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BOMBSHELL! FINAL PROOF OF THE SECRET PLAN
The ruling stressed that a provision can't be seen isolated but part of whole statute to slam @FHFA's take on superpowers in Inc Power. It must comply w/ Power.
It can be applied to the dividend payments on SPS.#Fanniegate @TheJusticeDept
The ruling stressed that a provision can't be seen isolated but part of whole statute to slam @FHFA's take on superpowers in Inc Power. It must comply w/ Power.
It can be applied to the dividend payments on SPS.#Fanniegate @TheJusticeDept
Because the Charter prior 08 said that @USTreasury can buy obligations at a rate similar to Tsrys.
HERA incorporated below it that they can have unlimited yield. It didn't strike the previous cap.
Div restricted w/ exception:reduce obligations. In 2011 new exception in CFR:Recap.
HERA incorporated below it that they can have unlimited yield. It didn't strike the previous cap.
Div restricted w/ exception:reduce obligations. In 2011 new exception in CFR:Recap.
Now, what measure would you take that complies with ALL of the above?
Pay a div on the obligations SPS similar to Tsrys payable once Adq Cap & the excess applied toward the repayment of the SPS first, later Recap in a escrow acct at @USTreasury & lie about it thanks to Inc Power.
Pay a div on the obligations SPS similar to Tsrys payable once Adq Cap & the excess applied toward the repayment of the SPS first, later Recap in a escrow acct at @USTreasury & lie about it thanks to Inc Power.
@USTreasury @threadreaderapp unroll
