![](https://investorshub.advfn.com/uicon/732548.png?cb=1669206596)
Sunday, May 19, 2024 12:41:49 AM
FnF are congressionally-chartered private corporations with their own bailout mechanism to finance their operations (either buying Debt or Equity) as a last resort, in the same section (Purposes of the Charter) with their Public Mission that made them take on more credit risk and not properly compensated, with the authority of Treasury to purchase obligations at a rate that takes into consideration the Treasury yields, as of the end of the month preceding the purchase (subsection c)
![](http://investorshub.advfn.com/uimage/uploads/2023/1/31/hwmcvIMG_20230131_094415.jpg)
There is not "govt backstop of the real estate market" or Govt Implicit Gtee on MBS, as stated by the plaintiff Joshua Angel in this board a few days ago, but a UST backup of FnF upon "capital deficiency" (SPSPA), that is, negative Net Worth (watch the chart with Freddie Mac below to see how it played out)
The law professor Nielson, SCOTUS-appointed amicus representing the FHFA in the important case Collins, spotted it right away.
![](http://investorshub.advfn.com/uimage/uploads/2023/11/17/e[hp[IMG_20220210_185814.jpg)
The hedge fund managers that you know, forgot to pay him off.
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