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FHFA “Cease and Desist” Conservatorship over Fannie Mae

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PUBLIC NOTICE  – FOR IMMEDIATE RELEASE

By  Star Moffatt, CEO & Founder / Investigative Journalist / Palmdale, CA (Moffatt Media) —

Federal Housing Finance Agency | Washington D.C. DC

FHFA “Cease & Desist” Conservatorship over Fannie Mae & Freddie Mac

October 16, 2024, Wednesday

SENT VIA EMAIL

[email protected]

[email protected]

Sandra L. Thompson, Honorable Director 

 RE: RIN-2590-AB34 – DOC #2024-19261- Federal Housing Finance Agency (FHFA) – Conservator of Fannie Mae / Freddie Mac

 

 

Dear Ms. Thompson, Honorable Director & (FHFA):

Taxpayer’s … OPPOSE (FHFA) 2025-2027 Benchmark Housing Goals Omits 16 year TERMINATION of CONSERVATORSHIP 

Moffatt Media (OPM) Federally Recognized Taxpayer Watchdog News, on behalf of Taxpayer’s, Shareholder’s, Retiree’s, & Veterans submit a public comment to OPPOSE (FHFA) 2025-2027 Benchmark Housing Goals.  

Why:  Because FHFA’s projected 2025-2027 Housing Goals OMIT to include ANY benchmarks for TERMINATION of CONSERVATORSHIP against Fannie Mae and Freddie Mac corporations.

          Moffatt Media on behalf of Taxpayer’s, Shareholder’s, Retiree’s, & Veteran’s DEMAND, that (FHFA), immediately Cease & Desist CONSERVATORSHIP against Fannie Mae & Freddie Mac, inclusive within FHFAs 2025-2027 Housing Goals. DOC #2024-19261

Recall (FHFA) your role is of an administrative agency and that’s it!  However, only as a mere administrative agency,  you  imposed  CONSERVATORSHIP against Fannie Mae and Freddie Mac corporations, who have NEVER been criminally indicted or convicted of committing any crimes against the United States of America, Taxpayer’s, Shareholder’s, Retiree’s & Veteran’s.   

         Thus, the United States Supreme Court has sounded its horn about administrative agencies, which would include (FHFA), in two recent decisions of the United States Supreme Court expose, and now declare unlawful, administrative agencies such as: (FHFA), that take actions against Taxpayer Citizen’s … that affect their private rights.  SEC v. Jarkesy, 144 S. Ct. 2117 (2024); and Loper Bright Enters. V. Raimondo, 144 S. Ct. 2244 (2024).

Note throughout this Public Comment Demand Letter “Cease & Desist,” document,

Fannie Mae and Freddie Mac, will be referenced:  Fannie/Freddie

Treat this timely Public Comment being submitted before  (FHFA), on behalf Shareholders, which make up: Taxpayer’s, Retiree’s, & Veterans, do OPPOSE FHFA’s 2025-2027 benchmark goals.     

Proper administrative guidance, not punishment should be the goal of (FHFA) moving forward with terminating Conservatorships against Fannie / Freddie and inclusive of your 2025-2027 Housing Goals!

Recall in the year 2008 and now fast forward 2024, Shareholders have been denied their Shareholder Rights to Vote, for the continued Conservatorships against Fannie/Freddie.   Another denial of Shareholder Rights to Vote within FHFA’s proposed 2025-2027 Enterprise Housing Goals, is a smack in the face among all Shareholders by not valuing Shareholders.      https://www.investopedia.com/terms/s/shareholder-value.asp

Without the Shareholders best interest corporations like Fannie/Freddie would not exist, because Shareholders contribute revenue for reinvesting, building up and expanding continued growth of corporations such as:  Fannie/Freddie.  Shareholder’s do in fact have a value to Fannie/Freddie and should not be excluded from FHFA’s 2025-2027 Housing Goals projected benchmarks. 

         This public comment has a nexus to:   RIN-2590-AB34. Entitled: 2025-2027 Enterprise Housing Goals. Proposed Rulemaking, 12 CFR Part 1282 “as required by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992.” 

