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Conservatives against Trump Profile picture
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Jul 9 • 3 tweets • 3 min read
"EACH ENTERPRISE REMAINS UNDERCAPITALIZED"
Citing the 2021 FHFA report to Congress.
He ignores the Capital Rule is effective Feb16,2021 and that it's been concealed until the 2Q2022 earnings reports, showing a whopping $313B Capital deficit($182+$131👇)
$398B adjusted.#Fanniegate
Adjusted for SPS increased for free,reducing Retained Earnings(C.C.).SPS missing on their bce sheets to evade it(@SEC_Enforcement)
Capital is meant to cover unexpected losses and "protect the taxpayer" from SPS purchases when negative NW.
$461B of Capital generated held in escrow
(*) Concealed until the 1Q2022 earnings reports.
@RepFrenchHill @RepBlaine @RepLoudermilk @RepRalphNorman

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More from @CarlosVignote

Conservatives against Trump Profile picture
Jun 9
SECRET PLAN (THE LAW)
A $301B div (Core Capital) was used to repay the SPS and Recap, under the exceptions to the Restr on Capital Distr. SPS for free, a joke.
Unwound:
-SPS canceled
-$178B UST net refund
Both tax-exempt profit (C.C.)
-Warrant canceled.#Fanniegate @TheJusticeDept
Once FnF meet the threshold to resume the div payment,the cumulative div on the SPS repaid in 2013/2014, for FMCC/FNMA, resp.,is assessed 0%. Each "purchase" carried its own IRR. 0% due to the illegal collateral W (barred in Fee Limitation),security to (iii) protect the taxpayer.
UST hasn't purchased 1 security of FnF. It got the initial $1B SPS and Warrant for free and then,everything is INCREASED(fraud)
The initial gifts were illegal in the Charter +barred in the FHFA-C's power (C.C. reduction)
The W additionally credited to Additional Paid-In C.(fraud)
Read 6 tweets
Conservatives against Trump Profile picture
Jun 7
WRITE DOWN🆚WRITE OFF
The atty also requested "writing down the LP of the SPS to 0". Not only he didn't add that there must be a tax-exempt profit (Core Capital),but also he uses write down, used for an asset price reduction, but when it's reduced to...#Fanniegate @TheJusticeDept Image
zero, it's called "write-off",since there are no more incremental write-downs and it involves a credit to a profit acct.
Even a write down involves a profit, because SPS are obligations of FnF(debentures)
In this world,if you are pardoned debt,it's a profit for you.
The same they
are illegally increased (unique=ISSUED separately each time), he wants to simply reduce the price to zero and evade to record any profit (Core Capital)
The more Capital needs, the more stock offerings for the hedge funds and assault on the ownership.
@WhiteHouse @SEC_Enforcement
Read 4 tweets
Conservatives against Trump Profile picture
Apr 22
THE ARTICLE ADVOCATES FOR KEEPING THE CHARTER
FnF arent't liquidity providers.That's the #Fed.FnF buy mortgages for a guaranty mortgage securitization biz.
Cross-subsidy:even the authors claim that it's a common feature among insurers."Now,considerably less".This is...#Fanniegate
because they realized that all the borrowers authorized in the Charter pose similar risk at origination, since the Charter's requirement is just LTV<80%.
They claim that the UST backup in the Charter,to "ensure their solvency", is a taxpayer subsidy, ignoring that the true backup
of FnF is their Capital Reserve ($252b as of Dec 2021 w/ the secret plan),as 4th layer of protection. The other 3 are:
-The Charter's Credit Enhancement clause: borrower bears losses(max 80%LTV: PMI or down payment),...
-Collateral
-Loan Loss Reserve
So,the
Read 8 tweets
Conservatives against Trump Profile picture
Sep 7, 2021
THE CFOs' ILLEGAL ACCOUNTING MANEUVERS WITH THE SPS INCREASED FOR FREE (COUNT 3 & 4)
FnF report Comprehensive Income, not just Net Income.
What FnF do:
Not an expense result of operations
A change in Equity from nonowner sources
Distribution to a Preferred Stockholder.#Fanniegate
This is why FnF don't include it in Other Comprehensive Income for the Total Comprehensive Income,but outside the Comprehensive Income, as a distribution of income, like occurs with a cash dividend to the JPS/SPS holders.
This is misleading because the ending result is Net Income
attributable to shareholders, but it's also known as Net Income distributable to shareholders. By considering it like a cash div, there's no income left for distribution, when that's untrue. SPS increased for free means that there's no cash wire,so the Net Income is available for
Read 10 tweets
Conservatives against Trump Profile picture
Sep 5, 2021
🇺🇸CONGRESS TO COMPEL THE @USTreasury/@WhiteHouse TO IMPOSE A GLOBAL RULE W/ REGARD TO M2 MONEY SUPPLY
We witness how Wall St and the #G20 Allies,tailor self-promotion schemes for #PresidentBiden:EV and #coronavirus,resp.The latter hinders this rule.
A TOTALITARIAN COMMUNIST RULER ImageImageImage
Later,he just has to tap debt and,illegally, FnF, to pay for this scheme of economic devastation.
This rule is about accumulation of forex reserves through:
-Capital inflows
-External debt
-Exports/tourism
The more forex reserves, the more money is printed out by the Ctl Banks... Image
for circulation throughout the economy, at a ratio dollar-for-dollar increase.
The bondholders make sure that the Govts aren't reckless, otherwise it increases the prospects of default on the payments. So, the bondholders are the regulators of the politicians and not like today,
Read 6 tweets
Conservatives against Trump Profile picture
Jul 2, 2021
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
Read 7 tweets

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