$FNMA
#FANNIEGATE
--- the supreme court opined that if trump wrote a letter like this that it would be sufficient to show that the statutory provision caused harm. God Bless Trump
No matter what happens hats off to hamish hume for fighting the good fight and pointing out the government’s criminal behavior to the best of his ability the past few weeks
The U.S. Federal Housing Finance Agency improperly amended stock purchase agreements related to Fannie Mae and Freddie Mac in 2012 to allow the U.S. Treasury to sweep up the companies' net profits, a Washington, D.C., federal jury found on Monday $fnma
#fanniegate
After a 15-year conservatorship that has subjected Fannie and Freddie to political influence and compromised their founding purpose of expanding the secondary mortgage market, the time has come $FNMA
#FANNIEGATE
In a new blog post on the 15-year anniversary of the
@USTreasury
and
@FHFA
conservatorship of
@FannieMae
and
@FreddieMac
, our
@HaynieRon
writes the time has come to end what was intended to be a short-term timeout for the enterprises.
FUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCK WE WIN WE WIN
FHFA is reviewing a host of options to make Fannie and Freddie more profitable because the companies have to be attractive to potential investors in order to have successful share offerings, Calabria says
$fnma
#fanniegate
thank you to the jury members who are standing up and defending the law against government overreach arbitrarily trying to zero out everyone else but them.
Today Judge Lamberth issued an order affirming the jury verdict that the government acted in bad faith when enacting the third amendment net worth sweep to keep Fannie and Freddie from recapitalizing on retained earnings and exiting conservatorship sooner $fnma
#fanniegate
In 2012 the government found out fannie and freddie were on the verge of the golden era of profitability and knowingly decided to take it 100% for itself for $0 in consideration. That is the breach of implied covenant of good faith that is scheduled to go to trial in 1 month
Judge Lamberth released his decision today saying shareholders are entitled to pre-judgment interest, but not as much as they'd wished. A copy of Judge Lamberth's decision $FNMA
#FANNIEGATE
"The problem here is that the Obama and Biden administrations have never taken their feet off the throats of Fannie Mae and Freddie Mac"-Senator Hagerty --- transcript $FNMA
#FANNIEGATE
Ed Demarco:I conclude by encouraging this Committee and the Administration to focus on bringing these conservatorships to an end in a way that is both politically and economically stable and sustainable. $FNMA
#FANNIEGATE
First was David H Stevens, now Ed
Mark Calabria basically hints Director Watt, Secretary Treasury Jack Lew, Ed Demarco, and all of the FHFA/Treasury predecessors basically have been committing economic malpractice... lol
#FANNIEGATE
$FNMA
Another quarter of all-time record net worth over at
@FannieMae
$fnma
#fanniegate
in a world where the government has them trapped in conservatorship for reasons that no longer really compile at this point.
$FNMA
#FANNIEGATE
Days before PSPA 3rd Amendment Announced Senior White House Economic Policy Advisor outlines true intent of 3rd Amendment Net Worth Sweep
The government stole hundreds of billions of dollars from fannie and freddie and wants to prevent shareholder plaintiffs from pointing out how much more money the government stole via the net worth sweep in plaintiffs closing arguments $fnma
#fanniegate
The jury should determine demarco was negligent at best but the reality was he conspired with treasury to steal all of fannie and freddies money to zero out shareholders since they ran out of accounting fraud to kill them and couldnt kill the companies. $50b in damages!
The money does not lie, internal documents produced by discovery do not lie, but the government lied when it implemented the net worth sweep and to the Judge when defending it and the Jury will not have a problem seeing and understanding the government is the baddies
#fanniegate
The Federal Circuit entered an order yesterday directing the government to explain within the coming week why the material redacted from Washington Federal's opening brief should remain shielded from public view
#FAnniegate
$fnma
Behold: The best week for me financially in my life so far. Here it comes. Here I am. This is how we do it. I have 2600 article pending on seekingalpha. You already know. Its ya boiiii
We still have 24hrs before
@SVB_Financial
has to open tomorrow.
I think they should take it into conservatorship, give them a PSPA/TARP and let the government sit on it for 14 years. $SIVB
Cheers to the jury members who see that the government committed fraud when enacting the net worth sweep and are standing up for shareholders in the face of government lies. $fnma
#fanniegate
$FNMA
#FANNIEGATE
Lamberth order out. looks overall net positive to me, 2 out of 5 newly discovered documents will be shown to jury. could have been worse.
ICBA wrote to
@FHFA
to express concerns regarding its proposed single-family pricing framework, which fails to consider crucial challenges preventing the government-sponsored enterprises Fannie Mae & Freddie Mac from setting a competitive return on equity.
It's unclear why you are retweeting Jim Parrott? What the fuck is going on? He was cited in the 5th circuit legal ruling for breaking the law. How does someone who breaks the law get on
@CNN
and retweeted by the
@WSJ
???
#FANNIEGATE
$FNMA The Swamp is deep.
"It's unclear whether the administration is indeed pushing everyone to the negotiating table, or just so impatient for movement that it would welcome a world in which mortgages are more expensive."
