Fannie Mae-No Politics (FNMA)

[Wise Man]

The rogue Bradford always deceiving to reap profits.
There is zero value added to the common equity and the JPS holders if the capital that has been built in the $118B Net Worth is the capital stock SPS, primarily because it isn't regulatory capital to meet the capital requirements and, secondly, it's owned by the UST, it's not our Net Worth.
Currently concealed with Financial Statement fraud: the $118B worth gifted SPS thanks to Calabria/Mnuchin and Berkowitz's attorney who signed off on it as commented below, do not appear on the balance sheet in order to not post its offset with reduction of the Retained Earnings account in the same amount (CET1). A NWS 2.0. The Common Equity (CET1) is still being syphoned off to the UST as before with the NWS dividend.
Or I should say, Common Equity held in escrow as before, in order to comply with the exceptions to the Restriction on Capital Distributions (Now: for Recap -CFR 1237.12-; Before: to reduce the SPS -U.S. Code §4614 (e)-), and in order to comply with the FHFA-C's Rehab power: Put FnF in a sound and solvent condition. And finally, it complies with the fact that no actual dividend was ever possible, with an Accumulated Deficit Retained Earnings account, as a dividend is a distribution of earnings and, first of all, this account has to be replenished.
Anyway, the total SPS outstanding stand at $312.5 billion, for just $118 billion Net Worth, just in case you still don't get who owns that Net Worth.

Talking about the controversial attorney for Berkowitz, David Thompson, who seized control of many cases to control the narrative (Bhatti, Robinson, Collins and Rop, besides Fairholme's Berkowitz case), went to 5th Cir. after the appeal in the SCOTUS with the Collins case, to claim constitutional damages, because the "for cause" removal restriction prevented the wonderland that you claim, where the UST gets rich and, at the same time, FnF are recapitalized retaining earnings, from happening sooner, with the sacking of Mel Watt before. More of the "Trump will save us" that now you and the chameleonic plaintiff Joshua Angel with more than 30 different aliases, peddle on this board 24/7.

This wonderland is a big lie and his assertion that he isn't a Securities lawyer won't exonerate him. A lie based on the Financial Statement fraud in FnF, as always happens in an elaborate conspiracy, where one statement is based on the felonies committed by other members. Later they will claim that the management and BOD of FnF aren't liable because they don't have powers during conservatorship and thus, the blame falls on the conservator FHFA and its Director, who doesn't care because it's the DOJ the one vicariously liable. That is, the taxpayer pays the bill or, as the world Socialists claim, "it's nobody's money".
Go away, rebel hippie Glen Bradford, alias LuLeVan. You don't add any value on this message board and you never learn.

The fact that FnF have since built up capital (today $120B net worth) - which also benefits commons (could reduce dilution) - is thanks to the JPS lawsuits.