margaret

@Mrdecent000 Pleeze-that is like asking who is the ugliest outhouse on earth

Do you think JD Vance is America’s greatest Vice President we have ever had ? YES or NO ?

@OpenWaterP2P2P @gtconway3d WA WA WA WA

@gtconway3d Is that what you say every time you look in a mirror?

You're a vile idiot.

@HestonChurchill @gtconway3d think you have it backwards gop law is fascist. I know it is hard for the magatard brain to work!

@gtconway3d Democrat hyena-law is not law, it's fascism.

@gtconway3d The only one with fake outrage is you Todd Blanche. Sounds like you are campaigning for pami jo's job. You have not cleaned house you have turned the DOJ into a cesspool of corruption. The Trump WH should be called the trump/epstein outhouse!

@jaketapper What is depraved is that a$$hole Watters is sinking fast. He likes to think he is the next Tucker but no. His arrogance, smugness and disdain for all people is growing faster every day. The magatards who get brainwashed by his giant LIES LIES are pretty pathetic.

This is truly depraved. Savannah’s and her family’s pain isn’t fun and glib “content.” For the love of God, the irresponsible speculation and just making shit up and acting like details never revealed before suggests a conspiracy is sick and inhuman.

@kaitlancollins Talk about crazy. He claims he is not signing anything until His SAVE act is passed. Dems counter 3-4 different times -we will pay but no more money for ICE. And now trump comes flying in on his bat sh-t crazy wings "to save the day"directing his phoney baloney plumber to pay!!

President Trump says he's signing an order instructing the new DHS Secretary Markwayne Mullin to "immediately pay our TSA agents," adding he won't allow Democrats "to hold our country hostage any longer."

@RpsAgainstTrump This guy has been full of BS since the day he was born!!!!!!!

Dershowitz: Had Trump been in charge in 1936, I think the Holocaust would have been prevented. I think he would have gone after Nazi Germany; he would have destroyed it the way he is destroying Nazi Iran.

@BillAckman @GovPritzker In this day and age everyone thinks they are owed something. All behavior is OK and then they feel that something is owed to them. Nope. Trump has taught this world and certainly young men that take what you can and apologize for nothing.

.@GovPritzker you also owe this man and his family an apology.

@BillAckman Well a classic BS explanation why the rich should be richer -ALL ABOUT THE MONEY!!!!!!!

