Fannie Mae-No Politics (FNMA)

[Wise Man]

Pagliara once again calls for exercising the Warrant, obsessed with stock price manipulation, pitching the idea of stealing from private corporations for government programs.
He says "Let's be creative" when talking about the monetization of the Warrant (sale of common stocks to his buddies hedge funds at a deep discount), which reminds me Mel Watt calling the Credit Risk Transfers "innovation", what is a simple scam to syphon capital off to, presumably, the UST, in order to skip the Fee Limitation clause in the Charter.
CRT "to protect the taxpayer", is the slogan used by Sandra Thompson for this scam, when the taxpayer doesn't bear credit risk in FnF, and the companies are protected keeping the capital themselves (core capital)
I see a pattern of deception here. In other words, evidence of collusion Watt - Sandra Thompson - Pagliara, who got triggered in 2017, precisely, when I told him that the Warrant can't be legally exercised.

The warrant is a security issued for free (debited from the Additional Paid-In Capital account, like any other security issued for free -SPS-) on day one in an attempt to evade the prerequisite on the temporary authority (December 31, 2009 deadline) of UST to purchase securities of FnF in the Charter Act: authorization to (iii) protect the taxpayer, that is, a collateral of the investment in SPS. Source.
However, it's illegal in the Charter's Fee Limitation of U.S., that bars assessing or collecting any charge by the U.S. regarding their securities, except the rate on the original UST backup. Source.
Another example of laws enacted that contravene existing laws.

Anyway, what was FHFA's Sandra Thompson thinking! Beware when Pagliara invites you to a council meeting in his home town Franklin, Tennessee, for a listen-only mode session. It could turn very ugly as seen in my convo with him posted above.

Thank your Director Thompson for taking the time to come to Tennessee and listen. You have heard the rationale for funding to increase supply and affordability. Lets be creative and monetize the GSE warrants to help with workforce housing. https://t.co/5dxoVIjsyu

— Tim Pagliara (@timpagliara) October 20, 2023