Wednesday, January 05, 2022 11:37:19 PM
You should listen to Carlos
The Treasury's commitment to provide capital to an Enterprise pursuant
to their SPSPA has no set expiration date. That commitment
terminates only when one of the following events occurs:
1. The Treasury has provided the full commitment of $100 billion
in the form of senior preferred stock purchases.
2. The Enterprise liquidates its assets. In the event of such a
liquidation, the Treasury will fund any capital deficiency up to
its commitment under the SPSPA. After that final funding, the
funding commitment in the SPSPA would terminate.
3. The Enterprise has repaid, defeased, or made other provision
for all its mortgage guarantee obligations and debts.
The Justice Department has issu
The Treasury's commitment to provide capital to an Enterprise pursuant
to their SPSPA has no set expiration date. That commitment
terminates only when one of the following events occurs:
1. The Treasury has provided the full commitment of $100 billion
in the form of senior preferred stock purchases.
2. The Enterprise liquidates its assets. In the event of such a
liquidation, the Treasury will fund any capital deficiency up to
its commitment under the SPSPA. After that final funding, the
funding commitment in the SPSPA would terminate.
3. The Enterprise has repaid, defeased, or made other provision
for all its mortgage guarantee obligations and debts.
The Justice Department has issu
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