1991.THE BANKS' FDI ACT ADDED AN EXACT REPLICA OF FnF's CURRENT RESTRICTION ON CAPITAL DISTRIBUTION +EXCEPTION B:REPAY SPS
Included in the subsection(d)PROVISIONS APPLICABLE TO ALL INSTITUTIONS,of the Section PROMPT CORRECTIVE ACTION(12USC1831o)#Fanniegate @Scotus @TheJusticeDept
Just before the provisions w/ the corrective actions when Undercapitalized, Significantly Undercap or Critically Undercap, because it's for all of them.
In FnF's 1992 FHEFSSA,this restriction appeared individually as a supervisory action for each Capital Classification mentioned.
What 2008 HERA did, is to remove this corrective action from each Capital Classification and put it as a stand alone provision for all of them, a replica of the FDI Act 1991 amendment.
But,instead of placing it on a subsection Provision Applicable To All Institutions,it was added
straight to the end of the section Capital Classifications.
One of the first measures of the @FHFA-C was to(unlawfully)suspend the Capital Classifications needed for the release,in an attempt to make this restriction go unnoticed,as people wouldn't read this section.There's more!
The evidence that the FHFA aimed at burying this Restriction on Capital Distributions,is also found in its 2011 Rule, linking this suspension with "FnF not subject to statutory prohibitions on capital distributions".
It knew it's a lie, that's why it added exception(1)"for Recap"

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More from @CarlosVignote

3 Apr
.@Scotus CAN ONLY RULE ON BREACH OF THE STATUTORY PROVISIONS
A Nationalization is legal, including during a Conservatorship, but FnF have to be in compliance with the law at the time,subsequently, the stocks trade at fair value. This is the Secret Plan.#Fanniegate @TheJusticeDept Image
The Secret Plan was deliberately enabled by the @FHFA's 2011 CFR1237.12(1)for Recap,as SPS were about to be repaid under HERA's Restr On Capital Distrib exception B,the same FHFA did with the FHLBanks to repay the 1989 REFCORP fund.
GOAL: a depressed common stock for the assault. Image
There's no such thing as breaking a law & later require a court to declare Nationalization at a stock price that discounts the scenario w/ all the illegal actions in Conservatorship & under the Charter,regardless that the rogue people now call a Conservatorship "Nationalization". Image
Read 4 tweets
13 Feb
THE EQUITY HOLDERS URGE @Scotus TO IMPOSE PUNITIVE DAMAGES
Besides Moral Damages.
The delay,the Secret Plan and multiple crimes aim at stock price manipulation,not just for the Govt cronies that buy cheap stocks,but also a way to create wealth for the people.COMMUNISM.#Fanniegate
No one files a report 13D Beneficial Ownership,despite being compulsory(SEC rules)regardless of rights.
We rely on different websites that inform about the Institutional ownership,but not all post the same.
-The largest ETF in the world, SPDR S&P500,owns a 1% stake in $FNMA.Also,
the ETF iShares Core S&P500,managed by BLK(source:Fidelity)
-The @USArmy owns 15% of FNMA directly,7% through Mutual Funds & ETF,because that's the position of Vanguard/BLK,the 2 institutions that I bet are used by @DeptofDefense/ Congress to buy stocks & boost the GDP:Pagliara👇
Read 12 tweets
10 Jan
PROPOSED ORDER IN @SCOTUS
1-$160b @USTreasury refund.@TheJusticeDept pays $19b Moral Damages
2-Congress puts the UST backstop where it belongs
3-@FHFA,dissolved.HUD takes control,like since the 1968 $FNMA privatization(request reports,etc)
4-The Conservatorship is...#Fanniegate
handed out to a Justice.FnF released in 2 days after the final decision: the JPS are refinanced(3.5%)& regrouped.FnF resume indep operations.
5-Accountability
Criminal:the SEC Chairman that ignored my complaints,the FHFA's Dtrs,CFOs,etc
Political:Pelosi, Shelby,Warner, Waters,etc
The SPS(repaid in 2013/2014 FMCC/FNMA,resp,under the Secret Plan)& the Warrant(collateral of the SPS-to protect the taxpayer-eliminated back then),cancelled in 4.
The cumulative SPS get a 0% rate due to the (illegal)collateral.
Moral Damages:
$10
$9
$5
$3.5
Read 6 tweets
9 Jan
HOW FnF REFINANCE THE JPS ON THEIR OWN
FnF redeem them at their par-value($25/$50)and issue new JPS.The closest Redemption Date now is Dec 2025.
The div resumes at 7.75%.Better use the @FHFA-C's Inc Power today"in the best interests of FnF".#Fanniegate @TheJusticeDept @USTreasury
$FNMAS prospectus.
Other theme is that the @FHFA-C has to use its authority to regroup all series of JPS into just two series($25/$50)
We have Calabria writing regulation,even related to the case of Receivership, instead of doing his job as Conservator. Lack of empathy & a crime.
The idea that the JPS's div payments don't resume till FnF build a Capital Surplus(beyond the Adeq Capitalized threshold),contemplated in the recent rule of Capital requirement,is insane.
JPS holders are outsiders,not shareholders.Role of recap upon undercap.
Calabria,illiterate.
Read 5 tweets
8 Jan
ARE #BIDEN & #KAMALAHARRIS TWO BULLIES?
Fact:KH was chosen by Biden because she's a well-known stalker of FnF. In Dec2011 KH sued FnF and in Feb2012 she bullied the @FHFA's Dtr publicly and in letters.
Biden understands the VP role as a bully,he might've done the same.#Fanniegate ImageImage
Background.
In 2011,Republicans introduced more than 16 bills in Congress with the goal to wind down FnF, others were bipartisan.
HR1859 in May, a day after🇨🇳VP Quishan's trip to the🇺🇸to meet w/ Geithner.
HR2413 in Aug.
Geithner,July 2011:"Don't listen to banks...". 2 days later:
“The president did not want the new rules to end up being written by those who brought us to the edge of catastrophic financial failure”.
In July, FHFA began preparing the secret Recap plan CFR1237.12(1),which kicked off when the SPS were redeemed in 2013 for FMCC.2014 for FNMA. Image
Read 5 tweets
7 Jan
THE SPSPA IS INVALID AS OF DECEMBER 2009
Thread explains how the @FHFA committed Securities Fraud to evade the expiration date of a Temporary Authority of @USTreasury to PURCHASE (high yield)obligations.
Also,2nd amnt to fool us:
#Fanniegate @TheJusticeDept
If it includes Securities Fraud (SPS Liq Prefr is increased,instead of issuing stocks),it's invalid since day one. The Dec2009 expiration date is the MOTIVE of this crime(evade it)
HERA's amnts of the Charter(like this Temporary Authority)are invalid too:
So,the SPSPA is invalid from day 1.
What I meant w/ the 1st tweet,is that the @FHFA/@USTreasury can't write either a new amendment to the PA(6th)or a new PA stating that the UST gets a high yield div.The authorization EXPIRED in 2009.
Only the original low cost backstop prevails.
Read 4 tweets

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