Fannie Mae-No Politics (FNMA)

[jeddiemack]

Rek,

Stop already and just admit the error of your thoughts.

OMG -

Here is the very post on GSElinks..."Peter Chapman writes, "The Clerk released FHFA and Treasury's briefs filed last week in the Eighth Circuit today. FHFA makes its position clear that HERA gives it the power to do whatever it wants, it has, FHFA is not like any common-law conservator, and nobody -- no GSE shareholder, no legislator, no Administration official, and no judge -- can second-guess FHFA's decisions and actions."

As yet another example of what I've written, until and unless this position is overturned. Watt is Golden.

AS for the dividend..

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2012-8-17_SPSPA_FreddieMac_Amendment3_N508.pdf

Read page 3. Section 2. Para A.

"as and if declared by the Board of Directors" in its "sole discretion".

Meaning... IF DECLARED!! its payable IF ITS NOT DECLARED its not then due and payable.


Cheers.