Replies to post #772024 on Fannie Mae-No Politics (FNMA)

[Ace Trader]

BOOM TOMORROW !! For sure ! good work keeping an eye out for that we were all waiting for !

[Ace Trader]

WE WIN !!!!!! PAY UP FHFA !!

FREDDIE COMMON = $31.2 MILLION

FREDDIE JP = $281.30 MILLION

FANNIE JP = $299 MILLION
+
FANNIE JP 5% INTEREST 2012 TO 2023 July. = $$$$$$$$$$$$

[Mr Michael]

Way to go Navy!
Thank you for all your efforts.

Michael

[bradford86]

For the fannie mae jps only

Fnma commons that you own do not get any of this

They arent even part of the lawsuit

[skeptic7]

Shocker. Who was it that said the possibility for compound interest was DOA? Oh, never mind...that was me.

[Wise Man]

The U.S. Code 4617 (f) precludes the courts from taking actions that affect the conservatorships.
Also, this payment of Securities Litigation judgment, would be a capital distribution #3, restricted, explained here with all detail. Just like other capital distributions: #1 dividend payments and #1 the gifted SPS (#2 is stock buybacks if you were wondering)
The grounds of the Separate Account plan similar to the 1989 Separate Account statutory provision in the FHLBanks, starring DeMarco and Sandra Thompson too. But with some differences:
- Now it's kept secret;
- Dividends are restricted (this is what "cumulative" is for), 1.8% dividend rate with a 0.5% spread over Treasuries (Charter Act) versus 0.299% spread in the FHLBanks (GAO report. 10% interest rate);
- Repayment of obligations with the taxpayer at maturity, versus fully repaid through assessments in late 2013 and late 2014, FMCC-FNMA, respectively;
- Separate account for Recapitalization secretly with the CFR 1237.12 outside their balance sheets, whereas a proper Recap plan for the FHLBanks made public in the famous press release ("the FHLBanks have fulfilled their obligation to pay interests on RefCorp bonds", leaving the repayment of principal of the obligation pending. Playing with the word "obligation") a few weeks after the effetive date of the CFR, July 20, 2011.

This is why the judge was advised to defer entering judgment, so this restriction on capital distributions continues to be shamelessly concealed by the parties and their social media shills, in an ORAL MOTION by the Wall Street law firm representing the FHFA, whispering to judge Lamberth in his ear, because it seems that the attorney Hamish Hume wasn't aware of this ORAL MOTION in the email sent to you (Q: Are we waiting? A: Yes)

On the judgment-day, the FHFA is compelled to announce that it's restricted in the FHEFSSA (as amended by HERA), exposing the farce all along of concealing that dividend payments and gifted SPS are restricted too (besides unavailable earnings for distribution as dividend, with an Accumulated Deficit Retained Earnings account. Adjusted $-216 billion together as of June 30, 2023)




As a consequence, this delay to conceal the Restriction on Capital Distributions has prompted that the time to enter judgment (60 days) has passed.
The FHFA is well aware not just that this restriction exists, as seen in the July 20, 2011 Final Rule preface that talks about it and in its surprising and ill-conceived addition of CFR 1237.12 (capital depleted for their Recapitalization) that ends with "it shall not replace or affect any other Restriction on Capital Distributions imposed by statute", but also it knows it's a Prompt Corrective Action, as seen in the recent Capital Rule:

If words have a meaning:
Prompt.
Corrective.
Action.
What was released on Tuesday wasn't a court order or judgment, but a Memorandum Opinion.
Thus, the verdict has not taken effect yet. It's another opinion by 8 random citizens, clueless about FnF matters and financial concepts.
Yet, you attempted to pass it off as court order.

Judge Lamberth Order