Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks again for the reply Kthomp19

Fundamentally, the common and preferred GSE securities are "Securities" of Exempt Issuers - the question is what protections and rights are afforded public investors under the Securities Act of 1933 and the Exchange Act of 1934 - do you agree that is an open question?

When we purchased these Securities we expected to have these protections even though the UST also became owners of Securities via their ownership of warrants. Do you think HERA or some other type of immunity protects the UST for securites law violations?

Why wouldn't UST want the BOD of FNF to form a Special Committee with legal and financial representation? Why would they want to leave themselves to more litigation when they could just exercise their rights and inherent immunities and statutory protections to aggressively dilute public minority shareholders?