The FHFA is pretending to be a regulatory Agency.
FnF are regulated by the Charter Act to begin with.
This is why the FHFA, pretending to be busy, came up with an out-of-the-box idea about Freddie Mac granting personal loans at a 9.5% rate with the collateral valued at all time high, just after the FMCC CEO with 30+ years of experience in mortgage finance, resigned (Fannie Mae is kept by the FHFA to continue the extortion), that has been posted on the Federal Register for comment, a few years after the banks stole from FnF the business of Equity loans authorized in the Charter Act, during the refinancing boon, in cash-out refinancings and in collateral-sharing deals ($2+ Trillion second-lien mortgages outstanding with the collateral owned by FnF should be repurchased). Both operations aren't the same.
Just like the UPMOST Regulatory Agency, the FSOC (the regulator of regulators), presided over by the UST, requiring Congress an authority of FHFA to establish standards for the nonbank mortgage servicers, when it's in place already since 2015 with regard to their Net Worth (and Liquidity).
The FSOC, thus, providing the alibi to the FHFA, in order to conceal that the FHFA is using also in FnF the Net Worth to measure their financial condition, instead of the capital metrics as per the FHEFSSA and the Basel Framework recommended for the release by the UST in 2011.
The S.E.C. providing the cover-up of the Financial Statement fraud in FnF, with the gifted SPS LP and its offset (reduction of Retained Earnings account) absent from the balance sheets.
This way, these regulatory agencies and the FSOC, want FnF to meet the capital requirements with SPS LP increases, which is what is now going on.
It occurs in the midst of a banking crisis, with trillions of unrealized losses in investments in debt securities in the banks that remain unaccounted for in Equity (flawed Held-To-Maturity portfolio), both Liquidity and Solvency risks, and therefore, vulnerable to a round of rumors by the usual suspects on the social media and financial news outlets that would trigger a bank run. Nowadays, they've been ordered to remain quiet, but this can change with a phone call.
Financial Agencies called "Prudential regulators" in a hearing scheduled for Wednesday in the Financial Services Committee.
Federal Agencies that have approved the product unbacked crypto, flawed product from the financial point of view because any security, like this token, needs fundamentals (a legal claim on some future amount: common stocks, JPS, bonds, etc. Or, a legal claim on a collateral with the lack thereof, like in tokens) and a scam to rip off investors. Then, they pretend to be hostiles over this product, with the prior crew that awaits orders repeating the slogan: "The S.E.C. chair and senator Warren are tough on crypto". Any token needs to be 100% backed up with something, otherwise it can't be offered to the public because you are selling hype.
The U.S. economy is vulnerable, which is the opposite of "prudential regulators".
Let's pretend. All fake.
AI
