Fannie Mae-No Politics (FNMA)

[Wise Man]

"The continuing retention of earnings"

:ex-FMCC CEO. Exactly what you said, navy commodore!

as retained earnings continue

Like Bradford, Ackman, etc.
Why don't you find another one that repeats the same slogan?
Based on the Financial Statement fraud in FnF that aren't posting the gifted SPS on the Balance Sheets, in order to don't post the offset with reduction of Retained Earnings.
The same occurred with the initial $1B worth of SPS issued for free on day one (debited from APIC at the time, now an account exhausted), that do appear on the Balance Sheets.

Therefore, the truth is that FnF aren't neither retaining earnings nor building regulatory capital. They just build SPS in their Net Worth ($111 billion as of June 30, 2023, corresponding to the $111 billion gifted SPS) with this breach of the conservator's Rehab power and a breach of the Restriction on Capital Distributions, as this compensation to UST in the absence of dividends, is considered a capital distribution (i) in its FHEFSSA definition.
Instead of Separate Account, these gifted SPS are considered a joke by the conservator "in the best interests of the FHFA" (FHFA-C's Incidental Power) and, eventually, they will be cancelled and the Retained Earnings is back up.
Everything concealed in their Balance Sheets by Sandra Thompson, a Goldman Sachs alumni.
This is why Goldman Sachs' Mnuchin at the UST, recommended Congress in his 2019 Housing Reform plan, to repeal the existing definitions in the FHEFSSA (also the definiton of each capital classification to see that the capital requirements are met with Core Capital/Total Capital, not with the Net Worth called Capital Reserve)

I told this board here, that we were going to see these comments, like the former FMCC CEO Layton's.

In the run-up to FRIDAY's con operation by the attorney D.Thompson (Collins case. Also the attorney for Berkowitz, Rop, Bhatti, Robinson), it's necessary a paid shill corroborating his stance in court:

The attorney for Berkowitz conceals this Financial Statement fraud to seek Constitutional Damages in the Collins case next Friday.
I wouldn't be surprised if he later seeks a confidential settlement with FnF (parties without powers in the Lamberth's court) of this same fraud.
Double winning!