Source Link: https://www.fhfa.gov/regulation/federal-register/proposed-rulemaking/2025-2027-enterprise-housing-goals

There has never been ANY criminal liability imposed against Fannie or Freddie and as such (FHFA), your Conservatorship actions from 2008 through 2024, now 16 years imposed, is only a mere administrative action against Fannie/Freddie. 

Therefore the Conservatorships against Fannie / Freddie has been without good cause, illegal and warrants immediate TERMINATION of CONSERVATORSHIP imposed against Fannie/Freddie.     

        Furthermore, Taxpayer’s, Shareholder’s, Retiree’s & Veteran’s also issue this Demand Letter against (FHFA) to Cease and Desist the unconstitutional pattern and practice of sweeping over profits into the United States Treasury, without consent of Taxpayer’s, Shareholder’s Retiree’s & Veteran’s.  Because the sweeping of Fannie Mae and Freddie Mac profits are being done on an administrative Federal Conservatorship level, that is not in compliance with the Federal Administrative Procedure Act (APA).  

       (FHFA)  your proposed 2025-2027 Housing Goals have actually been ongoing and in origin from the actual 2008 HOUSING AND ECONOMIC RECOVERY ACT, better known as HERA, that was imposed on Fannie / Freddie.

      Yet the HERA Act of 2008 seems nothing more than a taking of corporations Fannie / Freddie, with an illegal regressive redistribution of Profits.  Banks got bailed out while Taxpayer’s, Shareholder’s Retiree’s & Veteran’s and Disabled got wiped-out. 

      More importantly, the ongoing sweeping of Fannie Mae and Freddie Mac profits are being done in conflict with two recent landmark U.S. Supreme Court cases that will be depicted below in more detail.   

     Fannie Mae and Freddie Mac Taxpayer’s, Shareholder’s Retiree’s & Veteran’s OPPOSE FHFA’s 2025-2027 Enterprise Housing Goals, for failure to include at least a proposed benchmark to TERMINATE Fannie Mae and Freddie Mac from Conservatorship 1st Quarter ending 2025.  The same Conservatorship that did not have a reasonable minded term Conservatorship for the true meaning of “Temporary.” Conservatorship.   Instead having a “Permanent” Conservatorship of 16 years now (2008-2024) and round up 20 years.  

     Furthermore Government documents do NOT indicate there was a public Shareholder vote for the government administrative agency named: Federal Housing Financing Agency (FHFA), to impose (2008-2024) Conservatorship against Fannie Mae & Freddie Mac.

WHEREAS SHAREHOLDERS of Fannie Mae and Freddie Mac, do agree and demand that (FHFA) immediately “Terminate” the sixteen (16) year Conservatorship against Fannie Mae & Freddie Mac.

WHEREAS SHAREHOLDER’S do agree (FHFA) to IMMEDIATELY “Cease & Desist,” sweeping all profits of Fannie Mae and Freddie Mac, into the U.S. Treasury, without good cause and without a National Emergency being declared from 2008 to presently 2024. 

WHEREAS SHAREHOLDER’S do collectively agree that (FHFA) “Cease & Desist” sweeping schemes of Shareholder Dividends into the U.S. Treasury, because from 2008 to presently 2024, there has not been ANY U.S. President to justify Dividend sweeping schemes via through a National Emergency. 

      This document is a Taxpayer’s, Shareholder’s Retiree’s & Veteran’s demand that (FHFA), cease and desist the unconstitutional practice of an Administrative Conservatorship over the Fannie and Freddie from 2008 to present October 2024. Because the Conservatorship did not receive ANY approval from Shareholders … within the Fannie or Freddie corporations.  

       Do you know (FHFA), that all administrative agencies whether in the executive, judicial, or legislative branch have been stripped of authority to adjudicate the private rights of Taxpayer Citizen’s by the United States Supreme Court?  

 

DEMAND IS MADE UNDER THE AUTHORITY TWO RECENT UNITED STATES SUPREME COURT CASES 

     Two recent decisions of the United States Supreme Court expose, and now declare unlawful, administrative agencies such as (FHFA) that take actions against Taxpayer Citizen’s … that affect their private rights.  SEC v. Jarkesy, 144 S. Ct. 2117 (2024); Loper Bright Enters. V. Raimondo, 144 S. Ct. 2244 (2024).

