Fannie Mae-No Politics (FNMA)

[capitalismforever]

$265B is more than $187B+5% interest

If $265B is applied towards $187.5B & 10% interest then it cannot be taking.
Even in Perry appeal hearing, Judges asked how much is total for principle and interest.
Even according to Ackman, $265B might be close to $187B plus 10% interest.

The math is quite simple to figure out. Ackman would never assume. He knows how to calculate math. The original SPSPA agreement called for a 10% annual dividend on the liquidation preference of the senior preferred shares. The liquidation preference is $1,000 per share x 1,000,000 shares = $1 bil.

$1,000,000,000 * 10% = $100,000,000

The agreement was made September 26, 2008.

8 years of dividend payments = $100,000,000 * 8

So no, the agreement prior to the 2012 NWS does not legitimize the entities paying $78 billion more than they've recieved.

Certainly, you are mistaken when you heard Ackman state "$265b might be close to $187b plus 10% interest". He's better at math than that, especially when it only requires elementary math to figure out.