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Wednesday, February 14, 2024 6:30:17 AM
Quote: “ This effect cannot be seen because FnF don't post on the Balance Sheet these gifted SPS and their corresponding offset with reduction of the Retained Earnings account.” End of Quote
NOTE 1 page 69 - The LP of the SPS increased to $195.2 billion as of the third quarter 2023.
So, you are telling us that the increase in the LP the Treasury will offset the $195.2 billion by adding back to the retained earnings of the company? Treasury cancellation of the LP and SPS and the company is fully capitalized? In other words the Treasury never intended to keep the money? As everything the Treasury has done will be legal?
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