InvestorsHub Logo
Followers 3
Posts 78
Boards Moderated 0
Alias Born 02/27/2019

Re: kthomp19 post# 514110

Wednesday, 03/27/2019 8:11:15 AM

Wednesday, March 27, 2019 8:11:15 AM

Post# of 797101
Quote:
This is false. Section 5.3 of the original SPSPAs states (emphasis added):

Quote:
5.3.Conservatorship. Seller shall not (and Conservator, by its signature below, agrees that it shall not), without the prior written consent of Purchaser, terminate, seek termination of or per-mit to be terminated the conservatorship of Seller pursuant to Section 1367 of the FHE Act, other than in connection with a receivership pursuant to Section 1367 of the FHE Act.


This is so f*ing illegal. Powers given by congress to FHFA cannot be contracted away to Treasury.