Replies to post #766571 on Fannie Mae-No Politics (FNMA)

[HappyAlways]

Be aware, NWS Stop is not the right word. Devil is in the details. The GSEs are allowed to retain their earnings, but dollar-for-dollar, their retained earnings are added to their Liquidation Preference. They will be required to pay 10% dividend on their LP, shall the USG requests so. SCOTUS was told that NWS was stopped, as part of the reasons SCOTUS denied our case 2 years ago.

[Wise Man]

In the run-up to FRIDAY's con operation by the attorney D.Thompson (Collins case. Also the attorney for Berkowitz, Rop, Bhatti, Robinson), it's necessary a paid shill corroborating his stance in court:

Mnuchin's NWS stop in 2019

and

a decisive turnaround that opened the way to recap/release.

Words from LuLeVan, an ID used by Bradford86, who also agreed with his buddy navycmdr yesterday

as retained earnings continue

With

Yessir! You are getting it.

David Thompson seeks Constitutional Damages because the "for cause" removal restriction of the FHFA director, prevented his wonderland scenario from happening sooner firing Watt before.
He bases his opinion on the Financial Statement fraud in FnF, that don't record the SPS increased for free on the Balance Sheets in order to don't post the corresponding offset with reduction of Retained Earnings (Core Capital), as explained here.
Thus, the NWS goes on. Instead of being carried out through a NWS dividend, it's a NWS 2.0: Only the Common Equity (Retained Earnings) is swept to UST (held in escrow), substituted for SPS in the Net Worth. Hence, $111B Net Worth as of June 30, 2023.
David Thompson can only play the fool saying that he didn't know there is Financial Statement fraud in FnF (collusion Sandra Thompson - Hedge Funds Plaintiffs), something he has already done stating that he isn't a securities lawyer. I don't recall the exact moment when he said it, because he is omnipresent after seizing control of the remaining lawsuits to control the narrative. If someone recalls when he claimed not being securities lawyer, please let us know.
The adjusted Core Capital remains stuck at $-194 billion together since 2019 and thus, there was no "turnaround" in 2019 (no Recap)
There are no constitutional damages because Calabria-Mnuchin continue the same con operation as Watt, DeMarco and Lockhart: the Common Equity is held in escrow.
The "for cause" removal restriction is constitutional by the way, in congressionally chartered private corporations (limited powers in the FHFA)

Where is the S.E.C.? There is a complaint already filed with the S.E.C. talking about this Financial Statement fraud.
The FnF equity holders are being conned.

[Donotunderstand]

catching up - question to all

re the below - copy and paste

Mnuchin's NWS stop in 2019 at least ensured that Fannie and Freddie have been able to retain their earnings and build capital since then. That was a decisive turnaround that opened the way to recap/release. Otherwise, however, I agree that the Trump administration has also been slow to act.

?? Question
If every dollar kept by F and F (versus shipped to Treasury) has an IOU of one dollar in the LP count of the SP obligation to pay back

How is capital - real net capital - being built up?

Now ---- since I do hope for some sort of "deal" to reduce or eliminate the LP ----- this could seriously help -- but until then ARE F AND REALLY BUILDING NET CAPITAL OR IS THAT MORE SMOKE AND MIRRORS?