Fannie Mae-No Politics (FNMA)

[YanksGhost]

This belief is self-contradicting.

I agree that "the insolvency issue was solved under the... Treasury backstop" but that has nothing to do with FnF's charters. If the backstop was there, all along, there simply would never have been even a concern over insolvency in the first place. Second, you state that the SPSPA did not solve the problem (and that the charters did) but it was under the SPSPA that a specific $200 B Treasury draw facility was granted, later amended to $400 B. THIS is was solved the insolvency concern.

This said, trying to claim that the warrants granted in the SPSPA are somehow invalid becomes a Fool's Errand.