Fannie Mae-No Politics (FNMA)

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"Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.”

This provision provides the FHFA and UST a great option to get out of the mess created by 11 years of lawless conservatorship and all the lawsuits.

FHFA and UST should cancel SPSPA retroactively and come up with an new agreement based fair contractual terms retroactively. This will make most of the law suits moot and provide better investment environment for all.