Fannie Mae-No Politics (FNMA)

[Wise Man]

Watching the time sequence of Capital Available versus the different thresholds possible for the release from Conservatorship,here, we can come to the conclusion that Bruce Berkowitz was following closer the Separate Account plan and their capital levels, and he withdrew the motion to compel compliance with judge Lamberth's subpoena to Treasury to produce the "hidden documents" that would have uncovered it, in August 2021, when he was told, not only that with the new capital metric added up in the Capital Rule, Tier 1 Capital, the Undercapitalized threshold for the release (2.5% of Adjusted Total Assets) wouldn't be achieved until one quarter later, the 4Q2021 in Fannie Mae, but also that, under the Table 8: Payout ratio, the dividend payments wouldn't be resumed and that's the driver of his holding in Preferred Stocks (it's when their fair value fetches the par value), so the FHFA was thinking of continuing the Separate Account plan and the con operation in court, to the maximum extent possible (point 5 in the time sequence) achieved a few days ago with the laggard Fannie Mae, for a membership cleansing (JPS redeemed) before a Housing Finance System revamp.
Basically that, to the prior Regulatory Risk, he now will have to add Conservator Risk.

It's when Berkowitz went mad and decided to go all in with the Government theft story: A trial for an "Implied in fact contract claim", a Takings case in the Supreme Court through one of the co-plaintiffs, Andrew T. Barrett (petition of writ of certiorary, denied) and turned into Youtuber last week with a video insisting on a despotic Federal Agency to make his Takings case in court.
Let alone a Takings with the attorney-mercenary Bryndon Fisher selling smoke with a "Derivative Takings" claim (on behalf of FnF), already filed by Barrett and secondly, for a common shareholder, a Derivative claim turns into a Direct claim, because all the Net Income posted by FnF is attributable to the common shareholders (all of it, regadless that it's kept by FnF as Retained Earnings later, instead of distributed as dividend), after the dividends to the preferred stocks (contract claim or Direct claim), posting a Google Drive file instead of a document electronically filed in court.

Berkowitz can't have the perception that he can abuse the court process to satisfy his investment cases, and then, get away with it.
This is why all the plotters are liable for the payment of Punitive Damages to the Equity holders.