Fannie Mae-No Politics (FNMA)

[Wise Man]

BOOM. CONSPIRACY YELLEN - SANDRA THOMPSON UNCOVERED.
Sandra Thompson's attempt to pass the Net Worth off as capital available, pretending that that's what is required, like in the requirements for sellers of mortgages to FnF (both banks and non-banks).
FnF are non-banks, but they have their own law FHEFSSA with capital metrics and capital requirements, recently updated with an authority in HERA, adopting the same Basel Framework for capital requirements that applies to the U.S. banks, and pursuant to the 2011 UST Report to Congress, as "recommendations on ending the conservatorships", at the request of the Dodd-Frank law: "Treasury recommends g-fee hikes to eliminate their unfair advantages in capital, as if the risk was held by the private banks. Etc."

They write the Net Worth amount. Then, they subtract the SPS.
LIke saying:"You see...The SPS are to blame. I've done everything great. Just proceed to cancel the SPS or a swap for Cs."
It's all about the Retained Earnings acct. Sole acct that absorbs the future losses.
Adj $-216B pic.twitter.com/2OgqOHyc9g

— Conservatives against Trump (@CarlosVignote) May 13, 2024

And secretary Yellen provided the alibi, as President of the FSOC, with a press release on May 10th attempting to cover up that there are already FHFA's Eligibility Requirements since 2015 for non-bank mortgage servicers, related to their Net Worth, which is what Sandra Thompson is doing with FnF, as we read in the written testimony to the Senate in the recent hearing: "FnF have $125B Net Worth", pointless in FnF that are subject to the ERCF, and also seen in the way that FnF calculate their capital metrics, beginning with the Net Worth or Equity, as a way to pretend that the NW is capital available.

YELLEN & ST PRETEND TO BE BUSY
In FnF, soundness is about capital metrics, not NW.
ST, FHFA Deputy Dtr since 2013:
-Capital regulation: Critical C.level missing👇
-C.policy: C.deep in the red
-Financial Analysis: Financial Statement fraud(gifted SPS/offset are missing)#Fanniegate https://t.co/mqo7c4ZIb0 pic.twitter.com/L4k1SQ6Wjr

— Conservatives against Trump (@CarlosVignote) May 13, 2024