Friday, April 24, 2020 8:53:01 AM
The Capital Classifications, their definition and the mandatory actions of FnF in each one, are still in force in the FHEFSSA.
The funny thing is that the famous Restriction On Capital Distributions (dividends) when FnF are undercapitalized, is included inside the section CAPITAL CLASSIFICATIONS at the end -subsection (e)-, as an attempt to conceal it inside an unrelated item, because the same provision is set forth in the FDI Act as an independent section.
The FHFA's suspension of Capital Classifications aimed at doubling down on this attempt to make this subsection (e) go unnoticed.
IT FAILED. We all know ANY DIVIDEND is suspended during Conservatorship. THE SECRET PLAN.
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