A number of press reports have characterized our and other shareholders’ efforts on behalf of Fannie and Freddie (F2) as seeking a ‘gift’ or ‘handout’ from the government. We, the shareholders of F2, seek no such thing. Hundreds of financial institutions were bailed out during the GFC by the U.S. Treasury. Nearly all of the financial institution bailouts during the GFC involved an injection of capital in the form of senior preferred stock by Treasury at an interest rate of 5%, plus warrants to acquire common stock in an amount equal to 15% of the face amount of the preferred with an exercise price at the then-current stock price of the rescued institution. For example, Treasury’s preferred stock investment in Goldman Sachs was in an amount of $10 billion and, in addition, Treasury received warrants on $1.5 billion of GS' common stock at its then market price. The bailout terms for F2 were materially more burdensome and expensive, with a higher interest rate and substantially more warrant coverage, than that of every other financial institution (other than those of AIG whose terms were similar). Despite the F2 bailouts’ massively more burdensome terms, shareholders are not complaining about the original terms. Treasury invested $193 billion in F2 in the form of senior preferred stock (SPS), including funding for $2 billion of commitment fees, with a 10% coupon (twice that of the banks). Treasury also received warrants on 79.9% of both companies’ outstanding shares. Fannie and Freddie have since repaid Treasury $301 billion, which includes interest on the SPS at a blended rate of 11.6%, an interest rate which is 160 basis points more per annum, and have returned the entire $193 billion of outstanding principal, $25 billion in excess of what was contractually owed. In summary, the F2 SPS has been fully repaid according to its original contractual terms plus an extra $25 billion. Despite the fact that the SPS has been more than repaid in full, Fannie and Freddie have not accounted for these payments on their respective balance sheets, and the $193 billion of SPS remains an outstanding liability as if no principal payments had ever been made. How can it be, you might ask, if indeed F2 have repaid $301 billion to Treasury when only $276 billion was due could there be any remaining balance of the SPS on the F2 balance sheets? The answer relates to something called the ‘Net Worth Sweep (NWS).’ During the second term of the Obama administration, on August 12, 2012, two quarters after F2 returned to profitability, Treasury announced that it was unilaterally amending the terms of the SPS stock to provide that Treasury would take 100% of the profits of F2 each quarter in lieu of the 10% annual dividend rate. This was not a negotiated resolution with F2. It was a unilateral amendment of the original terms of the SPS that was done in bad faith. The supposed rationale for the amended terms of the SPS was akin to the IRS garnishing the wages of someone who will never be able to pay the taxes that they owe. That is, the Treasury said F2 will never be able to pay the 10% coupon, let alone the SPS’ $193 billion principal balance, so it decided instead to ‘settle’ for 100% of F2’s profits forever. In discovery, shareholders learned that the stated justification for the amendment was false. In mid 2012, the Obama administration had come to learn that both companies would soon be reversing tens of billions of reserves on their balance sheets as housing values had increased and the reserves taken during the GFC had been excessive. The NWS was instituted by Obama to forestall F2 from forever being able to recapitalize and be released from conservatorship. The NWS was not a ‘settlement’ for a lesser amount of future payments. It was the outright theft of the forever profits of both companies. Never before or since has the government ‘swept’ 100% of the profits of any company, let alone a financial institution in conservatorship, a form of government intervention where the goal is rehabilitation of the institution, and where the hierarchy of corporate claims has always been respected. The accounting for the NWS payments while it was in effect (until Secretary Mnuchin terminated the NWS in Trump’s first term) was also unusual. The NWS was treated by F2 as a quarterly adjustment to the dividend rate on the SPS such that the dividend amount owed was made equal to the after-tax profits of F2 for that quarter with no limitation. In other words, regardless of the amount of profit F2 generated for the quarter – whether or not it was in excess of the original 10% annual dividend – the dividend payable under the NWS was made equal to the quarterly profit. The absurd terms of the NWS sweep therefore made it impossible for any partial or full repayment of the SPS to take place as every dollar paid to the Treasury on the amended terms of the SPS was considered a dividend payment, even if the amount was massively in excess of the original contractual SPS terms. The absurdity of the NWS was made clear just two quarters after the NWS went into effect. Fannie Mae generated a profit of $59 billion in the first quarter of 2013, and the SPS dividend rate for that quarter was set at $59 billion so the entire amount was swept to the government, more than 10 times the contractual dividend rate. I had the opportunity to discuss F2 and the NWS with Warren Buffett about a decade ago and he said that he “couldn’t believe what the government had done.” In short, the shareholders of F2 are simply asking the government to respect the original and highly burdensome terms of the SPS. There is no dispute that Treasury has received more than the original 10% coupon and full repayment of principal of the SPS, that is, an extra $25 billion. We and the millions of other shareholders of F2 are simply asking the administration to honor the original SPS terms and properly account for the $301 billion of payments, thereby eliminating the SPS liability from both companies’ balance sheets. Shareholders have not asked for the extra $25 billion to be returned to the two companies. Treasury can decide whether to keep those funds or return them to the companies. Accounting for the repayment of the SPS has other important implications. Namely, it is critically important that conservatorships respect the rule of law, in particular, the contractual terms of corporate instruments and the hierarchy of claims. Otherwise, no financial institution that gets into trouble will be able to raise rescue capital in the private markets. Notably, the treatment of F2 in conservatorship explains why Silicon Valley Bank and other recent large bank failures since the GFC were unable to raise private capital and avoid government intervention or a forced sale to J.P. Morgan. If the government with the stroke of a pen during conservatorship can at a whim wipe out common and preferred shareholders, no one is going to step in to try to save a financial institution that gets into trouble, and only the top few banks will be possible rescuers of big banks that fail. Furthermore, because of F2’s history, their reputation in the capital markets has been greatly damaged. F2 raised $22 billion of preferred stock in the year or so prior to conservatorship as the government pressed both companies to raise capital. Institutions were willing to invest billions of dollars of capital into both institutions before they failed because, based on all precedent conservatorships, the contractual terms of all financial instruments and the hierarchy of claims had been preserved. Unfortunately, in light of the precedent of the net worth sweep, no investor can be confident that they won’t be wiped out in a future conservatorship so none has been willing to take the risk. Some have proposed that Treasury simply convert the SPS into junior preferred and common stock and massively dilute shareholders. Putting aside the potential legal challenges to this approach, the result will be that Treasury will at best own something approaching 95% of both companies rather than 79.9%. While the government’s percentage ownership stake would be larger in the SPS conversion approach, the value of the government’s larger stake would be considerably lower as the companies would become un-investable. Who would invest in F2 alongside the government when they just wiped out the previous owners? In the SPS conversion scenario, the government’s stake, at best, if it could be sold, would trade at a massively discounted valuation, well below the value of the government's stake if Treasury retained only its contracted for 79.9% stake and respected the original terms of the SPS. In other words, a slightly smaller ownership stake of much more highly valued companies would equate to considerably more value for Treasury and taxpayers. In a public letter to Rand Paul after his first term in November of 2021, President Trump recognized that the net worth sweep was theft from the shareholders of Fannie and Freddie. He wrote: “Another Obama/Biden scam in legal trouble was when they allowed the Federal Housing Finance Agency (FHFA) to steal the retirement savings of hardworking Americans who had invested in Fannie Mae and Freddie Mac…The idea that the government can steal money from its citizens is socialism and is a travesty brought to you by the Obama/Biden administration. My Administration was denied the time it needed to fix this problem because of the unconstitutional restriction on firing Mel Watt. It has to come to an end and courts must protect our citizens.” I couldn’t have said it better than President Trump. Now that you have the time, Mr. President, let’s Stop the Steal!

