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Thursday, April 18, 2024 1:19:37 AM
You only talk about HERA, despite that HERA only inserted amendments in the FHEFSSA (and the Charter Act).
Thus, without amendments, the Critical Capital level remains as is. And therefore:
An enterprise shall be classified as critically undercapitalized if—
(ii)does not maintain an amount of core capital that is equal to or exceeds the critical capital level for the enterprise;
12 U.S. Code §4614(a)(4)
The FHFA is breaking the law when it doesn't post the Critical Capital level in the ERCF, as conservator of FnF.
The critical capital level triggers a Conservatorship.
You've been called out about this issue before. Get a grip.
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