Fannie Mae-No Politics (FNMA)

[Wise Man]

BREAKING NEWS. Mnuchin hired the former SEC chairman as advisor for his $NYCB deal at off market prices, as compensation for having disregarded a SEC complaint submitted on August 2020, denouncing the Financial Statement fraud in the enterprises (SPS LP increased for free and its offset, absent from the Balance Sheets), containing all the numbers and how the offset works out once the Additional Paid-In Capital account has been exhausted (an account used for the offset with the initial $1B SPS LP issued for free), citing SEC rules (reduction of Retained Earnings account. Core Capital).

This Financial Statement fraud is important because it would be another evidence to visually see how the Common Equity is held in escrow (for those reluctant to read the law in force that expressly states so with the prior 10% and NWS dividends, besides the repayment of the SPS. 12 U.S. Code §4614(e)), in order to comply with the FHFA-C's Rehab power and pursuant to the exception to the Restriction on Capital Distributions (gifted SPS as compensation to UST is a capital distribution as per the statute) in the July 20, 2011 CFR 1237.12: a capital distribution is applied towards the Recapitalization of FnF.


And not the current fraud with the invalid "Capital Reserve", evidence that the Federal Reserve is involved in Fanniegate, because it's the only one that uses this capital metric, called "Capital Surplus" in the balance sheet of the Federal Reserve System.
It isn't a coincidence that the lobbyist Bill Ackman is a member of the Investor Advisory Committee on Financial Markets at the Federal Reserve Bank of New York.
The FHEFSSA was enacted exclusively to assess the Capital standards in FnF. With an authority in HERA, the FHFA chose the Basel framework for capital requirements in its February 16, 2021 Capital Rule (ERCF), with the FHEFSSA still in force: Critical Capital level, Capital Classifications, etc.

We can't allow that two guys (Powell and Ackman) make everything up, using the interest rate policy (Monetary policy) to blackmail the society.

SEC complaint posted on this tweet:

MNUCHIN HIRED THE LAW FIRM THE FMR SEC CHAIR, CLAYTON, REJOINED TO, AS ADVISOR FOR THE $NYCB DEAL
SEC complaint 15976-876-848,Aug2020, trashed: Financial Stmt fraud→gifted SPS LP/its offset, absent from the B-Sheet.
Mistake: charge on Income Stmnt is🆗#Fanniegate @TheJusticeDept pic.twitter.com/Md8BjM5IR9

— Conservatives against Trump (@CarlosVignote) March 26, 2024