Fannie Mae-No Politics (FNMA)

[capitalismforever]

The shareholders right to inspection of books and records weighs on the premise that the shareholder has a voting right to to their shares. That is what the issue is about and has nothing to do with the Net Worth Sweep. Each state has a "right to inspection" provision in their corporation bylaws. However, in order to petition the court to excercise your right to inspect the books, the shareholder must prove that he has a voting right (claim) to be authorized to inspect the books and records of the company. Being an owner of a stock certificate is not enough. It must be accommodated with the right to vote to satisfy the law. Because of conservatorship, that voting right no longer exists; which is why there hasn't been a shareholders annual meeting of the GSE's since conservatorship happened nor has any shareholder recieved a proxy form asking for their vote . So whether the NWS is stopped or allowed to continue, has no bearing on whether the shareholder has gained their rights to inspection back via shareholder voting rights. The only thing that does that is for the conservatorship itself to end. Currently, Pagliara is trying to find a loophole around the shareholders voting rights provision, which he may be (and I'm hoping) successful at.