Friday, July 15, 2022 12:48:07 AM
The expected credit losses are covered by their existing Reserve for Future Losses, better known as Allowance for loan losses.
This is why the dividends are RESTRICTED while in conservatorship (Retained Earnings is Core Capital) and what has happened is that the money sent to UST is held in escrow, corroborated in the statutory provisions that the corrupt plaintiffs have covered up.
THE SECRET PLAN.
With the plaintiffs's take in court, FnF don't recover even $1 of Core Capital ($398 billion capital defict over total capital requirement as of end of March, 2022) and they are the DOJ's counterparty for the Government theft story that justifies the stock price manipulation. They represent the Organized Crime.
The Berkowitz-Mnuchin Gang.
*Too many crisis actors on this message board, paid by the Mafia, promoting the judicial news.
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