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Re: None

Monday, 11/20/2023 9:34:21 AM

Monday, November 20, 2023 9:34:21 AM

Post# of 796407
BOMBSHELL. The Lamberth court aims to replicate what happened in 2008 with a dividend on the JPS that was declared before FnF were placed in Conservatorship, but not paid.
At that moment, the Restriction on Capital Distributions applied and the dividend was suspended.
It turns out that, according to a Fannie Mae press release, because this dividend was declared before, they made up the idea of "an outstanding obligation to be honored" as an excuse to break the law, even before the record date September 15, 2008. The press release follows up stating that the conservator and, surprisingly, the Treasury Department, authorized this dividend payment for September 30, 2008.

In the Lamberth court, phony proceedings have been stretched to the maximum, ending up in a sham trial, so the final order falls pretty close to a final resolution of Fanniegate but it has to be before, so, even though this resolution renders the original claim meritless, the FHFA and the UST will claim again that it's "an outstanding obligation to be honored".
They aren't interested in a resolution of Fanniegate, just in this Securities Litigation claim that acts as a back dividend on a non-cumulative dividend JPS and the payday for the corrupt attorneys.
The evidence is that Fairholme asked about the existence of a Separate Account plan in 2019, that is, whether the dividend to UST was, in truth, an assessment applied towards the reduction of the obligation with the taxpayer, SPS (screenshot with the RFP12 in the tweet below) and, after multiple breaches of the subpoena to Treasury to comply, Fairholme withdrew the motion to compel compliance with the subpoena that would have given response to the existence of the Separate Account plan (brief seen in the tweet)
It's imperative to put an end to Fanniegate before the judge's final order, so the judge will have no other option than to declare a Judgment Notwithstanding the Verdict (JNOV) and no obligation emerges with regard to the fiction of implied contract.