Replies to post #825813 on Fannie Mae-No Politics (FNMA)

[Guido2]

The case in Lamberth's court was a class action on behalf of shareholders for lost dividends. My case, should warrants be exercised, will be a derivative case filed on behalf of Fannie Mae and Freddie Mac. It will be based on definition of "fair value" straight from the warrant agreements signed by James Lockhart and Hank Paulson. BTW, it's the same definition Treasury used for warrant purchase buy backs.

For new people on this board, the definition of fair value is the average closing price for the prior 20 trading days. Based on calculations I did long ago, Fannie and Freddie are being defrauded by $46 billion if exercised. FYI, the day before the warrants were issued, Fannie closed at $7.04 and Freddie at $5.10. Yet, the warrants as written, entitle Treasury to buy what is currently worth $350 billion, according to President Trump, for a measly $76,000.

I'm an old man who can still use a baseball bat to kick criminals off my lawn while welcoming children to play on it. And I don't coddle to swindlers who are stealing or attempting to steal from me.

[Barron4664]

Thanks FOF. What I am talking about is on a completely different level. Money damages in a Federal District court are capped at $10,000.00. If you want more than that you need to file a takings case in the corrupt Court of Federal Claims. Remember the lamberth case is not against the gov but the GSEs.   No, if I am right, and a judge aggrees, the SPS agreement itself, would need to be nullified and everything unwinded per the Administrative Procedures Act and per the SPS contract language itself. The Warrants would be canceled. Treasury would be the owner of nothing. Remember, the Treasury already sold all of their MBS for a profit that they purchased under their authority granted them under HERA. What they have left in the warrants and SPS are the fruits of a poisoned tree as a result of agency actions that are contrary to multiple laws.