Friday, February 21, 2020 12:21:43 AM
The FHFA Directors have done nothing but tell one lie after another lie, commit one abusrdity after another absurdity. It is time to abolish FHFA and move back regulatory authority back to HUD.
FHFA and Hank impose conservatorship on FnF saying that FnF do not have capital. Then FHFA and Hank tell public that conservatorship was imposed because FnF can not serve illiquid markets with their limited capital.
FHFA writes off FnF capital as worthless and then imposes SPSPA to rob their capital.
FHFA lies that FnF are in death spiral but robs FnF capital with NWS so that shareholder do not get anything.
FHFA tells court that conservatorship documents needs to be treated like national security documents, but it was done to hide its lawless conduct.
FnF are insurance companies but FHFA directors want to impose Bank like capital requirements to burden the companies/public and benefit loan sharks.
FHFA Directors have lost their credibility and can not be trusted.
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