Thread by @CarlosVignote

ALITO GOT IT WRONG CALLING THE 6TH AMNT "4TH"
SPS issued for free:
Initial $3b
SPS increased for free:
Dec2017,4th amnt: $3b in 1Q2018.NW=$3b,the rest swept to UST.
Sept2019,5th amnt:max NW=$20b/$25b,resp.
Jan2021,6th amnd:NW increases until Capital requirement is met.#Fanniegate

We see in the screenshots that the maximum amount of Net Worth they are allowed to hold, it's called Applicable Capital Reserve, like in the 3rd amndt.
But now, it isn't Capital Reserve as SPS for free reduce the Core Capital.
So,NW increase=SPS, not Capital.
NWS with other name.

Also,we see that the Jan 2021, 6th amndt to PA, isn't exceptional. The maximum Net Worth is increased, like in the 4th and 5th amendments.
Alito passed it off as a game changer that "eliminated the (Equity holders') injuries."
🚨JPS holders aren't FnF shareholders.@TheJusticeDept

The @FHFA-C limits the "Applicable Capital Reserve" they are allowed, when its power is Rehab:"put FnF in a sound and solvent condition" and the Restr on Capital Distributions is meant to keep all.
The thing is that it even isn't Capital Reserve.
The Mob rules the🇺🇲institutions.

@FHFA Reminder: the 3rd amndt was a cash NWS above the max Applicable Capital Reserve,that began w/ $3b and automatically reduced $600mll per year. So,$0 end of 2018.
At the time NW=Capital Reserve.
After I denounced the Charter requires a min Net Worth➡️4th amnt raised it to $3b again

Now,the Applicable Capital Reserve comes w/ SPS for free.
ACR is higher w/ the amndts and, thus,the NW. But now,due to the SPS increased for free =NW increase, the Capital Reserve remains flat at $0 due to the offset for increasing stocks for free,and the NW increases=SPS.
A NWS.

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