Wise Man
2 hours ago
Christopher Whalen made a mistake: First time that someone mentions the 2010 Dodd-Frank law.
Post Dodd-Frank, they must be private (for the release from Conservatorship)
Correct. But he skips that the law required the UST to put an end point, and it was the UST who recommended the 3-option Privatized Housing Finance System revamp for the release in a Report to Congress, laying out the grounds to that end:
-Guarantee fee increases.
-Basel framework for capital requirements.
Which is what has happened and what has been accomplished under the Separate Account plan that upholds the law and basic Finance.
Congratulations to Mr. Whalen.
WALL ST REITERATES ITS #FANNIEGATE DEMANDS
-Ackman,pro-#Trump Letter(99.9% dilution)@FT
-Whalen:"Merge FnF",like Gasparino(2010)citing Wall St sources. But he made a mistake:"Post Dodd-Frank,private" due to the UST's call for release:
*G-fee hikes
*Basel framework@TheJusticeDept https://t.co/kcNRmaVVGf pic.twitter.com/WB8N70ULpv— Conservatives against Trump (@CarlosVignote) June 3, 2024
Wise Man
7 hours ago
The DOJ has to explain why it filed an unsolicited Joint Status Report in the Wazee case on May 10th, requesting the voluntary dismissal, hinting at a claim not sustained under the Supreme Court's Collins opinion, that made the attorney Hamish Hume drop the claim against today's SPS LP increased for free every quarter that isn't "rehabilitating FnF" (Justice Alito's prerequisite that relates to their financial condition -Balance Sheets-) and $0 EPS, three days before the scheduled appeal on May 25th, which was postponed from March 20th.
This brief was signed by the DOJ as a party.
Thus, whether it sides with Ackman in his prior GSE slides implying that the SCOTUS said that the FHFA has absolute discretion in its actions. A dumb take removed in this year's GSE slide.
Later, Ackman's clerk, Glen Bradford, is ordered to repeat it more straightforward:
Or whether it sides with another hedge fund manager, Berkowitz, and his attorney David Thompson, contending that with this SPS LP increased for free, it achieves a Wonderland scenario, where the UST gets rich with SPS LP and, at the same time, FnF are being recapitalized, based on the Financial Statement fraud in FnF covered up by the S.E.C. that received a complaint, when they don't post the gifted SPS and its offset on the balance sheets.
This is also peddled by Ackman in his GSE slides and it hasn't been removed this year, accompanied by Sandra Thompson in her testimony in the U.S. Congress, with:
FnF continue to build capital through retained earnings.
Ackman, Berkowitz and the FHFA are distinct, yet coexist in unity with the DOJ behind.
Bill Ackman explained the so called "Trump trade" in an interview with FT released last week.
The DOJ behind. BUSTED.
https://www.ft.com/content/f85801ff-3de4-4c56-a729-6f585c08ef1d
Wise Man
1 day ago
The scammers claim that the $132B SPS LP increased for free doesn't affect the rehabilitation of FnF because it's recorded off-balance sheet, that is, an External Position that doesn't affect the companies.
This is because Justice Alito called for the "rehabilitation of FnF" first, which refers to their financial condition (Balance Sheet): put FnF in a sound and solvent condition.
This is a global pandemic: The Bundesbank has a €1 Trillion claim on the rest of District Central Banks in the ECB's Payment System Target 2, recorded as External Position, thus, a payment system where no one pays its bills. Let alone that the Central Banks advance "crypto euro" called "Book Money" to the creditors, that doesn't appear in the statistics of Money Supply because it's not legal tender currency as long as it doesn't exit the central banks' balance sheet.
Another fraud with the consolidation of the district central banks, where claims/liabilities are netted out if it's a single entity called Eurosystems (no one owes money to itself), is seen when they issue banknotes above their quota: again with the claims and liabilities between the members that end up netted out.
There is a second Payment System (TIPS) for the Local Governments and their contractors, charged against their credit lines in their Central Bank accounts.
This way, the prior problem of "bills hidden in the drawers" disappears. The bills remain unpaid, but now, it's not a problem.
All in, the Eurosystems could have 160% more banknotes in circulation than reported.
You can use all the schemes you want and print all the money you want. Just make sure the claims/liabilities and the currency, are accurately accounted for in the statistics.
Which leads to another scam in Fanniegate, contending that the SPS are never repaid because they are Equity, when the underlying security in a Preferred Stock is an obligation, a compromise of repayment that has to be redeemed for cash asap, either because it was the taxpayer's assistance or because they are JPS with an outstanding dividend rate, greater than the interest rate on similar obligations by the same issuer, to capture the risk of dividend suspension in Capital Adequacy matters.
We see examples like $JPM, where it rather buys common stocks than its costly JPS, let alone investing in America ($116B in buybacks shows up as Treasury Stock in the Balance Sheet, reducing its Equity. It's money drained down the toilet. With a capital ratio of 8% and 50% weight, JPM could have lent out $3T in mortgages).
They claim that you just swap the SPS for common stocks, and thus, you can issue all the Preferred Stocks you want, because they are only paid down upon Liquidation. They don't affect the companies.
Too many people crowd around the narrative, making up financial concepts. This is why it's very important to hold them accountable whenever they use a formal document for their scams: either books, court briefs, letters, articles, etc.
We even can see unbacked tokens trading on the Stock Market, like any other security. With people called "miners" and others portrayed as modern-day explorers: Jamie Dimon, Larry Fink and Bill Ackman.
Wise Man
2 days ago
The unaudited quarterly Financial Statements are certified by the CFO with a signature and, in a different sheet, by the President and CEO.
Based on my knowledge, the financial statements....fairly present in all material aspects the financial condition (Balance Sheet)....of the registrant as of the period presented in this report.
, but the annual Financial Statements are audited by an independent auditor: PwC in Freddie Mac and Deloitte & Touche LLP in Fannie Mae (with a former PwC executive serving on the BOD).
The consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2022 and 2021.
Yeah, right! With all the SPS LP increased for free quarterly in an amount equal to the Net Worth increase, in the absence of dividends to the UST since September 2019, absent from the Balance Sheets, and a one-time $3B in December 2017, along with their corresponding offset (reduction of Retained Earnings account).
The S.E.C. received a complaint about it.
The crooked litigants submit to court their fabricated GSE charts, instead of submitting the financial statements from the enterprises, in order to conceal it.
Only the Income Statement with $0 EPS, close to $0 or negative EPS, is correct. An amount covered up by the plotters Guido and Timothy Howard: "The EPS is $2.8" (Also the 2024-2025 estimations in the Bloomberg Terminal) and "Minuscule PER", when the PER is enormous or N/A when the EPS is negative or $0. (PER = stock price/annual EPS or, what is the same, Market Capitalization/annual Earnings)
Although the Separate Account plan is authorized with the FHFA-C's Incidental Power, there's been several Securities Law violations in the process, for which we request a symbolic and voluntary compensation for Punitive damages.
RickNagra
3 days ago
Oh wow. Oh wow. Oh wow.
Which securities will be affected by T+1? According to the Financial Industry Regulatory Authority (FINRA), stocks, bonds, exchange-traded funds (ETFs), certain mutual funds, municipal securities, Real Estate Investment Trusts (REITs), and master-limited partnerships (MLPs) traded on U.S. exchanges will move from T+2 to T+1 as of May 28.