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Wednesday, September 06, 2023 3:32:48 AM
Mnuchin's NWS stop in 2019
a decisive turnaround that opened the way to recap/release.
Words from LuLeVan, an ID used by Bradford86, who also agreed with his buddy navycmdr yesterday
as retained earnings continue
With
Yessir! You are getting it.
David Thompson seeks Constitutional Damages because the "for cause" removal restriction of the FHFA director, prevented his wonderland scenario from happening sooner firing Watt before.
He bases his opinion on the Financial Statement fraud in FnF, that don't record the SPS increased for free on the Balance Sheets in order to don't post the corresponding offset with reduction of Retained Earnings (Core Capital), as explained here.
Thus, the NWS goes on. Instead of being carried out through a NWS dividend, it's a NWS 2.0: Only the Common Equity (Retained Earnings) is swept to UST (held in escrow), substituted for SPS in the Net Worth. Hence, $111B Net Worth as of June 30, 2023.
David Thompson can only play the fool saying that he didn't know there is Financial Statement fraud in FnF (collusion Sandra Thompson - Hedge Funds Plaintiffs), something he has already done stating that he isn't a securities lawyer. I don't recall the exact moment when he said it, because he is omnipresent after seizing control of the remaining lawsuits to control the narrative. If someone recalls when he claimed not being securities lawyer, please let us know.
The adjusted Core Capital remains stuck at $-194 billion together since 2019 and thus, there was no "turnaround" in 2019 (no Recap)
There are no constitutional damages because Calabria-Mnuchin continue the same con operation as Watt, DeMarco and Lockhart: the Common Equity is held in escrow.
The "for cause" removal restriction is constitutional by the way, in congressionally chartered private corporations (limited powers in the FHFA)
Where is the S.E.C.? There is a complaint already filed with the S.E.C. talking about this Financial Statement fraud.
The FnF equity holders are being conned.
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