Discover and read the best of Twitter Threads about #fanniegate

Most recents (3)

1/ After talking to some people last night about potential resolution of GSE's, I need to explain how corporate structure works with application to GSE's. This is going to be the thread about it and exploring Collins relief options on corp structure.
2/ Corporate structure is about what asset class lays claims on assets of corporation. In this case it's equity (as Assets-Liabilities). GSE's equity has three classes in order of seniority. $200B face SPS, $33B face JPS and common+80% warrants.
3/ Currently all classes are impaired as equity is $17B. But Collins lawsuit proposes 2 reliefs. First I want to explain relief where $200B 10% SPS stays on books, but there is a recap.
Read 11 tweets
The ruling stressed that a provision can't be seen isolated but part of whole statute to slam @FHFA's take on superpowers in Inc Power. It must comply w/ Power.
It can be applied to the dividend payments on SPS.#Fanniegate @TheJusticeDept
Because the Charter prior 08 said that @USTreasury can buy obligations at a rate similar to Tsrys.
HERA incorporated below it that they can have unlimited yield. It didn't strike the previous cap.
Div restricted w/ exception:reduce obligations. In 2011 new exception in CFR:Recap.
Now, what measure would you take that complies with ALL of the above?
Pay a div on the obligations SPS similar to Tsrys payable once Adq Cap & the excess applied toward the repayment of the SPS first, later Recap in a escrow acct at @USTreasury & lie about it thanks to Inc Power.
Read 4 tweets
I want to thank @jerome_corsi for spending about 8-10 minutes in his live stream yesterday. Watch (starts @ 15 min) He has been an advocate For #GSE shareholders for quit awhile. He hilites #FHFA calling for recap. #fanniegate #FNMA #FMAC #MAGA
No secret what I think - @larry_kudlow @MickMulvaneyOMB @stevenmnuchin1 @USAGSessions My money was stolen by deceptive govmt accounting then swept into treasury to illegally fund obamacare. No other solution than ppl go to jail- money returned #fanniegate #FNMA @POTUS #MAGA
Today when the OIG report comes out it will claim the spotlight, but just know, #fanniegate was one part of all of obama's lawless actions. @POTUS needs to order the 11k hidden docs unclassified and hand over to @TheJusticeDept $billions stolen from fortune 50 private Co.'s
Read 6 tweets

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