Replies to post #759664 on Fannie Mae-No Politics (FNMA)

[Wise Man]

SPS conversion destroys the JPS too.
The remedy sought by the corrupt litigants has no legal basis. $193 billion SPS considered "repaid" (the $103B gifted SPS stay to stage "haircut", so the JPS mimic this haircut too, Mnuchin told us in Calabria's book. Measure tailored for his buddy Berkowitz, a JPS holder)
So, as if by magic, these SPS will dissapear, without any statutory provision to back it up.
This is struck down right away.
The outlaws are reluctant to apply the laws in force, all day with cover-ups, tricks, staged emails, etc.
On the other hand, with the Separate Account plan:
-$191B SPS dissapear because they are the ones corresponding to the actual draws from UST, that were reduced with part of the $301B cash "dividends" (a capital distribution restricted when FnF are undercapitalized), using the exception B to this restriction:

-$2B SPS: the initial SPS issued for free that reduced the Additional Paid-In Capital account and thus, their Core Capital, which is barred in the FHFA-C's Rehab power, besides barred in their special borrowing right from UST.

-$103B gifted SPS. These are the SPS increased for free since December 2017 that are missing on the balance sheets. As compensation to UST using stocks, it's considered a capital distribution too (watch the definition of capital distributions in the law). Therefore, restricted. Like in the first case, instead of declaring it illegal (No do-overs allowed), we legalize them applying them towards the exceptions to the restriction on capital distributions. In the July 20, 2011 CFR1237.12 it was enacted 4 exceptions that mean "for their recaptialization" (the SPS were soon to be fully repaid with the coming NWS dividend, and they needed another exception to apply the capital distributions towards under the guise of dividends) Thus, we consider that the common equity is held in escrow, pending unwinding this operation with the cancellation of the SPS and, subsequently, the Retained Earnings or Common Equity is back up. In truth, we don't need to do anything with these $103B gifted stocks and their offset, because they are already missing on the balance sheets, for which we will receive a compensation from the DOJ as vicariously liable for the FHFA's actions, for this securities law violation (Financial Statement fraud)