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.
-$178B UST net refund
Both tax-exempt profit (C.C.)
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.
Jun 7 • 4 tweets • 2 min read
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
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
Apr 22 • 8 tweets • 3 min read
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
Sep 7, 2021 • 10 tweets • 5 min read
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
Sep 5, 2021 • 6 tweets • 5 min read
🇺🇸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
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:
The more forex reserves, the more money is printed out by the Ctl Banks...
Jul 2, 2021 • 7 tweets • 4 min read
ALITO GOT IT WRONG CALLING THE 6TH AMNT "4TH"
SPS issued for free:
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.
Jun 27, 2021 • 6 tweets • 4 min read
INC POWER: IN THE BEST INTERESTS OF FHFA-C,NOT @FHFA
"Authorized by this section". It should've been Act,like FDI Act.Drafted by Calabria?
Power: S&S condition. FHFA chose solvent 1st(reduce SPS)instead of soundness(1st,Recap until Undercap for release,then reduce SPS)#Fanniegate
Other examples of this Inc Power:
-The best interests of FnF is recapitalization(earnings),but FHFA chose a prudent stance forcing them to over-reserve for future losses(more than 2x the actual credit loss through 2011),increasing the losses(SPS)
-Selling off loans to reduce risk
Jun 25, 2021 • 9 tweets • 4 min read
THE SCOTUS OPINION CALLS THE NWS "PATH OF REHABILITATION"
It bought @TheJusticeDept's argument contending that the NWS was necessary to preserve the UST funding commitment,as the 10% div made(losses)FnF request draws from UST to pay it,depleting the funding commitment.#Fanniegate
The Justice mixed up the Authority of UST to Purchase Obligations (SPS) that HERA required the emergency determination(ii)to prevent disruptions in the availability of mortgage finance, with the rehabilitation of FnF, which is exclusively the FHFA-C's power: "Put FnF in a sound
Jun 24, 2021 • 7 tweets • 5 min read
ACTING @FHFA DTR,S.THOMPSON,SPENT 23 YRS AT THE FDIC BOD PRIOR JOINING FHFA IN 2013
HERA mirrors the FDI Act.Thus,it has the same:
1-Restriction on Capital Distribution:threadreaderapp.com/thread/1378953…
2-Conservatorship section:conservator's Power,Inc Power,etc.#Fanniegate@TheJusticeDept
FDI Act: 12USC1821(d); 12USC1831o(d)
1-In the link posted,it's explained that HERA amended the FHEFSSA to remove the Restr on Capital Distribution from each Capital classification(Conservatorship included)and put a single provision replica of the FDI Act,at the end of the section
Jun 23, 2021 • 5 tweets • 4 min read
I EXPECT THE @WhiteHouse TO OVERRULE THE FLAWED @SCOTUS' OPINION
A "strike the shareholders,side w/ the Govt"-type of opinion.
Based on the @FHFA-C's Inc Power "in the best interests of the Agency". The Justice adds "by extension, the public it serves".#Fanniegate@TheJusticeDept
It seems that he copy/pasted the flawed ruling from J.Sweeney:
1-The Justice omits that the provision begins referring to "Agency,as conservator".It can't conclude "authorization to serve the public"
2-The Justice omits the phrase "authorized by this section" in the same sentence
Jun 22, 2021 • 4 tweets • 2 min read
WHAT'D I DO?
Financially,it's better a Govt taking over the common stocks(the JPS are redeemed by FnF or stay;No Voting Right)than a $182b refund.
A fair value could be the sector's PER 13,but I'd try to subtract the cost of Moral/Punitive damages from the price tag.#Fanniegate
Then, the price of the Taking would be:
Calculated with an average of the adjusted EPS in the 4Q2020 and 1Q2021.
The resulting PER is 11.3 times.
Moral & Punitive damages(13%/12%)=$52b, defrayed by @TheJusticeDept.
Jun 22, 2021 • 4 tweets • 2 min read
.@FHFA's PREMEDITATION WHEN IT CARRIED OUT THE SECRET PLAN: STOCK PRICE MANIPULATION
2011:It enabled the continuation of the plan of distributing Capital to UST,but earmarked for other purposes(reduce SPS)by saying "it's intended to supplement" the law.#Fanniegate@TheJusticeDept
Corroborated also in the preface of the Final Rule,making clear that there is a law that contemplates the Capital distribution while in Conservatorship(besides talking about its Rehab power)
🚨A Federal Agency can't supplement a law,only Congress can do it,unless required by law.
