Wednesday, November 23, 2022 10:36:13 AM
The plaintiffs allege that the NWS stopped thanks to Calabria-Mnuchin's 4th PA amendment, where the UST gets rich with SPS gifted every quarter and, "at the same time", FnF build capital retaining earnings.
This transfer of our Net Worth (Common Equity) to UST (SPS), is concealed with Financial Statement Fraud: these SPS and their offset with reduction of Retained Earnings (core capital) for handing out stocks for free (FnF didn't get the cash), are missing on the balance sheets.
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