Replies to post #765805 on Fannie Mae-No Politics (FNMA)

[Wise Man]

Correction in the post that debunked "SPS, non-repayable securities".
A minor mistake when I called the SPS in early conservatorship "SPS increased for free", as they were increased 1:1 with the draws from UST.
"For free" occurs nowadays, when FnF don't get the corresponding cash for the SPS increased every quarter.
Timothy Howard, ex-FNMA CFO, is to blame for the Conservatorship ($7.4 billion Treasury Stock -stock buybacks- on the Balance Sheet, investments that contravened its statutory mission, reduces the Net Worth and the Core Capital) and now a member of Fairholme's legal team to keep on causing economic harm on the shareholders.
He now faces liabilities for his amicus brief in the Supreme Court.

Howard's EPS target bonus w/ Treas.Stock (buybacks) to blame for Conservtshp too(C.C.reduction)
LIES/DEBUNKED
-FHFA's suspension of c.classifications affected the FHEFSSA Restr on C.Distrib/https://t.co/kNvg8gqtu1
-SPS, non-repayable securities/https://t.co/TrpKgOGD8j#Fanniegate

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