Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The proverbial dog that never barked! WONDER WHAT'S IN THESE REDACTED DOCUMENTS!

"NOTE ON CONFIDENTIAL MATERIAL OMITTED
Pursuant to Federal Circuit Rule 25.1(c)(1), material subject to the Third
Amended Protective Order entered in )DLUKROPH )XQGV ,QF HW DO Y 8QLWHG
6WDWHV, Case No. 13-465 (Ct. Fed. Cl.) [ECF 417] (the “Protective Order”),
has been redacted from this non-confidential version of the Joint Appendix.
The material on Appx429, Appx430, Appx435, Appx436, Appx446, and
Appx447 (Fairholme Second Amended Complaint); Appx868 (email between
Treasury officials); Appx872–873 (Treasury proposal regarding PSPAs); Appx875–
876 (email between Treasury and White House officials); Appx880–882 (Freddie
Mac Board Minutes); Appx883–887 (Fannie Mae Board Minutes); and Appx902–
906 (deposition transcript of Jeffrey Foster), has been redacted pursuant to the
government’s request that the information remain subject to the Protective Order.
The Private Shareholders take no position on whether the information should be
confidential."

Why would the gses boards approve dividends to shareholders if in financial trouble?

"...is further illustrated by the decision by Fannie’s Board of Directors to declare
dividends on both its preferred and common stock in August 2008 and by FHFA’s subsequent..