Fannie Mae-No Politics (FNMA)

[Wise Man]

There you go! The same GSE slides/staged emails always posted by the combo Bradford/Ron "Rum", with their multiple aliases.

The 2011 Privatized Housing Finance System revamp chosen for the release, recommending an increase in the guarantee fees to reflect their risk, so they can be subject to the same capital standards as the fully private sector (Charter revoked), that is, Basel framework for capital requirements, a Report to Congress required in the Dodd-Frank law, and, at the same time, the categorical stance by the former Treasury secretary Geithner: "Don't listen to banks", at a time just after the HR 1859 was introduced in Congress (May 12, 2011) three days after China VP Qishan said to Geithner on national TV (Charlie Rose interview) with a petrified face: "Housing hasn't been addressed yet", aiming the assault on FnF for free, as explicitly stated in the ICBA plan of 2011, two months before:

kick-started the con operation in the U.S. courts pretending that a Conservatorship for the financial rehabilitation is, instead, a Nationalization, led by Berkowitz and his attorney David Thompson, Bill Ackman-Fried who is, allegedly, our market maker with a large short position in FnF at the same time, etc, their social media crew and, finally, the WH advisors sending each other emails stating that they are gonna steal everything from FnF, as part of the same plan to conceal the ongoing Separate Account plan in accordance with the law, rules and basic Finance (3rd phase: SPS LP increased for free, a capital distribution restricted is applied towards the exception: Recap, as per the CFR 1237.12. That is, the Common Equity is held in escrow through the offset attached to gifted stocks. Concealed with Financial Statement fraud: SPS LP absent from the balance sheets).

The goal is always the same: to cover up or twist the statutory provisions. For instance, the Treasury using the Charter Act of FnF for its 2009 MBS purchases program to purchase MBSs from Blackrock & Co in the secondary market, when it's about purchases of MBS from FnF in the TBA market, that is, a UST backup of FnF to finance their operations as a last resort (the operations are financed both with debt and Equity) and in exchange for their Public Mission that no other company has (not even the FHLBs, as this Public Mission "Purposes" is unrelated to the "Housing Goals" inserted by HERA, goals that always lag the market, pointed out by the very FHFA), commented yesterday.

I wouldn't be surprised if the Treasury Department now wants to pardon the debt outstanding that FnF owe to it, as part of the twisted Charter dynamics, Argentina/IMF-style, which is the same stance that someone that has just come from other planet would say, because these officials wouldn't tell the extraterrestrials what has happened before. For instance, the extraterrestrials wouldn't know that the ERCF tables exist, which is the case of many people from this planet nowadays, who don't even have any excuse for not knowing that the statutory Critical Capital level is missing in the ERCF.
It's not that we have to repeat the same things over and over again, the thing is that we have to start explaining them since 1992, so they can see that the Critical Level level is missing, that there was a MANDATORY release Undercapitalized in the prior law, currently a Core Capital or a Tier 1 Capital
> 2.5% of the MBS Trusts with the new Capital Rule, when before it was just 0.45% (Regulatory Risk concealed by the holders of non-cumulative dividend JPS, as their dividend is suspended for the Recapitalization of FnF), that a conservatorship has nothing to do with the Federal Government, etc..

The Charter dynamics can't be subject to random officials in the Administration (Blackrock, Citigroup, GS, ...) stating that the Treasury has to be appropriately compensated, against the Charter dynamics, and even dare to approve CRT operations barred in the Charter's Credit Enhancement clause, promoted with the pomp of CRT symposiums, just after their PLMBS were sold off, which were barred as well in the same clause, and also numerous DOJ and SEC attorneys that also have come and gone from Wall Street law firms during the Conservatorships (Mooppan, "Jody" Hunt, Daniel Kahn "Deputy Assistant AG criminal division", the solicitor general Noel Francisco who let Mooppan take his post before the SCOTUS, SEC's Clayton, etc) but a continuation of the plan that started out with the mandate to Treasury of recommendations on ending the conservatorship in the Dodd-Frank law.
Let alone letting the battered holders of JPS to opine. A made-up fixed-income security created exclusively for capital adequacy matters (Core Capital) and the reason why they get a higher dividend rate than the interest rate on similar obligations by the same issuer. Obviously, they rather see their dividend suspended kept by the Treasury, instead of kept by FnF, so they can call for an Equity restructuring for a swap JPS for Cs that would make up for their losses.

What it looks like, is a series of officials that leave their post without telling their replacement anything about the Separate Account, and the new official, when he finds out about it after reading the Fanniegate hashtag on Twitter or this message board, is replaced with an offer of a top job that he couldn't refuse.

This explanation of the Conservatorship of FnF and the rehabilitation, in accordance to the law, rules and finance, is a blow to the FHFA and the Treasury Department:

HOUSING FIN SYS REVAMP TO PERFECTION
Chosen in 2011 for the release🆚prior MANDATORY Undercap (Tier1 C.>2.5% of ATA) struck by HERA.
Laggard $FNMA: CET1 >2.5% in Q3, for JPS redemption(AT1),so T1>2.5%, but 22% of C.Buffer<25% for div resumption.
Hence Q4:40%$FMCC=102%#Fanniegate pic.twitter.com/cIyfWf16EV

— Conservatives against Trump (@CarlosVignote) February 23, 2024