Fannie Mae-No Politics (FNMA)

[whipstick]

all that means is FHFA's aka Treasury didn't know what they were doing when they tried to implement it. It's a mgmt at the point in time issue - if mgmt and mgmt's auditors (whose forecasts were wildly inaccurate lest we forget) are saying we can't pay it, and then they require it anyways, relying on mgmt's judgment in the implementation of said dividend should be suspect no?

Further, if mgmt was trying to do invoke a dividend that was so unmeetable as to cause the company to strain in it's capital positions doesn't that also point to manipulation of results to justify moving into a NWS position if that is your intended goal?

You have to look at the actions and the results of the actions on a cash basis. You can't justify forward looking statements at points in time to steal the profits if the opposite of those projections happened.

None of this results in case dismissed. In fact it's case very much not dismissed. Good try, you'll have to live to yank another day.