Thursday, October 12, 2023 9:30:12 AM
Had the back-end Capital Rule been announced within the typical 18-month period (1992 FHEFSSA) since it was required by HERA ("The director shall"...without time frame), primarily because HERA struck the entire Risk-Based Capital requirement and, since then, it's N/A in the reports to Congress, the investors would have spotted the Separate Account plan from the onset, and would have snubbed the fraudsters with the Court cases, advocating the 10% dividend to UST and even requiring a dividend for themselves too.
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