Fannie Mae-No Politics (FNMA)

[big-yank]

Did Richard Epstein irreparably derail the Perry Appeal?

Hamish Hume makes huge legal ado about the contract bestowed on junior preferred shareholders because of the verbiage in the stock certificates which he cites as a contract. Did he overlook the fact that even more over-riding verbiage was contained in the senior preferred stock certificates given government in confirmation of the senior preferred stock?

Epstein used this Senior Preferred Certificate as justification for disposal of the accumulated SPD. But it also confirms the government's ownership of succession rights as SENIOR preferred shareholders.

http://www.forbes.com/sites/richardepstein/2014/09/10/what-happens-if-the-government-loses-on-the-third-amendment-the-senior-preferred-stock-certificates-spell-nothing-but-trouble-for-the-government

Yes, lets have an honorarium for Richard Epstein who may have destroyed the contract complaint that was the best possibility for a shareholder victory vs. government in the Perry/Fanniegate Appeal. Thanks, Richard. You are the best!

JMHO.