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Tuesday, April 18, 2023 3:56:25 PM
The purpose of the funding is for Treasury to purchase FNMA obligations or securities. The “Commitment” does not meet the purpose listed in the Charter.
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The Commitment is a violation.................because it is nothing more than the establishment of a fund for the GSEs to borrow from, but at the cost (charge, fee) of the LP attached to 1 million shares of SPS. This is prohibited by the charter.
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