Replies to post #730468 on Fannie Mae-No Politics (FNMA)

[Golfbum22]

will our lawyers use this info? LOL

great stuff
thx

[Fnmaman]

Thanks, Navy. This is great. They are fkd big time.

[Clark6290]

Extremely old already known news, not worth arguing in court

[Hvp123]

Judge Royce C. Lamberth of Federal District Court said: ''It is clear that the decisions here were made at the highest levels of Government, and the Government itself is -- and should be -- accountable when its officials run amok. There were no rogue lawyers here misleading this court.''

Rather, Judge Lamberth said, ''the executive branch of the Government, working in tandem, was dishonest with this court, and the Government must now face the consequences of its misconduct.''

For instance, for a decade, Lamberth prodded along the massive, lumbering Indian trust fund case, cementing his reputation as something of a maverick who demanded that government agencies live up to the standards of good faith and fair dealing that the public deserves.

[Wise Man]

The decision of the 3rd amendment (NWS) was made in mid 2011 with the FHFA's Final Rule "Conservatorship and Receivership", where it snuck the CFR1237.12 that enacted a new exception (for their Recapitalization, in an escrow account) to the Restriction on Capital Distributions.
If you don't know that a dividend is a capital distribution, you'd better go watch the TV instead. Then, the dividend payments are restricted.
So, in 2011 they were already thinking that the prior exception in the law: to reduce the SPS, was going to be exhausted (SPS fully repaid in 2013 for FMCC and 2014 for FNMA) very fast with the coming 3rd amendment (NWS) and they needed another exception to continue with the secret plan of doing a different thing under the guise of dividend payments.
The evidence that this regulation is the major policy in the conservatorship, is that they made sure that the effective date of this rule, July 20, 2011, coincided exactly with the time limit for Acting Directors (210 days). So, the NWS is legal, as this rule enabled it through today's NWS 2.0, building capital beyond capital buffers thanks to the conservator's Incidental Power: in its best interests.

The NWS is no other thing than the fastest gear for this secret plan of depositing funds in an escrow account at the Treasury Dpmt, because the 10% dividend prompted the death spiral: FnF had to tap the UST for funds, with the objective to pay the dividend to UST. Don't you see that it is crazy? The plaintiffs talk about the net amount, as if this was a normal operation.

The idea that the former CFO McFarland said two weeks before the NWS that FnF were going to enter in a period of sustained profitability is insane, with Europe in the middle of a crisis and a sluggish economic recovery in the U.S., kind of wannabe market guru, because she doesn't know what was going on with the dividend payments while in conservatorship, as the dividends were RESTRICTED no matter what.
The decision of the August 2012 NWS, was made in mid 2011.

McFarland didn't have powers while in conservatorship, so requiring to know her opinion is another felony in the chain of events that form this conspiracy to defraud the United States (defraud congressionally chartered private corporations)