Fannie Mae-No Politics (FNMA)

[camaro4me]

Absolutely, that is what we have been saying all along.

‘All rights in the security’ as used in the statutes ‘means rights in the security itself as opposed to personal rights.’ In other words, ‘[w]hen a share of stock is sold, the property rights associated with the shares, including any claim for breach of those rights and the ability to benefit for any recovery or other remedy, travel with the shares.’ Rights associated with the dividends and liquidation preferences inhere in the security.” [/color]

Judge Royce Lamberth
Fairholme Funds v. FHFA
September 28, 2018

Brydon Fisher--google groups
https://groups.google.com/forum/#!topic/fannie-and-freddie-preferreds/WYmfnBht0cE