Fannie Mae-No Politics (FNMA)

[camaro4me]

Well then, let's cancel the warrants and relist by rules.

No, I do not think succession rights affect listing rules for the exchange. HERA does not empower FHFA to alter the regulations in place for third party private enterprises.

You might also want to review page 7 and the additional "Manual" link it contains. It casts substantial doubt on whether ANY relisting can ever be accomplished if warrants are converted or any secondary stock issue is effectuated other than by bona fide proxy and an actual shareholder vote... not via some kangaroo board and an Agency Director imposing succession rights.

I also find it interesting that the SPSPA was never submitted via proxy and a shareholder vote before being imposed by FHFA. This could be a barrier to ever gaining re-entry to a major exchange because it violated shareholder rights. Those succession rights can be legal in the eyes of a court, but may remain massive violation of NYSE investor assurance guidelines for NYSE listed shares. 79.9% of shareholder's equity was arbitrarily transferred to GOV via warrants without consent.