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Re: YanksGhost post# 606151

Friday, 04/24/2020 8:13:49 AM

Friday, April 24, 2020 8:13:49 AM

Post# of 796433
FnF's operations aren't regulated by contracts, but by their Charter.
The SPSPA didn't come to offset the suspension of the Capital Classifications but to specify the wording of HERA's Temporary Authority Of Treasury To Purchase Obligations And Securities incorporated into their Charters, which is the so called Charter's Treasury backstop, because Congress forgot to establish the dividend yield on the obligations SPS and the amount of the funding commitment.
The Capital Classifications can't be suspended by the FHFA because it's statutory. Only Congress can suspend it.