Fannie Mae-No Politics (FNMA)

[Wise Man]

HERA didn't replace the FHEFSSA. Guido is here to mislead the retail investor under the orders of his boss, the hedge fund manager Tim Pagliara.
For instance, he insists once again that FnF have to repurchase the Warrant, which was issued for free and it's deemed an illegal collateral according to the law.

2008 HERA amended the 1992 FHEFSSA and the Charter Act.
So, now you have to download the FHEFSSA, a law created just for the soundness of FnF, establishing Capital ratios for the first time, corrective actions, the definitions of financial concepts that the scammers hate (definition of capital distribution, ....), etc., and the Charter Act, to see the laws with the amendments already included.
It takes more time to write your lie in the form of question (typical confusion from the scammers: On bitcoin. Is it a commodity or a security?), than typing "2008 HERA" on a search engine, 15 years later, where you would see that HERA is all a mess, with "the FHEFSSA is amended by striking X for X"; "by inserting..."
As seen with the Restriction on Capital Distributions.