ARE #BIDEN & #KAMALAHARRIS TWO BULLIES?
Fact:KH was chosen by Biden because she's a well-known stalker of FnF. In Dec2011 KH sued FnF and in Feb2012 she bullied the @FHFA's Dtr publicly and in letters.
Biden understands the VP role as a bully,he might've done the same.#Fanniegate ImageImage
Background.
In 2011,Republicans introduced more than 16 bills in Congress with the goal to wind down FnF, others were bipartisan.
HR1859 in May, a day after🇨🇳VP Quishan's trip to the🇺🇸to meet w/ Geithner.
HR2413 in Aug.
Geithner,July 2011:"Don't listen to banks...". 2 days later:
“The president did not want the new rules to end up being written by those who brought us to the edge of catastrophic financial failure”.
In July, FHFA began preparing the secret Recap plan CFR1237.12(1),which kicked off when the SPS were redeemed in 2013 for FMCC.2014 for FNMA. Image
The former FHFA's Dtr is known for refusing to do CRT operations with FnF unless Congress enacts legislation to allow it.
So,Biden might have bullied the Dtr into approving the exception (1) through rulemaking, when the law only allowed a Capital Distribution to reduce the SPS(B) Image
Trump might hold docs under Executive Privilege, incriminating Biden as a bully of the FHFA's Dtr and FnF back then,w/ the objective to turn a Conservatorship into a backdoor Nationalization and utilize FnF for public use(case before @Scotus)
Now,Biden wants to repeat this story.

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More from @CarlosVignote

10 Jan
PROPOSED ORDER IN @Scotus
1-$160b @USTreasury refund.@TheJusticeDept pays $19b Moral Damages
2-Congress puts the UST backstop where it belongs
3-@FHFA,dissolved.HUD takes control,like since the 1968 $FNMA privatization(request reports,etc)
4-The Conservatorship is...#Fanniegate ImageImage
handed out to a Justice.FnF released in 2 days after the final decision: the JPS are refinanced(3.5%)& regrouped.FnF resume indep operations.
5-Accountability
Criminal:the SEC Chairman that ignored my complaints,the FHFA's Dtrs,CFOs,etc
Political:Pelosi, Shelby,Warner, Waters,etc
The SPS(repaid in 2013/2014 FMCC/FNMA,resp,under the Secret Plan)& the Warrant(collateral of the SPS-to protect the taxpayer-eliminated back then),cancelled in 4.
The cumulative SPS get a 0% rate due to the (illegal)collateral.
Moral Damages:
$10
$9
$5
$3.5 Image
Read 6 tweets
9 Jan
HOW FnF REFINANCE THE JPS ON THEIR OWN
FnF redeem them at their par-value($25/$50)and issue new JPS.The closest Redemption Date now is Dec 2025.
The div resumes at 7.75%.Better use the @FHFA-C's Inc Power today"in the best interests of FnF".#Fanniegate @TheJusticeDept @USTreasury Image
$FNMAS prospectus.
Other theme is that the @FHFA-C has to use its authority to regroup all series of JPS into just two series($25/$50)
We have Calabria writing regulation,even related to the case of Receivership, instead of doing his job as Conservator. Lack of empathy & a crime.
The idea that the JPS's div payments don't resume till FnF build a Capital Surplus(beyond the Adeq Capitalized threshold),contemplated in the recent rule of Capital requirement,is insane.
JPS holders are outsiders,not shareholders.Role of recap upon undercap.
Calabria,illiterate.
Read 5 tweets
7 Jan
THE SPSPA IS INVALID AS OF DECEMBER 2009
Thread explains how the @FHFA committed Securities Fraud to evade the expiration date of a Temporary Authority of @USTreasury to PURCHASE (high yield)obligations.
Also,2nd amnt to fool us:
#Fanniegate @TheJusticeDept
If it includes Securities Fraud (SPS Liq Prefr is increased,instead of issuing stocks),it's invalid since day one. The Dec2009 expiration date is the MOTIVE of this crime(evade it)
HERA's amnts of the Charter(like this Temporary Authority)are invalid too:
So,the SPSPA is invalid from day 1.
What I meant w/ the 1st tweet,is that the @FHFA/@USTreasury can't write either a new amendment to the PA(6th)or a new PA stating that the UST gets a high yield div.The authorization EXPIRED in 2009.
Only the original low cost backstop prevails.
Read 4 tweets
30 Dec 20
@Ano3020100 Yes,but the increase in the SPS Liq Preference doesn't appear in the balance-sheet since the 1Q2018,because they are all SPS increased for free (FnF didn't get the cash). They do it in order to don't post its corresponding offset (reduction of Paid-In Capital/Retained Earnings)
@Ano3020100 $20.7b Sept 30,2020. If we post the true SPS in the bce sheet,along with their corresponding offset (reduction of Retained Earnings), we have that the NW is comprised for:
$16.5b SPS
$4.2b Retained Earnings
But,taking into account the $4.2b SPS on Dec 31,2020 + offset:
$20.7b SPS
@Ano3020100 So,I've adjusted the NW as of Sept w/ the SPS pending to be increased on Dec,in order to have a more accurate view of their current NW.
On Dec,the NW will be increased with the profits(unknown today)but it's imaginary,because there'll be pending SPS increased on March+its offset.
Read 6 tweets
6 Dec 20
.@TheJusticeDept's SOLICITOR GNRL IS A SCAMMER
Shameful omnibus reply filed on Oct23 at @Scotus.
-To the Scotus-appointed amicus: he omits the Amicus' explanation of the Govt Implicit Gtee,which is the "special borrowing rights from UST.§1719(b)(c)"
Like a charlatan...#Fanniegate
...he twists the Amicus' take, who stressed the FHFA's limited Powers when acting as Conservator, but the Solicitor Gnrl refutes it signaling that the @FHFA's powers are significant, notwithstanding that he was enumerating all the powers of FHFA-R: enforce policies,overseer of...
...the mortgage mkt,etc).This is because he spent 10yrs stating that HERA grants the conservator unlimited powers("sweeping grant of powers"),something that the Professor slams.
-To the JPS holders, the Solicitor Gnrl replies that the FHFA didn't wield any Executive Power when...
Read 10 tweets
6 Dec 20
Another shameful VW's article paid by Pagliara,who erroneously claims that FnF are allowed to retain $25b of Capital Reserve. It's $45b(25 $FNMA),but FnF ARE NOT building Capital Reserve($0)but NW,since the new SPS reduce Retained Earnings.Liar!#Fanniegate @TheJusticeDept @Scotus
$0 is the Capital Reserve built since the 4th amnt,Dec2017.FnF built NW=$35b SPS
Core Capital on Sept2020:
$FNMA/ $FMCC:-$106b/-$60b
With the adjustment pending due to SPS missing,C.C.=$-123b/$-71.2b
With the SPS on Dec2020:$-127.2b/$-73.6b @TheJusticeDept
Evidence that FnF built $0 Capital Reserve since the 4th amndt.
The ending bce C.C. today in FMCC must coincide with the C.C. it had on the 1st quarter after the 4th amdmnt.
FMCC's C.C. today(w/ the SPS of Dec)=$-73.6b
1Q2018=$-70.2b -$3b SPS missing-$0.2b CECL adjustment=$-73.4b
Read 5 tweets

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