Wednesday, November 01, 2023 1:31:17 AM
It's a capital distribution per FHFA rulemaking and therefore, restricted in the Restriction on Capital Distributions of the FHEFSSA, when FnF are undercapitalized.
Explained here.
It's evidence of a sham trial and litigation rigged by the parties, the DOJ included, because it would unveil the Separate Account plan, as the dividend payments and today's SPS LP increased for free every quarter are also capital distributions restricted, and the FHFA has been using the exceptions instead: reduce the SPS and Recapitalization outside their balance sheets, under the guise of dividends.
The FHFA and the hedge funds are obsessed with becoming a corrupt organization. But we will make all their actions lawful, whether they want it or not.
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