Fannie Mae (FNMA)

[Wise Man]

Quit posting your flawed analysis of the Restriction on Capital Distributions.
The grounds of the Separate Account, you have spent 10 years laughing at me for highlighting it, Mr.Pro Se. A statutory provision that you have covered up in the Lamberth and Sweeney courts.
Since a few months ago, you post it from time to time with the goal to sneak a few lies:
-In HERA indeed, but what it did is to insert it in the FHEFSSA. Then, it's no longer in HERA.





-It's not a "refinancing option of the SPS", but a way to reduce/pay down the SPS for good.
The requirement in the exception (A), is to get the same amount of dollars either issuing shares or obligations. So, FnF can issue debt obligations to reduce the SPS. Different securities. Then, it's not a refinancing option but a new security. The intent of the lawmakers is to get the same amount of cash at the same time, and that's satisfied when FnF increased their Common Equity (Net Worth) that carries a double-entry accounting with cash. This way, FnF have reduced the SPS as the Common Equity increased, then swept with the assessments sent to Treasury under the guise of dividend payment (restricted and unavailable earnings for distribution as dividend, out of an Accumulated Deficit Retained Earnings accounts), as seen in the signature chart below with Freddie Mac.

By the way, this is how the Federal Reserve will reduce its Deferred Asset (Latest, $161B): as the Common Equity (Retained Earnings) increases. This is why the trick (fraud) of "Deferred Asset" (accumulated losses) is a substitution for SPS.

The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the US Treasury resume.”

With this fraud, the Federal Reserve saves having to pay a cumulative dividend on SPS and the public outcry attached. Whereas FnF will pay an estimated weighted-average 1.8% cumulative dividend rate on SPS (assessed with a 0.5% spread over Treasuries -0.299% in the bailout of the FHLBanks in 1989, GAO report-, as of the end of the month preceding the purchase and the quarterly repayments). The dividend amount is netted out with the interests that the UST owes to FnF on the $152B due.

Anyway, FnF issue billions of MTN every quarter if you insist that they must issue obligations. Although with the legislative intent mentioned is enough.

In essence allows the trustees of Fannie and Freddie to go to the market at any time to raise new capital,

-Let alone calling a conservator "trustee".

Why don't you and your more than 30 different aliases on this board tell it to judge Sweeney?