Replies to post #760611 on Fannie Mae-No Politics (FNMA)

[RickNagra]

It’s Thacker time.

[Donotunderstand]

Thanks

[44centsAKAchoccake]

What is Professor Thacker's full name and where does he teach? Do you have the same info for the other witnesses. Is the expert witness testimony available somewhere? I used to work at NERA Economic Consulting, but on "public utility" issues.

[44centsAKAchoccake]

What is Professor Thacker's full name and where does he teach? Do you have the same info for the other witnesses. Is the expert witness testimony available somewhere? I used to work at NERA Economic Consulting, but on "public utility" issues.

[Wise Man]

More evidence that the FHEFSSA's Restriction on Capital Distributions (like dividends and today's gifted SPS) is still in force.
Exception B: to reduce the SPS (Separate Account plan)

A provision considered a Prompt Corrective Action that was snuck at the end of the section: CAPITAL CLASSIFICATIONS.
The July 20, 2011 CFR 1237.12, makes clear at the end, that

it supplements and shall not replace or affect any other restriction on capital distributions imposed by statute.

So, the attorneys should have read the entire statute pertaining to FnF, including the Charter Act with a "special borrowing right from Treasury" (cheap UST backup)