Saturday, June 29, 2024 3:40:56 AM
What happens is that, instead, a group of scammers are colluding with the Federal Agencies aiming for the sacking of FnF and the assault on the ownership (Common Stock), under the premise that the FHFA can do whatever it wants.
Very different.
The use the judiciary for the conspiracy, because they are unsophisticated lawyers that ignore that a dividend payment is a distribution of Earnings, not interest payments; The definition of capital distribution, even if it's written in the statute FHEFSSA, they just have to peddle that the law is HERA and not the FHEFSSA, so no one can read the definitions:
-"Beneficial to the FHFA", instead of "in the best interests of the FHFA" in order to transmit the idea that the FHFA can take the capital away in Critically Undercapitalized enterprises for its own monetary benefit;
-Omission of requirement that the actions must be "authorized by this section". For that, you have to learn that "put (restore) in a sound condition" is about building capital, and that would be the Retained Earnings account (CET1).
-Cover-up of the Restriction on Capital Distributions; Exceptions: reduce the SPS and, later on, recapitalization outside their balance sheets or, nowadays, CET1 held in escrow (concealed on their balance sheets, with gifted SPS/offset missing)
-Omission that the rehabilitation of a financial company (FHFA-C's Rehab power) is about their financial condition as seen on their Balance Sheets, currently with a whopping $402B core capital shortfall over minimum Leverage capital level, but a CET1 = 2.8% of ATA under the Separate Account plan, enabling the redemption of JPS.
-SPS LP increased for free and its offset, absent from the Balance Sheets (Financial Statement fraud).
-Etc.
DeMarco was the fix-it man that enabled the regulatory framework that made all their actions lawful, so they could continue to peddle their big lies in court and on social media (a Common Equity Sweep carried out by 3 White House administrations. It's illusion because it doesn't exist in reality).
DeMarco understood it right.
With "deference to a Federal Agency", the plotters wanted the courts to twist the law and legalize the unlawful actions, notwithstanding that they are already lawful thanks to DeMarco and the Separate Account plan, and, since yesterday's Supreme Court opinion overruling Chevron, with the "no deference", now they will seek to peddle the idea of "abusive cosservator" that exceeded its powers, for the "blame DeMarco doctrine".
A #SCOTUS decision re #Chevron that establishes deference for administrative action, can't be used in #Fanniegate for the "Blame DeMarco doctrine".
— Conservatives against Trump (@CarlosVignote) June 26, 2024
He deliberately enacted the supplemental CFR1237.12,enabling a follow-on Separate Acct plan.#Trump built on it: Gifted SPS(NWS 2.0) https://t.co/9N0M7imwTP
Thank goodness that this attack with the "blame DeMarco doctrine", which is what entire trial in the Lamberth court was about for the fiction of "breach of Implied Contract", was defused before it happens.
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