Fannie Mae-No Politics (FNMA)

[Wise Man]

The corrupt plaintiffs are hammered once again on #Fanniegate today. They claimed in the Appellate Court for the Federal Circuit that their right to get a dividend after the 10% dividend to UST, was transferred to UST with the NWS.
Firstly, it was transferred to the conservator.
Secondly, the law restricts Capital distributions (like dividends) to everybody when they are undercapitalized.
Thirdly, the Capital rule, effective February 16th, 2021, also restricts the payouts (Table 8) until FnF meet 25% of the Capital buffers and it was posted yesterday that as of June 30th, 2021, FnF have a $429 billion deficit of Total Capital over this threshold.
Lastly, the conservator's power is about a recapitalization: put FnF in a sound condition.