Fannie Mae-No Politics (FNMA)

[Wise Man]

Bradford. FHFA amended the definition of capital distribution in the FHEFSSA, to include the payment of Securities Litigation judgments (#3), yet you claim that it isn't a capital distribution.
You cite kthompt19, but you don't provide an internet link with his comment or post the quote, in what looks more like they are your own words and you are just deceiving in an attempt to discredit my analyses.

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")

The idea that the FHFA has absolute discretion during a conservatorship (Accounting fraud, break the law, Financial Statement fraud, ...), is a big lie.
Like the pro se plaintiff Joshua Angel, who writes with Rodney and Barron, among other 20 aliases, to write flawed analyses in an attempt to tarnish the image of investors that write thoughtful and valid analyses.
"Explained here with all detail". You know that you have to click in the word here, right?
You would see the FHFA's explanation about it (July 20, 2011 Final Rule "for the transparency of the conservatorships"), considered also a masterpiece of the entire conservatorship dynamics: its mandate or powers, rehabilitation, restore the financial condition, the Restriction on Capital Distributions in the FHEFSSA as amended by HERA, etc.
Print it out, frame it and hang it on the wall.

Besides, the FHFA follows up explaining when the Equity holders may expect the resumption of dividend payments (Adequately Capitalized threshold: Total Capital > Risk-Based Capital requirement). The threshold was restated with the Table 8: Payout ratio (25% of the Prescribed Capital Buffer). It includes the UST as holder of SPS, obviously.
Besides unavailable earnings for distribution as dividend, out of an Accumulated Deficit Retained Earnings account (Balance Sheet = picture of a company at a determined date)