Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I saw that KT does not agree that anything but the NWS is in "play"

I do not understand how two things co-exist

ONE
Counts 11 and 12 for derivative claims on behalf of FNMA and FREDDIE for Breach of Implied in Fact Contract between the US and companies

I assume that is the NWS action was a breach of contract between F and F and Treasury (when Treasury imposed the NWS ?)

TWO

Your comments that an implied in fact contract can not be put in place by the F and F BODs - due to duty of candor - so how is there a breach of implied …. contract in 11 and 12

?