Thursday, May 16, 2024 3:34:51 AM
It doesn't refer to the Net Worth, otherwise you would see low profile officials handing out SPS LP for free to the government, for every dollar of increase in their quarterly Net Worth, which would raise the eyebrows even in China, which is what is happening.
Therefore, the FHFA can carry out a Separate Account plan in bad faith and unfair dealing, that is, lying about it. But, instead of spotting this Incidental Power and the exceptions to the Restriction on Capital Distributions, that would unveil a Separate Account plan similar to the one already carried out with the FHLBanks in 1989, with a statutory provision entitled SEPARATE ACCOUNT FOR THE REPAYMENT OF PRINCIPAL OF THE OBLIGATION RefCorp, along with the fact that the JPS contract or prospectus shown in the image below (at the BOD's discretion) and the law (Restriction on Capital Distributions) allow the suspension of the dividend payments (for the recapitalization, not on a whim), the Fanniegate scammers rose the flag of a breach of "implied in fact contract", just because they are annoyed with the fact that their dividend is kept by FnF for their recapitalization and that's Common Equity.
A dividend suspension clearing explained by the FHFA in the 2011 Final Rule "for the transparency of the conservatorships",
Where now, it must be added a 25% of the Prescribed Capital Buffer for the resumption of dividend payments, with the Table 8: Payout ratio, enacted in the Capital Rule.
First, they must learn that "Payout ratio" refers to the percentage of the Net Income that can be distributed to the Equity holders as dividend.
BECAUSE DIVIDEND PAYMENTS ARE NOT INTEREST PAYMENTS. And there is no such thing as "Mandatory dividends" or "dividend obligation", as stated by the Wall Street law firm representing the FHFA, but the DOJ is behind moving the threads.
Let's pretend. All fake.
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