Fannie Mae-No Politics (FNMA)

[Wise Man]

Bradford caught peddling the same lie as Ackman yet again, in his latest SA article.
Bill Ackman: "FnF continue to build capital through Retained Earnings" (Source), based on the Financial Statement fraud in FnF that don't post on the Balance Sheets the SPS LP increased for free and its corresponding offset with reduction of Retained Earnings account (Organized group).
With the adjustment, FnF are building SPS in their Net Worth, not regulatory capital, and it exposes that, necessarily, the Common Equity is held in escrow, and the same occurred with the dividend payments to Treasury since day one, as both are capital distributions restricted, when the exceptions kicked off to legalize these payments: reduction of SPS and recapitalization (both in a Separate Account)

The lie of a new paradigm since the September 2019 SPSPA amendment, for which the attorney David Thompson even seeks "constitutional damages" in court with the Bhatti and Collins cases, contending that FnF are being recapitalized since then and the "for cause" removal restriction prevented it from happening sooner, when, first of all, it was initiated by Mel Watt and Mnuchin with a one-time $3B SPS LP increased for free on December 2017 (4th SPSPA amendment).

Always the same lie peddled by the "Canasta game" group, that later wants to meet the capital requirements with the capital metric Capital Reserve (invalid in the FHEFSSA. Adjusted Capital Reserve = $0), pursuant to Mnuchin-Calabria's "Capital Reserve end Date" in the January 14, 2021 SPSPA amendment, that has ended up with the former FMCC CEO, Layton (currently a blogger in the Harvard School of Cheating), asserting that it's the Net Worth the one that has to meet the capital requirements (he changed to layman terms, so the average Guido can understand the debate)

Freddie could be considered recapitalized when their net worth hits $150 billion

An article posted by navycmdr on Ihub (who else?!) and clearly promoted by the plotters, that calls the dividend payments "interests", to conceal the Separate Account plan behind with its restriction and with an authorized up-to-infinite dividend rate on SPS (although it prompted a Securities Law violation that needs to be settled, as it was distributed out of an Accumulated Deficit Retained Earnings account. EXHIBIT A: Changes in Equity. You can't distribute what doesn't exist. A dividend isn't a charge on an account, but a distribution of Earnings).

the mortgage giants long ago repaid the $191 billion taxpayer bailout, plus interest.

The plotters of The Canasta Game group are the ones that nowadays spread the "release from conservatorship" diatribe, and that FnF have been rehabilitated, notwithstanding that their capital metrics in the ERCF tables posted in their Earnings reports and their adjusted $-216B Retained Earnings account combined in their Balance Sheets to absorb future losses, say otherwise, unless the Separate Account is unveiled (CET1 >2.5% of Adjusted Total Assets)
The Separate Account solves the current violations of statutory provisions: Restriction on Capital Distributions, FHFA-C's Rehab power.
The Securities Law violations would remain and it's what will have to be settled as an all-in Punitive damages settlement.
This Canasta game group using formal documents (court briefs, books, articles, GSE slides, etc.), obsessed with stock price manipulation, abuse of court process with their frivolous lawsuits and with the felony of Making False statements (coverups, etc), will have to pay us Punitive Damages as well.
A claim against their accessories on social media, remains. There is a fine line between being wrong with a post and being an active member of the Canasta game group:

My group is considering lawsuits against FHFA.

BRADFORD'S SA, SPONSORED BY @BillAckman
🆕paradigm:"FnF remain in Conservtrshp since 2019",brain cracking, despite
-NW increase=SPS increased for free
-1st,Watt-Mnuchin's $3B in Dec 2017
-SPS & offset(↓Retained Earnings)absent from the Bce Sheets
-$0 EPS as a result👇#Fanniegate https://t.co/4xuRHwTUKT pic.twitter.com/DgK4lPN1f3

— Conservatives against Trump (@CarlosVignote) February 17, 2024