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Wednesday, December 01, 2021 12:27:06 AM
He claims that the law prevented him from firing the FHFA Dtr, Watt, when the law states that he could be fired for cause:
-Multiple breaches of the statutory provisions in the Charter Act and the FHEFSSA
-For carrying out a secret plan that upholds those statutory provisions (repayment of the SPS and Recap, under the guise of Capital distributions to UST, using the exceptions to the Restriction on Capital Distributions, both in the FHEFSSA and the 2011 CFR1237.12), but, at the same time, it prompts 4 Securities Fraud violations (stock price manipulation, etc)
-Watt contravened the 2012 (illegal in the Fee Limitation clause) TCCA that required a 10bp g-fee hike each year until February 2014. The second hike was suspended at the eleventh hour, just after Watt was sworn in.
More detail here.
The letter was used yesterday in court by the attorney for the Mnuchin's buddy, Berkowitz, as evidence of no one knows what, because in a Rule of Law, we aren't bound by quotes, but by what is set forth in statutory provisions.
What only shows is a former POTUS fabricating evidence for his cronies chamber investors.
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