Thread by @CarlosVignote

Another shameful VW's article paid by Pagliara,who erroneously claims that FnF are allowed to retain $25b of Capital Reserve. It's $45b(25 $FNMA),but FnF ARE NOT building Capital Reserve($0)but NW,since the new SPS reduce Retained Earnings.Liar!#Fanniegate @TheJusticeDept @Scotus

https://twitter.com/navycmdr/status/1335425221738676225

$0 is the Capital Reserve built since the 4th amnt,Dec2017.FnF built NW=$35b SPS
Core Capital on Sept2020:
$FNMA/ $FMCC:-$106b/-$60b
With the adjustment pending due to SPS missing,C.C.=$-123b/$-71.2b
With the SPS on Dec2020:$-127.2b/$-73.6b @TheJusticeDept

https://twitter.com/CarlosVignote/status/1331976846905384961?s=19

Evidence that FnF built $0 Capital Reserve since the 4th amndt.
The ending bce C.C. today in FMCC must coincide with the C.C. it had on the 1st quarter after the 4th amdmnt.
FMCC's C.C. today(w/ the SPS of Dec)=$-73.6b
1Q2018=$-70.2b -$3b SPS missing-$0.2b CECL adjustment=$-73.4b

BOTTOM LINE
The DOJ's Solicitor Gnrl can't claim that FnF have built a Capital Reserve after the 5th Circuit Court prompted a 5th amendment to the PA,because judge Willett ruled that the @FHFA exceeded its powers with the NWS transferring the NW to the UST.
The same NWS persists.

There are two lies: that FnF are building Capital since the 4th amendment to the PA and that the ending balance of the Capital Reserve is $35b.
The truth is:
$0 Capital built since the 4th amnt
$-208b ending balance of Core Capital(Deficit)with the SPS of December.
$35b Net Worth