THE EQUITY HOLDERS URGE @Scotus TO IMPOSE PUNITIVE DAMAGES
Besides Moral Damages.
The delay,the Secret Plan and multiple crimes aim at stock price manipulation,not just for the Govt cronies that buy cheap stocks,but also a way to create wealth for the people.COMMUNISM.#Fanniegate
No one files a report 13D Beneficial Ownership,despite being compulsory(SEC rules)regardless of rights.
We rely on different websites that inform about the Institutional ownership,but not all post the same.
-The largest ETF in the world, SPDR S&P500,owns a 1% stake in $FNMA.Also,
the ETF iShares Core S&P500,managed by BLK(source:Fidelity)
-The @USArmy owns 15% of FNMA directly,7% through Mutual Funds & ETF,because that's the position of Vanguard/BLK,the 2 institutions that I bet are used by @DeptofDefense/ Congress to buy stocks & boost the GDP:Pagliara👇
-To know the ownership of Pershing,we have to go to CNN's website. It owns 9.98% of FNMA directly and 8.74% through a closed-ended hedge fund.
Fidelity says that all the Mutual Funds are Institutional Funds(for pension funds,etc),i.e.,the retail investor is barred from investing.
I looked up the Growth Fund of America Inc and it doesn't own commons, so the one that owns commons maybe has a different class of shares than the one posted on the website of Capital Group, that states that it holds 6 series of Preferred Stocks at mkt value(2020)of $863mll, with
an estimated par-value of $3 billion. And this opens up another conspiracy because the delay, Secret Plan,etc, aim also at allowing the pre-2008 holders of the illiquid JPS to switch them for common stocks and evade the damage of missing dividends,as the Commons have more upside.
E.g.,@ICBA claimed in 2010 that its members(5,000 Community Banks)owned half the total JPS outstanding in 2008.
I bet that, among the pre-2008 investors,only a few retail investors are still holding JPSs.
All the lies about "roadmap",@FHFA:"FnF leveraged 1,000 to 1",receivership,
etc,have the objective to encourage more people to buy the illiquid JPS.
So,this a Govt scheme to spread wealth among the people.Institutional Investors can be the unfunded Pension Funds from the State/Local Govts,but retail investors buying ETF will have a pleasant surprise too.
OUTRAGEOUS. Many investors have been deprived of disposing of their property valued at their fair value,because of this Communist scheme of stock price manipulation to create wealth for some privileged/badly managed institutions,chamber investors, Mutual Funds for politicians,etc
Punitive damages are intended to increase deterrence when the enforcement of law is otherwise weak.Fanniegate is the perfect example of when this penalty must be imposed,in addition to Moral Damages.The overall amount can be a percentage of the fair value,as it's what the holders
have been deprived of. Like occurs with the payment of remedies in a case of fraud in the sale of securities,the damage is a %(usually 15%)of the amount damaged.
Common Stocks:10% of the fair value
JPSs:20% of the par value(the lack of div is more harmful)
@TheJusticeDept @Scotus

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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
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
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
$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
8 Jan
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
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

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