Fannie Mae-No Politics (FNMA)

[Wise Man]

Payment of Securities Litigation judgments IS a capital distribution.
It's the 3rd time that I have to reply to debunk your same lie.

A legal judgment is not considered to be a capital distribution.

Sesame Street? Do you know to count from 1 to 3? A capital distribution number 3, 12 CFR 1229.13:


Any dividend and today's gifted SPS in the absence of dividend, in the number 1, by the way.

The definition of capital distribution was amended by regulation, with an express grant of authority in the law 12 U.S. Code § 4502 (5)(A), to include the Lamberth rebate.

The FHFA made clear in the preface of the Final Rule "for the transparency of the conservatorship", July 20, 2011, that this payment is prohibited because of the Restriction on Capital Distributions in the law U.S.Code §4614 (e), for the "rehabilitation" of FnF. What the restriction is for: build regulatory capital (soundness).


Regardless of the FHFA's afterthought with the addition by regulation: "...except to the extent the Director determines is in the interest of the conservatorship", in the 12 CFR 1237.13, likely thinking that its Incidental Power as conservator allows it to break the law, which is NOT what it's about: "any action authorized by this section...". Related to activities,...
A capital distribution isn't authorized in its Rehab Power: soundness.

The key is that it exposes the other 2 capital distributions during conservatorship mentioned above, and the need of using the exceptions to legalize them:
-Reduce the SPS.
-Recapitalization.
A Separate Account.

The FHFA doesn't have superpowers, as the hedge fund managers continuously claim through their paid shills on social media.

The other two times that you were reprimanded, are here.

I'll post the image of secretary Fudge raising her hand in a sign of desperation during her exchange with the representative from Tennessee, Mr. Ogles, that was trying to trick her into saying something that she didn't want to say.
Plus a sigh and the exclamation

Jesus!

You guys make sane people, go insane.