      In Jarkesy, the Court found that agency power cannot strip a Taxpayer of Constitutional rights.  In Loper, the Court found that the courts cannot give deference to agency rulings on matters of law overruling the Chevron doctrine. 

     In Jarkesy, the Securities and Exchange Commission (SEC) initiated an administrative adjudication against Jarkesy for securities fraud and sanctions. When this case made it to the United States Supreme Court, the actions by the administrative court were reversed. 

     In Loper, the United States Supreme Court overruled the Chevron doctrine which required the ‘reviewing court’ to give binding deference to the agency on questions of law and interpretation of the law in its adjudications. The Supreme Court opined in Loper that it was the ‘proper and peculiar province of the courts’ to interpret the law, not the agency. The mindset of the United States Supreme Court would be the same in application to (FHFA). Therefore, the court had to decide all relevant questions of law and interpret statutory provisions.  Loper Bright Enterprises, et al. v. Raimondo, Secretary of Commerce, et al., 144 S. Ct. 2244 (June 28, 2024) 

    In Loper, the state governments argued that the Chevron deference doctrine should be abandoned and argued that the ‘broad deference’ standard motivated agencies to wield vast powers.  The states all agreed that it is the judiciary’s role to have the final say in what the law is, even when an agency is involved and this would include: (FHFA).   

   For all the foregoing reasons mentioned above, Taxpayer’s, Shareholder’s, Retiree’s & Veterans OPPOSE (FHFA) 2025-2027 Housing Goals.  

 

WHEREASTaxpayer’s, Shareholders, Retirees & Veteran’s issue this Demand letter document to immediately Cease and Desist, the Administrative Conservatorship over  Fannie Mae and Freddie Mac, because the Conservatorship was done without Shareholder-Voter Approvals.   Failure by (FHFA) to uphold this Cease and Desist the illegal Conservatorship, which adversely impacts Taxpayer’s, Shareholder’s … will be forced next to file a court action against (FHFA), for an Emergency Injunction Temporary Restraining Order, (TRO). 

CONCLUSION

     Moffatt Media on behalf of Taxpayer’s, Shareholder’s, Retiree’s  & Veteran’s look forward to hearing back  from you  (FHFA), promptly regarding the above OPPOSITION Public Comment, that can be resolved amicably to mitigate 2025-2027 Benchmark Housing Goals of (FHFA). 

     Hence, at the end of said day, (FHFA), you’re only a mere administrative agency and NOT a ‘Court of Record,’ to interpret constitutional laws or impose Conservatorships that are NEVER ending over ANY corporations, including Fannie Mae and Freddie Mac. 

Sincerely,  

/s/

Moffatt Media Taxpayer Watchdog News,

Star Moffatt, CEO of Moffatt Media 

Telephone No.: (661) 435-2487

Web Address:  https://moffattmedia.com/about-us/

Email address: [email protected]

 

 

 

 

 

“Truth Exposed” Conservatorships 2008 Britney Spears, Fannie Mae and Freddie Mac

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Free Fannie Mae and Freddie Mac Stop Stealing Retiree Dividends
March 4, 2022, Friday 2:01pm

Moffatt Media, Palmdale, California

2008 Britney Spears, Fannie Mae and Freddie Mac, were appointed Conservators, by State Court and the Federal Government.

Did you know Conservators can be appointed on either a State or Federal level?

Thus, did you also know Spears, Fannie Mae and Freddie Mac, their 2008 conservatorships were only to be “Temporary.”

Amazingly, how the government can redefine simple words such as:  “Temporary.”   Webster’s Dictionary defines the word “Temporary,” to mean one serving for a limited time.

Reasonably minded people that comprehend the word “Temporary,” would not interpret close to 15 years conservatorship as “Temporary.”

Did you know Conservator Federal FHFA governmental agency has been sweeping profits and entitled Dividend Income of Retirees, since 2008 into the U.S. Treasury?

What has happened to Britney Spears, Fannie Mae and Freddie Mac, can happen to any person or business regardless of its size because it’s all in how government employees create a narrative against you, your business and will take over your person or business if they want to control or steal it.

Now close your eyes and imagine the Federal government Taking over your business without good cause.    Imagine being in the shoes of private corporations like Fannie and Freddie, where the government does a transfer (sweeping) into the Federal U.S. Treasury of all your Profits, for 15 years and no sight of ending.

Spears was placed into Court Appointed Conservatorship, Fannie Mae and Freddie were placed into Government Appointed Conservatorship.   Finally, approximately in November 2021, Spears was released from Superior Court of California Los Angeles County Conservatorship, which lasted almost 15 years.

Fannie Mae and Freddie Mac, however, are still under supposed “Temporary” Conservatorship from 2008, nearing 15 years.

Top to bottom leadership has a trickle-down effect upon even persons like Britney Spears, other American Citizens and Corporations.

Former President Bush, introduced Federal Conservatorship over Fannie Mae and Freddie Mac Mortgage Corporation giants by creating FHFA, without declaring a National Emergency, in 2008.   To date Fannie and Freddie continue suffering a constant Takeover of their private corporations by the Federal government.

Furthermore, the Federal FHFA agency, which was created by the Housing and Economic Recovery Act (HERA) of 2008 to oversee Fannie Mae and Freddie Mac,   “Oversee” a nicely semantic word.   The Taking over Fannie Mae and Freddie Mac, was not justified through a declared National Emergency.   More importantly, the newly created federal agency FHFA was assigned to act as a Conservator over Fannie Mae and Freddie Mac.

Some banks were bailed out in trillions of dollars, but Retirees and Pension Plans got wiped out!

Fannie and Freddie almost 15 years into Conservatorship and Washington D.C. Congressional Members have turned a blind eye to “Stop the Steal” of Retirees Dividends.   Thus, without Retirees investing their hard earned American dollars into Fannie and Freddie, neither corporations would exist.

Yet Fannie and Freddie continue to have their profits taken over by the government that includes dividends being swept into the U.S. Treasury coffer.

Former 2008 President Bush, used his leadership influence that has led a trickle-down effect into State Courts, by appointing Conservators over American’s.   Many Americans then see their loved ones assets earned from hard work, blood sweat and tears, which is then eaten away from Conservator, Trustee, Lawyer Fees and other types of fees conjured up by courts.

Same Conservator’s who also do Takings overs one’s own assets and body, Retiree Savings, Checking Accounts & Pension Plans and with imposing excessive Conservatorship Fees, that has become nothing more than a license to steal ones hard earned assets often intended to be passed from one family generation to another.

“The Federal National Mortgage Association, Stock Ticker Symbol: (FNMA), typically known as Fannie Mae., was established to stimulate the housing market by making more mortgages available to moderate- to low-income borrowers.”

Fannie Mae Total Assets (Quarterly): 4.209T for Sept. 30, 2021 and Stock Price closed on 3/03/2022 at:  $0.80

How does a company like Fannie Mae remain in Conservatorship, with reporting Sept 30, 2021, $4.209T Total Assets?  More importantly, how does a company with $4.209T (Trillion), Total Assets and its stock only trades at $0.80?

Because FNMA has become so infused with artificial suppression of its stock by “Stock Gamblers,” who bet corporations to fail and its stock to fail.

Terminology Wall Street uses, but calls it:  “Naked Shorting” FNMA Stock.  “Naked Shorting,” to mean:  “[t]he illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock or determine that it can be borrowed before they sell it short.

So naked shorting refers to short pressure on a stock that may be larger than the tradable shares in the market.  Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems,” says Investopedia. 

Did you also know that Fannie Mae Institutional investors were forced to selloff investment accounts because Fannie Mae stock dropped below $5.00, dollars? Thereby making Fannie Mae no longer qualified to trade on NYSE, only trading on OTCMKTS.

Imagine building a company from the ground up and successfully turning it into a multimillion dollar company of your dreams, but then the government decides it needs cash and takes over your corporation’s assets and profits without declaring a Nationwide Emergency.

U.S. Treasury and FHFA “Do the Right Thing,” release Fannie Mae and Freddie Mac, from Conservatorship, because 15 Years is long enough!

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