Fannie Mae-No Politics (FNMA)

[Wise Man]

The plaintiffs only request a $29 billion refund as a Tax credit, so it won't be recorded as Core Capital.
All the Core Capital (earnings) generated during 12 years in conservatorship is gone. Even now that they are allowed to retain earnings, there's an offset that reduces the Retained Earnings when FnF increase the SPS for free. So, zero Capital built. (this operation is missing every quarter in the balance sheet and it isn't challenged in Court)
Plus the dilution of the Warrant. It's a devastating scenario if the plaintiffs win.
So, FnF are deep in the hole and the plaintiffs don't challenge it.
Is it a surprise if I tell you that Berkowitz and John Paulson/Blackstone(Moelis plan backers) work for Mnuchin?
It's clear that the plaintiffs want the Supreme Court to get involved in this conspiracy. The conspiracy that they brought a flawed lawsuit in the Supreme Court that would lead to a massive issuance of stocks.