No SPS LP will ever be cancelled or written off.
Mr. Pro Se is repeating the mantra from his colleague Bryndon Fisher, the cattle market-style negotiator (and we will throw in some goats!).
The SPS LP corresponding to the draws from UST (1:1 increase) has been paid off through December 2013 in Freddie Mac and December 2014 in Fannie Mae, with the assessments sent to UST under the guise of dividends, as per the U.S. Code 4614(e) and the supplemental CFR 1237.12.
With respect to Trump's SPS LP increased for free initiated in December 2017 jointly with Mel Watt, it isn't necessary to do anything because, although illegally (Financial Statement fraud), they don't appear on the Balance Sheet, which bodes well for the assertion that, under the law, they are officially declared "a joke", with no intention to ever stay: a capital distribution #1 restricted, they have been used solely to hold the Common Equity in escrow, which upholds the FHFA-C's Rehab power (restore soundness and solvency).
Everything, under an authority of FHFA to "take any action authorized by this section,....", such as a Separate Account plan, and the opportunity it spotted to beat up the shareholders of private corporations, just because it isn't included "to act in the best interests of the shareholders" in its mandate, typical in a Conservatorship to turn everything around, which was translated into "actions against the shareholders". Good for you!
It isn't the same. Primarily, with your stance, FnF would have to pay Income Tax on that amount. Secondly, you are asking for debt forgiveness, because you don't tell us how the SPS LP has been repaid. You just see that the amount sent to UST is higher than the principal of the SPS and, done! The UST has been repaid as if by magic.
You are attempting to shelter all the crooked litigants that have covered up many statutory provisions, beginning with the Restriction on Capital Distributions and the original UST backup of the enterprises at rates similar to Treasuries in exchange for their old Public Mission related to secondary market operations -MBSs- (no subsidized guarantee fee anymore), never Special Assistance functions that were kept by Ginnie Mae when it was spun off from Fannie Mae in its Privatization in 1968.
The crooked litigants that, in turn, are instrumentalities of the hedge funds.
The $4.8B in punitive damages against those peddling the government theft story, will clear things up.
Curiously enough, after multiple felonies have been committed deliberately, the Fanniegate attorneys are accused of sheltering the fraudsters, cover-ups, become instrumentalities of others, and also accused of, as only defense strategy, rely on judges and social media lobbyists to change the fate, which is exactly what the Trump attorneys are accused of too, in the Florida case, related to taking Agency confidential documents with him at the end of his tenure.
They are cut from the same pattern.
By the way, this looks like a response addressed to you.
