That's false. The law says that the Capital Distributions are only allowed to repay the SPS (HERA's Restriction On Capital Distributions. Exception B) or their recaptialization (2011 FHFA's 12 CFR 1237.12 (1)) If the Govt says that it's not what it's doing, more than $300 billion funneled to the Treasury must be returned and the plotters brought to Justice. You are telling us a childish and low-profile story of bank robberies and thieves and I'm telling you the statutory provisions.
It seems that you don't want the JPS' dividend be earmarked for their recapitalization, but that's basic finance.
Would you buy such a security in this market at par? Would you pay a premium of 75% to buy this security? If you would pay a premium, then the securities are worth $331 billion and the government profit on its investment is $387 billion.
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