Fannie Mae-No Politics (FNMA)

[Wise Man]

BOMBSHELL! THE FUNDING COMMITMENT IS A FARCE: SECURITIES FRAUD AND BREACH OF THE CONGRESS' INTENT.
It's based on a TEMPORARY authority of Treasury to PURCHASE unlimited yield obligations.
The temporary authority expired in December 2009. To override this deadline, the UST hasn't PURCHASED even one SPS. The UST got 1mll SPS valued at $1,000ps ($1 billion) in each GSE, for free and no reason, on day one of conservatorship, and since then, the SPS liquidation value increases. That's SECURITIES FRAUD because any obligation is unique and you can't increase the amount outstanding, but you have to issue new obligations, forcing the UST to purchase them.
Therefore, that provision that Pelosi's HERA incorporated into their Charters, doesn't allow an indefinite funding commitment.
It's only allowed in the original low cost UST backstop.
Yes, there are two UST backstops in the charter, one with unlimited yield for the Secret Plan, and the original low cost backstop.
More detail here.