Fannie Mae-No Politics (FNMA)

[Wise Man]

First, it wasn't Mnuchin. Secondly, the SCOTUS wasn't informed that the NWS had ended.

Mnuchin sent SCOTUS a letter stating that he and Calabria had ended the NWS. One of the justices even referenced that letter.

It was the Solicitor General, Perdogar, who sent a letter informing that "the most recent amendments" (September 2019 and January 14, 2021) of the Purchase (not even one security purchased) Agreement (both with Calabria-Mnuchin), and that the compensation to the Treasury had changed:

the enterprise will compensate Treasury through increases in the (SPS) liquidation preference rather than through variable cash dividends.

Obviously she repeated the slogan that FnF will build capital, because she is an "unsophisticated lawyer" (atty D.Thompson) and she doesn't know that the gifted SPS carry an offset that wipes out the regulatory capital just built.

That is, the same Common Equity Sweep as before with the dividend payments. Called NWS 2.0 because there is no NWS, but a substitution of Common Equity for SPS (concealed with fraud, as these gifted SPS are absent from the Balance Sheets).
She also ignores that a compensation with shares in the absence of dividends, is also a capital distribution, like the dividend payments (10% and NWS dividends), and thus, restricted.


Perdogar never mentioned that it occurred in a 4th amendment of the PA (she only talk about "the most recent amendments"), which was what Justice Alito pointed out (it'll be the 5th and 6th PA amendments), following instructions, because later the plotters continue with this idea of 4th amendment, in order to make people mistake it for the 4th amendment of the SPS certificate, dated April 2021 (it simply reflects what was approved in the prior PA amendments) with secretary Yellen in office, and thus, an attempt to get Yellen involved in these Machiavellian PA amendments, specially the one of January 14, 2021 with all the flawed concepts: "Capital Reserve End Date: when the Capital Reserve meets the capital requirements", etc.
Someone told Justice Alto to call it "fourth amendment".