Fannie Mae-No Politics (FNMA)

[Wise Man]

I meant what I said. If Fannie Mae states that there is $195.3B SPS LP outstanding, including the ones expected to be increased on December 31, 2023, but only $120.8B shows up on the Balance Sheet as of September 30, 2023, it means that there is $74.4B SPS LP absent from the Balance Sheet.


The same with Freddie Mac. $117.3B SPS LP outstanding including the ones of December 31, but only $72.6B SPS LP shows up. $44.7B SPS LP is missing.


It's also missing their corresponding offset. $118.5B together.

Their objective is to peddle the lie of "FnF continue to build capital through Retained Earnings" (Bill Ackman).
Their objective is also to conceal the outcome, where we would see that necessarily these gifted SPS have been used to hold the Common Equity (Retained Earnings) in escrow, through the offset (Adjusted Net Worth Activity table posted before), otherwise this capital distribution #1 is RESTRICTED.
In compliance with the exceptions 1, 2, 3, 4 to the Restriction on Capital Distribution for this case CFR1237.12: "A capital distribution for the recapitalization".
In compliance with the FHFA-C's Rehab power.
At some point, the conservator will unwind it, so the Retained Earnings is back up.
It would have uncovered that a similar "Separate Account" occurred with the dividend payments, RESTRICTED, and the exceptions kicked off: reduction of the SPS (U. S. Code 4614 (e)). Then, recap..

3 different phases in the Capital distributions, applied towards:
1- Reduction of SPS. 10% and NWS dividends.
2- Recap with the NWS dividend.
3- Recap with the SPS LP increased for free.
No SPS LP needs to be canceled. Either they were repaid or, it's considered a joke (SPS LP increased for free? C'mon!)
You see? We can also stretch the FHFA-C's Incidental Power to the max "in the FHFA's best interests". This is because, if the gifted SPS LP is canceled, FnF would have to pay taxes.

Finally, quit saying that you are trying to understand me, implying that I'm not explaining myself correctly and an attempt to discredit me.
You just ask a question.
Anyway, you are playing the fool because you have been explained this a thousand times in the last 8 years, Mr. Pro Se.