Replies to post #752225 on Fannie Mae-No Politics (FNMA)

[Wise Man]

NWS 2.0 is illegal, unless it's declared "a joke".
(3rd phase of the Separate Account plan, after the 10% and NWS dividends)
I've mentioned that these gifted SPS are a capital distribution, restricted.
But there are EXCEPTIONS to the Restriction on Capital Distributions in the FHEFSSA and, since July 20, 2011, the CFR 1237.12 preparing the case of SPS fully repaid, the FHFA needed more exceptions to apply the capital distributions towards: the Recapitalization in a separate account at the Treasury Department and a Capital Reserve (build AOCI which isn't core capital, in a separate account too)

A joke goes like this. Conservator: "Zing! In truth, the common equity was held in escrow (just like the 10%/NWS dividends), pending unwinding this operation with the cancellation of these SPS. It was done, in the best interests of the Agency and authorized by this section (Recap power). Because we read 'authorized by this section', not like the blind Supreme Court and Sweeney. You see, can't stop joking! Lol"
We are here to legalize all the actions, not for a do-over. The officials are doing all the racketeering activity they can, seeking a Takings or a do-over. They don't know that everything would be adjusted and legalized. Ouch!