Wise Man
1 minute ago
The attorney Hamish hasn't filed the appellants' brief on the scheduled date, due on March 25th, 2024, in a different case (Wazee. Court of Federal Claims with judge Sweeney) than the case in the Lamberth court.
Pacer doesn't show it on its docket, with the docket updated.
Check it out yourself:https://www.pacermonitor.com/public/case/52102413/Wazee_Street_Opportunities_Fund_IV_LP_v_US
Because I don't have subscription to Pacer, I can't be 100% sure, but it usually works fine for all the cases.
This is important because Wazee was the first case that challenges the ongoing NWS 2.0 or Common Equity Sweep through the offset attached to the SPS LP increased for free every quarter (Image), equal to the Net Worth increase, brought up by the attorney Hamish Hume in an amended complaint.
Have a look to the amended complaint in this tweet:
NO GLIMPSE OF LEGALITY W/ LAMBERTH
Atty Hamish didn't challenge today's Common Equity Sweep. It'd hinder his claim of 1-day share price drop rebate on 3rd amdt-day.
To avoid be sued, NWS 2.0 brought up w/ Wazee(CFC) in amended complaint.Appeal due 3/25.#Fanniegate @TheJusticeDept https://t.co/QPwJTUOf1G pic.twitter.com/PXHIHYNBcd— Conservatives against Trump (@CarlosVignote) March 20, 2024
Not challenging this NWS 2.0 was considered one of the two reasons why the Class Action in the Lamberth court was illegal, because of a breach of Rule 23(b)(3) that outlines the prerequisites for Class Actions:
A class action is superior to other available methods for fairly and efficiently adjudicating the controversy.
The second reason is because of the absence of the FNMA share class.
They are breaches because you can't claim now that the Class Action would put an end to the controversy.
Notice that, early in the morning on the day the appellant's brief was due, March 25th, I had explained everything I've just said to the pro se plaintiff in this comment, that he had difficulties in understanding because he was in a state of shock about what he was reading, as it would derail his expectation of getting back dividends on his Non-Cumulative dividend JPS (For instance, in his appeal in the Lamberth court, he claimed that his dividend should have been stored).
In order to not be sued, the attorney Hamish Hume felt the need to amend the lawsuit with Wazee, which is another Class Action, so he can argue that it makes up for the 2 flaws mentioned in the Lamberth court. This piecemeal approach is NOT how the Rule of Law works.
Providing the cover-up, were the allies Bill Ackman and the Fannie Mae CEO, both repeating that FnF are building capital as usual, jointly with the satellite hedge fund manager Alec Mazo on Twitter promoted here by Navy Hedge Fund, so the SPS LP increased for free and its absence don't affect at all to the enterprises, that had the objective to pave the way for this attorney to relinquish his claim of a damage caused by the NWS 2.0, and not affect the course of the Lamberth rebate.
The attorney didn't want to change the ship's course, unaware that the litigation diatribe is a sinking ship.
All the lawsuits are meritless with the Separate Account plan in accordance with the law. The dividend was impeccably suspended.
Wise Man
2 hours ago
CORRECTION. Ackman didn't remove "re-privatization" from his GSE slide of this year, published on February.
At the time, I had a look to the bullet points and spotted that the sentence with "re-privatization" that was written at the bottom of the slide in black letters the prior year, was omitted.
Yesterday I checked it out and realized that Ackman had made the executive decision to "upgrade" it to the top of the slide, as a headline, and written with blue marking paint. This is why it went unnoticed.
This isn't just speculation because it involves felonies, like the coverup of statutory provisions, regulation and basic financial concepts (Making False Statements), an elaborate plan of deception for stock price manipulation and assault attempt on the ownership of FnF (Common stock. JPS holders have "other ownership interest"), colluding with the FnF management and the conservator with their Financial Statement fraud (SPS LP increased for free and its offset, absent from the Balance Sheets) providing the alibi and, the key for being liable for $4.8B in Punitive Damages among all the plotters, it's carried out through formal documents that have more influence on the market price than just an opinion on social media "free speech", regardless of being a letter to Pershing's shareholders, or Hindes with: "To my partners". It's an official statement with the pomp of a corporate document and written as executive of that corporation, that it's made publicly available by simply posting it online and not sent by private email or mail to each shareholder/partner as it should be.