ICBA strongly encourages FHFA to resume discussions with the US Treasury to resolve the warrants/PSPAs, which will ultimately ensure safety and soundness of the housing system; allow the GSEs rebuild capital more quickly by raising equity $FNMA
#FANNIEGATE
Incidental powers language of HERA not in the record or Alito - no authority for what the discredited DeMarco did in shifting responsibility of conservator to conserve and protect to protecting taxpayer - this is a good jury
$fnma
#fanniegate
if you Re a shareholder now is the time to tell your story and post it on social media about how the government lied and cheated and stole and jumped over the law to do so
The government continues to keep Fannie Mae and Freddie Mac in conservatorship despite having more money than ever before and making more money than ever before and being safer than ever before $fnma
#fanniegate
Just wanted to say directly, last call for fanniegate. The government is taking action. They took their first major action wednesday. The next major action is in ~3 weeks. You are invited to join to whatever extent you want. $fnma
#fanniegate
CEO of Fannie Mae posts infographic which, combined with 10-Q, proves the government's unwillingness to let the companies out of conservatorship is the only thing keeping them in conservatorship. $FNMA
#FANNIEGATE
To require the Secretary of the Treasury to submit to the Congress completed proposals for the termination of the conservatorships of Fannie Mae and Freddie Mac, and for other purposes. $fnma
#fanniegate
For years now plaintiffs have had government documents proving the government decided to take 100% of the profits for $0 because they were told in advance that the profitability was going to massively turn up. To do this, they breached implied covenant of good faith. Oct. trial!
In discussion at
@MasonLEC
,
@FHFA
Director
@MarkCalabria
publicly indicated
#GSEs
could leave conservatorship before hitting top capital threshold and operate under consent decree.
Treasury Has Held Meetings on Recapitalizing Fannie, Freddie
By Austin Weinstein
(Bloomberg) -- The U.S. Treasury has held working sessions on the potential recapitalization of GSEs such as Fannie Mae and Freddie Mac, according to Craig Phillips, a dept counselor.
#fanniegate
What continues to be said at legal hearings is that Fannie Mae and FHFA had no knowledge that the credit loss situation was changing dramatically when they came up with the new amendment. This document proves that is a pure lie. $FNMA
#FANNIEGATE
Fannie/Freddie Consolidated Class Action Copies of the jury's second note to Judge Lamberth and the completed verdict form are attached to this e-mail message. $FNMA
#FANNIEGATE
I dont think pspa is this week. I think it is next week. Just saying. But it is imminent. Fuck all the lunatics and haters who are either disillusioned or lying saying anything different. This is what I say. Cheers to those who ride into battle alongside yours truly!
Alec Mazo points out that I wrote a must read. I hope I did a good enough job to help you all figure out what just happened. The shareholders have complete control over whether this recapitalization has legs or not. The Treasury plan is a recap. Let's roll!
Fannie and Freddie have more net worth than ever before $111b and make more money than ever before and are safer than ever before and the government still has them in a stranglehold choking them
@FannieMae
@FreddieMac
— must be confusing for all their employees $fnma
#fanniegate
We have lost a
#fanniegate
hero. He was a good man. I had the pleasure of getting to know William across the years and he was a kindred spirit and was always sharing positive thoughts about the future.
Shareholders tell Judge Lamberth the trio is repeating old arguments he previously rejected, there's no reason for him to revisit his 2018 and 2021 rulings, and the jury verdict should stand. $FNMA
#FANNIEGATE
$fnma
#fanniegate
many families and victims of the government fraud to steal fannie and freddie and all their money not to mention if they would have completely succeeded in killing fannie and freddie
Engage with Treasury to resolve the liquidation preference, modify the PSPAs accordingly, and
work with the Enterprises to develop a realistic timeline with specific milestones that must be met for the Enterprises to be released from conservatorship. $FNMA
if the government had not enacted the net worth sweep, fannie and freddie would have recapitalized via retained earnings and the government would have restructured its equity and they would have exited conservatorship by now, preferred would be at par $FNMA
#FANNIEGATE
.
@SenatorHagerty
did a good job pointing out that HERA 2008 commands FHFA to pursue the end of conservatorships via Recap and Release when acting as conservator AND says that doing so will produce $100B+ to solve the affordable housing crisis $FNMA
#FANNIEGATE
h/t
@timpagliara
Fannie Mae and Freddie Mac have been on course to exit conservatorship as regulated utilities since they began retaining capital in 2019. This year marks 5 years of retained capital. Sandra Thompson has finished all the prerequisites for them to safely exit conservatorship.
The government knew what it was doing when it enacted the net worth sweep. They knew they were taking everything for nothing and that is precisely what plaintiffs have claimed as a breach of their contracts and the judge agrees!
#fanniegate
this is a simple lawsuit.
The specific reason EdDemarco arranged for the NWS was because they were going to have to reverse their DTA writedowns, and they did not want the companies recapitalizing, so they swept everything for $0 consideration designed to zero out shareholders for nothing
#fanniegate
Did the government have inside information that it used to front run shareholders by enacting the net worth sweep on the eve of the golden era of profitability? Yes. We have seen the evidence that proves this. We are going to win, and win big
#FANNIEGATE