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Re: RickNagra post# 772267

Thursday, 10/26/2023 1:29:22 PM

Thursday, October 26, 2023 1:29:22 PM

Post# of 794936
According to KThomp19, the payment of damages is not a distribution of capital (in conservatorship) and should therefore be made. My opinion on this was obviously wrong (influenced by "Wise Man"). Even if you are "smart", you can still come to wrong conclusions sometimes. Admission of your own mistakes is a sign of wisdom.

Fools, on the other hand, persist in their stupidity, often accompanied by 💩emojis.

In summary FHFA needs to cough up $622M + $300M = $922M. Is this correct ? Is this enforceable ? Lulu says it is not enforceable because capital distributions are not allowed in conservatorship. Is this Lulu smart or dumb ? That is the question.