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Monday, October 02, 2023 3:35:30 AM
Are you supplementing it or bypassing it?
A July 20, 2011 Final Rule, coinciding with the date of Time Limitation of Acting Dtr DeMarco, that was meant to continue with the Separate Account plan once the SPS were fully reduced in the law, as now it allows to deplete capital (under the guise of dividends that weren't actual dividends) for their recapitalization (to meet the Minimum Capital and Risk-Based Capital requirements), which is a Separate Account wording right there. A recap outside their Balance Sheets.
CFR enacted 2 weeks before the FHFA announced a proper Recap plan for the FHLBanks in this press release, by the way, with the famous: "The FHLBanks fulfilled their obligation to pay interests", but they still have to repay the $30B principal of the RefCorp obligation, as Equity holders of Funding Corp. A $30B loss of the Treasury that, likely, subscribed to this obligation, reinvested in RTC. Plus an additional $18.8B that the Treasury invested directly in RTC, required by law. A $48.8B hole that the same officials back then (ST and DeMarco) are trying to offset with monies from FnF.
This usage of the Federal Register for conspiracies is unacceptable.
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