Friday, January 12, 2024 2:25:59 AM
Scheduled for January 17th, a court brief where is laid out how the capital of FnF will be formally distributed among some Equity holders and a bunch of Wall Street law firms, at a time when there is a statutory Restriction on Capital Distributions in force (U.S. Code § 4614(e))
Neither the use of the judge's order as alibi, nor later the FHFA's response in opposition on January 31st, would relieve the litigants and the FHFA of the fact that a formal felony would have been committed.
The abuse of Court process will end up badly.
This isn't like all the prior felonies, where the litigants might play the fool and claim that they knew nothing about a Separate Account plan and the FHFA would reply: "Zing! I used the conservator's Incidental Power. Funny, right?". Therefore, only charges of stock price manipulation would be brought, with a monetary penalty (Punitive damages). It's one of the 8 Securities Law violations during conservatorship.
This time is an outright felony of breaking the law, written in formal document, and, where the FHFA can no longer claim that there is a Separate Account for this capital distribution, like occurred with the dividends and SPS LP increased for free, that is holding the Common Equity in escrow (CET1), in order to comply with its Rehab power as conservator: Put FnF in a sound and solvent condition.
This capital distribution with the Lamberth rebate, won't be recovered unwinding some scheme down the road. Charges of conspiracy and others would begin to pour in.
This document "Plan of Allocation" will be here to stay, for the world to see. Regardless that the final disbursement might be stopped on the last minute. The felonies won't disappear.
We would be playing in a different dimension, with crippling liabilities that I won't enumerate.
It's pretty obvious to think that they seek "an obligation to be honored", like the dividend declared but not paid the day of Conservatorship.
This time won't work. The law is quite clear and they can't use the JPS contract (prospectus) like before.
https://investorshub.advfn.com/uimage/uploads/2023/4/24/pixlkIMG_20220419_070019.jpg
This WARNING NOTICE was issued yesterday on the Fanniegate hashtag.
THE JAN 17 PLAN OF ALLOCATION DOC WILL TRIGGER A FELONY THAT CANNOT BE UNWOUND
— Conservatives against Trump (@CarlosVignote) January 11, 2024
So far, capital distributions(Divs/gifted SPS)hold Common Equity in escrow to uphold the exceptions to the Restr on Capital Distr +Rehab Power +Inc Power.
FHFA's Jan 31 response, irrelevant.#Fanniegate
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM