Fannie Mae-No Politics (FNMA)

[Wise Man]

President, CEO and serves on Fannie_Mae's board of directors.
You can't make this shit up.
The same person holding the job of President and CEO has always been controversial and it's discouraged, as the President serves as a balance position to counter the power of the CEO.
The CEO is in charge of long-term goals.
The President is in charge of the corporate picture: costs, marketing, etc.

But a CEO serving on the BODs is even more controversial. The BOD oversees the management. This can't be done if a CEO is in the same table with other board members.

It could be one of the reasons of the Financial Statement fraud in FnF, with the SPS LP increased for free and its offset, absent from the Balance Sheets since December 2017 (not the initial $1B SPS LP issued for free and its offset with reduction of Additional Paid-In Capital account -Core Capital-)

, in order to peddle the lie of "FnF continue to build capital through retained Earnings", later echoed by the hedge fund managers like Bill Ackman and his clerk, Bradford, along with the FHFA director, ST.
We are witnessing how the CEOs of both FnF grab more power in order to conceal this fraud that, in turn, would unveil the prior Separate Account plan with the dividend payments, as both divs and SPS LP increased for free are capital distributions restricted, and the exceptions kick off to legalize them. It works as follows:
- Pay down the SPS (U.S. Code §4614(e)) and recapitalization outside the balance sheets (CFR 1237.12), with the dividends (assessments sent to the Treasury)
- Common Equity held in escrow, with the SPS LP increased for free, as we can see in this image:


Also in compliance with the FHFA-C's Rehab power.

We see that FnF build Capital Stock (SPS) not regulatory capital, and not even the FHEFSSA-invalid capital metric "Capital Reserve" (Capital Surplus in the Federal Reserve System).

Don't expect the FHFA to bring it up, with its long track record of breaking the laws: PLMBS, CRTs, artificial losses, etc. Actually the FHFA is behind this fraud, knowing that ST arrived at the FHFA in 2013 as Deputy Director in charge of "regulatory policy, capital policy and financial analysis". Jackpot!