Friday, February 07, 2020 12:56:40 PM
I think this became an issue with FMCC when they were raising equity prior to the Conservatorship because they had not filed 10-Ks or S-1s before 2008.
Here is a summary of the issue. Perhaps it has no bearing but FNMA and FMCC may be exempt issuers.
https://www.everycrsreport.com/files/20030711_RS21263_70674d4701c0a5a940bd3963010f5bbe1960aab4.pdf
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