Federal National Mortgage Association (PK) (FNMFO) Quote

"Senate Banking & Housing Hearing Begins @ 10:10 am EST ..."

What a waste of the auditory system!! You have five minutes Senator. Here's your soapbox.

"this is where the court system could completely break down, if any judge ignores the judicial process and gives in to Government pressure because they lost. we are truly in a banana republic or worse, communism, where Government does whatever they want for whatever greedy reason they want, and tells judges to ignore the truth and the people"

It's in a shambles now and it's totally the fault of those that play in it . . . the legal profession. QED

Look up the word "RIDICULOUS" in your dictionary. Below is what comes up:


Last Updated: April 17, 2024, 11:59 p.m.
Assigned To: Royce C. Lamberth
Citation: IN RE: FANNIE MAE/FREDDIE MAC SENIOR PREFERRED STOCK PURCHASE AGREEMENT CLASS ACTION LITIGATIONS, 1:13-mc-01288, (D.D.C.)
Date Filed: Nov. 18, 2013
Date Terminated: Oct. 10, 2014
Date of Last Known Filing: April 17, 2024
Cause: Civil Miscellaneous Case
Nature of Suit: 890 Other Statutory Actions
Jury Demand: Defendant
Jurisdiction Type: Federal Question

2013 to 2024!!!! And this comes under the "Speedy Trials Doctrine"??? And worse yet, NOBODY has received a dime as of April 18,2024!!!!

You said the spspa is void if the verdict is upheld. That is false, this was a claim for monetary damages nothing was for injunctive relief. Nothing that says the spspa will be void as a matter of law.
The gov motion for dismissal as a mater of law I believe establishes 2 things. First, if the 8-0 verdict survives, then the SPSPA as currently written will have to end.
2. Second, the gov motion is highly likely to succeed because this verdict is all that is left of a failed flimsy attempt from 15 years ago that never alleged any violations of the actual laws that mattered.. That is your opinion that their motion is likely to succeed, which I disagree with. But you are mostly correct that No one in all of these years from state and federal district courts to the supreme court ever mentioned the charter act or the safety and soundness act of 1992. The only laws that actually matter. Therefore, with the absence of those claims, the Gov is correct based on the historical adjudication of the NWS as if it existed in a bubble that the jury verdict should be overturned. Sad but true in my opinion.. Again dumb plaintiff attorneys.

None of the goblins sold they are all dreamers expecting $300 per share.

Oh wow. Sherwin showed up on cue end of day for some downhill skiing. Black Diamond that is.

What's up with the plunge towards the closing bell? Which one of you goblins had weak hands?

Yes! All shareholders from the beginning of the NWS deserve Reparations

really?

Hey I want to be free and trading NYSE

AND for sure F and F were stolen from STOCK EQUITY owners ----- a crime, or at minimum a TAKING that should be completed by paying us say $25 a share

but ---- this illegal ugly action has not harmed people's ability to buy homes - future generations have not been harmed

rates are relatively higher as the FED tries to beat up the economy and cool inflation

indeed the very explicit GOV guarantee on paper issued by F and F likely keeps rates down say one tenth of one percent and - like it or not - "allows" F and F to buy up MORE mortgages from primary markets

And per one article I saw FMCC wants to LEND money to home owners on their equity --- eliminating the need for a second mortgage or HELOC application --- stay tuned as maybe maybe maybe that avenue to much more profit - will indirectly help free us

Big guns buyin' Fan and Fred like hotcakes as
marginal hands bail

Let me guess sandra did not say anything positive about 'gse release' today

I agree, unless the dividend and compensation to shareholders is enough to keep me around

I firmly believe that a Stockade level (Public Shaming) in the courthouse square would do wonders for "convicted" criminals.
Especially those who fall into the Nonviliant/White collar crime category, To Hell with house arrest & community lockup during
the week just to be let out on Fridays @ noon for the weekend.

i have stuck in this for 10 years, i'm with ackman - take the 50 and run now dammit no more waiting

400 without

this stock is still worth 50 with the warrants

The GSE's are like the rock climber who caught his arm in the rocks and cannot get free.

Do I cut off my arm (aka warrants) to get free or do I stay here and die?

warrants are not legal at this point but how else do we get free except court or Trump.

Courts will take years, so Trump in the next hope. then do we cut off our arm to get free (warrants)?

"Potttersville"-from It's a wonderful Life

unreal govt rats have sold out future generations from home ownership to fatten their wallets.

they should all be prosecuted and be publicly disgraced

> Given the exponential rise in unethical law-fare perpetuated by the industry over the last decades I see no other explanation.

Not to be cynical but appeals/delays also mean more billable hours for certain parties (which also means a new Mercedes, a second vacation home, etc.) It's in your best interest to advise your client that appeals/delays are in their best interest.

Says the man with an IQ of a house plant!

Ace
pet projects - votes ---- that is politics and political corruption. I have no idea why democracy and politics is socialism

We had a Republican WH - Treasury and Justice Dept and we did not exit

cash account - no borrowing
IRA or similar - no borrowing

Margin Account --- unless some companies have "strayed" --- the margin agreement always includes the account owner agreeing stock held in that account/margin can be borrowed by parent brokerage firm

Physical possession - no borrowing

And those other type "places" --- I suggest (have not read the agreements) that unless the agreement (account agreement or similar) says THEY can borrow - then no borrowing

very informative

and if he was over ruled - that IMO should end it --- at his level and at the level above him

i.e. it is COURT decided in our favor

Do I read your post correcttly?

Come to Papa!! 😁

lol thanks for comparing it in 2024.
I had been saying all along they nominated dumb idiot sandra for a reason.

