Fannie Mae-No Politics (FNMA)

[Wise Man]

JESUS! Can't you see that dividends and today's gifted SPS LP are Capital distributions restricted?
Both number 1 in its statutory definition, just in case you haven't learnt it in a book in Finance: a dividend is a distribution of Earnings (Retained Earnings account is Core Capital) and SPS are capital stock (The Lamberth rebate is number 3, approved through the CFR1229.13 in the Final Rule of July 20, 2011)


The exceptions kicked off in order to legalize them, despite the desire of FHFA and its Hedge Funds guard to turn itself into an outlaw Federal Agency, under the FHFA-C's Incidental Power "any action authorized by the Rehab power", that states: "Restore FnF to a sound (Recap) and Solvent (reduce the SPS) condition".
◾️Reduce the SPS (U.S. Code §4614(e)): 10% and NWS dividends (it recapitalizes at the same time, as the SPS are reduced with simple cash, not with cash dividends.
◾️Follow-on plan: "(c) it supplements.....". Exceptions 1, 2, 3 and 4: For their Recapitalization: CFR 1237.12 in July 20, 2011:
Either
- Outside the balance sheets when they saw that the SPS were going be fully paid down soon (end of 2013 and end of 2014, in Freddie Mac. -Chart below-, and Fannie Mae, respectively), the FHFA needed another exception to apply the dividend payments towards (assessments FHLB-1989 style, not actual dividends).
And
- Internally, with the Common Equity held in escrow, currently in place in the 3rd phase with the SPS LP increases 1:1 Net Worth increases, as compensation to UST in the absence of dividends. It works as follows: FHFA: "Just joking! It'll be unwound. Zing!". No intention of these gifted SPS as of December 2017, to stay, due to the fact that they are already missing on the Balance Sheets ($132B). Financial Statement fraud though.


The scammers are pressing so hard playing the fool, that now they are called The Diapers Gang.

Bradford is living the American dream: to work for a renowned hedge fund manager and mess around with the retail investors 24/7, like many others.
SPS Write down means debt forgiveness, Argentina-IMF style.
There aren't SPS outstanding under the Separate Account plan.

commons up today, hooray!
in my view, they have value if the government writes down the value of its spspa.