeps on fighting for the shareholders!

[HappyAlways]

Yes, taking claim to SCOTUS eventually. In SCOTUS last oral argument, the Justices kept asking “why not suit for taking”. If we make it to SCOTUS, see what they say this time.

[RickNagra]

Say Waaaaaaaa ? Wonder what's zee going on. En banc or appeal to SCROTUM ? I still remember what happened last time. Them scrotums gave it to us shareholders up the WaZee.

Wazee asks for an en banc or appeal to SCOTUS

https://storage.courtlistener.com/recap/gov.uscourts.uscfc.37252/gov.uscourts.uscfc.37252.36.0_10.pdf

[Wise Man]

We already had en banc and appeal to SCOTUS.
With the same case, Collins. And both had the same outcome, necessarily there is a Separate Account plan that complies with the FHFA-C's statutory mission (Power): put FnF in a sound and solvent condition, which Justice Alito called "the rehabilitation of FnF".
And both judges coincided in the interpretation of the Incidental Power as well. Justice Alito, in addition, interpreted the second part of the Incidental Power that Judge Willett (5th Circuit) missed. This is why it's been determined that both were synchronized:
Judge Willett stating that "take any action authorized by this section" means actions "within the enumerated powers" (Rehab)

and Justice Alito, after interpreting "authorized by this section" with "rehabilitate FnF", he followed up interpreting what "in the best interests of FHFA" means, with:

It may aim to rehabilitate FnF in a way that, while not in the best interests of FnF, is beneficial to the FHFA and, by extension, the public it serves.

Basically authorizing the extortion of resources out of FnF, beneficial to the public and to FHFA, whose actions are echoed by the media, currently being carried out through the investment banks and hedge funds that act as Special Purpose Vehicules for the polticians. E.g. Trump initiated the program where FnF are compelled to sell their RPL at a deep discount, should the borrower need debt forgiveness down the road (principal reductions have never been authorized before, until Trump and Goldman Sachs' Mnuchin came to power), expressly written in the press release of FnF in each operation:

In addition, non-performing loan buyers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness,

, when, in the securitization business, those loans are bundled into MBS again and sold to investors. The same with the NPL, preventing FnF not only from taking posession of the valuable collateral, but also the PMI is automatically cancelled, bailing out the insurers (the public that the FHFA serves)
It isn't an authorization to steal their profits once they've been generated, as they are necessary for "the rehabilitation of FnF" (the conservator's authority or power)

The rehabilitation in a financial company is solely measured with their capital levels and debt levels (including their obligations SPS and JPS that, at some point, will have to be paid back, and substituted for Retained Earnings account, much cheaper to keep than Preferred Stocks), that is, sound condition and solvent condition, respectively. The conservator's statutory mission.

The attorney Hamish Hume, here in the CFC and in the Lamberth court, represents the hedge funds that lie in wait for the return of FnF but severely beaten up, with huge capital needs.
This is why the Equity holders request $4.9B in Punitive Damages to all the peddlers of the Govt theft story and plotters that have covered up the key statutory provisions and financial concepts.

[Donotunderstand]

very weird "motion or whatever"

kill us --- that is what it says - kill us but only by gun -- not by throwing off a building or drowning

why?

if you kill us by gun - we can THEN re submit if we and others win an EN BANC elsewhere !!

that is how I read it

very interesting - and I do not know how unusual it is for a plaintiff to say to the court - dismiss us - kill us - but please do it our way only