Sunday, March 01, 2020 11:52:07 PM
In 2007-2008, FnF did not need more capital because FnF were compliant with regulatory capital requirements. But anyway Hank and Ben team insisted on more capital. Then Mark and Ben team conspired to make it difficult for FnF to raise fresh capital from already stressed markets. Hank and Ben team made it a requirement to impose FHFA conservatorship to impose mafia investment. Then FHFA and Obama went on to rob all the capital with NWS and bankrupt FnF.
After 11 years of failed attempts to destroy FnF, same thing is repeating now.
In which world do they impose conservatorship because of lack of capital and plunder all the capital, and then insist on more capital to release from conservatporship. Only this can happen in mafia world.
FnF do not need to raise fresh capital from markets because FnF can build their capital in many other ways. Besides investors will not invest in FnF because of history of lawless conservatorship. Currently FHFA Conservator Calabria is making it almost impossible to raise new capital with his endless loose talk interviews.
FHFA conservatorship is one of the biggest sham in the human history.
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