@donwinslow The only wrongs committed is you abusing the military with your non stop drunk frat boy big mouth.

He is a car salesman. He is a bad infomercial. He is a clown. IMO

@RhondaGarad What a pathetic demonstration of total stupidity on the part of hegseth and trump and of course Bari Weis thinking that the US will always come to the aid of the jews when the US has kids starving living in slum landlord buildings, and playing on concrete piles of greed!!!!!!

What a tragic waste of these young people.

@BillAckman Mamby Pamby Ackerman walks around with his head up trumps butt not thinking that anyone gets punched on the subway in NYC. Yep-the guy got punched, got up, walked around talking on his phone and then collapsed. Who is the woke jerk Ackerman!

This can’t be true.

@GavinNewsom Now it is time for you to go to trial, be convicted and spend the rest of your life in jail for MURDER

Good riddance. You ruined lives. Spread fear. And spewed hatred. If you’re remembered, it will be as the smallest man who ever lived.

@AnneAwayman @Evelynm57864806 @kaitlancollins another russian bot person

@Evelynm57864806 @kaitlancollins Typical dramatic Dem comment

Trump: "Moments ago, at my direction, the United States Central Command executed one of the most powerful bombing raids in the History of the Middle East, and totally obliterated every MILITARY target in Iran’s crown jewel, Kharg Island."

@Evelynm57864806 @kaitlancollins this is trumps and the frat boy with a bad haircut CAll Of Duty video game in theoval office. Zero thoughts as to tomorrow and Iran will outplay him with closing the STraight of HOrmuz for 3-4 weeks and totally collapse the economy. Watch the shit show happen.

@kaitlancollins Moments before he wrote that,he’d never even heard of Kharg Island I assure you.!!All this war stuff,is just a fantasy of his,to become the actual leader of the whole world,no matter the consequences.!!This Evil Madman is off his head now with such a powerful army at his side.!😢

@Butterfield6 @kaitlancollins This is a russian bot

@kaitlancollins Never underestimate President Trump, he's always got an ace up his sleeve. No doubt the Democrats will be critical of this - funny how most of their Senators seem to be on the side of Iran.

@Butterfield6 @kaitlancollins trump is not smart enough to even know How to find the ace in the deck unless it has MONEY ringing bells on.

@Christo12919382 @kaitlancollins @RealNews3362 more pocket money while he blows up the middle east at BB's request.

@kaitlancollins @RealNews3362 Yeah whatever...

@kaitlancollins Trump is such an a$$hole. The Iranians have out trumped Trump on this one. They keep the Straight of Hormuz closed for 3-4 weeks causing total economic collapse. Every country in the world knows this, aswell as the a$$hole in chief.

@NeilJRyan220009 @BillAckman @CNN @X CNN has gone to hell in a handbasket and to think you ackerman support the unaliving of 168 kids and 14 teachers is OK is pretty pathetic but let us now face the truth Israel is just another terrorist country, no gas chambers but just getting trump to drop their bombs for them!

@BillAckman @CNN @X Bill, CNN will soon be owned by your cronies,the Ellisons. I am sure they will just as you say.

This is really bad @CNN. An apology should not be buried on @X hoping your core audience won’t see it.