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955

Re: 955 post# 740244

Monday, 11/14/2022 10:36:57 AM

Monday, November 14, 2022 10:36:57 AM

Post# of 796067
If the jury trial showed us anything, it showed us FHFA is a rogue Gov agency force funded by the GSE's. Let the facts and evidence that came out in the trial be your guide, not political winds which will lead you astray. Consider:

1.) DeMarco, a unelected bureaucrat who himself as acting Director never approved by The Senate, stated no one else was consulted in his decision to nationalize the GSE's.

2.) There were never any plans in place for exit from CONservatorship.

3.) Profit sweep was set up in perpetuity with no end in sight.

4.) Accounting books were cooked to support the Gov created, false "death spiral" narrative.

5.) Proven GAAP accounting standards that were in place for decades were suddenly abandoned in favor of radical extremist "Mark-To-Market" 'accounting' to give the illusion of insolvency which was later debunked by former CFO McFarland in her testimony.

6.) Parrott internal Treasury emails were blocked from being admitted as key evidence which showed clear intent in denying any future GSE profits.

7.) FHFA was not acting as an independent agency, but rather a front for carrying out the will and actions of Treasury who was answering to The Federal Reserve who is owned by 24 member banks which is a major CONFLICT OF INTEREST. FHFA has always deferred to Treasury for any decisions that needed to be made.

8.) GSE's were ordered to buy up all the crap subprime, alt-A, no-doc mortgages the TBTF banks pushed on unsuspecting borrowers and were holding, to clear up their insolvent books.

FHFA can never be part of an acceptable shareholder solution to exiting CONservatorship going forward. Not if we ever expect any justice here. FHFA was built on a foundation of deception, fraud and corruption and must be disbanded along with the legislation barring judicial review that created it.

TRUTH SOUNDS LIKE HATE TO THOSE WHO HATE TRUTH