Fannie Mae-No Politics (FNMA)

[Wise Man]

Navy Hedge Fund at it again.

it's ONLY "$Retained $Earnings" - $Court Order $Damages and ....

... THE $TRUMP TRADE ...

There is no Retained Earnings, if those are wiped out when the SPS LP is increased for free in the same amount, as it carries an offset (Reduction of Retained Earnings), currently omitted when these gifted SPS and the corresponding offset, are absent from the balance sheets. It's a capital distribution that is holding the Common Equity (CET1) in escrow, in order to comply with the Restriction on Capital Distributions, exceptions 1, 2, 3 and 4 (a capital distribution for their Recapitalization) in the CFR 1237.12 and with the conservator's Rehab Power.

There are no Lamberth damages. A capital distribution RESTRICTED when FnF are undercapitalized. The charge in "other expenses" seen in Q3 is, thus, a breach of the conservator's Rehab power, regardless that the rebate hasn't been disbursed yet. Judge Lamberth has no other option than to rescind his court order.
It would expose the other 2 capital distributions restricted as well during conservatorship (dividends and gifted SPS), and the Separate Account, which renders this lawsuit and all others, meritless. There aren't damages. The dividend was impeccably suspended.

It seems that you have difficulties in understanding what the Trump letter states, because it translates into a dilution of the existing common shareholders of 99.9% in FnF.

Navycmdr belongs to a Special Interest Group, only interested in the sacking of the enterprises.