En Banc denial repost by Bill Ackman ... Bill Pulte needs to ORDER FHFA Lawyers to accept this LONG OVERDUE COURT ruling for Shareholder Justice ! 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
@pulte Fannie and Freddie are fine tuned money generating machines. The two fortune 500 companies do no belong on the OTC exchange! Uplist and release them! Conservertaorship was suppose to be temporary, not 18 years!!!
Whatcha gonna do when shareholders run wild on you?!
Hulk Hogan just body slammed Bill Pulte and the FHFA’s pathetic En Banc petition into the dirt.
D.C. Circuit didn’t even waste time zero judges asked for a vote.
Petition dead. Jury verdict stands.
Shareholders just put the boots to the net worth sweep.
#FNMA #FMCC #Hulkamania #EnBancDenied #PulteGotSlammed #FannieMae #FreddieMac
@TRothell62855@realDonaldTrump Hard to debate you on this, I’ve said this many times, he can’t be Trusted now. He & his boys, Howard Lutnick have gotten filthy rich in the last 20 months!
I’m a 3Xer, it’s hard to defend his lying ass !
Unfortunately $ does amazing things to certain individuals minds!
Trump says we’re building “more factories and plants right now than at any time in our history.”
Factory construction hit a historic record under Biden and has fallen 31% since Trump took office.
My @Morning_Joe Chart
Putin doesn’t want peace. Putin wants Ukraine. Enough is enough.
President Trump should rescind the diesel deal with Russia and use the Lindsey Graham Sanctioning Russia Act to impose harsh sanctions on nations purchasing Russian energy, work with our allies to ensure Ukraine has the military support it needs to repel and defeat this Russian invasion once and for all. Slava Ukraini🇺🇸🇺🇦
Thanks Alec for sharing.
Hopefully this win opens the door for the government to work with shareholders on a settlement that's fair for everybody – end the endless conservatorship and outstanding litigation.
Time to move forward. $FNMA $FMCC
@FHFA will:
1. Petition SCOTUS last second
2. Draw out clock & you find out last second they didn't Petition SCOTUS
3. "IF" they don't file & choose to tell you about it earlier than 90 days it means they are acting on F2 resolution (least likely, but possible)
$FMCC $FNMA
This en banc denial is great news for Fannie Mae and Freddie Mac shareholders. I'm still amazed that contract breach claims had to go through a never-ending cycle of appeals by the government over something as basic as this: the shareholders of publicly traded companies never expected the Net Worth Sweep—the government under the Obama administration taking every dollar of profits forever—when the companies were entering the 'Golden Age of Profitability,' as stated by Fannie Mae's own CFO at the time. @pulte
@pulte, fighting shareholders in court while preaching “war on fraud” is a fraud on everyone you promised. Not one judge would even vote to rehear it. Stop wasting taxpayer money on lawyers. Pay up, fix the SPS, relist. $FNMA $FMCC
I have no insider info, but this news is likely responsible for the positive $FNMA and $FMCC sentiment.
While generally positive for us, this decision does not resolve the variables that determine actual value for FNMA/FMCC holders:
The treatment of Treasury’s senior preferred position, Treasury’s warrants, required capital and any future equity raise, dilution of legacy common, preferred conversion, exchange, reinstatement, or continued subordination, nor the timing and terms of any conservatorship exit.
Shareholders now have precedence to claim the prior FHFA NWS was premeditated and illegal, acting outside of fiduciary responsibility - it’s clear from internal comms this was a divisive move to extend conservatorship and divert profits away from the companies $fnma $fmcc
This is great news, but it proves another point. All of the selling and carnage on the share price is caused by low information panicans. The share price is not materially up. If institutional investors were actively trading in the stock this type of news would have driven a substantial move upwards.
🚨 The en banc DENIAL IS MASSIVE
They did not just reject FHFA’s en banc petition in Fairholme not a single judge even asked for a vote. No debate. Flat-out no. The argument did not even warrant discussion. 😂
$FNMA $FMCC