The biggest FRAUD in US history. $FNMA $FMCC @realDonaldTrump@SecScottBessent@howardlutnick@BillAckman
During the 2008 financial crisis, Fannie Mae and Freddie Mac (government-sponsored enterprises, or GSEs) were placed into conservatorship by the FHFA. The U.S. Treasury provided massive financial support through Senior Preferred Stock Purchase Agreements (PSPAs), initially entitling Treasury to a fixed 10% dividend on its senior preferred shares plus warrants for up to 79.9% of common stock.
In August 2012, the FHFA (as conservator) and Treasury amended the PSPAs via the Third Amendment. This replaced the fixed dividend with the Net Worth Sweep: Fannie and Freddie must pay Treasury quarterly dividends equal to nearly their entire net worth (minus a small capital buffer), sweeping all profits to the government. This has funneled over $150 billion in excess dividends to Treasury beyond the original terms, while preventing private shareholders from receiving dividends or benefiting from profits, even as the companies became highly profitable. The GSEs remain in conservatorship (intended as temporary) over 15+ years later.
• A jury trial occurred in July-August 2023.
• On August 14, 2023, after deliberations (reports vary from 8-10 hours), the jury reached a unanimous verdict (described as 8-0 or fully unanimous in sources) in favor of the shareholders.
• The jury found that the FHFA, by agreeing to the Net Worth Sweep in 2012, breached the implied covenant of good faith and fair dealing inherent in the shareholder contracts (e.g., stock certificates).
• This breach occurred because the FHFA acted “arbitrarily or unreasonably,” frustrating shareholders’ reasonable expectations and harming them by diverting profits away from private investors.
• The jury awarded $612.4 million in damages ($299 million+ for Fannie preferred, $281 million+ for Freddie preferred, and $31 million for Freddie common).
This was a landmark win for shareholders—the first major jury verdict against the government in these long-running Net Worth Sweep disputes.
The SAVE America Act won majority support during our vote-a-rama this week.
That PROVES the Senate could get this PASSED if we BLOW UP the filibuster.
The filibuster is the only thing standing in the way of secure elections. Let’s fix that.
If you’re celebrating Fox News finally talking about H-1B fraud from India.
Then I hope you’ve already watched Tyler Oliveira’s documentary exposing how the operation works.
As a reminder, Fox News isn’t your friend.
Independent Journalists like me and Tyler are your friend.
The uniparty spent us into a $40 trillion deficit. My Six Penny Plan trims six cents per dollar, every year for five years, and balances the budget. It's time Washington finally lived within its means.
🚨 OMG. A MASSIVE India H-1B visa fraud ring has just been busted...nearly 90% PERCENT of India's visa applications contain FRAUDULENT INFORMATION
100,000 THOUSAND counterfeit certificates have been seized 🤯
"Law enforcement in India claim it has uncovered a network of universities that produce fake degrees which were possibly used to obtain these high skilled H1B visas, including one school which allegedly stole over 36,000 fake degrees. It cost as little as $1,400 for one of those."
"And while these are supposed to be high skilled employees during almost all of Biden's time in office, 83% got junior or entry level positions."
This is INSANE! SHUT DOWN THE H-1B SCAM!
@KenPaxtonTX is now going after this in Texas 🔥
@kayleighmcenany@SatAmericaFNC
🇺🇸🇮🇳 Rishi Shah and Shradha Agarwal were sentenced to 7.5 years for the $1 billion Outcome Health scam.
They stole $1 billion from American healthcare and investors.
This is the real reason crime is down in Los Angeles
Samantha lives in LA and has had to call 911 for the police four times
Call 1: A homeless person was trying to break into her apartment building. She was outside of her building while it was happening. She called 911, “I was placed on hold for about 10 minutes, and then they told me that since the person was homeless, they would not be sending the cops out, that they would try to get like homeless intervention people out, and it would take no less than an hour”
This was no help
Call 2: This one's really messed up. She watched a 80 year old man “get the sh*t beat out of him” by like a 20 year old. “Like bad, repeatedly, and this kid had his phone out the whole time, was recording it, like beat the shit out of this old, old, old man in the middle of the street, in the middle of Sunset Boulevard. This old man is like lying there bleeding everywhere, and I called the police and nobody came.”
Call 3: Her car was being broken into and someone was attention to steal it. “I waited on hold for 40 minutes before someone picked up and said, "Oh, you have to do that online." She was told how to categorize the incident. They told her wrong and it her police report was rejected. She called back and they said “There’s nothing they can do” and “nothing will be done”
Call 4: “A tweaker was loitering and tweaking outside my apartment for hours and eventually trying to break into it” After he was in the process of trying to break in she called 911 and after 3 hours nobody showed but but they called back to check on her. The man was gone, the cops didn’t help
Crime rates aren’t down in Los Angeles. Residents are just no longer reporting them because this is the response
We see this over and over again
Even Bill Maher admits California is completely FKED UP:
"In 39 days we will know the winner. Oh no, that's the mayor of LA.... What a fu*ked-up state this is... Eric Swalwell got 19,000 votes. Who are these people?"
California is a national joke.
Mitch McConnell voted against the SAVE America Act.
Against his constituents.
He has no clue where he is.
So who actually voted?
He’s been in the Senate for 40 years.
He’s the embodiment of everything wrong with Congress.
Congress is not meant to be a crooked nursing home.
I asked Trump if a sale of shares for Fannie and Freddie was off the table with FHFA’s Bill Pulte picked to serve temporarily as acting director of national intelligence.
“No, it’s not. We’re thinking about an IPO for that. It’s not a rush.”
Yesterday, I received an official mail ballot at my Washington apartment for a woman I’ve never heard of.
I’ve rented this place since I got elected OVER A YEAR AGO.
All anyone would need to do is fill it out, sign it, and send it back.
Democrats are stealing elections every day.
PASS THE SAVE AMERICA ACT!