The same with the court briefs (abuse of court process), articles in SA with an editor, posted later on all the financial websites for the stocks in question, books, financial analyses, etc.
Playing the fool isn't an option. Attorney for Berkowitz, Bhatti, Robinson, Collins and Rop, David Thompson, in a conference call hosted by Pagliara: With respect to capitalization, I am not a regulatory lawyer. I am a litigator....That's being watched by a number of sofisticated lawyers...
22:30 mark:https://web.archive.org/web/20200619174039/https://investorsunite.org/wp-content/uploads/2020/01/1-24-IU-Teleconference-Audio.mp3
It explains why FnF have now an adjusted $402B core capital shortfall over Minimum Leverage ratio requirement as of end of 2023, expecting massive stock offerings for the hedge funds that pay him lying in wait.
He isn't challenging the SPS LP increased for free that carries an offset with reduction of Core Capital, selling it as a wonderland, where the UST gets rich with gifted SPS and, at the same time, FnF are being recapitalized (which means to build regulatory capital), based on the Financial Statement fraud in FnF, with gifted SPS/offset missing on the balance sheet.
And even he is using this fraud by FnF to claim "Constitutional damages" caused by the "for cause" removal restriction (it prevented the appointment of Calabria from happening sooner), and last but not least, using fabricated evidence (the Trump letter).
Let alone the "Lamberth rebate" for back dividends on the Non-Cumulative dividend JPS, which is another capital distribution restricted that he covers up, like dividends and SPS LP increased for free, which are the grounds of the Separate Account plan through the exceptions to this restriction by statute (repay the SPS/recapitalization) and the CFR 1237.12 (for recapitalization), necessary for the FHFA-C's Rehab power (in a sound condition means to build regulatory capital -Soundness-) and to comply with the ERCF. Primarily because the prior MANDATORY release was Undercapitalized capital classification, when the Core Capital is greater than the Minimum Leverage ratio, previously known as Minimum Capital Level.
The capital levels are the foundation in a financial company, but the self-proclaimed "unsofisticated lawyer" said "I'm not a regulatory lawyer" in a question about the capitalization of FnF, and a lawyer who is now asking for debt forgiveness (SPS LP cancelled), Argentina/IMF-style, after leaving FnF severely damaged thanks to his con job in the U.S. courts.
Double penalty for those playing the fool.
ewtrader
9 hours ago
Who will represent the “Puchaser” to make all Null and Void - and send the communication?
f6.7. Effect of Order; Injunction; Decree. If any order, injunction or decree is issued by any court of competent jurisdiction that vacates, modifies, amends, conditions, enjoins, stays or otherwise affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator (except in each case any order converting the conservatorship to a receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.
6.12. Non-Severability. Each of the provisions of this Agreement is integrated with and integral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-26_SPSPA_FannieMae_RestatedAgreement_N508.pdf
stoxjock
12 hours ago
How can the Commons of FnF come down so much in one day unless they are dumping a TON of Naked Shorts???
I am very sure that a "Scheme' has been hatched by Biden, FHFA and the SC0ndrel from OMaha so that OMaha Oracle "Buys up 90% ' of FnF Twins "Dirt Cheap', with help of the UST & Wall St MM Goons...Biden, UST , FHFA & Wall St Big Honchos have bunch of BRKA Stock-holdings in their Brokerage Accounts and they will "privatize all the Profits of FnF this way...H
Then Biden will come out and 'announce' that he is doing RRR of the FnF Twins....BUT I am afraid we existing Common-holders of FnF may get Diluted in the 'Secondary Offering' while they will have 'Anti-Dilution Covenants' in Place for Omaha Oracle's Investment in FnF.....That's what is happening I suspect with the way some Big Whales are Accumulating FnF this week, by stealing from Weak Hands Retails.