Replies to post #772338 on Fannie Mae-No Politics (FNMA)

[Wise Man]

Don't try to put the blame of the coverup of the Restriction on Capital Distributions on judge Lamberth.
This payment of Securities Litigation judgment is a capital distribution, restricted (U.S.Code §4614(e)), just like the dividend payments and today's SPS LP increased for free as compensation to Treasury in the absence of dividend.
The grounds of the Separate Account plan that resembles the one in 1989 with the FHLBanks, starring also DeMarco and Sandra Thompson, but this time is being carried out secretly: assessments to UST under the guise of capital distributions (either restricted and, in the case of dividends, unavailable earnings for distribution, out of an Accumulated Deficit Retained Earnings account), have been applied towards the reduction of SPS and the recapitalization of FnF outside their Balance Sheets (they are the exceptions to the restriction on capital distributions, so the assessments sent to UST are legalized: they were restricted, now they can go through)

Those to blame are the counterparties in court colluding to the same end: the coverup of the key statutory provisions and financial concepts that I've just mentioned, besides the original UST backup of FnF at a small spread over Treasuries (1.8% dividend rate with a 0.5% spread over Treasuries) and even the FHFA-C's Rehab power: put (restore) FnF in a sound and solvent condition.
It turns out that the coverup of a material fact is a felony of Making False Statements.

Judge Lamberth has shown a reckless disregard of whether the statements presented are true and a conscious effort to avoid learning the truth, turning into an essential tool for the hedge funds' stock price manipulation, one of the Securities Law violations for which we request a compensation.
Your opinion is laughable, Bradford, as always:

Lamberth would not have opened the trial if it had been clear from the outset that a payout would not be possible if the plaintiffs won. I strongly assume that Lamberth has thoroughly examined the legal situation in this regard. He's certainly biased, but he's not an idiot.