Fannie Mae-No Politics (FNMA)

[Wise Man]

***JUST IN***JUDGE SWEENEY,FHFA-C AND U.S.TREASURY PLACED INTO GUARDIANSHIP AFTER BEING DECLARED INCAPACITATED.
Three tremendous errors in comprehending texts, brought us here.

1-The Charter's Fee Limitation bars the U.S. Treasury from assessing or collecting a fee or charge on or with regard to the purchase, sale, pledge...of securities by FnF. Exception: low-cost redeemable obligations (SPS)
FNMA's Charter starts with: "PROHIBITION ON ASSESSMENT OR COLLECTION OF FEE OR CHARGE BY THE U.S."
More clear if you don't understand FMCC's Charter that calls it "Fee Limitation".
So, no TCCA fees, commitment fees, 10% dividend, NWS dividend, Warrant, etc.

2-The Restriction On Capital Distributions (like dividends) when undercapitalized (IN GENERAL). Exception: reduce the SPS.

3-The word "may" that prefaces the conservator's Power and Incidental Power, isn't an option on when uphold his powers and do the opposite instead.

The announcement of Guardianship sent shock waves across the country.

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