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Wednesday, 03/11/2020 2:59:09 AM

Wednesday, March 11, 2020 2:59:09 AM

Post# of 796566
CASE CLOSED. In #Fanniegate it's been unveiled:
-The crimes:
SPSPA covenant 5.3: They agreed to violate the Law & don't recapitalize FnF (Conservator's Power: "put FnF in a sound and solvent condition")
Coverup of the Restriction On Capital Distributions
-Crime weapon: the dividend to UST.
-Alibi: The Secret Plan that will be announced once they are caught.
-Motive: fund the White House and benefit the h-funds and Community Banks that currently hold JPSs and/or in future stock offerings at PER 5 times.
-Accomplices: all the plaintiffs, attorneys, judges and the internet message board users that repeat the flawed narrative of the Govt heist: Pagliara, Rosner, T.Howard, etc. We know them all.

This will force the UST to return $157 billion to FnF and SPS canceled (redeemed on 2013 and 2014 under the exception to the restriction on capital distributions)
Adding up that FnF's CECL accounting standard was a figure of just $0.2 billion and $1.1 billion, respectively, they have Capital Surplus.