Replies to post #780276 on Fannie Mae-No Politics (FNMA)

[Wise Man]

It's plain English language, plaintiff Joshua Angel. You use💩fan.
It's a brand new compensation to UST, written in a brand new covenant.
We call it NWS 2.0 to differentiate it from the NWS dividend.
But the same Common Equity Sweep, as seen in the image posted before about Freddie Mac Adjusted Net Worth Activity.

UST press release at the time :


The same occurred with the initial $3 billion SPS issued for free. But these SPS and the corresponding offset, do appear on the Balance Sheets.

[LuLeVan]

Edited:

It is kind of difficult to understand. For example, "SPS LP increased for free in the absence of dividend to UST" is subtle. I would say "NWS was only stopped for a short time: Starting 2019, Fannie and Freddie were allowed to keep their earnings to build up capital. But since Jan. 2021, dollar-for-dollar, their retained earnings are added to government's "off-balance-sheet" SPS equity (i.e. Liquidation Preference). When things resume normal, Fannie and Freddie are required to pay 10% of their LP as dividend. NWS payments were deferred to a later date.

(It's not easier to read now, but at least correct.)

[LuLeVan]

(Can someone come up with an easier terms, please ?).

Here's a simpler version: The 4th letter agreement (January 2021) is a well-hidden continuation of the NWS. The hide-and-seek game was enough to allow the Supreme Court to play dumb and dismiss the Collins lawsuit in June 2021. The desired effect of the 4th letter agreement (further looting of the GSEs) will not take place until the GSEs are fully recapitalized through retained earnings. The 4th letter agreement is therefore a cleverly constructed time bomb.

[And yes, Mnuchin is a traitor...]

[EternalPatience]

Why is there no cases filed on this 2021 mirage of NWS being stopped but not? Anyone?

[Wise Man]

These are ALL the SPS increased for free:
-Initial $1 billion SPS issued for free, debited from the Additional Paid-In Capital account (Core Capital), on September 2008.

Then, all other SPS that are missing on the Balance Sheets along with their offset (Financial Statement fraud) and part of the same Separate Account dressing that is meant to make someone end up with: "It's complicated", also known as "regulatory gibbering" that the plotters accompany "doing the twist", as seen in the comment that I'm replying to.

It is kind of difficult to understand.

- 4th amendment of the PA: $3 billion on December 2017 with Mel Watt. FnF were allowed to have $3 billon Net Worth again (as if it was even possible for a conservator to mandate NW limits in a private corporation), after the 2012 3rd amendment that began with $3 billion NW limit as well, imposed a $0 Net Worth target for 2018, with a $600 million annual reduction, which is illegal in the Charter Act that requires the management to have always a minimum Net Worth, without specifying more. Our negotiator on #Fanniegate posted a tweet that alerted the FHFA-UST and prompted this 4th amendment one week before the end of the year.

- 5th amendment: SPS increased for free every quarter as of September 2019, in the same amount as the NW increase, until their Net Worth reaches $22 billion for Fannie Mae and $17 billion for Freddie Mac.

- 6th amendment: Every quarter as of January 2021, until their Net Worth reaches the regulatory capital requirements, making up the concept of "Capital Reserve End Date".
The minimum Net Worth was called "Applicable Capital Reserve" in early Conservatorship, and turned into a limit, above which, it was swept to UST.
With the new concept, the plotters do the twist and peddle the idea that the regulatory capital requirements are met with the Net Worth, instead of Core Capital and Total Capital deep in the red, spreading also the idea of FnF being in a good financial condition for the release from Conservatorship, despite their current adjusted $402 billion core capital shortfall over Minimum Leverage Capital requirement, a level that was MANDATORY release in the FHEFSSA before being struck by HERA (Source)
That's not the "rehabilitate FnF" required by justice Alito and judge Willett.
A financial rehabilitation during the conservatorship. Not now, to start pardoning debentures with a SPS haircut/swap to Cs, and JPS wiped out, as their $118 billion Net Worth suggests (Only 24% dilution, which boosts the Common Stock price)

The Separate Account plan ought to be unveiled in the first place.
Their combined adjusted $-216 billion Accumulated Deficit Retained Earnings accounts, makes the whole conspiracy come to the surface.

All this regulatory gibbering has ended up with the twist of capital requirements met with the Net Worth. This is why the Treasury of Mnuchin recommended Congress to repeal the statutory definitions regarding capital (UNDERCAPITALIZED: when the Core Capital is greater than the Minimum Leverage Capital requirement; CRITICALLY UNDERCAPITALIZED: when the core capital is lower than the Critical Capital level, which is already absent from the ERCF, etc.)


You have omitted all other dates:

Starting 2021

Stop gibbering, pro se plaintiff.