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Wise Man

03/02/23 2:06 AM

#749939 RE: Robert from yahoo bd #749928

Everything surrounding FnF is statutory, so quit commenting other cases unrelated to our cause.
Any action "beneficial to the Agency" must be authorized by the Conservatorship section and there is also all other statutory provisions that the corrupt litigants have covered up.
The conservator's power: Put FnF in a sound and solvent condition.

Calabria has just endorsed the Separate Account plan, as the only plan that legalizes everything that has been done.

Retained Earnings is Core Capital. You can't take their profits away or increase the SPS for free, which has the same effect of reduction of Core Capital (concealed with Financial Statement fraud blessed by the S.E.C.). This is why that Common Equity is held in escrow, and they lie about it "in the best interests of the Agency" (Opportunity)
This isn't a case of "abusive Conservator" or "unaccountable Agency", if everything is statutory. Fanniegate is a case of an Executive branch with a free pass for stock price manipulation and corrupt litigants owned by the hedge funds/investment banks.
This is why it's important to have a negotiator that doesn't lose track of the numbers, reflected in the Common Equity amount held in escrow and the expected cash refund from the UST and also from the FHFA with the $25.5 billion worth of PLMBS lawsuit settlement, less $500 million for the private law firm fees.
All the lawsuits are meritless: the dividend was impeccably suspended. The corrupt litigants must be held accountable.
CASE CLOSED.

Clark6290

03/02/23 5:02 PM

#749982 RE: Robert from yahoo bd #749928

The whole idea of using the Hero Act (college students now heroes is a sick joke) to be justification to eliminate a portion of student loan debt is sickening. What next, mortgage and car payment forgiveness? Don't worry, the GSEs can fund this 1/2 billion expense; otherwise, let's just add it to the US debt pile.

Blue collar workers that did not go to college paying taxes for potentially white collar workers to go to school with their tax dollars.

Students that take loans to go to "credentialed" colleges and universities (e.g., University of Pheonix, Southern New Hampshire University, National University, etc.,) who have a paper degree that are useless; much like any online degree program.

So far no court has ruled in favor of the GSEs, guess SCOTUS will side with the government and pay for student loan debt on top of enabling this "college graduates" loan forbearance for the previous three years.