You’re an idiot…

Yep that’s about why they want them to be for their pet projects and buy votes! It’s called Socialism!

Another reason large corporations are buying up homes left and right and making them rentals. Black Rock. State street and Vanguard, Google, and now Amazon!

For Fannie and Freddie to be released it’s going to have to be a Republican White House.

IMO the obvious was looking us in the face the entire time.
Biden admins goals NEVER included exit. they have their dream scenario in Cship. control housing mort market, doing uneconomical subsidy programs that cant be forced on comps Outside Cship.

trump/calabria want(ed) exit— Tony Castelluccio (@T_Castelluccio) April 18, 2024

He has consistently ruled against the Shareholders. Nothing could surprise us, now. Disappoint us, Yes—Surprise us, No.

Saying something is false or partly false without stating why you believe that with either an opinion or some facts is a waste of time. I have established over many posts why I believe part 1 and 2 to be creditable assumptions. You have not. So your post serves no actual purpose. I have no problem and would prefer you educate me so that I don’t perpetuate any falsehoods. Thanks. Dumb is one way to think of the attorneys. I prefer to think of their strategy as malicious and extremely effective if the goal is obfuscation and run out the clock. Given the exponential rise in unethical law-fare perpetuated by the industry over the last decades I see no other explanation.

i had read in the past that anyone who knowingly purchased shares after 3rd amend may not be part of any settlement as they knew going in. would ackman, berkowitz fall in that category?

but then i believe lamberth ruled ? that rights travel with shares and that logic does not apply.

what do you think? where is defense going with it?

Judge Lambert was very straight about it had to be 8-0 verdict ! Why? did he already know that the FHFA would appeal asking for this very thing and for him to deny the FHFA this motion and for it to hold up on appeal !!! The 8-0 makes it very clear to him which way he can decide this case.

Part 1 is false.
Part 2 is partly false but you are correct in your insinuation that then plaintiff ATTORNEYS ARE DUMB AS SHIT.

“how to block your stock being loaned to short sellers”

based on this cnbc story (link at the end)

-holding shares in a cash account at a brokerage firm as opposed to a margin account: believe this would be a permanent change and if you want margin, you will have to apply again and those who do day trade cannot do so if not margin? Is that correct? also, can you specifically list specific stock to be on non-margin or the brokerage firm decides?
-opting out of any securities lending program: is this an account feature or do you have to call? how does one look it up?
-moving to the company’s designated transfer agent - ??
-transferring shares to a bank – so you can’t trade anymore
-holding them in your retirement account – depends if you are eligible without paying additional taxes
any thoughts? wondering why they did not list putting a sell order at an absurd high price so it is not available anymore. some brokerages would not allow you to put an absurd price as far as i know.

https://www.cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html

None of this at all matters if the latter half is sealed. Motion for a longer reply was itself a waste of paper.

I was comparing scorecards between Calabria and Thompson this morning (no, seriously) and differences were very stark - Calabria: prepare the GSEs for exit - Thompson: affordable housing, climate, appraisal bias, and no mention of exit from conservatorship.— Tim Rood (@tim_rood_) April 18, 2024

I believe the defendants are going back to 2013 when they argued that in conservatorship only the conservator can file suits. Judge Lamberth agreed that shareholders' rights were transferred to FHFA and dismissed the suits. He was later overruled.

Yes I heard Senator Hagerty in its entirety. He is our friend. Basically told Thompson to continue Calabria’s work raise private capital quickly which gets the GSEs out of conservatorship. However I think he wants to exercise the warrants because he mentioned $100B for the government.

JNOV. Hmmmmm.....where have I heard this before?

Did you people hear Haggerty? Him is da Man..

He was ready to tear ST a new one

"Seems like old times."
"More like old habits "

Is Freddie about to adopt a home insurance policy for a fee in conjunction with all new mortgages bypassing insurance companies?

$$

claims travel with shares you silly anti-Hamiltonians

What do you mean Boat. Lamberth is the GSE's biggest fan. No chance this could work out poorly for shareholders. LOL.
Why even have a jury system? We are now officially a complete bananas republic. Thank you mindless democrat voters.

I changed my mind and decided to watch this hearing. Thompson now talking. If she actually were to say something positive we could print $5 today. Can it happen ? Can elephants fly ? Oh wait Dumbo can fly I just remembered so there is hope.

Appeal? What’s another 5+++ years? Hence the price drop.

The gov motion for dismissal as a mater of law I believe establishes 2 things. First, if the 8-0 verdict survives, then the SPSPA as currently written will have to end. Second, the gov motion is highly likely to succeed because this verdict is all that is left of a failed flimsy attempt from 15 years ago that never alleged any violations of the actual laws that mattered. No one in all of these years from state and federal district courts to the supreme court ever mentioned the charter act or the safety and soundness act of 1992. The only laws that actually matter. Therefore, with the absence of those claims, the Gov is correct based on the historical adjudication of the NWS as if it existed in a bubble that the jury verdict should be overturned. Sad but true in my opinion.

Yawn. I’ll pass. Think I’ll watch instead reruns of The Waltons. More exciting.

Govt-

“Let’s skip
The appeals process and just ask our old paid off buddy to throw out the case.

The media won’t do anything

No one knows

We can act like we never lost”

Unreal

Has this ever been done before?

Tia

Donotunderstand - I'm just making reference to the bazillion times KThomp refers to quotes in Calabria's book.

A recollection of a conversation from years prior, where someone said something and it gets positioned as Treasury said or did something official, when in fact it is nothing more than hearsay.