Tim Dillen

Fighting for the rights of shareholders, exposing the illegal conservatorship and govt theft of Fannie Mae & Freddie Mac (#FannieGate).

[Tim Dillen @timdillen1]

“The Shareholders are entitled to Declaratory Judgement” “vacating the Third Amendment” $fnma #fanniegate

[Tony Castelluccio @T_Castelluccio]

.@MarkCalabria Claims in GSE lawsuits being brought fwd in most of the Major Court cases are Derivative claims(behalf of COs), why hasnt @FHFA & COs filed suit along side shrhldrs against the Treasury? if FHFAs duty is to restore the GSEs, isnt part of their duty to file a claim?

[Michael Kao @UrbanKaoboy]

Re: Fannie/Freddie-Dissecting Penn’s White Paper. Susan Wachter, a co-author, has been talked about as a potential replacement for MC. Was therefore glad to see that the paper 1) supports a privatized utility model over the status quo, 2) suggests that 4% cap reqs are too high.

[Doc Cartoon @30yrdream]

New Tim Howard
Tim discusses why he believes Secretary Mnuchin failed to deliver on his promise to get the GSEs out of gov control “reasonably fast”& explains why he thinks the chances of accomplishing this goal during the Biden admin should be much better
https://t.co/bQdStPYt5E

[ACG Analytics @ACGAnalytics]

Shareholders of Fannie Mae, Freddie Mac will be 'vindicated' in May: ACG Analytics managing partner https://t.co/Cj41SIZ9vZ

[Hannah Lang @hannahdlang]

Sen. Toomey asks Yellen if she's had a chance to look at the PSPA amendment. "I need to look carefully at what's been put in place" she says, adding that "ultimately we need to find a solution that has bipartisan support." Says she will give priority to studying the issue.

[InvestIt @FNMA_RRR]

$FNMA $FMCC $FNMAS
👇👇👇👇👇👇👇

[joshua rosner @JoshRosner]

#FSOC's @stevenmnuchin1 & @MarkCalabria abdicated all responsibilities - Did not reduce systemic risks, left the two largest fin. companies w/o real capital, violated #HERA's conservatorship independence clause. Then it screwed #affordablehousing & #renters during a #pandemic.

[Michael Kao @UrbanKaoboy]

@T_Castelluccio @RobMSimone It might not look like it, but JPS stance has improved here. This document has acknowledged that JPS is the key to unlocking this escrow account.

[Free Fannie @FreeFannie]

Treasury Department announced changes Thursday that allow Fannie and Freddie to retain their profits to build up hundreds of billions of dollars in capital, in effect indefinitely suspending dividend payments they make to the @USTreasury $fnma $fmcc
https://t.co/I0zCtZlCjc

[Tim Dillen @timdillen1]

$fnma #fanniegate

[n00bri🅰️n @n000brian]

FHFA, Treasury agree to let Fannie Mae and Freddie Mac retain earnings https://t.co/AFtiBZEEtv

[Bloomberg @business]

The Trump administration has set a path for releasing Fannie Mae and Freddie Mac from government control, but Biden will get to decide whether to take it https://t.co/ZxxOAnUSZb

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Michael Brown @MichaelBrealtor]

According to Lou Dobbs on FOXBusiness. Trump is the declassifying all articles relating to Obama gate. Big news for the GSE’s. #fanniegate #obamagate

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Katy O'Donnell @KatyODonnell_]

Per senior Treasury official, Biden team was looped in: Mnuchin met with Yellen to discuss the revised agreement

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Michael Kao @UrbanKaoboy]

All of which suggests to me that Tsy fully expects to lose at SCOTUS and wants to pressure JPS into settling derivative claims.

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Michael Kao @UrbanKaoboy]

Furthermore, the litigation settlement explicitly carves out litigation amounts of "less than $5 bn" which we know is the approximate amount of direct claims that will NOT settle regardless of SCOTUS.

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Michael Kao @UrbanKaoboy]

We all know 3% Tier 1 cap req is meaningless without SPS forgiveness, BUT we also know that Yellen WAS indeed consulted on this, which corroborates the rumor I heard that Yellen "gave the nod" for 1:1 SPS forgiveness per dollar raised.

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Michael Kao @UrbanKaoboy]

Re: Fannie/Freddie-Cake More Fully Baked Than You Think. Still digesting, but here goes: 1) Liquidation pref keeps growing which sounds bad, BUT here's the tell: 2) they're setting a 3% Tier 1 capital requirement AND 3) litigation settlement as an exit precondition...con'td

[Tim Dillen @timdillen1]

$fnma #fanniegate

[Compound248 💰 @compound248]

Mnuchin gave @JanetYellen quite the setup.

In her shoes, I'd be pushing hard to settle - I wouldn't want to oversee a $125 billion loss to a bunch of hedge funds.

OTOH, Mnuchin created a dark enough path for the litigants that it also pressures them to settle.

We shall see...