Jun 11, 2021 • 6 tweets • 4 min read
THE @US1stCircuitCt SLAMS THE CONSPIRATORS' SLOGANS REGARDING
-The SPSPA is a contract
-The SPSPA is the backstop
-FHFA went out there to find financing in 08
Actions PURSUANT TO AN AUTHORITY IN THE CHARTER.Guess what! There are more provisions!#Fanniegate@TheJusticeDept@Scotus
The judge cites an authority of UST(added by HERA)to purchase UNLIMITED YIELD obligations SPS +Warrant(iii)to protect the taxpayer.
But a provision W/ THE SAME NAME,already existed in the Charter w/ low cost funding,consistent w/ the provision FEE LIMITATION that bars the Warrant
Jun 10, 2021 • 4 tweets • 3 min read
THE SECRET PLAN AIMED AT AVOIDING A JPS HOLDER REVOLUTION,LIKE OCCURRED IN🇪🇸IN 2011
"We want our money back""Against the Prfd Stock fraud"
With a true Conservatorship & the Charter's Fee Limitation:
-Commons trade at $60,$140,...$200 now
-JPS below par-value all along.#Fanniegate
FnF are building up Capital($205b C requirement)w/ the div suspended.Blame FHFA.The crooks Pagliara,Bradford,C.Phillips,Rosner,etc,run the story of Govt theft instead,maintaining the expectation of a Court resolution,when the lawsuits are the problem(Capital deficit not targeted)
Jun 8, 2021 • 4 tweets • 3 min read
#YELLEN WANTS THE #G7 TO FOLLOW #CHINA'S STEPS
Levying the Corp Tax on foreign Cos operating at home (🇨🇳has a 20% rate)or abroad, is illegal.
It deprives those foreign companies of the export revenues of their multinationals that would be taxed by the countries they are based on.
Yellen's proposal could be a 15% rate on foreign Cos subsidiaries of 🇺🇸Cos w/ a 15% min Corp Tax & a credit of 100% of the foreign rate.
🇨🇮example: 2.5% effective rate on the 🇨🇮subsidiaries of🇺🇸Cos vs 0.5% today.
The tax rate is an issue within a region(🇪🇺,🇺🇸,etc),not among them.
Apr 30, 2021 • 10 tweets • 5 min read
SPS increased for free can't appear on the Income Statement because it isn't an expense of the operations(no cost to us)
The line item now called:"Future increase in the SPS Liq Pref". Future? It's increased at the end of the quarter.#Fanniegate@TheJusticeDept@Scotus
But we see in the balance sheet that it's NEVER recorded. Since the 4th amdnt to PA(Dec 2017),the SPS in the balance sheet don't match the real data(Fin Statement Fraud)in order to don't post the offset(Reduction of Retained Earnings,once Additional Paid-In Capital was exhausted)
Apr 21, 2021 • 7 tweets • 4 min read
CALABRIA CLAIMS THAT THE PSPA ARE NOT LINES OF CREDIT
The name doesn't matter: line of credit, borrowing right,funding commitment
We know it can't be tapped to leverage FnF but to fund a negative Net Worth(Equity) issuing SPS(obligations/Equity)#Fanniegate@TheJusticeDept@Scotus
The key is that it emanates from the provision in the Charter Act called: Authority of UST to Purchase Obligations.Terms and Conditions.
There are 2:
-The original low cost
-The one added by HERA w/ UNLIMITED yield. @USTreasury can't buy anything w/o an authorization by Congress.
Apr 20, 2021 • 5 tweets • 4 min read
.@Yale's trash aims at covering up the FHEFSSA's restrictions for undercap and that FnF are congressionally chartered private corps w/ privileges like a CHEAP credit facility(@USTreasury backstop),a Public Mission,prohibition on fees by UST,etc.#Fanniegate@Scotus@TheJusticeDept
A report paid by the sponsors of the Moelis plan(J.Paulson/BX)to make the case for the corrupt plaintiffs:the coverup of the statutory provisions in the FHEFSSA and the Charter Act.
E.g.Module E: HERA,when it isn't a law in itself,but a law that amends the FHEFSSA and Charter Act
Apr 20, 2021 • 5 tweets • 4 min read
🇺🇸-🇪🇺POLITICIANS' PLAN TO DEINDUSTRIALIZE THE🇺🇸UNCOVERED
The March 31,2021 E.U.'s ruling was a reaction to $HOG's June 25,2018 SEC filing announcing a plan to shift production outside the U.S. to avoid the E.U.'s 25%-50% increased tariffs.
Trump,a cray hired by Pelosi.@WhiteHouse
It took 2 yrs and 8 mths for the E.U. to take up the Article 33 of Delegated Regulation(EU)2015/2446 and claim that the shift in production of HOG isn't deemed to be "economically justified" on the basis of the facts(HOG's SEC filing was their exit strategy) to avoid the tariffs.
Apr 5, 2021 • 6 tweets • 5 min read
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.
Apr 3, 2021 • 4 tweets • 3 min read
.@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
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.