Fannie Mae-No Politics (FNMA)

[lushka]

what would be your reference /source for your following quote.Thank you:

"Thus, if President Trump had been able to direct FHFA to pursue his policy goals from the beginning of his administration, as the Constitution required, FHFA would have collaborated with Treasury to amend the PSPAs in one of two ways: (1) to reduce the liquidation preference on Treasury’s senior preferred stock to zero and end further increases to the liquidation preference so long as the Companies did not make further draws on Treasury’s funding commitment; or (2) to convert Treasury’s senior preferred stock to common stock. In either event, Treasury’s entitlement to 100% of the Companies’ net worth would be gone, and the Companies’ other shareholders could share in the upside."

I am not sure where to find it in the Collins litigation as an option?