Fannie Mae-No Politics (FNMA)

[Wise Man]

CORRECTION. Ackman didn't remove "re-privatization" from his GSE slide of this year, published on February.
At the time, I had a look to the bullet points and spotted that the sentence with "re-privatization" that was written at the bottom of the slide in black letters the prior year, was omitted.
Yesterday I checked it out and realized that Ackman had made the executive decision to "upgrade" it to the top of the slide, as a headline, and written with blue marking paint. This is why it went unnoticed.


This isn't just speculation because it involves felonies, like the coverup of statutory provisions, regulation and basic financial concepts (Making False Statements), an elaborate plan of deception for stock price manipulation and assault attempt on the ownership of FnF (Common stock. JPS holders have "other ownership interest"), colluding with the FnF management and the conservator with their Financial Statement fraud (SPS LP increased for free and its offset, absent from the Balance Sheets) providing the alibi and, the key for being liable for $4.8B in Punitive Damages among all the plotters, it's carried out through formal documents that have more influence on the market price than just an opinion on social media "free speech", regardless of being a letter to Pershing's shareholders, or Hindes with: "To my partners". It's an official statement with the pomp of a corporate document and written as executive of that corporation, that it's made publicly available by simply posting it online and not sent by private email or mail to each shareholder/partner as it should be.
The same with the court briefs (abuse of court process), articles in SA with an editor, posted later on all the financial websites for the stocks in question, books, financial analyses, etc.
Playing the fool isn't an option. Attorney for Berkowitz, Bhatti, Robinson, Collins and Rop, David Thompson, in a conference call hosted by Pagliara:

With respect to capitalization, I am not a regulatory lawyer. I am a litigator....That's being watched by a number of sofisticated lawyers...

22:30 mark:https://web.archive.org/web/20200619174039/https://investorsunite.org/wp-content/uploads/2020/01/1-24-IU-Teleconference-Audio.mp3

It explains why FnF have now an adjusted $402B core capital shortfall over Minimum Leverage ratio requirement as of end of 2023, expecting massive stock offerings for the hedge funds that pay him lying in wait.
He isn't challenging the SPS LP increased for free that carries an offset with reduction of Core Capital, selling it as a wonderland, where the UST gets rich with gifted SPS and, at the same time, FnF are being recapitalized (which means to build regulatory capital), based on the Financial Statement fraud in FnF, with gifted SPS/offset missing on the balance sheet.
And even he is using this fraud by FnF to claim "Constitutional damages" caused by the "for cause" removal restriction (it prevented the appointment of Calabria from happening sooner), and last but not least, using fabricated evidence (the Trump letter).
Let alone the "Lamberth rebate" for back dividends on the Non-Cumulative dividend JPS, which is another capital distribution restricted that he covers up, like dividends and SPS LP increased for free, which are the grounds of the Separate Account plan through the exceptions to this restriction by statute (repay the SPS/recapitalization) and the CFR 1237.12 (for recapitalization), necessary for the FHFA-C's Rehab power (in a sound condition means to build regulatory capital -Soundness-) and to comply with the ERCF. Primarily because the prior MANDATORY release was Undercapitalized capital classification, when the Core Capital is greater than the Minimum Leverage ratio, previously known as Minimum Capital Level.

The capital levels are the foundation in a financial company, but the self-proclaimed "unsofisticated lawyer" said "I'm not a regulatory lawyer" in a question about the capitalization of FnF, and a lawyer who is now asking for debt forgiveness (SPS LP cancelled), Argentina/IMF-style, after leaving FnF severely damaged thanks to his con job in the U.S. courts.
Double penalty for those playing the fool.