Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks LuLeVan,

Do you think the UST could be enjoined from implementing a cramdown if the SPS is still in place after SCOTUS?

Looking at UST ethics:

https://arc.fiscal.treasury.gov/files/pdf/Treasury-Ethics-Handbook.pdf

It looks like it was a clear violations of Ethics when they sent the confidential information to Barrons in March of 2008. The same UST official who the email was address to was actually chosen to be the new CEO of Wachovia before he resigned his position at UST. I am assuming the FDIC signed off on this. The the then head of the FDIC is now our Chairperson for our BOD.

How can they justify issuing shares at $ 27.50 underwritten by the UST officials old employer just 60 days after the Barrons planted article and now cram down public shareholders?