Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Yanksghost and commons gang
Released under consent decree, MC says to new bod, hey you guys, you need more capital. New bod says, okay, we are gonna cancel prefs.

The law says he can require this...does it mean it's going to happen? Maybe, maybe not. Does it mean MC will do it personally, no. Could a new bod be involved, sure. Will the new lawyers and financial advisors be involved? Most likely.
Some folks read things literally unless it doesn't fit their narrative, then they use circular echo logic. Lol

(3) Acquisition of new capital
Require the regulated entity to acquire new capital in a form and amount determined by the Director.