Fannie Mae-No Politics (FNMA)

[jeddiemack]

Yes, they can sue - but the case would be immediately tossed.

It would be like suing to receive an ice cream cone from carvel.

Just because you go to carvel does not entitle you to a cone.

In the case of fannie and freddie, pursuant to the third amendment, only in the case a dividend is declared by the board of directors is it payable for the quarter.

If, mel tells the board not to declare a dividend, then effectively there is no dividend to be paid. So, like getting an ice cream cone, not until the owner decides to give you one are you going to get it.

Then, if the period passes and the board does not declare a dividend then, none is EVER owed. They are not cumulative.

Again, as per the third amendment.

This is an easy out - if mel has the testicles to do it.

Question is - does he?